C_P2WFI_2023 Exam Training Practice Tests (SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting)]

Question 1

You notice that the GR/IR account does not have a zero balance.
What could be the cause? Note: There are 2 correct answers to this question.

A. A purchase order has a goods receipt an invoice receipt with the same quantity values. B. A purchase order has a partial invoice receipt but not yet a goods receipt. C. A purchase order has a partial goods receipt for which we have not yet received an invoice. D. A purchase order has a goods receipt an invoice receipt with the same quantity but with different values.

Correct Answer: C,D

Question 2

Which SAP Fiori apps can be run on any database? Note: There are 2 correct answers to this question.

A. Manage Chart of Accounts B. Make Bank Transfers C. Accounts Payable Overview D. Customer Accounting Document

Correct Answer: A,B

Question 3

What are the 3 matory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answers to this question.

A. Approve the dunning proposal B. Change the dunning proposal C. Maintain the parameters of the dunning program D. Start the dunning printout E. Schedule the dunning run

Correct Answer: B,C,E

Question 4

On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

A. Supplier account B. Fixed asset number C. Customer reconciliation account D. G/L account

Correct Answer: A,D

Question 5

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?

A. You have not closed the previous fiscal year. B. You have not run the settlement for your assets under construction. C. You have incomplete asset master records. D. You have not posted depreciation completely.

Correct Answer: D

Question 6

Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.

A. 40 = Hard currency B. 60 = Global company currency C. 10 = Company code currency D. 00 = Document currency E. 30 = Group currency

Correct Answer: B,C,E

Question 7

What is the prerequisite for a G/L account to switch off open item management for it?

A. It has a zero balance. B. It has not been posted to. C. It has been blocked against postings. D. It has no open items.

Correct Answer: D

Question 8

On which level do you maintain the currency translation ratio between two currencies?

A. Exchange rate type B. Currency type C. Valuation type D. Document type

Correct Answer: A

Question 9

You want to post a reversal for a document posted in a closed posting period.
Which object do you configure to allow you to enter the reversal with a date different from the original document?

A. Reversal reason B. Company code C. Reversal method D. Document type

Correct Answer: A

SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C_P2WFI_2023 Exam Practice Test