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

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

2. What is the prerequisite for a G/L account to switch off open item management for it?

A) It has no open items.
B) It has a zero balance.
C) It has not been posted to.
D) It has been blocked against postings.

3. What does the fiscal year variant define? Note: There are 2 correct answers to this question.

A) The start end date of posting periods
B) The posting periods open for posting
C) The authorization to post to special periods
D) The number of posting periods

4. In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

A) Asset transfer posting between asset classes
B) Settlement of an investment order to an asset under construction
C) Valuated goods receipt on a purchase order with an asset as account assignment
D) Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

5. 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 valuation procedure
B) Determine the exchange rate type
C) Determine the G/L accounts for the valuation posting
D) Define the document type for the valuation posting
E) Define the posting reversal date for the valuation posting

Solutions: