Free SAP C_S4FCC_2021 Practice Exam with Questions & Answers

Data slices in SAP Intercompany Matching and Reconciliation matching rules are made up of Company code and Partner unit. These two factors help to identify the corresponding transactions for matching and reconciliation purposes (SAP Help Portal: Define Matching Rules).

You cannot release data if company codes are not mapped to consolidation units or if the period is closed in group reporting. Both of these conditions prevent the release of data for consolidation.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the possible update modes when performing a flexible upload into SAP S/4HANA Finance for group reporting are:

• Overwrite: This mode replaces the existing data in the target consolidation ledger with the data from the source file. Any data that is not present in the source file will be deleted from the target consolidation ledger.
• Append: This mode adds the data from the source file to the existing data in the target consolidation ledger. Any data that is already present in the target consolidation ledger will remain unchanged.

A blank posting level is used in the data collection task. This task collects data from different sources, such as the general ledger, subledgers, and other systems, before the consolidation process begins.

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.

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 group journal entry substitution rule, the precondition can be left blank. A precondition is used to define the specific circumstances under which a substitution should be applied. If it is left blank, the substitution will be applied to all relevant journal entries without any restriction.

In the purchase method, there can be non-controlling interest values representing the portion of the subsidiary not owned by the parent company. The investment is adjusted to reflect the fair value of the acquired subsidiary's net assets.

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