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

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

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

4. You try to assign an alternative account to a G/L account but receive an error message.
What can be the reason?

A) You have not assigned the alternative chart of accounts to your company.
B) The alternative account is already assigned to another G/L account for the company code.
C) You have not assigned the alternative chart of accounts to your operational chart of accounts.
D) The alternative account has not been created for the company code.

5. Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correct answers to this question.

A) Actual inventory method
B) Stard inventory method
C) Cycle counting method
D) Continuous inventory method
E) Periodic inventory method

Solutions: