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Financial Management 101
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Title of test:
Financial Management 101 Description: Financial Management Author: SAPPR Other tests from this author Creation Date: 10/06/2008 Category: Computers Number of questions: 75 |
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Is the highest reporting level for profitability and sales and marketing controlling, and the central organizational unit in Profitability Analysis (CO-PA) used to segment and structure the market. Cost Center Internal Orders Business Process Operating Concern Overhead Cost None. Are separate areas (within a controlling area) at which costs are incurred. You can create it according to a number of criteria including functional considerations, allocation criteria, activities provided, or according to their physical location and/or management... Cost Center Internal Orders Business Process Operating Concern Overhead Cost None. In a controlling area ... may contain more tha one company code and different operational chart of accounts. However the company codes assigned to a controlling area must use the same currency. may contain more than one company code. However the company codes assigned to a controlling area must all use the same currency and the same operational chart of accounts. may contain more than one company code and these company code con include more than one currency. However, the company codes assigned to a controlling area must all use the same operational chart of account. none. The fiscal year variant of a controlling area and company code can have different number of special periods. They must, however, have the same number of posting periods. in a structure in which the financial accounting ad cost accounting are identical and the controlling area is the same as the company code in a structure in which you can perform cross-company code cost accounting and you can allocate cost in CO to more than one company None. Which module represents the internal accounting entity, because provides information for managers and is not restricted by legal requirements. Controlling Financial Tressury None. Can you allocate cost outside the controlling areas? True False. Are used to plan, collect, and analyze the cost arising from internal activities Internal Orders None Overhead Cost Business Process Activity Types Cost Center. The fiscal year variant of a controlling area and company code can have different number of special peridos. They must however, have the same number of posting periods. Furthermore, the period limits of the fiscal year variants must be identical in a structure in which the financial accounting and cost accountig are identical and the controlling area is the same as the company code in a structure in which you can perform cross-company code cost accounting and you can allocate cost in CO to more than one company None. Are those that cannot be directly assinged to the manufacture of a product, or the provision of a particular service. Business Process Activity Type Overhead cost None Internal Orders Cost Center. In practice you may inadvertently forget to assign a particular object to a profit center. If costs or sales are posted to this object, the corresponding data is posted to the ... Dummy Cost Element Dummy Profit Center Dummy Cost Center None All. You create an overhead structure to define the accrual calculation. You need to store the following keys for the accrual calculation Base, Overhead, Credit Base, Ovehead, Cost Element Credit, Overhead, Cost Element None All. In a structure in which the financial accounting and cost accounting are identical and the controlling area is the same as the company code. You can use the following tree currencies: Company Code Currency Transaction Currency Controlling Area Currency Object Currency None. In a structure in which allocate costs in CO to more than one company code where you can perform cross-company code cost accounting. You can use the following tree currencies: Company Code Currency Transaction Currency Controlling Area Currency Object Currency None. They represent closed units that are used to calculate costs Controlling areas Company codes Business areas Plants None All. About a Dummy Profit Center are true... ..ensures that reconciliation between EC-PCA and Financial Accounting is possible. ..you can discover missing assignments. Is particularly useful when you need to adapt existing data to a change in circumstances A special transaction is available in Customizing for creating the dummy profit center None All. Which of the followings statements are correct about standard hierarchy The name of the standard hierarchy is defined when you create the controlling area The standard hierarchy is a structure to which all cost centers within the controlling area must be assigned. These are usually the same as the internal functional areas depicted in your company's organization chart. None All Is a cost center group alternative. internal orders can be used for Monitor internal actions settled to cost centers (overhead cost orders) Monitor internal actions settled to fixed assets (investment orders) Offset postings of accrued costs calculated in CO (accrual orders) Display cost accounting sections of Sales & Distribution sales orders and revenues that are not part of the company's core business (orders with revenues) Monitor internal actions in assesment cycles (overhead cost orders) None All. The costing run in product cost planning (mass processing) can be used to standard cost estimate of all the mass material in one plan standard cost estimate of all the material in all plans monthly modified standard cost estimate of all materials current cost estimate of all materials of a product group current cost estimate of a highly complex product structure marketing and releasing standard cost estimate of some material in diferent plants standard cost estimate of user defined in a lot-size at the moment of the execution none all. The posting in the profit center accounting can be generated through Billing Document Invoice Receipt Good Movements Direct Posting from FI Other P&L Account Primary Cost element Secondary Cost Element None All. Which one of the following fields it is possible to find in the master data of the profit center Validity Period Company Code Assignment Address / Comunication Data Profit Center Group Lock indicator Primary Cost Element Consolidation indicator Mass Maintenance Indicator None All. What are the currency types that can be chosen as profit center currency The controlling area currency (20) The group currency (30) Special Profit Center Currency (90) Local Profit Hard Currency (100) The controlling soft currency (40) None All. What the master data are mangements in CO? Statistical Key Figures Activity types Cost Elements Internal Orders General Ledger Accounts. About the dummy profit center are correct: It is used in general ledger posting where the profit center is not informed In its master data it has given a button that identifies as dummy profit center It is used in CO postings as a default profit center in the system when it is not found an CO Object in the profit center You can use more than one dummy profit center by controlling area None. Which of the following statements about account assignment tools are correct? Automatic account assignment is enterednin the cost element master record You enter automatic account assignment in customizing Automatic account assignment takes priority for the default account assignment Default account assginment is entered at the company code level None. Which of the following statements about dummy profit center are correct? The dummy profit center is the pre-defined profit center that receives the posting when you forget to assign a particular account assignment object A special transaction is available in customizing for creationg the dummy profit center The dummy profit center must be used to temporary allocations The dummy profit center is used in all Fi posting as soon standard profit center in the system None. What is the organizational unit that represetns a closed unit that is used to calculate cost Company code Controlling area Plant Operating concern None. Which of the following statements about statistical key figures are correct Statistical key figures only can be total value You can use both statistical key figures for a tracing factor for periodic allocations, such as assesment or distribution Statistical key figures only can fix the value you can transfer statistical key figures from the logististical information system LIS None . In the assesment cycles, the receiver tracing factor can be defined as Fixed amount Fixed percentage Fixed portions Variable Portions None. Which of the following statements about cost center category are correct? Cost center category define lock indicator and the allowed values for this category are proposed as default values for this cost center You can not define new cost centes categories You can define new cost centes categories or use cost center categories delivered by SAP You can allow particular activity type only for particular cost centers None. Which of the following statements about planning layouts are correct Can not be created new planning layouts Can be created new planning layouts You can use report painter/report writer to define new planning layouts All previous None. A user want to allocate posted primary cost from one cost center to another, what kind of tools he can use? Settlement Distribution Reconcilliation Assesment Periodic Reposting None. Check the alternatives where internal orders can be used Controlling the cost of the party of end of year Controlling the cost of storage capacity Controling offset posting of accrued cost calculated Controlling the cost of maintenance None. Among other things the order type controlls budgeting profile planning profile settlement profile costing sheet status management None. About the user status, is correct is mandatory internal order is defined in settlement profile allow operations are locked is defined in order type is has priority over the system status. What is a budget? It is a cost structure allocated to internal orders or to orders groups It is a planning type where is necessary to record cost and service run out of the company It is a cost planning release in the version 0 none. Check the alternatives correct You use the real order to collect cost and allocate them later to different recipients When you create a real order, you must assign the order to a company code You can settle statistical order it is possible to assign a cost center that will be posted actual records in the master data of statistical order None. In the overhead costing sheet it is posible to set the overhead percentage by plant overhead key profit center order type company code None. What is a internal order A document that is part of the track costo s in a controlling area Only a tool that aims to track cost in a controlling area A tool of CO extremely flexible that can be used for varios purposes to track costs and revenies in a controlling area None All. The valuation variant is used in the reference, and the simulation costing is a parameter of configuration which is entered the valuation for materials activities external processing subcontracting overhead cost thruth the costing sheet None. Which of the following statements about reposting line items are correct Reposting line items create CO Documents, which, un like event-based reposting of cost, always contain reference to the FI document Reposting line items create CO Documents, which, un like event-based reposting of cost, but not contain reference to the FI document The system allow reverse the original document in FI, if you have already carry out a line item in CO This function is designed to enable you correct only primary posting that you assign to the wrong account None. What are the requirement that must be set for all company codes in FI to assign the same controlling area in CO. Must use the same operational chart of account Must use the same local currency Must have the same number of posting periods Must have the same number of posting periods and the special periods All the previous. Complete the sentence: when hold a posting in a real order and cost center The order and cost center recevie for real posting and the profit center receive for statistical posting The system sends an error message, as were informed two objects in a single real posting The order and the profit center receive for the statistical posting and the cost center receive for reap posting The order receive for real posting, and the cost center and profit center, receive for statistical posting none of the above. In the period-end closing which of the following parameters below, allow to create overhead rates in terms of consumption source structure settlement profile PA transfer structure costing sheet allocation structure. Internal order can be assigned to a profit center, so when posting a cost in the internal order it is posted to in the same profit center TRUE FALSE. The overhead costing sheet in the sap is assigned in the costing type the quantity structure the referent variant none . During the fiscal year, when create a new cost estimate for a finished good, you don not want the system to calculate a new cost for any subordinated material that already has a realeased cost estimate. What do you use to acomplished this requirement. Costing sheet Costing variant Valuation variant Transfer control Reference Variant None. Which one of the following fields it is possible to find in the master data of the profit center Asset Number Hierarchy area (profit center group) Analisys Period Lock Indicator Company code assignment None. About the versions in CO, are correct The actual values are posted only in the version 0 The actual values are posted only in the version 1 The actual and planned values are posted in version 0 All the previuos None. What are the currencies types that can be chosen as profit center currency Hard currency Index Currency Controlling area currency Profit center local currency Group Currency. About the controlling area in CO is correct The controlling area in CO is an organizational unit that may contain more than one company code and these company codes may inlcude more than one currency if necesarry The controlling area in CO is an organizational unit that must contain one company code and this company can not include more than one currency if necesarry The controlling area in CO is a planning unit that may contain some company codes and these company codes must use diferent operational chart of accounts None. Secondary cost elements are Accounts defined in financial accounting and in controlling Cost element defined only in CO and they are used to record internal value flow like activity allocations, assesment and settlement Cost Objects Cost element defined only in FI and do not have corresponding in CO and they are used to record internal value flow in cost object. What are the procedures that can be used to create a commitment You can generate a commitment manually by entering a fund commitment in CO A commitment is recorded automatically when you assign an overhead order to a purchase requisition or purchase order line item Manual administration of commitment in purchase order Administration by availability control None. In the settlement, the cost can be allocated to the receivers base on the following Statistical Key Figure Percentage Fixed Amount Equivalnce number Quantity of Activity. Which of the following parameters below, allow transactions to be locked in a internal order Source structure Settlement profile PA Transfer structure Status profile Allocation structure. About the overhead cost sheet, complete the sentence: "The calculation base " allow you to define the amount of overhead to be applied within the overhead costs" specifies the cost element base to which overhead is applied, such as the materials cost elements" defines which object (cost center or internal order) is credited to offset the debit to you overhead order" None. What are the transaction budget updates? Current Budget, Cost of budget, update budget Update Budget, approved budget, current budget Original Budget, supplements budget, returns budget None. In the settlement cost, which of the following parameters below, allows to transfer the costs to value field? source structure settlemente profile PA transfer structure costing sheet allocation structure. The allocation process costs to a product cost planning by: Asessment Distributions Templates Indirect activity allocations None. The BOM and Routing can be used in Reference and simulation costing Easy costing planning Material cost estimate with quantity structure None. Check what are the relevant fields in the Routing to costing run Usage Routing status Relevancy to costing Validity period Lot-size range None. In the product cost it is not posible to include additive costs True False. Which of the following statements about assesments are correct The assesment not lose their identity with primary costs During assesment, the original cost elements are grouped together into secondary cost element category 42 Assessment was created to transfer only primary cost The assessment can be run with actual or plan records none . Which of the following statements about account assignment logic are correct Revenue posting cab be recorded as actual values in cost centers Statistical posting are only used for information purposes Cost centers allow statistical posting You always make statistical posting to the profit center None. In transaction planning it can be used distribution key 7, and Distribute the values according to the number of day in periods Distribute the values equal in period Distribute the values manually all none. The availability control is: Master data review Check of the plan Budget Control Is a Master data None. What are the steps to stock revaluation through the product cost planning Revaluation and marking Situation and marking Marking and release Marking, revaluation and release None. Check what are the information of the work center relevant to costing Performance efficiency rate Standard time of operation Formula Key Cost Center Standard value key None. When you create a cost estimate, it is always link to a costing variant with all the information required to execute a material cost estimate, for example Materials Activities External Processing Subcontracting Overhead cost though the costing sheet None. When you execute a material cost estimate, the allocating process cost to a product through of two keys, what are they? Overhead group and costing sheet Overhead key and overhead group Costing sheet and overhead key Costing sheet and origin group None. About planning version. Which of the followings are correct The sap system automatically creates version 0 when you create a controlling area You can define another version to another planning scenarios The actual values are posted automatically in the version 0 None. Why do you use the available control To identify when an user is exceding the budget To determine if new budget is necessary To lock the transactions that can be exceed the assgined budget To send an e-mail if the assigned budget is exceed None. The material cost estimate without quantity structure can be used To plan raw material, internal and external activities for a specific product To plan cost, where the BOM and Routing may be created in PP modlule for calculating You can use the material cost estimate without quatity structure to manually plan the cost of goods manufactured and the cost of goods sold for the product without reference in a BOM and routing created in PP pr PI To plan cost of the producto without master record in MM module None. The product cost planning allows run and sabe the results in the material master field Move average price Standard price Planned price 3 All fields None. In the settlement cost, which of the following parameters below, allows will be define the valid receiver Source Structure Settlement profile PA transfer structure Costing Sheet Allocation Structure None. The rule of the subcontracting and external processing costing are store in Costing variant valuacion variant reference variant costing sheet None. |