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TFIN20_1 (Unit 5)

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TFIN20_1 (Unit 5)

Period-End Closing


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Driving Test

Number of questions: 32
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To prevent periodic cost fluctuations in Cost Center Accounting, you should distribute irregular expenses to the relevant periods.This can either be done by using the percentage method or the target=actual method None.
The value of all goods and services used is recorded as an expense for each period. True False.
The costs of all used goods and services that are incurred during the creation of your own (“typical”) business activity are recorded as expenses for each period. True False.
The non-operating expense is recorded in Management Accounting as costs. True False.
Which of the following are correct for accrued costs? Accrued costs do not have a corresponding expense in Management Accounting. They are only accrued for cost-accounting purposes There are two different types of accrual costs: Valuation differences and Additional costs.
To enable you to enter accrued costs, the mySAP ERP system provides various methods: Percentage Method Plan=actual procedure Target=actual procedure All of the above.
To prevent periodic cost fluctuations in Cost Center Accounting, you should distribute irregular expenses to the relevant periods. This business transaction is__________.
To calculate accrued costs, use the percentage method. The calculation is based on a percentage overhead, which is related to a cost element or a cost element group. True False.
Unlike accrual calculation with a recurring entry in Financial Accounting, % method has the advantage that the accrued costs are calculated using the fixed costs. The percentage method, for example, is useful for accrual calculations for labor costs relevant to salaries, such as bonuses. True False.
When an accrual is calculated the system Debits Credits.
You create a primary accrual cost element (cost element category = 3) to process the.
You create an overhead structure to define the accrual calculation. You need to store the following keys for the accrual calculation: Basis Components Overhead Credit.
If you assign dependencies to the overhead key, you can specify conditions under which the overhead is calculated for a cost center. True False.
Which of the following statements are corrects? In Customizing, you can assign an overhead structure within a client to any controlling area. This assignment is made based on validity time periods, although you can change the assignment at any point in time. You can have an overhead structure for actual accrual calculations and for each version for planned accrual calculation in your controlling area for any period of time required.
You use the Target=Actual method to calculate accrual costs that are activity-dependent and activity-independent, but for which the percentage method cannot be used, for example, because you cannot find a cost element to define the overhead rates True False.
In Target=Actual Method of Accrual Calculation you use cost element category 3 to plan under a primary cost element (= accrued cost element/target=actual). True False.
If you planned activity-dependent accrual costs, then the system includes the operating rate of the cost center when the planning values are transferred to the actual data. If, for example, your operating rate in the actual data is double that originally planned, the system calculates accrual for the doubled plan costs in the actual data. True False.
For accrued costs that are planned independent of activity, the operating rate of the cost center is not included or is set at 100%. This means that the planning values are transferred unchanged to the actual data. The accrual of planned primary costs that are independent of activity can thus also be regarded as a plan=actual method of accrual calculation. True False.
Describe the term base cost element.
Which three entries have to be made to define the overhead structure completely?.
Do you have to create an overhead structure for every company code?.
Why do you need to define an accrual object? To credit a cost center periodically, using an accrual cost element, you must specify an accrual object as a recipient for the offsetting entry This accrual object in Management Accounting is also a debit object in Financial Accounting since the actual (one-time) expense posting is assigned to the accrual object. As a result, the periodic accruals in management accounting are balanced by the posting to an expense account in Financial Accounting on the accrual object.
You can enter statistical key figures as a tracing factor for.
Fixed values (category 01) are updated from the corresponding posting period onwards, in all of the following posting periods of the fiscal year. This takes place assuming that fixed values do not change over a longer period of time. True False.
Totals values (category 02) are only entered for each current period. They cann't change from period to period, and therefore need not to be re-entered in each posting period. True False.
Periodic reposting is used as a ____________.
The receivers of a periodic reposting can be Cost centers WBS elements Internal Orders Cost Objects.
You can only repost primary costs. During this process, the original cost element remains the same. True False.
Periodic repostings can be reversed and repeated as often as required. True False.
Line items are posted for the sender as well as for the receiver, enabling the allocation to be recorded in detail. True False.
The cycle-segment method is used for defining periodic reposting distribution assessment.
To display the allocation relationships between the senders and receivers in the system, which are the entries need to make: From which object(s) are the costs allocated? To which object(s) are the costs allocated? Which costs are to be allocated? On what basis are the costs split among the receivers?.
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