SAP CO Questions
You want to prevent periodic cost fluctuations. Which activity should you choose to distribute irregular expenses to the relevant periods?
Accrual calculation
When you create a profit center, what company code(s) is it assigned to by default?
All company codes within the controlling area
You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use?
Assessment
How can you populate local variables in Profitability Analysis reports?
By user entry during report execution
You want to configure different cost centers in your company. Which setting in the cost center master data will you use to assign the same attributes to similar cost centers?
Cost center category
How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports?
It selects actual data from table CE1XXXX and plan data from table CE2XXXX.
How do you define the relationship between an operating concern and a controlling area?
One-to-many (1:N)
You are executing an indirect activity allocation. What do you post to the sender and receiver?
You post quantity and cost to both the sender and receiver
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 a. Combined quantity and value flow analysis b. Production order settlement to sales order c. Production cost calculation d. Simplified inventory value determination
a. Combined quantity and value flow analysis d. Simplified inventory value determination
Which object can you configure to offset overhead surcharges for a cost object? There are THREE correct answers for this question a. Cost center b. Business process c. Internal order d. Profit center e. Profitability segment
a. Cost center b. Business process c. Internal order
You want to define requirement levels for users for the authorization check in Profitability Analysis reporting. Which requirement level would you set to enable user access to all the interactive drill down functions? Please choose the correct answer. a. 0 - ALL b. 3 - ALL c. 2 - Level 2 d. 1 - Level 1
a. 0 - ALL
What do you get if you mark a standard price cost estimate? There are TWO correct answers for this question a. A future standard price b. A cost-based CO-PA document for material revaluation c. A new status in the cost estimate d. An accounting document for material ledger
a. A future standard price c. A new status in the cost estimate
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 a. A variable cost field in ACDOCA b. A cost splitting profile c. A price difference profile d. A calculation formula
a. A variable cost field in ACDOCA b. A cost splitting profile
Which characteristic controls the eligible cost element categories for G/L accounts in SAP S/4HANA? Please choose the correct answer. a. Account type b. Account currency c. Account group d. Field status group
a. Account type
How does SAP S/4HANA capture costs? There are TWO correct answers for this question
a. All primary and secondary costs are captured by creating them as cost elements b. Primary and secondary costs are captured in the general ledger accounts
What parameters can you set up when defining order types? There are TWO correct answers for this question
a. Allow revenue postings. b. Define default parameters for master record fields
How can you define the overhead rate in a costing sheet? There are TWO correct answers to this question. a. As percentage rate b. As lot-based surcharge c. As equivalence number d. As quantity-based surcharge
a. As percentage rate d. As quantity-based surcharge
Your customer uses account-based CO-PA. Which sales documents create an account-based CO-PA line item for each standard ledger in the universal journal table in SAP S/4HANA 1809? There are TWO correct answers for this question a. Billing b. Sales order c. Goods issue d. Goods receipt
a. Billing c. Goods issue
Which of the following objects can be selected in templates for activity-based costing? There are TWO correct answers to this question. a. Business process b. Cost center/activity type c. Internal order d. WBS element
a. Business process b. Cost center/activity type
What are some of the characteristics of SAP Core Data Services (CDS) views? There are THREE correct answers to this question. a. CDS views have no latency. b. CDS views are considered system modifications. c. CDS views duplicate data for reporting efficiencies. d. CDS views support authorizations. e. CDS views have ready-to-use content.
a. CDS views have no latency. d. CDS views support authorizations. e. CDS views have ready-to-use content.
What does the calculation of a condition type in the costing sheet depend on? There are TWO correct answers to this question. a. Calculation type b. Valuation c. Condition class d. Segment
a. Calculation type c. Condition class
Which functionalities can create primary cost component splits? There are TWO correct answers to this question. a. Cost center/activity type price calculation b. Execution of the assessment cycles c. Business processes price calculation d. Settlement of internal orders
a. Cost center/activity type price calculation c. Business processes price calculation
Which of the following values can be calculated using results analysis? There are THREE correct answers to this question. a. Cost of sales b. Gross margin c. Work in progress d. Reserves for unrealized costs e. Cost of goods manufactured
a. Cost of sales c. Work in progress d. Reserves for unrealized costs
Which default values can you configure for the product cost collector? There are TWO correct answers for this question
a. Costing Variant b. Results Analysis (RA) key
Which views can you use to analyze the costing results within the costing run tool? There are THREE correct answers for this question a. Costing levels report b. Material list report c. Variance report d. Analysis report e. Work in progress report
a. Costing levels report b. Material list report d. Analysis report
What can you use to difference two or more cost estimates for the same material? There are TWO correct answers for this question a. Costing variant b. Transfer control c. Valuation variant d. Costing version
a. Costing variant d. Costing version
What are some of the characteristics of internal order planning? There are TWO correct answers to this question. a. Costs are entered b. Multiple versions are allowed c. Tolerance limits are defined d. Availability control is checked
a. Costs are entered b. Multiple versions are allowed
Which customizing activity do you perform in overhead cost controlling? Please choose the correct answer. a. Define cost center categories b. Create value fields c. Define cost centers categories d. Maintain costing variant parameters
a. Define cost center categories
What can you configure in the settlement profile? There are TWO correct answers to this question. a. Determine whether settlement is required b. Determine an overhead key c. Define document management parameters d. Define a number range for settlement documents
a. Determine whether settlement is required c. Define document management parameters
You need to assign a company code to a controlling area. Which settings must be identical for both organizational objects? There are TWO correct answers to this question. a. Fiscal year variant b. Operational Posting period c. Currency d. Operational Chart of accounts
a. Fiscal year variant d. Operational Chart of accounts
You perform a settlement with a primary cost account which is different from the cost account you used to post the original expense. Which object is a valid receiver for the settlement? Please choose the correct answer. a. Fixed asset b. WBS element c. Internal order d. Cost center
a. Fixed asset
Where do you activate commitment management for internal orders? There are TWO correct answers for this question a. In the order type b. In the budget profile c. In the controlling area d. In the company code
a. In the order type c. In the controlling area
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? There are TWO correct answers to this question. a. It can be defined for postings on general ledger accounts of primary costs type. b. It can be defined for postings on general ledger accounts of secondary costs type. c. It can be overwritten in the application. d. It takes precedence over validation and substitution.
a. It can be defined for postings on general ledger accounts of primary costs type. c. It can be overwritten in the application.
What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? There are TWO correct answers to this question. a. It can be used with period and/or cost of sales accounting. b. It is possible to derive the profit center from the segment in configuration. c. It can be used in the settlement rule for internal orders. d. It is integrated in the universal journal.
a. It can be used with period and/or cost of sales accounting. d. It is integrated in the universal journal.
Which of the following statements are applicable to SAP S/4HANA embedded analytics? There are TWO correct answers to this question. a. It is part of the core SAP S/4HANA license and uses the same technical stack and user interface. b. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analytics Tools for reporting. c. It is part of SAP S/4HANA Strategic Analytics tools stack that uses virtual data models for reporting. d. It uses core data services (CDS) views to create virtual data models (VDMs) for reporting.
a. It is part of the core SAP S/4HANA license and uses the same technical stack and user interface. d. It uses core data services (CDS) views to create virtual data models (VDMs) for reporting.
Which of the following statements best describe Product Cost by Period? There are TWO correct answers to this question. a. It is used in conjunction with a product cost collector. b. It is used when the focus of controlling is on a stable and continuous production process. c. It is used for joint production with process orders. d. It is used to analyze work in process based on actual costs
a. It is used in conjunction with a product cost collector. b. It is used when the focus of controlling is on a stable and continuous production process.
Which of the following statements best describe Product Cost by Order There are TWO correct answers for this question
a. It is used when controlling by individual production lots or discrete quantities is needed. b. It is used when full cost traceability is needed.
Which of the following statements best describes Product Cost by Order? There are TWO correct answers to this question. a. It is used when full cost traceability is needed. b. It is used when you perform repetitive manufacturing. c. It is recommended for products with a long production time. d. It is used when controlling by individual production lots or discrete quantities is needed.
a. It is used when full cost traceability is needed. d. It is used when controlling by individual production lots or discrete quantities is needed.
Which of the following statements best describe Product Cost by Period? There are THREE correct answers for this question
a. It is used when the focus of controlling is on a stable and continuous production process b. It is used in conjunction with a product cost collector. c. Repetitive manufacturing
You enter the actual activity quantity for work and vacation in the cross-application time sheet. Which options can you choose in the master data of the activity type to ensure the quantities and values are posted in Management Accounting? There are TWO correct answers for this question a. Manual entry, no allocation b. Manual entry, manual allocation c. Manual entry, indirect allocation d. Indirect determination, indirect allocation
a. Manual entry, no allocation b. Manual entry, manual allocation
Which of the following steps are part of the procedure to update the standard price of the material? There are TWO correct answers for this question
a. Mark the cost estimate. b. Release the cost estimate.
Which receiver must be allowed in the settlement profile of a product cost collector? Please choose the correct answer. a. Material b. Order c. Business process d. Cost center
a. Material
What is required before you can create a multi-level material cost estimate without quantity structure? Please choose the correct answer. 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
a. Material master with costing view
You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity? There are THREE correct answers to this question. a. Network b. Sales order item c. General ledger account d. Cost center e. Statistical overhead order
a. Network c. General ledger account d. Cost center
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 a. Operating Concern Currency b. Fiscal year variant c. Second period type d. Company code currency in costing-based CO-PA
a. Operating Concern Currency b. Fiscal year variant
Which are levels of internal order planning? There are TWO correct answers for this question a. Overall planning b. Primary and secondary cost and revenue planning c. Group costing d. Integrated planning
a. Overall planning b. Primary and secondary cost and revenue planning
For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Please choose the correct answer. a. Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation. b. Parallel accounting is needed in order to be compliant with different accounting principles. c. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles. d. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.
a. Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation.
How do you calculate overhead? There are TWO correct answers for this question
a. Percentage b. Quantity Based
Which customizing do you use for calculating work in progress (WIP)? There are THREE correct answers for this question a. Posting rule table b. Assignment table c. Settlement profile table d. Update table e. Allocation structure table
a. Posting rule table b. Assignment table d. Update table
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 a. Production order settlement b. Production order confirmation c. External goods receipt on sales order stock d. Delivery from production order to sales order stock
a. Production order settlement b. Production order confirmation
To which objects do you settle values of the results analysis? There are TWO correct answers for this question a. Profit center b. Segment c. Profitability segment d. Cost center
a. Profit center c. Profitability segment
Which objects can statistical key figures be applied to? There are THREE correct answers for this question
a. Profit centers b. Cost centers c. Overhead orders
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item? There are TWO correct answers to this question. a. Profitability Analysis (CO-PA) is activated. b. The material in the sales order item is a service. c. The sales order item is assigned to a project. d. The sales order item is a cost object.
a. Profitability Analysis (CO-PA) is activated. d. The sales order item is a cost object.
In which SAP S/4HANA components can you report the results of the results analysis? There are THREE correct answers to this question. a. Profitability analysis b. Profit center accounting c. Inventory management d. Financial accounting e. Sales and distribution
a. Profitability analysis b. Profit center accounting d. Financial accounting
What are some of the objectives of Profitability Analysis? There are TWO correct answers to this question. a. Provide the company with information on the performance of its market segments. b. Allow the company to determine standard costs and revenues according to the period accounting method. c. Provide the company with a detailed view of its financial statements by responsibility units. d. Allow the company to determine if the sales force achieved their contribution margin goals.
a. Provide the company with information on the performance of its market segments. d. Allow the company to determine if the sales force achieved their contribution margin goals.
You are using availability control in your SAP S/4HANA system. Which documents can cause the system to raise a warning message when the budget was exceeded? There are TWO correct answers for this question. a. Purchase requisition b. Goods issue from order c. Outgoing payment d. Incoming invoice
a. Purchase requisition d. Incoming invoice
Which activities can you perform while you create cost center hierarchies? There are TWO correct answers to this question. a. Reassign a cost center to another node of the standard hierarchy. b. Create a cost center without specifying a standard hierarchy. c. Assign a standard hierarchy to several controlling areas. d. Append nodes and cost centers to a node of the standard hierarchy.
a. Reassign a cost center to another node of the standard hierarchy. d. Append nodes and cost centers to a node of the standard hierarchy.
Which object can you select for reporting in costing-based Profitability Analysis, and NOT in account-based Profitability Analysis? Please choose the correct answer. a. Record type b. Company code c. Cost element d. Period/year
a. Record type
You want to maintain a cost component structure. What can you determine for each cost component? There are THREE correct answers for this question a. Relevance of cost component to inventory valuation b. Relevance of cost component for results analysis c. Assignment of cost component to cost component group d. Relevance of cost component to goods manufactured e. Assignment of cost component calculation base for overhead costing sheet
a. Relevance of cost component to inventory valuation c. Assignment of cost component to cost component group d. Relevance of cost component to goods manufactured
You are implementing SAP S/4HANA and you want to run analytical reports off a single data model. Which statement best describes reporting in SAP S/4HANA? Please choose the correct answer. a. Reporting on data is available in real-time at every level of detail. b. Reporting can be either broad and deep for analysis, or speedy and simple, but not both. c. Reporting on data in real time is difficult, and complex to design. d. Reporting analytical data is always done in a business warehouse system.
a. Reporting on data is available in real-time at every level of detail.
You want to understand why costs are collected on sales order item level. What do you need to check in the configuration? There are THREE correct answers to this question. a. Requirement type b. Account assignment category c. Costing type d. Requirements class e. Valuation variant
a. Requirement type b. Account assignment category d. Requirements class
Which criteria do you use to specify the G/L account for the work in process (WIP) settlement? There are THREE correct answers for this question a. Results analysis version b. Results analysis method c. Results analysis profit center d. Results analysis cost element e. Results analysis category
a. Results analysis version d. Results analysis cost element e. Results analysis category
What values flow from Sales and Distribution billing to costing-based Profitability Analysis? There are TWO correct answers for this question
a. Revenue b. Sales Deductions
You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting? There are THREE correct answers to this question. a. Sales Deductions b. Revenue c. Accruals d. Payment Discount e. Order Quantity
a. Sales Deductions b. Revenue d. Payment Discount
Which parameters are controlled by the costing type in a costing variant? There are TWO correct answers for this question
a. Save with date key b. Price updates
Which objects can you plan in cost center accounting? There are THREE correct answers for this question a. Secondary cost accounts b. Statistical key figures c. Balance sheet accounts d. Activity prices e. Non-operating expense accounts
a. Secondary cost accounts b. Statistical key figures d. Activity prices
You want to set up integrated planning for your internal orders. What do you need to do? There are TWO correct answers to this question. a. Set the relevant indicator in the planning profile of the order type. b. Set the relevant indicators in the CO version. c. Set the relevant indicator in the controlling area. d. Set the relevant indicator in the internal order master record.
a. Set the relevant indicator in the planning profile of the order type. b. Set the relevant indicators in the CO version.
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 a. Settle the variances to CO-PA b. Transfer reserves for realized costs c. Perform results analysis d. Calculate production variances
a. Settle the variances to CO-PA c. Perform results analysis
Which Customizing for Document Splitting settings do you maintain to ensure that financial statements can always be produced separately for each profit center? Please choose the correct answer. a. Standard account assignment b. Inheritance c. Zero-balance d. Dummy profit center
a. Standard account assignment
When you configure period-end closing, which accrual calculations methods can you use? There are TWO correct answers for this question a. Target equals actual b. Percentage c. Template d. Statistical key figure
a. Target equals actual b. Percentage
You want to set up budget availability control for your projects and internal orders. What can you check using budget availability control? There are TWO correct answers to this question. a. The availability of funds using overall plan value b. The availability of funds on period level c. The availability of funds according to tolerance limits
a. The availability of funds using overall plan value c. The availability of funds according to tolerance limits
Which configuration is possible when you assign multiple company codes to a controlling area in SAP S/4HANA? Please choose the correct answer. 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 periods and number of especial periods d. The company code fiscal year variant may differ from the controlling area fiscal year variant in the number of special periods
a. The company code currency may differ from the controlling area currency
What tasks are performed by the system during activity allocation? There are TWO correct answers for this question a. The cost element is derived from the master data for the activity type b. A primary costs G/L account is used for debiting and crediting c. The sender cost object is debited and the receiver cost object is credited d. The allocation amount is calculated based on the quantity and price of the activity
a. The cost element is derived from the master data for the activity type d. The allocation amount is calculated based on the quantity and price of the activity
What can you specify when you create an activity type? There are THREE correct answers for this question a. The secondary costs G/L account for internal activity allocation b. The activity type category for allocation c. The valid receiving cost center types d. The primary costs G/L account for internal activity allocation e. The valid sending cost center types
a. The secondary costs G/L account for internal activity allocation b. The activity type category for allocation e. The valid sending cost center types
You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? There are TWO correct answers for this question
a. The type of the corresponding general ledger account must be primary cost/revenue or secondary cost. b. Account-based Profitability Analysis must be active.
What are some of the unique attributes of an assessment cycle in Controlling? There are TWO correct answers to this question. a. They use a secondary cost element during transfer. b. They use the original cost element during transfer. c. They transfer only primary costs. d. They transfer primary and secondary costs.
a. They use a secondary cost element during transfer. d. They transfer primary and secondary costs.
You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? There are THREE correct answers for this question
a. To define the user status b. To permit or forbid specific transactions c. To set the initial status as Created or Released
Why would you use manual cost allocation in Controlling? There are TWO correct answers to this question. a. To run simple allocations of actual data b. To run simple allocations of plan data c. To allocate costs using an allocation cycle d. To correct secondary postings
a. To run simple allocations of actual data d. To correct secondary postings
You want to create alternative plan versions for your controlling area, in addition to version 000. What would you use additional CO versions for? There are TWO correct answers for this question a. To store different plan data b. To store different budget data c. To store actual-plan variance d. To store parallel valuation
a. To store different plan data d. To store parallel valuation
Which objects do you use when you assign costs and revenue to the value fields in costing-based CO-PA? Please choose the correct answer. a. Transfer structure b. Allocation structure c. Allocation template d. Overhead group
a. Transfer structure
How can you configure the transfer price solution in SAP S/4HANA? There are TWO correct answers to this question. a. Use separate ledgers for each valuation. b. Use separate accounts for each valuation. c. Use separate segments for each valuation. d. Use separate currency types within the same ledger for each valuation.
a. Use separate ledgers for each valuation. d. Use separate currency types within the same ledger for each valuation.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do? Please choose the correct answer. a. Use the template allocation function in the material cost estimate and the costing run b. Use the costing sheet of the costing view 1 in the template determination table 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
a. Use the template allocation function in the material cost estimate and the costing run
When you create a planning layout, which objects can you use to define the data columns? There are FOUR correct answers for this question a. Value fields b. Formulas c. Characteristics d. Summarization level e. Distribution key
a. Value fields b. Formulas c. Characteristics e. Distribution key
Which processes belong to the "final costing" of cost objects? There are TWO correct answers for this question a. Variance calculation b. Revaluation at actual costs c. Work in process d. Overhead surcharge
a. Variance calculation c. Work in process
What master data objects can you set up using time-based fields? There are TWO correct answers to this question. a. Standard hierarchies b. Activity types c. Statistical key figures d. Cost centers
b. Activity types d. Cost centers
You use a ledger, an additional standard ledger and an extension ledger. You post a general journal entry without indicating a ledger group. For which ledger(s) are separate line items posted in the universal journal? Please choose the correct answer. a. The leading ledger only b. All ledgers c. The standard ledgers d. The leading and extension ledgers
b. All ledgers
You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements? Please choose the correct answer. a. Template b. Allocation Structure c. Settlement profile d. Settlement rule
b. Allocation Structure
What do you do to create a primary cost component split? There are TWO correct answers for this question a. Use the cost splitting tool on cost centers b. Assign a cost component structure to the CO version c. Run an activity price calculation d. Enter split activity prices manually
b. Assign a cost component structure to the CO version c. Run an activity price calculation
How can you define a dynamic group for internal orders? Please choose the correct answer. a. Create a substitution rule for mass changes b. Assign a selection variant to an end node c. Define an order coding mask for order types d. Use wild cards in the order codes assigned to nodes
b. Assign a selection variant to an end node
How can you configure cycles for period-end allocation? There are TWO correct answers for this question a. Create cycles that iterate with each other b. Assign several segments to a cycle c. Use different allocation rules within one segment d. Define allocation for the same cost center in multiple segments
b. Assign several segments to a cycle d. Define allocation for the same cost center in multiple segments
Which characteristic of an internal order does the order type control? Please choose the correct answer. a. Time period for which the order is valid b. Budget profile assigned to the order c. Controlling areas the order is assigned to d. Types of costs posted to the order
b. Budget profile assigned to the order
What is the default option for planning profit center values in SAP S/4HANA? Please choose the correct answer. a. Profitability analysis planning b. Business planning and consolidation c. Financial accounting planning d. Management accounting planning
b. Business planning and consolidation
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis? Please choose the correct answer. a. By defining the characteristic in the field catalog b. By defining the characteristic value in the check table c. By defining the characteristic as a value field d. By defining the characteristic value as a key figure
b. By defining the characteristic value in the check table
You need to analyze different planning scenarios for cost centers. With which object do you differentiate the planning scenarios? Please choose the correct answer. a. Company code b. CO version c. Cost center group d. Operating concern
b. CO version
At what level do you create the structure of the operating concern? Please choose the correct answer. a. Controlling area level b. Client level c. Company code level d. Sales organization level
b. Client level
A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit? Please choose the correct answer. a. Operating concern b. Controlling area c. Plant d. Client
b. Controlling area
What do you use to map the primary cost component split to the production cost component structure? Please choose the correct answer. a. Allocation structure b. Cost Component groups c. Transfer structure d. Assignment scheme
b. Cost Component groups
Which cost estimates must you reuse with the transfer control functionality? Please choose the correct answer. a. Cost estimates across company codes b. Cost estimates with same cost component structure c. Cost estimates with quantity structure d. Cost estimates within the same plant
b. Cost estimates with same cost component structure
Which cost objects can only be controlled by period? There are TWO correct answers for this question a. Process order b. Cost object hierarchy c. Product cost collector d. Production order
b. Cost object hierarchy c. Product cost collector
You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use? Please choose the correct answer. a. Reference variant b. Costing type c. Costing version d. Transfer control
b. Costing type
Which object do you have to assign the cost component structure to? Please choose the correct answer. a. Costing type b. Costing variant c. Material master record d. Valuation variant
b. Costing variant
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? Please choose the correct answer. a. Creating multi-dimension sets b. Defining flexible hierarchies c. Copying groups with suffix d. Configuring derivation rules
b. Defining flexible hierarchies
Which statement best describes the Query Browser for reporting? Please choose the correct answer. a. It is a desktop browser that integrates with SAP S/4HANA. b. It is a design studio app that comes as standard SAP Fiori content. c. It is a strategic analytical tool in SAP S/4HANA. d. It is available as an additional license product in SAP S/4HANA.
b. It is a design studio app that comes as standard SAP Fiori content.
Which statements are relevant to the cost of sales accounting method in profitability management? There are TWO correct answers to this question. a. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities. b. It presents the costs and revenues information in a format that is ideal for conducting margin analyses. c. It aims to summarize activity and situational change for a given organizational unit over a period of time. d. It aims to match revenues for goods and services against sales-related expenses
b. It presents the costs and revenues information in a format that is ideal for conducting margin analyses. d. It aims to match revenues for goods and services against sales-related expenses
Which of the following are typical activities of the sales planning phase in SAP S/4HANA? There are TWO correct answers for this question a. Transfer of GL account data b. Manual entry of data c. Top-down distribution d. Bottom-up distribution
b. Manual entry of data c. Top-down distribution
You are posting a purchase order for a warehouse material. From which object is the profit center derived? Please choose the correct answer. a. Plant b. Material master c. Cost center d. Business partner
b. Material master
What is the highest reporting level in management accounting? Please choose the correct answer. a. Company code b. Operating concern c. Controlling area d. Profit center
b. Operating concern
Which currency types can you use for costing-based CO-PA? There are TWO correct answers for this question a. Controlling area currency b. Operating concern currency c. Group currency d. Company code currency
b. Operating concern currency d. Company code currency
Which main elements do you configure for the overhead costing sheet? There are THREE correct answers for this question a. Allocation structure b. Overhead rate c. Revaluation rate d. Calculation base e. Credit key
b. Overhead rate d. Calculation base e. Credit key
Which order status is relevant for creating work in process (WIP) calculations when you use Product Cost by Order (PCO)? Please choose the correct answer. a. Technically completed b. Partially released c. Created d. Delivered
b. Partially released
Which activity do you perform during period-end in profit center accounting? Please choose the correct answer. a. Post activity allocation b. Process distribution cycles c. Settle costs d. Execute template allocation
b. Process distribution cycles
Which objects are predefined characteristics in SAP S/4HANA? There are TWO correct answers for this question a. Controlling area b. Product category c. Company code d. Region e. Plant
b. Product category d. Region
At which level can you assign a valuation strategy in CO-PA? There are TWO correct answers for this question a. Costing key b. Record type c. Sales order type d. Point of valuation
b. Record type d. Point of valuation
Which key performance indicators (KPIs) does profit center accounting help you report? There are TWO correct answers for this question 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
b. Return on capital expenditure investment c. Profit contribution of a department
90. You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization. For a particular sales order item, you have the following: - Plan revenue = 3000 - Plan costs = 2000 - Actual revenue = 1200 - Actual costs = 1000 What data does the system calculate during results analysis? Please choose the correct answer. a. Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200 b. Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300 c. Revenue = 1200; Cost of sales = 1000; Revenue surplus = 200 d. Revenue = 1500; Cost of sales = 1000; Revenue surplus = 300
b. Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300
What action do you perform to use the Cost-Based Percentage of Completion (POC) method? Please choose the correct answer. a. Setting to profitability analysis b. Running the results analysis c. Billing of a sales order during production d. Costing of an order
b. Running the results analysis
What can you manage via the account assignment category? There are TWO correct answers to this question. a. Valuated sales order stock b. Separate sales order stock c. Costing variant d. Product cost by sales order
b. Separate sales order stock d. Product cost by sales order
You want to settle primary cost elements and secondary cost elements to different receivers. What do you use? Please choose the correct answer. a. PA transfer structure b. Source structure c. Overhead structure d. Allocation structure
b. Source structure
Which scenarios can be covered by the costing run? There are TWO correct answers to this question. a. Product cost collector cost estimate in one plant b. Standard cost estimate of all the materials in all plants of a controlling area c. Inventory cost estimate of all the materials in one plant d. Current cost estimate of all the materials in all controlling areas
b. Standard cost estimate of all the materials in all plants of a controlling area c. Inventory cost estimate of all the materials in one plant
Where can you adjust the automatic account assignment? There are TWO correct answers for this question a. G/L account (TA: FS00) b. Substitution (TA: GGB1) c. Default account assignment (TA: OKB9) d. Cost center (TA: KS01)
b. Substitution (TA: GGB1) c. Default account assignment (TA: OKB9)
You have activated budget availability control for an internal order and entered an overall budget of 10,000. Actuals of 10,000 were posted for this internal order in the current year. How is that possible? There are TWO correct answers to this question. a. The difference of 1,000 is within the tolerance limits defined in the configuration. b. The cost element is exempted from budget availability control c. The purchase order has NOT generated a budget document yet. d. The purchase order was entered in a different year than the budget.
b. The cost element is exempted from budget availability control d. The purchase order was entered in a different year than the budget.
In an SAP S/4HANA system, you have two profit centers with the same profit center code and the same validity period, but different names. What does this indicate about the configuration of the profit centers? Please choose the correct answer. a. They are assigned to different segments b. They are defined in separate controlling areas c. They are defined in separate company codes d. They are assigned to different functional areas
b. They are defined in separate controlling areas
Which management accounting currencies can you use for evaluation when you use cross-company-code cost accounting? There are THREE correct answers for this question a. Reference currency b. Transaction currency c. Company code currency d. Object currency e. Controlling area currency
b. Transaction currency c. Company code currency e. Controlling area currency
Which object do you configure to reuse material cost estimate for the costing process? Please choose the correct answer. a. Quantity structure control b. Transfer control c. Valuation variant d. Group costing
b. Transfer control
You want to use a template to consider overhead during product costing. How do you assign the template to your material? Please choose the correct answer. a. Using a profit center and an overhead key b. Using an overhead group and an overhead key c. Using a special procurement type and an overhead group d. Using an origin group and an overhead group
b. Using an overhead group and an overhead key
You use a production order with Product Cost by Period and you entered a results analysis key and variance key. How does the system calculate variances in Product Cost by Period? Please choose the correct answer. a. Variances = Target costs - Delivery value - WIP b. Variances = Actual costs - Delivery value - WIP c. Variances = Target costs - Delivery value d. Variances = Actual costs - Delivery value
b. Variances = Actual costs - Delivery value - WIP
When do you use an assessment instead of a distribution? There are TWO correct answers for this question a. When you want to view the original cost elements on the receiver b. When you want to consolidate allocated expenses c. When you need to transfer secondary costs d. When you need the option to reverse the cycle as often as required
b. When you want to consolidate allocated expenses c. When you need to transfer secondary costs
What does the internal order settlement profile define? There are THREE correct answers for this question a. The template allocation b. Whether settlement is necessary c. The valid receivers d. The accounting document type e. Whether commitment management is necessary
b. Whether settlement is necessary c. The valid receivers d. The accounting document type
For which objects can you re-evaluate activities and business processes at actual prices? There are THREE correct answers for this question a. Profit centers b. Work centers c. Profitability segments d. Work breakdown structure elements e. Cost centers
b. Work centers c. Profitability segments d. Work breakdown structure elements
In a standard system delivery, how many characteristics can be added to an operating concern? Please choose the correct answer. a. 101-150 b. 71-100 c. 0-70 d. Over 150
c. 0-70
When you define assessment cycles for the period-end closing in overhead cost accounting, which object can you assign to the cycle segment? Please choose the correct answer. a. Template b. Settlement rule c. Allocation structure d. Costing sheet
c. Allocation structure
Which settings can you configure per order type for the budget and availability control? There are FOUR correct answers for this question a. Budgeting on cost element level b. Budget data entry layout c. Budget tolerance limits d. Budget manager e. Exempt cost elements f. Exempt business transactions
c. Budget tolerance limits d. Budget manager e. Exempt cost elements f. Exempt business transactions
What can you analyze in detail when you transfer the cost component split from product cost planning to costing-based CO-PA? Please choose the correct answer. a. Sales revenues b. Variance categories c. Cost of goods sold d. Cost of goods manufactured
c. Cost of goods sold
Which parameters can you enter when you create a costing run? There are THREE correct answers for this question a. Valuation variant b. Production version c. Costing variant d. Transfer control e. Costing version
c. Costing variant d. Transfer control e. Costing version
For which revenue carrying cost objects does the system perform results analysis? There are THREE correct answers to this question. a. Business processes b. Cost center c. Customer service orders d. Internal order e. Work breakdown structure
c. Customer service orders d. Internal order e. Work breakdown structure
Which process can you use to credit internal orders during period-end closing? Please choose the correct answer. a. Distribution b. Assessment c. Periodic reposting d. Indirect activity allocation
c. Periodic reposting
In which module do you process profit center allocations in SAP S/4HANA? Please choose the correct answer. a. Cost Center Accounting b. General Ledger Accounting c. Profit Center Accounting d. Product Cost Accounting
c. Profit Center Accounting
Which component provides insight into the effectiveness and results for areas of responsibility within the enterprise? Please choose the correct answer. a. Profitability analysis b. Revenue accounting and reporting c. Profit center accounting d. Results analysis
c. Profit center accounting
You post an expense line in an accounting document and enter an internal order and a cost center as the account assignments. After posting, the system allows you to settle the posted values from the internal order. Which settings do the cost center and internal order have? Please choose the correct answer. a. Statistical internal order Statistical cost center b. Statistical internal order Real cost center c. Real internal order Real cost center d. Real internal order Statistical cost center
c. Real internal order Real cost center
Which costs exist in SAP S/4HANA? There are TWO correct answers for this question a. Secondary costs without G/L account b. Primary costs without G/L account c. Secondary costs with G/L account d. Primary costs with G/L account
c. Secondary costs with G/L account d. Primary costs with G/L account
You want to create cost centers for your company. What is the prerequisite to building an organizational structure for overhead cost controlling? Please choose the correct answer. a. Cost center categories b. Cost center types c. Standard hierarchy top node d. Functional area
c. Standard hierarchy top node
Which controls can you set when you determine a characteristic derivation? There are THREE correct answers to this question. a. Valuation calculation b. Display authority c. System response when unsuccessful d. Conditions for execution e. Overwriting authority
c. System response when unsuccessful d. Conditions for execution e. Overwriting authority
What can you define for a user status in the status profile? Please choose the correct answer. a. The versions for which you can enter plan data b. The business user IDs authorized to change the user status c. The assigned user status after a business transaction is executed d. The order types for which a user status is valid
c. The assigned user status after a business transaction is executed
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 a. The report of the line item is updated in the original FI document b. There is the option to assign the line item to several receiver objects c. The line item needs a reference to an FI document d. The line item values are validated against the original document
c. The line item needs a reference to an FI document d. The line item values are validated against the original document
Which object controls the tiles a business user can assign to their SAP Fiori launchpad? Please choose the correct answer. a. App finder b. App library c. Tile catalog d. Tile group
c. Tile catalog
In the material master record there are three planned prices. What do you use them for? Please choose the correct answer. a. To valuate material stocks b. To valuate goods movement c. To valuate the materials in cost estimates d. To update the standard price during the release of a standard cost estimate
c. To valuate the materials in cost estimates
To which object do you assign a costing sheet? Please choose the correct answer. a. Cost component structure b. Transfer control c. Valuation variant d. Costing variant
c. Valuation variant
Which process determines the target costs of the cost object in a product cost by order scenario? Please choose the correct answer. a. Accrual calculation b. Actual costs calculation c. Variance calculation d. Work in progress (WIP) calculation
c. Variance calculation
When is the standard hierarchy of the controlling area created? a. When the first cost center for a controlling area is created b. When the first company code is assigned to the controlling area c. When the controlling area is defined d. When the controlling area is assigned to the operating concern
c. When the controlling area is defined
When do you select the percentage method for accrual calculation? There are TWO correct answers for this question a. When you accrue activity-independent costs and an appropriate cost element is NOT 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 for defining overhead rates is available d. When you accrue-dependent costs and an appropriate cost element for defining overhead rates is available
c. When you accrue activity-independent costs and an appropriate cost element for defining overhead rates is available d. When you accrue-dependent costs and an appropriate cost element for defining overhead rates is available
Where can you find actual transaction data of account-based CO-PA in SAP S/4HANA? Please choose the correct answer. a. COEJ b. BSEG c. CE1XXXX d. ACDOCA
d. ACDOCA
You are considering using commitment management with internal orders. What do you need to do in the configuration? Please choose the correct answer. a. Activate commitment management only in the controlling area. b. Activate commitment management only in the order type. c. Activate commitment management in both the company code and the order type. d. Activate commitment management in both the controlling area and the order type.
d. Activate commitment management in both the controlling area and the order type.
You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments? Please choose the correct answer. a. As divisions b. As key figures c. As value fields d. As characteristics
d. As characteristics
Your customer defined one distribution cycle in SAP S/4HANA. You need to define a new distribution cycle. How can you ensure the new cycle is executed only after the existing one is completed? Please choose the correct answer. a. Select iteration in the cycle header of the new cycle b. Assign each cycle to a different cycle run group c. Select iteration in the cycle header of both cycles d. Assign both cycles to the same cycle run group
d. Assign both cycles to the same cycle run group
At which level do you define the valuation method for results analysis? Please choose the correct answer. a. Operating concern b. Sales organization c. Company code d. Controlling area
d. Controlling area
On which organizational level do you maintain profit center accounting in SAP S/4HANA? Please choose the correct answer. a. Company code b. Operating concern c. Financial statement version d. Controlling area
d. Controlling area
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? a. Activity types with actual or plan quantities maintained b. Statistically figures with values for the period c. Settlement rules with valid receiver objects d. Cost accounts with the option to record quantity
d. Cost accounts with the option to record quantity
Which statement best describes a cost center standard hierarchy? Please choose the correct answer. a. It represents an organizational unit in SAP S/4HANA where the costs and revenues are incurred and reported. b. It enables you to assign the same attributes to similar cost centers within a controlling area. c. It is grouped together with alternative hierarchies to represent decision control and responsibility units. d. It is a structure to which all the cost centers within a controlling area are assigned.
d. It is a structure to which all the cost centers within a controlling area are assigned.
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? Please choose the correct answer. a. Project definition b. Dummy profit center c. WBS element d. Network header
d. Network header
On which document in the sales process is the profit center initially entered? Please choose the correct answer. a. Service contract b. Goods issue c. Sales inquiry d. Sales order
d. Sales order
What can you do with statistical internal orders? Please choose the correct answer. a. Settle costs to a cost center. b. Transfer posting to another internal order. c. Apply overhead rates to the internal order. d. Simultaneously post to a cost center.
d. Simultaneously post to a cost center.
What must the referenced cost estimate and the receiving cost estimate have in common? Please choose the correct answer. a. The plant b. The quantity structure c. The company codes d. The cost component structure
d. The cost component structure
When trying to assign a profit center to a new cost center, you receive an error. What can cause this error? Please choose the correct answer. a. The lock indicator is activated in the profit center master record b. The profit center has already been assigned to a different cost center c. The validity period of the profit center is shorter than that of the cost center d. The validity period of the cost center is shorter than that of the profit center
d. The validity period of the cost center is shorter than that of the profit center
You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle? Please choose the correct answer a. Cycle iteration b. PA transfer structure c. Template d. Tracing factor
d. Tracing factor
You want to enable WIP calculation in Product Cost by Period. What do you need to configure? Please choose the correct answer. a. Profitability Analysis (PA) transfer structure b. Settlement profile c. Variance variant d. Valuation variant
d. Valuation variant
To which objects do you assign the elements of the cost component split to ensure the transfer of costing to costing-based CO-PA? Please choose the correct answer. a. Controlling areas b. G/L accounts c. Segments d. Value fields
d. Value fields