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

1. How does the system determine the relevant accounting principle when performing foreign currency valuation?

A) Via the valuation method
B) Via the valuation class
C) Via the valuation area
D) Via the valuation type

2. On which level do you maintain the currency translation ratio between two currencies?

A) Currency type
B) Document type
C) Exchange rate type
D) Valuation type

3. What can you achieve with the legacy data transfer in Asset Accounting via transaction AS91?

A) Posting of take over values
B) Posting the summary write off in G/L
C) Setting the company code status for legacy data transfer
D) Creation of master data

4. Your organization has heard about SAP Intercompany Matching Reconciliation (ICMR) is wondering whether it could address their needs.
For which purposes can ICMR be useful? Note: There are 2 correct answers to this question.

A) To trigger elimination of intercompany revenues & costs based on rules configured
B) To generate automatic posting to correct intercompany discrepancy
C) To generate automatic elimination of intercompany AR/AP balances
D) To highlight solve intercompany data discrepancy triggering a workflow

5. What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.

A) The account where a residual item is posted
B) The document type of the payment
C) The exclusion of disputed residual items from credit limit checks
D) The special G/L indicator for the down payment
E) The type of payment notice sent to a customer

Solutions: