Pass the SAP SAP Certified Application Associate C_S4FCC_2021 Questions and answers with CertsForce

The update schedule for SAP Group Reporting Data Collection is once a month. This ensures that the data used for group reporting purposes is up-to-date and accurate.

There are 3 elimination entities generated. The elimination entities are created at the lowest common parent level in the hierarchy where intercompany transactions occur. In this case, E1 is the parent of C1 and C2, E2 is the parent of C3 and C4, and E3 is the parent of C5. Thus, three elimination entities are generated.

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

To record values by business area in the Post Group Journal Entries app, you must add the business area to a breakdown category. It allows you to capture the required values by business area.

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)

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.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, the tasks that must be run before the activity based investment & equity elimination are:

Calculate net income: This task calculates the net income of each consolidation unit based on their income statement items. The net income is used to determine the share of profit or loss of each parent unit in their subsidiaries.

Calculate group share: This task calculates the group share percentage of each parent unit in their subsidiaries based on their ownership percentage and consolidation method. The group share percentage is used to determine the amount of investment and equity elimination.

The fields relevant for consolidation units that come from non-SAP systems include source for group currency key figure and source for local currency key figure1.

The possible sources for SAP S/4HANA Finance for group reporting are an extension ledger, the leading ledger, and a special purpose ledger. These ledgers store the financial data required for group reporting purposes.