SAP C_P2WFI_2023 real exam prep : SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting

  • Exam Code: C_P2WFI_2023
  • Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting
  • Updated: Sep 26, 2026
  • Q&As: 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 Receivable
  • 1. Incoming payments and clearing
    • 2. Dunning processes
      • 3. Customer master data
        - Closing Operations
        • 1. Month-end closing activities
          • 2. Year-end closing activities
            - Asset Accounting
            • 1. Depreciation calculation
              • 2. Asset acquisition and retirement
                • 3. Asset master data management
                  - SAP S/4HANA Finance Integration
                  • 1. Integration with controlling (CO)
                    • 2. Integration with logistics processes
                      - General Ledger Accounting
                      • 1. Financial statements and reporting
                        • 2. Journal entries and postings
                          • 3. Chart of accounts and account determination
                            - Accounts Payable
                            • 1. Automatic payment programs
                              • 2. Invoice processing and payments
                                • 3. Vendor master data

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

                                  Question #1

                                  What does the fiscal year variant define? Note: There are 2 correct answers to this question.

                                  • A. The start end date of posting periods
                                  • B. The posting periods open for posting
                                  • C. The authorization to post to special periods
                                  • D. The number of posting periods
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,D  🗳️

                                  Question #2

                                  You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting should then be reversed.
                                  What account does the system use to post the valuation differences?

                                  • A. Supplier reconciliation G/L account
                                  • B. Individual supplier accounts with special G/L indicator
                                  • C. Adjustment G/L account for foreign currency
                                  • D. Alternative reconciliation G/L account
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  You want to include multiple company codes in a single payment run.
                                  What are the prerequisites for the company codes?

                                  • A. They must be located in the same country.
                                  • B. They must all belong to the same company.
                                  • C. They must belong to the same controlling area.
                                  • D. They must have the same configuration for payment transactions.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #4

                                  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.

                                  • A. They generate statistical postings.
                                  • B. They generate postings that do not balance.
                                  • C. They are managed as open items on customer vendor accounts.
                                  • D. They can be accessed by the payment program the dunning program.
                                  • E. They update the general ledger in Entry View only.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,C  🗳️

                                  Question #5

                                  Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting.
                                  Which organizational unit do you need to define?

                                  • A. Segment
                                  • B. Business area
                                  • C. Profit center
                                  • D. Functional area
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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