Organizational Assessments and Process Integration 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 or parallel valuation To store different budget data To store data of alternative plan costing runs To store different plan data.
Cost Center Accounting How do you maintain intervals/ranges in Controlling? By Business transactions By posting key By company code By document type.
Cost Object Controlling 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 Variances=Target costs-Delivery value-WIP Variances=Actual costs-Delivery value-WIP Variances=Actual costs-Delivery value.
Profit Center Accounting You post a billing document for a sales order with sales order controlling. What data flows to Profit Center Accounting? Note: There 2 correct answers to this question. Sales deductions Payment discount Order quantity Revenues.
Cost Object Controlling Which default values can you configure for the product cost collector? Note: There are 2 correct answers to this question. Results Analysis (RA) key Results Analysis (RA) version Variance variant Costing variant for preliminary costing.
Profitability Analysis How does SAP S/4Hana determine if a characteristic value is valid in profitability Analysis. By defining the characteristic value in the field catalog By defining the characteristic value as a value field By defining the characteristic value in the check table By defining the characteristic value as a key figure.
Cost Object Controlling 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; Capitalized revenue (revenue in excess of billings)=200 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.
Cost Center Accounting 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 is grouped together with alternative hierarchies to represent decision control and responsibility units. It is a structure to which all the cost centers within a controlling area are assigned. It enables you to assign the same attributes to similar cost centers whitin a controlling area.
Product Cost Planning Which functionalities can create primary cost component splits? Note: There are 2 correct answers to this question. Settlement of internal orders. Cost center/activity type price calculation Execution of the assessment cycles Business processes price calculation.
Profit Center Accounting What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? Note: There are 2 correct answers to this question. It can be used with period and/or cost of sales accounting. It is possible to derive the profit center from the segment in configuration. It can be used in the settlement rule for internal orders. It is integrated in the universal journal.
Cost Object Controlling 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. Requirements class Account assignment category Costing type Requirement type Valuation variant.
Product Cost Planning In the material master record there are three planned prices. What do you use them for? To update the standard prie during the release of a standard cost estimate. To valuate the materials in cost estimates To valuate goods movement To valuate material stocks.
Cost Object Controlling 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=Actual costs-Delivery value Variances=Actual costs-Delivery value Variances=Target costs-Delivery value-WIP.
Internal Orders 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. Network Sales order item WBS Element General ledger account Asset.
Cost Object Controlling You want to enable WIP calculation in Product Cost by Period. What do you need to configure? Profitability Analysis (PA) transfer structure. Valuation variant Settlement profile. Variance variant.
Internal Orders You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements? Template Settlement rule Allocation Structure Settlement profile.
Cost Object Controlling Which receiver must be allowed in the settlement profile of a product cost collector? Business process Order Cost center
Material.
Cost Object Controlling Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question. It is used when the focus of controlling is on a stable and continuous production process. It is used to analyze work in progress based on actual costs. It is used for a joint productions with process order. It is used in conjunction with a product cost collector.
Cost Object Controlling 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 used when full cost traceability is needed. It is recommended for products with a long production time. It is used when controlling by individual production lots or discrete quantities is needed.
Profitability Analysis At what level do you create the structure of the operating concern? Client level Controlling area level Sales organization level Company code level.
Profitability Analysis In a standard system delivery, how many free characteristics can be added to an operating concern? Over 150 0-70 71-100 101-150.
Cost Object Controlling 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. Profitability Analysis (CO-PA) is activated. The sales order item is a cost object. The material in the sales order item is a service. The sales order item is assigned to a project.
Internal Orders 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 Set up work lists Define document type Allow revenue postings.
Internal Orders What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question Availability control can check against plan values You can plan multiple versions You can define tolerance limits for the plan overspend You can enter cost and revenues.
Reporting Which statement best describes the Query Browser for reporting? 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. It is the frontend used to define reports in Analysis for Office It is a desktop browser that integrates with SAP S/4HANA.
Cost Center Accounting You are setting up direct 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 Network Cost center General ledger account.
Product Cost Planning Which scenarios can be covered by the costing run? Note: There are 2 correct answers to this question. Standard cost estimate of all materials in all plants of controlling area Inventory cost estimate of all the materials in one plant. Current cost estimate of all materials in all controlling areas. Product cost collector cost estimate in one plant.
Profitability Analysis 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 aims to summarize 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 a conducting margin analysis. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.
Profitability Analysis You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments? As value fields As characteristics As divisions As key figures.
Reporting 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 duplicate data for reporting efficiencies CDS views are considered system modifications CDS views support authorizations CDS views have no latency.
Profitability Analysis How does SAP S/4 Hana select line-item-based data for costig-based Profitability Analysis reports? It selects actual data from table CE2XXXX and plan data from table CE3XXXX. It selects actual data from table ACDOCA and plan data from table ACDOCP. 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.
Cost Center Accounting How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question. Primary and secondary costs are captured in general ledger accounts. All primary and secondary costs are captured by creating them as cost elements Only primary costs are captured in general ledger accounts. Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts.
Reporting 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 cost types It can be defined for postings on general ledger accounts of secondary cost types.
Product Cost Planning 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 equivalence number As percentage rate As lot-based surcharge.
Product Cost Planning Which parametrs are controlled by the costing type in a costing variant? Note: There are 2 correcto answers to this question. Price for materials Save with data key Price updates Costing sheet.
Profitability Analysis How do you define the relationship between an operating concern and controlling area? One-to-one (1:1) Many-to-one (N:1) One-to-many (1:N) Many-to-many (N:N).
Profitability Analysis 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? Cycle iteration Sender cost objects Tracing factor Template.
Product Cost Planning To which object do you assign a costing sheet? Costing variant Valuation variant Cost component structure Transfer control.
Cost Center Accounting 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 Distribution Indirect activity allocation Assessment.
Profit Center Accounting You post a billing document for a sales order with sales order controlling. What data flows to Profit Center Accounting? Note: There 2 correct answers to this question. Payment discount Sales deductions Order quantity Revenues.
Profitability Analysis 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 Cost of goods sold split by cost components Value of conditions of pricing procedure Value of "Gross margin 2".
Internal Orders What can you do with statical internal orders? Simultaneously post to a cost center. Settle costs to a cost center. Apply overhead rates to the internal order. Transfer posting to another internal order.
Cost Object Controlling In SAP S/4HANA you have decided to activate only account-based profitability analysis for your organization. You want to settle costs and reneveue of a sales order item to a profitability segment. What dou you need to configure? Allocation structure PA transfer structure Cost component structure Source structure.
Reporting How can you populate local variables in Profitability Analysis reports? By populating from users parameters By user entry during report execution By Business Add-in By user exit.
Cost Object Controlling In the product Cost by Order component, what does the system calculate depending on the order status? WIP at actual costs or variances WIP at target costs or variances Both WIP and variances or only variances WIP at planned costs or variances.
Internal Orders You are considering using commitment management with internal orders. What do you need to do in the configuration? Activate commitment management only in the controlling area Activate commitment management in both the controlling area and the order type. Activate commitment management only in the order type Activate commitment management in both the company code and the order type.
Product Costing Planning 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 Assigment of cost component to calculation base for overheads in costing sheet Relevance of cost component to results analysis Relevance of cost component to goods manufactured Assignment of cost component to cost component group.
Cost Object Controlling Ypu have implemented Producto 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; WIP=200 Revenue=1200; Cost of sales=800; Reserve=200 Revenue=1200; Cost of sales=1000; Reserve=200 Revenue=1200; Cost of sales=800; WIP=200.
Cost Center Accounting You want to prevent periodic cost fluctuations. Which activity should you choose to distribute irregular expenses to the relevant periods? Accrual calculation Cost splitting Periodic reposting Variance calculation.
Cost Center Accounting You want to create cost centers for your company. What is the prerequisite to building an organizational structure for overhead cost controlling? Standard Hierarchy top node Cost center type Functional area Cost center categories.
Cost Center Accounting 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 use a secondary cost element during transfer They use the original cost element during transfer They transfer primary and secondary costs.
Product Cost Planning Which of the following objects can be selected in templates for a activit-based costing? Note: There are 2 correct answers to this question Business process WBS Element Internal Order Cost center/activity type.
Reporting Which field can you select for both reporting in costing-based and account-based Profitability Analysis? Version Cost element Value in Controlling Area Currency Record type.
Profitability Analysis What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question. Provide the company with a detailed view of its financial statements by areas of responsabilities. Allow the company to determine of the sales force achieved thei contribution margin goals Allow the company to determine standard costs and revenues according to the period acounting method. Provide the company with information on the performance of its market segments.
Product Cost Planning 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 Archive the cost estimates. Split the costs. Mark the cost estimate.
Internal Orders What can you configure in the settlement profile? Note: There are 2 correct answers to this question. Define a number range of settlement documents. Determine an overhead key Determine whether settlement is required. Define document management parameters.
Organizational Assignments And Process Integration 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 Accounting is needed in order to be compliant with different accounting principles. 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.
Cost Center Accounting Which attributes can you configure in the activity type of master record? Note: There are 3 correct answers to this question. Valid cost center categories Company code Activity type category CO version Price indicator.
Profitability Analysis What do you need to set up in order to bring the values from the incoming sales orders into accounting-based Profitability Analysis? A multi-valuation ledger An extension ledger of type "Simulation" An extension ledger of type "Prediction and Commitment" A new standard G/L ledger with exclusive usage for "Prediction".
Cost Object Controlling 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.
Product Cost Planning 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? Transfer control Reference variant Costing version Costing type.
Organizational Assignments and Process Integration How can you configure the transfer price solution in SAP S/4HANA? Note: There are 2 correct answers to this question. Use separate accounts for each valuation Use separate currency types within the same ledger for each valuation Use separate segments for each valuation. Use separate ledgers for each valuation.
Profitability Analysis Which type of Profitability Analysis updates the cost of goods sold at the time of delivery? Both account-based and costing-based Periodic accounting-based Costing-based only Account-based only.
Organizational Assignments and Process Integration 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 to 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 cost elements is exempted from budget availability control The purchase order was entered in a different year than the budget. The purchase order has NOT generated a budget document yet.
Organizational Assignments and Process Integration Which of the following values can be calculated using results analysis? Note. There are 3 correct answers to this question. Gross margin Cost of sales Cost of goods manufactured Work in progress Reserves for unrealized costs.
Organizational Assignments and Process Integration 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 indicator in the controlling area. Set the relevant indicator in the internal order master record. Set the relevant indicators in the CO version. Set the relevant indicators in the planning profile of the order type.
Cost Center Accounting Which objects can statistical key figures be applied to? Note: There are 2 correct answers to this question. Functional areas Profit Centers Cost centers General ledger accounts.
Profitability Analysis What do you need to set up in order to bring the values from the incoming sales orders into accounting-based Profitability Analysis? A new standard G/L ledger with exclusive usage for "Prediction" A multi-valuation ledger An extension ledger of type "Simulation" An extension ledger of type "Prediction and Commitment".
Profitability Analysis 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. Account-based Profitability Analysis must be active. The type od the general ledger account must be primary cost/revenue or secondary cost The type of the addressed ledger must be an extension ledger.
Internal Orders 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 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 To define the user status.
Organizational Assignments And Process Integration For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Parallel Accounting is needed in order to be compliant with different accounting principles. 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.
Organizational Assignments and Process Integration 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 for this question. The avaliability of funds according to tolerance limits The availability of funds on period level The availability of funds in object currency The availability of funds using overall plan value.
Profit Center Accounting When you create a profit center, what company code(s) is it assigned to by default? All company codes where profit center is activated All company codes irrespective of controlling area All company codes within the operating concern All company codes within the controlling area.
Product Cost Planning 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 marking the cost indicator in the control key assigned to the operation By assigning a cost center to the work center in the operation. By marking the Relevance to costing indicator in the operation.
Cost Center Accounting Why would you use manual cost allocation in Controlling? Note: There are 2 correct answers to this question. To allocate costs using an allocation cycle. To correct secondary postings. To run a simple allocations of plan data To run a simple allocations of actual data.
Cost Center Accounting You are running an indirect activity allocation. What do you post to the sender and 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 post both quantity and cost to the sender, and cost only to the receiver.
Product Cost Planning You want to use a template to consider overhead during product costing. How do you assign the template to your material? Using and overhead group and an overhead key Using an origin group and an overhead group Using a special procurement type and an overhead group. Using a profit center and an overhead key.
Profitability Analysis 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. Costing-based profitability Analysis must be active. Account-based Profitability Analysis must be active. The type od the general ledger account must be primary cost/revenue or secondary cost.
Reporting Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question. 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 It is hosted on the SAP Cloud Platform and integrates seamlessly with SAP S/4Hana on the Fiori Launchpad. It is part of the core SAP S/4 Hana license and uses the same technical stack and user interface.
Cost Center Accounting 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 centers Cost element.
Cost Object Controlling What can you manage via the account assignment category? Note: There are 2 correcr answers to this question. Separate sales order stock Costing variant Product cost by sales order Valuated sales order stock.
Profit Center Accounting In which module do you process profit center allocations in SAP S/4HANA? Cost center accounting Account-based profitability analysis Product cost accounting General ledger accounting.
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