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Prepare for the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the SAP C_S4FCC_2021 exam and achieve success.
The questions for C_S4FCC_2021 were last updated on Feb 20, 2025.
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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.
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.
In your rule-based consolidation of investments method, you need to book an amount that is calculated by multiplying by1 minus the ownership percentage. What field would you use?
The field 'Percentage complementary' is used to calculate the amount by multiplying by 1 minus the ownership percentage in the rule-based consolidation of investments method.
What can be attached to a group journal entry?Note: There are 3 correct answers to this question.
In SAP S/4HANA Finance for Group Reporting, group journal entries can have attachments such as Excel files, URLs, and Word documents. These attachments can provide additional information and context to the journal entry, making it the underlying transactions (SAP Help Portal: Group Journal Entries)
How do you create a group journal entry with multiple versions?
To create a group journal entry with multiple versions, you need to select multiple extension versions. Extension versions allow you to create alternative versions of a group journal entry for different consolidation scenarios or adjustments.
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.
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.
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