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

Exam Code: C_P2WFI_2023

Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting

Updated: Aug 15, 2026

Q & A: 82 Questions and Answers

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SAP C_P2WFI_2023 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Accounting in SAP S/4HANA Cloud Private Edition- SAP S/4HANA Finance Integration
  • 1. Integration with logistics processes
    • 2. Integration with controlling (CO)
      - Asset Accounting
      • 1. Asset master data management
        • 2. Depreciation calculation
          • 3. Asset acquisition and retirement
            - Accounts Receivable
            • 1. Customer master data
              • 2. Incoming payments and clearing
                • 3. Dunning processes
                  - General Ledger Accounting
                  • 1. Financial statements and reporting
                    • 2. Chart of accounts and account determination
                      • 3. Journal entries and postings
                        - Accounts Payable
                        • 1. Automatic payment programs
                          • 2. Invoice processing and payments
                            • 3. Vendor master data
                              - Closing Operations
                              • 1. Year-end closing activities
                                • 2. Month-end closing activities

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

                                  1. What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.

                                  A) The special G/L indicator for the down payment
                                  B) The exclusion of disputed residual items from credit limit checks
                                  C) The document type of the payment
                                  D) The type of payment notice sent to a customer
                                  E) The account where a residual item is posted


                                  2. Which component of the Intelligent Enterprise allows customers to discover deploy vertical solutions from SAP partners?

                                  A) Experience Management
                                  B) Business Network
                                  C) Intelligent Suite
                                  D) Industry Cloud


                                  3. How would you define Intercompany Matching Reconciliation (ICMR)? Note: There are 2 correct answers to this question.

                                  A) It is a solution that can be integrated with Group Reporting.
                                  B) It is a solution that facilitates transaction matching between systems in Central Finance.
                                  C) It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.
                                  D) It is a solution embedded in the SAP S/4HANA core.


                                  4. 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.


                                  5. You are implementing the Financial Closing Cockpit for your organization.
                                  What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

                                  A) It covers multiple companies with same or similar tasks.
                                  B) It allows cross template maintenance.
                                  C) It allows cross task list execution of tasks.
                                  D) It allows cross task list monitoring of task status.


                                  Solutions:

                                  Question # 1
                                  Answer: B,D,E
                                  Question # 2
                                  Answer: D
                                  Question # 3
                                  Answer: B,D
                                  Question # 4
                                  Answer: C,D
                                  Question # 5
                                  Answer: A,B

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