[Jul-2023] SAP C-S4FCC-2021 DUMPS WITH REAL EXAM QUESTIONS
2023 New TorrentVCE C-S4FCC-2021 PDF Recently Updated Questions
The SAP C-S4FCC-2021 exam is ideal for professionals who work with SAP S/4HANA Finance for Group Reporting, such as financial analysts, accountants, and consultants. The exam covers topics such as consolidation, financial close, data collection, and reporting. Candidates can expect to be tested on their ability to create and manage a consolidated financial statement using SAP S/4HANA Finance for Group Reporting.
The SAP C_S4FCC_2021 exam consists of 80 multiple-choice questions, and the candidate has three hours to complete the exam. The questions are based on practical scenarios and require the candidate to apply their knowledge to solve real-world problems. The exam is available in English, Japanese, and Simplified Chinese.
NEW QUESTION # 12
What selection is a required global parameter?
- A. Fiscal year variant
- B. Consolidation chart of accounts
- C. Consolidation group
- D. Consolidation unit
Answer: A,B
NEW QUESTION # 13
When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?
- A. Selection objects
- B. The data validation task
- C. Selected FS items for automatic posting
- D. The calc net income task
Answer: B
NEW QUESTION # 14
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 December of 2022?
Note: There are 2 correct answers to this question.
- A. Debit goodwill 40 million
- B. Credit investment 64 million
- C. Credit investment 80 million
- D. Debit goodwill 50 million
Answer: A
NEW QUESTION # 15
Your currency translation is not translating opening balances.
What setting must be changed?
- A. Reference rate
- B. Exchange rate indicator
- C. Translation key
- D. Selection
Answer: B
NEW QUESTION # 16
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
- A. Company code
- B. Company
- C. Consolidation group
- D. Consolidation unit
Answer: D
NEW QUESTION # 17
What special version do you need to use in order to share ownership relationships?
- A. Consolidation group attribute
- B. Structure
- C. Consolidation unit attribute
- D. Extension
Answer: A
Explanation:
To share ownership relationships, you need to use a special version with a consolidation group attribute. This attribute allows you to define the ownership relationships between consolidation units and groups, which is essential for group reporting in SAP S/4HANA Finance.
NEW QUESTION # 18
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. The predictive ledger
- B. The leading ledger
- C. A consolidation ledger
- D. A special purpose ledger
- E. An extension ledger
Answer: B,C,D
NEW QUESTION # 19
What dimensions can be used in an intercompany report to provide a consolidation view?
- A. Profit center
- B. Profit center eliminated
- C. Consolidation unit eliminated
- D. Consolidation unit
Answer: C
NEW QUESTION # 20
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 December of 2022?
Note: There are 2 correct answers to this question.
- A. Debit goodwill 40 million
- B. Credit investment 80 million
- C. Credit investment 64 million
- D. Debit goodwill 50 million
Answer: A,C
NEW QUESTION # 21
What is the source when viewing group reporting data in SAP Analysis for Office?
- A. A calculation view
- B. A core data services view
- C. A consolidation view
- D. A contribution view
Answer: A,D
NEW QUESTION # 22
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 December of 2022?
Note: There are 2 correct answers to this question.
- A. Debit goodwill 40 million
- B. Credit investment 64 million
- C. Debit goodwill 50 million
- D. Credit investment 80 million
Answer: A,D
NEW QUESTION # 23
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?
- A. The reconciliation status is set to closed
- B. Variance entries are posted
- C. The elimination status is set to closed
- D. Elimination entries are posted
Answer: C
NEW QUESTION # 24
What is the best way to run a YTD report?
- A. Use the period mode selection in the report
- B. Configure group reporting to store YTD data
- C. Calculate YTD data in a custom analytical query
- D. Use the YTD measure in the report
Answer: A
NEW QUESTION # 25
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Single level
- B. Horizontal
- C. Circular
- D. Vertical
Answer: B,D
Explanation:
According to the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam1, the ownership chains that are supported in the equity pickup solution are:
Vertical: A vertical ownership chain is a direct or indirect ownership relationship between two units in the same consolidation group. For example, if unit A owns 80% of unit B, and unit B owns 60% of unit C, then there is a vertical ownership chain from A to C.
Horizontal: A horizontal ownership chain is an ownership relationship between two units that are not in the same consolidation group, but have a common parent unit. For example, if unit A owns 80% of unit B and 70% of unit C, then there is a horizontal ownership chain between B and C.
NEW QUESTION # 26
Which version stores only delta amounts?
- A. Group currency extension version
- B. Planning version
- C. Standard version
- D. Extension version
Answer: D
NEW QUESTION # 27
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.
- A. True variances
- B. Translation variances
- C. Timing variances
- D. Price differences
- E. Quantity variances
Answer: C,D,E
Explanation:
Item groups identify quantity variances, timing variances and price differences in SAP Intercompany Matching and Reconciliation posting rules1.
NEW QUESTION # 28
Where do non-historic currency translation adjustments normally post?
Note: There are 2 correct answers to this question.
- A. To a currency translation adjustment FS item
- B. To the original FS item
- C. To the original subitem
- D. To a currency translation adjustment subitem
Answer: A,C
NEW QUESTION # 29
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:
- 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. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- D. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
- E. Import the ownership percentage change the CGOOE consolidation group
Answer: B
NEW QUESTION # 30
Which task uses a blank posting level?
- A. Release universal journal
- B. Data collection
- C. Calculate net income
- D. Currency translation
Answer: A
NEW QUESTION # 31
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