Updated May 16, 2023 Test Engine to Practice Test for C_S4FCC_2021 Valid and Updated Dumps [Q32-Q51]

C_S4FCC_2021 SAP

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Updated May 16, 2023 Test Engine to Practice Test for C_S4FCC_2021 Valid and Updated Dumps

Exam Questions for C_S4FCC_2021 Updated Versions With Test Engine

The SAP C-S4FCC-2021 exam is an associate-level certification that is designed for finance professionals who are keen to demonstrate their expertise in the SAP S/4HANA Finance for Group Reporting solution. The exam tests candidates on their understanding of key concepts such as organizational structures, group close processes, and financial consolidation. Successful candidates will gain recognition for their skills in implementing and configuring SAP S/4HANA Finance for Group Reporting.

The SAP C_S4FCC_2021 exam consists of 80 multiple-choice questions and has a duration of 180 minutes. The exam covers various topics related to SAP S/4HANA Finance for Group Reporting, including financial accounting in SAP S/4HANA, group closing in SAP S/4HANA, financial statement preparation, and consolidation. Candidates must attain a minimum score of 65% to pass the exam and receive their certification. Successful candidates can use the SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification to demonstrate their expertise to employers and clients and advance their careers in the field of finance and accounting.

QUESTION 32
What is the update schedule for SAP Group Reporting Data Collection?

Twice a year

Once a year

Twice a month

Once a month

QUESTION 33
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

QUESTION 34
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.

QUESTION 35
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.

Delete

Overwrite

Append

Merge

QUESTION 36
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.

A consolidation ledger

An extension ledger

The leading ledger

A special purpose ledger

The predictive ledger

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.

QUESTION 37
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.

Vertical

Circular

Single level

Horizontal

QUESTION 38
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.

Create a reclassification method

Create an elimination method

Activate the reconciliation close process

Activate an intercompany hierarchy

QUESTION 39
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.

Released data

Reported data

Standardized data

Translated data

QUESTION 40
How can FS items be determined for balance carry forward? Note: There are 3 correct answers to this question.

Viaa configuration table

Via their scope attributes

Via their FS item type

Via selection objects

Via their role attribute

QUESTION 41
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

QUESTION 42
What is the source when viewing group reporting data in SAP Analysis for Office?

A contribution view

A calculation view

A consolidation view

A core data services view

QUESTION 43
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?

Import the full ownership percentages for CGO0A and CGOOE consolidation groups

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

Import the ownership percentage change the CGOOE consolidation group

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

When the ownership percentage for France increases from 75% to 76% in February 2023, you only need to update the CGOOE consolidation group with the new ownership percentage. The other consolidation groups (CGO0A and CGOOW) are not affected by this change and do not need to be updated.

QUESTION 44
You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

QUESTION 45
The balance sheet in SAP S/4HANA Finance for group reporting is out of balance.
When data validation is run, what is the result?

The variance will be posted to a statistical financial statement item.

Subsequent tasks cannot be run but can be blocked.

Subsequent tasks can be run but cannot be blocked.

The variance will be posted to a reporting financial statement item.

QUESTION 46
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?

The reconciliation status is set to closed.

Variance entries are posted.

Elimination entries are posted.

The elimination status is set to closed.

QUESTION 47
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.

A consolidation ledger

An extension ledger

The leading ledger

A special purpose ledger

The predictive ledger

QUESTION 48
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.

A consolidation ledger

An extension ledger

The leading ledger

A special purpose ledger

The predictive ledger

QUESTION 49
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.

Add a custom task based on a BAdI

Change a task group

Assign a different task group to your version

Add a custom task based on an API

QUESTION 50
What is the update schedule for SAP Group Reporting Data Collection?

Twice a year

Once a year

Twice a month

Once a month

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.

QUESTION 51
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.

Company codes are not mapped to consolidation units.

The period is closed in the general ledger.

Companies are not mapped to consolidation units.

The period is closed in group reporting.

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