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NEW QUESTION # 29
What are settings you can define in a document type?
Note: There are 3 correct answers to this question.
- A. Reversal document type
- B. Number range
- C. Posting level
- D. Account range
- E. Balance check
Answer: B,C,E
NEW QUESTION # 30
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.
- A. Consolidation unit
- B. Profit center eliminated
- C. Consolidation unit eliminated
- D. Profit center
Answer: C
NEW QUESTION # 31
The balance sheet in SAP S/4HANA Finance for group reporting is out of balance. When data validation is run, what is the result?
- A. The variance will be posted to a reporting 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 statistical financial statement item.
Answer: D
Explanation:
if the balance sheet in SAP S/4HANA Finance for group reporting is out of balance, when data validation is run, the result is that the variance will be posted to a statistical financial statement item. A statistical financial statement item is a special type of FS item that is used to store variances or differences between debit and credit balances. A statistical financial statement item does not affect the balance sheet total or net income.
NEW QUESTION # 32
What does the report logic in SAP S/4HANA group reporting do?
- A. It determines the first common parent based on segment hierarchies.
- B. It reverses the sign based on the FS item type.
- C. It determines the first common parent based on consolidation group hierarchies.
- D. It prevents aggregation based on the FS item type.
Answer: C
Explanation:
The report logic in SAP S/4HANA group reporting determines the first common parent based on consolidation group hierarchies. This is used for the elimination of intercompany transactions and consolidation of financial data.
NEW QUESTION # 33
What are the SAP Group Reporting Data Collection mappings based on?
- A. CSV Files
- B. Data collection configuration tables
- C. Data collection methods
- D. Excel Files
Answer: C
NEW QUESTION # 34
From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.
- A. ACDOCP
- B. ACDOCU
- C. ACDOCA
- D. ACDOCC
Answer: B
NEW QUESTION # 35
What does activity based feature?
Note: There are 2 correct answers to this question.
- A. Custom posting logic
- B. Ownership percentages posted separately from investment values
- C. Pre-defined posting logic
- D. Ownership percentages posted with investment values
Answer: A,C
NEW QUESTION # 36
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.
- A. A consolidation ledger
- B. The leading ledger
- C. A special purpose ledger
- D. An extension ledger
- E. The predictive ledger
Answer: B,C,E
NEW QUESTION # 37
What can happen in SAP S/4HANA Finance for group reporting when you release data?
Note: There are 2 correct answers to this question.
- A. BSEG records are copied into group reporting.
- B. ACDOCC records are copied into group reporting.
- C. ACDOCA records are copied into group reporting.
- D. ACDOCP records are copied into group reporting.
Answer: B
NEW QUESTION # 38
When you use the flexible upload, what are the file parameters?
Note: There are 2 correct answers to this question.
- A. Input type
- B. Upload method
- C. Consolidation method
- D. Document type
Answer: A,D
NEW QUESTION # 39
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
Answer: B,C
Explanation:
The dimensions that can be used in a hierarchical elimination include company and profit center1.
NEW QUESTION # 40
What fields are relevant for consolidation units that come from non-SAP systems?
Note: There are 2 correct answers to this question.
- A. Universal journal integration
- B. Source for local currency key figure
- C. Source for group currency key figure
- D. Local currency
Answer: B,C
NEW QUESTION # 41
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.
- A. Vertical
- B. Horizontal
- C. Circular
- D. Single level
Answer: A,B
Explanation:
According to the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam1, the ownership chains that are supported in the equity pickup solution are:
Vertical: A vertical ownership chain is a direct or indirect ownership relationship between two units in the same consolidation group. For example, if unit A owns 80% of unit B, and unit B owns 60% of unit C, then there is a vertical ownership chain from A to C.
Horizontal: A horizontal ownership chain is an ownership relationship between two units that are not in the same consolidation group, but have a common parent unit. For example, if unit A owns 80% of unit B and 70% of unit C, then there is a horizontal ownership chain between B and C.
NEW QUESTION # 42
What field values are controlled by breakdown categories when posting to SAP S$/4HANA Finance for group reporting?
- A. Consolidation units
- B. FS items
- C. Subitems
- D. Custom fields
Answer: C
Explanation:
Breakdown categories control subitem field values when posting to SAP S/4HANA Finance for group reporting. Subitems are used to provide additional granularity and detail in financial reporting. (Reference: https://help.sap.com/viewer/0fa849c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html) According to the Breakdown Categories document1, breakdown categories classify subassignments that are required for Financial Statement (FS) items to perform consolidation tasks. The following breakdown category fields are supported1:
Partner Unit
Subitem Category
Subitem
Transaction Currency
Unit of Measure
For each FS item, the breakdown category determines which subassignments must be entered1. For example, if an FS item is assigned with breakdown category 1A10, the data records of this FS item must have a subitem category value of 1 (Transaction Type) and a subitem value from the selection S-BC-TT-011.
NEW QUESTION # 43
From which SAP S/4HANA tables can SAP Intercompany Matching and Reconciliation access intercompany data?
Note: There are 2 correct answers to this question.
- A. ACDOCA
- B. ACDOCP
- C. ACDOCU
- D. ACDOCC
Answer: A,C
Explanation:
SAP Intercompany Matching and Reconciliation accesses intercompany data from tables ACDOCU (Universal Journal Entry Line Items - Consolidation View) and ACDOCA (Universal Journal Entry Line Items - General Ledger View). These tables store the financial data needed for the intercompany reconciliation process.
NEW QUESTION # 44
What must be configured in order to release plan data into SAP S/4HANA Finance for group reporting?
Note: There are 2 correct answers to this question.
- A. A consolidation cycle
- B. Asource category
- C. Aconsolidation ledger
- D. A source version
Answer: A,C
NEW QUESTION # 45
In your rule-based method, you need to book an amount that is calculated by multiplying by
1 minus the ownership percentage.
What field would you use?
- A. Sign triggered reclassification
- B. Percentage complementary
- C. Percentage rate
- D. Selection for percentage
Answer: A
NEW QUESTION # 46
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?
- A. Enable business area for input
- B. Add business area to a breakdown category
- C. Enable business area as an attribute for consolidation unit
- D. Add business area to the ACDOCU table
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Answer: D
NEW QUESTION # 47
In a validation method, what operands can you use?
Note: There are 2 correct answers to this question.
- A. Multiply
- B. Divide
- C. Quantity
- D. Amount
Answer: C,D
Explanation:
In a validation method, you can use operands like Amount, which represents the monetary value, and Quantity, which represents the number of units.
NEW QUESTION # 48
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 group currency key figure
- B. Local currency
- C. Source for local currency key figure
- D. Universal journal integration
Answer: B,D
NEW QUESTION # 49
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. Run total divestiture
- C. Calculate group share
- D. Calculate net income
Answer: C,D
Explanation:
According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the tasks that must be run before the activity based investment & equity elimination are:
Calculate net income: This task calculates the net income of each consolidation unit based on their income statement items. The net income is used to determine the share of profit or loss of each parent unit in their subsidiaries.
Calculate group share: This task calculates the group share percentage of each parent unit in their subsidiaries based on their ownership percentage and consolidation method. The group share percentage is used to determine the amount of investment and equity elimination.
NEW QUESTION # 50
What does balance carry forward do?
- A. It carries forward reporting FS items to the same FS item as in the previous year by default unless otherwise specified.
- B. It carries forward statistical FS items to the same subitem as in the previous year by default.
- C. It carries forward equity values to the same FS item as in the previous year by default unless otherwise specified.
- D. It carries forward asset values to the same subitem as in the previous year by default.
Answer: A
Explanation:
Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.
NEW QUESTION # 51
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SAP C_S4FCC_2021 is one of the most sought-after certifications in the IT industry. The certification is designed to validate the knowledge and skills of SAP S/4HANA Finance for Group Reporting Associates. The exam is an associate-level certification, which means it is a beginner-level certification that is ideal for individuals who are just starting their career in SAP Finance. It is also an excellent certification for professionals who are already working in the field and want to upskill or validate their knowledge.
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