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SAP C-P2WFI-2023

C-P2WFI-2023

Exam Code: C-P2WFI-2023

Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting

Updated: Jul 24, 2026

Q & A: 82 Questions and Answers

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SAP C-P2WFI-2023 Exam Syllabus Topics:

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

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

                                  1. How does the system determine the relevant accounting principle when performing foreign currency valuation?

                                  A) Via the valuation class
                                  B) Via the valuation method
                                  C) Via the valuation area
                                  D) Via the valuation type


                                  2. How would you define Intercompany Matching Reconciliation (ICMR)? Note: There are 2 correct answers to this question.

                                  A) It is a solution that can be integrated with Group Reporting.
                                  B) It is a solution embedded in the SAP S/4HANA core.
                                  C) It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.
                                  D) It is a solution that facilitates transaction matching between systems in Central Finance.


                                  3. You try to assign an alternative account to a G/L account but receive an error message.
                                  What can be the reason?

                                  A) You have not assigned the alternative chart of accounts to your company.
                                  B) The alternative account has not been created for the company code.
                                  C) You have not assigned the alternative chart of accounts to your operational chart of accounts.
                                  D) The alternative account is already assigned to another G/L account for the company code.


                                  4. What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

                                  A) Establish an organizational structure technical foundation transformation methodology for clean core.
                                  B) Define roles responsibilities as part of a process transformation office.
                                  C) Establish regular housekeeping tasks procedures.
                                  D) Integrate clean core practices in the end-to-end value process chain.
                                  E) Establish release management.


                                  5. 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 type
                                  C) Tolerance group
                                  D) Account group


                                  Solutions:

                                  Question # 1
                                  Answer: B
                                  Question # 2
                                  Answer: B,D
                                  Question # 3
                                  Answer: D
                                  Question # 4
                                  Answer: A,B,E
                                  Question # 5
                                  Answer: D

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