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ERPS4CO

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Title of test:
ERPS4CO

Description:
ERPS4CO

Author:
DBK
(Other tests from this author)

Creation Date:
24/11/2021

Category:
Others

Number of questions: 80
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Content:
What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question Activity types Statistical key figures Cost element Cost centers.
Which parameters are controlled by the costing type in a costing variant? Note: There are 2 correct answers to this question Costing sheet Price updates Save with date key Price for materials.
You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use? Periodic reposting Direct activity allocation Assessment Distribution.
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. The type of the addressed ledger must be an extension ledger. Account-based Profitability Analysis must be active The type of the general ledger account must be primary cost/revenue or secondary cost. Costing-based Profitability Analysis must be active. .
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. Account assignment category Requirement type Costing type Valuation variant Requirements class.
For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles. Parallel accounting is needed in order to be compliant with different accounting principles.
Which receiver must be allowed in the settlement profile of a product cost collector? Order Material Cost center G/L Account.
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 overwritten in the application. It takes precedence over validation and substitution. It can be defined for postings on general ledger accounts of primary costs type It can be defined for postings on general ledger accounts of secondary costs type. .
In which module do you process profit center allocations in SAP S/4HANA? Product cost accounting Cost center accounting General ledger accounting Account-based profitability analysis.
To which object do you assign a costing sheet? Cost component structure Transfer control Costing variant Valuation variant.
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 results analysis Assignment of cost component to calculation base for overheads in costing sheet Relevance of cost component to inventory valuation Assignment of cost component to cost component group Relevance of cost component to goods manufactured.
Which setting in the cost center master data do you use to assign the same attributes to similar cost centers? Cost center type Standard hierarchy node Cost center category Object class.
In a standard system delivery, how many free characteristics can be added to an operating concern? 101–150 0–70 Over 150 71–100.
What are some of the characteristics of SAP Core Data Services (CDS) views? Note: There are 3 correct answers to this question CDS views have ready-to-use content. CDS views have no latency CDS views duplicate data for reporting efficiencies. CDS views are considered system modifications. CDS views support authorizations.
You have activated budget availability control against the overall value for an internal order and entered an overall budget of 10000. Actuals of 10000 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 purchase order was entered in a different year than the budget. The difference of 1000 is within the tolerance limits defined in the configuration. The cost element is exempted from budget availability control. The purchase order has NOT generated a budget document yet.
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. Revenues Order quantity Payment discount Sales deductions.
Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question. Internal order Cost center/activity type WBS element Business process.
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 define users for the order To activate the CO partner update To set the initial status as Created or Released To permit or forbid specific transactions.
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? Reporting on data in real time is difficult, and complex to design. Reporting on data is available in real-time at every level of detail Reporting analytical data is always done in a business warehouse system. Reporting can be either broad and deep for analysis, or speedy and simple, but not both. .
How does the system derive the requirement type from the material master data? Note: There are 2 correct answers to this question Strategy group -> planning strategy -> requirements class -> requirements type MRP group -> strategy group -> planning strategy -> requirements type Strategy group -> planning strategy -> requirements type MRP group requirements class -> 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.
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 the costs and revenues information in a format that is ideal for conducting margin analyses. It aims to summarize activity and situational change for a given organizational unit over a period of time. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.
How can you configure the transfer price solution in SAP S/4HANA? Note: There are 2 correct answers to this question. Use separate CO versions for each valuation. Use separate ledgers for each valuation. Use separate segments for each valuation Use separate currency types within the same ledger for each valuation.
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 "Simulation" A new standard G/L ledger with exclusive usage for "Prediction" A multi-valuation ledger An extension ledger of type "Prediction and Commitment".
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 Allow revenue postings. Define document type. Define source structure. .
You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments? As key figures As characteristics As value fields As divisions.
At which level do you define the valuation method for results analysis? Plant Company code Controlling area Operating concern.
You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements Allocation structure Settlement rule Credit component (of the costing sheet) Settlement profile.
You are creating a new activity type and want to maintain plan prices for a cost center. Which attributes must you configure in the activity type master record? Note: There are 3 correct answers to this question CO version Price indicator Valid cost center categories Activity type category Company code.
At what level do you create the structure of the operating concern? Company code level Client level Sales organization level Controlling area level.
What can you configure in the settlement profile? Note: There are 2 correct answers to this question Define a number range for settlement documents Determine whether settlement is required. Determine an overhead key. Define document management parameters.
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. You can enter costs and revenues. You can plan multiple versions. Availability control can check against plan values.
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 = Target costs - Delivery value - WIP Variances = Actual costs - Delivery value - WIP Variances = Actual costs - Delivery value Variances = Target costs - Delivery value.
In the Product Cost by Order process, what does the system calculate depending on the order status? WIP at target costs or variances Both WIP and variances or only variances WIP at actual costs or variances WIP at percentage of completion (PoC) method or variances.
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. .
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. Mark the cost estimate. Release the cost estimate. Archive the cost estimates. Split the costs.
You want to create cost centers for your company. What is the prerequisite to build an organizational structure for overhead cost controlling? Person responsible Profit center Cost center categories Standard hierarchy top node .
How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question. As lot-based surcharge As quantity-based surcharge As equivalence number As percentage rate .
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? Reference variant Costing type Transfer control Costing version.
You are running an indirect activity allocation. What do you post to the sender and receiver? You post both quantity and cost to the receiver, and cost only to the sender. You post only cost 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 sender, and cost only to the receiver.
For which objects can you enter statistical key figures? Note: There are 3 correct answers to this question. Cost centers Functional areas Profit centers Cost elements Internal orders .
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. General ledger account WBS element Profit center Sales order item Internal order.
Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question It is recommended for products with a long production time. 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.
What are some of the unique attributes of an assessment cycle in Controlling? Note: There are 2 correct answers to this question. They transfer only primary costs. They transfer primary and secondary costs They use the original cost element during transfer. They use a secondary cost element during transfer.
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 runs To store different budget data To store different plan data To store data of parallel valuation.
What can you do with statistical internal orders? Transfer posting to another internal order Simultaneously post to a cost center. Settle costs to a cost center Apply overhead rates to the internal order. .
Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question. It is used to analyze work in process (WIP) based on actual costs. It is used in conjunction with a product cost collector. It is used when the focus of controlling is on a stable and continuous production process. It is used when periodic costs outweigh daily postings. .
Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question Current cost estimate of all the materials in all controlling areas Standard cost estimate of all the materials in all plants of a controlling area Product cost collector cost estimate in one plant Inventory cost estimate of all the materials in one plant.
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 = 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; Revenue surplus = 200 Revenue = 1500; Cost of sales = 1000; Revenue surplus = 300 . 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.
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 run simple allocations of actual data To allocate costs using an allocation cycle.
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; Reserve = 200 Revenue = 1200; Cost of sales = 1000; WIP = 200 Revenue = 1200; Cost of sales = 800; WIP = 200 Revenue = 1200; Cost of sales = 800; Reserve = 200.
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 in object currency The availability of funds according to tolerance limits The availability of funds on period level The availability of funds using overall plan value.
What can you manage via the account assignment category? Note: There are 2 correct answers to this question. Costing variant Separate sales order stock Valuation of separate sales order stock Product cost by sales order .
Which type of Profitability Analysis updates the cost of goods sold at the time of delivery? Both account-based and costing-based Costing-based only Periodic accounting-based Account-based only.
You are considering using commitment management with internal orders. What do you need to do in the configuration? Activate commitment management in both the controlling area and the order type. Activate commitment management only in the controlling area Activate commitment management in both the version and the order type. Activate commitment management in the controlling area, the order type, and in individual internal order master data.
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.
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 integrated in the universal journal It is possible to derive the profit center from the segment in configuration It can be used with period and/or cost of sales accounting It can be used in the settlement rule for internal orders.
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 integrated in the universal journal It is possible to derive the profit center from the segment in configuration. It can be used with period and/or cost of sales accounting. It can be used in the settlement rule for internal orders.
How do you maintain number range intervals in Controlling? By account type By business transactions By document type By cost element category.
What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are 2 correct answers to this question Cost of goods sold split by cost components Value of conditions of the pricing procedure Production variances split by variance categories Value of "Gross Margin 2.
Which statement best describes a single cost center standard hierarchy? It is a structure to which all the cost centers within an operating concern are assigned It is a structure to which all cost center groups created for a controlling area are assigned It is a structure to which all cost center groups created within an operating concern are assigned It is a structure to which all the cost centers within a controlling area are assigned.
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 WBS element General ledger account Network Sales order item Asset.
Which processes split costs into their primary cost components? Note: There are 2 correct answers to this question. Business process price calculation Settlement of internal orders Cost center/activity type price calculation Execution of the assessment cycles.
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 uses core data services (CDS) views to create virtual data models (VDMs) for reporting. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analytics Tools for reporting.
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 sales order item is assigned to a project. The material in the sales order item is a service. The sales order item is a cost object. Profitability Analysis (CO-PA) is activated.
How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question. Only primary costs are captured in general ledger accounts. Primary and secondary costs are captured in general ledger accounts. Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts. All primary and secondary costs are captured by creating them as cost elements.
You want to prevent reporting extreme periodic cost fluctuations in your P&L statement. Which Management Accounting activity should you choose to help spread irregular expenses throughout the fiscal year Accrual calculation Periodic reposting Indirect activity allocation Budget availability control.
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis? By defining the characteristic value in the check table By defining the characteristic value in the field catalog By defining the characteristic value as a key figure By defining the characteristic value as a value field .
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.
How do you define the relationship between an operating concern and a controlling area? One-to-many (1:N) One-to-one (1:1) Many-to-one (N:1) Many-to-many (N:N).
Which of the following values can be calculated using results analysis? Note: There are 3 correct answers to this question. Cost of goods manufactured Gross margin Cost of sales Reserves for unrealized costs Work in progress.
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.
In the material master record there are three planned prices: "Planned price 1", "Planned price 2" and "Planned price 3". What do you use them for? To valuate the materials in cost estimates To valuate material stocks To update the standard price during the release of a standard cost estimate To valuate goods movement.
Which default values can you configure for the product cost collector? Note: There are 2 correct answers to this question. Costing variant for preliminary costing Variance variant Results Analysis (RA) key Results Analysis (RA) version.
You want to enable WIP calculation in Product Cost by Period. What do you need to configure? Valuation variant Settlement profile Variance variant Profitability Analysis (PA) transfer structure.
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 defining a usage key in the header of the routing By assigning a cost center to the work center in the operation By marking the Relevance to Costing indicator in the operation By marking the cost indicator in the control key assigned to the operation.
What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question. Allow the company to determine if the sales force achieved their contribution margin goals. Provide the company with information on the performance of its market segments. Allow the company to determine standard costs and revenues according to the period accounting method. Provide the company with a detailed view of its financial statements by areas of responsibilities.
Which field can you select for both reporting in costing-based and account-based Profitability Analysis? Cost element Value in Controlling Area Currency Version Record type.
You create a new profit center. Which company code(s) is it assigned to by default? All company codes within the controlling area All company codes maintained in your authorization profile All company codes where profit center accounting is activated All company codes to which the profit center standard hierarchy is assigned to.
You want to set up integrated planning for your internal orders. What do you need to do? Note: There are 2 correct answers to this question Set the relevant indicators in the CO version. Set the relevant indicator in the planning profile of the order type. Set the relevant indicator in the internal order master record. Set the relevant indicator in the controlling area. None.
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