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Exam Code: C_P2WFI_2023
Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting
Updated: Aug 09, 2026
Q & A: 82 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Accounts Payable & Accounts Receivable | 11% - 20% | - Credit management and dunning - Vendor and customer master data - Special G/L transactions and down payments - Invoice processing and payments |
| Asset Accounting | 11% - 20% | - Asset master data and depreciation areas - Asset reporting and year-end processing - Asset acquisitions, retirements and transfers - Depreciation calculation and posting |
| Overview and Deployment of SAP S/4HANA | <= 10% | - SAP S/4HANA scope and deployment options - SAP HANA architecture |
| Financial Closing Operations | 11% - 20% | - Month-end and year-end closing activities - Foreign currency valuation and remeasurement - Accruals and deferrals - Intercompany reconciliation and consolidation preparation |
| General Ledger Accounting | 11% - 20% | - Posting and document control - Ledger concept and parallel accounting - Periodic processing and reporting - Chart of accounts and G/L account master data |
| Organizational Assignments and Process Integration | 11% - 20% | - Integration between financial accounting components - Organizational units and their assignments - Currencies and currency settings - Document types, number ranges and validations |
| Managing Clean Core | <= 10% | - Clean core principles and implementation - Extensibility options in SAP S/4HANA Cloud Private Edition |
1. Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
A) 10 = Company code currency
B) 00 = Document currency
C) 60 = Global company currency
D) 30 = Group currency
E) 40 = Hard currency
2. Which of the following can you use to explore released APIs?
A) SAP Integration Suite
B) SAP Business Accelerator Hub
C) SAP Application Interface Framework
3. 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) Document splitting
B) Segments
C) Profit centers
D) Profitability segments
E) Business areas
4. You try to create a G/L account but you get an error because the account number is not in the accepted range.
Which object do you need to customize to extend the number range?
A) Tolerance group
B) Account type
C) Chart of accounts
D) Account group
5. The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?
A) The goods receipt needs to be created in reference to the purchase order.
B) The invoice needs to be created in reference to the goods receipt.
C) The purchase order needs to be created in reference to a purchase request.
D) The 3 logistical steps each generate financial documents.
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: B | Question # 3 Answer: B,C,E | Question # 4 Answer: D | Question # 5 Answer: A |
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