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

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

The prerequisites for a horizontal merger include both consolidation units belonging to different consolidation groups and both consolidation units belonging to the same consolidation group1.

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)

if the balance sheet in SAP S/4HANA Finance for group reporting is out of balance, when data validation is run, the result is that the variance will be posted to a statistical financial statement item. A statistical financial statement item is a special type of FS item that is used to store variances or differences between debit and credit balances. A statistical financial statement item does not affect the balance sheet total or net income.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, group journal validation and substitution have the following things in common:

• Preconditions: Conditions that define when a validation or substitution rule is executed. Preconditions can be based on different dimensions or attributes of the data, such as company code, account type, etc.
• Filtering logic: Logic that defines how data is filtered and selected for validation or substitution purposes. Filtering logic can be based on different operators or expressions, such as equal to, greater than, contains, etc.

In group reporting, the currency translation method is assigned to the consolidation unit (B).

Posting levels are used to identify the origin of values in the consolidation process. They help to differentiate between values coming from different sources, such as data entry, data import, or manual postings.

Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.

The report logic in SAP S/4HANA group reporting determines the first common parent based on consolidation group hierarchies. This is used for the elimination of intercompany transactions and consolidation of financial data.

In an intercompany report, the dimensions "Consolidation unit eliminated" and "Consolidation unit" can be used to provide a consolidation view. The "Consolidation unit eliminated" dimension shows the elimination entries, while the "Consolidation unit" dimension displays the data for each consolidation unit involved in the intercompany transactions.

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.

To use a new validation method, the task IDs used when assigning the methods to consolidation are Reported data and Standardized data. These tasks represent different stages of the data processing in the consolidation process, and validations can be applied at these stages to ensure data accuracy and consistency.