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ERASED TEST, YOU MAY BE INTERESTED ONSAP CO cost&profit center&main

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Title of test:
SAP CO cost&profit center&main

Description:
SAP CO cost&profit center&main 69 qwestion

Author:
AVATAR

Creation Date:
27/04/2021

Category:
Others

Number of questions: 71
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Content:
Which customizing activity do you perform in overhead cost controlling? Define company centers categories Create value fields Maintain costing variant parameters Define cost center categories.
You configured an overhead costing sheet that uses the quantity-based overhead approach to calculate the overhead amount. What is required for the amount to be calculated? Settlement rules with valid receiver objects Statistically figures with values for the period Activity types with actual or plan quantities maintained Cost accounts with the option to record quantity.
What tasks are performed by the system during activity allocation? There are TWO correct answers The allocation amount is calculated based on the quantity and price of the activity The cost element is derived from the master data for the activity type The sender cost object is debited and the receiver cost object is credited A primary costs G/L account is used for debiting and crediting.
What do you use to map the primary cost component split to the production cost component structure?   Assignment scheme Cost Component groups Transfer structure Allocation structure.
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 Assessment Indirect activity allocation Distribution.
What can you do with statistical internal orders? Transfer posting to another internal order. Apply overhead rates to the internal order. Settle costs to a cost center. Simultaneously post to a cost center.
What is the difference when you perform repost line items (TA: KB61) compared to manual reposting of costs (KB11n) for a cost center? There are TWO correct answers for this question Response: There is the option to assign the line item to several receiver objects The line item values are validated against the original document The line item needs a reference to an FI document The report of the line item is updated in the original F1 document.
Which main elements do you configure for the overhead costing sheet? There are TREE correct answeres Allocation structure Calculation base Overhead rate Revaluation rate Credit key.
Which activities can you perform while you create cost center hierarchies? There are 2 correct answers to this question. Response: Reassign a cost center to another node of the standard hierarchy. Assign a standard hierarchy to several controlling areas. Append nodes and cost centers to a node of the standard hierarchy. Create a cost center without specifying a standard hierarchy.
You want to configure different cost centers in your company. Which setting in the cost center master data will you use to assign the same attributes to similar cost centers? Please choose the 1 correct answer. Response: Cost center type Cost center category Activity type Functional area.
When do you use an assessment instead of a distribution? There are 2 correct answers When you need the option to reverse the cycle as often as required When you want to view the original cost elements on the receiver When you want to consolidate allocated expenses When you need to transfer secondary costs.
How can you define the overhead rate in a costing sheet? There are 2 correct answers As equivalence number As lot-based surcharge As percentage rate As quantity-based surcharge.
You want to create cost centers for your company. What is the prerequisite to building an organizational structure for overhead cost controlling? Please choose the correct answer. Response: Cost center categories Standard hierarchy top node Cost center types Functional area.
You post an expense line in an accounting document and enter an internal order and a cost center as the account assignments. After posting, the system allows you to settle the posted values from the internal order. Which settings do the cost center and internal order have? Statistical internal order Real cost center Real internal order Real cost center Real internal order Statistical cost center Statistical internal order Statistical cost center.
Which objects can you plan in cost center accounting? There are THREE correct answers for this question Response: Balance sheet accounts Non-operating expense accounts Statistical key figures Secondary cost accounts Activity prices.
Which cost estimates must you reuse with the transfer control functionality? Cost estimates with same cost component structure Cost estimates within the same plant Cost estimates with quantity structure Cost estimates across company codes.
What is the default option for planning profit center values in SAP S/4HANA? Management accounting planning Financial accounting planning Profitability analysis planning Business planning and consolidation.
What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? There are 2 correct answers t is integrated in the universal journal. 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 can be used with period and/or cost of sales accounting.
Which component provides insight into the effectiveness and results for areas of responsibility within the enterprise? Response: Results analysis Revenue accounting and reporting Profit center accounting Profitability analysis.
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 accounting is needed in order to be compliant with different accounting principles. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.
In an SAP S/4HANA system, you have two profit centers with the same profit center code and the same validity period, but different names. What does this indicate about the configuration of the profit centers? Response: They are assigned to different functional areas They are assigned to different segments They are defined in separate controlling areas They are defined in separate company codes.
