SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting : C-P2WFI-2023

Pass C-P2WFI-2023 Exam Cram

Exam Code: C-P2WFI-2023

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

Updated: Aug 15, 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- SAP S/4HANA Finance Integration
  • 1. Integration with controlling (CO)
    • 2. Integration with logistics processes
      - Asset Accounting
      • 1. Asset master data management
        • 2. Depreciation calculation
          • 3. Asset acquisition and retirement
            - Accounts Receivable
            • 1. Dunning processes
              • 2. Customer master data
                • 3. Incoming payments and clearing
                  - Closing Operations
                  • 1. Month-end closing activities
                    • 2. Year-end closing activities
                      - Accounts Payable
                      • 1. Vendor master data
                        • 2. Invoice processing and payments
                          • 3. Automatic payment programs
                            - General Ledger Accounting
                            • 1. Chart of accounts and account determination
                              • 2. Financial statements and reporting
                                • 3. Journal entries and postings
                                  SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions:

                                  1. What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.

                                  A) It must always post in real time.
                                  B) It cannot take over values from other areas.
                                  C) It must be linked to leading ledger OL.
                                  D) It must be defined as a cost accounting valuation area type.


                                  2. You are implementing the Financial Closing Cockpit for your organization.
                                  What are the advantages of defining task groups? Note: There are 2 correct answers to this question.

                                  A) It covers multiple companies with same or similar tasks.
                                  B) It allows cross task list execution of tasks.
                                  C) It allows cross template maintenance.
                                  D) It allows cross task list monitoring of task status.


                                  3. You post an incoming payment from a customer with a residual item for a payment difference.
                                  What are the consequences? Note: There are 2 correct answers to this question.

                                  A) Both the original open item the residual item remain on the account as open items.
                                  B) The residual item is written off to a cost account.
                                  C) The residual item becomes a new receivable.
                                  D) The original document the payment are cleared.


                                  4. You have cleared a customer open item but want to undo this action.
                                  What are the available options? Note: There are 2 correct answers to this question.

                                  A) Reverse the clearing document
                                  B) Reset reverse the clearing document
                                  C) Repost the clearing document
                                  D) Reset the clearing document


                                  5. You define payment methods.
                                  Which parameters do you define on the level of the company code? Note: There are 2 correct answers to this question.

                                  A) Minimum maximum payment amounts
                                  B) Payment Medium
                                  C) Foreign currency allowed
                                  D) Permitted Currencies


                                  Solutions:

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

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