SAP C_P2WFI_2023 Q&A - in .pdf

  • Exam Code: C_P2WFI_2023
  • Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting
  • Q & A: 82 Questions and Answers
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  • Exam Code: C_P2WFI_2023
  • Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting
  • 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- Closing Operations
  • 1. Month-end closing activities
    • 2. Year-end closing activities
      - General Ledger Accounting
      • 1. Chart of accounts and account determination
        • 2. Journal entries and postings
          • 3. Financial statements and reporting
            - Accounts Payable
            • 1. Invoice processing and payments
              • 2. Vendor master data
                • 3. Automatic payment programs
                  - Accounts Receivable
                  • 1. Dunning processes
                    • 2. Customer master data
                      • 3. Incoming payments and clearing
                        - Asset Accounting
                        • 1. Asset master data management
                          • 2. Asset acquisition and retirement
                            • 3. Depreciation calculation
                              - SAP S/4HANA Finance Integration
                              • 1. Integration with controlling (CO)
                                • 2. Integration with logistics processes

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

                                  1. You need to explain the concept of noted items in SAP S/4HAN
                                  Which characteristics are specific to noted items? Note: There are 3 correct answers to this question.

                                  A) They generate postings that do not balance.
                                  B) They update the general ledger in Entry View only.
                                  C) They can be accessed by the payment program the dunning program.
                                  D) They generate statistical postings.
                                  E) They are managed as open items on customer vendor accounts.


                                  2. How does the system determine the relevant accounting principle when performing foreign currency valuation?

                                  A) Via the valuation type
                                  B) Via the valuation class
                                  C) Via the valuation method
                                  D) Via the valuation area


                                  3. 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) Balance request
                                  C) Account statement
                                  D) Balance notification


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

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


                                  5. 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 regular housekeeping tasks procedures.
                                  C) Establish an organizational structure technical foundation transformation methodology for clean core.
                                  D) Define roles responsibilities as part of a process transformation office.
                                  E) Establish release management.


                                  Solutions:

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

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