SAP C_S4FCC_2021 Dumps Questions Answers

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.

According to the SAP S/4HANA Finance for Group Reporting Associates documents1, fiscal year variants can be assigned to:

• Consolidation ledgers: A consolidation ledger is a data container that stores the consolidated data for a specific consolidation scenario and fiscal year variant. A consolidation ledger can have multiple versions to store different versions of consolidated data.
• Versions: A version is a data container that stores a specific version of consolidated data within a consolidation ledger. A version can have different settings than the consolidation ledger, such as fiscal year variant, currency translation indicator, etc.

A reconciliation case in SAP Intercompany Matching and Reconciliation is used to select matching methods. Matching methods define the criteria for matching intercompany transactions, ensuring that the transactions are accurately reconciled and eliminating discrepancies between the financial statements of different entities within a group.