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

1. 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 not closed the previous fiscal year.
D) You have incomplete asset master records.

2. You run a financial statement report notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.

A) You have added an account to the wrong node it is included in the assets section.
B) You selected account group assignment by balance for an account it is displayed as a liability.
C) You have accounts that you have not assigned in the financial statement version.
D) You have added an account to the liabilities node that belongs to the financial statement notes.

3. You notice that the GR/IR account does not have a zero balance.
What could be the cause? Note: There are 2 correct answers to this question.

A) A purchase order has a partial invoice receipt but not yet a goods receipt.
B) A purchase order has a goods receipt an invoice receipt with the same quantity but with different values.
C) A purchase order has a partial goods receipt for which we have not yet received an invoice.
D) A purchase order has a goods receipt an invoice receipt with the same quantity values.

4. On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

A) G/L account
B) Fixed asset number
C) Customer reconciliation account
D) Supplier account

5. You define the technical clearing account for Integrated Asset Acquisition in Customizing.
Which prerequisites must be met? Note: There are 2 correct answers to this question.

A) The account is defined as open item managed.
B) The account is defined as a reconciliation account for fixed assets.
C) The account is a balance sheet account.
D) The account is defined in the account determination for each asset class.

Solutions: