2023 Latest C_S4FCC_2021 DUMPS Q&As with Explanations Verified & Correct Answers
C_S4FCC_2021 dumps Exam Material with 80 Questions
SAP C-S4FCC-2021 certification exam is designed for professionals who want to validate their skills and knowledge in SAP S/4 HANA Finance for Group Reporting. C_S4FCC_2021 exam is intended for individuals who work with SAP S/4HANA 2021 and have a basic understanding of finance processes and accounting principles. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam evaluates the candidate's ability to implement and configure SAP S/4HANA Finance for Group Reporting, as well as their knowledge of the financial closing process.
SAP C_S4FCC_2021 certification exam is designed for individuals who want to validate their knowledge and expertise in SAP S/4HANA Finance for Group Reporting. C_S4FCC_2021 exam evaluates the candidate's ability to configure SAP S/4HANA Finance for Group Reporting, design and implement consolidation processes, and perform financial close activities. C_S4FCC_2021 exam is a globally recognized certification that demonstrates the candidate's proficiency in SAP S/4HANA Finance for Group Reporting.
NEW QUESTION # 17
Which version stores only delta amounts?
- A. Planning version
- B. Extension version
- C. Standard version
- D. Group currency extension version
Answer: B
NEW QUESTION # 18
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Divide
- B. Amount
- C. Quantity
- D. Multiply
Answer: B,C
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 # 19
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. Create an elimination method
- D. Activate the reconciliation close process
Answer: B,C
NEW QUESTION # 20
In your rule-based method, you need to book an amount that is calculated by multiplying by
1 minus the ownership percentage.
What field would you use?
- A. Selection for percentage
- B. Sign triggered reclassification
- C. Percentage rate
- D. Percentage complementary
Answer: B
NEW QUESTION # 21
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. The elimination status is set to closed.
- B. Variance entries are posted.
- C. Elimination entries are posted.
- D. The reconciliation status is set to closed.
Answer: D
Explanation:
When a workflow request in SAP Intercompany Matching and Reconciliation is approved, the reconciliation status is set to closed, indicating that the reconciliation process is complete.
NEW QUESTION # 22
What does activity based consolidation of investments feature?
Note: There are 2 correct answers to this question.
- A. Custom posting logic
- B. Pre-defined posting logic
- C. Ownership percentages posted with investment values
- D. Ownership percentages posted separately from investment values
Answer: A,B
NEW QUESTION # 23
What fields are included in a consolidation unit master record?
Note: There are 2 correct answers to this question.
- A. Validation method
- B. Currency translation method
- C. Source for document currency key figure
- D. Source for local currency key figure
Answer: B,D
Explanation:
The consolidation unit master record includes fields such as currency translation method and source for local currency key figure1.
NEW QUESTION # 24
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. Selection for percentage
- B. Percentage rate
- C. Percentage complementary
- D. Sign triggered reclassification
Answer: C
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 # 25
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Divide
- B. Amount
- C. Multiply
- D. Quantity
Answer: A,B
NEW QUESTION # 26
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. 4 records with a blank cost center are posted.
- C. 1 record with a blank cost center is posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
Answer: C
NEW QUESTION # 27
Your currency translation is not translating opening balances.
What setting must be changed?
- A. Translation key
- B. Selection
- C. Reference rate
- D. Exchange rate indicator
Answer: D
NEW QUESTION # 28
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Profit center
- B. Company
- C. Company code
- D. Segment
Answer: A,C
Explanation:
#1 Certification Exam Roadmap
NEW QUESTION # 29
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:
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. 4 records with a blank cost center are posted.
- C. 1 record with a blank cost center is posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
- E. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
Answer: E
NEW QUESTION # 30
What are the prerequisites for a horizontal merger?
Note: There are 2 correct answers to this question.
- A. Both consolidation units have the different investors.
- B. Both consolidation units have the same investors.
- C. Both consolidation units belong to different consolidation groups.
- D. Both consolidation units belong to the same consolidation group.
Answer: C,D
NEW QUESTION # 31
What is required to run a management consolidation report?
- A. Select a consolidation group
- B. Create a duplicate data set
- C. Create custom report logic
- D. Select a segment hierarchy
Answer: D
NEW QUESTION # 32
What are the SAP Group Reporting Data Collection mappings based on?
- A. Excel Files
- B. Data collection methods
- C. CSV Files
- D. Data collection configuration tables
Answer: B
NEW QUESTION # 33
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.
- A. Upload method
- B. Consolidation method
- C. Document type
- D. Input type
Answer: C,D
NEW QUESTION # 34
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.
- A. Profit center eliminated
- B. Profit center
- C. Consolidation unit eliminated
- D. Consolidation unit
Answer: C,D
Explanation:
In an intercompany report, the dimensions "Consolidation unit eliminated" and "Consolidation unit" can be used to provide a consolidation view. The "Consolidation unit eliminated" dimension shows the elimination entries, while the "Consolidation unit" dimension displays the data for each consolidation unit involved in the intercompany transactions.
NEW QUESTION # 35
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 the Cash_node to an FS item
- B. Map the group account 10000000 to an FS item
- C. Map all 10 cash G/L accounts to one FS item
- D. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
Answer: B
NEW QUESTION # 36
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. 4 records with a blank cost center are posted.
- C. 1 record with a blank cost center is posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
Answer: C
NEW QUESTION # 37
What table can SAP Group Reporting Data Collection update?
- A. ACDOCC
- B. ACDOCU
- C. ACDOCA
- D. ACDOCP
Answer: A
Explanation:
SAP Group Reporting Data Collection updates the ACDOCC (Consolidation Staging) table. This table is used to store data that is collected from various source systems for consolidation purposes. Reference: https://help.sap.com/viewer/df185fd53bb645b1bd99284ee4e4a750/2020.002/en-US/4c1d8f4f16564f249c0e0d4a8e45d9f9.html
NEW QUESTION # 38
Your currency translation is not translating opening balances.What setting must be changed?
- A. Reference rate
- B. Translation key
- C. Exchange rate indicator
- D. Selection
Answer: A
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 # 39
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. 0C
- B. 0D
- C. 0A
- D. 0B
Answer: A,C
NEW QUESTION # 40
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