C_S4FCC_2021 Exam Questions
79 real C_S4FCC_2021 exam questions with expert-verified answers and explanations. Page 1 of 2.
- Question #1Currency Translation
Your currency translation is not translating opening balances.What setting must be changed?
currency translationreference rateopening balancestranslation configuration - Question #2Master Data and Configuration
What do group journal validation and substitution have in common? Note: There are 2 correct answers to this question.
journal validationsubstitutionpreconditionsfiltering logic - Question #3Reporting and Analysis
The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?
data validationbalance sheetstatistical FS itemvariance posting - Question #4Master Data and Configuration
What are settings you can define in a document type? Note: There are 3 correct answers to this question.
document typenumber rangeposting levelreversal document type - Question #6Preparation and Data Acquisition
What table can SAP Group Reporting Data Collection update?
ACDOCCdata collectiondatabase tablesgroup reporting - Question #7Preparation and Data Acquisition
What can you do when using the import group journal entries template? Note: There are 3 correct answers to this question.
journal entry importExcel templatesubstitution overridecustom fields - Question #8Intercompany Reconciliation and Elimination
Upload multiple journal entries using a single Excel file. What method sequences are needed to eliminate intercompany profit in inventory? Note: There are 2 correct answers to this...
intercompany profit eliminationinventory eliminationnet incomemethod sequence - Question #9Master Data and Configuration
What FS item types can you use in SAP S/4HANA Finance for group reporting? Note: There are 3 correct answers to this question.
FS item typesbalance sheet itemsP&L itemsstatistical items - Question #10Master Data and Configuration
Where can fiscal year variants be assigned? Note: There are 2 correct answers to this question.
fiscal year variantconsolidation ledgerversion assignmentconfiguration - Question #11Consolidation of Investments
What does activity based consolidation of investments feature? Note: There are 2 correct answers to this question.
activity-based consolidationinvestment consolidationposting logicownership percentages - Question #12Master Data and Configuration
What fields are included in a consolidation unit master record? Note: There are 2 correct answers to this question.
consolidation unitmaster recordcurrency translation methodlocal currency key figure - Question #13Consolidation of Investments
What are the prerequisites for a horizontal merger? Note: There are 2 correct answers to this question.
horizontal mergerconsolidation groupmerger prerequisitesconsolidation units - Question #14Preparation and Data Acquisition
When you use the flexible upload, what are the file parameters? Note: There are 2 correct answers to this question.
flexible uploaddocument typeinput typedata upload parameters - Question #15Consolidation of Assets and Liabilities
What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory? Note: There are 2 correct...
reclassificationmethod sequencefinished goods inventorysource and destination - Question #16Currency Translation
What is the currency translation method assigned to in group reporting?
currency translation methodconsolidation unitmethod assignment - Question #17Master Data and Configuration
What fields are relevant for consolidation units that come from non-SAP systems? Note: There are 2 correct answers to this question.
non-SAP systemsconsolidation unitgroup currency key figurelocal currency key figure - Question #18Intercompany Reconciliation and Elimination
What dimensions can be used in a hierarchical elimination? Note: There are 2 correct answers to this question.
hierarchical eliminationcompany dimensionprofit centerelimination dimensions - Question #19Intercompany Reconciliation and Elimination
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules? Note: There are 3 correct answers to this question.
item groupsintercompany matchingposting rulesvariance types - Question #20Preparation and Data Acquisition
Which task uses a blank posting level?
posting leveldata collectionblank posting leveltask configuration - Question #21Consolidation of Investments
How is SAP S/4HANA Finance for group reporting updated when using equity pickup?
equity pickupconsolidation monitorgroup reporting updateinvestment consolidation - Question #22Master Data and Configuration
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?
breakdown categoriesbusiness areagroup journal entriesconsolidation unit - Question #23Preparation and Data Acquisition
What could be the problem if you cannot release data? Note: There are 2 correct answers to this question.
data releasecompany code mappingconsolidation unitsperiod close - Question #24Master Data and Configuration
Which version stores only delta amounts?
planning versiondelta amountsconsolidation versions - Question #25Reporting and Analysis
What does the report logic in SAP S/4HANA group reporting do?
report logicconsolidation group hierarchyfirst common parentFS items - Question #26Reporting and Analysis
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?
