Management Accounting 1909 set 2 (chapter 2)

CO-PA includes a multidimensional reporting tool for creating reports to analyze data for any market segment and any profitability measure.? T/F

True

CO-PC evaluates the cost of goods manufactured for a product and the costs associated with providing a service or when carrying out a project (planned and actual cost)? T/F

True

Central cost flows can exist between CO-OM and CO-PC. T/F

True

Determine whether this statement is true or false. Management Accounting includes cost/revenue and overhead accounting, and activity-based costing.

True

Determine whether this statement is true or false. Profit Center Accounting receives statistical cost postings from all other Management Accounting components. True False

True

Determine whether this statement is true or false. SAP S/4HANA can run on an SAP HANA database only. (material) True False

True

Using numerous overhead allocation methods, the overheads can be assigned to the cost objects and coverted to direct costs?T/F

True

----------- enables you to evaluate market segments, with respect to your company's profit or contribution margin. The market segments can be freely classified according to products, customers, orders, or any combination of characteristics as profitability segment? a. Profit center accounting b. activity based accounting c. Profitability Analysis (CO-PA) d. Product costing (CO-PC)

C

Management accounting covers all aspects of Management Accounting regarding different work areas like a. overhead management, b. product costing c. profitability analysis.

a b c

For Managemet accounting, Standard functionality in all reports are functions such as, a. Drill-down Reporting b. Line Item Reporting. c. a and b

c

SAP S/4 Hana deployment options: a. Hana On premise b. Hana cloud c. Hana cloud private option d. All of the above

D

Cost Object Controlling (COC) focuses only on period-end closing.(material) True False

False

Determine whether this statement is true or false. An existing SAP ERP customer can upgrade their existing system to SAP S/4HANA only if they have already implemented new G/L accounting. (Material) True False

False

SAP S/4HANA can run on non-HANA databases but it is slower. (Material) True False

False

System Conversions can only be done to an cloud deployment? T/F

False

The posting and assignment of costs to cost centers supports Management Accounting. In one line item, multiple controlling object can be assigned, which might be a cost center or another cost object like an internal order. T/F

False

You can assign only one controlling area to each operating concern? T/F

False

CO-OM examines the origin of costs in the functional areas of an enterprise. T/F

True

CCA indicates the location of the costs incurred while ABC indicates the reason and purpose for the costs incurred?T/F

True

In Product Cost Controlling, the supply chain of the company is tracking. In the product cost planning, the manufacturing cost and cost of goods sold are calculated. The materials needed for the products are defined in the Bill Of Materials (BOM). The required activities for the production are defined in routings. T/F

True

Inter-departmental costs might be posted on internal orders and settled to other cost objects (such as, cost centers and projects) or settled directly to the company's results? T/F

True

Management Accounting contains all the functions necessary for effective cost and revenue reporting oriented to the specific requirements of an enterprise? T/F

True

Overhead costs are costs that cannot be assigned directly to a product or a service T/F

True

SAP HANA is designed for supporting both Online transactional processing and Online analytic processing. (OLAP and OLTP) (material) True False

True

SAP S/4 Hana is built natively and optimally to run only on the SAP HANA platform? (material) T/F

True

SAP S/4HANA Cloud, single-tenant edition is offered with 2 upgrades per year, while SAP S/4HANA on-premise is offer with one annual upgrade? T/F

True

SAP S/4HANA's simplified data model and modern user experience are consistent for both cloud and on premise. T/F

True

System Conversions can only be done to an on-premise deployment. T/F

True

The Overhead Cost Controlling enables you to plan, allocate, control and monitor the overhead cost? T/F

True

To realize the vision of an intelligent enterprise SAP has defined 8 key principles: T/F ​a. Holistic E2E Business Processes. b. Industry Coverage. c. Unified Integration​. d. Openness and Modularity.​ e. Harmonized User Experience. f. Embedded Intelligence. g. Common Data Foundation. ​ h. Reusable Business Services.​

True

Using the costing based CO-PA, you can analyze several controlling areas within one report. In the accounting based CO-PA, you can assign the controlling area only to the head of the report which means that only one controlling area can be accessed in one report? T/F

True

With new general ledger accounting, a profit center is a financial accounting account assignment? T/F

True

You can assign more than one company code to a controlling area, which enables controlling across company codes? T/F

