Free SAP C_S4FCC_2021 Exam Actual Questions

The questions for C_S4FCC_2021 were last updated On Feb 18, 2025

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Question No. 1

How do you configure periodic vs. YTD translation?

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Correct Answer: C

You configure periodic vs. YTD (Year-to-Date) translation using the currency translation indicator. The currency translation indicator determines the method used for translating amounts in foreign currencies to the group currency, either periodically or cumulatively (YTD). (Reference: https://help.sap.com/viewer/0fa84c9d9c634132a6c3d6f3508c54a3/1809.002/en-US/0b3dbd7c0e264b62a7e2d2a1e7d31fbc.html)


Question No. 3

What can be left blank in a group journal entry substitution rule?

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Correct Answer: A

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.


Question No. 4

In a validation method, what operands can you use?

Note: There are 2 correct answers to this question.

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Correct Answer: C, D

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


Question No. 5

What does balance carry forward do?

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Correct Answer: B

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.