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To prepare for the SAP C_S4FCC_2021 Exam, candidates can take the SAP S/4HANA Finance for Group Reporting training course. They can also use SAP's learning hub to access study materials such as e-books, practice exams, and online learning courses. Additionally, candidates can attend SAP events and conferences to learn more about SAP S/4HANA Finance for group reporting.
NEW QUESTION # 36
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. Partner unit
- C. Company code
- D. Company
Answer: B,C
Explanation:
Data slices in SAP Intercompany Matching and Reconciliation matching rules are made up of Company code and Partner unit. These two factors help to identify the corresponding transactions for matching and reconciliation purposes (SAP Help Portal: Define Matching Rules).
NEW QUESTION # 37
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 the CGOOE consolidation group
- B. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- 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
Answer: A
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 # 38
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. Subitems
- B. Consolidation units
- C. Custom fields
- D. FS items
Answer: A
Explanation:
Breakdown categories control subitem field values when posting to SAP S/4HANA Finance for group reporting. Subitems are used to provide additional granularity and detail in financial reporting. (Reference: https://help.sap.com/viewer/0fa849c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html) According to the Breakdown Categories document1, breakdown categories classify subassignments that are required for Financial Statement (FS) items to perform consolidation tasks. The following breakdown category fields are supported1:
Partner Unit
Subitem Category
Subitem
Transaction Currency
Unit of Measure
For each FS item, the breakdown category determines which subassignments must be entered1. For example, if an FS item is assigned with breakdown category 1A10, the data records of this FS item must have a subitem category value of 1 (Transaction Type) and a subitem value from the selection S-BC-TT-011.
NEW QUESTION # 39
Your currency translation is not translating opening balances.What setting must be changed?
- A. Selection
- B. Exchange rate indicator
- C. Translation key
- D. Reference rate
Answer: D
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take place.
NEW QUESTION # 40
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. ACDOCA records are copied into group reporting.
- D. ACDOCC records are copied into group reporting.
Answer: C,D
Explanation:
When you release data in SAP S/4HANA Finance for group reporting, ACDOCC (Consolidation) records and ACDOCA (Universal Journal) records are copied into group reporting. ACDOCP (Planning) and BSEG (Accounting Document Segment) records are not copied into group reporting.
NEW QUESTION # 41
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.
- A. Consolidation unit eliminated
- B. Profit center eliminated
- C. Profit center
- D. Consolidation unit
Answer: A
NEW QUESTION # 42
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Amount
- B. Multiply
- C. Quantity
- D. Divide
Answer: A,D
NEW QUESTION # 43
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. OB
- B. OC
- C. 0D
- D. OA
Answer: A,C
Explanation:
According to the Document Types document1, document types are used across SAP Group Reporting Data Collection apps to enter or map data for consolidation. The document types are part of the SAP content, but others can be created and used as well. The following document types are predefined by SAP and available for data mapping1:
0C: Data entry of reported financial data using a mapping from an import file
0D: Data entry of reported financial data using a mapping from Accounting
07: External reported data mapped using a public API and data entry of reported financial data using a mapping from Group reporting
NEW QUESTION # 44
What special version do you need to use in order to share ownership relationships?
- A. Consolidation unit attribute
- B. Extension
- C. Consolidation group attribute
- D. Structure
Answer: D
NEW QUESTION # 45
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. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- B. Import the ownership percentage change the CGOOE consolidation group
- C. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- D. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- E. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
Answer: C
NEW QUESTION # 46
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. Activate an intercompany hierarchy
- C. Create an elimination method
- D. Activate the reconciliation close process
Answer: A,C
NEW QUESTION # 47
What must you do in order to release data from a prior period?
- A. Release data with an offset of -1
- B. Run the Copy Transaction Data app
- C. Run balance carry forward
- D. Change your global parameters
Answer: D
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.
NEW QUESTION # 48
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. Enable business area for input
- C. Add business area to a breakdown category
- D. Add business area to the ACDOCU table
Answer: D
NEW QUESTION # 49
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 code
- D. Company
Answer: B,C
Explanation:
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NEW QUESTION # 50
How is SAP S/4HANA Finance for group reporting updated when using equity pickup?
- A. Run the Import Group Journal Entries app
- B. Run the Consolidation Monitor app
- C. Run the Equity Pickup app
- D. Run the Data Monitor app
Answer: C
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 # 51
In your rule-based consolidation of investments method, you need to book an amount that is calculated by multiplying by1 minus the ownership percentage. What field would you use?
- A. Percentage complementary
- B. Selection for percentage
- C. Sign triggered reclassification
- D. Percentage rate
Answer: A
Explanation:
The field "Percentage complementary" is used to calculate the amount by multiplying by 1 minus the ownership percentage in the rule-based consolidation of investments method.
NEW QUESTION # 52
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. Enable business area for input
- C. Add business area to a breakdown category
- D. Add business area to the ACDOCU table
Answer: D
NEW QUESTION # 53
What selection is a required global parameter?
- A. Consolidation group
- B. Consolidation chart of accounts
- C. Consolidation unit
- D. Fiscal year variant
Answer: B
NEW QUESTION # 54
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. URLs
- B. Word documents
- C. Audio files
- D. Excel files
- E. Video files
Answer: A,B,D
NEW QUESTION # 55
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