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To be eligible for the SAP C_S4FCC_2021 certification exam, candidates must have a basic understanding of financial accounting and reporting processes. They should also have experience working with SAP S/4HANA Finance for Group Reporting, as well as knowledge of SAP S/4HANA 2021. C-S4FCC-2021 exam is available in English and consists of 80 questions, which must be answered within 180 minutes.

SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Sample Questions (Q42-Q47):

NEW QUESTION # 42
What translation setting in the sequence would allow you to preserve an existing group currency amount?

A. Source for group currency key figure
B. Translation key
C. Reference rate
D. Currency translation indicator

Answer: A

NEW QUESTION # 43
How do you create a group journal entry with multiple versions?

A. Select multiple reference versions
B. Select multiple group currency extension versions
C. Select multiple standard versions
D. Select multiple extension versions

Answer: B

NEW QUESTION # 44
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.

A. Eliminate net income for the buyer
B. Reverse the elimination of net income of the buyer
C. Eliminate net income for the seller
D. Reverse the elimination of net income of the seller

Answer: B,C

NEW QUESTION # 45
What field is part of a consolidation group master data record?

A. Validation method
B. Reclassification method
C. Currency translation method
D. Consolidation method

Answer: D

Explanation:
The consolidation method field is part of a consolidation group master data record. This field is used to define the method by which the financial data of the consolidation unit will be combined with the financial data of the consolidation group. The consolidation method is essential for accurate group reporting in SAP S/4HANA Finance.

NEW QUESTION # 46
What is required to run a management consolidation report?

A. Select a consolidation group
B. Create a duplicate data set& EXACTPREP"
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C. Create custom report logic
D. Select a segment hierarchy

Answer: D

NEW QUESTION # 47
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