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In order to be eligible for the SAP C-S4FCC-2021 certification exam, the candidate must have a basic understanding of finance and accounting concepts. The candidate must also have a good understanding of the SAP S/4HANA Finance for Group Reporting Associates. The SAP C-S4FCC-2021 certification exam consists of 80 multiple-choice questions that need to be answered within a time frame of 180 minutes. In order to pass the exam, the candidate must score at least 65%.

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SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Sample Questions (Q52-Q57):

NEW QUESTION # 52
What can be attached to a group journal entry?
Note: There are 3 correct answers to this question.

  • A. Excel files
  • B. Word documents
  • C. Audio files
  • D. Video files
  • E. URLs

Answer: A,B,E


NEW QUESTION # 53
Which of the following SAP S/4HANA ledgers are possible sources for SAP S/4HANA Finance for group reporting? Note: There are 3 correct answers to this question.

  • A. A special purpose ledger
  • B. An extension ledger
  • C. The predictive ledger
  • D. A consolidation ledger
  • E. The leading ledger

Answer: A,C,E


NEW QUESTION # 54
What happens when a workflow request in SAP Intercompany Matching and Reconciliation is approved?

  • A. The reconciliation status is set to closed.
  • B. Variance entries are posted.
  • C. Elimination entries are posted.
  • D. The elimination status is set to closed.

Answer: A


NEW QUESTION # 55
What ownership chains are supported in the equity pickup solution?
Note: There are 2 correct answers to this question.

  • A. Circular
  • B. Single level
  • C. Horizontal
  • D. Vertical

Answer: C,D

Explanation:
According to the SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) certification exam1, the ownership chains that are supported in the equity pickup solution are:
Vertical: A vertical ownership chain is a direct or indirect ownership relationship between two units in the same consolidation group. For example, if unit A owns 80% of unit B, and unit B owns 60% of unit C, then there is a vertical ownership chain from A to C.
Horizontal: A horizontal ownership chain is an ownership relationship between two units that are not in the same consolidation group, but have a common parent unit. For example, if unit A owns 80% of unit B and 70% of unit C, then there is a horizontal ownership chain between B and C.


NEW QUESTION # 56
What is a prerequisite when planning on group reporting data in an SAP Analytics Cloud story?

  • A. Use an import connection
  • B. Use an SAP Fiori app to launch SAP Analytics Cloud
  • C. Use a live connection
  • D. Use an SAP Fiori app for an embedded story

Answer: B,D


NEW QUESTION # 57
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