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SAP C_S4FCC_2021 exam covers various topics, including data collection and mapping, consolidation methods, intercompany eliminations, reconciliation, and reporting. Candidates are expected to have a solid understanding of financial accounting principles and concepts, as well as experience with SAP S/4HANA Finance for Group Reporting solution. C_S4FCC_2021 exam consists of 80 multiple-choice questions and has a time limit of 180 minutes.
NEW QUESTION # 14
Which task uses a blank posting level?
- A. Data collection
- B. Release universal journal
- C. Currency translation
- D. Calculate net income
Answer: D
NEW QUESTION # 15
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. Percentage rate
- B. Percentage complementary
- C. Selection for percentage
- D. Sign triggered reclassification
Answer: D
NEW QUESTION # 16
Your consolidation monitor is missing the group share calculation task. How could you correct the issue?
Note: There are 2 correct answers to this question.
- A. Add a custom task based on an API
- B. Change a task group
- C. Assign a different task group to your version
- D. Add a custom task based on a BAdI
Answer: B,C
NEW QUESTION # 17
What must you do in order to release data from a prior period?
- A. Change your global parameters
- B. Release data with an offset of -1
- C. Run balance carry forward
- D. Run the Copy Transaction Data app
Answer: A
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.
NEW QUESTION # 18
What are the SAP Group Reporting Data Collection mappings based on?
- A. Data collection configuration tables
- B. Data collection methods
- C. CSV Files
- D. Excel Files
Answer: B
NEW QUESTION # 19
How are posting levels used?
- A. They determine the level of granularity for balance carry forward.
- B. They identify the origin of values.
- C. They determine the level of granularity for data release.
- D. They identify the destination of values.
Answer: B
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 # 20
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 21
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. ACDOCC records are copied into group reporting.
- D. BSEG records are copied into group reporting.
Answer: A,B
NEW QUESTION # 22
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 all 10 cash G/L accounts to one FS item
- C. Map the group account 10000000 to an FS item
- D. Map the Cash_node to an FS item
Answer: C
NEW QUESTION # 23
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 24
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Company code
#1 Certification Exam Roadmap - B. Company
- C. Segment
- D. Profit center
Answer: A,D
NEW QUESTION # 25
What selection is a required global parameter?
- A. Consolidation unit
- B. Fiscal year variant
- C. Consolidation group
- D. Consolidation chart of accounts
Answer: B
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a fiscal year variant is a required global parameter that must be selected when creating a new consolidation scenario. A fiscal year variant defines the number and length of posting periods and special periods for a fiscal year. A fiscal year variant can be assigned to one or more consolidation scenarios.
NEW QUESTION # 26
How do you configure periodic vs. YTD translation?
- A. Translation key
- B. Currency translation indicator
- C. Reference rate
- D. Temporal translation difference
Answer: B
Explanation:
You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)
NEW QUESTION # 27
Upload multiple journal entries using a single Excel file.
What method sequences are needed to eliminate intercompany profit in inventory?
Note: There are 2 correct answers to this question.
- A. Reverse the elimination of net income of the seller
- B. Eliminate net income for the buyer
- C. Eliminate net income for the seller
- D. Reverse the elimination of net income of the buyer
Answer: C,D
NEW QUESTION # 28
How do you configure periodic vs. YTD translation?
- A. Translation key
- B. Currency translation indicator
- C. Reference rate
- D. Temporal translation difference
Answer: B
NEW QUESTION # 29
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Adapt the template to include your own custom fields
- B. Override substitution rules by inputting values in the Excel file
- C. Specify the posting level on the header section of the template
- D. Post the journal entry to multiple versions at the same time
- E. Upload multiple journal entries using a single Excel file
Answer: A,C,E
NEW QUESTION # 30
How is SAP S/4HANA Finance for group reporting updated when using equity pickup?
- A. Run the Import Group Journal Entries app
- B. Run the Consolidation Monitor app
- C. Run the Data Monitor app
- D. Run the Equity Pickup app
Answer: A
NEW QUESTION # 31
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Quantity
- B. Amount
- C. Multiply
- D. Divide
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 # 32
How can FS items be determined for balance carry forward? Note: There are 3 correct answers to this question.
- A. Via their role attribute
- B. Via their scope attributes
- C. Via their FS item type
- D. Via selection objects
- E. Viaa configuration table
Answer: A,C,E
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 # 33
What master data objects can be used in global accounting hierarchies?
Note: There are 3 correct answers to this question.
- A. Breakdown category
- B. Consolidation unit
- C. Consolidation group
- D. Profit center
- E. Reporting item
Answer: B,C,D
NEW QUESTION # 34
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SAP C_S4FCC_2021 is one of the most sought-after certifications in the IT industry. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification is designed to validate the knowledge and skills of SAP S/4HANA Finance for Group Reporting Associates. C_S4FCC_2021 exam is an associate-level certification, which means it is a beginner-level certification that is ideal for individuals who are just starting their career in SAP Finance. It is also an excellent certification for professionals who are already working in the field and want to upskill or validate their knowledge.
Achieving SAP C_S4FCC_2021 Certification validates an individual's skills and knowledge in SAP S/4HANA Finance for group reporting. It also enhances their career prospects by opening up new job opportunities and increasing their earning potential. Additionally, being certified by SAP gives individuals recognition within the SAP community and access to exclusive SAP resources and events.
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