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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. SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA? Note: There are 3 correct answers to this question.

A) Budgeted costs for a cost center
B) Intercompany postings
C) Primary costs resulting from a distribution
D) Plan depreciation amounts
E) Secondary costs resulting from an assessment

3. From which G/L account types are values shown in the profit loss (P&L) statement? Note: There are 3 correct answers to this question.

A) Primary Costs or Revenue
B) Secondary Costs
C) Non-operating Expense or Income
D) Cash Account
E) Balance Sheet Account

4. At which level do you define functional areas?

A) Client
B) Controlling area
C) Company code
D) Financial statement version

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

Solutions: