SAP C_S4FCC_2021 Exam Dumps [2023] Practice Valid Exam Dumps Question
C_S4FCC_2021 Dumps - Grab Out For [NEW-2023] SAP Exam
SAP S/4HANA Finance for Group Reporting solution provides a unified financial and management reporting platform for organizations. It enables companies to consolidate their financial data across multiple systems and provides a single source of truth for financial reporting. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam covers various topics such as financial consolidation, intercompany reconciliations, and group currency translation.
SAP C_S4FCC_2021 certification exam is designed for individuals who want to validate their skills and knowledge 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 is intended for application associates who are responsible for financial reporting, consolidation, and group closing. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam is updated to reflect the latest release of SAP S/4HANA 2021.
NEW QUESTION # 10
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. Activate the reconciliation close process
- B. Activate an intercompany hierarchy
- C. Create an elimination method
- D. Create a reclassification method
Answer: C,D
NEW QUESTION # 11
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
- A. Company code
- B. Company
- C. Consolidation unit
- D. Consolidation group
Answer: B
NEW QUESTION # 12
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 with a blank cost center 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 for cost center A is posted and 1 record for cost center B is posted.
Answer: A
Explanation:
Since cost center is set to aggregate in SAP S/4HANA Finance for group reporting, the system will aggregate the data based on the cost center field. In this case, the data for cost center A and cost center B will be aggregated, and a single record with a blank cost center will be posted in group reporting.
NEW QUESTION # 13
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. Subsequent tasks cannot be run but can be blocked.
- B. The variance will be posted to a statistical financial statement item.
- C. The variance will be posted to a reporting financial statement item.
- D. Subsequent tasks can be run but cannot be blocked.
Answer: D
NEW QUESTION # 14
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 CG00E and the CG00W consolidation groups
- B. Import the full ownership percentages for CG00A and CG00E consolidation groups
- C. Import the ownership percentage change the CG00E consolidation group
- D. Import the full ownership percentages for CG00A, CG00E and the CG00W consolidation groups
Answer: C
NEW QUESTION # 15
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an SAP Fiori app for an embedded story
- B. Use an import connection
- C. Use an SAP Fiori app to launch SAP Analytics Cloud
- D. Use a live connection
Answer: D
NEW QUESTION # 16
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
Answer: D
NEW QUESTION # 17
What must you do in order to release data from a prior period?
- A. Release data with an offset of -1
- B. Run balance carry forward
- C. Run the Copy Transaction Data app
- D. Change your global parameters
Answer: B
NEW QUESTION # 18
When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?
- A. Selection objects
- B. The calc net income task
- C. Selected FS items for automatic posting
- D. The data validation task
Answer: C
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 # 19
What are the SAP Group Reporting Data Collection mappings based on?
- A. Excel Files
- B. CSV Files
- C. Data collection methods
- D. Data collection configuration tables
Answer: C
NEW QUESTION # 20
How is SAP S/4HANA Finance for group reporting updated when using equity pickup?
- A. Run the Equity Pickup app
- B. Run the Data Monitor app
- C. Run the Consolidation Monitor app
- D. Run the Import Group Journal Entries app
Answer: A
Explanation:
When using equity pickup in SAP S/4HANA Finance for group reporting, you need to run the Equity Pickup app. This app calculates the equity pickup amounts and updates the relevant data.
NEW QUESTION # 21
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. Activate the reconciliation close process
- B. Activate an intercompany hierarchy
- C. Create an elimination method
- D. Create a reclassification method
Answer: D
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. 1 record with a blank cost center 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 for cost center A is posted and 1 record for cost center B is posted.
Answer: A
NEW QUESTION # 23
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 group account 10000000 to an FS item
- C. Map the Cash_node to an FS item
- D. Map all 10 cash G/L accounts to one FS item
Answer: A
NEW QUESTION # 24
What is the best way to run a YTD report?
- A. Configure group reporting to store YTD data
- B. Use the period mode selection in the report
- C. Calculate YTD data in a custom analytical query
- D. Use the YTD measure in the report
Answer: D
Explanation:
the best way to run a YTD report is to use the YTD measure in the report. YTD stands for year-to-date and refers to the cumulative amount of data from the beginning of the fiscal year to the current period. The YTD measure is a predefined measure that calculates the YTD amount for each FS item based on their role attribute and period mode.
NEW QUESTION # 25
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. Merge
- C. Append
- D. Delete
Answer: A,D
NEW QUESTION # 26
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. Debit goodwill 50 million
- D. Credit investment 64 million
Answer: A,B
NEW QUESTION # 27
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. Asset
- B. Profit & Loss
- C. Statistical
- D. Reporting
- E. Balance sheet
Answer: A,C,D
NEW QUESTION # 28
When running reports, what symbol is used to select a blank hierarchy?
- A. #
- B. @
- C. $
- D. *
Answer: D
NEW QUESTION # 29
What does balance carry forward do?
- A. It carries forward reporting FS items to the same FS item as in the previous year by default unless otherwise specified.
- B. It carries forward statistical FS items to the same subitem as in the previous year by default.
- C. It carries forward asset values to the same subitem as in the previous year by default.
- D. It carries forward equity values to the same FS item as in the previous year by default unless otherwise specified.
Answer: A
Explanation:
Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.
NEW QUESTION # 30
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To be eligible to take the SAP C_S4FCC_2021 exam, candidates must have a minimum of six months of experience working with SAP S/4HANA Finance for Group Reporting. They must also have completed SAP's recommended training courses for this certification. Upon successful completion of the exam, candidates will earn the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates certification, which is recognized as a valuable credential in the finance industry.
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