VALID C_S4FCC_2021 Exam Dumps For Certification Exam Preparation
C_S4FCC_2021 Dumps PDF 2023 Strategy Your Preparation Efficiently
SAP C_S4FCC_2021 certification is a globally recognized certification that demonstrates a candidate's proficiency 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 can help professionals advance their careers and increase their earning potential. SAP certifications are highly respected in the industry and are recognized by employers worldwide. Holding a SAP certification demonstrates a commitment to professional development and validates a candidate's expertise in SAP technologies.
SAP C_S4FCC_2021 exam consists of 80 multiple-choice questions and has a duration of 180 minutes. C_S4FCC_2021 exam covers various topics related to SAP S/4HANA Finance for Group Reporting, including financial accounting in SAP S/4HANA, group closing in SAP S/4HANA, financial statement preparation, and consolidation. Candidates must attain a minimum score of 65% to pass the exam and receive their certification. Successful candidates can use the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification to demonstrate their expertise to employers and clients and advance their careers in the field of finance and accounting.
NEW QUESTION # 29
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. 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,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 # 30
What does the report logic in SAP S/4HANA group reporting do?
- A. It determines the first common parent based on consolidation group hierarchies.
- B. It prevents aggregation based on the FS item type.
- C. It reverses the sign based on the FS item type.
- D. It determines the first common parent based on segment hierarchies.
Answer: B
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. Source for group currency key figure
- B. Universal journal integration
- C. Source for local currency key figure
- D. Local currency
Answer: A,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
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. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- B. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- C. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- D. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- E. Import the ownership percentage change the CGOOE consolidation group
Answer: B
NEW QUESTION # 33
Which task uses a blank posting level?
- A. Data collection
- B. Release universal journal
- C. Currency translation
- D. Calculate net income
Answer: B
NEW QUESTION # 34
What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.
- A. Hierarchy levels
- B. FS items
- C. Posting levels
- D. Subitems
Answer: B,D
Explanation:
In a reporting rule, a report item can be assigned to subitems and FS (Financial Statement) items. Subitems are used to provide more detailed information or breakdowns of the FS items, while FS items represent the main line items in the financial statements.
NEW QUESTION # 35
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
- A. A consolidation cycle
- B. A consolidation ledger
- C. A source version
- D. A source category
Answer: B
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a consolidation ledger must be configured in order to release plan data into SAP S/4HANA Finance for group reporting. A consolidation ledger is a data container that stores the plan data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of plan data.
NEW QUESTION # 36
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. URLs
- B. Word documents
- C. Audio files
- D. Video files
- E. Excel files
Answer: A,B,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 # 37
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.
- A. Profit center
- B. Consolidation unit eliminated
- C. Profit center eliminated
- D. Consolidation unit
Answer: B,D
NEW QUESTION # 38
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
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Answer: D
NEW QUESTION # 39
When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?
- A. Selection objects
- B. Selected FS items for automatic posting
- C. The data validation task
- D. The calc net income task
Answer: B
Explanation:
When there is a balance sheet and income statement posting in a group journal entry, the offsetting entries are created by the selected Financial Statement (FS) items for automatic posting. This feature ensures that the balance sheet and income statement are always in balance (SAP Help Portal: Group Journal Entries).
NEW QUESTION # 40
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. Delete
- C. Append
- D. Merge
Answer: A,C
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the possible update modes when performing a flexible upload into SAP S/4HANA Finance for group reporting are:
Overwrite: This mode replaces the existing data in the target consolidation ledger with the data from the source file. Any data that is not present in the source file will be deleted from the target consolidation ledger.
Append: This mode adds the data from the source file to the existing data in the target consolidation ledger. Any data that is already present in the target consolidation ledger will remain unchanged.
NEW QUESTION # 41
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Segment
- B. Company
- C. Profit center
- D. Company code
Answer: A,C
NEW QUESTION # 42
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. 1 record for cost center A is posted and 1 record for cost center B is posted.
- B. 4 records with a blank cost center are posted.
- C. 2 records for cost center A are posted and 2 records for cost center B are posted.
- D. 1 record with a blank cost center is posted.
Answer: D
NEW QUESTION # 43
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. Percent from partner
- C. Selection of percentages
- D. Percentage periodic
Answer: A,C
Explanation:
In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.
NEW QUESTION # 44
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 rate
- B. Percentage complementary
- C. Selection for percentage
- D. Sign triggered reclassification
Answer: D
NEW QUESTION # 45
What is required to run a management consolidation report?
- A. Create a duplicate data set& EXACTPREP"
#1 Certification Exam Roadmap - B. Select a consolidation group
- C. Create custom report logic
- D. Select a segment hierarchy
Answer: D
NEW QUESTION # 46
What is the update schedule for SAP Group Reporting Data Collection?
- A. Twice a year
- B. Twice a month
- C. Once a month
- D. Once a year
Answer: D
NEW QUESTION # 47
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Horizontal
- B. Vertical
- C. Circular
- D. Single level
Answer: C
NEW QUESTION # 48
What are the SAP Group Reporting Data Collection mappings based on?
- A. Data collection configuration tables
- B. Excel Files
- C. Data collection methods
- D. CSV Files
Answer: A
Explanation:
the SAP Group Reporting Data Collection mappings are based on data collection configuration tables2.
The SAP Group Reporting Data Collection mappings are based on data collection configuration tables. These tables store the mapping rules and definitions that enable the system to import data from various data sources into the SAP Group Reporting Data Collection system. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c264b62a7e2d2a1e7d31fbc.html)
NEW QUESTION # 49
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 all 10 cash G/L accounts to one FS item
- D. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
Answer: B
NEW QUESTION # 50
What special version do you need to use in order to share ownership relationships?
- A. Consolidation unit attribute
- B. Extension
- C. Consolidation group attribute
- D. Structure
Answer: D
NEW QUESTION # 51
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SAP C_S4FCC_2021 Exam covers a range of topics related to SAP S/4HANA Finance for Group Reporting, including financial consolidation, data modeling, data integration, and reporting. Individuals who pass C_S4FCC_2021 exam will have demonstrated their knowledge and skills in these areas and will be recognized as certified SAP Application Associates.
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