2023 Updated Verified C-S4FCC-2021 Downloadable Printable Exam Dumps
The Ultimate SAP C-S4FCC-2021 Dumps PDF Review
SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam is designed to assess the knowledge and skills of individuals in the field of SAP S/4HANA Finance for Group Reporting. C-S4FCC-2021 exam verifies that the candidate has a basic understanding of the SAP S/4HANA Finance for Group Reporting solution and can apply this knowledge to perform basic configuration and implementation tasks.
NEW QUESTION # 36
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 Cash_node to an FS item
- C. Map the group account 10000000 to an FS item
- D. Map all 10 cash G/L accounts to one FS item
Answer: A
NEW QUESTION # 37
What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.
- A. Hierarchy levels
- B. Posting levels
- C. FS items
- D. Subitems
Answer: B,C
NEW QUESTION # 38
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. Variance entries are posted.
- B. Elimination entries are posted.
- C. The reconciliation status is set to closed.
- D. The elimination status is set to closed.
Answer: C
NEW QUESTION # 39
What field is part of a consolidation group master data record?
- A. Validation method
- B. Reclassification method
- C. Currency translation method
- D. Consolidation method
Answer: A
NEW QUESTION # 40
What is the source when viewing group reporting data in SAP Analysis for Office?
- A. A contribution view
- B. A consolidation view
- C. A core data services view
- D. A calculation view
Answer: D
NEW QUESTION # 41
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.
NEW QUESTION # 42
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. Delete
- B. Merge
- C. Append
- D. Overwrite
Answer: A,D
NEW QUESTION # 43
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 an elimination method
- D. Create a reclassification method
Answer: A,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 # 44
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. ACDOCA records are copied into group reporting.
- B. ACDOCP records are copied into group reporting.
- C. BSEG records are copied into group reporting.
- D. ACDOCC records are copied into group reporting.
Answer: D
NEW QUESTION # 45
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. Create a reclassification method
- C. Activate the reconciliation close process
- D. Create an elimination method
Answer: B,D
NEW QUESTION # 46
What does the report logic in SAP S/4HANA group reporting do?
- A. It prevents aggregation based on the FS item type.
- B. It determines the first common parent based on consolidation group hierarchies.
- C. It reverses the sign based on the FS item type.
- D. It determines the first common parent based on segment hierarchies.
Answer: B
Explanation:
The report logic in SAP S/4HANA group reporting determines the first common parent based on consolidation group hierarchies. This is used for the elimination of intercompany transactions and consolidation of financial data.
NEW QUESTION # 47
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 48
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. Timing variances
- B. Translation variances
- C. True variances
- D. Quantity variances
- E. Price differences
Answer: A,D,E
Explanation:
Item groups identify quantity variances, timing variances and price differences in SAP Intercompany Matching and Reconciliation posting rules1.
NEW QUESTION # 49
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Quantity
- B. Amount
- C. Divide
- D. Multiply
Answer: A,B
Explanation:
In a validation method, you can use operands like Amount, which represents the monetary value, and Quantity, which represents the number of units.
NEW QUESTION # 50
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 consolidated data
- B. Validate standardized data
- C. Validate reported data
- D. Validate universal journal
Answer: A,C
Explanation:
After running a reclassification with posting level 10, you should run the validation tasks for consolidated data and reported data.
NEW QUESTION # 51
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. A source version
- B. Asource category
- C. Aconsolidation ledger
- D. A consolidation cycle
Answer: C,D
NEW QUESTION # 52
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Specify the posting level on the header section of the template
- B. Override substitution rules by inputting values in the Excel file
- C. Upload multiple journal entries using a single Excel file
- D. Post the journal entry to multiple versions at the same time
- E. Adapt the template to include your own custom fields
Answer: C,D,E
NEW QUESTION # 53
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. Timing variances
- B. Quantity variances
- C. Translation variances
- D. True variances
- E. Price differences
Answer: A,C,E
NEW QUESTION # 54
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 each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- C. Map the Cash_node to an FS item
- D. Map the group account 10000000 to an FS item
Answer: A
Explanation:
The recommended way to summarize the cash accounts into SAP S/4HANA Finance for group reporting is to map all 10 cash G/L accounts to one Financial Statement (FS) item. This allows the system to aggregate the balances of these accounts into a single FS item, simplifying the reporting process.
NEW QUESTION # 55
What is the update schedule for SAP Group Reporting Data Collection?
- A. Once a month
- B. Twice a year
- C. Once a year
- D. Twice a month
Answer: C
NEW QUESTION # 56
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 57
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SAP C-S4FCC-2021 certification exam is designed for individuals who want to prove 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 the implementation and configuration of the SAP S/4HANA Finance for Group Reporting solution. C-S4FCC-2021 exam validates the candidate's ability to perform basic configuration and implementation tasks for SAP S/4HANA Finance for Group Reporting.
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