True

You can do a source-based analysis of the resulting target/actual cost variances, and use the analyses for further managerial accounting measures within Controlling? T/F

True

You use cost drivers as a basis for allocating process quantities? T/F

True

overhead costs + process cost =production costs, which are used for the evaluation of the material in stock as well for the cost of goods sold T/F

True

system conversions preserves the existing configuration and customization, as long as those customizations will work with S/4HANA or can be adapted to work with S/4HANA ? T/F

True

you can use Activity-Based Costing (CO-OM-ABC) to make a process-oriented, cross-functional recording of overhead costs? T/F

True

----- Period-end closing calculates the value of goods still in production (WIP) and the variances between the cost estimate and the actual costs. These variances are posted to other components, such as CO-PA and FI. a. cost object controlling b. Product cost planning

a

----- is concerned with all aspects of planning the cost of producing products or services, as well as tracking and analyzing the actual costs. a. CO-PC b. CO-PA c. CCA

a

------------ accesses master data in other components, such as BOMs, routings, and work centers in Production Planning; and cost centers, activity types, and business processes in Overhead Cost Controlling. Costing data within ------- can also be made available to other applications. For example, you can update the standard price in the material master with the results of cost estimates and valuate materials using the new standard price. a. Product cost planning (PCP) CO-PC b. CCA c. CO-PA

a

------------ in the New General Ledger analyzes the success of the profit centers in an enterprise. a. profit center accounting b. cost center accounting c. cost element accounting

a

Choose the correct answer. Which component could you use to analyze profits and contribution margins for the market segments of your company? a. Profitability Analysis (CO-PA) b. Profit Center Accounting c. Revenue Order Accounting d. Product Cost Accounting

a

Choose the correct answer. Which component tracks the costs of single tasks or current activities within a controlling area? a. Overhead Order Accounting b. Cost Center Accounting c. Cost Element Accounting d. Profit Center Accouting

a

Overhead costs are assigned to overhead objects such as ---------a. cost centers and internal objects. b. Profit centers c. Assets d. cost elements

a

Process costs that are not assigned to any cost object are transferred to ------,which enables more precise and complete settlement of overhead costs. a. CO-PA b. CO-PC c. CCA

a

The objective of the ----------- and overhead cost controlling is the planning and actual account of overheads, a detailed variance analysis of planned and incurred costs, and the cause-driven allocation of the costs to the cost objects, for example, production orders or sales orders. a. cost center accounting b. profit center accounting c. cost element accounting

a

Either way, SAP S/4HANA maintains consistency with the a. data model b. user experience c. code line.

a b c

These orders are used to monitor the overhead costs that are incurred for a certain purpose (such as holding a trade fair) or for documenting costs (such as maintenance and repair tasks). a. Overhead cost orders: b. Investment orders: c. Accrual orders: d. Orders with revenues:

a

You can use this -----------tool to analyze the profitability of segments in your external market. These segments can be defined by product, customer, geographical area, or other characteristics, and by your internal organizational units, for example, company codes or business areas. a. Profitability Analysis b. Cost center c. Profit center d. sales area

a

Profitability and sales accounting - methods: The following methods are used to compile profitability reports: a. Cost of Sales Accounting (CSA) b. Period accounting

a b

Transition paths: a. new implementaion b. system conversion

a b

Adoption scenarios for sap s/4 hana: a. upgrade and migrate b. upgrade, migrate and consolidate c. Replicate in to a Central Finance

a b c

CO-PC consists of the following components: a. Product Cost Planning (PCP) b. Cost Object Controlling (COC) c. Actual Costing and Material Ledger (CO-PC-ACT)

a b c

Choose the correct answer(s). Identify the categories of Internal Order. (material) a. Overhead cost orders b. Investment orders c. Accrual orders d. Process orders

a b c

Choose the correct answer(s). Product Cost Controlling (CO-PC) consists of the following components.(material) a. Product Cost Planning (PCP) b. Cost Object Controlling(COC) c. Actual Costing and Material Ledger (CO-PC-ACT) d. Profit Center Accounting

a b c

Cost Object Controlling Processes a. Preliminary costing b. Simultaneous costing c. Period-end closing

a b c

Depending on the account category, which is primary cost or revenue as well as secondary cost, in the general ledger account master record, the parameter cost element category occurs with the following categories: a. Primary cost b. Accrual c. Revenue

a b c

SAP HANA's unified, in-memory columnar data store provides three unique capabilities that are central to the delivery of intelligent ERP: a. Real-time data processing: eliminating any reliance on batch processing, so your system can lean and act continuously. b. Combined transactions and analytics on the same data store: enables timely, actionable and accurate decision support insights within the transaction. c. simplified data model: enables more business flexible, the ability to quickly adapt models, to have a holistic view and new ways to interact and understand your data.

a b c

SAP provides three essential components to help your business transform into an intelligent enterprise: a. an intelligent suite, b. a digital platform, c. intelligent technologies.

a b c

Cost Object Types per Requirement: a. Sales orders b. Production orders c. Process orders d. Production cost collectors

a b c d

Cost Objects and Cost Postings Cost objects can receive direct cost postings from the following sources: a. Financial Accounting (FI) (assignment of invoice receipt to a cost object) b. Costs from cost centers (if production activities are carried out or from overhead accounting) c. Costs calculated from internal orders d. Costs allocated from ABC processes In addition to direct posting from FI, profitability analysis can receive cost assessments from cost centers and ABC processes, cost settlements from internal orders, and production variances settled from cost objects.

a b c d

Examples of Cost Drivers: a. Output quantity or scrap quantity of a production order b. Number of processed sales order items c. Number of network operations for a project d. Information from the material or service master

a b c d

General Ledger Accounts use the parameter Account Type with the categories: a. Balance Sheet Account b. Non-operating expense and income c. Primary cost or revenue d. Secondary cost

a b c d

Management accounting components grouped: a. Classify costs : cost element accounting b. Controlling overhead costs and allocating costs: Co-OM (activity based costing) c. Evaluate the cost of goods or services: CO-PC product costing d. Analyze profit CO-PA d. Analyze success of individual profit centers PCA

a b c d

Product cost accounting: a. Preliminary costing b. Simultaneous costing c. Final costing d. Calculation of actual cost of goods manufactured.

a b c d

Profitability and sales accounting: a. Sales revenue/business planning b. Drill down reporting c. Profit center analysis d. Parallel valuation/transfer pricing

a b c d

SAP Leonardo innovations add intelligence to applications as follows: a. Automate the End-to-End processes: Increase efficiency and reduce costs with SAP's finance portfolio b. Detect and prevent: Detect and rank information out of Big Data c. Predict: Derive knowledge from historical information to increase the accuracy of predictive scenarios d. Proactive context sensitive support: The digital assistant boosts productivity of your financial experts

a b c d

The internal orders categories based on purpose include: a. Overhead cost orders: b. Investment orders: c. Accrual orders: d. Orders with revenues:

a b c d

The costing of products is used for the following purposes: a. Decision support for the assortment and product policy b. Bottom prices determination for the pricing in the marketing and sales departments c. Inventory valuation of products: semi-finished and finished goods inventories in current assets on the balance sheet d. Calculation of the cost for selling products e. Variance analysis

a b c d e

There are many factors in making the on premise or cloud deployment decision, but they can be simplified into a few major dimensions: a. IT strategy b. innovation cycles c. business functionality d. deployment times e. regulatory

a b c d e

Overhead cost controlling: a. Planning b. Price calculation c. Distribution d. Assessment e. Process allocation f. Activity allocation (fixed and variable

a b c d e f

What are the business benefits of SAP S/4HANA Finance? a. Reduced system complexity b. Single source of truth on the line item level c. Automatic update of custom applications to SAP HANA standards d. Overall reporting across financial applications

a b d

Choose the correct answer(s). What are the two components of Overhead Cost Controlling (CO-OM)? (material) a. Cost Center Accounting (CCA) b. Profit Center Accounting c. Cost Element Accounting d. Profitability and Sales Accounting

a c

Choose the correct answer(s). Which of the following features relate to Management Accounting? a. Cost accounting b. Financial statements c. Standards d. Operating data preparation

a d

----- posts the cost for producing goods and services (and, in certain cases, also their sales revenues) to FI or to profitability and sales accounting. a. CCA b. CO-PC c. PCA

b

These orders are used to monitor costs that are incurred for an asset under construction, for example, a building or a warehouse. a. Overhead cost orders: b. Investment orders: c. Accrual orders: d. Orders with revenues:

b

The multiplying of the required activity quantity with the activity prices of the cost center activities, results in the -------------- a. material costs b. manufacturing costs c. cost of goods sold

b.

