Which process can you use to credit internal orders during period-end closing?
Please choose the correct answer. Assessment Distribution Indirect activity allocation Periodic reposting.
A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit? Please choose the correct answer. Client Plant Controlling area Operating concern.
For which revenue-carrying cost objects does the system perform results analysis?
There are 3 correct answers to this question. Cost center Business processes Internal order Work breakdown structure Customer service orders.
What does the calculation of a condition type in the costing sheet of CO-PA depend on?
There are 2 correct answers to this question. Valuation Calculation type Segment Condition class.
Which controls can you set when you determine a characteristic derivation?
There are 3 correct answers to this question. Valuation calculation System response when unsuccessful Display authority Overwriting authority Conditions for execution.
What must the referenced cost estimate and the receiving cost estimate have in common? Please choose the correct answer. The cost component structure The company codes The quantity structure The plant.
Which object controls the tiles a business user can assign to their SAP Fiori launchpad? Please choose the correct answer. Tile group App library App finder Tile catalog.
You need to assign a company code to a controlling area. Which settings must be identical for both organizational objects? There are 2 correct answers to this question. Operational Chart of accounts Currency Operational Posting period Fiscal year variant.
You are posting a purchase order for a warehouse material. From which object is the profit center derived? Response: Material master Business partner Cost center Plant .
During posting, from which object does the system first derive the profit center if the profit center is NOT directly assigned to a network activity? Dummy profit center Project definition Network header D. WBS element .
What is the default option for planning profit center values in SAP S/4HANA? Profitability analysis planning Business planning and consolidation Management accounting planning Financial accounting planning.
What can you specify when you create an activity type? There are THREE correct answers for this question The activity type category for allocation The valid receiving cost center types The valid sending cost center types The secondary costs G/L account for internal activity allocation The primary costs G/L account for internal activity allocation .
At which level can you assign a valuation strategy in CO-PA? There are TWO correct answers for this question. Sales order type Costing key Record type Point of valuation .
Which activities can you perform while you create cost center hierarchies? There are 2 correct answers to this question. Reassign a cost center to another node of the standard hierarchy. Assign a standard hierarchy to several controlling areas. Create a cost center without specifying a standard hierarchy Append nodes and cost centers to a node of the standard hierarchy. .
Which characteristic of an internal order does the order type control? Controlling areas the order is assigned to Time period for which the order is valid Types of costs posted to the order Budget profile assigned to the order .
Which processes belong to the "final costing" of cost objects? There are TWO correct answers for this question. Work in process Variance calculation Revaluation at actual costs Overhead surcharge .
Which of the following are typical activities of the sales planning phase in SAP S/4HANA? There are TWO correct answers for this question. Bottom-up distribution Transfer of GL account data Manual entry of data Top-down distribution .
You enter the actual activity quality for work and vacation in the cross-application time sheet. Which options can you choose in the master data of the activity type to ensure the quantities and values areposted in Management Accounting? There are TWO correct answers for this question. Manual entry, manual allocation Manual entry, indirect allocation Indirect determination, indirect allocation Manual entry, no allocation .
Which currency types can you use for costing-based CO-PA? There are TWO correct answers for this question. Group currency Controlling area currency Company code currency Operating concern currency .
You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use? Distribution Indirect activity allocation Periodic reposting Assessment .
You want to create alternative plan versions for your controlling area, in addition to version 000. What would you use additional CO versions for? 2 answers. To store different plan data To store parallel valuation Tostore actual-plan variance To store different budget data.
Which objects are predifined characteristics in SAP S/4HANA? 3 Answers. Region 2 Product Category Plant Company Code Controlling Area .
Independent from the cost object, which parameters are always contained in a costing variant?
There are TWO correct answers for this question. Valuation variant Costing type Transfer control Referencevariant .
You post an expense line in an accounting document and enter an internal order and a cost center as the account assignments. After posting, the system allows you to settle the posted values from the internal order. Which settings do the cost center and internal order have? Satistical internal order - Real cost center Real internal order - Statistical cost center Real internal order - Real cost center Statistical internal order - Statistical cost center .
What is the highest reporting level in management accounting? Controlling area Company code Operating concern Profit center .
To which objects do you settle values of the results analysis? There are TWO correct answers for this question Profit center Segment Profitability segment Cost center .
Where can you find actual transaction data of account-based CO-PA in SAP S/4HANA? BSEG ACDOCA COEJ CE1XXXX .
You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use ? Transfer control Costing version Costing type Reference variance .
In which SAP S/4HANA components can you analyze the results of the results analysis? There are 3 correct answers to this question. Financial accounting Sales and distribution Profitability analysis Profit center accounting Inventory management .
In an SAP S/4HANA system, you have two profit centers with the same profit center code and the same validityperiod, but different names. What does this indicate about the configuration of the profit centers? They are assigned to different functional areas They are assigned to different segments They are defined in separate company codes They are defined in separate controlling areas .
You use a ledger, an additional standard ledger and an extension ledger. You post a general journal entry without indicating a ledger group. For which ledger(s) are separateline items posted in the universal journal? All ledgers The standard ledgers The leading and extension ledgers The leading ledger only.
How do you define the relationship between an operating concern and a controlling area? One-to-one (1:1) Many-to-many(N:N) Many-to-one (N:l) One-to-many (1:N) .
When you create a profit center, what company code(s) is it assigned to by default? Please choose the correct answer. All company codes where profit center is activated All company codes within the operation concern All company codes within the controlling area All company codes, irrespective of controlling area.
Where can you adjust the automatic account assignment? There are TWO correct answers for this question Cost center (TA : KS01) Default account assignment (TA : OKB9) Substitution (TA : GGB1) G/L account (TA : FS00).
In a standard system delivery, how many characteristics can be added to an operating concern? Please choose the correct answer. Over 150 101 - 150 0 - 70 71 - 100.
You are implementing SAP S/4HANA and you want to run analytical reports off a single data model. Which statement best describes reporting in SAP S/4HANA? Please choose the correct answer. Reporting can be either broad and deep for analyses, or speedy and simple, but not both. Reporting analytical data is always done in a business warehouse system. Reporting on data is available in real-time at every level of detail. Reporting on data in real-time is difficult, and complex to design.
Which attributes can you configure in the activity type master record? There are 3 correct answers to this question. Activity type category Company code CO version Price indicator Valid cost center categories.
What can you do with statistical internal orders? Please choose the correct answer. Settle costs to a cost center. Transfer posting to another internal order. Apply overhead real to the internal order. Simultaneously post to a cost center.
You perform a settlement with a primary cost account which is different from the cost account you used to post the original expense.Which object is a valid receiver for the settlement? Internal order Cost center WBS element Fixed asset.
Which of the following steps are part of the procedure to update the standard price of the material? There are 2 correct answers to this question. Archive the cost estimates. Mark the cost estimate. Release the cost estimate. Split the costs.
On which document in the sales process is the profit center initially entered? Service contract Sales inquiry Goods issue Sales order.
For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Please choose the correct answer. Parallel costing is needed in order to calculate separate costos of goods manufactured for different accounting principles. Parallel costing is needed in order to compliant with different accounting principles. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation. Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation.
Your customer defined one distribution cycle in SAP S/4HANA.You need to define a new distribution cycle.How can you ensure the new cycle is executed only after the existing one is completed? Select iteration in the cycle header of the new cycle. Assign each cycle to a different cycle run group. Select iteration in cycle header of both cycles. Assign both cycles to the same cycle run group.
Which object can you configure t offset overhead surcharges for a cost object? There are THREE correct answers for this question Profit center. Cost center. Business process. Internal order. Profitability segment.
You define rules in a status profile and assign the profile to your internal order type.What do you use the status profile for? There are 3 correct answers to this question. To define uses for the order. To set the initial status as Created or Released. To permit or forbid specific transactions. To define the user status. To activate the CO partner update.
You want to set up budget availability control for your projects and internal orders.What can you check using budget availability control? There are 2 correct answers to this question. The availability of funds on period level. The availability of funds using overall plan value. The variability of funds according to tolerance limits. The availability of funds in object currency.
Which customizing activity do you perform in overhead cost controlling? Define cost center categories. Define company center categories. Maintain costing variant parameters. Create value fields.
Which statement best describes the Query Browser for reporting? Please choose the correct answer. It is a design studio app that comes as a standard SAP fiori content. It is a desktop browser that integrates with SAP S/4HANA. It is a strategic analytical tool in SAP S/4HANA. It is available as an additional license product in SAP S/4HANA.
At which level can you assign a valuation strategy in CO-PA? There are TWO correct answers for this question. Record type. Point of valuation. Sales order type. Costing key.
How can you populate local variables in Profitability Analysis reports? Please choose the correct answer. By population from user parameters. By user exit. By user entry during report execution. By business Add-In.
On which organizational level do you maintain profit center accounting in SAP S/4HANA? Company code. Controlling area. Financial statement version. Operating concern.
Which cost estimates must you reuse with the transfer control functionality? Cost estimates across company codes. Cost estimates with same cost component structure. Cost estimates with quantity structure. Cost estimates within the same plant.
You want to use a template for activity and process assignment to your material cost estimate.What do you need to do? Use the template to allocation function in the material cost estimate and the costing run. Assign a template to an operation in the routine of the material. Assign a template directly to costing view 1 of the material master record. Use the costing sheet of costing view 1 in the template determination table.
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis? Please choose the correct answer. By defining the characteristic value in the check table. By defining the characteristic value as a value field. By defining the characteristic value in the field catalog. By defining the characteristic value as a key figure.
You configured an overhead costing sheet that uses the quantity-based overhead approach to calculate the overhead amount. What is required for the amount to be calculated? Cost accounts with the option to record quantity. Activity types with actual or plan quantities maintained. Statistically figures with values for the period. Settlement rules with valid receiver objects.
Which of the following statements best describe Product Cost by Period? There are 2 correct answers to this question. It is used in conjunction with a product cost collector. It is used to analyse work in process based on actual costs. It is used when the focus of controlling is on a stable and continuous production process. It is used for joint production with process orders.
Which default values can you configure for the product cost collector? There are 2 correct answers to this question. Variance variant. Results Analysis (RA) version. Cost variant for preliminary costing. Results Analysis (RA) key.
In the Product Cost by Order component, what does the system calculate depending on the order status? Please choose the correct answer. WIP at target costs or variances. WIP at actual costs or variances. Both WIP and variances or only variances. WIP at planned costs or variances.
You use a production order with Product Cost by Period and you entered a results analysis key and variance key.How does the system calculate variances in Product Cost by Period? Please choose the correct answer. Variances = actual costs - delivery value. Variances = actual costs - delivery value WIP. Variances = target costs - delivery value WIP. Variances = target costs - delivery value.
You are considering using commitment management with internal orders.What do you need to do in the configuration? Please choose the correct answer. Activate commitment management in both the controlling area and the order type. Activate commitment management only in the controlling area. Activate commitment management only in the order type. Activate commitment management only in both the company code and the order type.
Which of the following values can be calculated using results analysis? There are 3 correct answers to this question. Work in progress. Costs of goods manufactured. Gross margin. Reserves for unrealized cost. Costs of sales.
At which level do you define the valuation method for results analysis? Please choose the correct answer. Operating concern. Sales organization. Controlling area. Company code.
What tasks are performed by the system during activity allocation? There are TWO correct answers for this question. A primary cost G/L account is used for debiting and crediting. The cost element is derived from the master data for the activity type. The allocation amount is calculated based on the quantity and price of the activity. The sender cost object is debited and the receiver cost object is credited.
How does SAP S/4HANA capture costs? Only primary costs are captured in general ledger accounts. Primary and secondary costs are captured in general ledger accounts. All primary and secondary costs are captured by creating them as cost element. Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts.
In the material master record there are three planned prices.What do you use them for? Please choose the correct answer. To update the standard price during the release of a standard cost estimate. To valuate material costs. To valuate material costs in cost estimates. To valuate goods movements.
Which customizing do you use for calculating Work in Progress (WIP)? There are THREE correct answers for this question. Assignment table. Update table. Settlement profit table. Allocation structure table. Posting Rule table.
What can you use to difference two or more cost estimates for the same material?
There are TWO correct answers for this question. Valuation variant. Transfer control. Costing version. Costing variant.
You are setting up a direct internal activity allocation in SAP S/4HANA.
What are valid receivers for the activity?
There are 3 correct answers to this question. Sales order item. Statistical overhead order General ledger account. Network Cost Center.
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA?
There are 2 correct answers to this question. It can be defined for posting on general ledger accounts of secondary costs type. It takes precedence over validation and substitution. It can be overwritten in the application. It can be defined for posting on general ledger accounts of primary costs type.
To which objects do you assign the elements of the cost component split to ensure the transfer of costing to costing-based CO-PA? G/L accounts Controling Area Segments Value fields.
Which object do you have to assign the cost component structure to? Costing type Costing variant Valuation variant Material master record.
What is required before you can create a multi-level material cost estimate without quantity structure? Material Master with Costing View Material Master with Accounting View and with MRP views Specific Valuation variants for material costings without quantity structure Specific Costing variants for material costings without quantity structure.
When you configure period-end closing, which accrual calculations methods can you use?
There are TWO correct answers for this question. Target equals actual Percentage Template Statistical key figure.
You have implemented Product Cost by Sales Order in conjunction with revenue-based results analysis in your organization.For a particular sales order item, you have the following: Plan revenue = 3000 Plan costs = 2000 Actual revenue = 1200 Actual costs = 1000 What data does the system calculate during results analysis?
Please choose the correct answer. Revenue = 1200; Cost of sales = 1000; Revenue surplus = 200 Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200 Revenue = 1500; Cost of sales = 1000; Revenue surplus = 300 Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300.
Which order status is relevant for creating work in process (WIP) calculations when you use Product Cost by Order (PCO)? Partially released Technically completed
Created Delivered
.
When do you select the percentage method for accrual calculation? There are TWO correct answers for this question When you accrue activity-dependent costs and an appropriate cost element in NOT available When you accrue dependent costs for defining overhead rates is available. When you accrue activity-independent costs and an appropriate cost element in NOT available. When you accrue activity-independent costs and an appropriate cost element for defining overhead rates is available.
Which settings can you configure per order type for the budget and availability control?
There are TWO correct answers for this question Budget tolerance limits Budget data entry layout Design budget manager Budgeting on cost element level.
You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period- end closing for your organization. Which of the following objects is part of the assessment cycle? Please choose the correct answer Tracing factor Cycle iteration PA transfer structure Template.
Which cost objects can only be controlled by period? There are TWO correct answers for this question. Product cost collector Production order Process order Cost object hierarchy.
When do you use an assessment instead of a distribution? There are TWO correct answers for this question. When you want to consolidate allocated expenses When you need the option to reverse the cycle as often as required When you need to transfer secondary costs When you want to view the original cost elements on the receiver.
Which object do you configure to reuse material cost estimate for the costing process? Quantity structure control Transfer control Valuation variant Group costing.
Which component provides insight into the effectiveness and results for areas of responsibility within the enterprise? Profit center accounting Profitability analysis Results analysis Revenue accounting and reporting.
Which of the following statements best describe Product Cost by Order? There are 2 correct answers to this question. It is used when controlling by individual production lots or discrete quantities is needed. It is used when you perform repetitive manufacturing. It is used when full cost traceability is needed. It is recommended for products with a long production time.
In a make-to-order scenario, you use a sales order with an assigned production order and non-valuated sales order stock.Which process do you use to post actual costs on a sales order in SAP S/4HANA? There are TWO correct answers for this question. Production order confirmation Delivery from production order to sales order stock Production order settlement External goods receipt on sales order stock.
For which objects can you revaluate activities and business processes at actual prices? There are THREE correct answers for this question. Cost centers Work centers Work breakdown structure elements Profit centers Profitability segments.
Which statements are relevant to the cost of sales accounting method in profitability management? There are 2 correct answers to this question. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities. It presents the costs and revenues information in a format that is ideal for conducting margin analyses. It aims to match revenues for goods and services against sales-related expenses. It aims to summarize activity and situational change organizational until over a period of time.
You have activated budget availability control for an internal order and entered an overall budget of 10000.Actuals of 10000 were posted for this internal order in the current year. How is that possible? There are 2 correct answers to this question. The purchase order was entered in a different year than the budget. The purchase order has NOT generated a budget document yet. The cost element is exempted from budget availability control. The difference of 1000 is within the tolerance limits defined in the configuration. .
Which criteria do you use to specify the G/L account for the work in process (WIP) settlement? There are THREE correct answers for this question Results analysis version Results analysis category Results analysis method Results analysis cost element Results analysis profit center.
You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? There are 2 correct answers to this question. By marking the cost indicator in the control key assigned to the operation By marking the Relevance to Costing indicator in the operation By assigning a cost center to the work center in the operation By defining a usage key in the header of the routing.
Which receiver must be allowed in the settlement profile of a product cost collector? Material Order Business process Cost center.
Which management accounting currencies can you use for evaluation when you use crosscompany- code cost accounting? There are THREE correct answers for this question. Object currency Controlling area currency Company code currency Transaction Currency Reference Currency.
Which Customizing for Document Splitting settings do you maintain to ensure that financial statements can always be produced separately for each profit center? Inheritance Dummy profit center Standard account assignment Zero-balance.
What can you configure in the settlement profile? There are 2 correct answers to this question Response. Define a number range for settlement documents Define document management parameters Determine whether settlement is required Determine an overhead key.
Which objects can statistical key figures be applied to? There are 2 correct answers to this question. Profit centers Cost centers General ledger accounts Functional areas.
You are using availability control in your SAP S/4HANA system. Which documents can cause the system to raise a warning message when the budget was exceeded? There are TWO correct answers for this question. Purchase requisition Outgoing payment Incoming invoice Goods issue from order.
Which main elements do you configure for the overhead costing sheet? There are Three correct answers for this question. Calculation Base Revaluation Rate Overhead Rate Allocation Structure Credit key.
Which type of Profitability Analysis updates the Cost of Goods Sold at the time of delivery?
Please choose the correct answer. Costing-based only Both accounting-based and Costing Based Periodic accounting-based Accouting-based only.
Which object can you select for reporting in costing-based Profitability Analysis, and NOT in account- based Profitability Analysis? Please choose the correct answer. Record type Period/year Company Code Cost element.
When is the standard hierarchy of the controlling area created? When Controlling Area is defined When the first cost center for a controlling area is created When the first company code is assigned to the controlling area When the controlling area is assigned to the operating concern.
You want to set up integrated planning for your internal orders. What do you need to do?
There are 2 correct answers to this question. Set the relevant in the internal order master record Set the relevant in the CO version Set the relevant in the controlling area Set the relevant in the planning profile of the order type.
You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements? Settlement rule Allocation structure Settlement profile Template.
What are some of the objectives of Profitability Analysis? There are 2 correct answers to this question. Provide the company with a detailed view of its financial statements by responsibility units Allow the company to determine if the sales force achieved their contribution margin goals Allow the company to determine standard costs and revenues according to the period accounting method Provide the company with information on the performance of its market segments.
Which of the following objects can be selected in templates for activity-based costing?
There are 2 correct answers to this question Business process internal order WBS element Cost center/activity type.
What can you manage via the account assignment category? There are 2 correct answers to this question. Separate sales order stock Costing variant Valuated sales order stock Product cost by sales order.
You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting? There are 3 correct answers to this question. Payment discount Order quantity Revenues Accruals Sales deductions.
Which key performance indicators (KPIs) does profit center accounting help you report? There are TWO correct answers for this question Profit contribution of a department Contribution of new customers to gross revenue Impact on sales of a marketing activity Return on capital expenditure investment.
You are executing an indirect activity allocation. What do you post to the sender and receiver?
Please choose the correct answer. You post both quantity and cost to the sender, and cost only to receiver You post cost only to both the sender and receiver You post quantity and cost to both the sender and receiver You post both quantity and cost to the receiver, and cost only to the sender.
What do you get if you mark a standard price cost estimate?
There are TWO correct answers for this question An accounting document for material ledger A new status in the cost estimate A cost-based CO-PA document for material revaluation A future standard price.
What are some of the characteristics of Profit Center Accounting in SAP S/4HANA?
There are 2 correct answers to this question It can be used with period and/or cost of sales accounting It is integrated in the universal journal It can be used in the settlement rule for internal orders It is possible to derive the profit center from the segment in configuration.
What do you use to map the primary cost component split to the production cost component structure? Assignment scheme Transfer structure Cost component groups Allocation structure.
How can you define a dynamic group for internal orders? Define an order coding mask for order types Use wild cards in the order codes assigned to nodes Create a substitution rule for mass changes Assign a selection variant to an end node.
What is the difference when you perform repost line items (TA: KB61) compared to manual reposting of costs (KB11n) for a cost center? There are TWO correct answers for this question The report of the line item is updated in the original F1 document The line item needs a reference to an FI document There is the option to assign the line item to several receiver objects The line item values are validated against the original document.
Which tasks can you perform on a production order in a make-to-order scenario with valuated stock?
There are TWO correct answers for this question Settle the variances to CO-PA Perform results analysis Transfer reserves for realized costs Calculate production variances.
How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports? . . . . . It selects actual data from table CE1XXXX and plan data from table CE2XXXX It selects actual data from table ACDOCA and plan data from table ACDOCP It selects actual data from table ACDOCA and plan data from table COSP It selects actual data from table CE2XXXX and plan data from table CE3XXXX.
Which parameters can you enter when you create a Costing Run?
There are THREE correct answers for this question. Transfer control Costing variant Costing version Valuation variant Production version.
When you create a planning layout, which objects can you use to define the data columns?
There are THREE correct answers for this question. Formulas Characteristics Value fields Distribution key Summarization level.
Which objects can you plan in cost center accounting? There are THREE correct answers for this question. Balance sheet accounts Activity prices. Non-operating expenses accounts. Statistical key figures. Secondary cost accounts.
Company codes are required for internal CO. True False.
Which of the following components can be activated in the controlling area? Commitments Cost centers Profit centers Production orders Currency.
The client is the top organizational structure for external financial reporting. True False.
In an SAP S/4HANA system, which settings must be consistent to connect company codes to a controlling area in an n:1 environment? Company code currency Fiscal year Fiscal year special periods Operating chart of accounts.
When defining a controlling area, you must choose which of the following?
Standard cost center hierarchy Controlling area currency Cross-company code setting Standard profit center hierarchy.
Which key features are activated in an operating concern? Costing-based CO-PA Operating concern currency Controlling areas Company code.
Which enterprise structure is used to manage profit by external market? Profitability analysis (CO-PA) Profit center Company code Segment.
True or False: Profit centers are optional organizational structures to provide a flexible reporting tool for income statements and balance sheets. True False.
Only one version for actual can be activated for a controlling area. True False.
The controlling area version controls which of the following? (There are three correct answers.) Ability to post actual data Ability to plan across cost centers Ability to send plan data to other processes
Ability to calculate price Ability to plan the balance sheet.
True or False: It is possible to activate both account-based CO-PA and costing-based CO-PA in SAP S/4HANA. True False.
SAP S/4HANA offers the ability to change all configuration settings in the future to meet changing business requirements. True False.
It is possible to connect non-SAP systems to an SAP S/4HANA client. True False.
Which activity type category requires that you enter the price and quantity allocated with activity allocation?
Manual, manual Manual, indirect Indirect, indirect.
Which master data in functions of CO can be grouped? (There are three correct answers.) Cost elements Controlling area Internal orders Statistical key figures.
Cost element master data requires a cost element category. True False.
In G/L account master data, each account must contain which of the following? Account type Cost element category Cost object assignment.
SAP has mandatory standard hierarchies. True False.
Which SAP S/4HANA function provides methods to automatically assign accounts to cost object? (There are two correct answers.) Automatic assignment to table OKB9 Cost object master data Substitution Field status Validation.
Where are the day-to-day accounts we use for cost centers activated? G/L chart Local chart Operating chart.
What function does the cost center category provide?
Available cost elements Available profit centers Default setting for the cost center.
CO allocations may need corrections. What is the effect of reverse and rebook? Reverse allocations for several months and rebook in the original periods Reverse current period and rebook to previous periods Reverse value of previous periods and repost the correction in the current period.
Cost centers can allocate to many different objects. True False.
An attribute of cost centers is their ability to perform period-end settlement. True False.
Where do non-operating expense accounts post? Financial accounting (FI) Controlling (CO) Cost center Profit center.
When comparing manual reposting of costs and repost line items, which is true? Manual reposting will link to the original document. Repost line items will validate against the FI line item.
Repost line items will update the original FI posting. Manual reposting will create an FI and CO document.
What is the feature that distinguishes between fixed and variable cost? Variable cost element Secondary cost element Activity quantity.
Which allocations use the cycle segment method? (There are two correct answers.) Costing sheet Periodic reposting Assessment
Direct activity allocation.
How can you configure cycles for period-end allocation? (There are two correct answers.) Create cycles that iterate with each other Use different allocation rules within one segment Assign several segments to a cycle Define allocation for the same cost center in multiple segments.
What can you specify when you create an activity type? (There are three correct answers.) The primary costs G/L account for internal activity allocation The valid receiving cost center types The valid sending cost center types The secondary costs G/L account for internal activity allocation The activity type category for allocation.
What is the highest overhead cost reporting level in CO? Company code Cost center hierarchy Controlling area Operating concern.
When do you select the percentage method for accrual calculation? (There are two correct answers.) When you accrue activity-independent costs and an appropriate cost element is NOT available When you accrue activity-dependent costs and an appropriate cost element for defining overhead rates is available When you accrue activity-independent costs and an appropriate cost element for defining overhead rates is available When you accrue activity-dependent costs and an appropriate cost element is NOT available.
You would like to conceal the original cost element in an allocation. You should choose a distribution. True False.
When is the standard hierarchy of the cost center identified? When the controlling area is assigned to the operating concern
When the controlling area is defined When the first cost center for a controlling area is created When the first company code is assigned to the controlling area.
When would you define assessment cycles for the period-end closing in overhead cost accounting? (There are two correct answers.) Transfer a primary cost element to the sender Transfer primary costs element from an order to a receiver Transfer a secondary cost element to the receiver Transfer primary and secondary to a secondary cost.
Which object can you assign to the cycle segment? (There are three correct answers.) Non-operating expense accounts Activity prices Balance sheet accounts Secondary cost accounts Statistical key figures.
Which activities can you perform while you create cost center hierarchies? (There are two correct answers.) Append nodes and cost centers to a node of the standard hierarchy Assign a standard hierarchy to several controlling areas Create a cost center without specifying a standard hierarchy Reassign a cost center to another node of the standard hierarchy.
Which characteristic controls the eligible cost element categories for G/L accounts in SAP S/4HANA? Field status group Account currency Account group Account type.
Which configuration is possible when you assign multiple company codes to a controlling area in SAP S/4HANA? The company code currency may differ from the controlling area currency. The company code fiscal year variant may differ from the controlling area fiscal year variant in the number of special periods. The company code operational chart of accounts may differ from the controlling area operational chart of accounts. The company code fiscal year variant may differ from the controlling area fiscal year variant in the number of periods and number of special periods.
Which CO currencies can you use for evaluation when you use cross-company code cost accounting? (There are three correct answers.) Controlling area currency Company code currency Object currency Transaction currency Reference currency.
What can you use to differentiate two or more cost estimates for the same material? (There are two correct answers.) Costing variant Transfer control Costing version Valuation variant.
What do you do to create a primary cost component split? (There are two correct answers.) Assign the same cost element main components Assign a cost component structure to the CO version Run an activity price calculation Enter split activity prices manually.
A cost component split can have as many categories as you wish. True False.
What do you get if you mark a standard price cost estimate? (There are two correct answers.) A new status in the cost estimate A future standard price A costing-based CO-PA document for material revaluation An accounting document for the material ledger.
What is required before you can create a multilevel material cost estimate without quantity structure? Material master with accounting view and with MRP views Specific valuation variants for material costings without quantity structure Material master with costing view Specific costing variants for material costings without quantity structure.
Which cost estimates must you reuse with the transfer control functionality?
Cost estimates with same cost component structure Cost estimates with quantity structure Cost estimates within the same plant
Cost estimates across company codes.
Which object do you configure to reuse material cost estimate for the costing process? Group costing Quantity structure control Valuation variant Transfer control.
True or False: A BOM and routing can be created specifically for costing. True False.
Which object do you have to assign the cost component structure to? Costing type Valuation variant Costing variant Material master record.
Which parameters can you enter when you create a costing run? (There are three correct answers.) Transfer control Costing variant Production version Costing version Valuation variant.
Which views can you use to analyze the costing results within the costing run tool? (There are three correct answers.) Variance report Costing levels report Work in process (WIP) report Material list report Analysis report.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do? Use the costing sheet of the Costing 1 tab Use the template allocation function in a material cost estimate Assign a template to an operation in the routing of the material Assign a template directly to Costing 1 tab of the material master record.
Materials can be marked and released every week.
True False.
What are features of a cost estimate created with unit costing? (There are three correct answers.) Allows costing early in product lifecycle Material number is required BOMs and routings can be used Estimate is created automatically Requires cost element.
The costing variant is client-level data. True False.
A cost estimate is made up of several costing items. What data is maintained in a costing item? (There are three correct answers.) Item category BOM item Cost element Price Validity date.
What are uses of a cost estimate? (There are three correct answers.) Cost origin Continuous improvement Activity prices Productivity Cost center valuation.
What is a feature of the valuation variant? Strategies are defined by costing item Strategies are defined at the BOM level Strategies must have at least two options.
In the costing variant date control, which date will trigger different prices? Costing to and from dates Quantity structure date Valuation date BOM validity date.
Material cost estimates with quantity structure try to find a valid BOM and routing. What are some data elements that trigger a BOM or routing? (There are three correct answers.) Valid status Valid lot size Valid dates Valid material items Valid control keys.
What is the benefit of the primary cost component structure? Divide the COGS into more detail Show COGM Provides an alternate primary cost view.
Which of the following configuration settings are used for calculating work in process (WIP)? (There are three correct answers.) Create settlement profile Define assignment of cost elements Define update
Create allocation structure Define posting rules.
Which order status is relevant for creating WIP calculations when using controlling by order? Created Delivered Partially delivered Technically completed.
Product cost collectors calculate WIP and variances each period. What is the calculation for variance? Actual Debits + Scrap – Goods Receipt Actual Debits – Goods Receipt – WIP Actual Credits – Goods Receipt – WIP – Scrap Actual Credits – WIP – Scrap.
The setting that controls settlement by PER (periodic) or FUL (full) is determined by which of the following?
Settlement profile Allocation structure Settlement type.
In controlling by sales order, when using a sales order with an assigned production order and valuated sales order stock. Which process is used to post costs to the sales order in SAP S/4HANA? (There are two correct answers.) Production order confirmation Delivery from production order to sales order stock Production order settlement Externally procured sales order stock.
When using controlling by sales order, to which object do you settle values of results analysis?
Profit center Cost center Segment Profitability segment.
Which tasks can be performed on a production order in a controlling by sales order scenario with valuated stock? (There are two correct answers.) Perform results analysis Transfer reserves for realized costs Settle the production variances to CO-PA
Calculate production variances.
In controlling by sales order, the planned value can come from which of the following? (There are two correct answers.) Pricing conditions on the sales order Unit costing Product costing Cost estimate of the planned production order.
In controlling by order, if the order has neither status delivered nor status technically completed, WIP is calculated based on which of the following? Actual cost Target cost Plan cost.
What needs to be specified to calculate WIP for a product cost collector? Default rule Order type Results analysis key Settlement type.
Using a production order, which of the following could cause a difference between the standard cost estimate and the planned cost for the order? Different order types Different results analysis keys Different costing variants.
For cost objects with the settlement type PER, how is WIP calculated? Based on the standard cost estimate Based on target costs Based on actual costs for the orders.
What can cause production order variances? (There are two correct answers.) Using the wrong order type Debits to the order in excess of the credits Consuming unplanned materials The splitting profile.
When using controlling by sales order, which of the following applies to results analysis? Individual/collective indicator Non-valuated stock Determining the percentage of completion.
What is the purpose of a splitting profile? (There are two correct answers.) To post variance categories to CO-PA value fields To provide more variance information in the G/L To post variance categories to separate G/L accounts To determine which variance categories to calculate.
When using controlling by period, how is decoupling the cost object from the production order accomplished? Create a new order type Select the Cost Collector indicator on the logistics order type Assign the settlement type PER.
Product cost collectors and logistics production orders are linked through which of the following? The results analysis key The production process The order numbers.
Simultaneous costing refers to the valuation phase when WIP is calculated. True False.
Product cost collectors can calculate WIP and variance in each accounting period. True False.
Unvaluated stock can be used with the costing by period scenario. True False.
True or False: Unit costing can produce a cost component split. True False.
All order values flow through the profit and loss section of the income statement. True False.
What tables are used to store CO-PA data? (There are two correct answers.) Tables CE1xxxx and CE2xxxx are used by costing-based CO-PA Table BSEG is used by account-based CO-PA Table ACDOCA is used by account-based CO-PA Table COSS is used by account-based CO-PA.
Which of the following apply to costing-based CO-PA? (There are two correct answers.) Characteristics Splitting structures Value fields Cost elements.
For which characteristics does the system automatically create a derivation step? Derivation rules Fixed characteristics Custom characteristics.
To which of the following can a valuation strategy be assigned? (There are two correct answers.) Point of valuation A value field Record type Costing key.
Which of the following is needed to transfer data from FI directly to costing-based CO-PA? Valuation strategy PA transfer structure Splitting structure.
When you create a planning layout, which objects can you use to define the data columns? (There are two correct answers.) Formulas Characteristics Planning level Planning package.
Which objects are fixed characteristics for CO-PA in SAP S/4HANA? (There are three correct answers.) Controlling area Company code Product category Plant Region.
Which object do you use when you assign costs and revenue to the value fields in costing-based CO-PA? Overhead group PA transfer structure Allocation template Allocation structure.
Which of the following define an operating concern when it is created? (There are three correct answers.) Valuation strategy
Type of profitability analysis Derivation strategy Data structure
Operating concern currency.
Companies can choose which type of CO-PA to activate?
True False.
Which of the following apply to both account-based and costing-based CO-PA? (There are three correct answers.) Valuation strategy Characteristics PA transfer structure Table CE4xxxx Derivation strategy.
True or False: Fixed characteristics usually represent organizational structure and master data derived on a posting. True False.
True or False: Once an operating concern has been generated, you cannot make any changes to its settings. True False.
Which of the following applies to cost splitting profiles? They are used in costing-based CO-PA. They are used to supply more costing detail to the G/L. They are assigned to an operating concern.
Top-down distribution can be used to provide more granular planning details. True False.
Planning for costing-based CO-PA is created in SAP BPC. True False.
For costing-based CO-PA, SAP S/4HANA provides standard reports that can be used by all customers. True False.
