SAP Certified Application Associate C-S4FCC-2021 Dumps | Updated Mar 07, 2023 - TrainingDump
Master 2023 Latest The Questions SAP Certified Application Associate and Pass C-S4FCC-2021 Real Exam!
SAP C-S4FCC-2021 Exam Syllabus Topics:
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NEW QUESTION 32
What does activity based consolidation of investments feature?
Note: There are 2 correct answers to this question.
- A. Ownership percentages posted with investment values
- B. Pre-defined posting logic
- C. Custom posting logic
- D. Ownership percentages posted separately from investment values
Answer: B,C
NEW QUESTION 33
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. Reported data
- C. Translated data
- D. Standardized data
Answer: B,C
NEW QUESTION 34
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.
- A. OA
- B. 0D
- C. OC
- D. OB
Answer: A,C
NEW QUESTION 35
What could be the problem if you cannot release data?
Note: There are 2 correct answers to this question.
- A. Companies are not mapped to consolidation units.
- B. The period is closed in the general ledger.
- C. The period is closed in group reporting.
- D. Company codes are are not mapped to consolidation units.
Answer: B,C
NEW QUESTION 36
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.
- A. Merge
- B. Delete
- C. Overwrite
- D. Append
Answer: B,C
NEW QUESTION 37
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Single level
- B. Horizontal
- C. Circular
- D. Vertical
Answer: A,C
NEW QUESTION 38
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 00
Answer: C
NEW QUESTION 39
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?
- A. Map the group account 10000000 to an FS item
- B. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
- C. Map the Cash_node to an FS item
- D. Map all 10 cash G/L accounts to one FS item
Answer: B
NEW QUESTION 40
How are the investment and the non-controlling interest values accounted for in the purchase method?
Note: There are 2 correct answers to this question.
- A. There can be non-controlling interest values.
- B. The Investment is eliminated.
- C. The investment is adjusted.
- D. There cannot be any non-controlling interest values.
Answer: A,D
NEW QUESTION 41
What can be left blank in a group journal entry substitution rule?
- A. Description
- B. Substitution
- C. Precondition
- D. Rule Name
Answer: B
NEW QUESTION 42
What can happen in SAP S/4HANA Finance for group reporting when you release data?
Note: There are 2 correct answers to this question.
- A. ACDOCA records are copied into group reporting.
- B. ACDOCP records are copied into group reporting.
- C. ACDOCC records are copied into group reporting.
- D. BSEG records are copied into group reporting.
Answer: C
NEW QUESTION 43
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.
- A. Credit investment 80 million
- B. Debit goodwill 50 million
- C. Credit investment 64 million
- D. Debit goodwill 40 million
Answer: C,D
NEW QUESTION 44
What is the source when viewing group reporting data in SAP Analysis for Office?
- A. A core data services view
- B. A calculation view
- C. A consolidation view
- D. A contribution view
Answer: B,D
NEW QUESTION 45
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.
- A. Source for group currency key figure
- B. Local currency
- C. Universal journal integration
- D. Source for local currency key figure
Answer: A,D
NEW QUESTION 46
Your currency translation is not translating opening balances.What setting must be changed?
- A. Reference rate
- B. Exchange rate indicator
- C. Translation key
- D. Selection
Answer: B
NEW QUESTION 47
The balance sheet in SAP S/4HANA Finance for group reporting is out of balance.
When data validation is run, what is the result?
- A. The variance will be posted to a statistical financial statement item.
- B. Subsequent tasks can be run but cannot be blocked.
- C. The variance will be posted to a reporting financial statement item.
- D. Subsequent tasks cannot be run but can be blocked.
Answer: B
NEW QUESTION 48
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 an intercompany hierarchy
- B. Create a reclassification method
- C. Create an elimination method
- D. Activate the reconciliation close process
Answer: B,D
NEW QUESTION 49
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. Aspecial purpose ledger
- D. A consolidation ledger
- E. The leading ledger
Answer: C,D,E
NEW QUESTION 50
What posting level is used when you import group shares?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 51
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 52
Where do non-historic currency translation adjustments normally post?
Note: There are 2 correct answers to this question.
- A. To the original subitem
- B. To the original FS item
- C. To a currency translation adjustment FS item
- D. To a currency translation adjustment subitem
Answer: A,C
NEW QUESTION 53
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. Reverse the elimination of net income of the buyer
- B. Reverse the elimination of net income of the seller
- C. Eliminate net income for the buyer
- D. Eliminate net income for the seller
Answer: A,D
NEW QUESTION 54
In your rule-based method, you need to book an amount that is calculated by multiplying by
1 minus the ownership percentage.
What field would you use?
- A. Percentage complementary
- B. Percentage rate
- C. Selection for percentage
- D. Sign triggered reclassification
Answer: D
NEW QUESTION 55
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Practice To C-S4FCC-2021 - TrainingDump Remarkable Practice On your SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Exam: https://drive.google.com/open?id=1tlRZllh5wxx_bjU4xfvrrBY-fwFaRB4s