SAP Analytics Cloudlive connectionplanninggroup reporting integration - Question #27Preparation and Data Acquisition
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 q...
SAP Group Reporting Data Collectiondocument typesdata importGRDC - Question #28Master Data and Configuration
How are posting levels used?
posting levelsvalue originconsolidation journal entries - Question #29Master Data and Configuration
What can be left blank in a group journal entry substitution rule?
substitution rulesgroup journal entriespreconditionrule configuration - Question #30Consolidation of Investments
What special version do you need to use in order to share ownership relationships?
ownership relationshipsconsolidation group attribute versionversion types - Question #31Consolidation of Investments
Your consolidation monitor is missing the group share calculation task. How could you correct the issue? Note: There are 2 correct answers to this question.
consolidation monitortask groupsgroup share calculationversion assignment - Question #32Intercompany Reconciliation and Elimination
What does a reconciliation case in SAP Intercompany Matching and Reconciliation do?
reconciliation casematching methodsICMR configuration - Question #33Master Data and Configuration
What field is part of a consolidation group master data record?
consolidation group master dataconsolidation methodgroup attributes - Question #34Intercompany Reconciliation and Elimination
You have the following hierarchy and intercompany transactions: How many elimination entities are generated?
elimination entitiesintercompany eliminationgroup hierarchyentity generation - Question #35Intercompany Reconciliation and Elimination
From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data? Note: There are 2 correct answers to this question.
ACDOCUACDOCAintercompany data tablesICMR data sources - Question #36Currency Translation
Where do non-historic currency translation adjustments normally post? Note: There are 2 correct answers to this question.
currency translation adjustmentnon-historic translationCTA FS itemsubitem posting - Question #37Consolidation of Investments
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 sh...
ownership percentagedelta importconsolidation groupspartial ownership change - Question #38Reporting and Analysis
What is required to run a management consolidation report?
management consolidationconsolidation group selectionreporting prerequisites - Question #39Preparation and Data Acquisition
What is the update schedule for SAP Group Reporting Data Collection?
SAP Group Reporting Data Collectionupdate scheduleGRDC release cadence - Question #40Consolidation of Investments
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...
investment eliminationgoodwill calculationequity consolidationpurchase accounting - Question #41Preparation and Data Acquisition
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.
source ledgersextension ledgerleading ledgergroup reporting data sources - Question #42Preparation and Data Acquisition
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.
validation methodstask IDsconsolidation unitsdata validation - Question #43Preparation and Data Acquisition
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 Financ...
cost center aggregationdata releaseACDOCAgroup reporting - Question #44Consolidation of Investments
What ownership chains are supported in the equity pickup solution? Note: There are 2 correct answers to this question.
equity pickupownership chainsvertical chainhorizontal chain - Question #45Intercompany Reconciliation and Elimination
What dimensions can be used in an intercompany report to provide a consolidation view? Note: There are 2 correct answers to this question.
intercompany reportsconsolidation dimensionsconsolidation uniteliminated unit - Question #46Intercompany Reconciliation and Elimination
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
intercompany reportsdimensional hierarchylegal perspectivecompany code - Question #47Preparation and Data Acquisition
What can happen in SAP S/4HANA Finance for group reporting when you release data? Note: There are 2 correct answers to this question.
data releaseACDOCAACDOCCgroup reporting tables - Question #48Intercompany Reconciliation and Elimination
In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?
reason codesintercompany matchingreconciliationtransaction differences - Question #49Consolidation of Investments
What posting level is used when you import group shares?
posting levelgroup shares importequity methodownership data - Question #50Intercompany Reconciliation and Elimination
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 questio...
intercompany eliminationelimination methodintercompany hierarchyICM&R integration - Question #51Consolidation of Assets and Liabilities
How do you create a group journal entry with multiple versions?
group journal entryextension versionsmanual adjustmentsversions