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

2. When defining a new stard ledger which action must you take to manually post a general journal entry to it?

A) Include the ledger in a ledger group
B) Assign a chart of accounts to the ledger
C) Define the underlying ledger
D) Assign the ledger to a company code

3. What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answers to this question.

A) The segment appears in the additional account assignment configuration.
B) The segment appears in the screen layout for asset master data.
C) The segment is automatically updated in existing asset master data.
D) The segment activation can be reversed.

4. You define payment methods.
Which parameters do you define on the level of the company code? Note: There are 2 correct answers to this question.

A) Permitted Currencies
B) Payment Medium
C) Foreign currency allowed
D) Minimum maximum payment amounts

5. You notice that in the entry view of a document you have fewer items than in the general ledger view.
What is the reason for this?

A) The sales tax is posted in details in the general ledger view.
B) An extension ledger has been configured.
C) Document splitting has been activated.
D) The sub-ledger accounts are shown in details in the general ledger view.

Solutions: