The mySAP ERP Management Accounting application component contains all
accounting functions necessary for Financial Accounting Effective controlling Logistics All of the above None of the above.
If a company divides its accounting into internal and external accounting, Management Accounting is External Accounting internal accounting since it provides those responsible for managing and
controlling the company's operations with necessary information Both external and internal accounting.
CO provides all controlling options and is restricted by legal requirements. True False.
In Financial Accounting companies need to create financial statements such as Balance Sheets Profit and Loss Statements This external reporting has to be in line with standards and certain legal requirements.
Management Accounting provides information that management can use to
make decisions True False.
Management Accounting facilitates coordination supervision optimization all processes within a company.
Management Accounting involves recording the consumption of production factors the services provided by an organization None.
Any data that is relevant to costs flows automatically from Financial Accounting
to Management Accounting. False True.
Costs and revenues are assigned to different CO account assignment objects such as cost centers business processes projects orders None.
Financial Accounting accounts are managed in Management Accounting as cost or revenue elements. True False.
You use Cost Center Accounting for controlling purposes in your organization. True False.
Cost Center Accounting is an ideal means of monitoring overhead costs assigning them to the organizational units that incurred the costs None.
Product Cost Controlling calculates the costs incurred when a service is provided
or a product is manufactured. It enables you to calculate the minimum price at
which a product can be profitably marketed. True False.
Profitability Analysis analyzes the profit or loss of an organization according to individual market segments costs are assigned to the revenues of each market sector gives a basis for calculating prices targeting customers determining conditions choosing sales channels.
Overhead costs are costs that cannot be directly assigned to the manufacture of a product, or the provision of a particular service. True False.
You assign all overhead costs to the locations at which they were incurred, or to the activities from which they arose. True False.
Cost centers are separate areas within a controlling area at which costs are incurred. True False.
Cost centers are created according to various criteria including functional considerations allocation criteria activities provided or according to their physical location and/or management area All of the above.
An activity type defines the type of activity that can be provided by a cost center. True False.
Activity outputs supplied by one cost center (the sending cost center) to other cost centers, orders, or processes, represent the utilization of resources for this sending cost center. True False.
You valuate activities using a price calculated on the basis of certain business or management information. True False.
Business processes combine activity flows within an organization across individual profit centers. True False.
______________ can be used to control organizational processes in line with particular functions. Business processes Cost Centers Profit Centers Business areas.
Internal Orders are used to Plan collect and analyze the costs arising from internal activities. and also from external activities.
The operating concern 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 the internal accounting operations of an organization.
Controlling areas structure the external accounting operations of an organization within Management Accounting They represent open units that are used to calculate costs. All external allocations relate solely to objects that belong to the same controlling area. None.
Company codes are independent accounting units within Financial Accounting. True False.
Company code represent the smallest organizational units for which an account group can be set up for the purposes of external reporting. True False.
The business area is an organizational unit within Financial Accounting that represents a particular level of operations and managerial area within a company can assign Financial Accounting transactions Financial Accounting you can generate internal balance sheets and profit and loss statements.
The plant is an organizational unit within Logistics. It is used to break an organization down according to production, procurement, plant maintenance, and material planning considerations None.
Plants are used in Materials Management, Logistics, and Production Planning and Control. In a plant either materials or goods are manufactured, or services are provided. True False.
The controlling area is the organizational unit within a company for which complete, closed cost controlling can be carried out. True False.
You can allocate costs outside of controlling areas. False True.
A controlling area may contain more than one company code these company codes can include more than one currency the company codes assigned to a controlling area must all use the same operational chart of accounts The control indicator can be used to activate or deactivate certain controlling components and functions for a fiscal year None.
You can link company codes and controlling areas to each other in different ways in accordance with the way your enterprise is structured. If Financial Accounting and Controlling perspectives are identical, you can assign one company code to one controlling area. If you assign more than one company code to a given controlling area, you are then able to carry out controlling on a cross-company code basis. None.
Here you see a structure in which the financial and cost accounting views are identical and the controlling area is the same as the company code.You can use the following three currencies in Management Accounting to perform evaluations in the information system: Controlling area currency Object Currency Transaction currency.
If you are using a 1:1 assignment, (that is, if your controlling area and company codes are identical), the controlling area currency must be the same as the company code currency. The controlling area is then managed in the controlling area currency. True False.
An object currency is defined for each account assignment object in Management Accounting. When using a 1:1 assignment, an object currency that is different to the controlling area or company code currency can be defined for the account assignment object. True False.
The currency in which a document is posted to Management Accounting is the transaction currency. True False.
You have to use the different chart of accounts in Management Accounting and in the assigned company code. True False.
While the fiscal year variants of the company code and controlling area can
contain different numbers of posting periods, they must have the same number of
special periods True False.
There are three currencies available for cross company code evaluations: Controlling area currency Company code currency Object currency Transaction currency.
When is a 1:n assignment advisable/necessary? If you require cross-company code reporting If you require cross-company code postings such as activity allocations or assessments, for example Where logistical considerations make it necessary (production in an associate plant) Where a calculated value is to be spread over more than one company code If profit centers cover more than individual company codes.
The currency of the controlling area must always be the same as the currency of the company code. False True.
In 1:n assignments, the operational charts of accounts in all assigned company codes and in the controlling area must be the same. True False.
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