SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) (C-S4FCC-2021) Free Practice Test

Question 1

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 eliminated

C. Consolidation unit eliminated

D. Profit center

Correct Answer: A,C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.

A. Upload method

B. Document type

C. Input type

D. Consolidation method

Correct Answer: B,C

Question 3

What are settings you can define in a document type?
Note: There are 3 correct answers to this question.

A. Number range

B. Posting level

C. Account range

D. Balance check

E. Reversal document type

Correct Answer: A,B,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 4

What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?
Note: There are 2 correct answers to this question.

A. Source

B. Destination

C. Trigger

D. Percentage

Correct Answer: A,B

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

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. ACDOCU

B. ACDOCC

C. ACDOCA

D. ACDOCP

Correct Answer: A,C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

What are the prerequisites for a horizontal merger?
Note: There are 2 correct answers to this question.

A. Both consolidation units belong to the same consolidation group.

B. Both consolidation units have the same investors.

C. Both consolidation units have the different investors.

D. Both consolidation units belong to different consolidation groups.

Correct Answer: A,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 7

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 segment hierarchies.

C. It determines the first common parent based on consolidation group hierarchies.

D. It reverses the sign based on the FS item type.

Correct Answer: C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 8

What does activity based consolidation of investments feature?
Note: There are 2 correct answers to this question.

A. Ownership percentages posted with investment values

B. Ownership percentages posted separately from investment values

C. Custom posting logic

D. Pre-defined posting logic

Correct Answer: C,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) (C-S4FCC-2021) Free Practice Test