C-S4FCC-2021 sample questions answers

[UPDATED 2023] Read C-S4FCC-2021 Study Guide Cover to Cover as Literally

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NEW QUESTION 36
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 consolidation ledger

An extension ledger

The leading ledger

Aspecial purpose ledger

The predictive ledger

NEW QUESTION 37
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?

The reconciliation status is set to closed.

Variance entries are posted.

Elimination entries are posted.

The elimination status is set to closed.

NEW QUESTION 38
What selection is a required global parameter?

Consolidation chart of accounts

Fiscal year variant

Consolidation unit

Consolidation group

NEW QUESTION 39
What can happen in SAP S/4HANA Finance for group reporting when you release data?
Note: There are 2 correct answers to this question.

ACDOCC records are copied into group reporting.

ACDOCP records are copied into group reporting.

ACDOCA records are copied into group reporting.

BSEG records are copied into group reporting.

NEW QUESTION 40
What FS item types can you use in SAP S/4HANA Finance for group reporting?
Note: There are 3 correct answers to this question.

Balance sheet

Asset

Profit & Loss

Reporting

Statistical

NEW QUESTION 41
What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.

Subitems

Posting levels

Hierarchy levels

FS items

In a reporting rule, a report item can be assigned to subitems and FS (Financial Statement) items. Subitems are used to provide more detailed information or breakdowns of the FS items, while FS items represent the main line items in the financial statements.

NEW QUESTION 42
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 consolidation ledger

An extension ledger

The leading ledger

A special purpose ledger

The predictive ledger

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.

NEW QUESTION 43
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?

The reconciliation status is set to closed

Variance entries are posted

Elimination entries are posted

The elimination status is set to closed

NEW QUESTION 44
What are settings you can define in a document type?
Note: There are 3 correct answers to this question.

Reversal document type

Account range

Number range

Posting level

Balance check

In a document type, you can define the reversal document type, number range, and posting level. The reversal document type is used for reversing entries. The number range determines the range of document numbers that can be assigned to documents of that type. The posting level defines whether the document type is used for single-level or cross-company code postings. You can find more information in the SAP S/4HANA Finance for Group Reporting documentation under “Document Types”.

NEW QUESTION 45
How can FS items be determined for balance carry forward? Note: There are 3 correct answers to this question.

Viaa configuration table

Via their scope attributes

Via their FS item type

Via selection objects

Via their role attribute

NEW QUESTION 46
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?

1 record with a blank cost center is posted.

1 record for cost center A is posted and 1 record for cost center B is posted.

4 records with a blank cost center are posted.

2 records for cost center A are posted and 2 records for cost center B are posted.

NEW QUESTION 47
What master data objects can be used in global accounting hierarchies?
Note: There are 3 correct answers to this question.

Consolidation group

Profit center

Reporting item

Consolidation unit

Breakdown category

NEW QUESTION 48
Where do non-historic currency translation adjustments normally post?
Note: There are 2 correct answers to this question.

To a currency translation adjustment FS item

To the original FS item

To the original subitem

To a currency translation adjustment subitem

NEW QUESTION 49
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.

Calculate net income

Prepare for consolidation group change

Translate currency

Eliminate intercompany

From the data monitor, you can run tasks such as Translate currency to convert financial data into the group currency and Eliminate intercompany to remove intercompany transactions during the consolidation process.
According to the document, some of the tasks that can be run from the Data Monitor are1:
Translate currency: This task translates the reported data of consolidation units into group currency using the exchange rates maintained in the system.
Eliminate intercompany: This task eliminates the intercompany transactions and balances between consolidation units using the reclassification methods defined in the system.

NEW QUESTION 50
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.

Vertical

Circular

Single level

Horizontal

According to the SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam1, the ownership chains that are supported in the equity pickup solution are:
Vertical: A vertical ownership chain is a direct or indirect ownership relationship between two units in the same consolidation group. For example, if unit A owns 80% of unit B, and unit B owns 60% of unit C, then there is a vertical ownership chain from A to C.
Horizontal: A horizontal ownership chain is an ownership relationship between two units that are not in the same consolidation group, but have a common parent unit. For example, if unit A owns 80% of unit B and 70% of unit C, then there is a horizontal ownership chain between B and C.

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SAP C-S4FCC-2021 certification exam is an excellent opportunity for individuals to validate their skills and knowledge 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 can enhance the candidate’s career prospects and provide them with the necessary skills to implement and configure the SAP S/4HANA Finance for Group Reporting solution. C-S4FCC-2021 exam is challenging, but with the right preparation and training, candidates can pass the exam and become SAP certified professionals.

SAP C-S4FCC-2021 certification exam is a valuable certification for professionals who work with SAP S/4HANA Finance for Group Reporting. C-S4FCC-2021 exam covers a range of topics and tests the skills and knowledge of individuals in this area. SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification is recognized globally and is a valuable asset for individuals who wish to advance their careers in the field of finance.

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[UPDATED 2023] Read C-S4FCC-2021 Study Guide Cover to Cover as Literally [Q36-Q50]