C_S4FCC_2021 Practice Dumps – Verified By TestKingIT Updated 80 Questions [Q26-Q46]

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C_S4FCC_2021 Practice Dumps – Verified By TestKingIT Updated 80 Questions

Updated C_S4FCC_2021 Exam Dumps – PDF Questions and Testing Engine

SAP C-S4FCC-2021 exam is designed for professionals who want to validate their skills in implementing and managing SAP S/4HANA Finance for Group Reporting. SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification is one of the most sought-after credentials for individuals who want to demonstrate their expertise in the finance domain and gain recognition in their career. C_S4FCC_2021 exam measures the candidate’s knowledge of SAP S/4HANA Finance for Group Reporting and their ability to apply this knowledge to solve business problems.

SAP C-S4FCC-2021 certification exam covers a range of topics including the fundamentals of SAP S/4HANA Finance for Group Reporting, consolidation methods, financial statement preparation and analysis, intercompany and intracompany processes, and data migration. C_S4FCC_2021 exam is intended for professionals who have experience working with SAP S/4HANA Finance for Group Reporting and possess a strong understanding of financial accounting principles.

NEW QUESTION 26
What is the best way to run a YTD report?

Configure group reporting to store YTD data

Use the period mode selection in the report

Calculate YTD data in a custom analytical query

Use the YTD measure in the report

the best way to run a YTD report is to use the YTD measure in the report. YTD stands for year-to-date and refers to the cumulative amount of data from the beginning of the fiscal year to the current period. The YTD measure is a predefined measure that calculates the YTD amount for each FS item based on their role attribute and period mode.

NEW QUESTION 27
What FS item types can you use in SAP S/4HANA Finance for group reporting?
Note: There are 3 correct answers to this question.

Balance sheet

Asset

Profit & Loss

Reporting

Statistical

NEW QUESTION 28
When booking group journal entries your customer needs to record values by business area, but it isn’t available in the Post Group Journal Entries app.
What must you do?

Enable business area for input

Enable business area as an attribute for consolidation unit

Add business area to a breakdown category

Add business area to the ACDOCU table

NEW QUESTION 29
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.

Debit goodwill 50 million

Credit investment 64 million

Debit goodwill 40 million

Credit investment 80 million

NEW QUESTION 30
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?

A source category

A source version

A consolidation cycle

A consolidation ledger

NEW QUESTION 31
What is the update schedule for SAP Group Reporting Data Collection?

Twice a year

Once a year

Twice a month

Once a month

NEW QUESTION 32
What must you do in order to release data from a prior period?

Run balance carry forward

Run the Copy Transaction Data app

Change your global parameters

Release data with an offset of -1

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.

NEW QUESTION 33
Which version stores only delta amounts?

Planning version

Group currency extension version

Standard version

Extension version

NEW QUESTION 34
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.

Debit goodwill 50 million

Credit investment 64 million

Debit goodwill 40 million

Credit investment 80 million

NEW QUESTION 35
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

NEW QUESTION 36
What tasks must be run before the activity based investment & equity elimination?
Note: There are 2 correct answers to this question.

Run total divestiture

Calculate net income

Calculate group share

Run intercompany elimination

NEW QUESTION 37
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

Multiply

Divide

Amount

Quantity

NEW QUESTION 38
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.

NEW QUESTION 39
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.

NEW QUESTION 40
When booking group journal entries your customer needs to record values by business area, but it isn’t available in the Post Group Journal Entries app. What must you do?

Enable business area for input

Enable business area as an attribute for consolidation unit

Add business area to a breakdown category

Add business area to the ACDOCU table

To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.

NEW QUESTION 41
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.

NEW QUESTION 42
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.

To consolidation ledgers

To versions

To consolidation groups

To consolidation units

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.

NEW QUESTION 43
What selection is a required global parameter? There are 2 correct answers to this question

Consolidation chart of accounts

Fiscal year variant

Consolidation unit

Consolidation group

NEW QUESTION 44
You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

NEW QUESTION 45
What method sequences are needed to eliminate intercompany profit in inventory?
Note: There are 2 correct answers to this question.

Eliminate net income for the buyer

Reverse the elimination of net income of the buyer

Eliminate net income for the seller

Reverse the elimination of net income of the seller

NEW QUESTION 46
What are the prerequisites for a horizontal merger?
Note: There are 2 correct answers to this question.

Both consolidation units have the same investors.

Both consolidation units belong to different consolidation groups.

Both consolidation units have the different investors.

Both consolidation units belong to the same consolidation group.

The prerequisites for a horizontal merger include both consolidation units belonging to different consolidation groups and both consolidation units belonging to the same consolidation group1.

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C_S4FCC_2021 Practice Dumps – Verified By TestKingIT Updated 80 Questions [Q26-Q46]

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