C-S4FCC-2021 Exam Training Practice Tests (SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021))]

Question 1

What does activity based consolidation of investments feature?
Note: There are 2 correct answers to this question.

A. Custom posting logic B. Ownership percentages posted with investment values C. Ownership percentages posted separately from investment values D. Pre-defined posting logic

Correct Answer: A,D

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Question 2

Your currency translation is not translating opening balances.What setting must be changed?

A. Exchange rate indicator B. Translation key C. Selection D. Reference rate

Correct Answer: D

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Question 3

You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

A. 4 B. 5 C. 3 D. 6

Correct Answer: C

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Question 4

What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.

A. Company code B. Leading unit C. Partner unit D. Company

Correct Answer: A,C

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Question 5

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

A. Validate reported data B. Validate universal journal C. Validate standardized data D. Validate consolidated data

Correct Answer: A,D

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Question 6

How is SAP S/4HANA Finance for group reporting updated when using equity pickup?

A. Run the Equity Pickup app B. Run the Consolidation Monitor app C. Run the Data Monitor app D. Run the Import Group Journal Entries app

Correct Answer: A

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Question 7

What fields are included in a consolidation unit master record?
Note: There are 2 correct answers to this question.

A. Currency translation method B. Source for document currency key figure C. Source for local currency key figure D. Validation method

Correct Answer: A,C

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Question 8

What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.

A. Subitems B. Posting levels C. Hierarchy levels D. FS items

Correct Answer: A,D

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SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) - C-S4FCC-2021 Exam Practice Test