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C_S4FCC_2021 Sample Questions Answers

Questions 4

In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?

Options:

A.

They generate inbox entries.

B.

They identify currency translation differences in intercompany eliminations.

C.

They generate variance postings.

D.

They identify transaction differences in intercompany eliminations.

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Questions 5

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

Options:

A.

Weekly

B.

Daily

C.

Annual

D.

Periodic

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Questions 6

What dimensions can be used in an intercompany report to provide a consolidation view?

Note: There are 2 correct answers to this question.

Options:

A.

Consolidation unit eliminated

B.

Profit center

C.

Consolidation unit

D.

Profit center eliminated

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Questions 7

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

Options:

A.

Audio files

B.

Excel files

C.

URLs

D.

Word documents

E.

Video files

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Questions 8

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 answers to this question.

Options:

A.

Destination

B.

Trigger

C.

Source

D.

Percentage

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Questions 9

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

Options:

A.

Source for group currency key figure

B.

Universal journal integration

C.

Source for local currency key figure

D.

Local currency

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Questions 10

When running reports, what symbol is used to select a blank hierarchy?

Options:

A.

#

B.

@

C.

*

D.

$

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Questions 11

What are the required settings for the elimination of intercompany profit in inventory method?

Note: There are 2 correct answers to this question.

Options:

A.

Partner inclusion

B.

Percent from partner

C.

Percentage periodic

D.

Selection of percentages

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Questions 12

What can be left blank in a group journal entry substitution rule?

Options:

A.

Precondition

B.

Substitution

C.

Rule Name

D.

Description

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Questions 13

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 question.

Options:

A.

Create a reclassification method

B.

Create an elimination method

C.

Activate the reconciliation close process

D.

Activate an intercompany hierarchy

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Questions 14

What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?

Note: There are 3 correct answers to this question.

Options:

A.

Quantity variances

B.

Timing variances

C.

Translation variances

D.

True variances

E.

Price differences

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Questions 15

What can you do when using the import group journal entries template?

Note: There are 3 correct answers to this question.

Options:

A.

Override substitution rules by inputting values in the Excel file

B.

Specify the posting level on the header section of the template

C.

Adapt the template to include your own custom fields

D.

Post the journal entry to multiple versions at the same time

E.

Upload multiple journal entries using a single Excel file

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Questions 16

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?

Options:

A.

Import the full ownership percentages for CGO0A and CGOOE consolidation groups

B.

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

C.

Import the ownership percentage change the CGOOE consolidation group

D.

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

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Questions 17

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

Options:

A.

A source category

B.

A source version

C.

A consolidation cycle

D.

A consolidation ledger

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Questions 18

What tasks can be run from the data monitor?

Note: There are 2 correct answers to this question.

Options:

A.

Calculate net income

B.

Prepare for consolidation group change

C.

Translate currency

D.

Eliminate intercompany

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Questions 19

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?

Options:

A.

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

B.

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

C.

Map the group account 10000000 to an FS item

D.

Map the Cash_node to an FS item

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Questions 20

What are the prerequisites for a horizontal merger?

Note: There are 2 correct answers to this question.

Options:

A.

Both consolidation units have the same investors.

B.

Both consolidation units belong to different consolidation groups.

C.

Both consolidation units have the different investors.

D.

Both consolidation units belong to the same consolidation group.

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Questions 21

What are settings you can define in a document type?

Note: There are 3 correct answers to this question.

Options:

A.

Reversal document type

B.

Account range

C.

Number range

D.

Posting level

E.

Balance check

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Questions 22

What ownership chains are supported in the equity pickup solution?

Note: There are 2 correct answers to this question.

Options:

A.

Vertical

B.

Circular

C.

Single level

D.

Horizontal

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Questions 23

What update modes are possible when performing a flexible upload into SAP S/4HANA Finance for group reporting? Note: There are 2 correct answers to this question.

Options:

A.

Delete

B.

Overwrite

C.

Append

D.

Merge

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Questions 24

What could be the problem if you cannot release data?

Note: There are 2 correct answers to this question.

Options:

A.

Company codes are not mapped to consolidation units.

B.

The period is closed in the general ledger.

C.

Companies are not mapped to consolidation units.

D.

The period is closed in group reporting.

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Exam Code: C_S4FCC_2021
Exam Name: SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)
Last Update: Feb 13, 2025
Questions: 80
$66  $164.99
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