[UPDATED May-2026] Best Value Available Preparation Guide for C_P2WFI_2023 Exam
1 Full C_P2WFI_2023 Practice Test and 82 Unique Questions, Get it Now!
NEW QUESTION # 26
Which parameters can you configure on the dunning level? Note: There are 2 correct answers to this question.
- A. Days in arrears
- B. Payment deadline
- C. Line item grace period
- D. Interest indicator
Answer: A,B
NEW QUESTION # 27
You are implementing the Financial Closing Cockpit for your organization.
What are the advantages of defining task groups? Note: There are 2 correct answers to this question.
- A. It covers multiple companies with same or similar tasks.
- B. It allows cross task list monitoring of task status.
- C. It allows cross template maintenance.
- D. It allows cross task list execution of tasks.
Answer: A,C
NEW QUESTION # 28
When defining a new stard ledger which action must you take to manually post a general journal entry to it?
- A. Include the ledger in a ledger group
- B. Assign the ledger to a company code
- C. Define the underlying ledger
- D. Assign a chart of accounts to the ledger
Answer: B
NEW QUESTION # 29
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 becomes a new receivable.
- B. Both the original open item the residual item remain on the account as open items.
- C. The residual item is written off to a cost account.
- D. The original document the payment are cleared.
Answer: A,B
NEW QUESTION # 30
You have made an agreement with a customer to guarantee an amount of EUR 10000.
What is the result of recording this guarantee in SAP S/4HANA?
- A. One noted item
- B. Two statistical line items
- C. Two noted items
- D. One statistical line item
Answer: D
NEW QUESTION # 31
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?
- A. Posts to G/L in real time
- B. Posts APC real time depreciation periodically
- C. Does not post to G/L
- D. Posts to G/L periodically
Answer: D
NEW QUESTION # 32
Which of the following API types does SAP recommend to use to achieve clean core integrations? Note: There are 2 correct answers to this question.
- A. OData
- B. SOAP
- C. IDoc
- D. RFC
Answer: A,B
NEW QUESTION # 33
On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question.
- A. Company code
- B. Client
- C. Chart of depreciation
- D. Chart of accounts
Answer: C,D
NEW QUESTION # 34
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. Reverse the clearing document
- B. Reset reverse the clearing document
- C. Reset the clearing document
- D. Repost the clearing document
Answer: A,B
NEW QUESTION # 35
Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question.
- A. Group account number
- B. Field status group
- C. Account group
- D. Short text
- E. Alternative account number
Answer: A,C,D
NEW QUESTION # 36
How are pages assigned to users on the SAP Fiori Launchpad?
- A. Via spaces assigned to business roles which are assigned to users
- B. Directly to business roles which are assigned to users
- C. Via sections assigned to business roles which are assigned to users
- D. Via groups assigned to business roles which are assigned to users
Answer: A
NEW QUESTION # 37
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. Business area
- B. Profit center
- C. Company code
- D. Segment
Answer: C
NEW QUESTION # 38
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. 01
- B. 05
- C. 0
- D. 1
Answer: D
NEW QUESTION # 39
Your company follows IFRS accounting principles needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".
What do you need to achieve segment reporting in this scenario? Note: There are 3 correct answers to this question.
- A. Segments
- B. Profitability segments
- C. Document splitting
- D. Business areas
- E. Profit centers
Answer: A,D,E
NEW QUESTION # 40
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.
- A. The special G/L indicator for the down payment
- B. The document type of the payment
- C. The exclusion of disputed residual items from credit limit checks
- D. The type of payment notice sent to a customer
- E. The account where a residual item is posted
Answer: C,D,E
NEW QUESTION # 41
Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.
- A. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management
- B. Line item valuation for balance sheet accounts not defined as reconciliation account
- C. Line item valuation for balance sheet accounts defined as open item management
- D. Balance valuation on items for balance sheet accounts not defined as open item management
Answer: B,C
NEW QUESTION # 42
You post a vendor invoice for asset acquisition without reference to a purchase order.
Which accounting documents are generated?
- A. Separate documents for each every accounting principle
- B. One document for all accounting principles
- C. One document per accounting principle
- D. One document per accounting principle & one document for all accounting principles
Answer: B
NEW QUESTION # 43
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. Adjustment G/L account for foreign currency
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Alternative reconciliation G/L account
Answer: A
NEW QUESTION # 44
Which of the following objects is only a statistical account assignment for cost postings to an asset?
- A. WBS element
- B. Profit center
- C. Internal order
- D. Cost center
Answer: C
NEW QUESTION # 45
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
Answer: A,D
NEW QUESTION # 46
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?
- A. You have incomplete asset master records.
- B. You have not run the settlement for your assets under construction.
- C. You have not closed the previous fiscal year.
- D. You have not posted depreciation completely.
Answer: D
NEW QUESTION # 47
On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? Note: There are 2 correct answers to this question.
- A. Account determination
- B. Depreciation area
- C. Asset Class
- D. Chart of Accounts
Answer: C,D
NEW QUESTION # 48
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