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C_S4FCC_2021 SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Questions and Answers

Questions 4

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:

C_S4FCC_2021 Question 4

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?

Options:

A.

1 record with a blank cost center is posted.

B.

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

C.

4 records with a blank cost center are posted.

D.

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

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Questions 5

What table can SAP Group Reporting Data Collection update?

Options:

A.

ACDOCP

B.

ACDOCC

C.

ACDOCU

D.

ACDOCA

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Questions 6

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.

Options:

A.

Create a reclassification method

B.

Create an elimination method

C.

Activate the reconciliation close process

D.

Activate an intercompany hierarchy

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Questions 7

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

Options:

A.

A source category

B.

A source version

C.

A consolidation cycle

D.

A consolidation ledger

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Questions 8

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:

C_S4FCC_2021 Question 8

What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?

Options:

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.

Import the ownership percentage change the CGOOE consolidation group

D.

Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups

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Questions 9

The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?

Options:

A.

The variance will be posted to a statistical financial statement item.

B.

Subsequent tasks cannot be run but can be blocked.

C.

Subsequent tasks can be run but cannot be blocked.

D.

The variance will be posted to a reporting financial statement item.

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Questions 10

What posting level is used when you import group shares?

Options:

A.

20

B.

0

C.

10

D.

30

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Questions 11

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

Options:

A.

Run balance carry forward

B.

Run the Copy Transaction Data app

C.

Change your global parameters

D.

Release data with an offset of -1

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Questions 12

What selection is a required global parameter?

Options:

A.

Consolidation chart of accounts

B.

Fiscal year variant

C.

Consolidation unit

D.

Consolidation group

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Exam Code: C_S4FCC_2021
Exam Name: SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)
Last Update: Apr 15, 2024
Questions: 80

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