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SAP Certified Application Associate - SAP S/4HANA Cloud public edition - Finance Sample Questions:

1. You have created a new bank account and saved it with status "Inactive".
What action can you perform on the account? Note: There are 2 correct answers to this question.

A) Revert to Active
B) Close the Bank Account
C) Activate the Bank Account
D) Delete the Bank Account

2. Which function of SAP Financial Statement Insight utilizes machine learning?

A) Visualization of account group performance
B) Business exception detection
C) Dynamic adaptation of hierarchical structures
D) Flexible comparisons across multiple characteristics

3. Which technology is used to perform predictive accounting for sales orders in SAP S/4HANA Cloud?

A) Extension ledger
B) Smart contracts
C) Distributed ledger
D) Machine learning

4. When do you perform the goods and invoice receipts reconciliation process?

A) When an invoice is posted, but no relevant purchase order is available
B) When an invoice is posted, but no goods receipt has been received
C) When a purchase order is posted, but no goods receipt has been received
D) When a purchase order is posted, but no invoice has been received

5. What are some responsibilities of a Customer Center of Expertise (CCOE)? Note: There are 3 correct answers to this question

A) Conduct risk-based assessments to determine the value of activating new processes.
B) Determine KPIs that will support a continuous improvement mindset.
C) Serve as a central contact for SAP and manage interactions with the SAP Service Center.
D) Ensure the resources necessary for the project's success are available.
E) Reduce the total cost of ownership for IT.

Solutions: