2023 New C_S4FCC_2021 Dumps - Real SAP Exam Questions
Dependable C_S4FCC_2021 Exam Dumps to Become SAP Certified
SAP C_S4FCC_2021 exam is a certification exam for professionals who want to validate their knowledge and skills in SAP S/4HANA Finance for Group Reporting. C_S4FCC_2021 exam focuses on the latest version of SAP S/4HANA, which is the 2021 release. C_S4FCC_2021 exam is designed to test the candidate's understanding of the key concepts and features of SAP S/4HANA Finance for Group Reporting, including financial consolidation, intercompany eliminations, and group reporting.
NEW QUESTION # 36
How are posting levels used?
- A. They identify the origin of values.
- B. They determine the level of granularity for data release.
- C. They identify the destination of values.
- D. They determine the level of granularity for balance carry forward.
Answer: A
Explanation:
Posting levels are used to identify the origin of values in the consolidation process. They help to differentiate between values coming from different sources, such as data entry, data import, or manual postings.
NEW QUESTION # 37
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. The elimination status is set to closed
- B. The reconciliation status is set to closed
- C. Variance entries are posted
- D. Elimination entries are posted
Answer: A
NEW QUESTION # 38
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. The leading ledger
- D. A special purpose ledger
- E. An extension ledger
Answer: A,C,D
NEW QUESTION # 39
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. Percentage
- B. Source
- C. Trigger
- D. Destination
Answer: A,C
NEW QUESTION # 40
What can happen in SAP S/4HANA Finance for group reporting when you release data?
- 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 # 41
Which version stores only delta amounts?
- A. Planning version
- B. Group currency extension version
- C. Standard version
- D. Extension version
Answer: D
NEW QUESTION # 42
What selection is a required global parameter?
- A. Fiscal year variant
- B. Consolidation group
- C. Consolidation chart of accounts
- D. Consolidation unit
Answer: C
NEW QUESTION # 43
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: C
NEW QUESTION # 44
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. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- B. Import the ownership percentage change the CGOOE consolidation group
- C. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- D. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- E. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
Answer: E
NEW QUESTION # 45
How can FS items be determined for balance carry forward? Note: There are 3 correct answers to this question.
- A. Via their FS item type
- B. Viaa configuration table
- C. Via their role attribute
- D. Via their scope attributes
- E. Via selection objects
Answer: A,B,C
Explanation:
FS items can be determined for balance carry forward using a configuration table, their FS item type, and their role attribute. These factors help to classify FS items for different purposes in the consolidation process (SAP Help Portal: Define Financial Statement Items).
NEW QUESTION # 46
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an SAP Fiori app to launch SAP Analytics Cloud
- B. Use an import connection
- C. Use a live connection
- D. Use an SAP Fiori app for an embedded story
Answer: C
Explanation:
A live connection is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story because it allows real-time access to data without the need for data replication. This provides users with up-to-date information for their analytics and reporting needs. (Reference: https://help.sap.com/viewer/00f68c2e08b941f0818e6fd3a6fdceed/latest/en-US/6f3b4c5f6f9c4f3d9b393a7f5d5f5e5d.html)
NEW QUESTION # 47
What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.
- A. Company
- B. Leading unit
- C. Company code
- D. Partner unit
Answer: B,D
NEW QUESTION # 48
What happens when you set the communication status to "Done" in SAP Intercompany Matching and Reconciliation?
- A. Overdue alarms are cleared.
- B. Differences are set to zero.
- C. A notification is sent.
- D. An inbox entry is created.
Answer: A
NEW QUESTION # 49
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: D
NEW QUESTION # 50
What selection is a required global parameter?
There are 2 correct answers to this question
- A. Fiscal year variant
- B. Consolidation group
- C. Consolidation chart of accounts
- D. Consolidation unit
Answer: A,C
NEW QUESTION # 51
What is the best way to run a YTD report?
- A. Configure group reporting to store YTD data
- B. Calculate YTD data in a custom analytical query
- C. Use the period mode selection in the report
- D. Use the YTD measure in the report
Answer: C
NEW QUESTION # 52
What translation setting in the sequence would allow you to preserve an existing group currency amount?
- A. Currency translation indicator
- B. Reference rate
- C. Source for group currency key figure
- D. Translation key
Answer: C
Explanation:
The "Source for group currency key figure" setting in the sequence allows you to preserve an existing group currency amount during translation.
NEW QUESTION # 53
What are the SAP Group Reporting Data Collection mappings based on?
- A. Data collection configuration tables
- B. Excel Files
- C. CSV Files
- D. Data collection methods
Answer: A
Explanation:
the SAP Group Reporting Data Collection mappings are based on data collection configuration tables2.
The SAP Group Reporting Data Collection mappings are based on data collection configuration tables. These tables store the mapping rules and definitions that enable the system to import data from various data sources into the SAP Group Reporting Data Collection system. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c264b62a7e2d2a1e7d31fbc.html)
NEW QUESTION # 54
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: A,C
NEW QUESTION # 55
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 # 56
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. Companies are not mapped to consolidation units.
- B. The period is closed in group reporting.
- C. Company codes are are not mapped to consolidation units.
- D. The period is closed in the general ledger.
Answer: B,D
NEW QUESTION # 57
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SAP C-S4FCC-2021 certification exam is designed to validate the skills and knowledge of professionals who specialize 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 individuals who have experience in implementing and configuring SAP S/4HANA Finance for Group Reporting, as well as those who have an understanding of the overall architecture and functionality of the solution. C_S4FCC_2021 exam measures the candidate's ability to perform various tasks related to financial reporting, consolidation, and group accounting in SAP S/4HANA, and to demonstrate the use of key features and functionalities of the solution.
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