Best Value Available! 2023 Realistic Verified Free C-S4FCC-2021 Exam Questions
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To be eligible to take the SAP C-S4FCC-2021 certification exam, candidates must have a minimum of two years of experience in SAP S/4HANA Finance for Group Reporting. They must also have a good understanding of the basic concepts and principles of financial accounting and reporting. In addition, candidates must have completed the required training courses and have a good understanding of the SAP S/4HANA Finance for Group Reporting solution.
NEW QUESTION # 11
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To acurrency translation adjustment subitem
- B. To the original FS item
- C. To the original subitem
- D. To currency translation adjustment FS item
Answer: D
NEW QUESTION # 12
What do group journal validation and substitution have in common? Note: There are 2 correct answers to this question.
- A. Preconditions
- B. Control levels
- C. Table lookups
- D. Filtering logic
Answer: B,C
NEW QUESTION # 13
From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.
- A. ACDOCP
- B. ACDOCU
- C. ACDOCC
- D. ACDOCA
Answer: B,C
NEW QUESTION # 14
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.
- A. Consolidation method
- B. Input type
- C. Document type
- D. Upload method
Answer: B,C
NEW QUESTION # 15
Your currency translation is not translating opening balances.What setting must be changed?
- A. Selection
- B. Reference rate
- C. Exchange rate indicator
- D. Translation key
Answer: B
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 # 16
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.
- A. To consolidation units
- B. To consolidation groups
- C. To versions
- D. To consolidation ledgers
Answer: A,C
NEW QUESTION # 17
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:
Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
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. 2 records for cost center A are posted and 2 records for cost center B are posted.
- C. 1 record with a blank cost center is posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
Answer: C
NEW QUESTION # 18
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. Subitems
- B. FS items
- C. Consolidation units
- D. Custom fields
Answer: A
Explanation:
Breakdown categories control subitem field values when posting to SAP S/4HANA Finance for group reporting. Subitems are used to provide additional granularity and detail in financial reporting. (Reference: https://help.sap.com/viewer/0fa849c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html) According to the Breakdown Categories document1, breakdown categories classify subassignments that are required for Financial Statement (FS) items to perform consolidation tasks. The following breakdown category fields are supported1:
Partner Unit
Subitem Category
Subitem
Transaction Currency
Unit of Measure
For each FS item, the breakdown category determines which subassignments must be entered1. For example, if an FS item is assigned with breakdown category 1A10, the data records of this FS item must have a subitem category value of 1 (Transaction Type) and a subitem value from the selection S-BC-TT-011.
NEW QUESTION # 19
What table can SAP Group Reporting Data Collection update?
- A. ACDOCP
- B. ACDOCC
- C. ACDOCU
- D. ACDOCA
Answer: C
NEW QUESTION # 20
What dimensions can be used in an intercompany report to provide a consolidation view?
- A. Consolidation unit eliminated
- B. Consolidation unit
- C. Profit center
- D. Profit center eliminated
Answer: A
NEW QUESTION # 21
What field is part of a consolidation group master data record?
- A. Reclassification method
- B. Validation method
- C. Consolidation method
- D. Currency translation method
Answer: B
NEW QUESTION # 22
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.
- A. Prepare for consolidation group change
- B. Calculate net income
- C. Eliminate intercompany
- D. Translate currency
Answer: A,D
NEW QUESTION # 23
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. Video files
- B. URLs
- C. Audio files
- D. Word documents
- E. Excel files
Answer: B,D,E
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. Subitems
- B. Consolidation units
- C. Custom fields
- D. FS items
Answer: A,D
NEW QUESTION # 25
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Single level
- B. Vertical
- C. Horizontal
- D. Circular
Answer: B,C
Explanation:
According to the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam1, the ownership chains that are supported in the equity pickup solution are:
Vertical: A vertical ownership chain is a direct or indirect ownership relationship between two units in the same consolidation group. For example, if unit A owns 80% of unit B, and unit B owns 60% of unit C, then there is a vertical ownership chain from A to C.
Horizontal: A horizontal ownership chain is an ownership relationship between two units that are not in the same consolidation group, but have a common parent unit. For example, if unit A owns 80% of unit B and 70% of unit C, then there is a horizontal ownership chain between B and C.
NEW QUESTION # 26
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. Video files
- B. URLs
- C. Audio files
- D. Word documents
- E. Excel files
Answer: B,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 # 27
What is the best way to run a YTD report?
- A. Use the YTD measure in the report
- B. Configure group reporting to store YTD data
- C. Calculate YTD data in a custom analytical query
- D. Use the period mode selection in the report
Answer: D
NEW QUESTION # 28
Company A purchased 80% of Company B for 80 million in December of 2022. Company B's equity is 50 million.
What accounting entries should be generated when consolidation is run for December of 2022?
Note: There are 2 correct answers to this question.
- A. Debit goodwill 50 million
- B. Debit goodwill 40 million
- C. Credit investment 80 million
- D. Credit investment 64 million
Answer: B,C
NEW QUESTION # 29
What can happen in SAP S/4HANA Finance for group reporting when you release data?
- A. ACDOCP records are copied into group reporting.
- B. ACDOCA records are copied into group reporting.
- C. BSEG records are copied into group reporting.
- D. ACDOCC records are copied into group reporting.
Answer: D
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:
What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- A. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- B. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- C. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- D. Import the ownership percentage change the CGOOE consolidation group
Answer: D
Explanation:
When the ownership percentage for France increases from 75% to 76% in February 2023, you only need to update the CGOOE consolidation group with the new ownership percentage. The other consolidation groups (CGO0A and CGOOW) are not affected by this change and do not need to be updated.
NEW QUESTION # 31
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:
Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
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. 2 records for cost center A are posted and 2 records for cost center B are posted.
- C. 1 record with a blank cost center is posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
Answer: C
NEW QUESTION # 32
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To the original FS item
- B. To a currency translation adjustment subitem
- C. To the original subitem
- D. To currency translation adjustment FS item
Answer: B,D
Explanation:
Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.
NEW QUESTION # 33
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. 1 record with a blank cost center is posted.
- C. 2 records for cost center A are posted and 2 records for cost center B are posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
- E. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
Answer: E
NEW QUESTION # 34
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. ACDOCA records are copied into group reporting.
- C. BSEG records are copied into group reporting.
- D. ACDOCC records are copied into group reporting.
Answer: C,D
NEW QUESTION # 35
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The topics covered in the SAP C-S4FCC-2021 exam include financial closing, consolidation, and reporting processes, as well as the use of SAP S/4HANA Finance for Group Reporting. Participants will be tested on their ability to configure and use SAP S/4HANA Finance for Group Reporting, as well as their understanding of financial accounting principles and concepts.
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