Share Latest Aug-2023 C-S4FCC-2021 DUMP with 80 Questions and Answers
PDF Dumps 2023 Exam Questions with Practice Test
SAP C-S4FCC-2021 (SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)) certification exam is designed to test the knowledge of candidates in the area of 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 is intended for candidates who have experience working with SAP S/4HANA Finance for Group Reporting and want to validate their skill set to potential employers.
SAP C_S4FCC_2021 exam is based on the latest version of SAP S/4HANA 2021 and covers various topics related to SAP S/4HANA Finance for Group Reporting. C-S4FCC-2021 exam consists of 80 multiple-choice questions that candidates need to complete within 180 minutes. C-S4FCC-2021 exam is available in multiple languages, including English, German, Japanese, and Spanish, among others. C-S4FCC-2021 exam fee varies by country and region, and candidates can register for the exam on the SAP website.
NEW QUESTION # 30
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 all 10 cash G/L accounts to one FS item
- B. Map the group account 10000000 to an FS item
- C. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- D. Map the Cash_node to an FS item
Answer: B
NEW QUESTION # 31
What is the currency translation method assigned to in group reporting?
- A. The consolidation unit
- B. The consolidation group
- C. The financial statement item
- D. The consolidation version
Answer: A
NEW QUESTION # 32
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. Change a task group
- B. Assign a different task group to your version
- C. Add a custom task based on an API
- D. Add a custom task based on a BAdI
Answer: A,B
NEW QUESTION # 33
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Post the journal entry to multiple versions at the same time
- B. Specify the posting level on the header section of the template
- C. Upload multiple journal entries using a single Excel file
- D. Override substitution rules by inputting values in the Excel file
- E. Adapt the template to include your own custom fields
Answer: C,D,E
Explanation:
When using the import group journal entries template, you can override substitution rules by inputting values directly in the Excel file, adapt the template to include your own custom fields, and upload multiple journal entries using a single Excel file. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/1909.002/en-US/5a5d5e7b1c5b4f3d8f5e4d7f60e9e4a3.html
NEW QUESTION # 34
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 Equity Pickup app
- C. Run the Data Monitor app
- D. Run the Consolidation Monitor app
Answer: B
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 # 35
What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.
- A. Company code
- B. Partner unit
- C. Leading unit
- D. Company
Answer: A,B
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 # 36
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. Sign triggered reclassification
- B. Percentage rate
- C. Percentage complementary
- D. Selection for percentage
Answer: A
NEW QUESTION # 37
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. ACDOCP
- B. ACDOCA
- C. ACDOCC
- D. ACDOCU
Answer: D
NEW QUESTION # 38
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Company code
- B. Company
- C. Profit center
- D. Segment
Answer: B,C
Explanation:
The dimensions that can be used in a hierarchical elimination include company and profit center1.
NEW QUESTION # 39
What field is part of a consolidation group master data record?
- A. Currency translation method
- B. Consolidation method
- C. Reclassification method
- D. Validation method
Answer: B
Explanation:
The consolidation method field is part of a consolidation group master data record. This field is used to define the method by which the financial data of the consolidation unit will be combined with the financial data of the consolidation group. The consolidation method is essential for accurate group reporting in SAP S/4HANA Finance.
NEW QUESTION # 40
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. The period is closed in group reporting.
- B. Companies are not mapped to consolidation units.
- C. Company codes are are not mapped to consolidation units.
- D. The period is closed in the general ledger.
Answer: A,D
NEW QUESTION # 41
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. A consolidation ledger
- B. The predictive ledger
- C. An extension ledger
- D. Aspecial purpose ledger
- E. The leading ledger
Answer: A,D,E
NEW QUESTION # 42
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. FS items
- B. Consolidation units
- C. Custom fields
- D. Subitems
Answer: D
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 # 43
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. Change a task group
- B. Assign a different task group to your version
- C. Add a custom task based on an API
- D. Add a custom task based on a BAdI
Answer: A,B
Explanation:
To correct the issue of a missing group share calculation task in the consolidation monitor, you can either change the task group (option B) or assign a different task group to your version (option C). Both of these options will allow you to include the missing task in the consolidation monitor.
NEW QUESTION # 44
What special version do you need to use in order to share ownership relationships?
- A. Structure
- B. Consolidation group attribute
- C. Consolidation unit attribute
- D. Extension
Answer: B
Explanation:
To share ownership relationships, you need to use a special version with a consolidation group attribute. This attribute allows you to define the ownership relationships between consolidation units and groups, which is essential for group reporting in SAP S/4HANA Finance.
NEW QUESTION # 45
What master data objects can be used in global accounting hierarchies?
Note: There are 3 correct answers to this question.
- A. Consolidation group
- B. Consolidation unit
- C. Breakdown category
- D. Profit center
- E. Reporting item
Answer: A,B,D
NEW QUESTION # 46
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. BSEG records are copied into group reporting.
- B. ACDOCC records are copied into group reporting.
- C. ACDOCA records are copied into group reporting.
- D. ACDOCP records are copied into group reporting.
Answer: B,C
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 # 47
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 an intercompany hierarchy
- D. Activate the reconciliation close process
Answer: B,C
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 # 48
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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.
Dumps for Free C-S4FCC-2021 Practice Exam Questions: https://passleader.briandumpsprep.com/C-S4FCC-2021-prep-exam-braindumps.html
