SAP C_S4FCC_2021 Exam - Free questions
Certification Provider:
SAP
Exam Name:
SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)
Exam Code:
C_S4FCC_2021
C_S4FCC_2021 Free Questions:
Below you can find SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) exam free sample questions which will help you to prepare for your upcoming SAP certification exam. These questions will give you an idea of what to expect on the exam and help you review the C_S4FCC_2021 study material provided in SAP Learning hub. However we recommend that you enrol in premium SAP C_S4FCC_2021 questions which will guarantee you to pass your exam.
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Question No. 1) What is the update schedule for SAP Group Reporting Data Collection?
Options:
A) Twice a year
B) Once a year
C) Twice a month
D) Once a month
Question No. 2) How are the investment and the non-controlling interest values accounted for in the purchase method? (2 correct)
Options:
A) There can be non-controlling interest values.
B) The investment is adjusted.
C) There cannot be any non-controlling interest values.
D) The Investment is eliminated.
Question No. 3) What must be done in order to use intercompany eliminations that are integrated with SAP Intercompany Matching and Reconciliation? (2 correct)
Options:
A) Create a reclassification method
B) Create an elimination method
C) Activate the reconciliation close process
D) Activate an intercompany hierarchy
Question No. 4) What is the best way to run a YTD report?
Options:
A) Configure group reporting to store YTD data
B) Use the period mode selection in the report
C) Calculate YTD data in a custom analytical query
D) Use the YTD measure in the report
Question No. 5) The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?
Options:
A) The variance will be posted to a statistical financial statement item.
B) Subsequent tasks cannot be run but can be blocked.
C) Subsequent tasks can be run but cannot be blocked.
D) The variance will be posted to a reporting financial statement item.
Question No. 6) You have the following hierarchy and intercompany transactions:
How many elimination entities are generated?
Options:
A) 5
B) 6
C) 3
D) 4
Question No. 7) When there is a balance sheet and income statement posting in a group journal entry, what creates the offsetting entries?
Options:
A) The data validation task
B) Selected FS items for automatic posting
C) Selection objects
D) The calc net income task
Question No. 8) What tasks can be run from the data monitor? (2 correct)
Options:
A) Calculate net income
B) Prepare for consolidation group change
C) Translate currency
D) Eliminate intercompany
Question No. 9) What are the required settings for the elimination of intercompany profit in inventory method? (2 correct)
Options:
A) Partner inclusion
B) Percent from partner
C) Percentage periodic
D) Selection of percentages
Question No. 10) What is required to run a management consolidation report?
Options:
A) Select a consolidation group
B) Create custom report logic
C) Create a duplicate data set
D) Select a segment hierarchy
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C_S4FCC_2021 Exam Answers
