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SAP C_S4FCC_2021 Exam

Certification Provider: SAP
Exam Name: SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)
Duration: 180 Minutes
Number of questions in our database: 80
Exam Version: Sep. 12, 2023
C_S4FCC_2021 Exam Official Topics:
  • Topic 1: Data acquisition including Group Reporting Data Collection/ Data acquisition incl. GRDC
  • Topic 2: Intercompany Matching and Reconciliation & Eliminations/ Data validation & Currency Translation
  • Topic 3: Balance Carry Forward, Reporting & Planning/ BCF, Reporting & Planning
  • Topic 4: Consolidation of Investments/ Structures & Master data/ Journals & Reclassification
  • Topic 5: Consolidation of Investments/ Structures & Master data/ ICMR & Eliminations

Free SAP C_S4FCC_2021 Exam Actual Questions

The questions for C_S4FCC_2021 were last updated On Sep. 12, 2023

Question #1

What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?

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Correct Answer: D

When running intercompany reports from a legal perspective, the 'Company code' dimensional hierarchy should be selected. This is because company codes represent the legal entities within the organization and are the basis for external financial reporting.


Question #2

What can be assigned to a report item in a reporting rule?

Note: There are 2 correct answers to this question.

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Correct Answer: A, D

In a reporting rule, a report item can be assigned to subitems and FS (Financial Statement) items. Subitems are used to provide more detailed information or breakdowns of the FS items, while FS items represent the main line items in the financial statements.


Question #3

How do you configure periodic vs. YTD translation?

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Correct Answer: C

You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)


Question #4

What can be assigned to a report item in a reporting rule?

Note: There are 2 correct answers to this question.

Reveal Solution Hide Solution
Correct Answer: A, D

In a reporting rule, a report item can be assigned to subitems and FS (Financial Statement) items. Subitems are used to provide more detailed information or breakdowns of the FS items, while FS items represent the main line items in the financial statements.


Question #5

How do you configure periodic vs. YTD translation?

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Correct Answer: C

You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)



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