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

1. You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your S S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

A) 01
B) 15
C) 05
D) 10

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

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

3. Your organization has heard about SAP Intercompany Matching Reconciliation (ICMR) is wondering whether it could address their needs.
For which purposes can ICMR be useful? Note: There are 2 correct answers to this question.

A) To highlight solve intercompany data discrepancy triggering a workflow
B) To generate automatic elimination of intercompany AR/AP balances
C) To trigger elimination of intercompany revenues & costs based on rules configured
D) To generate automatic posting to correct intercompany discrepancy

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

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

Solutions: