C-S4FCC-2021 Free Study Guide! with New Update 80 Exam Questions
Get up-to-date Real Exam Questions for C-S4FCC-2021 UPDATED [2023]
NEW QUESTION # 37
What selection is a required global parameter?
- A. Fiscal year variant
- B. Consolidation chart of accounts
- C. Consolidation group
- D. Consolidation unit
Answer: A
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 # 38
What fields are relevant for consolidation units that come from non-SAP systems?Note: There are 2 correct answers to this question.
- A. Source for local currency key figure
- B. Source for group currency key figure
- C. Universal journal integration
- D. Local currency
Answer: C,D
NEW QUESTION # 39
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an import connection
- B. Use an SAP Fiori app for an embedded story
- C. Use an SAP Fiori app to launch SAP Analytics Cloud
- D. Use a live connection
Answer: B,C
NEW QUESTION # 40
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. BSEG records are copied into group reporting.
- B. ACDOCA records are copied into group reporting.
- C. ACDOCC records are copied into group reporting.
- D. ACDOCP records are copied into group reporting.
Answer: A,C
NEW QUESTION # 41
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To a currency translation adjustment subitem
- B. To currency translation adjustment FS item
- C. To the original FS item
- D. To the original subitem
Answer: A,B
Explanation:
Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.
NEW QUESTION # 42
What are the required settings for the elimination of intercompany profit in inventory method?
Note: There are 2 correct answers to this question.
- A. Percent from partner
- B. Partner inclusion
- C. Selection of percentages
- D. Percentage periodic
Answer: B,C
Explanation:
In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.
NEW QUESTION # 43
Which task uses a blank posting level?
- A. Currency translation
- B. Calculate net income
- C. Data collection
- D. Release universal journal
Answer: B
NEW QUESTION # 44
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. Elimination entries are posted.
- B. The reconciliation status is set to closed.
- C. Variance entries are posted.
- D. The elimination status is set to closed.
Answer: B
NEW QUESTION # 45
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 the Copy Transaction Data app
- D. Run balance carry forward
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 # 46
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. ACDOCP records are copied into group reporting.
- B. BSEG records are copied into group reporting.
- C. ACDOCC records are copied into group reporting.
- D. ACDOCA records are copied into group reporting.
Answer: A,D
NEW QUESTION # 47
How are the investment and the non-controlling interest values accounted for in the purchase method?
Note: There are 2 correct answers to this question.
- A. The Investment is eliminated.
- B. The investment is adjusted.
- C. There can be non-controlling interest values.
- D. There cannot be any non-controlling interest values.
Answer: B,C
Explanation:
In the purchase method, there can be non-controlling interest values representing the portion of the subsidiary not owned by the parent company. The investment is adjusted to reflect the fair value of the acquired subsidiary's net assets.
NEW QUESTION # 48
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.
- A. Prepare for consolidation group change
- B. Eliminate intercompany
- C. Calculate net income
- D. Translate currency
Answer: C,D
NEW QUESTION # 49
What do group journal validation and substitution have in common?
Note: There are 2 correct answers to this question.
- A. Control levels
- B. Preconditions
- C. Filtering logic
- D. Table lookups
Answer: A,D
NEW QUESTION # 50
What FS item types can you use in SAP S/4HANA Finance for group reporting?
Note: There are 3 correct answers to this question.
- A. Asset
- B. Profit & Loss
- C. Statistical
- D. Reporting
- E. Balance sheet
Answer: B,C,E
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, FS item types that you can use in SAP S/4HANA Finance for group reporting are:
Balance sheet: An FS item type that represents a balance sheet item, such as assets, liabilities or equity. Balance sheet items are carried forward from one period to another and are translated using historical or current rates depending on their balance type.
Profit & Loss: An FS item type that represents an income statement item, such as revenue, expense or net income. Profit & loss items are not carried forward from one period to another and are translated using average or current rates depending on their balance type.
Statistical: An FS item type that represents a statistical item, such as variances or differences between debit and credit balances. Statistical items do not affect the balance sheet total or net income and are not translated.
NEW QUESTION # 51
What fields are relevant for consolidation units that come from non-SAP systems?Note: There are 2 correct answers to this question.
- A. Source for local currency key figure
- B. Source for group currency key figure
- C. Universal journal integration
- D. Local currency
Answer: A,B
Explanation:
The fields relevant for consolidation units that come from non-SAP systems include source for group currency key figure and source for local currency key figure1.
NEW QUESTION # 52
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. Trigger
- B. Source
- C. Destination
- D. Percentage
Answer: B,C
Explanation:
In order to reclassify local finished goods into corporate finished goods inventory using a reclassification method sequence, you must maintain settings such as destination and source1.
NEW QUESTION # 53
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
- A. A consolidation cycle
- B. A consolidation ledger
- C. A source version
- D. A source category
Answer: A,B
NEW QUESTION # 54
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