C_S4FCC_2021 SAP Certified Application Associate - SAP S/4HANA Finance for Group Reporting Associates (SAP S/4HANA 2021) Question and Answers

From the data monitor, you can run tasks such as Translate currency to convert financial data into the group currency and Eliminate intercompany to remove intercompany transactions during the consolidation process.

According to the document, some of the tasks that can be run from the Data Monitor are1:

• Translate currency: This task translates the reported data of consolidation units into group currency using the exchange rates maintained in the system.
• Eliminate intercompany: This task eliminates the intercompany transactions and balances between consolidation units using the reclassification methods defined in the system.

In a document type, you can define the reversal document type, number range, and posting level. The reversal document type is used for reversing entries. The number range determines the range of document numbers that can be assigned to documents of that type. The posting level defines whether the document type is used for single-level or cross-company code postings. You can find more information in the SAP S/4HANA Finance for Group Reporting documentation under "Document Types".

In order to reclassify local finished goods into corporate finished goods inventory using a reclassification method sequence, you must maintain settings such as destination and source1.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a fiscal year variant is a required global parameter that must be selected when creating a new consolidation scenario. A fiscal year variant defines the number and length of posting periods and special periods for a fiscal year. A fiscal year variant can be assigned to one or more consolidation scenarios.

Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, a consolidation ledger must be configured in order to release plan data into SAP S/4HANA Finance for group reporting. A consolidation ledger is a data container that stores the plan data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of plan data.

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

In group reporting, SAP Intercompany Matching and Reconciliation reason codes are used to identify transaction differences in intercompany eliminations. These codes help to track and resolve discrepancies between intercompany transactions.