C_P2WFI_2023 Practice Mock 100% Pass | High Pass-Rate C_P2WFI_2023: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting 100% Pass

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| Section | Weight | Objectives |
|---|
| Accounts Payable & Accounts Receivable | 11% - 20% | - Invoice processing and payments - Vendor and customer master data - Credit management and dunning - Special G/L transactions and down payments
|
| Financial Closing Operations | 11% - 20% | - Intercompany reconciliation and consolidation preparation - Accruals and deferrals - Foreign currency valuation and remeasurement - Month-end and year-end closing activities
|
| Overview and Deployment of SAP S/4HANA | <= 10% | - SAP HANA architecture - SAP S/4HANA scope and deployment options
|
| Organizational Assignments and Process Integration | 11% - 20% | - Currencies and currency settings - Organizational units and their assignments - Document types, number ranges and validations - Integration between financial accounting components
|
| Asset Accounting | 11% - 20% | - Asset master data and depreciation areas - Asset reporting and year-end processing - Asset acquisitions, retirements and transfers - Depreciation calculation and posting
|
| Managing Clean Core | <= 10% | - Extensibility options in SAP S/4HANA Cloud Private Edition - Clean core principles and implementation
|
| General Ledger Accounting | 11% - 20% | - Periodic processing and reporting - Ledger concept and parallel accounting - Posting and document control - Chart of accounts and G/L account master data
|
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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q43-Q48):
NEW QUESTION # 43
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?
- A. Posts to G/L periodically
- B. Posts APC real time depreciation periodically
- C. Does not post to G/L
- D. Posts to G/L in real time
Answer: A
NEW QUESTION # 44
The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?
- A. The purchase order needs to be created in reference to a purchase request.
- B. The invoice needs to be created in reference to the goods receipt.
- C. The 3 logistical steps each generate financial documents.
- D. The goods receipt needs to be created in reference to the purchase order.
Answer: D
NEW QUESTION # 45
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting should then be reversed.
What account does the system use to post the valuation differences?
- A. Alternative reconciliation G/L account
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Adjustment G/L account for foreign currency
Answer: D
NEW QUESTION # 46
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.
- A. Define the posting reversal date for the valuation posting
- B. Define the valuation procedure
- C. Define the document type for the valuation posting
- D. Determine the exchange rate type
- E. Determine the G/L accounts for the valuation posting
Answer: B,C,D
NEW QUESTION # 47
You have cleared a customer open item but want to undo this action.
What are the available options? Note: There are 2 correct answers to this question.
- A. Reset the clearing document
- B. Reset reverse the clearing document
- C. Reverse the clearing document
- D. Repost the clearing document
Answer: B,C
NEW QUESTION # 48
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