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The SAP S/4HANA Finance for Group Reporting certification exam covers a wide range of topics, including the configuration of SAP S/4HANA Finance for Group Reporting, the creation of financial statements and reports, and the analysis of financial data. The exam also tests an individual's knowledge of key SAP S/4HANA Finance for Group Reporting features, such as the integration of financial data with other systems and the use of financial analytics.

The SAP C_S4FCC_2021 exam is designed for individuals who wish to validate their skills and knowledge in the area of SAP S/4HANA Finance for Group Reporting. This certification exam is intended for application associates who are responsible for managing the financial accounting and group closing processes in organizations using SAP S/4HANA Finance for Group Reporting. By passing this exam, candidates can demonstrate their proficiency in configuring and implementing SAP S/4HANA Finance for Group Reporting, as well as their ability to use the system to perform essential financial accounting tasks.

 

NEW QUESTION # 15
What must you do in order to release data from a prior period?

• A. Change your global parameters
• B. Run balance carry forward
• C. Release data with an offset of -1
• D. Run the Copy Transaction Data app

Answer: B

NEW QUESTION # 16
What dimensions can be used in a hierarchical elimination?
Note: There are 2 correct answers to this question.

• A. Segment
• B. Company
• C. Profit center
• D. Company code
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Answer: C,D

NEW QUESTION # 17
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.

• A. Consolidation method
• B. Input type
• C. Upload method
• D. Document type

Answer: A,C

NEW QUESTION # 18
How can FS items be determined for balance carry forward? Note: There are 3 correct answers to this question.

• A. Via their role attribute
• B. Via their FS item type
• C. Via their scope attributes
• D. Via selection objects
• E. Viaa configuration table

Answer: A,B,E

NEW QUESTION # 19
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. Credit investment 64 million
• C. Credit investment 80 million
• D. Debit goodwill 50 million

Answer: A,C

NEW QUESTION # 20
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.

• A. Translate currency
• B. Prepare for consolidation group change
• C. Eliminate intercompany
• D. Calculate net income

Answer: A,C

Explanation:
From the data monitor, you can run tasks such as Translate currency to convert financial data into the group currency and Eliminate intercompany to remove intercompany transactions during the consolidation process.
According to the document, some of the tasks that can be run from the Data Monitor are1:
Translate currency: This task translates the reported data of consolidation units into group currency using the exchange rates maintained in the system.
Eliminate intercompany: This task eliminates the intercompany transactions and balances between consolidation units using the reclassification methods defined in the system.

NEW QUESTION # 21
What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?
Note: There are 2 correct answers to this question.

• A. Percentage
• B. Destination
• C. Trigger
• D. Source

Answer: A,C

NEW QUESTION # 22
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.

• A. Quantity
• B. Divide
• C. Multiply
• D. Amount

Answer: B,D

NEW QUESTION # 23
What is the update schedule for SAP Group Reporting Data Collection?

• A. Twice a year
• B. Once a year
• C. Twice a month
• D. Once a month

Answer: D

Explanation:
The update schedule for SAP Group Reporting Data Collection is once a month. This ensures that the data used for group reporting purposes is up-to-date and accurate.

NEW QUESTION # 24
Where can fiscal year variants be assigned?
Note: There are 2 correct answers to this question.

• A. To consolidation units
• B. To versions
• C. To consolidation groups
• D. To consolidation ledgers

Answer: C,D

NEW QUESTION # 25
What tasks can be run from the data monitor?
Note: There are 2 correct answers to this question.

• A. Translate currency
• B. Prepare for consolidation group change
• C. Eliminate intercompany
• D. Calculate net income

Answer: A,D

NEW QUESTION # 26
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. 1 record for cost center A is posted and 1 record for cost center B is posted.
• B. 4 records with a blank cost center are posted.
• C. Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
• D. 2 records for cost center A are posted and 2 records for cost center B are posted.
• E. 1 record with a blank cost center is posted.

Answer: C

NEW QUESTION # 27
What tasks must be run before the activity based investment & equity elimination?
Note: There are 2 correct answers to this question.

• A. Run intercompany elimination
• B. Calculate group share
• C. Run total divestiture
• D. Calculate net income

Answer: B,D

NEW QUESTION # 28
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. Standardized data
• C. Released data
• D. Translated data

Answer: A,D

NEW QUESTION # 29
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 the CGOOE consolidation group
• B. What needs to be updated for February 2023 in SAP S/4HANA Finance for group reporting?
• C. Import the ownership percentage change for CGOOE and the CGOOW consolidation groups
• D. Import the full ownership percentages for CGO0A and CGOOE consolidation groups
• E. Import the full ownership percentages for CGO0A, CGOOE and the CGOOW consolidation groups

Answer: D

NEW QUESTION # 30
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.

• A. Source for local currency key figure
• B. Universal journal integration
• C. Source for group currency key figure
• D. Local currency

Answer: A,C

NEW QUESTION # 31
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The SAP C-S4FCC-2021 certification exam is a challenging but rewarding exam that can help professionals to demonstrate their expertise in SAP S/4HANA Finance for Group Reporting Associates. It is an important credential for those looking to advance their careers in the field of SAP and is highly respected by employers in the industry. Passing this certification exam is a significant achievement that can open up new opportunities and help professionals to stand out in a competitive job market.

 

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