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TFIN 22_1 Management Accounting

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Title of test:
TFIN 22_1 Management Accounting

Description:
TFIN 22_1 Management Accounting

Author:
M Sana
(Other tests from this author)

Creation Date:
20/07/2015

Category:
Competitive Exam

Number of questions: 17
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Content:
Which component answer to the following question "What costs are incurred within the organization" ? CO-CEL CO-OM EC-PCA CO-PC.
Which part of CO-PC helps to calculate the W.I.P., the scrap, and the variances ? Product cost planning Actual costing Cost object controlling Material ledger.
In Product Costing by order after which status of the order the following equality becomes correct "Actual costs - Delivery value = WIP at actual" ? Released Partially delivered Delivered Technically completed.
Which of the following criteria is not related to Product Costing by order (opposed to CO-PC by period) ? Settlement type = Full WIP is based on actual costs Variances = actual costs - delivery value Cost objects are product cost collector, cost object hierarchy.
Which of the following sentence doesn't match with the scenario "sales order related production" (opposed to the scenario "make to stock production") ? Used when the activity output occurs after the sales order reception Items are manufactured, stocked, sold Materials are manufactured with a reference to a sales order item Can calculate the stock value of semi-finished and finished products.
Which is not related to the scenario make-to-order with product cost by sales order ? Costs are collected by sales order item irrespective of the manufacturing scenario Ability to assign the costs and revenues to the sales order items Ability to show funds commitments on the sales order items No additional period end activities are required on the sales order.
What is not related to the scenario "unvaluated sales order stock" ? The quantity flow is separated from the value flow The costs are posted on the sales order only at the order settlement No variance calculation on assigned production orders It provides the cost component split for the COGS (cost of goods sold).
What is wrong about product costing by period ? The cost object is mainly a product cost collector Confirmation, good receipt, good invoice refer to a production order which refers to a product cost collector You can't assign other costs (process costs, material overhead) The period end closing activities use a process cost collector.
What is not a controlling level for a process order linked to a product cost collector ? Production version BOM / Routing Material in a plant Plant.
At period end for production orders partially delivered what is wrong about the preliminary settlement of the co-products ? The actual costs collected on the order header are calculated to the individual order items To settle the costs you can use the equivalence numbers of the apportionment structure but not the source source The settlement to an order item must be allowed on the settlement profile The allocation structure contains all cost elements with which the order header can be debited.
At period end for production orders completely delivered, what doesn't take place at the settlement of the co-products ? Work in process (WIP) posted in a previous period is cancelled The order balance is reduced to zero by transferring to FI the difference between the cost of the order and the value of the delivery to stock The actual data is also updated in the Material Ledger (if active) The total variance is transferred to profitability segments in Profitability Analysis (CO-PA). You can transfer the variances separately by variance category and cost element to value fields in CO-PA.
For the period end closing of production orders, at the settlement of the order you debit material, internal activity, overhead and process accounts, and you credit the change in stock account. The difference is posted to the variance account. What is a variance on the output side ? Price Quantity Lot size Structure.
At period end closing for the sales order, what is wrong about result analysis ? It calculates inventory values, reserves for unrealized costs, cost of sale Period based costs and revenues are calculated from the % of completion. At the settlement of the order to CO-PA the values might be different from FI. If actual costs > calculated costs = WIP Period based costs and revenues are calculated from the % of completion. At the settlement of the order to CO-PA the values might be different from FI. If actual revenues < calculated revenues = capitalized revenue Then, stock and reserves are transferred to CO-PA so that the profit generated there is the same as the profit in FI and EC-PCA.
For Controlling by Sales Order Without Production (Service) what is wrong ? For the scenario make to order production, the sales order item can be the account assignement object for costs only For the scenario make to order production, the network operations can be the account assignement object for costs For the scenario customer project production, a project can be the leading object For the scenario customer project production, a project and a network can be the account assignement objects.
For Controlling by Sales Order Without Production (Service) using the scenario customer project production, which actual data cannot be updated on the project ? Settlement to WIP Sales order billing Confirmation of assigned production orders Goods receipt of materials and services.
What is not a reporting tool in the CO-PC information system ? Menu tree SAP list viewer Report writer Product drilldown.
To reduce the runtimes of report what will you use ? Extracts Draft Unit costing Preliminary costing.
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