[Jan-2023] Pass SAP C_S4FCC_2021 Exam in First Attempt Guaranteed!

Full C_S4FCC_2021 Practice Test and 82 unique questions with explanations waiting just for you, get it now!

NEW QUESTION 12
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.

• A. Released data
• B. Standardized data
• C. Reported data
• D. Translated data

Answer: D

 

NEW QUESTION 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.

• A. Create an elimination method
• B. Activate the reconciliation close process
• C. Create a reclassification method
• D. Activate an intercompany hierarchy

Answer: B,C

 

NEW QUESTION 14
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.

• A. Calculate net income
• B. Eliminate intercompany
• C. Prepare for consolidation group change
• D. Translate currency

Answer: C,D

 

NEW QUESTION 15
What translation setting in the sequence would allow you to preserve an existing group currency amount?

• A. Source for group currency key figure
• B. Translation key
• C. Reference rate
• D. Currency translation indicator

Answer: B

 

NEW QUESTION 16
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.

• A. Released data
• B. Standardized data
• C. Reported data
• D. Translated data

Answer: C,D

 

NEW QUESTION 17
Upload multiple journal entries using a single Excel file.
What method sequences are needed to eliminate intercompany profit in inventory?
Note: There are 2 correct answers to this question.

• A. Eliminate net income for the buyer
• B. Eliminate net income for the seller
• C. Reverse the elimination of net income of the seller
• D. Reverse the elimination of net income of the buyer

Answer: B,D

 

NEW QUESTION 18
What can be left blank in a group journal entry substitution rule?

• A. Description
• B. Precondition
• C. Rule Name
• D. Substitution

Answer: D

 

NEW QUESTION 19
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

• A. Amount
• B. Multiply
• C. Quantity
• D. Divide

Answer: B,D

 

NEW QUESTION 20
What is the source when viewing group reporting data in SAP Analysis for Office?

• A. A contribution view
• B. A core data services view
• C. A consolidation view
• D. A calculation view

Answer: D

 

NEW QUESTION 21
What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.

• A. Consolidation group
• B. Breakdown category
• C. Reporting item
• D. Profit center
• E. Consolidation unit

Answer: C,D,E

 

NEW QUESTION 22
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.

• A. Activate the reconciliation close process
• B. Create a reclassification method
• C. Activate an intercompany hierarchy
• D. Create an elimination method

Answer: B,D

 

NEW QUESTION 23
What is the currency translation method assigned to in group reporting?

• A. The consolidation group
• B. The consolidation unit
• C. The financial statement item
• D. The consolidation version

Answer: B

 

NEW QUESTION 24
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?

• A. Variance entries are posted.
• B. The reconciliation status is set to closed.
• C. The elimination status is set to closed.
• D. Elimination entries are posted.

Answer: B

 

NEW QUESTION 25
What are settings you can define in a document type?
Note: There are 3 correct answers to this question.

• A. Account range
• B. Balance check
• C. Number range
• D. Reversal document type
• E. Posting level

Answer: C,D,E

 

NEW QUESTION 26
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

• A. Multiply
• B. Quantity
• C. Amount
• D. Divide

Answer: C,D

 

NEW QUESTION 27
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. An extension ledger
• C. The leading ledger
• D. A consolidation ledger
• E. Aspecial purpose ledger

Answer: C,D,E

 

NEW QUESTION 28
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:

Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
What happens to the cost center field in group reporting when the data is released?

• A. 1 record for cost center A is posted and 1 record for cost center B is posted.
• B. 1 record with a blank cost center is posted.
• C. 2 records for cost center A are posted and 2 records for cost center B are posted.
• D. 4 records with a blank cost center are posted.

Answer: B

 

NEW QUESTION 29
What selection is a required global parameter?
There are 2 correct answers to this question

• A. Consolidation group
• B. Consolidation chart of accounts
• C. Fiscal year variant
• D. Consolidation unit

Answer: B,C

 

NEW QUESTION 30
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.

• A. Audio files
• B. Word documents
• C. Video files
• D. Excel files
• E. URLs

Answer: B,D,E

 

NEW QUESTION 31
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.

• A. Company code
• B. Segment
• C. Company
• D. Profit center

Answer: B,D

 

NEW QUESTION 32
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