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 Jan 20, 2025.

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Question No. 1

What must you do in order to release data from a prior period?

ARun balance carry forward

BRun the Copy Transaction Data app

CChange your global parameters

DRelease data with an offset of -1

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Correct Answer: C

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.

Question No. 2

What table can SAP Group Reporting Data Collection update?

AACDOCP

BACDOCC

CACDOCU

DACDOCA

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Correct Answer: B

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

Question No. 3

How are posting levels used?

AThey identify the origin of values.

BThey identify the destination of values.

CThey determine the level of granularity for balance carry forward.

DThey determine the level of granularity for data release.

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Correct Answer: A

Posting levels are used to identify the origin of values in the consolidation process. They help to differentiate between values coming from different sources, such as data entry, data import, or manual postings.

Question No. 4

How do you configure periodic vs. YTD translation?

ATemporal translation difference

BReference rate

CCurrency translation indicator

DTranslation key

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Correct Answer: C

You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)

Question No. 5

What field is part of a consolidation group master data record?

ACurrency translation method

BValidation method

CReclassification method

DConsolidation method

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Correct Answer: D

The consolidation method field is part of a consolidation group master data record. This field is used to define the method by which the financial data of the consolidation unit will be combined with the financial data of the consolidation group. The consolidation method is essential for accurate group reporting in SAP S/4HANA Finance.

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