C-S4FCC-2021 by SAP Valid Free Exam Practice Test

Question 1

What makes up data slices in SAP Intercompany Matching and Reconciliation matching rules?
Note: There are 2 correct answers to this question.

A. Company B. Partner unit C. Company code D. Leading unit

Correct Answer: B,C

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Question 2

What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?

A. A source version B. A source category C. A consolidation cycle D. A consolidation ledger

Correct Answer: D

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Question 3

What is the currency translation method assigned to in group reporting?

A. The consolidation version B. The financial statement item C. The consolidation unit D. The consolidation group

Correct Answer: C

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Question 4

What happens when you set the communication status to "Done" in SAP Intercompany Matching and Reconciliation?

A. A notification is sent. B. An inbox entry is created. C. Overdue alarms are cleared. D. Differences are set to zero.

Correct Answer: C

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Question 5

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

A. Validation method B. Consolidation method C. Currency translation method D. Reclassification method

Correct Answer: B

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Question 6

What do group journal validation and substitution have in common? Note: There are 2 correct answers to this question.

A. Control levels B. Table lookups C. Filtering logic D. Preconditions

Correct Answer: C,D

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Question 7

In SAP S/4HANA you have ten cash G/L accounts that belong to one G/L account hierarchy node and one group account as shown in the following table.

What is the recommended way to summarize the cash accounts into SAP S/4HANA Finance for group reporting?

A. Map all 10 cash G/L accounts to one FS item B. Map the group account 10000000 to an FS item C. Map the Cash_node to an FS item D. Map each cash G/L account to an FS item and roll them up in an FS item hierarchy node

Correct Answer: A

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Question 8

In your rule-based consolidation of investments method, you need to book an amount that is calculated by multiplying by1 minus the ownership percentage. What field would you use?

A. Selection for percentage B. Sign triggered reclassification C. Percentage rate D. Percentage complementary

Correct Answer: D

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SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) - C-S4FCC-2021 Exam Practice Test