2023 Current C-S4FCC-2021 dumps Preparation through Our Practice Test
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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 designed to validate the knowledge and skills of individuals in SAP S/4HANA Finance for Group Reporting. It covers various topics related to financial close, group consolidation, data collection, and data reporting. Candidates who pass the exam will receive the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification.
NEW QUESTION # 20
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. Percentage periodic
- C. Selection of percentages
- D. Percent from partner
Answer: B,C
NEW QUESTION # 21
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 eliminated
- B. Consolidation unit eliminated
- C. Consolidation unit
- D. Profit center
Answer: B
NEW QUESTION # 22
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. Released data
- B. Standardized data
- C. Translated data
- D. Reported data
Answer: C
NEW QUESTION # 23
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Amount
- B. Divide
- C. Quantity
- D. Multiply
Answer: B,D
NEW QUESTION # 24
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 each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- B. Map the Cash_node to an FS item
- C. Map all 10 cash G/L accounts to one FS item
- D. Map the group account 10000000 to an FS item
Answer: D
NEW QUESTION # 25
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. Companies are not mapped to consolidation units.
- B. Company codes are not mapped to consolidation units.
- C. The period is closed in group reporting.
- D. The period is closed in the general ledger.
Answer: C,D
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 as an attribute for consolidation unit
- B. Add business area to the ACDOCU table
- C. Enable business area for input
- D. Add business area to a breakdown category
Answer: B
Explanation:
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NEW QUESTION # 27
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. BSEG records are copied into group reporting.
- C. ACDOCC records are copied into group reporting.
- D. ACDOCA records are copied into group reporting.
Answer: A,D
NEW QUESTION # 28
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
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. ACDOCP records are copied into group reporting.
- B. BSEG records are copied into group reporting.
- C. ACDOCC records are copied into group reporting.
- D. ACDOCA records are copied into group reporting.
Answer: D
NEW QUESTION # 30
What is the update schedule for SAP Group Reporting Data Collection?
- A. Once a year
- B. Twice a month
- C. Twice a year
- D. Once a month
Answer: A
NEW QUESTION # 31
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. Eliminate intercompany
- C. Translate currency
- D. Calculate net income
Answer: A,C
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. Import the ownership percentage change the CGOOE consolidation group
- B. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- C. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- D. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- E. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
Answer: E
NEW QUESTION # 33
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.
- A. Upload method
- B. Consolidation method
- C. Input type
- D. Document type
Answer: C,D
NEW QUESTION # 34
What must be done in order to use intercompany eliminations that are integrated with SAP Intercompany Matching and Reconciliation?
Note: There are 2 correct answers to this question.
- A. Create a reclassification method
- B. Create an elimination method
- C. Activate the reconciliation close process
- D. Activate an intercompany hierarchy
Answer: A
NEW QUESTION # 35
What tasks must be run before the activity based investment & equity elimination?
Note: There are 2 correct answers to this question.
- A. Calculate net income
- B. Run intercompany elimination
- C. Calculate group share
- D. Run total divestiture
Answer: A,C
NEW QUESTION # 36
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Segment
- B. Company code
- C. Company
- D. Profit center
Answer: B,D
Explanation:
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NEW QUESTION # 37
What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?
Note: There are 2 correct answers to this question.
- A. Trigger
- B. Destination
- C. Source
- D. Percentage
Answer: B,C
Explanation:
In order to reclassify local finished goods into corporate finished goods inventory using a reclassification method sequence, you must maintain settings such as destination and source1.
NEW QUESTION # 38
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. Aconsolidation ledger
- B. A consolidation cycle
- C. Asource category
- D. A source version
Answer: A,B
NEW QUESTION # 39
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Vertical
- B. Circular
- C. Single level
- D. Horizontal
Answer: B,C
NEW QUESTION # 40
What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?
Note: There are 2 correct answers to this question.
- A. Destination
- B. Trigger
- C. Source
- D. Percentage
Answer: B,D
NEW QUESTION # 41
When running reports, what symbol is used to select a blank hierarchy?
- A. #
- B. *
- C. $
- D. @
Answer: A
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 # 42
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Based on Official Syllabus Topics of Actual SAP C-S4FCC-2021 Exam: https://drive.google.com/open?id=1OznEyE3huOdpEdfAYOUZ3Se675m3j3VP
