Get 2023 Updated Free SAP C_S4FCC_2021 Exam Questions and Answer
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NEW QUESTION 27
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. Consolidation units
- B. Custom fields
- C. FS items
- D. Subitems
Answer: B
NEW QUESTION 28
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Single level
- B. Vertical
- C. Horizontal
- D. Circular
Answer: A,D
NEW QUESTION 29
What does the report logic in SAP S/4HANA group reporting do?
- A. It determines the first common parent based on consolidation group hierarchies.
- B. It prevents aggregation based on the FS item type.
- C. It determines the first common parent based on segment hierarchies.
- D. It reverses the sign based on the FS item type.
Answer: A,B
NEW QUESTION 30
Your currency translation is not translating opening balances.What setting must be changed?
- A. Translation key
- B. Exchange rate indicator
- C. Selection
- D. Reference rate
Answer: B
NEW QUESTION 31
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
- A. Use an SAP Fiori app for an embedded story
- B. Use an import connection
- C. Use a live connection
- D. Use an SAP Fiori app to launch SAP Analytics Cloud
Answer: C
NEW QUESTION 32
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Specify the posting level on the header section of the template
- B. Upload multiple journal entries using a single Excel file
- C. Post the journal entry to multiple versions at the same time
- D. Override substitution rules by inputting values in the Excel file
- E. Adapt the template to include your own custom fields
Answer: B,C,E
NEW QUESTION 33
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. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- B. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- C. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- D. Import the ownership percentage change the CGOOE consolidation group
- E. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
Answer: B
NEW QUESTION 34
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 35
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. Create a reclassification method
- B. Create an elimination method
- C. Activate the reconciliation close process
- D. Activate an intercompany hierarchy
Answer: A
NEW QUESTION 36
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.
- A. To consolidation units
- B. To consolidation ledgers
- C. To versions
- D. To consolidation groups
Answer: B,D
NEW QUESTION 37
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.
- A. To versions
- B. To consolidation units
- C. To consolidation ledgers
- D. To consolidation groups
Answer: A,B
NEW QUESTION 38
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 39
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. 4 records with a blank cost center are posted.
- B. 2 records for cost center A are posted and 2 records for cost center B 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 40
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 Cash_node to an FS item
- D. Map the group account 10000000 to an FS item
Answer: A
NEW QUESTION 41
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.
- A. Profit center
- B. Segment
- C. Company code
- D. Company
Answer: A,C
Explanation:
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NEW QUESTION 42
What field values are controlled by breakdown categories when posting to SAP S/4HANA Finance for group reporting?
- A. Custom fields
- B. FS items
- C. Consolidation units
- D. Subitems
Answer: B,C
NEW QUESTION 43
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
- A. Video files
- B. Audio files
- C. Word documents
- D. URLs
- E. Excel files
Answer: C,D,E
NEW QUESTION 44
What tasks must be run before the activity based investment & equity elimination?
Note: There are 2 correct answers to this question.
- A. Run intercompany elimination
- B. Run total divestiture
- C. Calculate net income
- D. Calculate group share
Answer: C,D
NEW QUESTION 45
In order to use a new validation method, what task IDs are used when assigning the methods to consolidation units? Note: There are 2 correct answers to this question.
- A. Released data
- B. Standardized data
- C. Reported data
- D. Translated data
Answer: B,C
NEW QUESTION 46
What fields are included in a consolidation unit master record?
Note: There are 2 correct answers to this question.
- A. Validation method
- B. Source for local currency key figure
- C. Currency translation method
- D. Source for document currency key figure
Answer: B,C
NEW QUESTION 47
In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?
- A. They generate variance postings.
- B. They identify transaction differences in intercompany eliminations.
- C. They generate inbox entries.
- D. They identify currency translation differences in intercompany eliminations.
Answer: D
NEW QUESTION 48
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