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SAP C_S4FCC_2021 certification exam is designed for professionals who want to demonstrate 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 validates the candidate's knowledge and skills in managing financial data in SAP S/4HANA, including group reporting, consolidation, and intercompany processing. C_S4FCC_2021 exam is intended for application associates who have one year of experience in SAP S/4HANA Finance for Group Reporting.
SAP C-S4FCC-2021 certification exam is a challenging exam that evaluates the candidate's skills and knowledge in SAP S/4 HANA Finance for Group Reporting. Passing the exam requires a thorough understanding of financial consolidation, data modeling, financial reporting, and intercompany reconciliation. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification is valuable for professionals who work with SAP S/4HANA 2021 and want to validate their skills and knowledge in the financial consolidation process.
NEW QUESTION # 18
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. ACDOCU
- B. ACDOCP
- C. ACDOCC
- D. ACDOCA
Answer: A
NEW QUESTION # 19
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Circular
- B. Single level
- C. Vertical
- D. Horizontal
Answer: A,D
NEW QUESTION # 20
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.
NEW QUESTION # 21
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 and CGOOE consolidation groups
- C. Import the ownership percentage change the CGOOE consolidation group
- D. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
Answer: C
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 # 22
In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?
- A. They generate inbox entries.
- B. They identify currency translation differences in intercompany eliminations.
- C. They generate variance postings.
- D. They identify transaction differences in intercompany eliminations.
Answer: D
Explanation:
In group reporting, SAP Intercompany Matching and Reconciliation reason codes are used to identify transaction differences in intercompany eliminations. These codes help to track and resolve discrepancies between intercompany transactions.
NEW QUESTION # 23
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Multiply
- B. Divide
- C. Amount
- D. Quantity
Answer: B,C
NEW QUESTION # 24
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. Price differences
- B. True variances
- C. Quantity variances
- D. Translation variances
- E. Timing variances
Answer: A,D,E
NEW QUESTION # 25
What translation setting in the sequence would allow you to preserve an existing group currency amount?
- A. Currency translation indicator
- B. Translation key
- C. Source for group currency key figure
- D. Reference rate
Answer: C
NEW QUESTION # 26
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 # 27
What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.
- A. Posting levels
- B. FS items
- C. Subitems
- D. Hierarchy levels
Answer: B,C
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 # 28
What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.
- A. Leading unit
- B. Company
- C. Company code
- D. Partner unit
Answer: A,D
NEW QUESTION # 29
What document types does SAP provide when importing from SAP Group Reporting Data Collection to SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. 0B
- B. 0D
- C. 0C
- D. 0A
Answer: C,D
NEW QUESTION # 30
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.
- A. Local currency
- B. Universal journal integration
- C. Source for group currency key figure
- D. Source for local currency key figure
Answer: C,D
NEW QUESTION # 31
What selection is a required global parameter? There are 2 correct answers to this question
- A. Consolidation unit
- B. Fiscal year variant
- C. Consolidation chart of accounts
- D. Consolidation group
Answer: B,C
NEW QUESTION # 32
What field is part of a consolidation group master data record?
- A. Reclassification method
- B. Consolidation method
- C. Currency translation method
- D. Validation method
Answer: B
NEW QUESTION # 33
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Amount
- B. Divide
- C. Multiply
- D. Quantity
Answer: B,C
NEW QUESTION # 34
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SAP C-S4FCC-2021 exam consists of 80 multiple-choice questions and has a duration of 180 minutes. C_S4FCC_2021 exam is available in English, Japanese, and Chinese languages. To pass the exam, candidates must score a minimum of 64% marks. C_S4FCC_2021 exam fee is around $500 USD, and it can be taken online or in-person at a SAP testing center.
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