All SAP S/4HANA For Management Accounting Associates Certification
SAP S/4HANA for Management Accounting Associates Certification
Questions and Answers
- 1.
What can you define for a user status in the status profile? 3.1
- A.
The versions for which you can enter plan data
- B.
The order types for which a user status is valid
- C.
The business user IDs authorized to change the user status
- D.
The assigned user status after a business transaction is executed
Correct Answer
D. The assigned user status after a business transaction is executedExplanation
The correct answer is the assigned user status after a business transaction is executed. In the status profile, you can define the user status that will be assigned to a business transaction after it is executed. This allows you to track the progress or stage of the transaction.Rate this question:
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- 2.
On which document in the sales process is the profit center initially entered? 4.2
- A.
Sales order
- B.
Sales inquiry
- C.
Goods issue
- D.
Service contract
Correct Answer
A. Sales orderExplanation
In the sales process, the profit center is initially entered on the sales order document. The sales order is a document that is created when a customer places an order for goods or services. It contains all the relevant information such as the customer's details, the items ordered, pricing, and payment terms. By entering the profit center on the sales order, the company can track and allocate revenue and costs to specific profit centers, enabling them to analyze the profitability of different business units or departments.Rate this question:
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- 3.
Which activities can you perform while you create cost center hierarchies? There are 2 correct answers to this question. 3.1
- A.
Create a cost center without specifying a standard hierarchy.
- B.
Append nodes and cost centers to a node of the standard hierarchy.
- C.
Assign a standard hierarchy to several controlling areas.
- D.
Reassign a cost center to another node of the standard hierarchy.
Correct Answer(s)
B. Append nodes and cost centers to a node of the standard hierarchy.
D. Reassign a cost center to another node of the standard hierarchy.Explanation
You can perform the activities of appending nodes and cost centers to a node of the standard hierarchy and reassigning a cost center to another node of the standard hierarchy while creating cost center hierarchies.Rate this question:
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- 4.
Which tasks can you perform on a production order in a make-to-order scenario with valuated stock? There are TWO correct answers for this question 4.1
- A.
Perform results analysis
- B.
Calculate production variances
- C.
Transfer reserves for realized costs
- D.
Settle the variances to CO-PA
Correct Answer(s)
B. Calculate production variances
D. Settle the variances to CO-PAExplanation
In a make-to-order scenario with valuated stock, there are several tasks that can be performed on a production order. One of these tasks is to calculate production variances, which involves comparing the actual costs incurred during production with the standard costs. This helps in identifying any discrepancies and analyzing the reasons behind them. Another task is to settle the variances to CO-PA (Costing-based Profitability Analysis), which involves transferring the production variances to the CO-PA module for further analysis and reporting. These tasks are important in monitoring and analyzing the costs and profitability of production orders in a make-to-order scenario.Rate this question:
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- 5.
Where do you activate commitment management for internal orders? There are TWO correct answers for this question 3.1
- A.
In the controlling area
- B.
In the budget profile
- C.
In the order type
- D.
In the company code
Correct Answer(s)
A. In the controlling area
C. In the order typeExplanation
Commitment management for internal orders can be activated in two places. Firstly, it can be activated in the controlling area, which allows for the overall management and control of commitments for all internal orders within that area. Secondly, commitment management can also be activated at the order type level, allowing for specific settings and controls to be applied to individual order types. By activating commitment management in both the controlling area and the order type, organizations can ensure comprehensive control and monitoring of commitments for internal orders.Rate this question:
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- 6.
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? 3.1
- A.
Activity types with actual or plan quantities maintained
- B.
Cost accounts with the option to record quantity
- C.
Settlement rules with valid receiver objects
- D.
Statistically figures with values for the period
Correct Answer
B. Cost accounts with the option to record quantityExplanation
To calculate the overhead amount using the quantity-based overhead approach, it is necessary to have cost accounts with the option to record quantity. This means that the cost accounts should be set up in a way that allows the recording of the quantity of goods or services produced. This information is used in conjunction with the activity types (which should have actual or plan quantities maintained) to determine the overhead amount. Settlement rules with valid receiver objects and statistically figures with values for the period are not directly related to the calculation of the overhead amount using the quantity-based overhead approach.Rate this question:
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- 7.
Which activity do you perform during period-end in profit center accounting? 4.2
- A.
Settle costs
- B.
Execute template allocation
- C.
Post activity allocation
- D.
Process distribution cycles
Correct Answer
D. Process distribution cyclesExplanation
During period-end in profit center accounting, one of the activities performed is the process distribution cycles. This involves the allocation of costs and revenues from one profit center to another based on predefined distribution rules. It ensures that the financial results are accurately reflected in each profit center and helps in analyzing the performance of individual profit centers.Rate this question:
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- 8.
Which customizing activity do you perform in overhead cost controlling? 3.1
- A.
Maintain costing variant parameters
- B.
Define cost center categories
- C.
Define profit center groups
- D.
Create value fields
Correct Answer
B. Define cost center categoriesExplanation
In overhead cost controlling, one of the customizing activities is to define cost center categories. Cost center categories are used to classify cost centers based on their characteristics or functions. This classification helps in analyzing and controlling overhead costs effectively. By defining cost center categories, an organization can group cost centers based on their similarities and assign specific characteristics or attributes to each category. This allows for better allocation and monitoring of overhead costs, ultimately aiding in cost control and decision-making processes.Rate this question:
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- 9.
When do you use an assessment instead of a distribution? There are TWO correct answers for this question 3.1
- A.
When you need the option to reverse the cycle as often as required
- B.
When you need to transfer secondary costs
- C.
When you want to view the original cost elements on the receiver
- D.
When you want to consolidate allocated expenses
Correct Answer(s)
B. When you need to transfer secondary costs
D. When you want to consolidate allocated expensesExplanation
When you need to transfer secondary costs, it means that there are additional costs associated with the main cost that need to be accounted for and allocated. Using an assessment allows for the transfer of these secondary costs to the appropriate cost objects.
When you want to consolidate allocated expenses, it means that there are multiple expenses that need to be combined and reported together. Using an assessment allows for the consolidation of these allocated expenses into a single cost element, making it easier to analyze and report on the overall expenses.Rate this question:
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- 10.
On which organizational level do you maintain profit center accounting in SAP S/4HANA? 3.1
- A.
Company code
- B.
Operating concern
- C.
Controlling area
- D.
Financial statement version
Correct Answer
C. Controlling areaExplanation
Profit center accounting in SAP S/4HANA is maintained at the controlling area level. The controlling area is a central organizational unit in SAP that represents a self-contained unit within the company. It is responsible for managing and controlling costs, revenues, and profits. Profit center accounting allows for the analysis and reporting of profit and loss by individual profit centers within the controlling area. By maintaining profit center accounting at the controlling area level, companies can effectively track and evaluate the financial performance of different segments or business units within the organization.Rate this question:
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- 11.
During posting, from which object does the system first derive the profit center if the profit center is NOT directly assigned to a network activity? 4.2
- A.
WBS element
- B.
Network header
- C.
Project definition
- D.
Dummy profit center
Correct Answer
A. WBS elementExplanation
The system first derives the profit center from the WBS element if it is not directly assigned to a network activity. This means that the profit center is determined based on the WBS element that the network activity is assigned to.Rate this question:
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- 12.
For which revenue carrying cost objects does the system perform results analysis? There are 3 correct answers to this question. 3.2
- A.
Cost center
- B.
Internal order
- C.
Work breakdown structure
- D.
Business processes
- E.
Customer service orders
Correct Answer(s)
B. Internal order
C. Work breakdown structure
E. Customer service ordersExplanation
The system performs results analysis for internal orders, work breakdown structures, and customer service orders. Results analysis is a process that evaluates the financial performance of cost objects, such as these, to determine their profitability and efficiency. By analyzing the results, organizations can make informed decisions about resource allocation, cost control, and process improvements. Cost centers and business processes are not mentioned as revenue carrying cost objects in this context, so they are not included in the correct answers.Rate this question:
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- 13.
Which order status is relevant for creating work in process (WIP) calculations when you use Product Cost by Order (PCO)? 4.1
- A.
Delivered
- B.
Created
- C.
Partially released
- D.
Technically completed
Correct Answer
C. Partially releasedExplanation
The order status that is relevant for creating work in process (WIP) calculations when using Product Cost by Order (PCO) is "Partially released". This means that the order has been partially released for production, indicating that some of the work has been started but not completed. This status allows for accurate tracking of the costs incurred for the work that has been partially completed, which is necessary for calculating the WIP.Rate this question:
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- 14.
You need to assign a company code to a controlling area. Which settings must be identical for both organizational objects? There are 2 correct answers to this question. 3.1
- A.
Fiscal year variant
- B.
Chart of accounts
- C.
Currency
- D.
Posting period variant
Correct Answer(s)
A. Fiscal year variant
B. Chart of accountsExplanation
The company code and controlling area must have the same fiscal year variant and chart of accounts in order to ensure consistency and compatibility in financial reporting and accounting processes. These settings determine the fiscal year periods and the chart of accounts structure that will be used by both organizational objects. Having different settings for these parameters may result in discrepancies and errors in financial data and reporting. The currency and posting period variant, on the other hand, can be different between the company code and controlling area as they do not require identical settings for proper functioning.Rate this question:
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- 15.
What are the benefits of using valuated sales order stock compared to non-valuated sales order stock? There are TWO correct answers for this question 4.1
- A.
Combined quantity and value flow analysis
- B.
Production cost calculation
- C.
Simplified inventory value determination
- D.
Production order settlement to sales order
Correct Answer(s)
A. Combined quantity and value flow analysis
C. Simplified inventory value determinationExplanation
Using valuated sales order stock allows for combined quantity and value flow analysis, meaning that both the quantity and value of the stock can be tracked and analyzed. This provides a more comprehensive understanding of the stock's movement and value within the sales order process. Additionally, valuated sales order stock enables simplified inventory value determination, making it easier to calculate and track the value of the stock.Rate this question:
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- 16.
When trying to assign a profit center to a new cost center, you receive an error. What can cause this error? 4.2
- A.
The validity period of the profit center is shorter than that of the cost center
- B.
The validity period of the cost center is shorter than that of the profit center
- C.
The profit center has already been assigned to a different cost center
- D.
The lock indicator is activated in the profit center master record
Correct Answer
A. The validity period of the profit center is shorter than that of the cost centerExplanation
The error occurs when trying to assign a profit center to a new cost center because the validity period of the profit center is shorter than that of the cost center. This means that the profit center is only valid for a certain period of time, while the cost center is valid for a longer period. Therefore, the system does not allow the assignment as it would create a mismatch in the validity periods.Rate this question:
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- 17.
Which objects do you use when you assign costs and revenue to the value fields in costing-based CO-PA? 3.1
- A.
Transfer structure
- B.
Overhead group
- C.
Allocation structure
- D.
Allocation template
Correct Answer
A. Transfer structureExplanation
In costing-based CO-PA, transfer structures are used to assign costs and revenue to the value fields. Transfer structures define the relationship between the source and target fields, allowing for the transfer of data from one field to another. By using transfer structures, organizations can accurately allocate costs and revenue to the appropriate value fields in costing-based CO-PA.Rate this question:
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- 18.
In your company, you tend to go through many reorganizations leading to extra master data maintenance work. Which grouping functionality can save you time maintaining profit center groups? 4.2
- A.
Configuring derivation rules
- B.
Defining flexible hierarchies
- C.
Copying groups with suffix
- D.
Creating multi-dimension sets
Correct Answer
B. Defining flexible hierarchiesExplanation
Defining flexible hierarchies can save time maintaining profit center groups in a company that goes through frequent reorganizations. Flexible hierarchies allow for easy and efficient restructuring of profit center groups, as they can be easily modified and adjusted to accommodate changes in the organization. This eliminates the need for extensive manual data maintenance work and reduces the time and effort required to update profit center groups during reorganizations.Rate this question:
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- 19.
Which object do you configure to reuse material cost estimate for the costing process? 3.2
- A.
Group costing
- B.
Transfer control
- C.
Valuation variant
- D.
Quantity structure control
Correct Answer
B. Transfer controlExplanation
Transfer control is the object that is configured to reuse material cost estimate for the costing process. Transfer control allows the transfer of cost estimates from one controlling object to another. By configuring transfer control, the material cost estimate can be transferred from one cost object to another, enabling the reuse of the cost estimate in the costing process.Rate this question:
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- 20.
What can you analyze in detail when you transfer the cost component split from product cost planning to costing-based CO-PA? 3.2
- A.
Variance categories
- B.
Cost of goods manufactured
- C.
Cost of goods sold
- D.
Sales revenues
Correct Answer
B. Cost of goods manufacturedExplanation
When transferring the cost component split from product cost planning to costing-based CO-PA, you can analyze the cost of goods manufactured in detail. This means that you can examine the specific costs incurred in the production process, including direct materials, direct labor, and manufacturing overhead. By analyzing the cost of goods manufactured, you can gain insights into the efficiency and effectiveness of the production process and identify areas for cost reduction or improvement.Rate this question:
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- 21.
Which are levels of internal order planning? There are TWO correct answers for this question 3.1
- A.
Integrated planning
- B.
Primary and secondary cost and revenue planning
- C.
Group costing
- D.
Overall planning
Correct Answer(s)
A. Integrated planning
D. Overall planningExplanation
The correct answers for the levels of internal order planning are integrated planning and overall planning. Integrated planning involves coordinating different aspects of planning, such as financial, operational, and strategic planning, to ensure alignment and efficiency. Overall planning refers to the comprehensive planning of all resources and activities within an organization to achieve its goals. These two levels of planning are important in ensuring that internal orders are effectively managed and resources are allocated appropriately.Rate this question:
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- 22.
When is the standard hierarchy of the controlling area created? 3.1
- A.
When the first company code is assigned to the controlling area
- B.
When the controlling area is assigned to the operating concern
- C.
When the first cost center for a controlling area is created
- D.
When the controlling area is defined
Correct Answer
D. When the controlling area is definedExplanation
The standard hierarchy of the controlling area is created when the controlling area is defined. This means that when the controlling area is set up and its parameters are defined, the standard hierarchy is automatically created. The standard hierarchy is a structure that organizes the different elements within the controlling area, such as cost centers, profit centers, and internal orders. It provides a framework for reporting and analysis within the controlling area.Rate this question:
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- 23.
What is the highest reporting level in management accounting? 3.1
- A.
Operating concern
- B.
Controlling area
- C.
Profit center
- D.
Company code
Correct Answer
A. Operating concernExplanation
The highest reporting level in management accounting is the operating concern. This term refers to a specific organizational unit within SAP software that represents a company or a division. It is used to analyze and report financial data for a particular business area or segment. The operating concern allows management to track and evaluate the performance of different parts of the organization, providing valuable insights for decision-making and strategic planning.Rate this question:
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- 24.
Where can you adjust the automatic account assignment? There are TWO correct answers for this question 3.1
- A.
G/L account (TA: FS00)
- B.
Cost center (TA: KS01)
- C.
Default account assignment (TA: OKB9)
- D.
Substitution (TA: GGB1)
Correct Answer(s)
C. Default account assignment (TA: OKB9)
D. Substitution (TA: GGB1)Explanation
The automatic account assignment can be adjusted in two places. One is through the transaction code TA: OKB9, which allows for default account assignment settings. The other is through the transaction code TA: GGB1, which allows for substitution settings. These two options provide the ability to customize and modify the automatic account assignment process.Rate this question:
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- 25.
When do you select the percentage method for accrual calculation? There are TWO correct answers for this question 3.1
- A.
When you accrue-dependent costs and an appropriate cost element for defining overhead rates is available
- B.
When you accrue activity-dependent costs and an appropriate cost element in NOT available
- C.
When you accrue activity-independent costs and an appropriate cost element is NOT available
- D.
When you accrue activity-independent costs and an appropriate cost element for defining overhead rates is available
Correct Answer(s)
A. When you accrue-dependent costs and an appropriate cost element for defining overhead rates is available
D. When you accrue activity-independent costs and an appropriate cost element for defining overhead rates is availableExplanation
The percentage method for accrual calculation is used when you have accrue-dependent costs and an appropriate cost element for defining overhead rates is available. It is also used when you have activity-independent costs and an appropriate cost element for defining overhead rates is available. In both cases, the percentage method is chosen because it allows for the calculation of accruals based on a percentage of the total cost or activity.Rate this question:
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- 26.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do?* 3.2
- A.
Use the costing sheet of the costing view 1 in the template determination table
- B.
Use the template allocation function in the material cost estimate and the costing run
- C.
Assign a template to an operation in the routing of the material
- D.
Assign a template directly to costing view 1 of the material master record
Correct Answer
B. Use the template allocation function in the material cost estimate and the costing run -
- 27.
When you configure period-end closing, which accrual calculations methods can you use? There are TWO correct answers for this question 3.1
- A.
Percentage
- B.
Template
- C.
Target equals actual
- D.
Statistical key figure
Correct Answer(s)
A. Percentage
C. Target equals actualExplanation
When configuring period-end closing, you can use the accrual calculation methods of percentage and target equals actual. The percentage method calculates the accrual based on a specified percentage of the total amount. The target equals actual method accrues the difference between the target amount and the actual amount. Template and statistical key figure are not mentioned as valid accrual calculation methods in the question.Rate this question:
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- 28.
Which parameters can you enter when you create a costing run? There are THREE correct answers for this question 3.2
- A.
Costing variant
- B.
Valuation variant
- C.
Costing version
- D.
Transfer control
- E.
Production version
Correct Answer(s)
A. Costing variant
C. Costing version
D. Transfer controlExplanation
When creating a costing run, you can enter the costing variant, costing version, and transfer control as parameters. The costing variant determines the rules and settings for the costing run, while the costing version allows you to compare different versions of the cost estimate. The transfer control specifies which data should be transferred during the costing run. The other options mentioned, valuation variant and production version, are not parameters that can be entered when creating a costing run.Rate this question:
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- 29.
Which object can you configure t offset overhead surcharges for a cost object? There are THREE correct answers for this question 3.2
- A.
Internal order
- B.
Profit center
- C.
Business process
- D.
Profitability segment
- E.
Cost center
Correct Answer(s)
A. Internal order
C. Business process
E. Cost centerExplanation
The internal order, business process, and cost center can all be configured to offset overhead surcharges for a cost object. By assigning these objects to the cost object, any overhead surcharges associated with them will be allocated and accounted for in the cost calculations. This allows for a more accurate representation of the true cost of the cost object, taking into consideration any additional overhead costs that may be incurred. The profitability segment and profit center, on the other hand, are not typically used for this purpose and therefore are not correct answers.Rate this question:
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- 30.
Which settings can you configure per order type for the budget and availability control? There are TWO correct answers for this question 3.1
- A.
Design budget manager
- B.
Budget data entry layout
- C.
Budgeting on cost element level
- D.
Budget tolerance limits
Correct Answer(s)
C. Budgeting on cost element level
D. Budget tolerance limitsExplanation
You can configure the budget and availability control per order type by setting the budgeting on cost element level and budget tolerance limits. The budgeting on cost element level allows you to define the specific cost elements that will be included in the budget for each order type. The budget tolerance limits allow you to set limits on the amount of budget that can be exceeded for each order type, ensuring that spending stays within the defined limits.Rate this question:
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- 31.
Which objects can you plan in cost center accounting? There are THREE correct answers for this question 3.1
- A.
Statistical key figures
- B.
Balance sheet accounts
- C.
Secondary cost accounts
- D.
Activity prices
- E.
Non-operating expense accounts
Correct Answer(s)
A. Statistical key figures
C. Secondary cost accounts
E. Non-operating expense accountsExplanation
In cost center accounting, you can plan three types of objects: statistical key figures, secondary cost accounts, and non-operating expense accounts. Statistical key figures are used to measure and analyze non-monetary data, such as the number of employees or production quantities. Secondary cost accounts are used to allocate costs that cannot be directly assigned to a cost center, such as overhead costs. Non-operating expense accounts are used to track expenses that are not directly related to the core operations of the cost center, such as legal fees or advertising expenses.Rate this question:
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- 32.
Which are mandatory attributes, when you create an operating concern with costing-based and account-based CO-PA? There are TWO correct answers for this question 4.1
- A.
Operating Concern Currency
- B.
Company code currency in costing-based CO-PA
- C.
Fiscal year variant
- D.
Second period type
Correct Answer(s)
A. Operating Concern Currency
C. Fiscal year variantExplanation
The operating concern currency is a mandatory attribute when creating an operating concern with both costing-based and account-based CO-PA because it determines the currency in which the operating concern will operate. The fiscal year variant is also mandatory as it defines the fiscal year and period structure for the operating concern.Rate this question:
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- 33.
In which SAP S/4HANA components can you analyze the results of the results analysis? There are 3 correct answers to this question. 4.1
- A.
Sales and distribution
- B.
Inventory management
- C.
Profitability analysis
- D.
Financial accounting
- E.
Profit center accounting
Correct Answer(s)
C. Profitability analysis
D. Financial accounting
E. Profit center accountingExplanation
You can analyze the results of the results analysis in the Profitability analysis, Financial accounting, and Profit center accounting components of SAP S/4HANA. These components provide insights and reports on the profitability, financial performance, and cost allocation of the organization.Rate this question:
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- 34.
Which component provides insight into the effectiveness and results for areas of responsibility within the enterprise? 4.2
- A.
Revenue accounting and reporting
- B.
Results analysis
- C.
Profitability analysis
- D.
Profit center accounting
Correct Answer
D. Profit center accountingExplanation
Profit center accounting provides insight into the effectiveness and results for areas of responsibility within the enterprise. It allows businesses to track and analyze the performance of individual profit centers or segments within the organization. By assigning costs and revenues to specific profit centers, businesses can assess the profitability and effectiveness of each area. This information helps management make informed decisions, allocate resources effectively, and identify areas for improvement.Rate this question:
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- 35.
Where can you find actual transaction data of account-based CO-PA in SAP S/4HANA? 4.2
- A.
CE1XXXX
- B.
ACDOCA
- C.
BSEG
- D.
COEJ
Correct Answer
B. ACDOCAExplanation
ACDOCA is the correct answer because it is the table in SAP S/4HANA where actual transaction data of account-based CO-PA can be found. The ACDOCA table stores all the financial accounting and controlling data in a single unified table, making it the ideal source for retrieving actual transaction data for reporting and analysis purposes.Rate this question:
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- 36.
What is required before you can create a multi-level material cost estimate without quantity structure? 3.2
- A.
Material master with costing view
- B.
Material master with accounting view and with MRP views
- C.
Specific costing variants for material costings without quantity structure
- D.
Specific valuation variants for material costings without quantity structure
Correct Answer
A. Material master with costing viewExplanation
Before you can create a multi-level material cost estimate without quantity structure, it is necessary to have the material master with costing view. This view contains all the relevant cost-related information for the material, such as the standard cost, cost components, and costing variants. Without this information in the material master, it would not be possible to accurately calculate the cost estimate for the material.Rate this question:
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- 37.
What is the difference when you perform repost line items (TA: KB61) compared to manual reposting of costs (KB11n) for a cost center? There are TWO correct answers for this question 3.1
- A.
The line item needs a reference to an FI document
- B.
The line item values are validated against the original document
- C.
There is the option to assign the line item to several receiver objects
- D.
The report of the line item is updated in the original F1 document
Correct Answer(s)
A. The line item needs a reference to an FI document
B. The line item values are validated against the original documentExplanation
When performing repost line items (TA: KB61), the line item needs a reference to an FI document. This means that the reposted costs are linked to a specific financial document, providing a clear audit trail. Additionally, the line item values are validated against the original document, ensuring accuracy and consistency in the reposted costs.Rate this question:
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- 38.
Which customizing do you use for calculating work in progress (WIP)? There are THREE correct answers for this question 4.1
- A.
Settlement profile table
- B.
Posting rule table
- C.
Allocation structure table
- D.
Assignment table
- E.
Update table
Correct Answer(s)
B. Posting rule table
D. Assignment table
E. Update tableExplanation
The correct answer is the Posting rule table, Assignment table, and Update table. These three customizing settings are used for calculating work in progress (WIP). The Posting rule table determines how costs are allocated to different cost centers or projects. The Assignment table assigns costs to specific cost objects. The Update table specifies which values are updated in the WIP calculation. Together, these three settings ensure that the WIP calculation accurately reflects the costs incurred during a specific period.Rate this question:
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- 39.
Which objects are predefined characteristics in SAP S/4HANA? There are THREE correct answers for this question 3.1
- A.
Region
- B.
Product category
- C.
Plant
- D.
Company code
- E.
Controlling area
Correct Answer(s)
C. Plant
D. Company code
E. Controlling areaExplanation
The objects that are predefined characteristics in SAP S/4HANA are Plant, Company code, and Controlling area. These objects are preconfigured in the system and cannot be changed or modified by the user. The Plant represents a physical location where goods are produced or stored. The Company code represents a legal entity or organization within the SAP system. The Controlling area is responsible for cost accounting and management accounting activities. These predefined characteristics play a crucial role in various business processes and help in organizing and managing data in SAP S/4HANA.Rate this question:
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- 40.
You need to analyze different planning scenarios for cost centers. With which object do you differentiate the planning scenarios? 3.1
- A.
Cost center group
- B.
Company code
- C.
Operating concern
- D.
CO version
Correct Answer
D. CO versionExplanation
The planning scenarios for cost centers are differentiated with the CO version. CO version is a controlling area-specific parameter that allows for different versions of the same data to be maintained. By using different CO versions, organizations can create and analyze various planning scenarios for cost centers, enabling them to compare and evaluate different budgeting or forecasting options. This helps in making informed decisions and optimizing cost center planning.Rate this question:
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- 41.
How can you configure cycles for period-end allocation? There are TWO correct answers for this question 3.1
- A.
Create cycles that iterate with each other
- B.
Use different allocation rules within one segment
- C.
Define allocation for the same cost center in multiple segments
- D.
Assign several segments to a cycle
Correct Answer(s)
C. Define allocation for the same cost center in multiple segments
D. Assign several segments to a cycleExplanation
To configure cycles for period-end allocation, you can define allocation for the same cost center in multiple segments. This means that you can allocate costs from the same cost center to different segments within the cycle. Additionally, you can assign several segments to a cycle, which allows you to allocate costs from multiple segments within the same cycle. By doing so, you can distribute costs effectively and accurately across different segments and cost centers.Rate this question:
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- 42.
Which main elements do you configure for the overhead costing sheet? There are three correct answers for this question 3.1
- A.
Overhead rate
- B.
Calculation base
- C.
Credit key
- D.
Revaluation rate
- E.
Allocation structure
Correct Answer(s)
A. Overhead rate
B. Calculation base
C. Credit keyExplanation
The main elements that you configure for the overhead costing sheet are the overhead rate, calculation base, and credit key. The overhead rate is the percentage or amount used to calculate the overhead costs. The calculation base is the basis on which the overhead costs are calculated, such as labor hours or machine hours. The credit key determines how the overhead costs are allocated to different cost objects.Rate this question:
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- 43.
Which process can you use to credit internal orders during period-end closing? 3.1
- A.
Periodic reposting
- B.
Distribution
- C.
Indirect activity allocation
- D.
Assessment
Correct Answer
A. Periodic repostingExplanation
Periodic reposting is the process that can be used to credit internal orders during period-end closing. This process involves transferring costs or revenues from one internal order to another. It allows for the redistribution of costs or revenues based on predefined rules or allocations. By using periodic reposting, organizations can ensure accurate and transparent financial reporting by properly allocating costs and revenues to the appropriate internal orders.Rate this question:
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- 44.
What action do you perform to use the Cost-Based Percentage of Completion (POC) method? 4.1
- A.
Running the results analysis
- B.
Billing of a sales order during production
- C.
Setting to profitability analysis
- D.
Costing of an order
Correct Answer
A. Running the results analysisExplanation
To use the Cost-Based Percentage of Completion (POC) method, you need to run the results analysis. This process helps in determining the percentage of completion for a project based on the costs incurred and the progress made. By running the results analysis, you can accurately calculate the revenue and costs associated with the project, allowing for better financial reporting and decision-making.Rate this question:
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- 45.
What do you need to define in order to report variable costs that refer to the cost component split in account-based CO-PA? There are TWO correct answers for this question 4.2
- A.
A cost splitting profile
- B.
A price difference profile
- C.
A variable cost field in ACDOCA
- D.
A calculation formula
Correct Answer(s)
C. A variable cost field in ACDOCA
D. A calculation formulaExplanation
In order to report variable costs that refer to the cost component split in account-based CO-PA, you need to define a variable cost field in ACDOCA and a calculation formula. The variable cost field in ACDOCA allows you to store the variable costs in the account-based CO-PA document table. The calculation formula is used to calculate the variable costs based on the cost component split.Rate this question:
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- 46.
Which configuration is possible when you assign multiple company codes to a controlling area in SAP S/4HANA? 3.1
- A.
The company code currency may differ from the controlling area currency
- B.
The company code operational chart of accounts may differ from the controlling area operational chart of accounts
- C.
The company code fiscal year variant may differ from the controlling area fiscal year variant In the number of special periods
- D.
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
Correct Answer
A. The company code currency may differ from the controlling area currencyExplanation
In SAP S/4HANA, it is possible to assign multiple company codes to a controlling area where the company code currency may differ from the controlling area currency. This means that each company code can have its own currency, while the controlling area can have a different currency for consolidation and reporting purposes. This allows for flexibility in financial management and reporting across different company codes within the same controlling area.Rate this question:
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- 47.
Which key performance indicators (KPIs) does profit center accounting help you report? There are TWO correct answers for this question 4.2
- A.
Contribution of new customers to gross revenue
- B.
Return on capital expenditure investment
- C.
Profit contribution of a department
- D.
Impact on sales of a marketing activity
Correct Answer(s)
B. Return on capital expenditure investment
C. Profit contribution of a departmentExplanation
Profit center accounting helps you report the return on capital expenditure investment and the profit contribution of a department. This means that it provides information on the profitability and efficiency of investments made in capital expenditures, as well as the profitability of individual departments within the organization.Rate this question:
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- 48.
At which level can you assign a valuation strategy in CO-PA? There are TWO correct answers for this question 4.1
- A.
Sales order type
- B.
Record type
- C.
Costing key
- D.
Point of valuation
Correct Answer(s)
B. Record type
D. Point of valuationExplanation
In CO-PA, a valuation strategy can be assigned at the record type level and the point of valuation level. The record type determines the structure of the actual line items in CO-PA, and the point of valuation determines the level at which the valuation is performed. By assigning a valuation strategy at these levels, companies can accurately determine the profitability of their products or services.Rate this question:
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- 49.
Which cost estimates must you reuse with the transfer control functionality? 3.2
- A.
Cost estimates within the same plant
- B.
Cost estimates with same cost component structure
- C.
Cost estimates across company codes
- D.
Cost estimates with quantity structure
Correct Answer
B. Cost estimates with same cost component structureExplanation
The transfer control functionality allows for the reuse of cost estimates with the same cost component structure. This means that if two cost estimates have the same breakdown of cost components, they can be transferred and reused. This can save time and effort in creating new cost estimates from scratch, as the existing structure can be used as a template. The other options listed, such as cost estimates within the same plant, across company codes, or with quantity structure, do not specifically mention the need for the same cost component structure, and therefore do not apply to the question.Rate this question:
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- 50.
Which process determines the target costs of the cost object in a product cost by order scenario? 3.2
- A.
Actual costs calculation
- B.
Work in progress (WIP) calculation
- C.
Variance calculation
- D.
Accrual calculation
Correct Answer
C. Variance calculationExplanation
In a product cost by order scenario, the process that determines the target costs of the cost object is variance calculation. Variance calculation involves comparing the actual costs incurred during the production process with the standard or expected costs. The variances can be favorable (if actual costs are lower than expected) or unfavorable (if actual costs are higher than expected). By analyzing these variances, management can identify areas where costs can be reduced or improved, allowing them to set target costs for future orders.Rate this question:
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