Ace SAP C_P2WFI_2023 Certification with Actual Questions Jun 26, 2026 Updated
2026 The Most Effective C_P2WFI_2023 with 82 Questions Answers
NEW QUESTION # 12
On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.
- A. G/L account
- B. Supplier account
- C. Customer reconciliation account
- D. Fixed asset number
Answer: A,B
NEW QUESTION # 13
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 group
- B. Chart of accounts
- C. Tolerance group
- D. Account type
Answer: A
NEW QUESTION # 14
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 FI-GL online in real time.
- 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 periodic posting program has run.
- D. Posting is done in FI-AA in real time in FI-GL once the depreciation posting program has run.
Answer: C
NEW QUESTION # 15
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 allows cross task list monitoring of task status.
- B. It covers multiple companies with same or similar tasks.
- C. It allows cross task list execution of tasks.
- D. It allows cross template maintenance.
Answer: B,D
NEW QUESTION # 16
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.
- A. Contingent Workforce
- B. Travel
- C. Human Capital Management
- D. Sales
- E. Procurement
Answer: A,B,E
NEW QUESTION # 17
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 number of posting periods
- C. The posting periods open for posting
- D. The authorization to post to special periods
Answer: A,B
NEW QUESTION # 18
What are the 3 matory steps of the dunning process in the SAP S/4HANA system? Note: There are 3 correct answers to this question.
- A. Approve the dunning proposal
- B. Schedule the dunning run
- C. Start the dunning printout
- D. Change the dunning proposal
- E. Maintain the parameters of the dunning program
Answer: B,D,E
NEW QUESTION # 19
Where do you assign the currency type?
- A. Accounting principle
- B. Ledger
- C. Company
- D. Valuation area
Answer: B
NEW QUESTION # 20
You want to assign your 3 newly created company codes to the same controlling area.
Which settings must be common to all the company codes? Note: There are 2 correct answers to this question.
- A. Fiscal year variant
- B. Operating chart of accounts
- C. Posting period variant
- D. Source currency for group currency
Answer: A,B
NEW QUESTION # 21
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.
- A. Settlement of an investment order to an asset under construction
- B. Asset transfer posting between asset classes
- C. Valuated goods receipt on a purchase order with an asset as account assignment
- D. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
Answer: C,D
NEW QUESTION # 22
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?
- A. Account statement
- B. Balance request
- C. Balance notification
- D. Balance confirmation
Answer: C
NEW QUESTION # 23
Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. 10 = Company code currency
- B. 30 = Group currency
- C. 20 = Controlling area currency
- D. 00 = Document currency
Answer: A,D
NEW QUESTION # 24
At which level do you define functional areas?
- A. Controlling area
- B. Financial statement version
- C. Company code
- D. Client
Answer: A
NEW QUESTION # 25
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 goods receipt needs to be created in reference to the purchase order.
- C. The purchase order needs to be created in reference to a purchase request.
- D. The invoice needs to be created in reference to the goods receipt.
Answer: B
NEW QUESTION # 26
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. RFC
- B. SOAP
- C. OData
- D. IDoc
Answer: B,C
NEW QUESTION # 27
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
- A. 60 = Global company currency
- B. 00 = Document currency
- C. 10 = Company code currency
- D. 30 = Group currency
- E. 40 = Hard currency
Answer: A,C,D
NEW QUESTION # 28
You want to include multiple company codes in a single payment run.
What are the prerequisites for the company codes?
- A. They must be located in the same country.
- B. They must have the same configuration for payment transactions.
- C. They must all belong to the same company.
- D. They must belong to the same controlling area.
Answer: A
NEW QUESTION # 29
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 # 30
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 posted depreciation completely.
- D. You have not closed the previous fiscal year.
Answer: C
NEW QUESTION # 31
Which date must the system determine when you enter an invoice that needs to be paid?
- A. Baseline date
- B. Payment date
- C. Order date
- D. Reference date
Answer: A
NEW QUESTION # 32
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. Permitted Currencies
- B. Minimum maximum payment amounts
- C. Foreign currency allowed
- D. Payment Medium
Answer: B,C
NEW QUESTION # 33
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. Alternative reconciliation G/L account
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Adjustment G/L account for foreign currency
Answer: D
NEW QUESTION # 34
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 a balance sheet account.
- C. The account is defined in the account determination for each asset class.
- D. The account is defined as a reconciliation account for fixed assets.
Answer: B,D
NEW QUESTION # 35
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. Depreciation area
- B. Chart of Accounts
- C. Account determination
- D. Asset Class
Answer: B,D
NEW QUESTION # 36
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