C_P2WFI_2023 Exam Practice Questions prepared by SAP Professionals
Use Valid New C_P2WFI_2023 Questions - Top choice Help You Gain Success
NEW QUESTION # 16
You post a vendor invoice for asset acquisition without reference to a purchase order.
Which accounting documents are generated?
- A. One document for all accounting principles
- B. Separate documents for each every accounting principle
- C. One document per accounting principle
- D. One document per accounting principle & one document for all accounting principles
Answer: A
NEW QUESTION # 17
From which G/L account types are values shown in the profit loss (P&L) statement? Note: There are 3 correct answers to this question.
- A. Cash Account
- B. Non-operating Expense or Income
- C. Secondary Costs
- D. Primary Costs or Revenue
- E. Balance Sheet Account
Answer: B,C,D
NEW QUESTION # 18
Your company based in France has a permanent establishment in Switzerl where financial statements are required by law.
Which organizational unit do you need to create for the permanent establishment in Switzerl?
- A. Profit center
- B. Company code
- C. Business area
- D. Segment
Answer: B
NEW QUESTION # 19
When defining a new stard ledger which action must you take to manually post a general journal entry to it?
- A. Define the underlying ledger
- B. Assign the ledger to a company code
- C. Assign a chart of accounts to the ledger
- D. Include the ledger in a ledger group
Answer: B
NEW QUESTION # 20
You post an unplanned depreciation to an asset.
What is the effect on FI-AA FI-GL?
- A. Posting is done in FI-AA in real time in FI-GL once the periodic posting program has run.
- B. Posting is not done in FI-AA in FI-GL until the depreciation posting program has run.
- C. Posting is done in FI-AA in real time in FI-GL once the depreciation posting program has run.
- D. Posting is done in FI-AA in FI-GL online in real time.
Answer: A
NEW QUESTION # 21
Which of the following objects is only a statistical account assignment for cost postings to an asset?
- A. Cost center
- B. Profit center
- C. Internal order
- D. WBS element
Answer: C
NEW QUESTION # 22
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.
- A. Determine the exchange rate type
- B. Define the posting reversal date for the valuation posting
- C. Define the valuation procedure
- D. Determine the G/L accounts for the valuation posting
- E. Define the document type for the valuation posting
Answer: A,C,E
NEW QUESTION # 23
Which SAP Fiori apps can be run on any database? Note: There are 2 correct answers to this question.
- A. Manage Chart of Accounts
- B. Customer Accounting Document
- C. Accounts Payable Overview
- D. Make Bank Transfers
Answer: A,D
NEW QUESTION # 24
You want to post depreciation costs of one asset to two cost centers.
How do you do this?
- A. You assign two real cost centers in the asset master data.
- B. You assign a statistical order in the asset master data which you settle periodically to two cost centers.
- C. You assign a real internal order in the asset master data which you settle periodically to two cost centers.
- D. You assign a real cost center a statistical cost center in the asset master data.
Answer: C
NEW QUESTION # 25
At which levels can the print program its variant be assigned to the correspondence type? Note: There are 2 correct answers to this question.
- A. System
- B. Company
- C. Client
- D. Company code
Answer: A,D
NEW QUESTION # 26
Where do you assign the currency type?
- A. Accounting principle
- B. Company
- C. Valuation area
- D. Ledger
Answer: D
NEW QUESTION # 27
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?
- A. Posts to G/L periodically
- B. Posts to G/L in real time
- C. Posts APC real time depreciation periodically
- D. Does not post to G/L
Answer: A
NEW QUESTION # 28
At which level do you define functional areas?
- A. Client
- B. Company code
- C. Controlling area
- D. Financial statement version
Answer: C
NEW QUESTION # 29
You are entering a credit memo in Financial Accounting are wondering why the entered payment terms are being ignored.
What are the reasons? Note: There are 2 correct answers to this question.
- A. The due date determined based on the entered payment terms is in the past.
- B. The credit memo was entered in Financial Accounting.
- C. The credit memo was created without reference to an invoice.
- D. The field "Reference" of the credit memo is blank.
Answer: B,C
NEW QUESTION # 30
Which component of the Intelligent Enterprise allows customers to discover deploy vertical solutions from SAP partners?
- A. Business Network
- B. Experience Management
- C. Intelligent Suite
- D. Industry Cloud
Answer: D
NEW QUESTION # 31
You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your S S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?
- A. 0
- B. 1
- C. 01
- D. 05
Answer: A
NEW QUESTION # 32
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
Answer: C
NEW QUESTION # 33
What are some features of SAP Business Technology Platform? Note: There are 2 correct answers to this question.
- A. It supports application development integration.
- B. It provides data management analytics.
- C. It helps customers to collaborate to build flexible value chains.
- D. It supports customers in understing their stakeholder's needs.
Answer: A,B
NEW QUESTION # 34
You want to implement purchase order accruals in SAP S/4HAN
Which of the following use cases are relevant? Note: There are 2 correct answers to this question.
- A. Purchase of raw materials for inventory
- B. Purchase of fixed assets (using direct capitalization method)
- C. Purchase of services
- D. Purchase of consumable materials
Answer: B,C
NEW QUESTION # 35
What separates the leading ledger from other parallel stard ledgers?
- A. It is used for performing segment reporting.
- B. It is used to represent the group valuation.
- C. It is assigned to all company codes.
- D. It doesn't derive values from other ledgers.
Answer: D
NEW QUESTION # 36
The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?
- A. The 3 logistical steps each generate financial documents.
- B. The invoice needs to be created in reference to the goods receipt.
- C. The goods receipt needs to be created in reference to the purchase order.
- D. The purchase order needs to be created in reference to a purchase request.
Answer: C
NEW QUESTION # 37
You notice that the GR/IR account does not have a zero balance.
What could be the cause? Note: There are 2 correct answers to this question.
- A. A purchase order has a partial goods receipt for which we have not yet received an invoice.
- B. A purchase order has a goods receipt an invoice receipt with the same quantity but with different values.
- C. A purchase order has a partial invoice receipt but not yet a goods receipt.
- D. A purchase order has a goods receipt an invoice receipt with the same quantity values.
Answer: A,B
NEW QUESTION # 38
What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.
- A. Establish release management.
- B. Establish an organizational structure technical foundation transformation methodology for clean core.
- C. Establish regular housekeeping tasks procedures.
- D. Define roles responsibilities as part of a process transformation office.
- E. Integrate clean core practices in the end-to-end value process chain.
Answer: A,B,D
NEW QUESTION # 39
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. Account type
- B. Chart of accounts
- C. Account group
- D. Tolerance group
Answer: C
NEW QUESTION # 40
Which date must the system determine when you enter an invoice that needs to be paid?
- A. Payment date
- B. Baseline date
- C. Order date
- D. Reference date
Answer: B
NEW QUESTION # 41
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