Prep CO 1 Flashcards
You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting? 3 antwoorden
Accruals
Revenues
Payment discount
Order quantity
Sales deductions
Accruals
Revenues
Sales deductions
You want to set up budget availability control for your projects and internal orders. What can you check using budget availability control? 2 antwoorden
The availability of funds on period level
The availability of funds according to tolerance limits
The availability of funds in object currency
The availability of funds using overall plan value
The availability of funds according to tolerance limits
The availability of funds in object currency
Which functionalities can create primary cost component splits? 2 antwoorden
Business processes price calculation
Cost center/activity type price calculation
Execution of the assessment cycles
Settlement of internal orders
Settlement of internal orders
Execution of the assessment cycles
What action do you perform to use the Cost-Based Percentage of Completion (POC) method?
Costing of an order
Setting to profitability analysis
Billing of a sales order during production
Running the results analysis
Running the results analysis
At what level do you create the structure of the operating concern?
Company code level
Sales organization level
Client level
Controlling area level
Client level
You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments?
As divisions
As value fields
As characteristics
As key figures
As characteristics
Which customizing activity do you perform in overhead cost controlling?
Maintain costing variant parameters
Define cost center categories
Define company centers categories
Create value fields
Define cost center categories
In the material master record there are three planned prices. What do you use them for?
To valuate material stocks
To update the standard price during the release of a standard cost estimate
To valuate goods movement
To valuate the materials in cost estimates
To update the standard price during the release of a standard cost estimate
Which object can you select for reporting in costing-based Profitability Analysis, and NOT in account-based Profitability Analysis?
Record type
Cost element
Company code
Period/year
Record type
A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit?
Controlling area
Client
Plant
Operating concern
Controlling area
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?
They are defined in separate company codes
They are defined in separate controlling areas
They are assigned to different segments
They are assigned to different functional areas
They are defined in separate controlling areas
What parameters can you set up when defining order types? 2 antwoorden
Define default parameters for master record fields.
Allow revenue postings.
Set up work lists.
Define document type.
Define default parameters for master record fields.
Allow revenue postings.
Which of the following values can be calculated using results analysis? 3 antwoorden
Gross margin
Cost of goods manufactured
Reserves for unrealized costs
Work in progress
Cost of sales
Reserves for unrealized costs
Work in progress
Cost of sales
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do?
Use the costing sheet of the costing view 1 in the template determination table
Assign a template directly to costing view 1 of the material master record
Assign a template to an operation in the routing of the material
Use the template allocation function in the material cost estimate and the costing run
Use the template allocation function in the material cost estimate and the costing run
You want to maintain a cost component structure. What can you determine for each cost component? 3 antwoorden
Assignment of cost component to cost component group
Assignment of cost component to calculation base for overheads in costing sheet
Relevance of cost component to inventory valuation
Relevance of cost component to goods manufactured
Relevance of cost component to results analysis
Assignment of cost component to calculation base for overheads in costing sheet
Relevance of cost component to inventory valuation
Relevance of cost component to results analysis
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
Activity types with actual or plan quantities maintained
Statistically figures with values for the period
Cost accounts with the option to record quantity
Cost accounts with the option to record quantity
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?
Cost center type
Functional area
Activity type
Cost center category
Cost center category
You want to set up integrated planning for your internal orders. What do you need to do? 2 antwoorden
Set the relevant indicator in the controlling area.
Set the relevant indicators in the CO version.
Set the relevant indicator in the planning profile of the order type.
Set the relevant indicator in the internal order master record.
Set the relevant indicators in the CO version.
Set the relevant indicator in the internal order master record.
To which objects do you settle values of the results analysis? 2 antwoorden
Profit center
Cost center
Profitability segment
Segment
Profit center
Profitability segment
Which of the following statements best describe Product Cost by Order? 2 antwoorden
It is used when you perform repetitive manufacturing.
It is used when full cost traceability is needed.
It is recommended for products with a long production time.
It is used when controlling by individual production lots or discrete quantities is needed.
It is used when full cost traceability is needed.
It is used when controlling by individual production lots or discrete quantities is needed.
In the Product Cost by Order component, what does the system calculate depending on the order status?
WIP at actual costs or variances
WIP at target costs or variances
WIP at planned costs or variances
Both WIP and variances or only variances
WIP at actual costs or variances
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? 2 antwoorden
Incoming invoice
Purchase requisition
Outgoing payment
Goods issue from order
Incoming invoice
Purchase requisition
Which costs exist in SAP S/4HANA? 2 antwoorden
Primary costs with G/L account
Secondary costs with G/L account
Primary costs without G/L account
Secondary costs without G/L account
Primary costs with G/L account
Secondary costs with G/L account
What does the calculation of a condition type in the costing sheet of CO-PA depend on? 2 antwoorden
Valuation
Segment
Condition class
Calculation type
Condition class
Calculation type
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
Fixed asset
Cost center
Internal order
Fixed asset
When is the standard hierarchy of the controlling area created?
When the controlling area is defined
When the first cost center for a controlling area is created
When the controlling area is assigned to the operating concern
When the first company code is assigned to the controlling area
When the controlling area is defined
Which currency types can you use for costing-based CO-PA? 2 antwoorden
Operating concern currency
Group currency
Controlling area currency
Company code currency
Operating concern currency
Company code currency
What is the highest reporting level in management accounting?
Operating concern
Company code
Profit center
Controlling area
Operating concern
You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use?
Reference variant
Costing version
Transfer control
Costing type
Reference variant
Which component provides insight into the effectiveness and results for areas of responsibility within the enterprise?
Profit center accounting
Results analysis
Profitability analysis
Revenue accounting and reporting
Profit center accounting
What must the referenced cost estimate and the receiving cost estimate have in common?
The company codes
The plant
The quantity structure
The cost component structure
The quantity structure
On which organizational level do you maintain profit center accounting in SAP S/4HANA?
Controlling area
Financial statement version
Company code
Operating concern
Controlling area
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? 2 antwoorden
It can be defined for postings on general ledger accounts of secondary costs type.
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 primary costs type
It can be overwritten in the application.
It can be defined for postings on general ledger accounts of primary costs type.
Which process determines the target costs of the cost object in a product cost by order scenario?
Accrual calculation
Actual costs calculation
Variance calculation
Work in progress (WIP) calculation
Variance calculation
To which objects do you assign the elements of the cost component split to ensure the transfer of costing to costing-based CO-PA?
G/L accounts
Value fields
Controlling areas
Segments
Value fields
How can you populate local variables in Profitability Analysis reports?
By user entry during report execution
By Business Add-In
By user exit
By populating from user parameters
By user entry during report execution
Which characteristic controls the eligible cost element categories for G/L accounts in SAP S/4HANA?
Account group
Account type
Account currency
Field status group
Account type
Which receiver must be allowed in the settlement profile of a product cost collector?
Business process
Material
Cost center
Order
Material
Which scenarios can be covered by the costing run? 2 antwoorden
Inventory cost estimate of all the materials in one plant
Standard cost estimate of all the materials in all plants of a controlling area
Current cost estimate of all the materials in all controlling areas
Product cost collector cost estimate in one plant
Standard cost estimate of all the materials in all plants of a controlling area
Current cost estimate of all the materials in all controlling areas
Which characteristic of an internal order does the order type control?
Budget profile assigned to the order
Types of costs posted to the order
Time period for which the order is valid
Controlling areas the order is assigned to
Budget profile assigned to the order
What are some of the unique attributes of an assessment cycle in Controlling? 2 antwoorden
They transfer primary and secondary costs.
They transfer only primary costs.
They use a secondary cost element during transfer.
They use the original cost element during transfer.
They transfer primary and secondary costs.
They use a secondary cost element during transfer.
Which default values can you configure for the product cost collector? 2 antwoorden
Results Analysis (RA) version
Costing variant for preliminary costing
Results Analysis (RA) key
Variance variant
Costing variant for preliminary costing
Results Analysis (RA) key
What are some of the objectives of Profitability Analysis? 2 antwoorden
Provide the company with information on the performance of its market segments.
Provide the company with a detailed view of its financial statements by responsibility units.
Allow the company to determine standard costs and revenues according to the period accounting method.
Allow the company to determine if the sales force achieved their contribution margin goals.
Provide the company with information on the performance of its market segments.
Allow the company to determine if the sales force achieved their contribution margin goals.
In which module do you process profit center allocations in SAP S/4HANA?
Cost Center Accounting
Product Cost Accounting
Profit Center Accounting
General Ledger Accounting
Profit Center Accounting
Where can you adjust the automatic account assignment? 2 antwoorden
Primary and secondary costs are captured in general ledger accounts.
All primary and secondary costs are captured by creating them as cost elements.
Only primary costs are captured in general ledger accounts.
Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts.
Primary and secondary costs are captured in general ledger accounts.
All primary and secondary costs are captured by creating them as cost elements.
At which level do you define the valuation method for results analysis?
Controlling area
Company code
Operating concern
Sales organization
Controlling area
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?
Reporting analytical data is always done in a business warehouse system.
Reporting on data in real time is difficult, and complex to design.
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.
Reporting on data is available in real-time at every level of detail.
Which management accounting currencies can you use for evaluation when you use cross-company-code cost accounting? 3 antwoorden
Company code currency
Controlling area currency
Reference currency
Object currency
Transaction currency
Company code currency
Controlling area currency
Transaction currency
How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports?
It selects actual data from table ACDOCA and plan data from table ACDOCP.
It selects actual data from table CE1XXXX and plan data from table CE2XXXX.
It selects actual data from table ACDOCA and plan data from table COSP.
It selects actual data from table CE2XXXX and plan data from table CE3XXXX.
It selects actual data from table CE1XXXX and plan data from table CE2XXXX.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do?
Assign a template directly to costing view 1 of the material master record
Use the costing sheet of the costing view 1 in the template determination table
Assign a template to an operation in the routing of the material
Use the template allocation function in the material cost estimate and the costing run
Use the template allocation function in the material cost estimate and the costing run
Your customer defined one distribution cycle in SAP S/4HANA. You need to define a new distribution cycle. How can you ensure the new cycle is executed only after the existing one is completed?
Assign each cycle to a different cycle run group
Select iteration in the cycle header of the new cycle
Assign both cycles to the same cycle run group
Select iteration in the cycle header of both cycles
Assign both cycles to the same cycle run group
Why would you use manual cost allocation in Controlling? 2 antwoorden
To run simple allocations of plan data
To allocate costs using an allocation cycle
To run simple allocations of actual data
To correct secondary postings
To run simple allocations of actual data
To correct secondary postings
Which configuration is possible when you assign multiple company codes to a controlling area in SAP S/4HANA?
The company code fiscal year variant may differ from the controlling area fiscal year variant In the number of special periods
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 currency may differ from the controlling area currency
The company code operational chart of accounts may differ from the controlling area operational chart of accounts
The company code currency may differ from the controlling area currency
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? 2 antwoorden
It can be defined for postings on general ledger accounts of primary costs type.
It can be defined for postings on general ledger accounts of secondary costs type.
It can be overwritten in the application.
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 primary costs type.
What action do you perform to use the Cost-Based Percentage of Completion (POC) method?
Running the results analysis
Costing of an order
Billing of a sales order during production
Setting to profitability analysis
Running the results analysis
What are the benefits of using valuated sales order stock compared to non-valuated sales order stock? 2 antwoorden
Production cost calculation
Production order settlement to sales order
Simplified inventory value determination
Combined quantity and value flow analysis
Simplified inventory value determination
Combined quantity and value flow analysis
Which controls can you set when you determine a characteristic derivation? 3 antwoorden
Conditions for execution
Display authority
Overwriting authority
System response when unsuccessful
Valuation calculation
Conditions for execution
Overwriting authority
System response when unsuccessful
You use a production order with Product Cost by Period and you entered a results analysis key and variance key. How does the system calculate variances in Product Cost by Period?
Variances = Target costs - Delivery value
Variances = Actual costs - Delivery value - WIP
Variances = Target costs - Delivery value - WIP
Variances = Actual costs - Delivery value
Variances = Actual costs - Delivery value - WIP
Which object do you have to assign the cost component structure to?
Valuation variant
Costing variant
Material master record
Costing type
Costing variant
You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? 2 antwoorden
By assigning a cost center to the work center in the operation
By marking the cost indicator in the control key assigned to the operation
By defining a usage key in the header of the routing
By marking the Relevance to Costing indicator in the operation
By marking the cost indicator in the control key assigned to the operation
By marking the Relevance to Costing indicator in the operation
How do you maintain number intervals/ranges in Controlling?
By posting key
By document type
By business transactions
By company code
By business transactions
When you configure period-end closing, which accrual calculations methods can you use? 2 antwoorden
Target equals actual
Template
Statistical key figure
Percentage
Target equals actual
Percentage
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?
Statistically figures with values for the period
Activity types with actual or plan quantities maintained
Cost accounts with the option to record quantity
Settlement rules with valid receiver objects
Cost accounts with the option to record quantity
Which object can you configure t offset overhead surcharges for a cost object? 3 antwoorden
Profitability segment
Internal order
Business process
Cost center
Profit center
Internal order
Business process
Cost center
You want to use a template to consider overhead during product costing. How do you assign the template to your material?
Using a special procurement type and an overhead group
Using an overhead group and an overhead key
Using a profit center and an overhead key
Using an origin group and an overhead group
Using an origin group and an overhead group
What are some of the characteristics of planning for internal orders? 2 antwoorden
You can define tolerance limits for plan overspend.
Availability control can check against plan values.
You can plan multiple versions.
You can enter costs and revenues.
You can plan multiple versions.
You can enter costs and revenues.
What do you use to map the primary cost component split to the production cost component structure?
Cost Component groups
Transfer structure
Assignment scheme
Allocation structure
Transfer structure
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? 2 antwoorden
Manual entry, manual allocation
Manual entry, no allocation
Manual entry, indirect allocation
Indirect determination, indirect allocation
Manual entry, manual allocation
Manual entry, no allocation
What are some of the characteristics of SAP Core Data Services (CDS) views? 3 antwoorden
CDS views have no latency.
CDS views duplicate data for reporting efficiencies.
CDS views support authorizations.
CDS views are considered system modifications.
CDS views have ready-to-use content.
CDS views have no latency.
CDS views support authorizations.
CDS views have ready-to-use content.
You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements?
Template
Settlement profile
Allocation structure
Settlement rule
Allocation structure
Which objects can statistical key figures be applied to? 2 antwoorden
Cost centers
Profit centers
Functional areas
General ledger accounts
Profit centers
Cost centers
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 strategic analytical tool in SAP S/4HANA.
It is available as an additional license product in SAP S/4HANA.
It is a desktop browser that integrates with SAP S/4HANA.
It is a strategic analytical tool in SAP S/4HANA.
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?
Activity type
Cost center type
Functional area
Cost center category
Cost center category
In the Product Cost by Order component, what does the system calculate depending on the order status?
Both WIP and variances or only variances
WIP at planned costs or variances
WIP at target costs or variances
WIP at actual costs or variances
WIP at actual costs or variances