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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions:

1. What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

A) Determine the G/L accounts for the valuation posting
B) Define the document type for the valuation posting
C) Define the posting reversal date for the valuation posting
D) Determine the exchange rate type
E) Define the valuation procedure

2. Which object is used to directly support the preparation for consolidation?

A) Company/Trading Partner
B) Segments/Profit Centers
C) Ledgers/Ledger Groups
D) Functional Areas

3. You run a financial statement report notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.

A) You have accounts that you have not assigned in the financial statement version.
B) You have added an account to the liabilities node that belongs to the financial statement notes.
C) You selected account group assignment by balance for an account it is displayed as a liability.
D) You have added an account to the wrong node it is included in the assets section.

4. You notice that in the entry view of a document you have fewer items than in the general ledger view.
What is the reason for this?

A) Document splitting has been activated.
B) The sub-ledger accounts are shown in details in the general ledger view.
C) The sales tax is posted in details in the general ledger view.
D) An extension ledger has been configured.

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

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

Solutions: