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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: 40
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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.
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