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C_S4FCC_2021
SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Questions and Answers

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Questions # 11:

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.

Options:

Released data

Reported data

Standardized data

Translated data

Answer

B, C

Explanation

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.

Questions # 12:

What selection is a required global parameter?

Options:

Consolidation chart of accounts

Fiscal year variant

Consolidation unit

Consolidation group

Answer

Explanation

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a fiscal year variant is a required global parameter that must be selected when creating a new consolidation scenario. A fiscal year variant defines the number and length of posting periods and special periods for a fiscal year. A fiscal year variant can be assigned to one or more consolidation scenarios.

Questions # 13:

Which of the following SAP S/4HANA ledgers are possible sources for SAP S/4HANA Finance for group

reporting? Note: There are 3 correct answers to this question.

Options:

A consolidation ledger

An extension ledger

The leading ledger

A special purpose ledger

The predictive ledger

Answer

B, C, D

Explanation

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.

Questions # 14:

When you use the flexible upload, what are the file parameters?

Note: There are 2 correct answers to this question.

Options:

Document type

Consolidation method

Input type

Upload method

Answer

A, C

Questions # 15:

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

Note: There are 2 correct answers to this question.

Options:

Consolidation unit eliminated

Profit center

Consolidation unit

Profit center eliminated

Answer

A, C

Explanation

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.

Questions # 16:

Where can fiscal year variants be assigned?

Note: There are 2 correct answers to this question.

Options:

To consolidation ledgers

To versions

To consolidation groups

To consolidation units

Answer

A, B

Explanation

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, fiscal year variants can be assigned to:

Consolidation ledgers: A consolidation ledger is a data container that stores the consolidated data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of consolidated data.

Versions: A version is a data container that stores a specific version of consolidated data within a consolidation ledger. A version can have different settings than the consolidation ledger, such as fiscal year variant, currency translation indicator, etc.

Questions # 17:

Which version stores only delta amounts?

Options:

Planning version

Group currency extension version

Standard version

Extension version

Answer

Explanation

https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4ebf1502064b406c964b0911adfb3f01/c27c73226dac4e07ac8aa59a45f92fd8.html

Questions # 18:

What document types does SAP provide when importing from SAP Group Reporting Data Collection to SAP S/4HANA Finance for group reporting?

Note: There are 2 correct answers to this question.

Options:

Answer

A, C

Explanation

According to the Document Types document1, document types are used across SAP Group Reporting Data Collection apps to enter or map data for consolidation. The document types are part of the SAP content, but others can be created and used as well. The following document types are predefined by SAP and available for data mapping1:

0C: Data entry of reported financial data using a mapping from an import file

0D: Data entry of reported financial data using a mapping from Accounting

07: External reported data mapped using a public API and data entry of reported financial data using a mapping from Group reporting

Questions # 19:

In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?

Options:

They generate inbox entries.

They identify currency translation differences in intercompany eliminations.

They generate variance postings.

They identify transaction differences in intercompany eliminations.

Answer

Explanation

In group reporting, SAP Intercompany Matching and Reconciliation reason codes are used to identify transaction differences in intercompany eliminations. These codes help to track and resolve discrepancies between intercompany transactions.

Questions # 20:

What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?

Note: There are 2 correct answers to this question.

Options:

Company code

Company

Leading unit

Partner unit

Answer

A, D

Explanation

Data slices in SAP Intercompany Matching and Reconciliation matching rules are made up of Company code and Partner unit. These two factors help to identify the corresponding transactions for matching and reconciliation purposes (SAP Help Portal: Define Matching Rules).

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