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co 1709 ch6-7-8

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Title of test:
co 1709 ch6-7-8

Description:
co 1709 ch6-7-8

Author:
sl
(Other tests from this author)

Creation Date:
02/01/2021

Category:
Computers

Number of questions: 60
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Content:
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? (2 answers) Profit center Cost center Segment Profitability segment G/L account.
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.
True or False: Simultaneous costing refers to the valuation phase when WIP is calculated. True False.
True or False: Product cost collectors can calculate WIP and variance in each accounting period. True False.
True or 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.
True or 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.
6. 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.) A. Valuation strategy Type of profitability analysis Derivation strategy Data structure Operating concern currency.
True or False: 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.) A. 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.
True or False: Top-down distribution can be used to provide more granular planning details. True False.
True or False: Planning for costing-based CO-PA is created in SAP BPC. True False.
True or False: For costing-based CO-PA, SAP S/4HANA provides standard reports that can be used by all customers True False.
1. 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.
2. 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.
In 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.
True or False: 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.
True or False: 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.
True or False: 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. 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 Cost or revenue type Document splitting.
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).
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