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

1. Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

A) Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
B) Line item valuation for balance sheet accounts defined as open item management
C) Line item valuation for balance sheet accounts not defined as reconciliation account
D) Balance valuation on items for balance sheet accounts not defined as open item management

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

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

3. You are entering a credit memo in Financial Accounting are wondering why the entered payment terms are being ignored.
What are the reasons? Note: There are 2 correct answers to this question.

A) The due date determined based on the entered payment terms is in the past.
B) The field "Reference" of the credit memo is blank.
C) The credit memo was entered in Financial Accounting.
D) The credit memo was created without reference to an invoice.

4. Which parameters can you configure on the dunning level? Note: There are 2 correct answers to this question.

A) Days in arrears
B) Line item grace period
C) Interest indicator
D) Payment deadline

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

Solutions: