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

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the translation setting in the sequence that would allow you to preserve an existing group currency amount is reference rate. Reference rate is a field that defines the exchange rate that is used to translate local currency amounts into group currency amounts. If you want to preserve an existing group currency amount, you can set the reference rate to 1, which means no translation will take place.

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.

In a validation method, you can use operands like Amount, which represents the monetary value, and Quantity, which represents the number of units.

In SAP S/4HANA Finance for Group Reporting, group journal entries can have attachments such as Excel files, URLs, and Word documents. These attachments can provide additional information and context to the journal entry, making it the underlying transactions (SAP Help Portal: Group Journal Entries)

The source when viewing group reporting data in SAP Analysis for Office is a calculation view.

To run a management consolidation report, you must select a consolidation group. The consolidation group represents a set of entities whose financial data will be aggregated and reported in the management consolidation report.

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.

A reconciliation case in SAP Intercompany Matching and Reconciliation is used to select matching methods. Matching methods define the criteria for matching intercompany transactions, ensuring that the transactions are accurately reconciled and eliminating discrepancies between the financial statements of different entities within a group.

when you set the communication status to “Done” in SAP Intercompany Matching and Reconciliation, overdue alarms are cleared1.

When you set the communication status to "Done" in SAP Intercompany Matching and Reconciliation, overdue alarms are cleared. This indicates that the communication process for the intercompany matching and reconciliation has been completed. (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)

A live connection is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story because it allows real-time access to data without the need for data replication. This provides users with up-to-date information for their analytics and reporting needs. (Reference: https://help.sap.com/viewer/00f68c2e08b941f0818e6fd3a6fdceed/latest/en-US/6f3b4c5f6f9c4f3d9b393a7f5d5f5e5d.html)

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, in order to release data from a prior period, you must change your global parameters. Global parameters are parameters that define the scope and settings of your consolidation scenario, such as fiscal year variant, consolidation ledger, consolidation group, etc. You can change your global parameters by using the Change Global Parameters app. You can change the period parameter to select the prior period that you want to release data from.

SAP Group Reporting Data Collection updates the ACDOCC (Consolidation Staging) table. This table is used to store data that is collected from various source systems for consolidation purposes. Reference: https://help.sap.com/viewer/df185fd53bb645b1bd99284ee4e4a750/2020.002/en-US/4c1d8f4f16564f249c0e0d4a8e45d9f9.html