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Achieving the SAP C_S4FCC_2021 certification demonstrates that an individual has the skills and knowledge required to implement SAP S/4HANA Finance for Group Reporting effectively. It is a valuable certification for finance and accounting professionals who work in large organizations that require the preparation of consolidated financial statements. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification can also enhance an individual's career prospects by demonstrating their expertise in SAP S/4HANA Finance and their commitment to professional development.
Achieving the SAP C-S4FCC-2021 certification demonstrates that the candidate has the knowledge and skills required to implement and maintain SAP S/4HANA Finance for Group Reporting solutions. SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification is recognized globally and can enhance the candidate's career prospects. In addition, certified professionals can gain access to SAP's global community of experts and resources, including ongoing training and education opportunities. By passing the SAP C-S4FCC-2021 certification exam, candidates can demonstrate their commitment to professional development and their dedication to providing high-quality SAP solutions.
NEW QUESTION # 42
When booking group journal entries your customer needs to record values by business area, but it isn't available in the Post Group Journal Entries app. What must you do?
- A. Add business area to the ACDOCU table
- B. Add business area to a breakdown category
- C. Enable business area for input
- D. Enable business area as an attribute for consolidation unit
Answer: A
Explanation:
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NEW QUESTION # 43
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.
- A. Eliminate intercompany
- B. Prepare for consolidation group change
- C. Calculate net income
- D. Translate currency
Answer: A,D
Explanation:
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 # 44
What must you do in order to release data from a prior period?
- A. Change your global parameters
- B. Run the Copy Transaction Data app
- C. Release data with an offset of -1
- 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 # 45
What are the prerequisites for a horizontal merger?
Note: There are 2 correct answers to this question.
- A. Both consolidation units belong to the same consolidation group.
- B. Both consolidation units have the different investors.
- C. Both consolidation units belong to different consolidation groups.
- D. Both consolidation units have the same investors.
Answer: A,C
NEW QUESTION # 46
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 and CGOOE consolidation groups
- B. Import the full ownership percentages for CGO0A, 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 for CGOOE and the CGOOW consolidation groups
- E. Import the ownership percentage change the CGOOE consolidation group
Answer: A
NEW QUESTION # 47
What selection is a required global parameter?
- A. Consolidation chart of accounts
- B. Consolidation group
- C. Fiscal year variant
- D. Consolidation unit
Answer: C
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 # 48
What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.
- A. Company code
- B. Partner unit
- C. Company
- D. Leading unit
Answer: A,D
NEW QUESTION # 49
What field is part of a consolidation group master data record?
- A. Currency translation method
- B. Consolidation method
- C. Validation method
- D. Reclassification method
Answer: B
NEW QUESTION # 50
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 all 10 cash G/L accounts to one FS item
- D. Map the group account 10000000 to an FS item
Answer: A
NEW QUESTION # 51
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:
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. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
- C. 2 records for cost center A are posted and 2 records for cost center B are posted.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
- E. 1 record with a blank cost center is posted.
Answer: B
NEW QUESTION # 52
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: D
NEW QUESTION # 53
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question
- A. Subitems
- B. Consolidation units
- C. Custom fields
- D. FS items
Answer: A,D
NEW QUESTION # 54
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.
- A. To consolidation units
- B. To versions
- C. To consolidation groups
- D. To consolidation ledgers
Answer: A,B
NEW QUESTION # 55
Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.
- A. To currency translation adjustment FS item
- B. To the original FS item
- C. To a currency translation adjustment subitem
- D. To the original subitem
Answer: A,B
NEW QUESTION # 56
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 Data Monitor app
- C. Run the Equity Pickup app
- D. Run the Consolidation Monitor app
Answer: C
Explanation:
When using equity pickup in SAP S/4HANA Finance for group reporting, you need to run the Equity Pickup app. This app calculates the equity pickup amounts and updates the relevant data.
NEW QUESTION # 57
What document types does SAP provide when importing from SAP Group Reporting Data Collection to SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. 0D
- B. OB
- C. OA
- D. OC
Answer: A,B
Explanation:
According to the Document Types document1, document types are used across SAP Group Reporting Data Collection apps to enter or map data for consolidation. The document types are part of the SAP content, but others can be created and used as well. The following document types are predefined by SAP and available for data mapping1:
0C: Data entry of reported financial data using a mapping from an import file
0D: Data entry of reported financial data using a mapping from Accounting
07: External reported data mapped using a public API and data entry of reported financial data using a mapping from Group reporting
NEW QUESTION # 58
In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?
- A. They identify transaction differences in intercompany eliminations.
- B. They identify currency translation differences in intercompany eliminations.
- C. They generate inbox entries.
- D. They generate variance postings.
Answer: B
NEW QUESTION # 59
What is required to run a management consolidation report?
- A. Select a consolidation group
- B. Select a segment hierarchy
- C. Create custom report logic
- D. Create a duplicate data set& EXACTPREP"
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Answer: B
NEW QUESTION # 60
When booking group journal entries your customer needs to record values by business area, but it isn't available in the Post Group Journal Entries app.
What must you do?
- A. Add business area to the ACDOCU table
- B. Add business area to a breakdown category
- C. Enable business area for input
- D. Enable business area as an attribute for consolidation unit
Answer: A
NEW QUESTION # 61
What validation tasks should be run after running a reclassification with posting level 10?
Note: There are 2 correct answers to this question.
- A. Validate standardized data
- B. Validate reported data
- C. Validate universal journal
- D. Validate consolidated data
Answer: B,D
Explanation:
After running a reclassification with posting level 10, you should run the validation tasks for consolidated data and reported data.
NEW QUESTION # 62
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 the general ledger.
- C. The period is closed in group reporting.
- D. Company codes are not mapped to consolidation units.
Answer: C,D
Explanation:
You cannot release data if company codes are not mapped to consolidation units or if the period is closed in group reporting. Both of these conditions prevent the release of data for consolidation.
NEW QUESTION # 63
What are the SAP Group Reporting Data Collection mappings based on?
- A. Data collection methods
- B. Data collection configuration tables
- C. CSV Files
- D. Excel Files
Answer: B
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 # 64
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