New 2024 C-S4FCC-2021 Dumps for SAP Certified Application Associate Certified Exam Questions and Answer
Realistic Verified C-S4FCC-2021 exam dumps Q&As - C-S4FCC-2021 Free Update
NEW QUESTION # 35
What must be done in order to use intercompany eliminations that are integrated with SAP Intercompany Matching and Reconciliation?
Note: There are 2 correct answers to this question.
- A. Create an elimination method
- B. Activate an intercompany hierarchy
- C. Activate the reconciliation close process
- D. Create a reclassification method
Answer: A,B
Explanation:
In order to use intercompany eliminations that are integrated with SAP Intercompany Matching and Reconciliation, you must create an elimination method and activate an intercompany hierarchy. The elimination method defines the rules for eliminating intercompany transactions, while the intercompany hierarchy organizes the consolidation units involved in intercompany transactions.
NEW QUESTION # 36
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. Custom fields
- B. Consolidation units
- C. FS items
- D. Subitems
Answer: C,D
NEW QUESTION # 37
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?
- A. Enable business area as an attribute for consolidation unit
- B. Add business area to a breakdown category
- C. Enable business area for input
- D. Add business area to the ACDOCU table
Answer: D
Explanation:
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NEW QUESTION # 38
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:
- A. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- B. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- C. Import the ownership percentage change the CGOOE consolidation group
- D. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- E. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
Answer: B
NEW QUESTION # 39
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. Reported data
- B. Translated data
- C. Standardized data
- D. Released data
Answer: B
NEW QUESTION # 40
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. ACDOCU
- B. ACDOCA
- C. ACDOCP
- D. ACDOCC
Answer: A
NEW QUESTION # 41
Which version stores only delta amounts?
- A. Planning version
- B. Group currency extension version
- C. Standard version
- D. Extension version
Answer: A,B
NEW QUESTION # 42
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
- A. Company code
- B. Consolidation unit
- C. Company
- D. Consolidation group
Answer: B
NEW QUESTION # 43
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 all 10 cash G/L accounts to one FS item
- B. Map the group account 10000000 to an 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 Cash_node to an FS item
Answer: C
NEW QUESTION # 44
What does a reconciliation case in SAP Intercompany Matching and Reconciliation do?
- A. It selects the default reason code.
- B. It selects the match type.
- C. It selects data sources.
- D. It selects matching methods.
Answer: C
NEW QUESTION # 45
What master data objects can be used in global accounting hierarchies?
Note: There are 3 correct answers to this question.
- A. Reporting item
- B. Consolidation unit
- C. Consolidation group
- D. Breakdown category
- E. Profit center
Answer: B,C,E
NEW QUESTION # 46
Your consolidation monitor is missing the group share calculation task. How could you correct the issue?
Note: There are 2 correct answers to this question.
- A. Add a custom task based on an API
- B. Assign a different task group to your version
- C. Change a task group
- D. Add a custom task based on a BAdI
Answer: B,C
NEW QUESTION # 47
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:
- A. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
- B. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
- C. Import the ownership percentage change the CGOOE consolidation group
- D. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
- E. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups
Answer: B
NEW QUESTION # 48
What can be left blank in a group journal entry substitution rule?
- A. Substitution
- B. Description
- C. Precondition
- D. Rule Name
Answer: C
Explanation:
In a group journal entry substitution rule, the precondition can be left blank. A precondition is used to define the specific circumstances under which a substitution should be applied. If it is left blank, the substitution will be applied to all relevant journal entries without any restriction.
NEW QUESTION # 49
What is the currency translation method assigned to in group reporting?
- A. The financial statement item
- B. The consolidation unit
- C. The consolidation version
- D. The consolidation group
Answer: B
NEW QUESTION # 50
What special version do you need to use in order to share ownership relationships?
- A. Consolidation unit attribute
- B. Structure
- C. Extension
- D. Consolidation group attribute
Answer: D
Explanation:
To share ownership relationships, you need to use a special version with a consolidation group attribute. This attribute allows you to define the ownership relationships between consolidation units and groups, which is essential for group reporting in SAP S/4HANA Finance.
NEW QUESTION # 51
What can you do when using the import group journal entries template?
Note: There are 3 correct answers to this question.
- A. Specify the posting level on the header section of the template
- B. Adapt the template to include your own custom fields
- C. Upload multiple journal entries using a single Excel file
- D. Post the journal entry to multiple versions at the same time
- E. Override substitution rules by inputting values in the Excel file
Answer: B,C,E
Explanation:
When using the import group journal entries template, you can override substitution rules by inputting values directly in the Excel file, adapt the template to include your own custom fields, and upload multiple journal entries using a single Excel file. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/1909.002/en-US/5a5d5e7b1c5b4f3d8f5e4d7f60e9e4a3.html
NEW QUESTION # 52
What table can SAP Group Reporting Data Collection update?
- A. ACDOCA
- B. ACDOCP
- C. ACDOCU
- D. ACDOCC
Answer: D
Explanation:
SAP Group Reporting Data Collection updates the ACDOCC (Consolidation Staging) table. This table is used to store data that is collected from various source systems for consolidation purposes. Reference: https://help.sap.com/viewer/df185fd53bb645b1bd99284ee4e4a750/2020.002/en-US/4c1d8f4f16564f249c0e0d4a8e45d9f9.html
NEW QUESTION # 53
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:
What happens to the cost center field in group reporting when the data is released?
- A. 4 records with a blank cost center are posted.
- B. 2 records for cost center A are posted and 2 records for cost center B are posted.
- C. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
- D. 1 record for cost center A is posted and 1 record for cost center B is posted.
- E. 1 record with a blank cost center is posted.
Answer: C
NEW QUESTION # 54
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. Credit investment 64 million
- B. Credit investment 80 million
- C. Debit goodwill 50 million
- D. Debit goodwill 40 million
Answer: B,D
NEW QUESTION # 55
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