Your customer uses account-based CO-PA. Which sales documents create an account-based CO-PA line item for each standard ledger in the universal journal table in SAP S/4HANA 1809? There are TWO correct answers for this question Response: Goods receipt Sales order Billing Goods issue.
When you create a profit center, what company code(s) is it assigned to by default? All company codes within the controlling area All company codes, irrespective of controlling area All company codes where profit center is activated All company codes within the operating concern.
On which organizational level do you maintain profit center accounting in SAP S/4HANA? Company code Financial statement version Operating concern Controlling area.
In your company, you tend to go through many reorganizations leading to extra master data maintenance work. Which grouping functionality can save you time maintaining profit center groups? Configuring derivation rules Defining flexible hierarchies Creating multi-dimension sets Copying groups with suffix.
Which key performance indicators (KPIs) does profit center accounting help you report? There are TWO correct answers Profit contribution of a department Return on capital expenditure investment Impact on sales of a marketing activity Contribution of new customers to gross revenue.
What values flow from Sales and Distribution billing to costing-based Profitability Analysis? There are TWO correct answers Accrued production overhead Sales deductions Revenue Maintenance overhead costs.
For which objects can you revaluate activities and business processes at actual prices? There are THREE correct answers Work centers Work breakdown structure elements Profit centers Profitability segments Cost centers.
You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting? There are THREE correct answers Sales deductions Order quantity Accruals Payment discount Revenues.
On which document in the sales process is the profit center initially entered? Service contract Goods issue Sales inquiry Sales order.
Which Customizing for Document Splitting settings do you maintain to ensure that financial statements can always be produced separately for each profit center? Response: Standard account assignment Dummy profit center nheritance Zero-balance.
You are posting a purchase order for a warehouse material. From which object is the profit center derived? Response: Material master Cost center Plant Business partner.
You are using availability control in your SAP S/4HANA system. Which documents can cause the system to raise a warning message when the budget was exceeded? There are TWO correct answers for this question Response: Goods issue from order Incoming invoice Outgoing payment Purchase requisition.
What do you get if you mark a standard price cost estimate? There are TWO correct answers for this question Response: A cost-based CO-PA document for material revaluation A future standard price A new status in the cost estimate An accounting document for material ledger.
How can you configure the transfer price solution in SAP S/4HANA? There are 2 correct answers to this question. Response: Use separate accounts 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.
A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit? Response: Operating concern Client Controlling area Plant .
You want to set up integrated planning for your internal orders. What do you need to do? There are TWO correct answers Set the relevant indicator in the planning profile of the order type. 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.
When you create a planning layout, which objects can you use to define the data columns? There are THREE correct answers Value fields Distribution key Summarization level Formulas Characteristics.
How do you maintain number intervals/ranges in Controlling? By company code By business transactions By posting key By document type.
You need to assign a company code to a controlling area. Which settings must be identical for both organizational objects? There are TWO correct answers Fiscal year variant Operational Posting period Currency Operational Chart of accounts.
  You want to create alternative plan versions for your controlling area, in addition to version 000. What would you use additional CO versions for? There are TWO correct answers To store actual-plan variance To store different plan data To store different budget data To store parallel valuation.
Which objects are predefined characteristics in SAP S/4HANA? There are THREE correct answers Company code Plant Product category Region Controlling area.
How do you maintain number intervals/ranges in Controlling? By company code By business transactions By posting key   By document type.
You need to assign a company code to a controlling area. Which settings must be identical for both organizational objects? There are TWO correct answers Fiscal year variant Operational Posting period Currency Operational Chart of accounts.
You want to create alternative plan versions for your controlling area, in addition to version 000. What would you use additional CO versions for? There are TWO correct answers To store actual-plan variance To store different plan data o store different budget data To store parallel valuation.
36)  What are some of the characteristics of SAP Core Data Services (CDS) views? There are FOUR correct answers CDS views have no latency `CDS views have ready-to-use content. CDS views are considered system modifications. CDS views duplicate data for reporting efficiencies. CDS views support authorizations.
Where can you adjust the automatic account assignment? There are TWO correct answers Default account assignment (TA: OKB9) Substitution (TA: GGB1) G/L account (TA: FS00) Cost center (TA: KS01).
Which attributes can you configure in the activity type master record? There are THREE correct answers Company code Activity type category Valid cost center categories CO version Price indicator.
At what level do you create the structure of the operating concern? Please choose the correct answer. Response: Controlling area level Client level Company code level Sales organization level.
  Which characteristic controls the eligible cost element categories for G/L accounts in SAP S/4HANA? Account group Field status group Account type Account currency.
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? There are TWO correct answers It takes precedence over validation and substitution.   It can be overwritten in the application. It can be defined for postings on general ledger accounts of secondary costs type. It can be defined for postings on general ledger accounts of primary costs type.
Which management accounting currencies can you use for evaluation when you use cross-companycode cost accounting? There are THREE correct answers Reference currency Company code currency Object currency Controlling area currency Transaction currency.
You want to settle primary cost elements and secondary cost elements to different receivers. What do you use? Source structure Allocation structure Overhead structure PA transfer structure.
Which costs exist in SAP S/4HANA? There are TWO correct answers Primary costs with G/L account Primary costs without G/L account Secondary costs without G/L account Secondary costs with G/L account.
What can you manage via the account assignment category? There are 2 correct answers to this question. Response: Separate sales order stock Costing variant Product cost by sales order Valuated sales order stock.
  You enter the actual activity quality for work and vacation in the cross-application time sheet. Which options can you choose in the master data of the activity type to ensure the quantities and values are posted in Management Accounting? There are TWO correct answers for this question Indirect determination, indirect allocation Manual entry, indirect allocation Manual entry, no allocation Manual entry, manual allocation.
You perform a settlement with a primary cost account which is different from the cost account you used to post the original expense. Which object is a valid receiver for the settlement? WBS element Cost center Fixed asset  Internal order.
56)  What is the highest reporting level in management accounting? Company code Operating concern Profit center Controlling area.
57)  Which statement best describes the Query Browser for reporting? It is a design studio app that comes as standard SAP Fiori content. It is a desktop browser that integrates with SAP S/4HANA. It is available as an additional license product in SAP S/4HANA. It is a strategic analytical tool in SAP S/4HANA.
69)  When is the standard hierarchy of the controlling area created? When the controlling area is assigned to the operating concern When the controlling area is defined When the first company code is assigned to the controlling area When the first cost center for a controlling area is created.
77)  How does SAP S/4HANA capture costs? There are TWO correct answers 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. Primary and secondary costs are captured in general ledger accounts. Only primary costs are captured in general ledger accounts.
86)  In a standard system delivery, how many characteristics can be added to an operating concern? Please choose the correct answer. Response: 71-100 101-150 0-70 Over 150.
102)       What do you do to create a primary cost component split? There are TWO correct answers for this question Response: Run an activity price calculation   Assign a cost component structure to the CO-version Use the cost splitting tool on cost centers Enter split activity prices manually.
107)       Which objects are predefined characteristics in SAP S/4HANA? There are THREE correct answers for this question Response: Product category Controlling area Company code Region Plant.
109)       What must the referenced cost estimate and the receiving cost estimate have in common? Response: The company codes The plant The quantity structure The cost component structure.
113)       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? Please choose the correct answer. Reporting on data in real time is difficult, and complex to design. Reporting analytical data is always done in a business warehouse system. Reporting on data is available in real-time at every level of detail. Reporting can be either broad and deep for analysis, or speedy and simple, but not both.
115)       Which configuration is possible when you assign multiple company codes to a controlling area in SAPS/4HANA? Response: The company code fiscal year variant may differ from the controlling area fiscal year variant in the number of periods and number of especial periods The company code operational chart of accounts may differ from the controlling area operational chart of accounts The company code fiscal year variant may differ from the controlling area fiscal year variant In the number of special periods The company code currency may differ from the controlling area currency.
116)       Which of the following are typical activities of the sales planning phase in SAP S/4HANA? There are TWO correct answers for this question Transfer of GL account data Top-down distribution Manual entry of data Bottom-up distribution.
122)       Which of the following statements are applicable to SAP S/4HANA embedded analytics? There are 2 correct answers to this question. Response: It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analytics Tools for reporting. It is part of the core SAP S/4HANA license and uses the same technical stack and user interface. It is part of SAP S/4HANA Strategic Analytics tools stack that uses virtual data models for reporting.   It uses core data services (CDS) views to create virtual data models (VDMs) for reporting.
131)       Which objects can statistical key figures be applied to? There are 2 correct answers to this question. Response: Cost centers Functional areas Profit centers General ledger accounts.
134)       What can you define for a user status in the status profile? Response: The versions for which you can enter plan data The assigned user status after a business transaction is executed The business user IDs authorized to change the user status The order types for which a user status is valid.
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