SAP C_P2WFI_2023 : 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: Oct 06, 2026     Q & A: 82 Questions and Answers

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SAP C_P2WFI_2023 Exam Syllabus Topics:

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

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

                                  Question #1

                                  The 3-way match is the stard procedure used to post procurement transactions in SAP S/4HAN How does it work?

                                  • A. The goods receipt needs to be created in reference to the purchase order.
                                  • B. The 3 logistical steps each generate financial documents.
                                  • C. The invoice needs to be created in reference to the goods receipt.
                                  • D. The purchase order needs to be created in reference to a purchase request.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #2

                                  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. Reset reverse the clearing document
                                  • B. Reset the clearing document
                                  • C. Reverse the clearing document
                                  • D. Repost the clearing document
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C  🗳️

                                  Question #3

                                  You define the technical clearing account for Integrated Asset Acquisition in Customizing.
                                  Which prerequisites must be met? Note: There are 2 correct answers to this question.

                                  • A. The account is defined as open item managed.
                                  • B. The account is defined as a reconciliation account for fixed assets.
                                  • C. The account is a balance sheet account.
                                  • D. The account is defined in the account determination for each asset class.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C  🗳️

                                  Question #4

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

                                  • A. Via the valuation area
                                  • B. Via the valuation type
                                  • C. Via the valuation class
                                  • D. Via the valuation method
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Correct Answer: B  🗳️

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