C_S4FCC_2021 Question #1: Real Exam Question with Answer & Explanation

The correct answer is C. Reference rate. According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to t

Question

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

Options

ATranslation key
BExchange rate indicator
CReference rate
DSelection

Explanation

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take

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