TS410 Practice questions ch4

As part of the implementation team, you need to correctly identify relationships between various organizational levels in SAP ERP. Which of the following will you say is true regarding organizational levels? (2 correct answers) a. A controlling area is assigned to a plant b. A company code is assigned to an operating concern c. A controlling area is assigned to an operating concern d. A company code is assigned to a controlling area

A controlling area is assigned to an operating concern; A company code is assigned to a controlling area

Which of the following determines the number range available for a GL account master record? a. Line item display b. Field status group c. Currency d. Account group e. Account type

Account group

You are creating General Ledger Account master data in SAP ERP Financial Accounting. While creating this GL account, which of the following entries must always be assigned? (3 correct answers) a. Account Group b. Short text c. Group account d. Sample account number e. Account type

Account group; Short text; Account Type

How do cost centers calculate the rate for a resource's time?

Activity Type Correct. Cost Centers are used and are paired to Activity Types to determine the rate of the particular activity.

Activity based costing occurs when costs are allocated based on work performed. Which of the following master data is required to perform an activity allocation? (4 correct answers) a. Activity price b. Secondary cost element c. Primary cost element d. Activity type e. Cost center

Activity price; Secondary cost element; Activity type; Cost center

Asset transactions include acquisitions and/or retirement of assets in an enterprise. SAP ERP Financial Accounting offers a simple tool for viewing such asset transactions as well as other asset information and activity. Which of the following allows you to view such asset activity? a. Account explorer b. Asset viewer c. Accounts viewer d. Item explorer e. Asset explorer

Asset explorer

You can assign profit centers to the following objects in SAP S/4HANA: (3 correct answers) a. Assets b. Projects c. Cost Centers d. G/L Accounts

Assets; Projects; Cost Centers You can assign a profit center to Materials, Sales Order Items and Cost Centers (in addition to other objects). An assignment to a G/L account is not possible.

Select the types of general ledger accounts that can be created. a. Expense b. Balance Sheet c. Cost Center d. Secondary Cost

Balance Sheet; Secondary Cost Correct. There are 5 general ledger account types; Balance Sheet, Non-Operating Expense/Revenue, Primary Cost Account, Secondary Cost Account and Cash Account.

An Internal Order is an extremely flexible tool in SAP ERP Management Accounting that can be used for a wide variety of purposes to track costs and, in some cases revenues, within a controlling area. Which of the following order types are internal orders? (2 correct answers) a. Maintenance orders b. Capital investment orders for creating assets c. Sales orders for make-to-order products d. Result analysis orders for posting accrual costs in CO.

Capital investment orders for creating assets; Result analysis orders for posting accrual costs in CO.

Organizational levels play an important role in SAP ERP Financial Accounting. Your colleagues have asked you to explain the relationship of the client with various FI components. You explain the client is the highest organizational level in SAP ERP and _____________ are organizational levels in FI. (3 correct answers) a. Plant b. Chart of Accounts c. CoCd d. Segment

Chart of Accounts; CoCd; Segment

When creating a GL master record centrally, you create data for which organizational levels? (2 correct answers) a. Client b. Plant c. Controlling Area d. Company Code e. Chart of Accounts

Company Code; Chart of Accounts

What organizational data is used in Management Accounting?

Controlling Area Correct. Controlling Area and Operating Concern are the two organizational levels for Management Accounting

Which of the following represent components in CO? (4 correct answers) a. Cost Element Accounting b. Overhead Cost Controlling c. Profit Center Accounting d. CO-PA e. Asset Accounting

Cost Element Accounting; Overhead Cost Controlling; Profit Center Accounting; CO-PA

Select all correct answers about General Ledger Accounts. a. Created in Financial Accounting (FI) b. Created in Management Accounting (CO) c. Can only be posted to directly. d. Defined in the Chart of Accounts

Created in Financial Accounting (FI); Defined in the Chart of Accounts Correct. General Ledger Accounts are created in Financial Accounting. Once created in the Chart of Accounts, they can be extended to the Company Codes that will use them on Financial Statements.

What is the posting key requirement when posting a General Ledger document using an expense account? a. Enter a Company Code b. Enter a date c. Enter a controlling object d. Enter tax code

Enter a controlling object Correct. A controlling object is always required when posting expenses. The system needs this data to post the actual expense amount to that cost object.

In which role of the Customer Business Partner will you find the customer link to the reconciliation account? a. General b. FI Customer c. Sales area d. Customer

FI Customer

The depreciation is posted in Asset Accounting (AA) and the General Ledger (G/L) before the depreciation posting run is completed. a. true b. false

False Correct. The actual depreciation is posted in Asset Accounting (FI-AA) and the General Ledger (G/L) only after the depreciation posting run is completed.

In SAP S/4HANA Finance, a Company Code can be assigned to multiple Controlling Areas. a. True b. False

False Correct. A Company Code can only be assigned to one Controlling Area in the SAP Enterprise Structure

Reconciliation accounts are designed for direct posting. a. true b. false

False Correct. The reconciliation between subledger and G/L is always guaranteed because the G/L reconciliation account is not enabled for direct posting.

Which of the following are tasks of Financial Accounting? a. Financial Accounting posts all financial transactions, revenues, and expenses. b. Financial Accounting provides data for cost center managers. c. Financial Accounting analyzes cost variances and inefficiencies in the company. d. Financial Accounting allows the setting up of a profit and loss statement and a balance sheet.

Financial Accounting posts all financial transactions, revenues, and expenses.; Financial Accounting allows the setting up of a profit and loss statement and a balance sheet.

Which of the following are master data in Overhead Cost Controlling? (2 correct answers) a. Sales Orders b. Internal Order c. Activity Based Costing d. Cost center e. Projects

Internal Order; Cost center

The purpose of ________________ is to collect revenue and expenses by areas of responsibility to be used for internal management reporting purposes. a. Treasury b. Enterprise controlling c. Management accounting d. Financial accounting

Management accounting

You are about to create a statistical key figure to help with the distribution of costs in SAP ERP Management Accounting. Which of the following are examples of fixed (Type 1) statistical figures? (2 correct answers) a. Hours of maintenance labor b. Number of network connections c. Kilowatt hours used d. Square footage of a building

Number of network connections; Square footage of a building

You are creating a Profit Center master record. Which of the following can be found in the profit center master record? (3 correct answers) a. Person responsible b. Hierarchy node c. Cost center d. Business segment

Person responsible; Hierarchy node; Business segment

For which of the following elements does the Asset Explorer give a clear overview of the activities carried out for an asset? a. Planned value b. Posted and planned depreciation c. Acquisitions from vendor d. Settled value

Planned value; Posted and planned depreciation Correct. The Asset Explorer gives a clear overview of the activities carried out for an asset for planned value, and posted and planned depreciation.

For which object in CO can you derive a balance sheet? a. Production order b. Project c. Profit Center d. Profitability segment e. Cost center

Profit Center

Which object in CO is always a statistical object? a. Production order b. Project c. Profit center d. Cost center e. Profitability segment

Profit center

What data recorded in the FI Vendor role of a business partner is needed to connect them with the Accounts Payable balance sheet account? a. Reconciliation Account b. Payment Terms c. Payment Method d. Incoterms

Reconciliation Account Correct. The reconciliation account connects the vendor with the correct General Ledger account for Accounts Payable to be performed.

Which of the following is used to connect the GL to sub-ledger accounts? a. Liabilities b. Reconciliation accounts c. Expense accounts d. Assets

Reconciliation accounts

You are preparing an assessment in SAP ERP Management Accounting. Which type of cost element is used to perform an assessment? a. Primary b. Cost object c. Secondary d. Revenue

Secondary

While creating an asset master record, which things must always be assigned to the asset? (3 correct answers) a. Segment b. Asset class c. Posting Key d. Controlling area e. Company Code

Segment; Asset class; Company Code

Which of the following creates a relationship between and internal order and a fixed asset? a. Settlement rule b. Order type c. Object class d. Business segment

Settlement rule

What functionality uses non monetary data, like number of employees in a department, to figure costs to be allocated from one cost center to many cost centers? a. Activity Types b. Internal Orders c. Statistical Key Figures d. Asset Class

Statistical Key Figures Correct. Statistical Key Figures are a tracing factor for assessments made when non monetary data is used for cost distributions.

When reviewing an accounting document, you notice the presence of posting keys. Which of the following is true of posting keys? (2 correct answers) a. The posting key determines whether the line item was a credit or debit posting b. They appear in the header of the document c. Each line item in the document has the same posting key d. The posting key determines the account type for each line item

The posting key determines whether the line item was a credit or debit posting; The posting key determines the account type for each line item

In G/L accounting, you can deal with different reporting standards by using parallel ledgers. a. true b. false

True Correct. In G/L accounting, you can deal with different reporting standards by using parallel ledgers.