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The SAP C_S4FCC_2021 certification exam covers a range of topics, including the architecture and deployment of SAP S/4HANA Finance for Group Reporting, financial consolidation, financial planning, and analysis. The exam also tests the candidate's knowledge of the features and functions of SAP S/4HANA Finance for Group Reporting, as well as their ability to troubleshoot and resolve issues related to this product. Passing this certification exam demonstrates a candidate's ability to implement, configure, and use SAP S/4HANA Finance for Group Reporting effectively, making them a valuable asset to any organization that uses this product.
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The SAP C_S4FCC_2021 certification exam is designed for professionals who are interested in validating their knowledge and skills in SAP S/4HANA Finance for Group Reporting. This certification exam is intended for those who have a good understanding of the key concepts of SAP S/4HANA Finance for Group Reporting and are interested in becoming a certified SAP application associate. The exam covers topics such as financial consolidation, financial close, intercompany reconciliation, and financial reporting.
NEW QUESTION # 21
What FS item types can you use in SAP S/4HANA Finance for group reporting?
Note: There are 3 correct answers to this question.
Answer: A,D,E
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, FS item types that you can use in SAP S/4HANA Finance for group reporting are:
Balance sheet: An FS item type that represents a balance sheet item, such as assets, liabilities or equity. Balance sheet items are carried forward from one period to another and are translated using historical or current rates depending on their balance type.
Profit & Loss: An FS item type that represents an income statement item, such as revenue, expense or net income. Profit & loss items are not carried forward from one period to another and are translated using average or current rates depending on their balance type.
Statistical: An FS item type that represents a statistical item, such as variances or differences between debit and credit balances. Statistical items do not affect the balance sheet total or net income and are not translated.
NEW QUESTION # 22
You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
Answer: B
Explanation:
There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.
NEW QUESTION # 23
Which task uses a blank posting level?
Answer: D
Explanation:
A blank posting level is used in the data collection task. This task collects data from different sources, such as the general ledger, subledgers, and other systems, before the consolidation process begins.
NEW QUESTION # 24
When booking group journal entries your customer needs to record values by business area, but it isn't available in the Post Group Journal Entries app. What must you do?
Answer: C
Explanation:
To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.
NEW QUESTION # 25
What are the prerequisites for a horizontal merger?
Note: There are 2 correct answers to this question.
Answer: A,D
Explanation:
The prerequisites for a horizontal merger include both consolidation units belonging to different consolidation groups and both consolidation units belonging to the same consolidation group1.
NEW QUESTION # 26
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