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

1. What separates the leading ledger from other parallel stard ledgers?

A) It is used for performing segment reporting.
B) It is used to represent the group valuation.
C) It doesn't derive values from other ledgers.
D) It is assigned to all company codes.

2. 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) Profitability segments
B) Segments
C) Business areas
D) Profit centers
E) Document splitting

3. Which object is used to directly support the preparation for consolidation?

A) Ledgers/Ledger Groups
B) Company/Trading Partner
C) Segments/Profit Centers
D) Functional Areas

4. 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.

A) The WBS Element cannot be used anymore for settlement.
B) The WBS Element is available for input in the asset master record.
C) The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
D) The WBS Element from the asset master data can be changed during planned depreciation posting.

5. Your company based in France has a permanent establishment in Switzerl where financial statements are required by law.
Which organizational unit do you need to create for the permanent establishment in Switzerl?

A) Profit center
B) Segment
C) Business area
D) Company code

Solutions: