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C_TS4CO_1709 - Chapter 3 - Cost Center Accounting

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Title of test:
C_TS4CO_1709 - Chapter 3 - Cost Center Accounting

Description:
Practice Questions from Certification Guide

Author:
phreak
(Other tests from this author)

Creation Date:
30/08/2019

Category:
Competitive Exam
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Content:
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.
True or False: 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.
True or False: 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.
True or False: Cost centers can allocate to many different objects. True False.
True or 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.
True or False: 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.
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