Verified C-S4FCC-2021 Exam Dumps PDF [2024] Access using TestSimulate [Q15-Q34]

Rate this post

Verified C-S4FCC-2021 Exam Dumps PDF [2024] Access using TestSimulate

Try Best C-S4FCC-2021 Exam Questions from Training Expert TestSimulate

The topics covered in the SAP C_S4FCC_2021 certification exam include financial consolidation, group reporting, intercompany processing, financial statements preparation, and master data management. C-S4FCC-2021 exam also assesses the candidate’s understanding of SAP S/4HANA Finance for Group Reporting architecture, data model, and system configuration. SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam is based on the latest SAP S/4HANA 2021 release, which ensures that the certified professionals have the most up-to-date knowledge and skills in the field of SAP S/4HANA Finance for Group Reporting.

NEW QUESTION 15
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

Breakdown categories control subitem field values when posting to SAP S/4HANA Finance for group reporting. Subitems are used to provide additional granularity and detail in financial reporting. (Reference: https://help.sap.com/viewer/0fa849c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html) According to the Breakdown Categories document1, breakdown categories classify subassignments that are required for Financial Statement (FS) items to perform consolidation tasks. The following breakdown category fields are supported1:
Partner Unit
Subitem Category
Subitem
Transaction Currency
Unit of Measure
For each FS item, the breakdown category determines which subassignments must be entered1. For example, if an FS item is assigned with breakdown category 1A10, the data records of this FS item must have a subitem category value of 1 (Transaction Type) and a subitem value from the selection S-BC-TT-011.

NEW QUESTION 16
What special version do you need to use in order to share ownership relationships?

Structure

Consolidation unit attribute

Extension

Consolidation group attribute

To share ownership relationships, you need to use a special version with a consolidation group attribute. This attribute allows you to define the ownership relationships between consolidation units and groups, which is essential for group reporting in SAP S/4HANA Finance.

NEW QUESTION 17
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?

A source category

A source version

A consolidation cycle

A consolidation ledger

NEW QUESTION 18
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?

Consolidation unit

Consolidation group

Company

Company code

NEW QUESTION 19
You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.

NEW QUESTION 20
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.

Source for group currency key figure

Universal journal integration

Source for local currency key figure

Local currency

NEW QUESTION 21
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

NEW QUESTION 22
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

NEW QUESTION 23
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

NEW QUESTION 24
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 25
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 26
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 27
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?

A source category

A source version

A consolidation cycle

A consolidation ledger

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a consolidation ledger must be configured in order to release plan data into SAP S/4HANA Finance for group reporting. A consolidation ledger is a data container that stores the plan data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of plan data.

NEW QUESTION 28
What selection is a required global parameter?

Consolidation chart of accounts

Fiscal year variant

Consolidation unit

Consolidation group

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 29
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 30
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?

Consolidation unit

Consolidation group

Company

Company code

NEW QUESTION 31
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?

Use an import connection

Use an SAP Fiori app to launch SAP Analytics Cloud

Use an SAP Fiori app for an embedded story

Use a live connection

NEW QUESTION 32
What validation tasks should be run after running a reclassification with posting level 10?
Note: There are 2 correct answers to this question.

Validate consolidated data

Validate universal journal

Validate standardized data

Validate reported data

NEW QUESTION 33
What posting level is used when you import group shares?

When you import group shares, posting20 is used. Posting level 20 is specifically designed for the import of group shares in SAP S/4HANA Finance for group reporting.

NEW QUESTION 34
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.

Since cost center is set to aggregate in SAP S/4HANA Finance for group reporting, the system will aggregate the data based on the cost center field. In this case, the data for cost center A and cost center B will be aggregated, and a single record with a blank cost center will be posted in group reporting.

Loading …

Latest 100% Passing Guarantee – Brilliant C-S4FCC-2021 Exam Questions PDF: https://www.testsimulate.com/C-S4FCC-2021-study-materials.html

Leave a Reply Cancel reply