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The SAP C_S4FCC_2021 certification exam is designed for professionals who want to demonstrate their expertise in SAP S/4HANA Finance for Group Reporting. This certification exam validates the candidate's knowledge and skills in managing financial data in SAP S/4HANA, including group reporting, consolidation, and intercompany processing. The exam is intended for application associates who have one year of experience in SAP S/4HANA Finance for Group Reporting.
NEW QUESTION # 48
In your rule-based consolidation of investments method, you need to book an amount that is calculated by multiplying by1 minus the ownership percentage. What field would you use?
- A. Percentage complementary
- B. Percentage rate
- C. Selection for percentage
- D. Sign triggered reclassification
Answer: A
Explanation:
The field "Percentage complementary" is used to calculate the amount by multiplying by 1 minus the ownership percentage in the rule-based consolidation of investments method.
NEW QUESTION # 49
Which version stores only delta amounts?
- A. Standard version
- B. Extension version
- C. Group currency extension version
- D. Planning version
Answer: D
Explanation:
https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4ebf1502064b406c964b0911adfb3f01/c27c73226dac4e07ac8aa59a45f92fd8.html
NEW QUESTION # 50
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To the original subitem
- B. To currency translation adjustment FS item
- C. To the original FS item
- D. To acurrency translation adjustment subitem
Answer: A,B
NEW QUESTION # 51
In order to use a new validation method, what task IDs are used when assigning the methods to consolidation units?
Note: There are 2 correct answers to this question.
- A. Released data
- B. Standardized data
- C. Translated data
- D. Reported data
Answer: C
NEW QUESTION # 52
What are the required settings for the elimination of intercompany profit in inventory method?
Note: There are 2 correct answers to this question.
- A. Partner inclusion
- B. Percentage periodic
- C. Selection of percentages
- D. Percent from partner
Answer: B,C
NEW QUESTION # 53
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.
- A. Source for group currency key figure
- B. Local currency
- C. Source for local currency key figure
- D. Universal journal integration
Answer: A,C
NEW QUESTION # 54
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an SAP Fiori app for an embedded story
- B. Use an SAP Fiori app to launch SAP Analytics Cloud
- C. Use a live connection
- D. Use an import connection
Answer: C
NEW QUESTION # 55
Your currency translation is not translating opening balances.What setting must be changed?
- A. Reference rate
- B. Selection
- C. Exchange rate indicator
- D. Translation key
Answer: A
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take place.
NEW QUESTION # 56
What are the SAP Group Reporting Data Collection mappings based on?
- A. Data collection methods
- B. CSV Files
- C. Excel Files
- D. Data collection configuration tables
Answer: A
NEW QUESTION # 57
What must you do in order to release data from a prior period?
- A. Change your global parameters
- B. Run balance carry forward
- C. Run the Copy Transaction Data app
- D. Release data with an offset of -1
Answer: B
NEW QUESTION # 58
What can happen in SAP S/4HANA Finance for group reporting when you release data?
Note: There are 2 correct answers to this question.
- A. ACDOCP records are copied into group reporting.
- B. ACDOCC records are copied into group reporting.
- C. ACDOCA records are copied into group reporting.
- D. BSEG records are copied into group reporting.
Answer: B,C
Explanation:
When you release data in SAP S/4HANA Finance for group reporting, ACDOCC (Consolidation) records and ACDOCA (Universal Journal) records are copied into group reporting. ACDOCP (Planning) and BSEG (Accounting Document Segment) records are not copied into group reporting.
NEW QUESTION # 59
What can be attached to a group journal entry?
Note: There are 3 correct answers to this question.
- A. Audio files
- B. URLs
- C. Word documents
- D. Excel files
- E. Video files
Answer: B,C,D
NEW QUESTION # 60
Your consolidation monitor is missing the group share calculation task. How could you correct the issue?
Note: There are 2 correct answers to this question.
- A. Change a task group
- B. Add a custom task based on an API
- C. Add a custom task based on a BAdI
- D. Assign a different task group to your version
Answer: A,D
Explanation:
To correct the issue of a missing group share calculation task in the consolidation monitor, you can either change the task group (option B) or assign a different task group to your version (option C). Both of these options will allow you to include the missing task in the consolidation monitor.
NEW QUESTION # 61
When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?
- A. The data validation task
- B. Selected FS items for automatic posting
- C. The calc net income task
- D. Selection objects
Answer: A
NEW QUESTION # 62
When running reports, what symbol is used to select a blank hierarchy?
- A. $
- B. *
- C. @
- D. #
Answer: A
NEW QUESTION # 63
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Vertical
- B. Single level
- C. Horizontal
- D. Circular
Answer: D
NEW QUESTION # 64
In SAP S/4HANA you have ten cash G/L accounts that belong to one G/L account hierarchy node and one group account as shown in the following table.
What is the recommended way to summarize the cash accounts into SAP S/4HANA Finance for group reporting?
- A. Map the group account 10000000 to an FS item
- B. Map all 10 cash G/L accounts to one FS item
- C. Map the Cash_node to an FS item
- D. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
Answer: D
NEW QUESTION # 65
What tasks must be run before the activity based investment & equity elimination?
Note: There are 2 correct answers to this question.
- A. Calculate net income
- B. Run total divestiture
- C. Calculate group share
- D. Run intercompany elimination
Answer: A,C
NEW QUESTION # 66
What can be left blank in a group journal entry substitution rule?
- A. Rule Name
- B. Precondition
- C. Description
- D. Substitution
Answer: B
Explanation:
In a group journal entry substitution rule, the precondition can be left blank. A precondition is used to define the specific circumstances under which a substitution should be applied. If it is left blank, the substitution will be applied to all relevant journal entries without any restriction.
NEW QUESTION # 67
What FS item types can you use in SAP S/4HANA Finance for group reporting?
Note: There are 3 correct answers to this question.
- A. Statistical
- B. Asset
- C. Reporting
- D. Profit & Loss
- E. Balance sheet
Answer: A,D,E
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, FS item types that you can use in SAP S/4HANA Finance for group reporting are:
Balance sheet: An FS item type that represents a balance sheet item, such as assets, liabilities or equity. Balance sheet items are carried forward from one period to another and are translated using historical or current rates depending on their balance type.
Profit & Loss: An FS item type that represents an income statement item, such as revenue, expense or net income. Profit & loss items are not carried forward from one period to another and are translated using average or current rates depending on their balance type.
Statistical: An FS item type that represents a statistical item, such as variances or differences between debit and credit balances. Statistical items do not affect the balance sheet total or net income and are not translated.
NEW QUESTION # 68
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Company
- B. Profit center
- C. Segment
- D. Company code
Answer: B,C
NEW QUESTION # 69
You have 2 records in acdoca with cost center A and 2 records with cost center B. All 4 records are for the same legal entity:
What happens to the cost center field in group reporting when the data is released?
- A. 4 records with a blank cost center are posted.
- B. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
- C. 1 record with a blank cost center is posted.
- D. 2 records for cost center A are posted and 2 records for cost center B are posted.
- E. 1 record for cost center A is posted and 1 record for cost center B is posted.
Answer: B
NEW QUESTION # 70
When booking group journal entries your customer needs to record values by business area, but it isn't available in the Post Group Journal Entries app. What must you do?
- A. Enable business area for input
- B. Add business area to a breakdown category
- C. Enable business area as an attribute for consolidation unit
- D. Add business area to the ACDOCU table
Answer: B
Explanation:
To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.
NEW QUESTION # 71
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