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C_S4FCC_2021 Exam Dumps - SAP Certified Application Associate Questions and Answers

Question # 4

What are the required settings for the elimination of intercompany profit in inventory method?

Note: There are 2 correct answers to this question.

Options:

A.

Partner inclusion

B.

Percent from partner

C.

Percentage periodic

D.

Selection of percentages

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Question # 5

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

Options:

A.

To currency translation adjustment FS item

B.

To the original FS item

C.

To the original subitem

D.

To a currency translation adjustment subitem

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Question # 6

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.

Options:

A.

Debit goodwill 50 million

B.

Credit investment 64 million

C.

Debit goodwill 40 million

D.

Credit investment 80 million

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Question # 7

What is the update schedule for SAP Group Reporting Data Collection?

Options:

A.

Twice a year

B.

Once a year

C.

Twice a month

D.

Once a month

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Question # 8

What can be attached to a group journal entry?Note: There are 3 correct answers to this question.

Options:

A.

Audio files

B.

Excel files

C.

URLs

D.

Word documents

E.

Video files

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Question # 9

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.

Options:

A.

There can be non-controlling interest values.

B.

The investment is adjusted.

C.

There cannot be any non-controlling interest values.

D.

The Investment is eliminated.

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Question # 10

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

Options:

A.

Use an import connection

B.

Use an SAP Fiori app to launch SAP Analytics Cloud

C.

Use an SAP Fiori app for an embedded story

D.

Use a live connection

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Question # 11

What are settings you can define in a document type?

Note: There are 3 correct answers to this question.

Options:

A.

Reversal document type

B.

Account range

C.

Number range

D.

Posting level

E.

Balance check

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Question # 12

Which task uses a blank posting level?

Options:

A.

Release universal journal

B.

Data collection

C.

Calculate net income

D.

Currency translation

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Question # 13

What is the currency translation method assigned to in group reporting?

Options:

A.

The consolidation group

B.

The consolidation unit

C.

The financial statement item

D.

The consolidation version

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Exam Code: C_S4FCC_2021
Exam Name: SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021)
Last Update: Feb 18, 2025
Questions: 80
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