CREATE TEST

ERASED TEST, YOU MAY BE INTERESTED ON 141

COMMENTS	STATISTICS	RECORDS

TAKE THE TEST

Title of test: 141 Description: 1414123213 Author: 12 Other tests from this author Creation Date: 17/09/2019 Category: Entertainment Number of questions: 287

Share the Test:

New Comment

No comments about this test.

Content:

When creating an Overhead Cost Order, the first order information which must be entered is: Please choose the correct answer. Order status Order type Settlement type Classification code . Which of the following views and results do profit center accounting reports in New GL provide? There are 3 correct answers to this question. Return on investment Balance sheet statement Fixed and variable cost portions Cost of goods sold Variance categories of production. You have activated segment reporting for your company code. What is its prerequisite? There are 2 correct answers to this question. You have to allow zero balances for the segment characteristics. The document splitting procedure is not mandatory The segment is derived manually from the company code You can define own rule to derive the segment during posting. A customer wants to perform cost center planning to reflect different expectations for the future. How can the customer create different plans in parallel? Please choose the correct answer. Use different costing variants. Use different planning areas. Use different valuation areas. Use different versions. Which of the following statements are correct? Please choose the correct answer. The plant must be assigned to a company code. We can only assign one company code to a given controlling area. We can change the assignment of controlling area, operating concern, company code, and plant etc. even if the master data & transaction data has been created. We can assign more than one controlling area to a given operating concern. . In costing, a strategy sequence is used to select a vendor or purchasing info record. The selection criteria are as follows: i) Prices of vendors ii) Source list for material. iii) Purchasing info records. iv) Quota arrangement for material. Please choose the correct answer. iii, i, ii, iv iv, i, ii, iii iv, ii, iii, i i, iv, ii, iii. How is work in process (WIP) calculated for a production order? Please choose the correct answer. Based on the standard price cost estimate, independent of the valuation variant settings Based on the actual cost, dependent on the order status Based on the plan cost, dependent on the order status Based on the target cost, dependent on the valuation variant settings. If we are using the controlling level Production level, the product cost collector is created for? There are 3 correct answers to this question. BOM/Routing Characteristics Materials Production plant Planning plant. What planning options do you have on internal orders? There are 3 correct answers to this question. Unit cost estimate Activity output planning Top-down planning for order hierarchies Easy cost planning Overall planning. Which of the following is defined in the PA transfer structure? Please choose the correct answer. Assignment of distribution rules to certain cost elements. Assignment of master data to characteristics. Assignment of source cost elements to allocation cost elements. Assignment of cost elements to value fields. Which data do you need to set up an accrual calculation with the percentage method? There are 2 correct answers to this question. Cost center or internal order (order category 2) as credit object. Accrual allocation cycle with sender receiver segments. Secondary cost element (category 31) as accrual cost element. Primary cost element (category 3) as accrual cost element. Accrual settlement rules with percentage method. When can we use planned price manually for an activity type? Please choose the correct answer. Where the prices required for rates are determined within the organization. It depends on internally produced activities It is depended on the cost of cost center. The rate doesn’t depend on the prices of external suppliers. Which are the material master views relevant to costing? There are 3 correct answers to this question. Basic view MRP view Costing view Accounting view Forecasting view . What are the features of transfer control? There are 2 correct answers to this question. Speeds up the costing process through use of existing cost estimates. Avoids the creation of unnecessary material cost estimates. Transfer of Cross plant cost estimates is not available. Can be used only for material cost estimate with quantity structure. How does the cost and revenue flow to the profit center? There are 2 correct answers to this question. The profit center is assigned to sales order. All the above. The profit center is assigned to material master. The profit center is assigned to the cost center master data. . What happens when a confirmations is being done in process order? Please choose the correct answer. The internal activity allocation All the above Receipt of finished products in stock Withdrawals and consumption of inputs . Your company is implementing SAP SRM and SAP SCM in phase 1. They are planning a phase 2 to include SAP CRM and SAP BI. Their goal is to minimize changes & therefore costs. They ask you for an opinion on when to install the Solution Manager. Please choose the correct answer. SAP Solution manager should be implemented between Phase I and Phase II. This would ensure that resources are available. SAP Solution manager should be implemented at the beginning of Phase I as it is only used for project planning & configuration via Roadmaps. If we don’t implement it in phase 1 we should not implement it at all. SAP Solution manager should be implement at the beginning of Phase I as it can configure to help systems via roadmaps and it is required by SAP for software maintenance of SAP SCM and the other SAP systems in our landscape. Which of the following statement is not correct in reference to planning layout for costing based CO-PA and account-based CO-PA? Please choose the correct answer. Same planning layout can be used. Characteristic record type is needed in Costing based CO-PA layout. Characteristic Cost element is needed in Account-based CO-PA layout. All the above. When do we use mixed costing in product cost controlling? There are 2 correct answers to this question. When different processes are used to manufacture the same material It is required when we have different sources of supply for purchased material Price variances arise when the system updates the mixed price as the moving average price in the material master. All the above. How can you accelerate the setup of a new Report Painter report? Please choose the correct answer. Use column and/or row models. Reuse key figure schemes for drilldown reporting. Reuse drilldown reporting forms. Use saved layouts of SAP List Viewer (ALV) reports. Which of the following statement are correct in reference to primary cost element? Please choose the correct answer. It can be created without the respective general ledger existing in Operational charts of accounts. The posting of primary cost element doesn’t require an object in the management accounting to identify the origin of the costs. You need to create expense accounts in financial accounting with corresponding primary cost elements in controlling. An example of primary cost is depreciation of fixed assets, telephone expenses, repair & maintenance expenses in a manufacturing organization. A customer is using sales order controlling. How are the revenues and cost of goods sold transferred to CO-PA? Please choose the correct answer. By results analysis. By settlement. By billing. By outbound delivery. You are using product cost by order. Which of the following statements are correct? Please choose the correct answer. The settlement rule has the settlement type PER For period-end closing a result analysis is performed Setup cost is very low Controlling by individual production lots. We can use execution services to enter commitments and actual costs for planning items using easy cost planning. Which of the following postings are possible? Please choose the correct answer. Purchase orders Goods issues Internal activity allocation Direct process allocation All the above. Which of the following do you define in a library of the Report Painter? Please choose the correct answer. Report groups and reports. Formats and format figures. Predefined columns and rows. Characteristics and key figures. You have posted the results of an assessment cycle run, but some of the assigned receivers were incorrect. How can you correct this? Please choose the correct answer. Correct the receiver entries and rerun the cycle with a different cycle run group to post only the corrected results to the first run Cancel the allocation with the original settings before you correct the receiver entries and rerun the cycle Post a manual cost allocation with the same assessment cost element Correct the receiver entries and rerun the cycle. The original run will be canceled automatically. How can you set up a valuation based on a cost estimate in costing-based profitability analysis? There are 3 correct answers to this question. By assigning the costing variant to valuation variant By assigning the costing key to value fields. By assigning the costing key to material types. By assigning the costing key to products. By assigning the costing variant in the costing key. . The depreciation of assets is posted to profit center. Which of this statement is not correct? Please choose the correct answer. Depreciation response expense account is defined as a cost element The account must be assigned as item categories. Document splitting criteria has to be activated The “ Depreciation Run” account assignment type for the depreciation area has to be assigned . Which of the following statement correct with reference to component scrap? Please choose the correct answer. Component scrap is used in MRP to determine the input quantities of component. The system increases the lot size. The system increases the quantity to be produced. All the above. In January, you posted a headcount of 10 employees as an actual statistical key figure on a cost center. The key figure is defined as fixed value. In July, the headcount is reduced to 8 employees for the rest of the year. What headcount do you have to post? Please choose the correct answer. -2 in each period July to December. 8 in period July. 8 in each period July to December. -2 in period July. A controlling area has been created for more than one company code. Which of the following statement are not correct? The operating chart of accounts for company codes & controlling area has to be identical. The profit center covers more than one company codes. The closing in management accounting is independent of final closing in financial accounting. Group costing is required for goods manufactured across the company code. How does material costing support semi-finished and finished materials that are valuated in stock with consistent valuation strategies per company code? Please choose the correct answer. Costing runs to update the standard prices have to run generally under observation of an external auditor. You are only allowed to use one single costing variant to update standard prices per period and company code. You are only allowed to use iterative activity prices in material cost estimates which update standard prices. You are only allowed to use material cost estimates with quantity structure to update standard prices. Your organization is using process order to manufacture their products. Which of the following statements are correct? There are 3 correct answers to this question. Master recipe is used which contains operations and phases One or more materials is required for execution of that step The operations are relevant to costing The costs are updated to the order header. What is the name of the infrastructure that supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform? Please choose the correct answer. SAP NetWeaver SAP Business Process Management SAP Exchange Infrastructure SAP Web AS. A customer wants you to explain the results of the preliminary costing of a production order. How are the results determined? Please choose the correct answer. The actual quantities are valuated with plan values. The costs are determined by the cost estimate of the reference order. The standard cost estimate is copied from the material master and adjusted by the order quantity. The quantity structure in the production order is valuated by the costing variant settings. Your customer requires that material costs for raw materials in a semi-finished product are also displayed as raw material costs in higher-level products. What do you need to set up? Please choose the correct answer. Costing sheet Cost component structure Cost splitting structure Costing variant. A company wants to prevent postings of more than 5000 EUR on cost centers by generating an error message. What do you recommend? Please choose the correct answer. Activating and using availability control for cost centers. Creating a substitution rule in the IMG. Creating a lock amount on the control tab in the cost center master data. Creating a validation rule in the IMG. A customer using costing-based profitability analysis sells materials from stock. What data is transferred as "cost of goods sold" to profitability analysis? Please choose the correct answer. Effective price for the materials in the quotation Net price for the materials in the customer info record Cost component structure of the standard price for the materials Value of the moving average price for the materials. You want to assign quantity-based overhead costs to production orders with controlling objects. Which methods can you use? There are 3 correct answers to this question Costing sheet Direct activity allocation Periodic reposting Template allocation Distribution cycle. You want to plan costs on an internal order. Which of the following options can you use to reduce manual planning effort? Please choose the correct answer Copy plan to plan Top-down planning for order hierarchies Activity output planning Plan assessment. Suppose the financial accounting & management accounting has same number of posting period, but in financial accounting four special periods have been setup but in management accounting two special periods have been setup. The posting will be done in last management accounting posting period. The posting will be done in the first special period in management accounting. The posting will be done in the Second special period in management accounting. No posting will be done in management accounting. You have activated integrated planning from overhead cost controlling to financial accounting for profit center planning. Which of this statement is correct? Please choose the correct answer. The plan version in FI and CO need to be same name The plan version in FI and CO need not be having same name None of the above. Which of the following statements are FALSE? There are 2 correct answers to this question. New business process procedure can be created from a standard template SAP Solution Manager is only used during the implementation phase of a project The Knowledge Warehouse contains numerous accelerators Any person can access project documentation in SAP Solution Manager. Your company is implementing SAP & wants to analyze profit in your organization. You have chosen Profitability Analysis over Profit Center Accounting. What are the reasons for choosing the same? There are 2 correct answers to this question. Analyzing the internal Profit and loss of organizational subunit. Analyzing the profitability of segments of your market, structured according to customers, products, orders, etc. and organizational units. The data need to be analyzed by period, or project, or by orders. The data need to be analyzed by period. A customer wants to allocate the over absorption/under absorption of cost centers source related to receiver. What is the most accurate allocation rule? Please choose the correct answer. Assessment of fixed portions based on any value field of the market segments. Assessment of posted amounts based on any value field of the market segments. Assessment of posted amounts based on any derivation rule of characteristics. Assessment of fixed portions based on statistical key figures of the market segment. What the significance is of valuated sales order stock? There are 2 correct answers to this question. Variances cannot be determined for this production orders Combined quantity and value flow Assembly costs shown without multi-level make-to-production Provides a cost component split for the cost of goods sold. You release a standard price cost estimate for a material. Which field in the material master determines whether the value of the material stock changes? Please choose the correct answer. Price Determination Valuation Type Valuation Class Price Control. How can you set up segment reporting in the New GL? There are 2 correct answers to this question. By defining segment master records in the application. By assigning segments in the master record of the profit center. By assigning segments in the master record of the cost center. By activating the scenario segment reporting in the customizing. Your customer wants to use a consistent stock valuation strategy for products in each company code. What are the restrictions for standard price cost estimates? Please choose the correct answer. They are only released to material cost estimates with quantity structure. They are only released to the material master data. They are only released to those estimates that use iterative calculated activity prices. They are only released to one costing variant per period and company code. Which of the following allows you to calculate additional values for value fields in CO-PA, which are not transferred by the actual source postings? Please choose the correct answer. Value field derivation Costing sheet Substitution Results analysis. What is the advantage of using a key figure scheme in drilldown reports in profitability analysis? Please choose the correct answer. The key figure scheme allows the calculating of lines with subtotals in a drill down report. A key figure scheme allows for simultaneous access to different databases. The key figure scheme allows quick access to predefined key figures in the database. A key figure scheme improves the runtime of the drilldown report. Which of the following statement is not correct? Please choose the correct answer. Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads. We can post both planned as well as actual statistical key figures. The fixed value statistical key figure is posted in the period in which it is entered. We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures. Accounting can be divided into internal and external accounting. Which of the following areas are parts of internal accounting? There are 2 correct answers to this question. Overhead cost controlling Product cost controlling FI Asset management. Which of the following needs to be activated in the New GL to implement profit center accounting for all costs and revenues? There are 2 correct answers to this question. Scenario profit center update Scenario segment reporting Real-time integration CO/FI Document splitting. Which of the following are the benefits of products cost controlling? There are 3 correct answers to this question. Reduction of scrap Support of cost reduction concepts Valuation of materials Support of operative decision-making. What are typical use cases for product cost by period? There are 2 correct answers to this question. Very flexible production environment Customer-specific production Continuous production High volume production. You want to receive internal activities in the material cost estimate by using a routing. How do achieve this? Please choose the correct answer. Assign a cost element with type 43 (internal activity allocation) to the routing operation. Assign a cost center with category "production" to the routing operation. Assign a cost center and its activities to the corresponding work center. Assign a cost center and its activities directly to the routing header. Which of the following is a typical sequence of steps in a purchase-to-pay process? Please choose the correct answer. Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification -> Payment Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts -> Payment Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts -> Payment. You can use different currencies in the Controlling component (CO). Which of the following currencies are valid in Controlling? There are 2 correct answers to this question. Controlling area currency Object currency Exchange rate Currency. How is the preliminary costing of a production order calculated? Please choose the correct answer. The quantity structure in the production order is valuated by the costing variant settings The costs are determined by the cost estimate of a reference order. The actual quantities are valuated with plan values. The standard price cost estimate of the material master record is adjusted to the order quantity. Which of the following is the typical sequence of steps in an ASAP roadmap? Please choose the correct answer. Business blueprint -> Project preparation -> Final preparation -> Realization -> Go-live and support Project preparation -> Final preparation -> Business blueprint -> Realization -> Go-live and support Project preparation -> Business blueprint -> Realization -> Final preparation -> Go-live and support Project preparation -> Realization -> Business blueprint -> Final preparation -> Go-live and support. We are using the plan period indicator to specify the date for which the system should look for a valid material cost estimate in the database, for product cost controlling. We want to use the future standard cost estimate, so which option should be choose? Please choose the correct answer. 0 1 2 3 4. Each billing document creates line items in CO- PA. For which characteristics do you need to create specific derivation rules? There are 2 correct answers to this question. Product group Business area Sales district Ship-to-party. There are two plants in a company code. First plant is the manufacturing plant and another plant is the selling plant. Finished goods are manufactured at the manufacturing plant and transferred to the selling plant. How is standard cost estimate calculated at the selling plant given the fact that the cost at both plants should be same? There are 2 correct answers to this question. The special procurement type needs to be configured which specifies in which plant the system look up for cost. The special procurement type must be entered in the costing view or the MRP view. Define the mixing ratios for the material. All the above. Which of the following are the usage scenarios for Solution Manager? There are 3 correct answers to this question. Implementation Optimization Retirement Operations Validation. You want to save your previous standard cost center hierarchy from 2015 for reporting purposes and create a new one for 2016. Which name is used for the copied hierarchy? Please choose the correct answer. Original name plus system-defined suffix Original name plus user-defined suffix User-defined prefix plus original name System-defined prefix plus original name. Which planning transactions debit receivers with secondary cost elements? There are 2 correct answers to this question. Transfer of depreciations from Asset Accounting Activity input planning Transfer of personnel costs from SAP HCM Plan assessment. You are using period accounting approach in profit center accounting. Which of following statements are correct? There are 2 correct answers to this question. It compares the costs to the corresponding quantity structures of the revenues. It compares the total costs for the period to the total revenues earned during the same period. It takes into consideration all the cost involved including change in stocks. It takes into consideration of cost incurred for the quantity of goods or services sold. Which of the following statement correct with reference to Routing? There are 2 correct answers to this question. The routing consists of only one operation. Production costs are determined through the routing. It is the sequence of production steps All the above. What is Bill of materials used for? Please choose the correct answer. Material requirement planning for procured parts. Production for staging parts. For calculating material costs All the above. What status reports does Cash Management and forecasting include? There are 3 correct answers to this question. Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings. The system does not allow you to create a primary cost element. What do you check first? Please choose the correct answer. Whether the G/L account currency is the same as the controlling area currency Whether the P/L account exists Whether the balance sheet account exists Whether the cost element category is valid. Your New GL customer uses real-time reconciliation of CO and FI. The customer wants to show the value flow of activity allocations between cost centers assigned to different profit centers. What does the customer have to configure? There are 2 correct answers to this question. Execute the periodic transfer to profit center accounting. Define a G/L reconciliation account for direct activity allocation. Select profit center as a characteristic for real time reconciliation between CO and FI. Carry out a reconciliation run for activities types in the new GL. What does the SAP NetWeaver Application Server (SAP NetWeaver AS) provide? Please choose the correct answer. Real-time data exchange with all SAP systems Storage of all transactional documents in one single database J2EE and ABAP in a single environment Master data harmonization across SAP NetWeaver. Which of the following is the process sequence of Subcontracting? Please choose the correct answer. Purchase order → Supply of raw material to subcontractor→ manufacture by subcontractor → Supply of manufactured material → subcontractor’s invoice Purchase Requisition → manufacture by subcontractor -> Supply of manufactured material → subcontractor’s invoice Purchase order → manufacture by subcontractor →Supply of manufactured material → subcontractor’s invoice Purchase order →Supply of manufactured material→ subcontractor’s invoice. We want to use commitment information on an order, so where we have to activate the commitment management? There are 2 correct answers to this question. Controlling Area Charts of accounts Order type General ledger account. To where do you have to assign the costing sheet to enable overhead surcharging for material costing? Please choose the correct answer. The material master The valuation variant The material cost estimates The costing version. Which of the following terms apply to costing-based profitability analysis? There are 2 correct answers to this question Contribution margin Balance sheet statement Segment reporting Cost of sales accounting. Which of the following activities would occur in Phase 3? There are 3 correct answers to this question. Configuring the system Testing the system to ensure that it meets the specified business requirements Developing training materials End user training Defining the project scope. Overhead Cost Controlling component enables you to plan, allocate, control, and monitor overhead costs. Which of the following fall under Overhead Cost Controlling? There are 4 correct answers to this question. Cost Element Accounting Cost Center Accounting Internal Orders Activity Based Costing Plant based Costing. You want to settle an internal order to cost centers, but the system does not allow you to enter a settlement rule. What do you check? Please choose the correct answer. Whether the sender and receiver are assigned to the same profit center Whether the costing sheet is maintained Whether the Statistical Order indicator is set Whether the PA transfer structure of the order is maintained. Report Writer library is a collection of? Please choose the correct answer. Characteristics Basic key figures Key figures Report groups. What are the steps to be taken before we execute an actual costing run? I. Calculate overheads, do a variance calculation and settle the production order. II. Execute actual activity price calculation. III. Execute all the allocation cycles in the cost center accounting module. IV. Revalue all the production orders with the actual activity prices. Please choose the correct answer. IV,II, I, III I,II, IV, III IV,III, II, I III, II, IV, I. When you create an internal order, what is derived from the order type? There are 2 correct answers to this question. Controlling area Settlement rule Settlement profile Model or reference order default entries. A customer needs an error message to be displayed when the internal order budget has been exceeded by 15%. How can the customer achieve this? There are 2 correct answers to this question. By entering the budget profile in the order type. By customizing the tolerance limits for the budget profile. By activating availability control in the controlling area. By entering the budget profile in the order master data. Your customer requires a new Report Painter report that displays information both for costs and statistical key figure quantities. How can you implement this requirement? Please choose the correct answer. Define two rows in the same report section. Define two sections in the report. Define two separate reports and combine them in the library. Define two variants for the report. You are not able to create preliminary cost estimate for the product cost collector. What could be the reason? Please choose the correct answer. You are using controlling level “production version” You are using controlling level “BOM/Routing” You are using controlling level “production Plant/planning plant” None of the above. You have been asked to create a drill down report based on line items. It permits the use of some characteristics. What are they? There are 2 correct answers to this question. Characteristics that are only activated as segment-level characteristics. The time the line item was created. Characteristics in the segment level. The person who created the line item. Direct posting of direct costs, expenses can be done to profitability segments. How are they done? Please choose the correct answer. We have to assign the values to a profitability segments directly in the financial accounting posting transaction. Allowing dual postings to both a profitability segment and cost center. Automatic postings using automatic PA assignment functions. All the above. Which elements can be used in the row and column definition of a Report Painter report? There are 2 correct answers to this question. A combination of characteristics used in the general data selection A combination of a key figure and restricting characteristic values A combination of characteristic values valid for the entire report A combination of characteristic values. Which of the following statements are correct when we use costing run? There are 2 correct answers to this question. Standard cost estimate of a single material in one or all plant Current cost estimate of all materials of a product group. After a costing run we cannot delete it. The administrative data in the costing run can be deleted. What effect does releasing a material cost estimate have on a material with a standard price (S)? There are 2 correct answers to this question Previous material movements are revaluated The moving average price is adjusted A new standard price is set The existing stock is valuated with the new price. What are the organizational entities for which the profit & loss statement and balance sheet can be generated? There are 3 correct answers to this question. Company code and profit center Profit center and business area Company code and cost center Company code and business area. You are using plan revaluation function in CO Planning. Which of this statement is correct? Please choose the correct answer. It can be used to create a new plan based on planned version or actual version. You do not need to manually rekeying the plan. You can maintain different planned version. All the above. All the cost incurred in overhead costs controlling can be transferred to CO-PA. Which of the following statement is correct? Please choose the correct answer. The cost centers and the business processes that are not allocated to inventory can be transferred using periodic assessment. Direct allocation on internal activities for into CO-PA for cost centers and business processes can be done. We can use a PA transfer structure to control the secondary cost elements of activity allocation in the value fields. All the above. You have by mistake the frozen data against reports. What is its implication? There are 2 correct answers to this question. It has deletes the transaction data as well in the standard table It has not deleted the transaction data in the standard table It has deleted the stored frozen data against all the reports. It has deleted the stored frozen data against specific reports. Which of the following statement are correct in context of cost center accounting in an organization? Please choose the correct answer. Determining the cost incurred within an organization Measuring the cost efficiency at various area of organization. Valuate semi finished, finished goods realistically Revenues can be posted directly to cost center. Which prerequisites must be fulfilled before you can assign a company code to an existing controlling area? There are 2 correct answers to this question. The company code must use the same number of special periods as the controlling area. The company code currency must be the same as the controlling area currency. The company code must have the same posting periods as the controlling area. The company code must use the same operating chart of accounts as the controlling area. i. Price update ii. Costing variant iii. Costing date iv. Company code v. Material selection vi. Execution of costing run iv ,ii , iii, v, vi, i v ,ii , iii, iv, vi, i iv ,iii , ii, v, vi, i vi ,ii , iii, iv, v, i. When do we use material costing without quantity structure? There are 2 correct answers to this question. When Bill of Material exist for a material to be costed. When routing exist for a material to be costed. When we are costing for a new material and updating it prices. When the costing is being done using non SAP production planning data. You are using cost by sales order. Which of the following statement correct? Please choose the correct answer. This scenario is used in make-to-stock production Sales order item is a cost object This scenario is only possible for services Work in progress and reserves calculated by variance analysis. Which of the following statement are correct? i) Direct activity allocation deals with the measurement, posting and allocation of an organizational activity. ii) We need to create an activity type to directly allocate activity. iii) More than one cost center can be the sender of an internal activity allocation & the receiver can be any real management accounting object. iv) During direct activity the sender cost center are debited and the receiving cost object are credited. Only i Both i & ii Both i & iii Both ii & iii Both iii & iv. Which of the following Event based postings updates Orders? There are 3 correct answers to this question. General ledger accounts postings Creation of Material Reservations Goods Receipt Good Issue. You want to calculate overhead rates on an internal order. You have already defined the costing sheet. Which of the following assignments must you perform next? Please choose the correct answer. Assign the costing sheet to the valuation variant. Assign the costing sheet in the order type. Assign the costing sheet in the order master data. Assign the costing sheet to the costing variant. Which of the following statement are not correct in reference to real and statistical postings? Please choose the correct answer. Real Postings can be processed & subsequently settled or allocated with other controlling objects. We can only make real postings for a cost center We always make statistical postings to the profit center. The combination of real and statistical postings can be made in management accounting. What is the use of reference and stimulating costing? Please choose the correct answer. It is used to calculate a simulated price without material master It is used to update the prices of the reference material. It is used to create a material costing for simulation. It is used to calculate a price for internal activities. Which of the following statements are correct with reference to Statistical key figures? There are 2 correct answers to this question. Measurable value applicable to cost centers, Profit centers, internal orders or processes. Cannot be used as a tracing factor. Cannot be used for posting plan and actual values. It is defined either as a fixed value or a total value. Which of the following is a typical process sequence for selling products from stock? Please choose the correct answer. Incoming order -> Goods receipt/transport -> Dunning and payment -> Billing Purchase requisition -> Billing -> Transport/goods receipt -> Dunning and payment Incoming order -> Transport/delivery -> Billing -> Dunning and payment Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing. Which of the following order types are internal orders? There are 3 correct answers to this question. Capital investment orders for creating assets. Maintenance orders. Sales orders for make-to-order function CO production orders. By which distribution rules can you settle an internal order to different receivers? There are 3 correct answers to this question. By equivalence numbers. By amounts. By formulas. By statistical key figures. By percentage rates. Which of the following allocation methods in cost center accounting use secondary cost elements? There are 3 correct answers to this question. Activity allocation Periodic reposting Distribution Overhead surcharges Assessment. Which of the flowing statement are correct with reference to assignment of profit centers? There are 2 correct answers to this question. Direct assignment of costs to a profit center is not possible because the profit center is posted as a “shadow object”. The profit center of the customer is posted with outgoing invoices. When materials are withdrawn from stock on cost center, the profit center for the consumption posting is derived from material master record. Revenues can be directly assigned to profit centers through FI. You use real-time reconciliation between Controlling (CO) and Financial Accounting (FI) within New General Ledger Accounting. You therefore want to receive a reconciliation posting in FI when you allocate an internal activity between cost centers assigned to different profit centers. How do you fulfill this requirement? There are 2 correct answers to this question. Select profit center as a characteristic for real-time reconciliation. Define a general ledger reconciliation account for direct activity allocation. Execute the periodic transfer to Profit Center Accounting. Carry out a reconciliation run for activity types in the new general ledger. Which of the following statement are correct? Please choose the correct answer. Cost element category controls FI posting only Cost element is a must for all GL accounts All Profit and Loss general ledger accounts except tax accounts should be cost element. All cost elements are linked to Activity type. Which of the following statements describe profit centers? There are 3 correct answers to this question. Profit centers are the basic organizational units of profitability analysis. Profit centers are usually structured in the hierarchy by region, function, or product. Profit centers represent an area of responsibility for cost and revenues. Profit centers are structured in a standard hierarchy. Profit centers are sub-units of cost centers. Your customer wants to allocate overhead costs to a production order. How do you achieve this? There are 2 correct answers to this question. Use a template Use an assessment cycle Use a costing sheet Use an indirect activity allocation. You are missing the commitment values for internal orders. Where do you have to activate commitment management to get these values? There are 2 correct answers to this question. In the original order budget In the controlling area In CO version 0 In the order type. A manual reposting was done in CO for a cost center in Classical GL accounting. What are the results? There are 2 correct answers to this question. The changes results in automatic posting in FI The posting need to be manually updated in FI The posting cannot be saved The posting has to be manually reconciled via reconciliation ledger with FI . What are the characteristic of co-products? Please choose the correct answer. A co-product is a valuated product that is produced simultaneously with one or more products. We specify it in MRP or costing view of material master We turn on the co-product indicator. All the above. You are using document splitting in the new general ledger, & you had assigned a default profit center whenever an account assignment is missing in the item. What will be the result of this assignment? There are 2 correct answers to this question. The default profit center is derived for each transaction. The default profit center is assigned when the derivation of profit center is not possible during the time of posting the documents. You don’t have to distribute this value at the end of this month. You have to distribute this value at the end of this month. How does the decoupling scenario for production orders in combination with a product cost collector work? Please choose the correct answer. All costs are posted to the production order, which settles to the product cost collector. Costs are posted to the product cost collector and statistically to the production order. Costs are posted to the production order and statistically to the product cost collector. Costs are only posted to the product cost collector and not to the production order. Your organization wants to find out the following: Where is the overhead costs incurred in the organization? How to allocate the overhead costs from different areas to the actual cost causes? Cause based allocation of costs in the form of activities? How the responsibility areas working efficiently? Please choose the correct answer. Cost Center Accounting Cost Element Accounting Profit Center Accounting Overhead Cost controlling. How do you receive the internal activities in the material cost estimate using a logistic quantity structure? Please choose the correct answer. Assign the responsible cost center and its activities directly to the routing header. Assign a cost center and its activities in the work center of the routing operation. Assign a cost element with type 43 (internal activity allocation) to the routing operation. Assign a cost center and its activities to the bill of material. Which of the following data do you specify in the definition of costing-based CO-PA? There are 2 correct answers to this question. Characteristics and value fields Chart of accounts Controlling area Operating concern currency Results analysis methods. Which steps is not part of indirect activity allocation? Please choose the correct answer. Define keys for the automatic periodic allocation of actual activities. Segment and cycles are used to define sender and receiver relationships. The costs are allocated using primary cost element. The cost element assignment is taken from the master data. The assignment of organizational units, company code ,business area or profit center of a cost center can be changed during the financial year only if following criteria is meet: Which of the above statement is not correct? Please choose the correct answer. The currency of new & old company code is same. The planning data has only been posted in the fiscal year. The cost center has not been assigned to a fixed asset, HR master record or work center The transaction data has been posted in the fiscal year. We can increase the accuracy of the management accounting data by using validation and Substitution, which of the following statements are incorrect? Please choose the correct answer. The system checks whether the data entered meets one or more of the conditions defined by user during the time of data entry. We create validation and substitutions for the controlling area and for a particular event. We use validation to carry out validity checks on objects such as cost elements or cost center. Substitution is stronger than validation. The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled. Which of the following conditions must be fulfilled BEFORE you can create primary cost elements? Please choose the correct answer. The controlling area must be defined. The cost center must be defined. The General ledger account must be defined. The plant must be in the system. How can you credit internal orders at period-end closing? There are 2 correct answers to this question. Use periodic reposting. Use overhead surcharging. Use settlement. Use template allocation. There are several master data in CO-PA. This includes Characteristic derivation & valuation. You have been asked to explain the key points of valuation. What are they? There are 2 correct answers to this question. Valuation strategies must be assigned to record types, point of valuation and plan versions when applicable to be activated It is mandatory. It supplements or overwrites certain automatically mapped values. It can contain CO-PA costing sheets, sales order management pricing procedures, product cost calls, and user exit calls, in a sequence that can be customized. What can be sender & receiver in distribution? Please choose the correct answer. Sender– Cost center, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, internal order, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, cost object, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. What does the planner profile in cost center accounting determine? Please choose the correct answer. The available planning layouts. The required planning sequence. The available planning level. The available planning methods (for example, top-down, forecast). Which of the following statement are not correct? Please choose the correct answer. For accrual cost calculation using the percentage method, you need not create an overhead structure For accrual calculation using the target=actual or the plan=actual methods, you must create the corresponding accrual cost elements For accrual cost calculation using the percentage methods we create overhead structure with following keys i) Calculation bases ii) Overhead percentage rates iii) Credit objects. The advantage of percentage method over using a recurring entry in the Financial Accounting component (FI) is that accrual is based on the actual costs posted. Which of the following statements are correct? Please choose the correct answer. Accrued costs have a corresponding expense in financial accounting. Accrual calculation is used to distribute irregular expenses to the relevant periods. Additional costs have a corresponding expenses Valuation difference doesn’t have a corresponding expense . The controlling department requires the production order variances to be settled to profitability analysis. How can you achieve this? There are 2 correct answers to this question. Set the Variances indicator in the settlement profile Assign a PA transfer structure to the settlement profile Set the To Be Settled in Full indicator in the settlement profile. Assign an allocation structure to the settlement profile. Which of the following statements are correct with relevance to product cost planning? Please choose the correct answer. This can only occur with reference to production order Automatic costing is not possible in product cost planning Quantity structure is a must for carrying out product cost planning We can transfer the quantity structure from a remote system. You are using top down distribution function in CO-PA planning. Which of the following statement are not correct? Please choose the correct answer. It can only be used for automatic planning. Distributing data that has been planned at one level in CO-PA, to the additional level based on some reference data. Reference data by period or reference data aggregated across the periods. Distribute the data from a higher planning level to lower levels. You have activated the Profit Center Update scenario with real-time integration in New General Ledger Accounting. You now make a direct financial posting to a controlling object. Where is the profit center information stored? Please choose the correct answer In a separate Profit Center Accounting document In a reconciliation ledger document In a separate field in the new general ledger document In a separate new general ledger document. Which of the following organizational unit assignments is correct? Please choose the correct answer. Plant → Company code → Operating concern → Controlling Area Company code → Plant → Controlling Area → Operating concern Plant → Company code → Controlling Area → Operating concern Company code → Plant → Operating concern → Controlling Area. You carry out a variance calculation on production orders at period-end closing. What reasons could there be for the price variances? There are 2 correct answers to this question. The activity types were consumed from different cost centers. The valuation variants of the standard cost estimates and the production orders are different. The consumed materials are defined as moving average price (V). The consumed materials have multiple production variants. What information is transferred to costing-based profitability analysis when you settle an internal order? Please choose the correct answer. Characteristic values of the settlement rule Variance categories of the internal order Changes to the internal order master data Work in process for the internal order. When do we use multi level unit costing? Please choose the correct answer. When we are creating new material masters or cost estimates for new materials. When we want to cost a new material that is similar to an existing one. When we want to make changes to an existing products All the above. Which of the following statement is correct with reference to co-product in SAP? Please choose the correct answer. The co-products indicator is selected in material master record’s accounting & plant data view The cost for co-products is calculated using cost apportionment structure The co-products has bill of material like any other product Co-product increases the cost of main product. What are the uses of customizing monitors? Please choose the correct answer. To display the organization structures Overview of the objects in which a characteristic or value field is used in CO-PA customizing. Report overview with use of particular characteristics. All the above. What is used to monitor & allocate overhead costs in an organization? Please choose the correct answer. Profitability Analysis Product Cost Controlling Cost Center Accounting Cost Element Accounting. What can you achieve by using a key figure scheme in drilldown reports in profitability analysis? Please choose the correct answer. You can calculate lines with subtotals in a drilldown report. You can access several databases simultaneously. You can improve the runtime of the drilldown report. You can create summarization levels with predefined key figures. Which data can be saved when storing a material cost estimate with quantity structure? There are 3 correct answers to this question. Log Cost components split Extract Itemization Variance categories. The Planning process of distributing data, which has been planned at one level in CO-PA to the additional levels, based on some reference data. Which of the following represents this type of planning? Please choose the correct answer. Top down distribution. Forecasting. Integrated data distribution. Bottom up planning. Cost elements classify an organization’s valuated consumption of production factors within a controlling area. A cost element corresponds to a cost-relevant item in the chart of accounts. Which of the following are types of cost elements? What do you recommend? There are 3 correct answers to this question. Primary cost elements Revenue cost elements Secondary cost elements Personnel cost elements. Scenario Profit Center Update with real time integration is activated in the New GL. How is the profit center information stored in financial postings to a CO object? Please choose the correct answer. In a separate profit center accounting document. In a separate field in the New GL document. In a reconciliation ledger document. In a separate New GL document. What is the difference between distribution and assessments? There are 2 correct answers to this question. Distribution can be made for both planned and actual figures; assessments cannot. Distributions can be made using statistical key figures; assessments cannot. Distributions are used when the original cost information is necessary on the receiver; assessments are used when this information is not necessary on the receiver. Distributions are made using the original primary cost elements; assessments are made using secondary cost elements. Which of the following statement is correct with reference to By-product in SAP? Please choose the correct answer. The By-products is mention in bill of material as positive quantity The cost for By-products is the net realizable value The By-products has bill of material like any other product By-product increases the cost of main product. Which of the following statement is true in reference to Financial & Management Accounting? Please choose the correct answer. Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government & tax authorities. Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization. Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management. Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business. What are the methods of planning with reference to profit center planning? Please choose the correct answer. Copying existing plan or actual data to plan data. Posting plan data by plan data or simultaneously by transaction from other application Manual planning of profit center Distribution and assessment of data between profit centers. All the above. What selection criteria can be used to copy actuals to a target planning version? There are 3 correct answers to this question. Cost centers Cost elements Fiscal year Actual version Period. A customer allocates a variety of cost elements from many cost centers to others by distribution cycles. The customer complains about the long duration and runtime. What do you recommend to shorten the runtime? There are 2 correct answers to this question. Use cycle run groups for parallel processing. Use iteration within the cycles. Use assessment instead of distribution. Use an allocation structure within the distribution cycles. Periodic reposting.... There are 2 correct answers to this question. Allocate the cost to corresponding management accounting object We can post primary as well as secondary costs The original cost element remains the same during the periodic reposting. Periodic repostings cannot be reversed. You post a document to Financial Accounting with assignment to a cost center. The General Ledger view of the posted document does NOT contain the profit center. What do you need to check to resolve the issue? There are 2 correct answers to this question. Assignment of profit center update scenario to leading ledger Availability of profit center field in table FAGLFLEXT Activation of classic Profit Center Accounting (EC-PCA) Profit center assignment in cost center master data. The differences between Summarization vs. saving reports is as below, which statement is not correct? Please choose the correct answer. Navigation in hierarchies possible in summarization while no navigation in hierarchies is possible in saving. Navigation in reports not possible in summarization while navigation in reports is possible in saving reports. In summarization different reports from same area’s data, while data save according to specific report in saving reports. Quick ad hoc reports in summarization while specific report in saving reports. With reference to the controlling module (CO), which of the following statements are true? There are 3 correct answers to this question. Controlling provides information for management decision-making Controlling (CO) and Financial Accounting (FI) are independent components in the SAP system One of the main task of Controlling is planning. Controlling can be implemented completely independently of FI. Why is preliminary costing used for product cost collector? There are 3 correct answers to this question. To determine the activity quantity to be confirmed in repetitive manufacturing To valuate work in progress To calculate actual costs on the basis of preliminary cost to valuate the production and scrap variances Costing lot size, BOM and routing of production process used to arrive at preliminary costing. You want to calculate additional values for the value fields in costing-based profitability analysis that are not transferred by actual source postings. Which function do you use? Please choose the correct answer. Value field derivation Top-down distribution Valuation Characteristic derivation. What do you valuate in the inventory cost estimate? Please choose the correct answer. Current quantity structure with the tax-based prices and the commercial prices Current quantity structure with the planned prices Planned quantity structure with the planned prices Current quantity structure with the current prices. What are the typical sequences for planning activities? i. Plan cost automatically ii. Plan primary cost manually iii. Period lock iv. Plan activity outputs and prices v. Plan statistical key figures Please choose the correct answer. v, iii , iv, ii ,I i, iii , iv, ii , v iii, v, , iv, ii ,I v, iv , ii , i, iii ,. What are the costing results of the material cost estimates? Please choose the correct answer. Itemization Costed Multilevel Cost component split All the above. How can you use resource related billing for sales order items? Please choose the correct answer. Assign production orders with BOMs and routings. Use a Requirement class with an indicator set for resource related billing. Use Easy Cost Planning and Execution Services. Assign Dynamic Item Processor (DIP) profiles. An extract has been created for a report. Now after that the posting was made in cost center. Now the extract was executed again. What is the output of the report & does it reflect the new posting made? Please choose the correct answer. The report shows the same output as the before without any changes The report shows the new value which includes the posting done The report shows nothing None of above. Which of the following is the sequence of step in sales process? Please choose the correct answer. Quotation→Delivery→Sales order→Payment→Billing Quotation→Sales order→Delivery→Payment→Billing Quotation→Sales order→Delivery→Billing→payment Billing→Delivery→Quotation→Payment→sales order. You have been asked to explain the benefits for using the product cost by period. What are they? There are 2 correct answers to this question. It is used when the production volume is low & discrete Lot based controlling is needed Costs are collected on product cost collectors For period-end closing, work in progress is calculated in target costs and variances simultaneously. For which record types can you set up a valuation in costing-based profitability analysis? There are 2 correct answers to this question. B – Direct posting from Financial Accounting F – Billing data K – Cost center assessment X – Activity allocation. You want to enter items in a reference and simulation cost estimate manually. Which item categories can you use? There are 3 correct answers to this question. I - Sales order item M - Material E - Internal activity K - Cost center B - Base planning object. When do you calculate variances for a production order with order controlling? Please choose the correct answer. At the end of each period, independent of the order status. After the final delivery of the production order. After the first partial delivery of the production order. After the final confirmation for the last operation. In which lifecycle scenarios can you use SAP Solution Manager? There are 3 correct answers to this question? Scoping Implementation Retirement Optimization Operations. Which methods are used to derive characteristics in profitability analysis? There are 3 correct answers to this question? PA transfer structure Derivation rule Substitution Table lookup Customer enhancement. In which master record can you enter a profit center directly? There are 3 correct answers to this question. Material master Activity type Cost element Cost center Internal order. What do you define when you set up an operating concern for costing-based profitability analysis? There are 3 correct answers to this question. Functional area Characteristics Value fields Chart of accounts Operating concern currency. A customer is missing the values for commitments for internal orders. Where does the customer have to activate Commitment Management to get these values? There are 2 correct answers to this question. In the controlling area. In the order type. In CO version 0 In the original order budget. The material valuation for a material is ‘V” i.e. moving average price. The opening stock for the material is 100 Kg and the material value is $ 1000, there has been a subsequent receipt of 50 kg of material at $15 per kg. Subsequently 120 kg material is issued for production. The supplier sends the invoice of 50kg supplier at $20 per kg. What will be the effect on entry for the said invoice finance? Please choose the correct answer. The price difference of $5 per kg will be posted in material account The price difference of $5 per kg will be posted in price difference general ledger account The price difference of $5 per kg will be posted in material account for the quantity in stock lying in inventory & the rest will be posted in price difference general ledger account No posting will be passed to the material account. Which of the following is correct with relation to document splitting? Please choose the correct answer. You have to activate Inheritance mandatorily if you are using document splitting Document splitting is activated for all company code in a client & cannot be deactivated The default account assignment can be used to replace all account assignments which cannot be derived All the above. You have set zero balance indicator, as a characteristic for new general accounting. What are its features? Please choose the correct answer. It cannot be used in conjugation with document splitting characteristics Let you create balance sheet for the characteristic it doesn’t let you create balance sheet for the characteristic It’s a mandatory configuration. A customer wants to define some fields as mandatory in an internal order. How can the customer achieve this? Please choose the correct answer. By adjusting the field selection in the order type. By defining an appropriate selection variant. By indicating the fields as mandatory in the model order. By adjusting the field status variant. When do we use additive costing? Please choose the correct answer. When transferring the cost estimates from non-SAP ERP. When we want to add know costs to the material cost estimate with quantity structure that are not contained in the quantity structure. When we can include manual costs for each material price or use only manual costs. All the above. Which of the following can you assign in the profitability analysis transfer structure? Please choose the correct answer. Distribution rules to cost elements Master data to characteristics Cost elements to value fields Source cost elements to allocation cost elements. You are using drill down reporting to evaluate data in Profitability analysis and you have defined an exception for an entire column, which of the following functionality is available in the drill down report? There are 2 correct answers to this question. The exception can be applied to entire list of the report. The exception can be defined on a drill-down list. The exception consists of two threshold values. The exception is not visible if we drill down to next level. Which of the following do you define in the general data selection of a Report Painter report? Please choose the correct answer. Parameters valid for all rows and columns. Parameters for the report to report interface. Default values for the definition of rows and columns. User, date, and time of report creation. A customer wants to add overhead cost to a material cost estimate with quantity structure, without changing the BOM and routing. Which options does the customer have? There are 2 correct answers to this question. Overhead surcharges Easy cost planning Cost element planning Template allocation. Which of the following is the sequence in make-to-order production? Please choose the correct answer. Sales order→finished product→Semi finished product -→raw material Sales order→semi-finished product→Raw material -→finished product Raw material→Semi finished product→finished product -→Sales order Raw material→semi finished product→Sales order -→Finished product. What must you define to enable the calculation of work in process (WIP) for production orders? There are 3 correct answers to this question. Results analysis key Valuation method Valuation variant Overhead key Results analysis versions. What are the purposes to have multiple costing variants for a material? Please choose the correct answer. Valuation of the planned quantity structure with planned prices. Valuation of current quantity structure with planned prices. Valuation of current quantity structure with current prices. Valuation of actual quantity structure with tax-based and commercial prices All the above. Which of the following are not part of management accounting? Please choose the correct answer. General Ledger ( G/L Accounts) Charts of Accounts Cost Center Internal Order. Which of the following objects can be assigned to asset master record? There are more than one correct answers to this question. Profit center Cost center Internal order WBS element Profitability segment. A customer wants to allocate overhead costs to a production order. How can the customer achieve that? There are 3 correct answers to this question. Use routings and work centers. Define an assessment cycle. Use a template. Use a costing sheet. Use indirect activity allocation. Where do you have to activate Commitments Management to enable postings of commitments on cost centers? Please choose the correct answer. In the cost element master record In the standard hierarchy In the controlling area In the cost center master record. What are the period end closing activities for sales order without production i.e. service? There are 2 correct answers to this question. Result analysis to calculate the costs and revenues of the cost object The revenues and costs of the sales are settled to financial accounting and profit center accounting Stocks and reserves are settled to profitability Create a debit memo based on CO line items. Document splitting allows you to display documents using a differentiated representation. In the representation, line items are split according to selected dimensions. In this way, you can draw up complete financial statements for the selected dimensions at any time. Which of the following functions are part of document splitting? There are 2 correct answers to this question. Active document splitting: Splitting a document Passive document splitting: Clearing and similar processes Statistical document splitting: Reporting processes. It defines characteristics that can be used by reports contained in a group. You are creating a customer-specific drilldown report for new general ledger accounting, which of the following elements are required? There are 2 correct answers to this question. A report header Characteristics A form Variables. Which of the following statement are correct with reference to BOM item? Please choose the correct answer. If fixed quantity indicator is not checked the quantity entered is dependent on the lot size. If relevance to costing indicator is checked the system included the BOM items in the material cost estimate. Bulk materials are relevant to costing. All the above. Which of the following organizational assignments can be stored in the internal order master? There are 3 correct answers to this question. Segment Profit Center Storage Location Business Area Plant. You have created a production order with order quantity for 500kgs. During the month 200kgs of goods has been produced. What will be the system treatment at month end? Please choose the correct answer. The system calculates variance for the quantity which has been produced The system calculates work in progress for 300kgs remaining in the production order The system calculates work in progress for 500kgs The system does not calculate work in progress for the production order. You want to define some fields as mandatory in an internal order. How can you achieve this? Please choose the correct answer. Adjust the field status variant in the order layout. Adjust the field selection in the order type. Define the fields as mandatory in the model order. Define a user status in the status profile. You are using plan revaluation function in CO Planning. Which of this statement is correct? Please choose the correct answer. It can be used to create a new plan based on planned version or actual version. You do not need to manually rekeying the plan. You can maintain different planned version. All the above. You want to add overhead costs to a material cost estimate with quantity structure without changing the bill of material (BOM) and routing. Which options do you have? There are 2 correct answers to this question. Template allocation Overhead surcharges Cost element planning Easy Cost Planning. Which of the following statements correct with reference to product cost collector? There are 2 correct answers to this question. It is a cost object for collecting production costs for manufactured product Costing by lot size is required for product cost collector All the costs for a material during the month is debited to a single product cost collector Product cost collector is a single order created for a material. Which of the following statements are FALSE. There are 4 correct answers to this question. Only Project Managers can use SAP Solution Manager Scoping is based on components rather than processes Test cases cannot be reused Documentation in SAP Solution Manager is limited to the documentation types delivered by SAP Accelerators are found in the Knowledge Warehouse in SAP Solution Manager in the form of templates. Your customer wants an error message to be displayed when the internal order budget has been exceeded by 15%. How can you achieve this? There are 2 correct answers to this question? Enter the budget profile in the order type Customize the usage of budget categories in the budget profile Customize the tolerance limits for the budget profile Enter the budget profile in the order master data. Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? There are 2 correct answers to this question. The posting period has been closed. Materials have been withdrawn. Personnel costs have been incurred. Overhead has been incurred. An order was closed. Why is preliminary cost estimate required? Please choose the correct answer. To valuate work in progress To calculate production variances in variance calculation. To valuate the unplanned scrap in variance calculation. To confirm the actual activity quantities. All the above. The status of production is PDLV. How the Work in progress going to be calculated? Please choose the correct answer. The work in progress is the actual cost to date The work in progress is the difference between actual costs and the value of good receipt The system does not calculate the work in progress The system calculates the variances. Which sequence of organizational units describes the organizational structure from the top down? Please choose the correct answer. Operating concern ->Controlling area ->Company code ->Plant ->Storage location Company code -> Operating concern -> Controlling area -> Plant -> Storage location Operating concern -> Controlling area -> Company code -> Storage location -> Plant Controlling area ->Operating concern ->Company code ->Plant ->Storage location. Which Organizational unit provides an environment for analyzing market profitability? Please choose the correct answer. Operating concern, Controlling area, Company code, Business Area. Which of the following characteristics can you use to navigate in a CO-PA drilldown report? Please choose the correct answer. Characteristics assigned to SAP NetWeaver Business Warehouse (SAP NetWeaver BW) Characteristics of the operating concern Characteristics in the field catalog Characteristics assigned to a reporting library. What should you do if you want to carry forward unused funds for an order which has commitment & budget to fiscal year? Please choose the correct answer. Change the status of order as closed & create a new order in the next fiscal year. Carry forward the commitment against the order, the budget will automatically be carried forward Carry forward the budget against the order, the commitment will automatically be carried forward Carry forward the commitment first against the order, and then carry forward the budget. Your company has implemented SAP & you are using CO-PA Planning. Now you have been asked to brief the features of CO-PA planning. What are they? Please choose the correct answer. The ability to copy actual values to a plan value. The ability to copy values from one plan version to another plan version. Top-down distribution to spread a plan to lower characteristics level based on past history. The ability to transfer plan data to sales and operation planning or do additional integrated planning. All the above. Which of the following are characteristics of Master Data? There are 2 correct answers to this question. Is typically assigned to organizational levels. Must be assigned on client level. Is used long-term for multiple business processes. Cannot be changed after creation. Is a template for transactional data. What are the steps involved before we run a cost estimate for a split valuated material? There are 2 correct answers to this question. Create procurement alternatives based on material type. Create procurement alternatives based on valuation type for material. Maintain mixing ratios for the procurement alternatives. All the above. Expenses in Finance which are relevant to cost accounting are recorded in controlling using Please choose the correct answer. Primary expenses elements Secondary expenses elements Primary cost elements Secondary cost elements. The settlement type PER has been used to settle overhead order. What does PER means? Please choose the correct answer. It settles all the cost right up until the settlement period. It settles only the cost for the period specified. It settles the cost based on the percentage specified. None of the above. Manual cost allocation Please choose the correct answer. Allows posting of primary & secondary costs manually Cannot be used for all cost element categories. Can only be used for actual data only Creates a separate credit record in written to the sender. Which step in the sales-from-stock process creates the cost of goods sold in account-based profitability analysis (CO-PA)? Please choose the correct answer. Creation of the sales order Billing Confirmation of goods receipt from the customer Outbound delivery with goods issue. Which of the following functions can you use on statistical internal orders? There are 2 correct answers to this question. Overhead surcharges Settlement Budget and availability control Cost planning. Which of the following statement not correct with reference to revaluation? Please choose the correct answer. We can increase or decrease planning data on a percentage basis. We can revaluate cost and amounts. We can revaluate all cost elements used in the primary cost element and revenue planning. We can revaluate assessment cost center, imputed cost elements and cost elements used in indirect activity allocation. Which of the following is an application of reference and simulation costing? Please choose the correct answer. To calculate a simulated product without material master. To update the standard price of a reference material. To create a material costing for simulation purposes. To calculate a price for an internal activity. A certain cost element has conflicting cost center assignments in the Default Account Assignment field (cost element master data) and in the Automatic Account Assignment table (IMG). What happens when a document is posted with this cost element? Please choose the correct answer. The Automatic Account Assignment (IMG) has a higher priority. An error message is displayed. The system prompts you in a dialog box. The Default Account Assignment (cost element master data) has a higher priority. You have been asked to explain the assignment of profit center to a sales order item. Which of this is not correct? Please choose the correct answer. The profit center is taken from the customer master record The profit center is derived from the material master The profit center can be manually assigned for sales order The profit center can be set with a substitution based on different fields like business area, plant, storage location, sales area, sales group etc. You would like to use product cost controlling by sales orders in a make-to-order (MTO) production with sales order stock. How should you configure the system? Please choose the correct answer. Account assignment category: E Special stock: E Account assignment category: M Special stock: E Consumption posting indicator: Blank Special stock: E Consumption posting indicator: E Special stock: Blank. The difference between Planning vs. Budgeting is as below, which statement is not correct? Please choose the correct answer. Planning is cost oriented whereas budgeting is funds oriented. The planning change easily where as budgeting is a binding value and new line item created for each changes. Planning is based on approved funds whereas budgeting is based on funds requested. Unutilized budget can be carried forward in subsequent fiscal year but no such function is available in planning. Which of the following statement are correct with reference to Standard price? Please choose the correct answer. All stock posting takes place at moving average price. Price fluctuations credit/debit the cost objects. Price difference cannot be subsequently adjusted to the ending inventories or the consumed products. Where the price varies from the standard price, the differences are posted to material account. How does cost and revenues flows to the profit center? Please choose the correct answer. The cost center master have profit center assigned to it so the entry to cost center flows to profit center The material master have profit center defined in their masters The orders like sales order, production order, maintenance orders have either manual assignment of profit center or based on some rule/ logic directly or otherwise. All the above. Which of the following statement are correct regarding internal orders? Please choose the correct answer Once an order has been released, only closing entries can be made. Transactions can be allowed or disallowed depending in the order status. Additional order status categories can be created in the order master. Planning transactions are allowed under any status. For which of the following postings to costing-based profitability analysis can you carry out a valuation? There are 2 correct answers to this question. For transfer cost center cost by assessment. For transfer of billing documents. For incoming sales orders. For activity allocation. Why should you use extracts in Report Painter reports? Please choose the correct answer. To reduce runtime. For automatic data aggregation. To reduce use of space in the database. For automatic updates when new postings are added. You need to allocate various expenses booked to a cost center to profit center via assessment. Which of the following statements are correct? Please choose the correct answer. You can use secondary cost elements as assessment account. You can able to trace the original account from the receiving object You cannot use secondary cost elements as assessment account. None of the above. Your company is implementing SAP & Chosen Profit Center Accounting. The Transaction of PCA can be stored in several currencies. Which of the following are not correct? Please choose the correct answer. Local Currency. Special Profit center accounting currency. Transaction currency Operating concern currency. Excluding the Continuous improvement phase, how many phases are there in the Accelerated SAP roadmap? Please choose the correct answer. 4 3 5 6. During market segment planning and sales and profit planning, we can create budgets for sales support measures. How are this data passed on to CO-PA? Please choose the correct answer. The condition record is created as a part of sales agreement. The sales order is created. The billing document is created. All the above. Which costing items are valid for a simulation costing? There are 3 correct answers to this question. K - Cost center T - Text item E - Internal activity M - Material S - Sales order item. While you were mapping the customers to specific region in CO-PA you have by mistake mapped the customer to a different region. Now you want to correct this entry as well as the historical transaction of the same. How do you do that efficiently? Please choose the correct answer. Use of realignment function Use of derivation function Reverse all the transaction & repost it with correct assignment. All the above. The function of drilldown reports are divided into 3 levels, so that each user can be given a functionality which he or she requires. Now you have been asked to assign a user the basic functionality of drill down report & able to send the same to other user via SAPmail. Which version will be assigned to him? Please choose the correct answer. Report level = 0 Report level = 1 Report level = 2 Report level = 3. If you have created time dependent Master data in management accounting, which of the following statement is correct? There are 2 correct answers to this question. We have made actual posting in master data in the current fiscal year, now we can reduce the time dependency of master data. When we change the master data fields for a particular timeframe, the system creates a new master record containing the new master record for this period. The cost center assignment to the standard hierarchy area is time dependent field. We can extend the validity period of a master data record. For what purpose can you use a statistical internal order? There are 2 correct answers to this question. Overhead surcharges. Settlement. Budget and availability control. Cost planning. What is the prerequisite for sales order controlling? Please choose the correct answer. The sales order item must have a cost object assigned by a requirement class. The cost object of the sales order item must be created manually in the sales order. A product cost collector must be assigned to the sales order item. A valuated customer order special stock must be assigned to the sales order item. The customer requires a new Report Painter report displaying cost information and statistical key figures in one report. Please choose the correct answer. By defining two separate reports and combining them. By defining two sections in the report. By defining two variants for the report. By defining additional rows in the report. What are the impacts on an S price controlled material when releasing a material cost estimate? There are 2 correct answers to this question. Previous material movements are revaluated. Existing stock is valuated with the new price. Moving average price is adjusted. New standard price is set. Controlling makes use of two different types of controlling objects, True Controlling Objects & Statistical Controlling Objects. Which of the following are Statistical Controlling Objects? There are 3 correct answers to this question. Cost Centers (for account assignment of revenues) Profit Centers Projects Statistical internal Orders. A customer asks you to explain the category price variances received on production orders. What could be the reason for price variances? There are 2 correct answers to this question. The activity types were consumed from different cost centers. The master data of the consumed materials is V price indicated. The valuation variants of the cost estimate and the production order are different. The respective routing has changed. What are the period end closing activities in controlling? Please choose the correct answer. Repost CO documents that was incorrectly posted Run distribution or assessment cycles Run the overhead calculation, WIP calculation, variance calculation in product costing Run the settlement calculation in product costing which will post all the WIP and variances to finance and PA. Run settlement of sales order to PA All the above. Some object types can support many different object classes and other can support just one. Which of the following assignment defined is not correct. Please choose the correct answer. Cost center will always be associated with Overhead costs – OCOST. Cost object will always be associated with Production – PRODT. Reconciliation object will always be associated with Profit and Sales – PROFT. Sales document will always be associated with Investments – INVST. How can you achieve periodic controlling when a lot size based production scenario is used by logistics? There are 2 correct answers to this question. Adjust the default rule in the default values for the production order type. Use an internal order in addition to the production order. Use a product cost collector in addition to the production order. Adjust the costing type of the plan costing variant. The features of Costing variant are detailed below, which of the following are not correct? Please choose the correct answer. The prices with which the material, activities, processes are valued. The price updates permitted or not. The validity dates for the costing. Proposes the lot size for the material. PA transfer structure is used in settlement, allocations, direct postings in Management accounting. You have been asked to explain the features of it. What are they? There are 3 correct answers to this question. It contains the assignment of cost and revenue to value fields in costing-based PA. It can contain fixed number of "assignment lines". The assignment must be unique. It must be complete. Which of the following organizational units are maintained in Management Accounting? There are 2 correct answers to this question. Controlling area Operating concern Company code Business area Functional area. How can you allocate the entire over/under absorption of a cost center to profitability analysis? Please choose the correct answer. Use template allocation Use periodic reposting Use distribution Use assessment. To which organizational level do you have to assign the valuation area to create material costings? Please choose the correct answer. Controlling area Company code Business area Plant. Which postings can be triggered by the settlement of a production order? There are 3 correct answers to this question. Variance categories to profit centers. Work in Process (WIP) to FI. Variance categories to profitability analysis. Balance of the production order to FI. Work in Process (WIP) to profitability analysis. Which of the following assignments between company codes and controlling areas are valid? There are 2 correct answers to this question. Multiple company codes to one controlling area (n:1) One company code to multiple controlling areas (1:n) One company code to one controlling area (1:1) Multiple company codes to multiple controlling areas (n:n). You want to implement Profit Center Accounting in New General Ledger Accounting. Which settings are mandatory? There are 2 correct answers to this question. Segment Reporting scenario Functional area activation Profit Center Update scenario Real-time integration between Controlling (CO) and Financial Accounting (FI). You can plan business allocations on your internal order and update the sender cost center automatically. However, when you try to do this in the system, the planned values are not updated on your cost center. What should you check to solve this problem? Please choose the correct answer. The integrated planning indicator in the planning version The order master The integrated planning with cost centers/business processes indicator in the planning version The order category The integrated planning indicator in the planning version The order type The integrated planning with cost centers/business processes indicator in the planning version The order master. What do cost center categories allow you to do? There are 2 correct answers to this question. Determine the use of cost centers in cost allocations. Provide default values for new cost centers (for example, block indicators). Restrict cost center planning to specific cost elements. Restrict the assignment of specific activity types. Determine the usage of cost centers for certain methods of activity allocation. The data flows from sales order management to CO-PA. When data are transferred to account- based controlling profitability analysis, it provides the following features: There are 2 correct answers to this question. Data transferred as soon as it is created It can be always reconciled with FI Transferred to cost and revenue elements Short term up-to-date data. The customer requires a flexible selection of cost elements when starting a Report Painter report. How do you define the report? Please choose the correct answer. Using a row model with predefined key figures. Using a variable for the cost element group. Using a predefined report template. Using a variable for the report variant. You are creating an FI posting in classic GL with assignment to a CO object? Please choose the correct answer. The posting cannot be saved. The posting will be assigned to the dummy profit center. The posting will only be posted to the original assigned CO object. The posting will be assigned to the top node of the profit center standard hierarchy. While working with account assignments, you need to follow certain rules. Which of the following rules need to be followed? There are 2 correct answers to this question. You need to specify a true Controlling object in each posting item. In each posting item, you can specify up to four statistical Controlling Objects in addition to the true Controlling Object. The same Controlling Object can be specified as True and statistical in the same posting item. You can make true revenue posting to a real estate object. You are using Costing based Profitability Analysis. Which of the following statements are correct? There are 2 correct answers to this question. The posting in CO-PA is updated when the billing document is posted. Cost of goods sold (COGS) is updated in CO-PA at the time of delivery. In costing based CO-PA, Value and quantities are stored in value fields. It is possible to review and post information at the time the sales order in created in the costing based Profitability analysis. What is the purpose of material ledger? Please choose the correct answer. The requirement of track the inventories values in more than one currency in SAP ERP. Multi level price determination can calculate the variances that flowed to the higher levels of production process. Material ledger can be used to revaluate products or raw materials based on actual prices during the period-end closing. All the above. What are the prerequisites to calculate overhead costs on an internal order? There are 2 correct answers to this question. Define a costing sheet. Assign the costing sheet in the order master data. Define an overhead key. Assign the costing sheet to the costing variant. Your customer requires a flexible selection of cost elements when starting a Report Painter report. How can you achieve this? Please choose the correct answer. Use a flexible report variant. Use a row model with predefined key figures. Use a variable for the cost element group. Use a predefined report template. The above entries were made for purchase of services in finance, but when we call up a balance sheet and profit & loss statement, the system display the amount of 50 Euro on the activities purchase account, but no entry for business area, a functional area, a profit center is displayed. What is the reason? Please choose the correct answer. The assignment of scenarios, to General ledger is missing The assignment of scenarios, to Controlling area is missing The assignment of scenarios, to Company code is missing The assignment of scenarios, to Business area is missing. The production order uses the product cost by period. Which of the following statements are not correct? Please choose the correct answer. Work in progress in calculated at target cost Cost object hierarchy is not possible Settlement must be performed by period Variances are calculated by the amount lying after deducting of value for material already confirmed, WIP from the actual cost. How are the production cost derived? Please choose the correct answer. Combining data from production planning with cost center Accounting/ Activity-based costing. The routing describes the quantity of an activity and the location of the operations. The work center describes where an operation is performed. It is linked to a cost center to valuate the activities. All the above. For which purpose can you use the result of a reference and simulation cost estimate? Please choose the correct answer. To update the standard price of a reference material To calculate the planned cost of a production order To update a price for an activity type used in a routing To calculate the cost of a prototype product without a material master. Which of the following statements are correct? Please choose the correct answer Cost center can be defaulted in all FI line items in all GL accounts Internal order can be defaulted in all FI line items in all GL accounts Cost center can be defaulted in GL accounts provided it is assigned to company code. Cost center is linked to company code as Chart of accounts is linked to the same company code. What is a report group in Report Painter required for? Please choose the correct answer. To assign further reports via the report/report interface. To add a report as a sub folder in the Easy Access Menu. To run reports in costing based profitability analysis. To serve as a template for the creation of new Report Painter reports. A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL? Please choose the correct answer. By activating plan integration for profit centers. By activating the real-time reconciliation between CO and FI. By activating document split for cost centers in New GL. By defining and execute the equivalent cycles in the New GL. A customer wants to allocate internal and external costs, based on statistical key figure values, to the receivers. Which method do you choose? Please choose the correct answer. Settlement Distribution Assessment Overhead calculation. SAP provides scenarios which have to be assigned to general ledger accounting. How many scenarios are provided by SAP? Please choose the correct answer. 6 10 1 12. Which of the following are the functions of drilldown reporting? Please choose the correct answer. Navigate to characteristic with drag and drop All the above Navigate to detail list Display several output area one screen. You have just run and posted the results of an assessment cycle. Some of the receivers were incorrectly debited. How can you correct this? Please choose the correct answer. Cancel the allocation with the original settings before you correct the receiver entries and rerun the cycle. Correct the receiver entries and rerun the cycle. Post a manual cost allocation with the same assessment cost element. Correct the receiver entries and rerun the cycle with a different cycle run group to post only the corrected results to the first run. In variance calculation we are using actual costs as the control costs and planned costs as the target costs. Which target cost version we are using? Please choose the correct answer. Target cost version 1–production variance Target cost version 2–planning variance Target cost version 0–total variance Target cost version 3–production variance of the period. Which of the following is the last step of period-end closing in cost object controlling? Please choose the correct answer. Results analysis Settlement Work in progress Template allocation . Your customer wants to see a P&L statement for profit centers by the cost-of-sales-accounting approach. Which of the following is the minimum requirement? Please choose the correct answer. Activate profitability analysis. Activate the scenario functional area in New GL. Enter the functional area in the profit center master. Create a derivation rule for the functional area. How is Work in Process (WIP) calculated on a product cost collector? Please choose the correct answer. Based on the standard cost estimate, independent of the valuation variant settings. Based on the target cost, depending on the order type settings. Based on actual cost, depending on the order status. Based on target cost, depending on the valuation variant settings. You have created a purchase order for the material P – 109. The default profit center for the material is 1111. The purchase order has account assignment to cost center K – 109 & the profit center for cost center is 2222. What profit center is proposed during the time of good receipt? Please choose the correct answer. Profit center is 1111 No good receipt is possible No profit center is proposed Profit center is 2222. When an overhead order is created, the settlement rule has must be entered in the control data. Which settlement receivers are not available for internal order? Please choose the correct answer. Customer Cost center Order Asset. When do we use Easy cost planning? Please choose the correct answer. It is used for internal service requests Create cost estimates in project systems for work breakdown elements. Appropriation requests in investment management. Ad hoc cost estimates in product cost planning. All the above. A customer wants to settle an internal order to cost centers, but receives an error message. What do you check? Please choose the correct answer. The sender and receiver to be assigned to the same profit center. The system and the user status. The PA transfer structure of the order. The costing sheet. Which of the statements are correct with reference to overhead costs? There are 2 correct answers to this question. The method to allocate direct costs to the cost estimates. The rules to apply overhead are summarized in the overhead costing sheets. We apply a percentage or quantity-based fixed amount to a specified cost base. To determine overheads, we use the indirect costs that were posted to the order. Which of the following statement not correct with reference to overhead costing sheets? Please choose the correct answer. It allows to differentiate overhead cost rates or amounts by company code. It allows to differentiate overhead cost rates or amounts by plant. It allows to differentiate overhead cost rates or amounts by material origin. It allows to differentiate overhead cost rates or amounts by profit center.

Report abuse