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

C-P2WFI-2023

Exam Code: C-P2WFI-2023

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

Updated: Jul 27, 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- Closing Operations
  • 1. Month-end closing activities
    • 2. Year-end closing activities
      - Asset Accounting
      • 1. Asset master data management
        • 2. Asset acquisition and retirement
          • 3. Depreciation calculation
            - Accounts Receivable
            • 1. Incoming payments and clearing
              • 2. Dunning processes
                • 3. Customer master data
                  - General Ledger Accounting
                  • 1. Journal entries and postings
                    • 2. Financial statements and reporting
                      • 3. Chart of accounts and account determination
                        - SAP S/4HANA Finance Integration
                        • 1. Integration with logistics processes
                          • 2. Integration with controlling (CO)
                            - Accounts Payable
                            • 1. Vendor master data
                              • 2. Automatic payment programs
                                • 3. Invoice processing and payments

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

                                  1. On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

                                  A) Customer reconciliation account
                                  B) G/L account
                                  C) Fixed asset number
                                  D) Supplier account


                                  2. When defining a new stard ledger which action must you take to manually post a general journal entry to it?

                                  A) Assign a chart of accounts to the ledger
                                  B) Include the ledger in a ledger group
                                  C) Define the underlying ledger
                                  D) Assign the ledger to a company code


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

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


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


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


                                  Solutions:

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

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