SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) C_S4FCC_2021 Exam Practice Test

Answer : C

You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)

Answer : B

When there is a balance sheet and income statement posting in a group journal entry, the offsetting entries are created by the selected Financial Statement (FS) items for automatic posting. This feature ensures that the balance sheet and income statement are always in balance (SAP Help Portal: Group Journal Entries).

Answer : A

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the symbol that is used to select a blank hierarchy is #. A blank hierarchy is a hierarchy that does not have any nodes or levels. A blank hierarchy can be used to select all the values of a dimension without any filtering or grouping.

Answer : A

Breakdown categories control subitem field values when posting to SAP S/4HANA Finance for group reporting. Subitems are used to provide additional granularity and detail in financial reporting. (Reference: https://help.sap.com/viewer/0fa849c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)

According to the Breakdown Categories document1, breakdown categories classify subassignments that are required for Financial Statement (FS) items to perform consolidation tasks.The following breakdown category fields are supported1:

Partner Unit

Subitem Category

Subitem

Transaction Currency

Unit of Measure

For each FS item, the breakdown category determines which subassignments must be entered1.For example, if an FS item is assigned with breakdown category 1A10, the data records of this FS item must have a subitem category value of 1 (Transaction Type) and a subitem value from the selection S-BC-TT-011.

Answer : B

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

Answer : D

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.

Answer : A, D

You cannot release data if company codes are not mapped to consolidation units or if the period is closed in group reporting. Both of these conditions prevent the release of data for consolidation.