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SAP C-S4FCC-2021 certification exam is a challenging but rewarding exam that can help professionals to demonstrate their expertise in SAP S/4HANA Finance for Group Reporting Associates. It is an important credential for those looking to advance their careers in the field of SAP and is highly respected by employers in the industry. Passing this certification exam is a significant achievement that can open up new opportunities and help professionals to stand out in a competitive job market.
SAP C_S4FCC_2021 certification exam is a comprehensive exam that requires candidates to have a thorough understanding of SAP S/4HANA Finance for Group Reporting. C-S4FCC-2021 exam consists of 80 questions that are multiple-choice and scenario-based. Candidates are required to complete the exam within a time limit of 180 minutes. C-S4FCC-2021 exam is available in multiple languages and can be taken online or in person at a SAP testing center. Passing the SAP C_S4FCC_2021 certification exam is a great way for professionals to enhance their career prospects and demonstrate their expertise in SAP S/4HANA Finance for Group Reporting.
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. ACDOCP records are copied into group reporting.
- C. ACDOCA records are copied into group reporting.
- D. BSEG records are copied into group reporting.
Answer: A
NEW QUESTION # 49
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 50
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
Explanation:
When you import group shares, posting20 is used. Posting level 20 is specifically designed for the import of group shares in SAP S/4HANA Finance for group reporting.
NEW QUESTION # 51
What special version do you need to use in order to share ownership relationships?
- A. Consolidation unit attribute
- B. Consolidation group attribute
- C. Extension
- D. Structure
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 # 52
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 Cash_node 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 group account 10000000 to an FS item
Answer: C
NEW QUESTION # 53
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
- A. A consolidation ledger
- B. A consolidation cycle
- C. A source category
- D. A source version
Answer: A
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a consolidation ledger must be configured in order to release plan data into SAP S/4HANA Finance for group reporting. A consolidation ledger is a data container that stores the plan data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of plan data.
NEW QUESTION # 54
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, CGOOE and the CGOOW consolidation groups
- B. Import the ownership percentage change the CGOOE consolidation group
- C. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- D. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- E. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
Answer: E
NEW QUESTION # 55
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. 2 records for cost center A are posted and 2 records for cost center B are posted.
- B. 1 record for cost center A is posted and 1 record for cost center B is posted.
- C. 4 records with a blank cost center are posted.
- D. 1 record with a blank cost center is posted.
Answer: D
NEW QUESTION # 56
What can be left blank in a group journal entry substitution rule?
- A. Rule Name
- B. Description
- C. Precondition
- D. Substitution
Answer: D
NEW QUESTION # 57
When running reports, what symbol is used to select a blank hierarchy?
- A. @
- B. $
- C. #
- D. *
Answer: D
NEW QUESTION # 58
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. Merge
- B. Delete
- C. Overwrite
- D. Append
Answer: B,C
NEW QUESTION # 59
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
- B. Profit center
- C. Consolidation unit eliminated
- D. Profit center eliminated
Answer: C
NEW QUESTION # 60
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: D
NEW QUESTION # 61
What is the update schedule for SAP Group Reporting Data Collection?
- A. Twice a month
- B. Twice a year
- C. Once a month
- D. Once a year
Answer: C
Explanation:
The update schedule for SAP Group Reporting Data Collection is once a month. This ensures that the data used for group reporting purposes is up-to-date and accurate.
NEW QUESTION # 62
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To the original subitem
- B. To the original FS item
- C. To currency translation adjustment FS item
- D. To acurrency translation adjustment subitem
Answer: A,C
NEW QUESTION # 63
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SAP C-S4FCC-2021 certification exam is designed for individuals who want to prove their knowledge and skills in using 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 consultants, application associates, and other professionals who are responsible for implementing, configuring, and using SAP S/4HANA Finance for group reporting. C-S4FCC-2021 exam validates the candidate's knowledge of SAP S/4HANA Finance for group reporting by testing their understanding of key concepts, functions, and features of the software.
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