Free C-S4FCC-2021 Sample Questions and 100% Cover Real Exam Questions (Updated 80 Questions)
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SAP C_S4FCC_2021 certification exam is a valuable asset for professionals who work in finance and accounting roles. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification demonstrates that an individual has the skills and knowledge required to work with SAP S/4HANA Finance for Group Reporting successfully. It is a globally recognized certification that is highly valued in the industry and can help individuals advance their careers. Passing C-S4FCC-2021 exam is an achievement that can lead to better job opportunities, higher salaries, and professional growth.
NEW QUESTION # 43
What selection is a required global parameter? There are 2 correct answers to this question
- A. Consolidation group
- B. Fiscal year variant
- C. Consolidation chart of accounts
- D. Consolidation unit
Answer: B,C
NEW QUESTION # 44
What validation tasks should be run after running a reclassification with posting level 10?
Note: There are 2 correct answers to this question.
- A. Validate universal journal
- B. Validate standardized data
- C. Validate consolidated data
- D. Validate reported data
Answer: C,D
Explanation:
After running a reclassification with posting level 10, you should run the validation tasks for consolidated data and reported data.
NEW QUESTION # 45
Upload multiple journal entries using a single Excel file.
What method sequences are needed to eliminate intercompany profit in inventory?
Note: There are 2 correct answers to this question.
- A. Eliminate net income for the seller
- B. Reverse the elimination of net income of the seller
- C. Reverse the elimination of net income of the buyer
- D. Eliminate net income for the buyer
Answer: A,B
NEW QUESTION # 46
Your consolidation monitor is missing the group share calculation task.
How could you correct the issue?
Note: There are 2 correct answers to this question.
- A. Add a custom task based on a BAdI
- B. Add a custom task based on an API
- C. Assign a different task group to your version
- D. Change a task group
Answer: C,D
NEW QUESTION # 47
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 a live connection
- C. Use an SAP Fiori app to launch SAP Analytics Cloud
- D. Use an import connection
Answer: C
NEW QUESTION # 48
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. ACDOCA records are copied into group reporting.
- C. BSEG records are copied into group reporting.
- D. ACDOCP records are copied into group reporting.
Answer: A,C
NEW QUESTION # 49
What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.
- A. Profit center
- B. Reporting item
- C. Consolidation group
- D. Consolidation unit
- E. Breakdown category
Answer: A,C,D
Explanation:
In SAP S/4HANA Finance for Group Reporting, global accounting hierarchies can use the following master data objects: Consolidation group, Profit center, and Consolidation unit. Consolidation groups are used to define the structure of a group and its subsidiaries. Profit centers help track profit and loss for different business segments. Consolidation units represent legal entities and are assigned to consolidation groups (SAP Help Portal: Group Reporting Master Data).
NEW QUESTION # 50
Which of the following SAP S/4HANA ledgers are possible sources for SAP S/4HANA Finance for group reporting? Note: There are 3 correct answers to this question.
- A. The predictive ledger
- B. A consolidation ledger
- C. A special purpose ledger
- D. The leading ledger
- E. An extension ledger
Answer: A,C,D
NEW QUESTION # 51
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 full ownership percentages for CGO0A and CGOOE consolidation groups
- B. Import the ownership percentage change the CGOOE consolidation group
- C. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- D. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- E. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
Answer: E
NEW QUESTION # 52
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 # 53
What is the best way to run a YTD report?
- A. Use the period mode selection in the report
- B. Configure group reporting to store YTD data
- C. Use the YTD measure in the report
- D. Calculate YTD data in a custom analytical query
Answer: A
NEW QUESTION # 54
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Segment
- B. Profit center
- C. Company
- D. Company code
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Answer: B,D
NEW QUESTION # 55
Your currency translation is not translating opening balances.What setting must be changed?
- A. Exchange rate indicator
- B. Translation key
- C. Reference rate
- D. Selection
Answer: A
NEW QUESTION # 56
What translation setting in the sequence would allow you to preserve an existing group currency amount?
- A. Translation key
- B. Currency translation indicator
- C. Reference rate
- D. Source for group currency key figure
Answer: A
NEW QUESTION # 57
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. Balance sheet
- B. Asset
- C. Statistical
- D. Reporting
- E. Profit & Loss
Answer: A,C,D
NEW QUESTION # 58
What special version do you need to use in order to share ownership relationships?
- A. Consolidation unit attribute
- B. Structure
- C. Extension
- D. Consolidation group attribute
Answer: B
NEW QUESTION # 59
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 an intercompany hierarchy
- B. Activate the reconciliation close process
- C. Create a reclassification method
- D. Create an elimination method
Answer: A,D
Explanation:
In order to use intercompany eliminations that are integrated with SAP Intercompany Matching and Reconciliation, you must create an elimination method and activate an intercompany hierarchy. The elimination method defines the rules for eliminating intercompany transactions, while the intercompany hierarchy organizes the consolidation units involved in intercompany transactions.
NEW QUESTION # 60
What tasks must be run before the activity based investment & equity elimination? Note: There are 2 correct answers to this question.
- A. Calculate group share
- B. Calculate net income
- C. Run total divestiture
- D. Run intercompany elimination
Answer: A,B
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the tasks that must be run before the activity based investment & equity elimination are:
Calculate net income: This task calculates the net income of each consolidation unit based on their income statement items. The net income is used to determine the share of profit or loss of each parent unit in their subsidiaries.
Calculate group share: This task calculates the group share percentage of each parent unit in their subsidiaries based on their ownership percentage and consolidation method. The group share percentage is used to determine the amount of investment and equity elimination.
NEW QUESTION # 61
What selection is a required global parameter?
- A. Consolidation chart of accounts
- B. Consolidation group
- C. Fiscal year variant
- D. Consolidation unit
Answer: C
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a fiscal year variant is a required global parameter that must be selected when creating a new consolidation scenario. A fiscal year variant defines the number and length of posting periods and special periods for a fiscal year. A fiscal year variant can be assigned to one or more consolidation scenarios.
NEW QUESTION # 62
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question
- A. FS items
- B. Custom fields
- C. Consolidation units
- D. Subitems
Answer: A,D
NEW QUESTION # 63
Upload multiple journal entries using a single Excel file.
What method sequences are needed to eliminate intercompany profit in inventory?
Note: There are 2 correct answers to this question.
- A. Eliminate net income for the seller
- B. Reverse the elimination of net income of the seller
- C. Reverse the elimination of net income of the buyer
- D. Eliminate net income for the buyer
Answer: A,B
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, method sequences that are needed to eliminate intercompany profit in inventory are:
Eliminate net income for the seller: This method sequence eliminates the net income of the seller unit that is derived from intercompany sales of inventory. This method sequence reduces the seller's net income and equity by the amount of intercompany profit in inventory.
Reverse the elimination of net income of the seller: This method sequence reverses the elimination of net income of the seller unit that was done in the previous method sequence. This method sequence restores the seller's net income and equity to their original values before elimination.
NEW QUESTION # 64
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