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

Company A purchased 80% of Company B for 80 million in December of 2022. Company B's equity is 50 million. What accounting entries should be generated when consolidation is run for December of 2022? Note: There are 2 correct answers to this question.

• Debit goodwill 50 million
• Credit investment 64 million
• Debit goodwill 40 million
• Credit investment 80 million

What validation tasks should be run after running a reclassification with posting level 10? Note: There are 2 correct answers to this question.

• Validate consolidated data
• Validate universal journal
• Validate standardized data
• Validate reported data

What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?

• Use an import connection
• Use an SAP Fiori app to launch SAP Analytics Cloud
• Use an SAP Fiori app for an embedded story
• Use a live connection

What ownership chains are supported in the equity pickup solution? Note: There are 2 correct answers to this question.

• Vertical
• Circular
• Single level
• Horizontal

What does the report logic in SAP S/4HANA group reporting do?

• It prevents aggregation based on the FS item type.
• It determines the first common parent based on segment hierarchies.
• It reverses the sign based on the FS item type.
• It determines the first common parent based on consolidation group hierarchies.

What are the SAP Group Reporting Data Collection mappings based on?

• Data collection configuration tables
• Excel Files
• CSV Files
• Data collection methods

What fields are included in a consolidation unit master record? Note: There are 2 correct answers to this question.

• Currency translation method
• Validation method
• Source for local currency key figure
• Source for document currency key figure

Which period mode is possible in SAP Group Reporting Data Collection forms?

• Weekly
• Daily
• Annual
• Periodic

What FS item types can you use in SAP S/4HANA Finance for group reporting? Note: There are 3 correct answers to this question.

• Balance sheet
• Asset
• Profit & Loss
• Reporting
• Statistical

What document types does SAP provide when importing from SAP Group Reporting Data Collection to SAP S/4HANA Finance for group reporting? Note: There are 2 correct answers to this question.

• 0D
• OC
• OB
• OA