C_S4FCC_2021 Actual Questions Answers PDF 100% Cover Real Exam Questions [Q24-Q45]

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C_S4FCC_2021 Actual Questions Answers PDF 100% Cover Real Exam Questions

C_S4FCC_2021 Exam questions and answers

The SAP C-S4FCC-2021 exam is designed for individuals who possess foundational knowledge and skills in SAP S/4HANA Finance for Group Reporting. This certification exam assesses the candidate’s ability to apply their knowledge and skills in performing various tasks related to financial consolidation, group closing, and legal consolidation. The exam validates the candidate’s proficiency in using SAP S/4HANA Finance for Group Reporting and their understanding of financial management principles and practices.

Q24. What must you do in order to release data from a prior period?

Run balance carry forward

Run the Copy Transaction Data app

Change your global parameters

Release data with an offset of -1

Q25. From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.

ACDOCU

ACDOCP

ACDOCC

ACDOCA

Q26. What does balance carry forward do?

It carries forward asset values to the same subitem as in the previous year by default.

It carries forward reporting FS items to the same FS item as in the previous year by default unless otherwise specified.

It carries forward statistical FS items to the same subitem as in the previous year by default.

It carries forward equity values to the same FS item as in the previous year by default unless otherwise specified.

Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.

Q27. Which period mode is possible in SAP Group Reporting Data Collection forms?

Weekly

Daily

Annual

Periodic

In SAP Group Reporting Data Collection forms, the possible period mode is Periodic, which represents monthly, quarterly, or yearly periods.

Q28. From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.

ACDOCU

ACDOCP

ACDOCC

ACDOCA

SAP Intercompany Matching and Reconciliation accesses intercompany data from tables ACDOCU (Universal Journal Entry Line Items – Consolidation View) and ACDOCA (Universal Journal Entry Line Items – General Ledger View). These tables store the financial data needed for the intercompany reconciliation process.

Q29. What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.

Override substitution rules by inputting values in the Excel file

Specify the posting level on the header section of the template

Adapt the template to include your own custom fields

Post the journal entry to multiple versions at the same time

Upload multiple journal entries using a single Excel file

Q30. 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?

Map all 10 cash G/L accounts to one FS item

Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node

Map the group account 10000000 to an FS item

Map the Cash_node to an FS item

Q31. Company A purchased 80% of Company B for 80 million in December of 2022. Company B’s equity is 50 million. What accounting entries should be generated when consolidation is run for December of 2022?
Note: There are 2 correct answers to this question.

Debit goodwill 50 million

Credit investment 64 million

Debit goodwill 40 million

Credit investment 80 million

Q32. What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.

Consolidation unit eliminated

Profit center

Consolidation unit

Profit center eliminated

Q33. From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.

ACDOCU

ACDOCP

ACDOCC

ACDOCA

Q34. What field values are controlled by breakdown categories when posting to SAP S/4HANA Finance for group reporting?

Subitems

Consolidation units

FS items

Custom fields

Q35. How are posting levels used?

They identify the origin of values.

They identify the destination of values.

They determine the level of granularity for balance carry forward.

They determine the level of granularity for data release.

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.

Q36. 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

Q37. What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.

Asource category

A source version

A consolidation cycle

Aconsolidation ledger

Q38. Your currency translation is not translating opening balances.What setting must be changed?

Translation key

Exchange rate indicator

Reference rate

Selection

Q39. In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

Multiply

Divide

Amount

Quantity

Q40. 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:

What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?

Import the full ownership percentages for CGO0A and CGOOE consolidation groups

Import the ownership percentage change for CGOOE and the CGOOW consolidation groups

Import the ownership percentage change the CGOOE consolidation group

Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups

Q41. Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.

To currency translation adjustment FS item

To the original FS item

To the original subitem

To a currency translation adjustment subitem

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.

Q42. 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.

Released data

Reported data

Standardized data

Translated data

To use a new validation method, the task IDs used when assigning the methods to consolidation are Reported data and Standardized data. These tasks represent different stages of the data processing in the consolidation process, and validations can be applied at these stages to ensure data accuracy and consistency.

Q43. 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.

Q44. What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.

Company code

Company

Leading unit

Partner unit

Q45. What can be attached to a group journal entry?Note: There are 3 correct answers to this question.

Audio files

Excel files

URLs

Word documents

Video files

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