C_S4FCC_2021 Sample Questions Answers

The source when viewing group reporting data in SAP Analysis for Office is a calculation view.

FS items can be determined for balance carry forward using a configuration table, their FS item type, and their role attribute. These factors help to classify FS items for different purposes in the consolidation process (SAP Help Portal: Define Financial Statement Items).

In the purchase method, there can be non-controlling interest values representing the portion of the subsidiary not owned by the parent company. The investment is adjusted to reflect the fair value of the acquired subsidiary's net assets.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, fiscal year variants can be assigned to:

• Consolidation ledgers: A consolidation ledger is a data container that stores the consolidated data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of consolidated data.
• Versions: A version is a data container that stores a specific version of consolidated data within a consolidation ledger. A version can have different settings than the consolidation ledger, such as fiscal year variant, currency translation indicator, etc.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the tasks that must be run before the activity based investment & equity elimination are:

• Calculate net income: This task calculates the net income of each consolidation unit based on their income statement items. The net income is used to determine the share of profit or loss of each parent unit in their subsidiaries.
• Calculate group share: This task calculates the group share percentage of each parent unit in their subsidiaries based on their ownership percentage and consolidation method. The group share percentage is used to determine the amount of investment and equity elimination.

When there is a balance sheet and income statement posting in a group journal entry, the offsetting entries are created by the selected Financial Statement (FS) items for automatic posting. This feature ensures that the balance sheet and income statement are always in balance (SAP Help Portal: Group Journal Entries).

The update schedule for SAP Group Reporting Data Collection is once a month. This ensures that the data used for group reporting purposes is up-to-date and accurate.

The report logic in SAP S/4HANA group reporting determines the first common parent based on consolidation group hierarchies. This is used for the elimination of intercompany transactions and consolidation of financial data.

In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.