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

Page: 1 / 14
Total 80 questions
Question 1

What are the prerequisites for a horizontal merger?

Note: There are 2 correct answers to this question.



Answer : B, D

The prerequisites for a horizontal merger include both consolidation units belonging to different consolidation groups and both consolidation units belonging to the same consolidation group1.


Question 2

What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?

Note: There are 2 correct answers to this question.



Answer : A, C

In order to reclassify local finished goods into corporate finished goods inventory using a reclassification method sequence, you must maintain settings such as destination and source1.


Question 3

Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.



Answer : A, D

Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.


Question 4

What validation tasks should be run after running a reclassification with posting level 10?

Note: There are 2 correct answers to this question.



Answer : A, D

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


Question 5

Upload multiple journal entries using a single Excel file.

What method sequences are needed to eliminate intercompany profit in inventory?

Note: There are 2 correct answers to this question.



Answer : C, D

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, method sequences that are needed to eliminate intercompany profit in inventory are:

Eliminate net income for the seller: This method sequence eliminates the net income of the seller unit that is derived from intercompany sales of inventory. This method sequence reduces the seller's net income and equity by the amount of intercompany profit in inventory.

Reverse the elimination of net income of the seller: This method sequence reverses the elimination of net income of the seller unit that was done in the previous method sequence. This method sequence restores the seller's net income and equity to their original values before elimination.


Question 6

Which task uses a blank posting level?



Answer : B

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.


Question 7

What do item groups identify in SAP Intercompany Matching and Reconciliation posting rules?

Note: There are 3 correct answers to this question.



Answer : A, B, E

Item groups identify quantity variances, timing variances and price differences in SAP Intercompany Matching and Reconciliation posting rules1.


Page:    1 / 14   
Total 80 questions