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

1. You are implementing the Financial Closing Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

A) It allows cross template maintenance.
B) It allows cross task list execution of tasks.
C) It covers multiple companies with same or similar tasks.
D) It allows cross task list monitoring of task status.

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

3. You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?

A) You have not posted depreciation completely.
B) You have not run the settlement for your assets under construction.
C) You have incomplete asset master records.
D) You have not closed the previous fiscal year.

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

5. At which levels can the print program its variant be assigned to the correspondence type? Note: There are 2 correct answers to this question.

A) System
B) Company
C) Client
D) Company code

Solutions: