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

1. You post an unplanned depreciation to an asset.
What is the effect on FI-AA FI-GL?

A) Posting is not done in FI-AA in FI-GL until the depreciation posting program has run.
B) Posting is done in FI-AA in real time in FI-GL once the depreciation posting program has run.
C) Posting is done in FI-AA in real time in FI-GL once the periodic posting program has run.
D) Posting is done in FI-AA in FI-GL online in real time.

2. Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

A) Line item valuation for balance sheet accounts not defined as reconciliation account
B) Line item valuation for balance sheet accounts defined as open item management
C) Balance valuation on items for balance sheet accounts not defined as open item management
D) Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

3. You post an incoming payment from a customer with a residual item for a payment difference.
What are the consequences? Note: There are 2 correct answers to this question.

A) The residual item becomes a new receivable.
B) The residual item is written off to a cost account.
C) The original document the payment are cleared.
D) Both the original open item the residual item remain on the account as open items.

4. Where do you assign the group chart of accounts?

A) Company code
B) Company
C) Operating chart of accounts
D) General ledger account

5. 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 selected account group assignment by balance for an account it is displayed as a liability.
C) You have accounts that you have not assigned in the financial statement version.
D) You have added an account to the wrong node it is included in the assets section.

Solutions: