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TERP10 CO test 2

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Title of test:
TERP10 CO test 2

Description:
Controlling part 2

Author:
Me
(Other tests from this author)

Creation Date:
19/05/2013

Category:
Computers

Number of questions: 13
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Content:
1. You’ve been asked to provide an explanation of some of the organizational levels in SAP ERP. Which of the following statements will you say is true? (one correct answer) A company code can belong to more than one controlling area. A plant must be allocated to a company code. A controlling area and a company code must have the same local currency A business area and a company code are assigned to each other in the enterprise structure in the IMG.
2. A client has asked you to explain the use of currencies in SAP ERP Management Accounting. What currencies will you say can be used in management accounting? (3 correct answers) Transaction Operative Object currency Controlling area Consolidation.
3. You are about to create a statistical key figure to help with the distribution of costs in SAP ERP Management Accounting. Which of the following are examples of fixed (Type 1) statistical figures? (2 correct answers) Square footage of a building Hours of maintenance labor Kilowatt hours used Number of network connections.
You are currently working on cost center planning in SAP ERP Management Accounting. Which of the following can serve as inputs to cost center planning? (3 correct answers) Manual entries Formulas HCM planning CO-PA SOP.
You are preparing an assessment in SAP ERP Management Accounting. Which type of cost element is used to perform an assessment? (one correct answer) Primary Secondary Revenue Cost object.
An Internal Order is an extremely flexible tool in SAP ERP Management Accounting that can be used for a wide variety of purposes to track costs and, in some cases revenues, within a controlling area. Which of the following order types are internal orders? (2 correct answers) Result analysis orders for posting accrual costs in CO. Capital investment orders for creating assets. Maintenance orders Sales orders for make-to-order products.
Your colleagues have asked your assistance in explaining product cost controlling in SAP ERP Management Accounting. You begin by explaining the different components of product cost controlling. Which of the following will you say are components of product cost controlling? (3 correct answers) Product cost planning Cost object controlling Cost center planning Actual costing/material ledger Activity based costing.
A controlling area can have only one standard hierarchy (True/False). True False.
Which of the following are true of the integration between FI and CO? Postings to expense accounts result in a one-sided debit to a primary cost element. Postings to expense accounts result in a one-sided credit to a primary cost element. Postings to expense accounts require that a controlling object be provided. Postings to expense accounts result in a debit on the receiving controlling object and a credit to a primary cost element. Postings to expense accounts result in a one-sided debit to a secondary cost element.
Which of the following are uses of the standard cost? Inventory valuation Cost of sales in CO-PA Valuation of goods movements Calculating variances in cost object controlling.
Which area of management accounting is concerned with the analysis of value adding processes? Cost element accounting Overhead cost controlling Product cost controlling Profit center accounting Profitability analysis.
What two pieces of information are required to determine the price to charge in DAA? Cost center Quantity of service used Activity type Receiving object.
At what point is a commitment created? When a purchase requisition is created with account assignment of order and account object an order. When a purchase requisition is created with account assignment of cost center and account object a cost center. When a purchase order is created for a stock material. When a goods receipt is performed on a purchase order.
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