Get Instant Access to C-P2WFI-2023 Practice Exam Questions [Q40-Q60]

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SAP C-P2WFI-2023 Exam Syllabus Topics:

Section	Objectives
Financial Accounting in SAP S/4HANA Cloud Private Edition	– Accounts Payable 1. Automatic payment programs 2. Invoice processing and payments 3. Vendor master data – Asset Accounting 1. Asset master data management 2. Depreciation calculation 3. Asset acquisition and retirement – General Ledger Accounting 1. Journal entries and postings 2. Financial statements and reporting 3. Chart of accounts and account determination – SAP S/4HANA Finance Integration 1. Integration with logistics processes 2. Integration with controlling (CO) – Accounts Receivable 1. Incoming payments and clearing 2. Customer master data 3. Dunning processes – Closing Operations 1. Month-end closing activities 2. Year-end closing activities

Section

Objectives

Financial Accounting in SAP S/4HANA Cloud Private Edition

– Accounts Payable

1. Automatic payment programs
2. Invoice processing and payments
3. Vendor master data

– Asset Accounting

1. Asset master data management
2. Depreciation calculation
3. Asset acquisition and retirement

– General Ledger Accounting

1. Journal entries and postings
2. Financial statements and reporting
3. Chart of accounts and account determination

– SAP S/4HANA Finance Integration

1. Integration with logistics processes
2. Integration with controlling (CO)

– Accounts Receivable

1. Incoming payments and clearing
2. Customer master data
3. Dunning processes

– Closing Operations

1. Month-end closing activities
2. Year-end closing activities

NO.40 Which date must the system determine when you enter an invoice that needs to be paid?

Order date

Payment date

Reference date

Baseline date

NO.41 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.

Account currency

Account number

Field status group

Sort key

NO.42 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.

The account is a balance sheet account.

The account is defined as open item managed.

The account is defined in the account determination for each asset class.

The account is defined as a reconciliation account for fixed assets.

NO.43 Which model can be used for ABAP cloud-native development?

The ABAP Cloud Development Model

ABAP RESTful Application Programming Model

The SAP S/4HANA Cloud Extensibility Model

NO.44 You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters “balance sheet” “identical” active.
What are the consequences? Note: There are 2 correct answers to this question.

The WBS Element is available for input in the asset master record.

The WBS Element from the asset master data can be changed during planned depreciation posting.

The WBS Element can no longer be changed in the asset master record once the asset is capitalized.

The WBS Element cannot be used anymore for settlement.

NO.45 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.

Profitability segments

Document splitting

Segments

Profit centers

Business areas

NO.46 What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answers to this question.

The segment is automatically updated in existing asset master data.

The segment appears in the screen layout for asset master data.

The segment appears in the additional account assignment configuration.

The segment activation can be reversed.

NO.47 What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

It must be linked to leading ledger OL.

It cannot take over values from other areas.

It must always post in real time.

It must be defined as a cost accounting valuation area type.

NO.48 You are posting a general journal entry for your company code. After posting the entry you notice the document number is in the wrong number range.
After reversing the document what do you need to change when reposting the document?

Assignment

Document number

Posting key

Document type

NO.49 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 purchase order has a goods receipt an invoice receipt with the same quantity values.

A purchase order has a goods receipt an invoice receipt with the same quantity but with different values.

A purchase order has a partial goods receipt for which we have not yet received an invoice.

A purchase order has a partial invoice receipt but not yet a goods receipt.

NO.50 Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.

Group account number

Short text

Alternative account number

Field status group

Account group

NO.51 SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA? Note: There are 3 correct answers to this question.

Primary costs resulting from a distribution

Secondary costs resulting from an assessment

Intercompany postings

Budgeted costs for a cost center

Plan depreciation amounts

NO.52 On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? Note: There are 2 correct answers to this question.

Account determination

Chart of Accounts

Depreciation area

Asset Class

NO.53 You need to explain the concept of noted items in SAP S/4HAN
Which characteristics are specific to noted items? Note: There are 3 correct answers to this question.

They can be accessed by the payment program the dunning program.

They are managed as open items on customer vendor accounts.

They generate statistical postings.

They generate postings that do not balance.

They update the general ledger in Entry View only.

NO.54 You have made an agreement with a customer to guarantee an amount of EUR 10000.
What is the result of recording this guarantee in SAP S/4HANA?

Two statistical line items

Two noted items

One noted item

One statistical line item

NO.55 You notice that in the entry view of a document you have fewer items than in the general ledger view.
What is the reason for this?

The sub-ledger accounts are shown in details in the general ledger view.

An extension ledger has been configured.

Document splitting has been activated.

The sales tax is posted in details in the general ledger view.

NO.56 At which levels can the print program its variant be assigned to the correspondence type? Note: There are 2 correct answers to this question.

System

Company

Client

Company code

NO.57 You post a vendor invoice for asset acquisition without reference to a purchase order.
Which accounting documents are generated?

One document per accounting principle

One document for all accounting principles

One document per accounting principle & one document for all accounting principles

Separate documents for each every accounting principle

NO.58 On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

Customer reconciliation account

Fixed asset number

G/L account

Supplier account

NO.59 Which of the following objects is only a statistical account assignment for cost postings to an asset?

Profit center

Internal order

Cost center

WBS element

NO.60 Which of the following can you use to explore released APIs?

SAP Application Interface Framework

SAP Business Accelerator Hub

SAP Integration Suite

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SAP C-P2WFI-2023 Exam Syllabus Topics:

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