In the profit center assignment to a cost center, you get an error. What is the cause? Profit center validity is within the cost center validity. Cost center validity is outside the profit center validity. Profit center lock indicator had been set.
In an SAP S/4HANA system, you have two profit centers with the same profit center code and the same validity period, but different names. What does this indicate about the configuration of the profit centers? They are defined in separate controlling areas. They are defined in separate company codes. They are assigned to different functional areas.
Is it possible to post a value directly to a standalone profit center. True False.
n your company, you tend to go through many reorganizations, which often leads to extra master data maintenance work. Which grouping functionality can save you time maintaining profit center groups? Creating multidimensional sets Configuring derivation rules Defining flexible hierarchies Copying groups with suffixes.
On which organizational level do you maintain PCA in SAP S/4HANA? Company code Financial statement version Controlling area Operating concern
.
In SAP S/4HANA, if PCA is active, the profit center field is mandatory. True False.
Which document splitting Customizing settings do you maintain to ensure that financial statements can always be produced separately for each profit center? Zero-balance
Dummy profit center Standard account assignment Inheritance.
Parallel valuations' multi-valuation ledger updates multiple ledgers. True False.
What is a document splitting method? Transaction splitting rule Set of business transactions Set of item categories.
In SAP S/4HANA, EC-PCA accounts post separate profit center documents for transactions. True False.
Which characteristics define extension ledgers in SAP S/4HANA? (There are two correct answers.) Extension ledgers can be posted from CO. Extension ledgers must be assigned to a base ledger. Extension ledgers contain all the postings for an accounting principle. Extension ledgers should be viewed as standalone ledgers.
In an SAP S/4HANA system, let's say two parallel ledgers and one extension ledger exist. Which is true? A journal entry will post to all three ledgers automatically. A journal entry will post to the two parallel ledgers simultaneously. A journal entry to the extension ledger will simultaneously post to the base ledger.
In SAP S/4HANA, how is the organizational element segment derived? Assignment to a company code Assignment to a profit center Assignment to a controlling area.
Indirect profit center assignment is based on which of the following? Characteristics in the current document Characteristics in a preceding document Characteristics in document splitting.
True or False: Profit centers and cost centers can receive revenue postings. True False.
Which of the following are standard characteristics for document splitting? (There are two correct answers.)
Functional area Company code Segment Business area Profit center.
The derivation of profit center can happen through assignments to which objects? (There are three correct answers.) Material assignment Cost center assignment Document splitting Cost estimate assignment
Fixed asset assignment.
The first step in profit center derivation process is which of the following? Substitution Document splitting Cost or revenue type.
The purpose of document splitting is which of the following? Assign relevant characteristics to a G/L line item Split payables and receivables Include a balance sheet in CO.
To ensure all that profit center master data is accurate and complete, we use which of the following? Assignment Monitor Profit Center Monitor Customizing Monitor.
What kind of process is document splitting? Substitution Passive BAdI (program).
Controlling data extracted with Report Painter in SAP S/4HANA is read directly from historical tables. True False.
What are the benefits of SAP Analysis for Office? (There are two correct answers.) Execute drilldown reports Real-time data views Excel spreadsheet functions Graphical analysis.
What are the functions of CDS views? (There are two correct answers.)
Data is read from SAP HANA tables. All historical reports are replaced. Traditional reports aren't disrupted. Data is written to historical tables.
True or False: Report Painter can be used across SAP business processes. True False.
When is it appropriate to use SAP Lumira? (There are two correct answers.) Data visualization is required. Real-time transactions are required. Day-to-day operations efficiency is needed. Data is contained in different sources.
What are characteristics of drilldown reports? (There are two correct answers.) You can use drilldown reporting in Report Painter reports. You can slice and dice the data in different ways. You must re-execute a report to see a new view. You can analyze complex data.
What are the benefits of WYSIWYG reporting functions? (There are two correct answers.) Report developers can see output prior to execution. Reports can use drilldown functions. Report developers can see report changes immediately. Reports are displayed in a visual format.
What are good applications of drilldown reports? (There are two correct answers.) Production order analysis Profit center analysis CO-PA data analysis
Cost center analysis.
Which reporting tools require IT support? (There are two correct answers.) ABAP reports CDS views Drilldown reports SAP HANA queries.
The Query Browser only accesses SAP HANA foundation tables. True False.
How can you configure cycles for period-end allocation?
There are TWO correct answers for this question. Assign several segments to a cycle Use different allocation rules within one segment Define allocation for the same cost center in multiple segments Create cycles that iterate with each other .
Which parameters are controlled by the costing type in a costing variant?
There are TWO correct answers to this question. Costing sheet Price update Save with date key Price for materials.
What master data objects can you set up using time-based fields? Standard hierarchies Cost centers Activity types Statistical key figures.
You want to enable WIP calculation in Product Cost by Period. What do you need to configure? Profitability Analysis (PA) Transfer structure Valuation variant Settlement profile.
Why would you use manual allocation in Controlling to allocate cost using allocation type to correct secondary posts to run simple allocations of actual data to run simple allocations of plan data.
Indenpendent from the cost object, which parameters are always contained in a Cost Variant Costing type Valuation Variant Reference Variant Transfer Control.
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