Choose the correct answer. Which component do company managers use for a process-oriented view of financial data? It provides a clear and precise view of the activities provided in your organization and the related costs. a. Cost Center Accounting (CCA) b. Internal Order Acounting (OPA) c. Activity-Based Costing (ABC) d. Profitability Analysis (PA)

c

Choose the correct answer. Which of the following component classifies the costs and revenues posted to Management Accounting? a. Overhead Cost Controlling (CO-OM) b. Product Cost Controlling (CO-PC) c. Cost Element Accounting d. Profitability Analysis (CO-PA)

c

Profitability and sales accounting is used for enterprise planning. However, the main focus is to determine the actual business profit and loss. The two views that are always used for this purpose include the external view of the market for analyzing profitability segments (CO-PA) and the internal view of a company's individual parts for Profit Center Accounting. a. CO-PC b. PCA c. CO-PA d. CCA

c

The ------- reflects the entire structure of all cost centers in the controlling area, and provides cost totals at each node of the structure. a. account type b. category c. standard hierarchy

c

These orders are the offsetting entries of accrual costs (calculated costs in Management Accounting). a. Overhead cost orders: b. Investment orders: c. Accrual orders: d. Orders with revenues:

c

When it's time to deploy SAP S/4HANA, the choices are a. on premise b. in the cloud. c. both A and B are correct

c

he material ledger forms the basis for actual costing and enables inventory valuation to be performed in up to ----- currencies or valuation methods. a. one b. two c. three d. four

c

ll goods movements in the material ledger are updated in up to --------- currencies or valuation methods. a. one b. two c. three d. four

c

Choose the correct answer. Which component or components would be useful for managing overhead costs? a. Cost Center Accounting b. Product Cost Controlling (CO-PC) c. Profit Center Accounting d. Activity-Based Costing (ABC)

d

Overhead costs are then passed on to production processes. These direct services and processes and the direct material consumption are assigned to specific orders for specific products and services. These services and processes are then made available to the customer. SAP applications generate data that have a direct impact on Management Accounting, so there is a mechanism to pass the data to Management Accounting. This mechanism is called a. CCA b. PCA c. CO-PC d. cost and revenue element accounting.

d

The objective of the---------- for the system is to provide your sales, marketing, product management, and corporate planning departments with information to support internal accounting and decision-making? a. Product costing b. Activity based costing c. Cost Element accounting d. Profitability Analysis (CO-PA)

d

These orders are used as cost objects to track costs and revenues. a. Overhead cost orders: b. Investment orders: c. Accrual orders: d. Orders with revenues:

d

Determine whether this statement is true or false. Improvements to finance with SAP S/4HANA concern core accounting functions alone currently. (material) True False

false

examples of smarter and more powerful applications(HANA) a. multi core processors b. large memory c. Advances in the design of on-board cache d. We can now easily slot in more servers into our landscape to add more processing power or memory in order to scale to any size e. SAP re-wrote their business application software to fully exploit the new hardware. f. Public cloud services based on subscription models increase access to the latest solutions for everyone, reducing costs, and simplifying everything. g. All of the above

g

The following organizational units are used in management accounting: a. Operating concern b. Controlling area c. Company code d. Business area e. Plant f. Purchasing organization g. Sales organization h. Profit Center Accounting i. all of the above

i

CO-PA consists of characteristics and key figures? T/F

true

Determine whether this statement is true or false. Actual costing with the material ledger is used to provide actual costs for each material at the end of the period.(material) True False

true

Determine whether this statement is true or false. In SAP S/4HANA, simple finance differences between Financial Accounting and Management Accounting do not occur because both modules are using the same table, which for actual line items, is the table ACDOCA. (material) True False

true

Determine whether this statement is true or false. Profitability Analysis allows managers to calculate profits and contribution margins for the market segments of an enterprise. (material) True False

true

The on-premise edition of SAP S/4HANA can interface with SAP Cloud Platform even though it is a cloud only. (material) True False

true

While a cross controlling area allocation of costs or revenue is not available, you can allocate cross company code, which starts the real-time reconciliation automatically? T/F

true