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

1. You define the technical clearing account for Integrated Asset Acquisition in Customizing.
Which prerequisites must be met? Note: There are 2 correct answers to this question.

A) The account is defined as open item managed.
B) The account is defined in the account determination for each asset class.
C) The account is defined as a reconciliation account for fixed assets.
D) The account is a balance sheet account.

2. 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 request
B) Account statement
C) Balance notification
D) Balance confirmation

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 added an account to the liabilities node that belongs to the financial statement notes.
B) You have accounts that you have not assigned in the financial statement version.
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. Your company follows IFRS accounting principles needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".
What do you need to achieve segment reporting in this scenario? Note: There are 3 correct answers to this question.

A) Business areas
B) Document splitting
C) Profit centers
D) Profitability segments
E) Segments

5. What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

A) It must be linked to leading ledger OL.
B) It cannot take over values from other areas.
C) It must be defined as a cost accounting valuation area type.
D) It must always post in real time.

Solutions: