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Most Recent SAP C_S4FCC_2021 Exam Questions & Answers


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 Nov 19, 2024.
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Question No. 1

What dimensions can be used in an intercompany report to provide a consolidation view?

Note: There are 2 correct answers to this question.

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Correct Answer: A, C

In an intercompany report, the dimensions 'Consolidation unit eliminated' and 'Consolidation unit' can be used to provide a consolidation view. The 'Consolidation unit eliminated' dimension shows the elimination entries, while the 'Consolidation unit' dimension displays the data for each consolidation unit involved in the intercompany transactions.


Question No. 2

What can be assigned to a report item in a reporting rule?

Note: There are 2 correct answers to this question.

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Correct Answer: A, D

In a reporting rule, a report item can be assigned to subitems and FS (Financial Statement) items. Subitems are used to provide more detailed information or breakdowns of the FS items, while FS items represent the main line items in the financial statements.


Question No. 3

The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?

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Correct Answer: A

if the balance sheet in SAP S/4HANA Finance for group reporting is out of balance, when data validation is run, the result is that the variance will be posted to a statistical financial statement item. A statistical financial statement item is a special type of FS item that is used to store variances or differences between debit and credit balances. A statistical financial statement item does not affect the balance sheet total or net income.


Question No. 4

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?

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Correct 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 No. 5

What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?

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Correct Answer: D

When running intercompany reports from a legal perspective, the 'Company code' dimensional hierarchy should be selected. This is because company codes represent the legal entities within the organization and are the basis for external financial reporting.


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