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

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

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

2. Which component of the Intelligent Enterprise allows customers to discover deploy vertical solutions from SAP partners?

A) Business Network
B) Intelligent Suite
C) Industry Cloud
D) Experience Management

3. You try to create a G/L account but you get an error because the account number is not in the accepted range.
Which object do you need to customize to extend the number range?

A) Account type
B) Chart of accounts
C) Tolerance group
D) Account group

4. On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? Note: There are 2 correct answers to this question.

A) Account determination
B) Chart of Accounts
C) Asset Class
D) Depreciation area

5. 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) Profitability segments
C) Profit centers
D) Segments
E) Document splitting

Solutions: