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

Answer : A

if the balance sheet in SAP S/4HANA Finance for group reporting is out of balance, when data validation is run, the result is that the variance will be posted to a statistical financial statement item. A statistical financial statement item is a special type of FS item that is used to store variances or differences between debit and credit balances. A statistical financial statement item does not affect the balance sheet total or net income.

Answer : A, C

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, B

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, fiscal year variants can be assigned to:

Consolidation ledgers: A consolidation ledger is a data container that stores the consolidated data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of consolidated data.

Answer : D

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.

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, C

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the possible update modes when performing a flexible upload into SAP S/4HANA Finance for group reporting are:

Overwrite: This mode replaces the existing data in the target consolidation ledger with the data from the source file. Any data that is not present in the source file will be deleted from the target consolidation ledger.

Append: This mode adds the data from the source file to the existing data in the target consolidation ledger. Any data that is already present in the target consolidation ledger will remain unchanged.