100% Real & Accurate C_S4FCC_2021 Questions and Answers with Free and Fast Updates [Q13-Q31]

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100% Real & Accurate C_S4FCC_2021 Questions and Answers with Free and Fast Updates

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QUESTION 13
When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?

The data validation task

Selected FS items for automatic posting

Selection objects

The calc net income task

QUESTION 14
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 15
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 16
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 17
What is required to run a management consolidation report?

Select a consolidation group

Create custom report logic

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Select a segment hierarchy

QUESTION 18
What does activity based feature?
Note: There are 2 correct answers to this question.

Ownership percentages posted separately from investment values

Pre-defined posting logic

Ownership percentages posted with investment values

Custom posting logic

QUESTION 19
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?

Subitems

Consolidation units

FS items

Custom fields

QUESTION 20
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

QUESTION 21
What field is part of a consolidation group master data record?

Currency translation method

Validation method

Reclassification method

Consolidation method

QUESTION 22
You have 2 records in acdoca with cost center A and 2 records with cost center B. All 4 records are for the same legal entity:

What happens to the cost center field in group reporting when the data is released?

Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.

1 record with a blank cost center is posted.

1 record for cost center A is posted and 1 record for cost center B is posted.

4 records with a blank cost center are posted.

2 records for cost center A are posted and 2 records for cost center B are posted.

QUESTION 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.

Delete

Overwrite

Append

Merge

QUESTION 24
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

Multiply

Divide

Amount

Quantity

QUESTION 25
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 26
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 27
What do group journal validation and substitution have in common?
Note: There are 2 correct answers to this question.

Table lookups

Preconditions

Control levels

Filtering logic

QUESTION 28
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

QUESTION 29
What validation tasks should be run after running a reclassification with posting level 10?
Note: There are 2 correct answers to this question.

Validate consolidated data

Validate universal journal

Validate standardized data

Validate reported data

QUESTION 30
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.

Quantity variances

Timing variances

Translation variances

True variances

Price differences

QUESTION 31
You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

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SAP C_S4FCC_2021 Exam Syllabus Topics:

Topic	Details
Topic 1	Consolidation of Investments Structures & Master data Journals & Reclassification
Topic 2	Consolidation of Investments Structures & Master data ICMR & Eliminations
Topic 3	Intercompany Matching and Reconciliation & Eliminations Data validation & Currency Translation
Topic 4	Data acquisition including Group Reporting Data Collection Data acquisition incl. GRDC
Topic 5	Balance Carry Forward, Reporting & Planning BCF, Reporting & Planning

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SAP C_S4FCC_2021 Exam Syllabus Topics:

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