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

Question 1

How are the investment and the non-controlling interest values accounted for in the purchase method?
Note: There are 2 correct answers to this question.

A. The Investment is eliminated.

B. There can be non-controlling interest values.

C. The investment is adjusted.

D. There cannot be any non-controlling interest values.

Correct Answer: B,C

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Question 2

You have the following hierarchy and intercompany transactions:

How many elimination entities are generated?

A. 5

B. 3

C. 4

D. 6

Correct Answer: B

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Question 3

What must you do in order to release data from a prior period?

A. Run the Copy Transaction Data app

B. Change your global parameters

C. Run balance carry forward

D. Release data with an offset of -1

Correct Answer: B

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Question 4

You have 2 records in acdoca with cost center A and 2 records with cost center B.
All 4 records are for the same legal entity:

Cost center is set to aggregate in SAP S/4HANA Finance for group reporting.
What happens to the cost center field in group reporting when the data is released?

A. 1 record with a blank cost center is posted.

B. 4 records with a blank cost center are posted.

C. 1 record for cost center A is posted and 1 record for cost center B is posted.

D. 2 records for cost center A are posted and 2 records for cost center B are posted.

Correct Answer: A

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Question 5

What master data objects can be used in global accounting hierarchies?Note: There are 3 correct answers to this question.

A. Consolidation unit

B. Profit center

C. Consolidation group

D. Reporting item

E. Breakdown category

Correct Answer: A,B,C

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Question 6

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

A. Currency translation method

B. Validation method

C. Source for document currency key figure

D. Source for local currency key figure

Correct Answer: A,D

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Question 7

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.

A. Trigger

B. Source

C. Percentage

D. Destination

Correct Answer: B,D

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Question 8

In group reporting, what do SAP Intercompany Matching and Reconciliation reason codes do?

A. They generate inbox entries.

B. They generate variance postings.

C. They identify currency translation differences in intercompany eliminations.

D. They identify transaction differences in intercompany eliminations.

Correct Answer: D

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SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) - C-S4FCC-2021 Exam Practice Test

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