2024 Updated Verified C-S4FCC-2021 Q&As - Pass Guarantee or Full Refund [Q33-Q53]

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2024 Updated Verified C-S4FCC-2021 Q&As – Pass Guarantee or Full Refund

[Feb-2024] C-S4FCC-2021 Certification with Actual Questions from ValidBraindumps

NO.33 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 (CDS view)

The source when viewing group reporting data in SAP Analysis for Office is a calculation view.

NO.34 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.

NO.35 What posting level is used when you import group shares?

When you import group shares, posting20 is used. Posting level 20 is specifically designed for the import of group shares in SAP S/4HANA Finance for group reporting.

NO.36 What fields are relevant for consolidation units that come from non-SAP systems?Note: There are 2 correct answers to this question.

Source for group currency key figure

Universal journal integration

Source for local currency key figure

Local currency

The fields relevant for consolidation units that come from non-SAP systems include source for group currency key figure and source for local currency key figure1.

NO.37 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?

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.

NO.38 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
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NO.39 What does the report logic in SAP S/4HANA group reporting do?

It prevents aggregation based on the FS item type.

It determines the first common parent based on segment hierarchies.

It reverses the sign based on the FS item type.

It determines the first common parent based on consolidation group hierarchies.

The report logic in SAP S/4HANA group reporting determines the first common parent based on consolidation group hierarchies. This is used for the elimination of intercompany transactions and consolidation of financial data.

NO.40 What translation setting in the sequence would allow you to preserve an existing group currency amount?

Source for group currency key figure

Reference rate

Translation key

Currency translation indicator

NO.41 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

NO.42 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

NO.43 How is SAP S/4HANA Finance for group reporting updated when using equity pickup?

Run the Data Monitor app

Run the Consolidation Monitor app

Run the Import Group Journal Entries app

Run the Equity Pickup app

When using equity pickup in SAP S/4HANA Finance for group reporting, you need to run the Equity Pickup app. This app calculates the equity pickup amounts and updates the relevant data.

NO.44 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

NO.45 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.

NO.46 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

NO.47 How is SAP S/4HANA Finance for group reporting updated when using equity pickup?

Run the Data Monitor app

Run the Consolidation Monitor app

Run the Import Group Journal Entries app

Run the Equity Pickup app

NO.48 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?

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.

Since cost center is set to aggregate in SAP S/4HANA Finance for group reporting, the system will aggregate the data based on the cost center field. In this case, the data for cost center A and cost center B will be aggregated, and a single record with a blank cost center will be posted in group reporting.

NO.49 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

NO.50 What document types does SAP provide when importing from SAP Group Reporting Data Collection to SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.

NO.51 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

NO.52 What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.

Consolidation unit eliminated

Profit center

Consolidation unit

Profit center eliminated

NO.53 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

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SAP C-S4FCC-2021 (SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)) Certification Exam is an important certification for those who want to demonstrate their knowledge and skills in SAP S/4HANA Finance for Group Reporting. SAP Certified Application Associate – SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam is designed for individuals who are responsible for implementing and configuring financial accounting and group reporting solutions in SAP S/4HANA.

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