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

1. You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable fields have been set to option in the field status. Which fields must you always maintain when extending a G/L account? Note: There are 2 correct answers to this question.

A) Sort key
B) Account number
C) Field status group
D) Account currency

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

3. 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 covers multiple companies with same or similar tasks.
D) It allows cross template maintenance.

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

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

5. What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

A) It must be linked to leading ledger OL.
B) It must be defined as a cost accounting valuation area type.
C) It must always post in real time.
D) It cannot take over values from other areas.

Solutions: