SAP C_S4FCC_2021 Exam Questions Instant Access

Question 1

When booking group journal entries your customer needs to record values by business area, but it isn't available in the Post Group Journal Entries app. What must you do?

AEnable business area for input

BEnable business area as an attribute for consolidation unit

CAdd business area to a breakdown category

DAdd business area to the ACDOCU table

Answer : C

To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.

Question 2

What is the currency translation method assigned to in group reporting?

AThe consolidation group

BThe consolidation unit

CThe financial statement item

DThe consolidation version

Answer : B

In group reporting, the currency translation method is assigned to the consolidation unit (B).

Question 3

What is required to run a management consolidation report?

ASelect a consolidation group

BCreate custom report logic

CCreate a duplicate data set

DSelect a segment hierarchy

Answer : A

To run a management consolidation report, you must select a consolidation group. The consolidation group represents a set of entities whose financial data will be aggregated and reported in the management consolidation report.

Question 4

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

ARun the Data Monitor app

BRun the Consolidation Monitor app

CRun the Import Group Journal Entries app

DRun the Equity Pickup app

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.

Question 5

What selection is a required global parameter?

AConsolidation chart of accounts

BFiscal year variant

CConsolidation unit

DConsolidation group

Answer : B

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a fiscal year variant is a required global parameter that must be selected when creating a new consolidation scenario. A fiscal year variant defines the number and length of posting periods and special periods for a fiscal year. A fiscal year variant can be assigned to one or more consolidation scenarios.

Question 6

What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.

AConsolidation group

BProfit center

CReporting item

DConsolidation unit

EBreakdown category

Answer : A, B, D

In SAP S/4HANA Finance for Group Reporting, global accounting hierarchies can use the following master data objects: Consolidation group, Profit center, and Consolidation unit. Consolidation groups are used to define the structure of a group and its subsidiaries. Profit centers help track profit and loss for different business segments. Consolidation units represent legal entities and are assigned to consolidation groups (SAP Help Portal: Group Reporting Master Data).

Question 7

What validation tasks should be run after running a reclassification with posting level 10?

Note: There are 2 correct answers to this question.

AValidate consolidated data

BValidate universal journal

CValidate standardized data

DValidate reported data

Answer : A, D

After running a reclassification with posting level 10, you should run the validation tasks for consolidated data and reported data.

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