Online Access Free C_S4FCC_2021 Exam Questions

What are the required settings for the elimination of intercompany profit in inventory method?
Note: There are 2 correct answers to this question.

• A.Selection of percentages
• B.Percentage periodic
• C.Partner inclusion
• D.Percent from partner

What settings must you maintain in a reclassification method sequence in order to reclassify local finished goods into corporate finished goods inventory?
Note: There are 2 correct answers to this question.

• A.Source
• B.Percentage
• C.Destination
• D.Trigger

Where do non-historic currency translation adjustments normally post?Note: There are 2 correct answers to this question.

• A.To the original FS item
• B.To the original subitem
• C.To a currency translation adjustment subitem
• D.To currency translation adjustment FS item

Company A purchased 80% of Company B for 80 million in December of 2022. Company B's equity is 50 million. What accounting entries should be generated when consolidation is run for December of 2022?
Note: There are 2 correct answers to this question.

• A.Debit goodwill 40 million
• B.Credit investment 80 million
• C.Credit investment 64 million
• D.Debit goodwill 50 million

What field is part of a consolidation group master data record?

• A.Currency translation method
• B.Reclassification method
• C.Validation method
• D.Consolidation method