3.2 SAP S/4HANA For Management Accounting Associates Certification

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By U123456
U
U123456
Community Contributor
Quizzes Created: 3 | Total Attempts: 1,028
| Attempts: 380
SettingsSettings
Please wait...
  • 1/19 Questions

    For which revenue carrying cost objects does the system perform results analysis? There are 3 correct answers to this question. 3.2

    • Cost center
    • Internal order
    • Work breakdown structure
    • Business processes
    • Customer service orders
Please wait...
3.2 SAP S/4HANA For Management Accounting Associates Certification - Quiz
About This Quiz

This quiz assesses knowledge in SAP S\/4HANA for Management Accounting, focusing on internal orders, transfer control, and cost estimates. It's designed for associates to validate their skills in handling cost objects and analyzing financial data relevant to management accounting.

Quiz Preview

  • 2. 

    Which object do you configure to reuse material cost estimate for the costing process? 3.2

    • Group costing

    • Transfer control

    • Valuation variant

    • Quantity structure control

    Correct Answer
    A. Transfer control
    Explanation
    Transfer control is the object that you configure to reuse material cost estimates for the costing process. Transfer control allows you to transfer cost estimates from one cost estimate to another, which helps in reusing the material cost estimates and saves time and effort. By configuring transfer control, you can easily transfer the cost estimates from one costing object to another, ensuring consistency and accuracy in the costing process.

    Rate this question:

  • 3. 

    What can you analyze in detail when you transfer the cost component split from product cost planning to costing-based CO-PA? 3.2

    • Variance categories

    • Cost of goods manufactured

    • Cost of goods sold

    • Sales revenues

    Correct Answer
    A. Cost of goods sold
    Explanation
    When you transfer the cost component split from product cost planning to costing-based CO-PA, you can analyze the cost of goods sold in detail. This means that you can break down the cost of goods sold into its various components, such as direct materials, direct labor, and overhead costs. This analysis allows you to understand the specific costs that contribute to the overall cost of goods sold and can help in identifying areas for cost reduction or improvement.

    Rate this question:

  • 4. 

    You want to use a template for activity and process assignment to your material cost estimate. What do you need to do?* 3.2

    • Use the costing sheet of the costing view 1 in the template determination table

    • Use the template allocation function in the material cost estimate and the costing run

    • Assign a template to an operation in the routing of the material

    • Assign a template directly to costing view 1 of the material master record

    Correct Answer
    A. Use the template allocation function in the material cost estimate and the costing run
  • 5. 

    Which parameters can you enter when you create a costing run? There are THREE correct answers for this question 3.2

    • Costing variant

    • Valuation variant

    • Costing version

    • Transfer control

    • Production version

    Correct Answer(s)
    A. Costing variant
    A. Costing version
    A. Transfer control
    Explanation
    When creating a costing run, you can enter the costing variant, costing version, and transfer control as parameters. The costing variant determines the calculation rules and settings for the costing run. The costing version specifies the version of the cost estimate to be used. Transfer control determines the transfer of data from one step of the costing run to another. The other options listed, valuation variant and production version, are not parameters that can be entered when creating a costing run.

    Rate this question:

  • 6. 

    Which object can you configure t offset overhead surcharges for a cost object? There are THREE correct answers for this question 3.2

    • Internal order

    • Profit center

    • Business process

    • Profitability segment

    • Cost center

    Correct Answer(s)
    A. Internal order
    A. Business process
    A. Cost center
    Explanation
    The internal order, business process, and cost center can all be configured to offset overhead surcharges for a cost object. The internal order allows for the allocation of costs to specific projects or tasks within a company. The business process represents a specific activity or set of activities within a company, and can be used to track costs associated with that process. The cost center is a specific department or division within a company, and can be used to track costs associated with that department. By configuring these objects, overhead surcharges can be properly allocated and accounted for.

    Rate this question:

  • 7. 

    What is required before you can create a multi-level material cost estimate without quantity structure? 3.2

    • Material master with costing view

    • Material master with accounting view and with MRP views

    • Specific costing variants for material costings without quantity structure

    • Specific valuation variants for material costings without quantity structure

    Correct Answer
    A. Material master with costing view
    Explanation
    Before creating a multi-level material cost estimate without a quantity structure, it is necessary to have a material master with a costing view. The costing view in the material master contains all the relevant information and data required for cost estimation. This includes details such as the base quantity, cost component structure, overhead rates, and costing variants. Without this information in the material master, it would not be possible to accurately calculate and estimate the material cost at different levels.

    Rate this question:

  • 8. 

    Which cost estimates must you reuse with the transfer control functionality? 3.2

    • Cost estimates within the same plant

    • Cost estimates with same cost component structure

    • Cost estimates across company codes

    • Cost estimates with quantity structure

    Correct Answer
    A. Cost estimates with same cost component structure
    Explanation
    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 cost component structure, they can be transferred and reused using this functionality. This can help to save time and effort in creating new cost estimates, as existing ones can be reused and adjusted as needed.

    Rate this question:

  • 9. 

    Which process determines the target costs of the cost object in a product cost by order scenario? 3.2

    • Actual costs calculation

    • Work in progress (WIP) calculation

    • Variance calculation

    • Accrual calculation

    Correct Answer
    A. Variance calculation
    Explanation
    Variance calculation is the process that determines the target costs of the cost object in a product cost by order scenario. This involves comparing the actual costs incurred during the production process with the standard or expected costs. The variance calculation helps identify any deviations or differences between the actual and expected costs, allowing for adjustments to be made in order to achieve the desired target costs for the cost object.

    Rate this question:

  • 10. 

    Which views can you use to analyze the costing results within the costing run tool? There are THREE correct answers for this question 3.2

    • Costing levels report

    • Variance report

    • Material list report

    • Analysis report

    • Work in progress report

    Correct Answer(s)
    A. Costing levels report
    A. Material list report
    A. Analysis report
    Explanation
    The costing levels report, material list report, and analysis report are all views that can be used to analyze the costing results within the costing run tool. The costing levels report provides a breakdown of the costs at different levels of the cost hierarchy. The material list report shows the costs associated with different materials used in the production process. The analysis report provides a comprehensive analysis of the costing results, including variances and other relevant information. These views help users understand and analyze the costs incurred during the costing run.

    Rate this question:

  • 11. 

    In a make-to-order scenario, you use a sales order with an assigned production order and non-valuated sales order stock. Which process do you use to post actual costs on a sales order in SAP S/4HANA? There are TWO correct answers for this question 3.2

    • Delivery from production order to sales order stock

    • Production order settlement

    • External goods receipt on sales order stock

    • Production order confirmation

    Correct Answer(s)
    A. Production order settlement
    A. Production order confirmation
    Explanation
    In SAP S/4HANA, you can post actual costs on a sales order using the production order settlement process. This process allows you to settle the costs incurred during production to the sales order. Additionally, the production order confirmation process can also be used to post actual costs on a sales order. This process confirms the completion of production activities and updates the costs on the sales order.

    Rate this question:

  • 12. 

    Independent from the cost object, which parameters are always contained in a costing variant? There are TWO correct answers for this question 3.2

    • Reference variant

    • Valuation variant

    • Transfer control

    • Costing type

    Correct Answer(s)
    A. Valuation variant
    A. Costing type
    Explanation
    The parameters that are always contained in a costing variant are the valuation variant and the costing type. The valuation variant determines how the costs of materials are calculated and the costing type determines the method used to calculate costs for a particular cost object. These parameters are independent of the cost object and are always included in a costing variant.

    Rate this question:

  • 13. 

    What do you use to map the primary cost component split to the production cost component structure? 3.2

    • Allocation structure

    • Assignment scheme

    • Cost Component groups

    • Transfer structure

    Correct Answer
    A. Transfer structure
    Explanation
    Transfer structure is used to map the primary cost component split to the production cost component structure. It defines the rules and logic for transferring costs from one component to another. It specifies how the costs are allocated and assigned within the cost component structure. By using transfer structure, the primary cost component split can be accurately mapped and reflected in the production cost component structure.

    Rate this question:

  • 14. 

    What do you get if you mark a standard price cost estimate? There are TWO correct answers for this question 3.2

    • An accounting document for material ledger

    • A future standard price

    • A new status in the cost estimate

    • A cost-based CO-PA document for material revaluation

    Correct Answer(s)
    A. A future standard price
    A. A new status in the cost estimate
    Explanation
    Marking a standard price cost estimate results in two things. Firstly, it creates a future standard price, which is the anticipated price for a material or product in the future. This future standard price is used for planning and budgeting purposes. Secondly, it updates the status of the cost estimate, indicating that it has been marked and is now considered valid. This allows for better tracking and management of cost estimates in the system.

    Rate this question:

  • 15. 

    What can you use to difference two or more cost estimates for the same material? There are TWO correct answers for this question 3.2

    • Costing version

    • Costing variant

    • Transfer control

    • Valuation variant

    Correct Answer(s)
    A. Costing variant
    A. Valuation variant
    Explanation
    To differentiate two or more cost estimates for the same material, you can use the costing variant and valuation variant. The costing variant allows you to define different costing methods and parameters for cost estimates, while the valuation variant helps in determining the valuation strategy for the material. By utilizing both variants, you can obtain distinct cost estimates based on specific criteria or requirements, enabling better analysis and decision-making.

    Rate this question:

  • 16. 

    What do you do to create a primary cost component split? There are TWO correct answers for this question 3.2

    • Assign a cost component structure to the CO-version

    • Use the cost splitting tool on cost centers

    • Run an activity price calculation

    • Enter split activity prices manually

    Correct Answer(s)
    A. Assign a cost component structure to the CO-version
    A. Run an activity price calculation
    Explanation
    To create a primary cost component split, you need to assign a cost component structure to the CO-version. This allows you to define the different cost components that make up the total cost. Additionally, you need to run an activity price calculation to determine the activity prices associated with each cost component. This calculation helps in allocating the costs accurately based on the activities performed. By combining these two steps, you can create a primary cost component split and effectively track and analyze costs within the organization.

    Rate this question:

  • 17. 

    Which processes belong to the “final costing” of cost objects? There are TWO correct answers for this question 3.2

    • Revaluation at actual costs

    • Work in process

    • Variance calculation

    • Overhead surcharge

    Correct Answer(s)
    A. Work in process
    A. Variance calculation
    Explanation
    The processes of "Work in process" and "Variance calculation" belong to the "final costing" of cost objects. "Work in process" refers to the calculation of costs associated with unfinished goods or services, while "Variance calculation" involves determining the differences between actual and expected costs. These processes are essential in accurately determining the final cost of a product or service.

    Rate this question:

  • 18. 

    For which objects can you revaluate activities and business processes at actual prices? There are THREE correct answers for this question 3.2

    • Profit centers

    • Work breakdown structure elements

    • Work centers

    • Cost centers

    • Profitability segments

    Correct Answer(s)
    A. Profit centers
    A. Work breakdown structure elements
    A. Profitability segments
    Explanation
    Profit centers, work breakdown structure elements, and profitability segments are all objects within an organization that can be used to revaluate activities and business processes at actual prices. Profit centers are specific units or departments within a company that generate revenue and incur expenses, making them appropriate for evaluating activities and processes based on actual costs. Work breakdown structure elements are components of a project or task that can be analyzed for cost and performance, allowing for reevaluation at actual prices. Profitability segments are segments of a business that are analyzed for their profitability, making them suitable for reevaluating activities and processes based on actual prices.

    Rate this question:

  • 19. 

    Which object do you have to assign the cost component structure to? 3.2

    • Valuation variant

    • Costing variant

    • Material master record

    • Costing type

    Correct Answer
    A. Costing variant
    Explanation
    The cost component structure needs to be assigned to the costing variant. The costing variant is a key element in controlling the cost calculation process in SAP. It determines the parameters and settings for cost estimation, such as the valuation variant, costing type, and other cost components. By assigning the cost component structure to the costing variant, the system knows which cost components to consider during cost calculation for materials.

    Rate this question:

Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 30, 2020
    Quiz Created by
    U123456
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.