C_S4FCC_2021 Practice Exam Questions with Answers SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Certification

When you release data in SAP S/4HANA Finance for group reporting, ACDOCC (Consolidation) records and ACDOCA (Universal Journal) records are copied into group reporting. ACDOCP (Planning) and BSEG (Accounting Document Segment) records are not copied into group reporting.

According to the Document Types document1, document types are used across SAP Group Reporting Data Collection apps to enter or map data for consolidation. The document types are part of the SAP content, but others can be created and used as well. The following document types are predefined by SAP and available for data mapping1:

• 0C: Data entry of reported financial data using a mapping from an import file
• 0D: Data entry of reported financial data using a mapping from Accounting
• 07: External reported data mapped using a public API and data entry of reported financial data using a mapping from Group reporting

Since cost center is set to aggregate in SAP S/4HANA Finance for group reporting, the system will aggregate the data based on the cost center field. In this case, the data for cost center A and cost center B will be aggregated, and a single record with a blank cost center will be posted in group reporting.

In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.

In the purchase method, there can be non-controlling interest values representing the portion of the subsidiary not owned by the parent company. The investment is adjusted to reflect the fair value of the acquired subsidiary's net assets.

when you set the communication status to “Done” in SAP Intercompany Matching and Reconciliation, overdue alarms are cleared1.

When you set the communication status to "Done" in SAP Intercompany Matching and Reconciliation, overdue alarms are cleared. This indicates that the communication process for the intercompany matching and reconciliation has been completed. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)

The "Source for group currency key figure" setting in the sequence allows you to preserve an existing group currency amount during translation.

A blank posting level is used in the data collection task. This task collects data from different sources, such as the general ledger, subledgers, and other systems, before the consolidation process begins.

In a document type, you can define the reversal document type, number range, and posting level. The reversal document type is used for reversing entries. The number range determines the range of document numbers that can be assigned to documents of that type. The posting level defines whether the document type is used for single-level or cross-company code postings. You can find more information in the SAP S/4HANA Finance for Group Reporting documentation under "Document Types".

To use a new validation method, the task IDs used when assigning the methods to consolidation are Reported data and Standardized data. These tasks represent different stages of the data processing in the consolidation process, and validations can be applied at these stages to ensure data accuracy and consistency.

When using the import group journal entries template, you can override substitution rules by inputting values directly in the Excel file, adapt the template to include your own custom fields, and upload multiple journal entries using a single Excel file. Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/1909.002/en-US/5a5d5e7b1c5b4f3d8f5e4d7f60e9e4a3.html

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.

After running a reclassification with posting level 10, you should run the validation tasks for consolidated data and reported data.

SAP Group Reporting Data Collection updates the ACDOCC (Consolidation Staging) table. This table is used to store data that is collected from various source systems for consolidation purposes. Reference: https://help.sap.com/viewer/df185fd53bb645b1bd99284ee4e4a750/2020.002/en-US/4c1d8f4f16564f249c0e0d4a8e45d9f9.html

the best way to run a YTD report is to use the YTD measure in the report. YTD stands for year-to-date and refers to the cumulative amount of data from the beginning of the fiscal year to the current period. The YTD measure is a predefined measure that calculates the YTD amount for each FS item based on their role attribute and period mode.

the SAP Group Reporting Data Collection mappings are based on data collection configuration tables2.

The SAP Group Reporting Data Collection mappings are based on data collection configuration tables. These tables store the mapping rules and definitions that enable the system to import data from various data sources into the SAP Group Reporting Data Collection system. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c264b62a7e2d2a1e7d31fbc.html)

To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a consolidation ledger must be configured in order to release plan data into SAP S/4HANA Finance for group reporting. A consolidation ledger is a data container that stores the plan data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of plan data.