[UPDATED Apr-2023] Best Value Available Preparation Guide for C-S4FCC-2021 Exam [Q48-Q66]

[UPDATED Apr-2023] Best Value Available Preparation Guide for C-S4FCC-2021 Exam

1 Full C-S4FCC-2021 Practice Test and 82 Unique Questions, Get it Now!

SAP C-S4FCC-2021 Exam Syllabus Topics:

Topic	Details
Topic 1	Intercompany Matching and Reconciliation & Eliminations Data validation & Currency Translation
Topic 2	Consolidation of Investments Structures & Master data Journals & Reclassification
Topic 3	Consolidation of Investments Structures & Master data ICMR & Eliminations
Topic 4	Balance Carry Forward, Reporting & Planning BCF, Reporting & Planning
Topic 5	Data acquisition including Group Reporting Data Collection Data acquisition incl. GRDC

 

NEW QUESTION 48
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.

• A. A consolidation ledger
• B. The leading ledger
• C. Aspecial purpose ledger
• D. An extension ledger
• E. The predictive ledger

Answer: A,B,C

 

NEW QUESTION 49
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.

• A. Translated data
• B. Standardized data
• C. Released data
• D. Reported data

Answer: A

 

NEW QUESTION 50
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?

• A. Use an SAP Fiori app to launch SAP Analytics Cloud
• B. Use a live connection
• C. Use an SAP Fiori app for an embedded story
• D. Use an import connection

Answer: A

 

NEW QUESTION 51
When running reports, what symbol is used to select a blank hierarchy?

• A. $
• B. *
• C. #
• D. @

Answer: A

 

NEW QUESTION 52
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.

• A. Profit center eliminated
• B. Consolidation unit
• C. Consolidation unit eliminated
• D. Profit center

Answer: A,C

 

NEW QUESTION 53
In SAP S/4HANA you have ten cash G/L accounts that belong to one G/L account hierarchy node and one group account as shown in the following table.

What is the recommended way to summarize the cash accounts into SAP S/4HANA Finance for group reporting?

• A. Map the Cash_node to an FS item
• B. Map all 10 cash G/L accounts to one FS item
• C. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node
• D. Map the group account 10000000 to an FS item

Answer: C

 

NEW QUESTION 54
What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?
Note: There are 3 correct answers to this question.

• A. Quantity variances
• B. True variances
• C. Translation variances
• D. Price differences
• E. Timing variances

Answer: C,D,E

 

NEW QUESTION 55
Company A purchased 80% of Company B for 80 million in December of 2022. Company B's equity is 50 million. What accounting entries should be generated when consolidation is run for December of 2022?
Note: There are 2 correct answers to this question.

• A. Debit goodwill 40 million
• B. Debit goodwill 50 million
• C. Credit investment 64 million
• D. Credit investment 80 million

Answer: A,D

 

NEW QUESTION 56
What posting level is used when you import group shares?

• A. 0
• B. 1
• C. 00
• D. 2

Answer: D

 

NEW QUESTION 57
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.

• A. Horizontal
• B. Single level
• C. Circular
• D. Vertical

Answer: C

 

NEW QUESTION 58
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.

• A. A consolidation ledger
• B. The leading ledger
• C. An extension ledger
• D. Aspecial purpose ledger
• E. The predictive ledger

Answer: A

 

NEW QUESTION 59
You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: D

 

NEW QUESTION 60
From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.

• A. ACDOCP
• B. ACDOCU
• C. ACDOCA
• D. ACDOCC

Answer: B

 

NEW QUESTION 61
What is required to run a management consolidation report?

• A. Create a duplicate data set& EXACTPREP"
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• B. Select a consolidation group
• C. Select a segment hierarchy
• D. Create custom report logic

Answer: C

 

NEW QUESTION 62
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.

• A. Company code
• B. Company
• C. Profit center
• D. Segment

Answer: A,C

Explanation:
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NEW QUESTION 63
What are settings you can define in a document type?
Note: There are 3 correct answers to this question.

• A. Number range
• B. Account range
• C. Reversal document type
• D. Posting level
• E. Balance check

Answer: A,C,D

 

NEW QUESTION 64
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?

• A. Aconsolidation ledger
• B. A source version
• C. Asource category
• D. A consolidation cycle

Answer: A,D

 

NEW QUESTION 65
Your currency translation is not translating opening balances.
What setting must be changed?

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

Answer: C

 

NEW QUESTION 66
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