SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting - C_P2WFI_2023 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

As a pre-closing activity selected suppliers are to confirm their balances.
Which confirmation procedure do you use when a response is expected only in case of discrepancies?

A. Balance confirmation B. Account statement C. Balance request D. Balance notification

Discussion 0

Correct Answer: D Vote an answer

Question 2

What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

A. Integrate clean core practices in the end-to-end value process chain. B. Establish release management. C. Establish regular housekeeping tasks procedures. D. Establish an organizational structure technical foundation transformation methodology for clean core. E. Define roles responsibilities as part of a process transformation office.

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 3

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting should then be reversed.
What account does the system use to post the valuation differences?

A. Adjustment G/L account for foreign currency B. Individual supplier accounts with special G/L indicator C. Alternative reconciliation G/L account D. Supplier reconciliation G/L account

Discussion 0

Correct Answer: A Vote an answer

Question 4

You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters "balance sheet" "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.

A. The WBS Element from the asset master data can be changed during planned depreciation posting. B. The WBS Element is available for input in the asset master record. C. The WBS Element can no longer be changed in the asset master record once the asset is capitalized. D. The WBS Element cannot be used anymore for settlement.

Discussion 0

Correct Answer: A,B Vote an answer

Question 5

You want to assign your 3 newly created company codes to the same controlling area.
Which settings must be common to all the company codes? Note: There are 2 correct answers to this question.

A. Source currency for group currency B. Fiscal year variant C. Posting period variant D. Operating chart of accounts

Discussion 0

Correct Answer: B,D Vote an answer

Question 6

Where do you assign the group chart of accounts?

A. Company B. Company code C. General ledger account D. Operating chart of accounts

Discussion 0

Correct Answer: D Vote an answer

Question 7

You are posting a general journal entry for your company code. After posting the entry you notice the document number is in the wrong number range.
After reversing the document what do you need to change when reposting the document?

A. Document number B. Assignment C. Posting key D. Document type

Discussion 0

Correct Answer: D Vote an answer

Question 8

The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?

A. The 3 logistical steps each generate financial documents. B. The invoice needs to be created in reference to the goods receipt. C. The goods receipt needs to be created in reference to the purchase order. D. The purchase order needs to be created in reference to a purchase request.

Discussion 0

Correct Answer: C Vote an answer

Question 9

You post an incoming payment from a customer with a residual item for a payment difference.
What are the consequences? Note: There are 2 correct answers to this question.

A. The residual item is written off to a cost account. B. Both the original open item the residual item remain on the account as open items. C. The residual item becomes a new receivable. D. The original document the payment are cleared.

Discussion 0

Correct Answer: B,C Vote an answer