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

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

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

3. 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) Chart of accounts
B) Account group
C) Account type
D) Tolerance group

4. 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?

A) Document type
B) Assignment
C) Document number
D) Posting key

5. You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?

A) You have not posted depreciation completely.
B) You have not run the settlement for your assets under construction.
C) You have incomplete asset master records.
D) You have not closed the previous fiscal year.

Solutions: