Last C-S4FCC-2021 practice test reviews: Practice Test SAP dumps
Try C-S4FCC-2021 Free Now! Real Exam Question Answers Updated [Nov 01, 2023]
NEW QUESTION # 17
What selection is a required global parameter? There are 2 correct answers to this question
- A. Consolidation unit
- B. Consolidation group
- C. Consolidation chart of accounts
- D. Fiscal year variant
Answer: C,D
NEW QUESTION # 18
What can happen in SAP S/4HANA Finance for group reporting when you release data?
- A. ACDOCC records are copied into group reporting.
- B. BSEG records are copied into group reporting.
- C. ACDOCA records are copied into group reporting.
- D. ACDOCP records are copied into group reporting.
Answer: A
NEW QUESTION # 19
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. Selection for percentage
- B. Sign triggered reclassification
- C. Percentage rate
- D. Percentage complementary
Answer: B
NEW QUESTION # 20
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 40 million
- B. Credit investment 80 million
- C. Credit investment 64 million
- D. Debit goodwill 50 million
Answer: A,B
NEW QUESTION # 21
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Adapt the template to include your own custom fields
- B. Specify the posting level on the header section of the template
- C. Upload multiple journal entries using a single Excel file
- D. Post the journal entry to multiple versions at the same time
- E. Override substitution rules by inputting values in the Excel file
Answer: A,C,D
NEW QUESTION # 22
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. The elimination status is set to closed.
- B. Variance entries are posted.
- C. Elimination entries are posted.
- D. The reconciliation status is set to closed.
Answer: A,B
NEW QUESTION # 23
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.
- A. To versions
- B. To consolidation ledgers
- C. To consolidation units
- D. To consolidation groups
Answer: A,C
NEW QUESTION # 24
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.
- A. Input type
- B. Upload method
- C. Consolidation method
- D. Document type
Answer: B,C
NEW QUESTION # 25
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 currency translation adjustment FS item
- C. To acurrency translation adjustment subitem
- D. To the original subitem
Answer: B,D
NEW QUESTION # 26
What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.
- A. Profit center
- B. Reporting item
- C. Consolidation group
- D. Breakdown category
- E. Consolidation unit
Answer: A,C,E
Explanation:
In SAP S/4HANA Finance for Group Reporting, global accounting hierarchies can use the following master data objects: Consolidation group, Profit center, and Consolidation unit. Consolidation groups are used to define the structure of a group and its subsidiaries. Profit centers help track profit and loss for different business segments. Consolidation units represent legal entities and are assigned to consolidation groups (SAP Help Portal: Group Reporting Master Data).
NEW QUESTION # 27
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. 2 records for cost center A are posted and 2 records for cost center B are posted.
- B. 4 records with a blank cost center 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 # 28
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. Universal journal integration
- D. Source for local currency key figure
Answer: A,D
NEW QUESTION # 29
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Adapt the template to include your own custom fields
- B. Specify the posting level on the header section of the template
- C. Upload multiple journal entries using a single Excel file
- D. Post the journal entry to multiple versions at the same time
- E. Override substitution rules by inputting values in the Excel file
Answer: A,C,E
Explanation:
When using the import group journal entries template, you can override substitution rules by inputting values directly in the Excel file, adapt the template to include your own custom fields, and upload multiple journal entries using a single Excel file. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/1909.002/en-US/5a5d5e7b1c5b4f3d8f5e4d7f60e9e4a3.html
NEW QUESTION # 30
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Vertical
- B. Horizontal
- C. Circular
- D. Single level
Answer: C
NEW QUESTION # 31
How do you configure periodic vs. YTD translation?
- A. Temporal translation difference
- B. Currency translation indicator
- C. Translation key
- D. Reference rate
Answer: B
Explanation:
You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)
NEW QUESTION # 32
What special version do you need to use in order to share ownership relationships?
- A. Structure
- B. Consolidation unit attribute
- C. Extension
- D. Consolidation group attribute
Answer: A
NEW QUESTION # 33
What must you do in order to release data from a prior period?
- A. Run balance carry forward
- B. Change your global parameters
- C. Release data with an offset of -1
- D. Run the Copy Transaction Data app
Answer: A
NEW QUESTION # 34
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. 2 records for cost center A are posted and 2 records for cost center B are posted.
- B. 4 records with a blank cost center 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.
- E. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
Answer: E
NEW QUESTION # 35
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SAP C_S4FCC_2021 certification exam is a valuable certification for individuals who want to validate their expertise 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 is designed to test the candidate's knowledge and skills in financial consolidation, group closing, and financial reporting. Passing C-S4FCC-2021 exam demonstrates that the candidate has the knowledge and skills required to configure and use the SAP S/4HANA Finance for Group Reporting module to meet business requirements.
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