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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions:
1. You want to assign your 3 newly created company codes to the same controlling area.
Which settings must be common to all the company codes? Note: There are 2 correct answers to this question.
A) Posting period variant
B) Fiscal year variant
C) Operating chart of accounts
D) Source currency for group currency
2. 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) Asset Class
B) Account determination
C) Depreciation area
D) Chart of Accounts
3. What do you configure for regrouping receivables payables?
A) Sort Method
B) Calculation Method
C) Valuation Method
D) Provision Method
4. Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.
A) Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
B) Balance valuation on items for balance sheet accounts not defined as open item management
C) Line item valuation for balance sheet accounts not defined as reconciliation account
D) Line item valuation for balance sheet accounts defined as open item management
5. 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 reverse the clearing document
B) Reverse the clearing document
C) Repost the clearing document
D) Reset the clearing document
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A,D | Question # 3 Answer: A | Question # 4 Answer: C,D | Question # 5 Answer: A,B |



