SAP C_S4FCC_2021 Exam Practice Test Instant Access

Question 1

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:

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?

A1 record with a blank cost center is posted.

B1 record for cost center A is posted and 1 record for cost center B is posted.

C4 records with a blank cost center are posted.

D2 records for cost center A are posted and 2 records for cost center B are posted.

Answer : A

Since cost center is set to aggregate in SAP S/4HANA Finance for group reporting, the system will aggregate the data based on the cost center field. In this case, the data for cost center A and cost center B will be aggregated, and a single record with a blank cost center will be posted in group reporting.

Question 2

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.

AReleased data

BReported data

CStandardized data

DTranslated data

Answer : B, C

To use a new validation method, the task IDs used when assigning the methods to consolidation are Reported data and Standardized data. These tasks represent different stages of the data processing in the consolidation process, and validations can be applied at these stages to ensure data accuracy and consistency.

Question 3

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.

AA consolidation ledger

BAn extension ledger

CThe leading ledger

DA special purpose ledger

EThe predictive ledger

Answer : B, C, D

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.

Question 4

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:

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

AImport the full ownership percentages for CGO0A and CGOOE consolidation groups

BImport the ownership percentage change for CGOOE and the CGOOW consolidation groups

CImport the ownership percentage change the CGOOE consolidation group

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

Answer : C

When the ownership percentage for France increases from 75% to 76% in February 2023, you only need to update the CGOOE consolidation group with the new ownership percentage. The other consolidation groups (CGO0A and CGOOW) are not affected by this change and do not need to be updated.

Question 5

What are the required settings for the elimination of intercompany profit in inventory method?

Note: There are 2 correct answers to this question.

APartner inclusion

BPercent from partner

CPercentage periodic

DSelection of percentages

Answer : A, D

In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.

Question 6

How do you configure periodic vs. YTD translation?

ATemporal translation difference

BReference rate

CCurrency translation indicator

DTranslation key

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)

Question 7

What are the SAP Group Reporting Data Collection mappings based on?

AData collection configuration tables

BExcel Files

CCSV Files

DData collection methods

Answer : A

the SAP Group Reporting Data Collection mappings are based on data collection configuration tables2.

The SAP Group Reporting Data Collection mappings are based on data collection configuration tables. These tables store the mapping rules and definitions that enable the system to import data from various data sources into the SAP Group Reporting Data Collection system. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c264b62a7e2d2a1e7d31fbc.html)

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