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CO 1909

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Title of test:
CO 1909

Description:
CO 1909

Author:
TJ
(Other tests from this author)

Creation Date:
16/07/2020

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Others
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Content:
You want to set up integrated planning for your internal orders. What do you need to do? Set the relevant indicator in the internal order master record. Set the relevant indicator in the controlling area. Set the relevant indicators in the CO version. Set the relevant indicator in the planning profile of the order type.
In SAP S/4 HANA you have decided to activate only account-based profitability analysis for your organization You want to settle costs and revenue of a sales order item to a profitability segment What do you need to configure? PA transfer structure PA transfer structure Cost component structure Allocation structure.
Which default values can you configure for the product cost collector? Note: There are 2 correct answers to this question. Variance variant Costing variant for preliminary costing Results Analysis (RA) key Results Analysis (RA) version.
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis? By defining the characteristic value as a value field By defining the characteristic value as a key figure By defining the characteristic value in the field catalog By defining the characteristic value in the check table .
Which type of Profitability Analysis updates the cost of goods sold at the time of delivery? Costing-basad only Periodic account-based Both account-based and costing-based Account-based only .
For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Parallel costing is needed in order to calculate separate costs of goods manufactured for 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. Parallel accounting is needed in order to be compliant with different accounting principles. .
Which of the following steps are part of the procedure to update the standard price of the material? Note: There are 2 correct answers to this question. Release the cost estimate. Mark the cost estimate. Archive the cost estimates. Split the costs. .
To which objects can you settle an Internal order using cost elements with cost element category 21 (internal settlement)? Note: There are 3 correct answers to this question. Asset Network Sales order Item General ledger account WBS element .
Why would you use manual cost allocation in Controlling? Note: There are 2 correct answers to this question. To correct secondary postings To run simple allocations of plan data To allocate costs using an allocation cycle To run simple allocations of actual data .
You want to maintain a cost component structure What can you determine for each cost component? Note: There are 3 correct answers to this question. Relevance of cost component to inventory valuation Relevance of cost component to results analysis Relevance of cost component to goods manufactured Assignment of cost component to cost component group Assignment of cost component to calculation base for overheads in costing sheet .
In the material master record there are three planned prices. What do you use them for? To valuate the materials in cost estimates To update the standard price during the release of a standard cost estimate To valuate goods movement To valuate material stocks .
What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are 2 correct answers to this question. Production variances split by variance categories Value of conditions of the pricing procedure Value of “Gross Margin 2” Cost of goods sold split by cost components .
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item? Note: There are 2 correct answers to this question. The material in the sales order item is a service. Profitability Analysis (CO-PA) is activated. The sales order item is a cost object. The sales order item is assigned to a project. .
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 profile Template Allocation structure Settlement rule .
How do you define the relationship between an operating concern and a controlling area? Many-to-one (N:1) One-to-many (1:N) One-to-one (1:1) Many-to-many (N:N) .
How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question. As quantity-based surcharge As percentage rate As lot-based surcharge As equivalence number .
What can you do with statistical internal orders? Apply overhead rates to the internal order. Transfer posting to another internal order. Simultaneously post to a cost center. Settle costs to a cost center. .
How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question. All primary and secondary costs are captured by creating them as cost elements. Secondary costs are captured as secondary cost elements. and NOT as general ledger accounts. Only primary costs are captured in general ledger accounts. Primary and secondary costs are captured in general ledger accounts. .
Which parameters are controlled by the costing type in a costing variant Note: There are 2 correct answers to this question. Price updates Costing sheet Price for materials Save with date key .
Which attributes can you configure in the activity type master record? Note: There are 3 correct answers to this question. Price indicator Activity type category Company code CO version Valid cost center categories .
Which functionalities can create primary cost component splits? Note: There are 2 correct answers to this question. Settlement of internal orders Execution of the assessment cycles Cost center/activity type price calculation Business processes price calculation .
Which statements are relevant to the cost of sales accounting method in profitability management? Note: There are 2 correct answers to this question. It aims to match revenues for goods and services against sales-related expenses. It presents revenues. primary expenses, changes in stock. WIP and capitalized activities It aims to summarize activity and situational change for a given organizational unit over a period of time It presents the costs and revenues information in a format that is ideal for conducting margin analyses. .
Which of the flowing statements best describes Product Cost by Period? Note: There are 2 correct answers to the question. It Is used for johit production with process orders. It b used In conjunction with a product cost collector. It is used to analyze process based on actual costs. it is used when the focus of controlling b on a stable and continuous production process. .
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? Costing version Transfer control Reference variant Costing type .
In the Product Cost by Order component, what does the system calculate depending on the order status? WIP at target costs or variances WIP at actual costs or variances WIP at planned costs or variances Both WIP and variances or only variances .
Which receiver must be allowed in the settlement profile of a product cost collector? Cost center Business process Order Material .
When you create a profit center, what company code(s) is it assigned to by default? All company codes. irrespective of controlling area All company codes within the controlling area All company codes within the operating concern All company codes where profit center is activated .
You have activated budget availability control for an internal order and entered an overall budget of 10,000. Actuals of 10,000 were posted in the previous year. You are surprised to realize that a purchase order of 1000 was created for this internal order in the current year How is that possible? Note: There are 2 correct answers to this question. The difference of 1000 is within the tolerance limits defined in the configuration. The purchase order has NOT generated a budget document yet. The purchase order was entered in a different year than the budget. The cost element is exempted from budget availability control .
Which objects can statistical key figures be applied to? Note: There are 2 correct answers to this question. Functional areas General ledger accounts Profit centers Cost centers .
You are running an indirect activity allocation What do you post to the sender and receiver? You post both quantity and cost to the sender, and cost only to the receiver You post quantity and cost to both the sender and receiver. You post only cost to both the sender and receiver. You post both quantity and cost to the receiver, and cost only to the sender. .
You are setting up costing-based Profitability Analysis for your organization How do you configure the different market segments? As divisions As value fields As key figures As characteristics .
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? Note: There are 2 correct answers to this question. It can be defined for postings on general ledger accounts of secondary costs type. It can be overwritten in the application. It can be defined for postings on general ledger accounts of primary costs type. It takes precedence over validation and substitution. .
How can you configure the transfer price solution in SAP S/4HANA? Note: There are 2 correct answers to this question. Use separate ledgers for each valuation. Use separate currency types within the same ledger for each valuation. Use separate accounts for each valuation. Use separate segments for each valuation. .
You want to use budget availability control for your projects and internal orders. What can you check using budget availability control? Note: There are 2 correct answers to this question. The availability of funds on period level The availability of funds according to tolerance limits The availability of funds in object currency The availability of funds using overall plan value .
In which module do you process profit center allocations in SAP S/4HANA? Product cost accounting Account-based profitability analysis General ledger accounting Cost center accounting .
What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question. 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. Allow the company to determine if the sales force achieved their contribution margin goals. Provide the company with a detailed view of its financial statements by areas of responsibilities. .
You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? Note: There are 2 correct answers to this question. Costing-based Profitability Analysis must be active. The type of the general ledger account must be primary cost/revenue or secondary cost. The type of the addressed ledger must be an extension ledger. Account-based Profitability Analysis must be active. .
What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question. You can define tolerance limits for plan overspend. Availability control can check against plan values. You can enter costs and revenues. You can plan multiple versions. .
Which statement best describes the Query Browser for reporting? It is a desktop browser that integrates with SAP S/4HANA. It is the frontend used to define reports in Analysis for Office. It is available as an additional license product in SAP S/4HANA. It is a design studio app that comes as standard SAP Fiori content. .
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? Revenue 1200: Cost of sales 1000: Reserve200 Revenue = 1200; Cost of sales = 800: WIP = 200 Revenue = 1200; Cost of sales = 800: Reserve = 200 Revenue = 1200; Cost of sales = 1000; WIP = 200 .
How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports? It selects actual data from table ACDOCA and plan data from table COSP. 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 CE2XXXX and plan data from table CE3XXXX .
How can you populate local variables in Profitability Analysis reports? By populating from user parameters By user entry during report execution By user exit By Business Add-In .
What can you manage via the account assignment category? Note There are 2 correct answers to this question. Costing variant Separate sales order stock Valuated sales order stock Product cost by sales order .
What are some of the characteristics of SAP Core Data Services (CDS) views? Note There are 3 correct answers to this question. CDS views are considered system modifications. CDS views have ready-to-use content. CDS views support authorizations. CDS views have no latency. CDS views duplicate data for reporting efficiencies. .
You create alternative CO versions for your controlling area, in addition to version 0. What would you use additional CO versions for? Note: There are 2 correct answers to this question. To store data of alternative plan costing wns To store different budget data To store data of parallel valuation To store different plan data .
You want to configure different cost centers in your company. Which setting for the cost center master data will you use to asal’. the same attributes to shnlar cost centers? Functional area Cost center type Cost center category Acty type .
To which object do you assign a costing sheet? Transfer control Costing variant Valuation variant Cost component structure .
What can you configure in the settlement profile? Note: There are 2 correct answers to this question. Determine an overhead key. Define a number range for settlement documents. Determine whether settlement is required. Define document management parameters. .
You want to use a template to consider overhead during product costing. How do you assign the template to your material? Using a profit center and an overhead key Using a special procurement type and an overhead group Using an origin group and an overhead group Using an overhead group and an overhead key .
What are some of the unique attributes of an assessment cycle in Controlling? Note: There are 2 correct answers to this question. They use a secondary cost element during transfer They use the original cost element during transfer They transfer only primary costs. They transfer primary and secondary costs. .
You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? Note: There are 2 correct answers to this question. By marking the Relevance to Costing indicator in the operation By marking the cost indicator in the control key assigned to the operation By defining a usage key in the header of the routing By assigning a cost center to the work center in the operation .
Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question. It is used when you perform repetitive manufacturing. It is recommended for products with a long production time. It is used when full cost traceability is needed. It is used when controlling by individual production lots or discrete quantities is needed. .
In a standard system delivery, how many free characteristics can be added to an operating concern? 71 - 100 101 - 150 0 - 70 Over 150 .
You are implementing SAP S/4 HANA and you want to run analytical reports off a single data model. Which statement best describes reporting in SAP S/4 HANA? 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. Reporting can be either broad and deep for analysis, or speedy and simple, but not both. Reporting analytical data is always done in a business warehouse system. .
You post a billing document for a sales order with sales order controlling. What data flows to Profit Center Accounting? Note: There are 2 correct answers to this question. Order quantity Payment discount Sales deductions Revenues .
Which scenarios can be covered by the costing run? Note: There are 2 correct answers to this question. Inventory cost estimate of all the materials in one plant Standard cost estimate of all the materials in all plants of a controlling area Current cost estimate of all the materials in all controlling areas Product cost collector cost estimate in one plant .
At what level do you create the structure of the operating concern? Controlling area level Company code level Sales organization level Client level .
You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? Note: There are 3 correct answers to this question. To define the user status To set the initial status as Created or Released To define users for the order To permit or forbid specific transactions To activate the CO partner update .
How do you maintain number interval range in Controlling? By posting key By document type By company code By business transactions .
At which level do you decide the valuation method for results analysis? Controlling area Sales organization Company code Operating concern .
You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization For a particular sales order item, you have the following: Plan revenue = 3OOO Plan costs = 2000 Actual revenue 1200; Actual costs 1000 What data does the system calculate during results analysis? Revenue = 1500: Cost of sales 1000; Revenue surplus = 300 Revenue = 1200: Cost of sales = 1000; Revenue surplus = 200 Revenue = 1500: Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300 Revenue = 1200: Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200 .
What parameters can you set up when defining order types? Note: There are 2 correct answers to this question. Define default parameters for master record fields. Define document type. Allow revenue postings. Set up work lists. .
Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question. It is part of the core SAP S/4HANA license and uses the same technical stack and user interface It is hosted on the SAP Cloud Platform and integrates seamlessly with SAP S/4HANA on the Fiori Launchpad. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analytics Tools for reporting. It uses core data services (CDS) views to create virtual data models (VDMs) for reporting. .
You are using commitment management with Internal orders. What do you need to do in the configuration? Activate commitment management In both the company code and the order type. Activate commitment management only In the order type. Activate commitment management only In the controlling area. Activate commitment management In both the controlling area and the order type. .
What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question. Cost centers Cost element Activity types Statistical key figures.
You want to nabl WIP calculation of Product Cost by Period. What do you need to configure? ProfitabIlity Analysis (PA) transfer structure Settlement profile Variance variant Valuation variant .
Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question. WBS element Cost center/activity type Internal order Business process .
You want to prevent periodic cost fluctuations Which activity should you choose to distribute irregular expenses to the relevant periods? Accrual calculation Variance calculation Cost splitting Periodic reposting .
You would like to allocate primary and secondary costs from a cost center to another cost center Which allocation method will you use? Indirect activity allocation Distribution Assessment Periodic reposting .
Which statement best describes a cost center standard hierarchy? It represents an organizational unit in SAP S/4HANA where the costs and revenues are incurred and reported. It enables you to assign the same attributes to similar cost centers within a controlling area. It is a structure to which all the cost centers within a controlling area are assigned. It is grouped together with alternative hierarchies to represent decision control and responsibility units. .
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? Variances = Actual costs - Delivery value - WIP Variances = Target costs - Delivery value Variances = Actual costs - Delivery value Variances = Target costs - Delivery value - WIP .
How does the system derive the requirement type from the material master data? Note: There are 2 correct answers to this question. MRP group requirements class -> planning strategy -> requirements type Strategy group -> planning strategy -> requirements type Strategy group -> planning strategy -> requirements class -> requirements type MRP group -> strategy group -> planning strategy -> requirements type .
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? Sender cost objects Cycle iteration Tracing factor Template.
You want to create cost centers for your company What is the prerequisite to building an organizational structure for overhead cost controlling? Functional area Standard hierarchy top node Cost center categories Cost center types.
Which of the following values can be calculated using results analysis? Note: There are 3 correct answers to this question. Reserves for unrealized costs Cost of goods manufactured Cost of sales Gross margin Work in progress .
You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity? Note: There are 3 correct answers to this question. Statistical overhead order Sales order item Cost center General ledger account Network .
Which field can you stied for both reporting in costing based and account e based Profitability Analysis? Cost element Value In Controlling Area Currency Record type Version .
You want to understand why costs are collected on sales order item level What do you need to check in the configuration? Note: There are 3 correct answers to this question. Costing type Requirement type Account assignment category Requirements class Valuation variant .
What do you need to set up in order to bring the values from the incoming sales orders into account-based Profitability Analysis? An extension ledger of type “Prediction and Commitment” A new standard GIL ledger with exclusive usage for “Prediction” A multi-valuation ledger An extension ledger of type “Simulation” .
What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? Note: There are 2 correct answers to this question. It is possible to derive the profit center from the segment in the configuration. It can be used in the settlement rule for internal orders. It is integrated into the universal journal. It can be used with period and/or cost of sales accounting. .
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