Start your C_P2WFI_2023 Exam Questions Preparation with Updated 82 Questions [Q20-Q43]

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Start your C_P2WFI_2023 Exam Questions Preparation with Updated 82 Questions

A Fully Updated 2026 C_P2WFI_2023 Exam Dumps – PDF Questions and Testing Engine

SAP C_P2WFI_2023 Exam Syllabus Topics:

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

Section

Objectives

Financial Accounting in SAP S/4HANA Cloud Private Edition

– SAP S/4HANA Finance Integration

1. Integration with logistics processes
2. Integration with controlling (CO)

– Asset Accounting

1. Depreciation calculation
2. Asset master data management
3. Asset acquisition and retirement

– Accounts Receivable

1. Customer master data
2. Incoming payments and clearing
3. Dunning processes

– General Ledger Accounting

1. Chart of accounts and account determination
2. Journal entries and postings
3. Financial statements and reporting

– Accounts Payable

1. Invoice processing and payments
2. Vendor master data
3. Automatic payment programs

– Closing Operations

1. Month-end closing activities
2. Year-end closing activities

Q20. Which of the following objects is only a statistical account assignment for cost postings to an asset?

Profit center

Internal order

Cost center

WBS element

Q21. Where can you see the matching results from the Intercompany Matching Reconciliation tool?

In the Consolidation Journal table (ACDOCU)

In the Universal Journal table (ACDOCA)

In the Accounting Document Segment table (BSEG)

In an application specific table (ICADOCM)

Q22. 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.

Purchase of raw materials for inventory

Purchase of fixed assets (using direct capitalization method)

Purchase of services

Purchase of consumable materials

Q23. You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?

You have incomplete asset master records.

You have not closed the previous fiscal year.

You have not posted depreciation completely.

You have not run the settlement for your assets under construction.

Q24. What can you achieve with the legacy data transfer in Asset Accounting via transaction AS91?

Setting the company code status for legacy data transfer

Creation of master data

Posting the summary write off in G/L

Posting of take over values

Q25. 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?

Individual supplier accounts with special G/L indicator

Adjustment G/L account for foreign currency

Alternative reconciliation G/L account

Supplier reconciliation G/L account

Q26. Where do you assign the group chart of accounts?

Company code

Operating chart of accounts

Company

General ledger account

Q27. What do you configure for regrouping receivables payables?

Provision Method

Calculation Method

Valuation Method

Sort Method

Q28. 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.

The credit memo was entered in Financial Accounting.

The credit memo was created without reference to an invoice.

The field “Reference” of the credit memo is blank.

The due date determined based on the entered payment terms is in the past.

Q29. In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.

Asset transfer posting between asset classes

Settlement of an investment order to an asset under construction

Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

Valuated goods receipt on a purchase order with an asset as account assignment

Q30. Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?

Does not post to G/L

Posts to G/L in real time

Posts APC real time depreciation periodically

Posts to G/L periodically

Q31. What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answers to this question.

The segment is automatically updated in existing asset master data.

The segment appears in the screen layout for asset master data.

The segment appears in the additional account assignment configuration.

The segment activation can be reversed.

Q32. Where do you assign the currency type?

Accounting principle

Valuation area

Company

Ledger

Q33. As a pre-closing activity selected suppliers are to confirm their balances.
Which confirmation procedure do you use when a response is expected only in case of discrepancies?

Account statement

Balance notification

Balance request

Balance confirmation

Q34. 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?

Q35. The SAP Business Network helps customers digitalize cross-company business processes.
On which solutions does the network build? Note: There are 3 correct answers to this question.

Contingent Workforce

Travel

Human Capital Management

Procurement

Sales

Q36. You post a vendor invoice for asset acquisition without reference to a purchase order.
Which accounting documents are generated?

One document per accounting principle

One document for all accounting principles

One document per accounting principle & one document for all accounting principles

Separate documents for each every accounting principle

Q37. Which SAP Fiori apps can be run on any database? Note: There are 2 correct answers to this question.

Make Bank Transfers

Customer Accounting Document

Manage Chart of Accounts

Accounts Payable Overview

Q38. Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correct answers to this question.

Stard inventory method

Continuous inventory method

Periodic inventory method

Actual inventory method

Cycle counting method

Q39. Which model can be used for ABAP cloud-native development?

The ABAP Cloud Development Model

ABAP RESTful Application Programming Model

The SAP S/4HANA Cloud Extensibility Model

Q40. Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

Balance valuation on items for balance sheet accounts not defined as open item management

Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

Line item valuation for balance sheet accounts defined as open item management

Line item valuation for balance sheet accounts not defined as reconciliation account

Q41. 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.

The account is a balance sheet account.

The account is defined as open item managed.

The account is defined in the account determination for each asset class.

The account is defined as a reconciliation account for fixed assets.

Q42. You run a financial statement report notice the net profit calculated is different than what you expect.
What could cause the issue? Note: There are 2 correct answers to this question.

You have added an account to the wrong node it is included in the assets section.

You have added an account to the liabilities node that belongs to the financial statement notes.

You have accounts that you have not assigned in the financial statement version.

You selected account group assignment by balance for an account it is displayed as a liability.

Q43. What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question.

Establish regular housekeeping tasks procedures.

Establish an organizational structure technical foundation transformation methodology for clean core.

Define roles responsibilities as part of a process transformation office.

Establish release management.

Integrate clean core practices in the end-to-end value process chain.

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