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SAP C_S4FCC_2021 Exam
- 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 30-01-2024
What can be assigned to a report item in a reporting rule?
Note: There are 2 correct answers to this question.
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.
What does balance carry forward do?
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.
What dimensions can be used in an intercompany report to provide a consolidation view?
Note: There are 2 correct answers to this question.
In an intercompany report, the dimensions 'Consolidation unit eliminated' and 'Consolidation unit' can be used to provide a consolidation view. The 'Consolidation unit eliminated' dimension shows the elimination entries, while the 'Consolidation unit' dimension displays the data for each consolidation unit involved in the intercompany transactions.
What does balance carry forward do?
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.
What dimensional hierarchy should be selected when running intercompany reports from a legal perspective?
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.
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