C-S4FCC-2021 Actual Questions Answers PDF 100% Cover Real Exam Questions
C-S4FCC-2021 Exam questions and answers
SAP C_S4FCC_2021 certification exam is designed to test the knowledge and skills of individuals working with SAP S/4HANA Finance for Group Reporting. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam is suitable for professionals who are responsible for implementing and configuring SAP S/4HANA Finance for Group Reporting solutions. The SAP C_S4FCC_2021 certification exam is a comprehensive exam that covers a wide range of topics related to SAP S/4HANA Finance for Group Reporting.
NEW QUESTION # 16
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
- A. Company
- B. Consolidation group
- C. Consolidation unit
- D. Company code
Answer: D
Explanation:
When running intercompany reports from a legal perspective, the "Company code" dimensional hierarchy should be selected. This is because company codes represent the legal entities within the organization and are the basis for external financial reporting.
NEW QUESTION # 17
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To a currency translation adjustment subitem
- B. To the original subitem
- C. To the original FS item
- D. To currency translation adjustment FS item
Answer: C,D
NEW QUESTION # 18
Where do non-historic currency translation adjustments normally post?
Note: There are 2 correct answers to this question.
- A. To a currency translation adjustment FS item
- B. To a currency translation adjustment subitem
- C. To the original subitem
- D. To the original FS item
Answer: A,C
NEW QUESTION # 19
When running reports, what symbol is used to select a blank hierarchy?
- A. @
- B. *
- C. $
- D. #
Answer: D
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the symbol that is used to select a blank hierarchy is #. A blank hierarchy is a hierarchy that does not have any nodes or levels. A blank hierarchy can be used to select all the values of a dimension without any filtering or grouping.
NEW QUESTION # 20
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. Translated data
- B. Standardized data
- C. Released data
- D. Reported data
Answer: A,D
NEW QUESTION # 21
What update modes are possible when performing a flexible upload into SAP S/4HANA Finance for group reporting? Note: There are 2 correct answers to this question.
- A. Overwrite
- B. Merge
- C. Delete
- D. Append
Answer: A,C
NEW QUESTION # 22
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. Audio files
- B. Video files
- C. Excel files
- D. Word documents
- E. URLs
Answer: C,D,E
Explanation:
In SAP S/4HANA Finance for Group Reporting, group journal entries can have attachments such as Excel files, URLs, and Word documents. These attachments can provide additional information and context to the journal entry, making it the underlying transactions (SAP Help Portal: Group Journal Entries)
NEW QUESTION # 23
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 the ACDOCU table
#1 Certification Exam Roadmapai - C. Enable business area as an attribute for consolidation unit
- D. Add business area to a breakdown category
Answer: B
NEW QUESTION # 24
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question
- A. Custom fields
- B. FS items
- C. Consolidation units
- D. Subitems
Answer: B,D
NEW QUESTION # 25
What is the update schedule for SAP Group Reporting Data Collection?
- A. Once a month
- B. Once a year
- C. Twice a year
- D. Twice a month
Answer: A
Explanation:
The update schedule for SAP Group Reporting Data Collection is once a month. This ensures that the data used for group reporting purposes is up-to-date and accurate.
NEW QUESTION # 26
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. Enable business area as an attribute for consolidation unit
- C. Add business area to a breakdown category
- D. Add business area to the ACDOCU table
Answer: D
NEW QUESTION # 27
How are posting levels used?
- A. They determine the level of granularity for balance carry forward.
- B. They determine the level of granularity for data release.
- C. They identify the destination of values.
- D. They identify the origin of values.
Answer: B
NEW QUESTION # 28
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Multiply
- B. Amount
- C. Divide
- D. Quantity
Answer: A,C
NEW QUESTION # 29
What happens when you set the communication status to "Done" in SAP Intercompany Matching and Reconciliation?
- A. Overdue alarms are cleared.
- B. A notification is sent.
- C. Differences are set to zero.
- D. An inbox entry is created.
Answer: A
NEW QUESTION # 30
As of January 2023, your corporation has 3 consolidation groups and 5 consolidation units. In February
2023, the ownership percentage for France was increased from 75% to 76% as shown in the following image:
- A. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- B. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- C. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- D. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- E. Import the ownership percentage change the CGOOE consolidation group
Answer: A
NEW QUESTION # 31
What fields are relevant for consolidation units that come from non-SAP systems?Note: There are 2 correct answers to this question.
- A. Universal journal integration
- B. Source for group currency key figure
- C. Source for local currency key figure
- D. Local currency
Answer: B,C
Explanation:
The fields relevant for consolidation units that come from non-SAP systems include source for group currency key figure and source for local currency key figure1.
NEW QUESTION # 32
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 Cash_node to an FS item
- B. Map the group account 10000000 to an FS item
- C. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- D. Map all 10 cash G/L accounts to one FS item
Answer: C
NEW QUESTION # 33
What must you do in order to release data from a prior period?
- A. Run the Copy Transaction Data app
- B. Change your global parameters
- C. Release data with an offset of -1
- D. Run balance carry forward
Answer: B
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.
NEW QUESTION # 34
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SAP C_S4FCC_2021 exam covers a range of topics related to SAP S/4HANA finance and group reporting. C-S4FCC-2021 exam tests one's knowledge of the SAP S/4HANA finance architecture, financial accounting, management accounting, and group reporting functionalities. It also evaluates one's ability to configure and implement these functionalities in SAP S/4HANA finance.
SAP C-S4FCC-2021 Certification Exam is a globally recognized certification that validates the candidate's knowledge and skills in SAP S/4HANA Finance for Group Reporting. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam measures a candidate's ability to configure, implement, and manage SAP S/4HANA Finance for Group Reporting solutions efficiently. C-S4FCC-2021 exam is designed for individuals who are responsible for implementing SAP S/4HANA Finance for Group Reporting solutions in their organizations.
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