SAP Certified Application Associate C-S4FCC-2021 Dumps | Updated Mar 26, 2024 - Fast2test
Master 2024 Latest The Questions SAP Certified Application Associate and Pass C-S4FCC-2021 Real Exam!
To prepare for the SAP C_S4FCC_2021 certification exam, candidates are advised to enroll in SAP's official training course, "SAP S/4HANA Finance for Group Reporting." The training course covers the essential topics and concepts related to SAP S/4HANA Finance for Group Reporting, including configuration, consolidation, and reporting. Candidates can also access SAP's online learning platform, which provides a wide range of learning resources, including e-books, videos, and interactive simulations.
NEW QUESTION # 10
What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.
- A. Consolidation group
- B. Reporting item
- C. Consolidation unit
- D. Breakdown category
- E. Profit center
Answer: B,C,E
NEW QUESTION # 11
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 # 12
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. Timing variances
- B. Translation variances
- C. Price differences
- D. True variances
- E. Quantity variances
Answer: A,B,C
NEW QUESTION # 13
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
- A. Consolidation group
- B. Company code
- C. Company
- D. Consolidation unit
Answer: B
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 # 14
When running reports, what symbol is used to select a blank hierarchy?
- A. $
- B. #
- C. *
- D. @
Answer: C
NEW QUESTION # 15
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
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 # 16
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Single level
- B. Circular
- C. Horizontal
- D. Vertical
Answer: C,D
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 # 17
Which version stores only delta amounts?
- A. Extension version
- B. Standard version
- C. Group currency extension version
- D. Planning version
Answer: C,D
NEW QUESTION # 18
What selection is a required global parameter?
- A. Consolidation chart of accounts
- B. Consolidation group
- C. Fiscal year variant
- D. Consolidation unit
Answer: A,C
NEW QUESTION # 19
How do you create a group journal entry with multiple versions?
- A. Select multiple reference versions
- B. Select multiple group currency extension versions
- C. Select multiple extension versions
- D. Select multiple standard versions
Answer: B
NEW QUESTION # 20
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an SAP Fiori app to launch SAP Analytics Cloud
- B. Use an import connection
- C. Use an SAP Fiori app for an embedded story
- D. Use a live connection
Answer: A,C
NEW QUESTION # 21
What is the update schedule for SAP Group Reporting Data Collection?
- A. Twice a year
- B. Once a month
- C. Twice a month
- D. Once a year
Answer: B
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 # 22
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 # 23
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. The period is closed in group reporting.
- B. The period is closed in the general ledger.
- C. Companies are not mapped to consolidation units.
- D. Company codes are are not mapped to consolidation units.
Answer: A,B
NEW QUESTION # 24
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. Credit investment 80 million
- B. Credit investment 64 million
- C. Debit goodwill 50 million
- D. Debit goodwill 40 million
Answer: B,D
NEW QUESTION # 25
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. Profit & Loss
- D. Reporting
- E. Balance sheet
Answer: A,C,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 # 26
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
- A. A source category
- B. A consolidation cycle
- C. A source version
- D. A consolidation ledger
Answer: D
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 # 27
The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?
- A. The variance will be posted to a statistical financial statement item.
- B. The variance will be posted to a reporting financial statement item.
- C. Subsequent tasks can be run but cannot be blocked.
- D. Subsequent tasks cannot be run but can be blocked.
Answer: C
NEW QUESTION # 28
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 all 10 cash G/L accounts to one FS item
- C. Map the group account 10000000 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: C
NEW QUESTION # 29
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 # 30
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 31
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