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

2. You try to assign an alternative account to a G/L account but receive an error message.
What can be the reason?

A) You have not assigned the alternative chart of accounts to your operational chart of accounts.
B) The alternative account has not been created for the company code.
C) You have not assigned the alternative chart of accounts to your company.
D) The alternative account is already assigned to another G/L account for the company code.

3. Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.

A) Field status group
B) Short text
C) Alternative account number
D) Account group
E) Group account number

4. You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your S S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?

A) 05
B) 01
C) 10
D) 15

5. The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?

A) The 3 logistical steps each generate financial documents.
B) The invoice needs to be created in reference to the goods receipt.
C) The goods receipt needs to be created in reference to the purchase order.
D) The purchase order needs to be created in reference to a purchase request.

Solutions: