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Super admin . 14th Dec, 2021

SAP S4H Management Accounting - 1

Question 1:

Which are mandatory attributes, when you create an Operating Concern with costing- based and account-based CO-PA?

(There are 2 correct answers for this question)

  • Company code currency in costing-based CO-PA

  • Fiscal year variant

    (Correct)

  • Operating Concern Currency (Correct)

  • Second period type Explanation

    Mandatory attributes are Fiscal year variant and Operating Concern Currency. Company Code currency is maintained only in costing-based CO-PA.

Question 2:

At which level do you define the valuation method for results analysis?

Sales organization

  • Company code

  • Controlling area

(Correct)

Operating concern

Explanation

The valuation method is defined by the following parameters: · Controlling area to which the object is assigned
· Results analysis key specified in the object
· Results analysis version specified in results analysis

· Results analysis method · Status control
· Profit basis
· Valuation level

· Minimum values (if applicable)
Reference link:
http://mysaplib.com/00000678/e4e42c7dd435d1118b3f0060b03ca329/content.htm

Question 3:

How can you define the overhead rate in a costing sheet? (There are 2 correct answers for this question)

  • As lot-based surcharge

  • As equivalence number

  • As quantity-based surcharge

    (Correct)

  • As percentage rate (Correct)

    Explanation

    Overhead rates are applied to the calculation base either as a lump sum per quantity unit or as a percentage of the direct costs. You also specify the validity period and the conditions under which the overhead should be calculated. The system calculates the overhead amount either as a percentage or based on the quantity.

    Reference link:

    https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/09d269533d4ee047e10000000a441470.html

Question 4:

On which document in the sales process is the profit center initially entered?

  • Sales inquiry

  • Service contract

  • Goods issue

  • Sales order

(Correct)

Explanation

It is necessary to assign SD sales orders to profit centers in order to reflect receivables,

sales revenues, and sales deductions on profit centers.

The profit center assignment is also passed on from the sales order through the supply chain: sales order -> delivery note -> goods issue -> billing document. This means that the when a goods issue is posted, the corresponding revenue value for the goods is also passed on to the profit center of the sales order

Reference link:

http://saphelp.ucc.ovgu.de/NW750/EN/83/6cd7531a4d424de10000000a174cb4/conte nt.htm

Question 5:

Which of the following are typical activities of the sales planning phase in SAP S/4HANA?

(There are 2 correct answers for this question)

  • Bottom-up distribution

  • Transfer of GL account data

(Correct)

  • Top-down distribution

  • Manual entry of data

    (Correct)

    Explanation Typical activities:

    - Planning methods include automatic methods that allow you to produce data automatically for an entire plan or to carry out changes on that data, and functions that allow you to enter planning data manually

    - You have the option, on the one hand, of transferring to CO-PA data from Sales and Operations Planning (SOP), from the logistical information system, from internal order planning, and from project planning, and, on the other hand, to transfer planning data to Profit Center Accounting or Financial Accounting

    Reference link:

    https://help.sap.com/viewer/bc7bfa203895425090402d10d80cd9f2/6.17.19/en- US/296ec7531dc61d4be10000000a174cb4.html

Question 6:

Which characteristic of an internal order does the order type control?

  • Controlling areas the order is assigned to

  • Budget profile assigned to the order

(Correct)

  • Types of costs posted to the order

  • Time period for which the order is valid

Explanation

Internal Order type:

Question 7:

You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this?

(There are 2 correct answers for this question)

  • By defining a usage key in the header of the routing

  • By assigning a cost center to the work center in the operation

  • By marking the Relevance to Costing indicator in the operation

    (Correct)

  • By marking the cost indicator in the control key assigned to the operation (Correct)

    Explanation

    Marking the Relevance to Costing indicator in the operation:

Marking the cost indicator in the control key assigned to the operation:

Reference link:

https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/c894d7531a4d414de10000000a174cb4.html

Question 8:

You have activated budget availability control for an internal order and entered an overall budget of 10000. Actuals of 10000 was posted for this internal order in the current year. You want to create a Purchase Order with amount of 1000. How is that possible?

(There are 2 correct answers for this question)

The cost element is exempted from budget availability control.

(Correct)

The difference of 1000 is within the tolerance limits defined in the configuration.

(Correct)

  • The purchase order has NOT generated a budget document yet.

  • The purchase order was entered in a different year than the budget.

Explanation

When you activated budget availability control and entered an overall budget, the system check budget for every PO which raise the cost in case they were entered in a different year and they always generated a budget document.

However, the system doesn’t check budget if the difference is within the tolerance limits or the cost element is exempted.

I have already tested this!

Question 9:

Which tasks can you perform on a production order in a make-to-order scenario with valuated stock?

(There are 2 correct answers for this question)

  • Settle the variances to CO-PA (Correct)

  • Perform results analysis (Correct)

  • Transfer reserves for realized costs

  • Calculate production variances

    Explanation

    You can perform results analysis at the level of the sales order item, for example to calculate the value of the goods that have been delivered but not yet invoiced (goods in transit). You can then transfer the results analysis data to FI, CO-PA, and EC-PCA when you settle.

    The variances calculated on the production orders are settled during the period-end closing process for the Product Cost by Order component.

    No data has yet been transferred to Profitability Analysis (CO-PA) because both the actual revenues and the cost of sales are zero. The actual revenues and the (standard) cost of goods manufactured of sales are transferred to Profitability Analysis when you invoice. Settlement of the production order also transfers the variances to CO-PA.

    Reference link:

    https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/1e20ba538c95b54ce10000000a174cb4.html

Question 10:

A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit?

Client
Operating concern Plant
Controlling area

(Correct)

Explanation

Profit center standard hierarchy is a special type of profit center group. The standard hierarchy is a tree structure which contains all profit centers in a controlling area and reflects the organizational structure used in Profit Center Accounting.

Reference link:

https://help.sap.com/saphelp_me60/helpdata/EN/27/d4d253913e4608e10000000a17 4cb4/content.htm?no_cache=true

Question 11:

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

  • Cost estimates with quantity structure

  • Cost estimates across company codes

  • Cost estimates within the same plant

  • Cost estimates with same cost component structure

    (Correct)

    Explanation

    In Customizing for transfer control, you can specify what cost estimates are used. You can define a strategy in the transfer control for the following:

    · Transfer of cost estimates in the same plant.
    · Cross-plant transfer of cost estimates.
    Requirement: You must use the same cost component structure. Reference link: https://wiki.scn.sap.com/wiki/display/ERPFI/Transfer+control+explanation

Question 12:

Which processes belong to the “final costing” of cost objects? (There are 2 correct answers for this question)

Work in process

(Correct)

Variance calculation

(Correct)

Overhead surcharge

Revaluation at actual costs

Explanation Final costing:

Once the cost object has been produced, final costing determines the actual costs incurred during the production process. Final costing also serves the purposes of cost analysis and control.

Final costing is normally performed during period-end closing.

The period-end closing process includes the capture of period costs, which are actual costs that are not attributable to the cost object from a particular activity. This can be the revaluation of activities at actual prices or the calculation of process costs or overhead, for example.

The period-end closing process can also determine the value of unfinished goods (work in process).

You can calculate variances in the period-end closing process in Product Cost by Period and Product Cost by Order.

When you settle, you can transfer data to other application components such as

Financial Accounting.

Period-end closing in Cost Object Controlling is performed after period-end closing in Cost Center Accounting.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/2dd74b530f57ff4fe10000000a44176d.html

Question 13:

You want to prevent periodic cost fluctuations. Which activity should you choose to distribute irregular expenses to the relevant periods?

  • Variance calculation

  • Cost splitting

  • Periodic reposting

  • Accrual calculation (Correct)

    Explanation

    Operating expenses are often allocated differently in financial accounting than in cost accounting. If, for example, an expense incurred in external accounting covers a whole year, you must assign a proportion of the whole to each individual cost accounting period. You distribute irregularly-occurring expenses, according to cost-origin, on the months in which they are incurred. This allows you to avoid irregularities within cost accounting. Costs allocated in this manner are termed accrued costs.

Reference link:

https://help.sap.com/viewer/b59f7cddf77842d2a53ff3fcbd5ffeb2/6.05.16/en- US/b62dee518e4b3946e10000000a44538d.html

Question 14:

To which objects do you assign the elements of the cost component split to ensure the transfer of costing to costing-based CO-PA?

Value fields

(Correct)

  • Controlling areas

  • G/L accounts Segments

Explanation

The type of costing that is to be used to calculate the cost of sales is specified in a costing key. Costing keys can be assigned to different characteristic values. The cost components for cost of goods manufactured from Product Cost Planning are assigned to value fields in CO-PA.

Reference link:

https://help.sap.com/viewer/bc7bfa203895425090402d10d80cd9f2/6.18.06/en- US/cc585853b0c24636e10000000a44176d.html

You can assign Cost Component to Value Field via Tcode KE4R:

Question 15:

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 3 correct answers for this question)

To set the initial status as Created or Released

(Correct)

  • To define the user status (Correct)

  • To permit or forbid specific transactions (Correct)

  • To activate the CO partner update

  • To define users for the order Explanation

    A status profile is created in customizing per order type. Within a status profile you can: · Define user statuses and document their function in long texts

    · Specify the expected sequence of user statuses by assigning a "status number" to each user status

    · Define an initial status, which is automatically set when the object is created

    · Specify that a user status should automatically be activated, if a certain business transaction is carried out

    · Allow or forbid certain transactions, if a status is active

    Reference link:

    https://help.sap.com/doc/7205b753128eb44ce10000000a174cb4/3.6/en- US/9704b753128eb44ce10000000a174cb4.html

Question 16:

What are some of the objectives of Profitability Analysis? (There are 2 correct answers for this question)

  • Allow the company to determine standard costs and revenues according to the period accounting method.

  • Allow the company to determine if the sales force achieved their contribution margin goals.

(Correct)

  • Provide the company with a detailed view of its financial statements by responsibility units.

  • Provide the company with information on the performance of its market segments.

(Correct)

Explanation
Profitability Analysis (CO-PA) enables you to evaluate your company’s profit or contribution margin by market segment or by strategic business unit (such as a sales organization or business area). Your market segments can be classified according to

products, customers, orders, or any combination of these. Profitability Analysis provides your sales, marketing, product management, and corporate planning departments with information to support internal accounting and decision-making.

Reference link:

https://help.sap.com/doc/2ed6cf535b804908e10000000a174cb4/3.6/en- US/f813d254fb26c50ae10000000a441470.html

Allow the company to determine standard costs and revenues according to the period accounting method which is the objective of Product Costing.

Provide the company with a detailed view of its financial statements by responsibility units which is the objective of Profit Center Accounting.

Question 17:

What can you manage via the account assignment category? (There are 2 correct answers for this question)

  • Costing variant

  • Separate sales order stock

  • Valuated sales order stock (Correct)

  • Product cost by the sales order (Correct)

    Explanation

    · If you are using a valuated sales order stock, you must choose whether the valuated sales order stock is valuated separately from the make-to-stock inventory (with reference to sales document/project) or together with the make-to-stock inventory (Valuation indicator).

    · You must specify whether the sales order item carries costs and revenues (that is, whether you want to use Product Cost by Sales Order).

    You control this in the account assignment category with the Consumption posting indicator.

    Reference link:

    https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/bdcad8530439414de10000000a174cb4.html

    Question 18:

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 2 correct answers for this question)

To store actual-plan variance

(Correct)

To store different plan data

(Correct)

To store parallel valuation

To store different budget data

Explanation

CO Versions used to create independent data groupings in planning and in actual. In planning, version display alternative plan scenarios based on different planning assumptions.

The version values can be copied from one to another. Normally, the version “000” in planning have the legal values provided by the SAP. We can maintain user defined versions in addition to the version “0”. The plan and actual data for version 000 serves in plan/actual comparisons and in variance analysis.

Reference link:

https://Correct.tutorialscampus.com/sap-co/maintain-versions.htm

Question 19:

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?

  • Tracing factor (Correct)

  • Cycle iteration

  • PA transfer structure

  • Template Explanation

    The below picture show Tracing factor which is part of the assessment cycle:

Question 20:

Which activities can you perform while you create cost center hierarchies? (There are 2 correct answers for this question)

Reassign a cost center to another node of the standard hierarchy.

(Correct)

  • Create a cost center without specifying a standard hierarchy.

  • Assign a standard hierarchy to several controlling areas.

Append nodes and cost centers to a node of the standard hierarchy.

(Correct)

Explanation

In controlling area maintenance, you assigned the highest node of the standard hierarchy to the controlling area.

You must assign each cost center you create to a group in the standard hierarchy. This ensures that the standard hierarchy contains all the cost centers in the controlling group.

Changing the assignment of a cost center to a node in the standard hierarchy

To move a cost center within the standard hierarchy, select the cost center and either: - Place your cursor on the target node and choose Lower level , or

- Place your cursor on the target cost center and choose Same level. Reference link:

https://help.sap.com/doc/3011d553088f4308e10000000a174cb4/2.6/en- US/a60ad553088f4308e10000000a174cb4.html

Question 21:

Which controls can you set when you determine a characteristic derivation? (There are 3 correct answers for this question)

  • System response when unsuccessful (Correct)

  • Conditions for execution (Correct)

  • Valuation calculation

  • Display authority

  • Overwriting authority

    (Correct)

    Explanation

    The standard derivation procedure runs by default as follows:

    1. If you have specified any conditions for running a derivation step (see below), the system starts by checking these conditions. If those conditions are not fulfilled, the system ignores the step.

    2. The system checks to make sure that the source fields contain values. If one of the source fields is initial (blank for CHAR fields or "0" for NUMC fields), the system does not perform derivation.

    3. Provided that some of the target fields for the derivation step are not yet populated with values, the step is carried out. If values are found, they are entered in the corresponding target fields, provided that those fields do not already contain a value. Fields that already contain values are not changed.

    4. If no target values can be found in the derivation step to match the specified source field values, all the target fields remain unchanged. No error message is displayed for most derivation types. If the step is a derivation rule, however, the system issues an error message by default if no suitable target values are found.

    This means that the default settings no longer allow fields that already contain values to be overwritten in characteristic derivation.

    Reference link:

    https://help.sap.com/doc/185fd353c6244308e10000000a174cb4/3.6/en- US/675cd353c6244308e10000000a174cb4.html

Question 22:

Which key performance indicators (KPIs) does profit center accounting help you report?

(There are 2 correct answers for this question)

  • Impact on sales of a marketing activity

  • Return on capital expenditure investment

(Correct)

Profit contribution of a department

(Correct)

Contribution of new customers to gross revenue

Explanation
Profit Center Accounting (EC-PCA) lets you determine profits and losses by profit center using either period accounting or the cost-of-sales approach. It also lets you analyze fixed capital and so-called “statistical key figures” (number of employees, square meters, and so on) by profit center. Consequently, you can calculate all key figures commonly used in cost accounting (return on investment, cash flow, sales per employee, and so on).

Reference link:

https://help.sap.com/doc/374cd953292a424de10000000a174cb4/3.6/en- US/7765cf536db84408e10000000a174cb4.html

Question 23:

In the material master record there are three planned prices. What do you use them for?

  • To valuate goods movement

  • To update the standard price during the release of a standard cost estimate

    (Correct)

  • To valuate material stocks

  • To valuate the materials in cost estimates

    Explanation

    You can update the results of the modified standard cost estimate and the current cost estimate (as well as standard cost estimates and inventory cost estimates) as planned prices 1, 2 and 3 in the material master .

    Reference link:

    https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/b896d7531a4d414de10000000a174cb4.html

    Question 24:

Independent from the cost object, which parameters are always contained in a costing variant?

(There are 2 correct answers for this question)

Costing type

(Correct)

Valuation variant

(Correct)

  • Reference variant

  • Transfer control

Explanation

Costing Type and Valuation Variant are always contained in a costing variant. Reference variant and Transfer control are optional, not required.
Reference link:

https://blogs.sap.com/2013/11/19/basics-of-sap-standard-cost-estimate- understanding-costing-variant-part-2/

Question 25:

Which settings can you configure per order type for the budget and availability control?

(There are 2 correct answers for this question)

  • Budget tolerance limits (Correct)

  • Design budget manager (Correct)

  • Budgeting on cost element level

  • Budget data entry layout Explanation

    The customizing of availability control is made of the below steps: 1.Maintain the budget profile.
    2.Maintain number ranges for budgeting.
    3.Define tolerance limits for the availability control.

    4.Specify exempt cost elements from the availability control.

    5.Maintain the budget manager.

    Define tolerance limits and budget manager are refered to Order type. Specify exempt cost element is not assigned to Order type.

Question 26:

You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity?

(There are 3 correct answers for this question)

Network

(Correct)

Sales order item

(Correct)

Cost center

(Correct)

  • Statistical overhead order

  • General ledger account

Explanation

The following are possible receivers of SAP direct activity allocation:

· Cost centers · Orders

· WBS element
· Business processes · Real estate object
· Cost object
· Profitability segment

· Network/activity
· Production process
· Cost center/activity type
·
Customer order
Reference link: https://erproof.com/co/sap-co-training/sap-direct-activity-allocation/

Question 27:

What can you specify when you create an activity type? (There are 3 correct answers for this question)

  • The valid receiving cost center types

  • The activity type category for allocation

    (Correct)

  • The valid sending cost center types (Correct)

  • The secondary costs G/L account for internal activity allocation (Correct)

  • The primary costs G/L account for internal activity allocation Explanation

    Reference link:

    https://help.sap.com/viewer/9afb6f90c86748ef9f2b17c7d857f9b3/6.03.19/en- US/c10ad553088f4308e10000000a174cb4.html

Here is screenshot of Activity Type master data from SAP system:

Question 28:

How does the system derive the requirement type from the material master data? (There are 2 correct answers for this question)

  • MRP group requirements class -> planning strategy -> requirements type

  • MRP group -> strategy group -> planning strategy -> requirements type

(Correct)

Strategy group -> planning strategy -> requirements type

(Correct)

Strategy group -> planning strategy -> requirements class -> requirements type

Explanation

By assigning a planning strategy to a particular material, the system determines the correct requirements type (and thus all the contol parameters of the requirements class) when creating planned independent requirements or sales orders. Here, you must

maintain the following objects and assignments:
- You must maintain the planning strategy (in Customizing for Demand Management).
- You must assign the planning strategy to a strategy group (in Customizing for Demand

Management)

- You must assign the strategy group to the material (in the material master record), so that the system can determine the correct requirements type automatically.

- You can also assign the planning strategy via the MRP group. You do this by assigning the strategy group in Customizing for Demand Management to the MRP group. In this case, the MRP group is assigned to the material in the material master record.

Reference link:

http://saphelp.ucc.ovgu.de/NW750/EN/66/23bf53d25ab64ce10000000a174cb4/conte nt.htm

Question 29:

In the Product Cost by Order component, what does the system calculate depending on the order status?

  • Both WIP and variances or only variances

  • WIP at actual costs or variances (Correct)

  • WIP at planned costs or variances

  • WIP at target costs or variances Explanation

    This method determines the work in process for each production order by calculating the difference between the actual costs incurred and the actual costs settled (that is, the difference between the debits for goods issues, internal activity allocations, external activities, and overhead on the one hand, and the credits for goods receipts on the other). Once the last part of the order lot has been delivered to stock, any remaining work in process must be canceled so that the order costs can properly be settled to stock.

    The status of the order determines whether WIP calculation creates or cancels the work in process:

    - If the order has the status REL (released), the system can calculate work in process.

    - Once the order receives the status DLV (Delivered) or TECO (Technically completed), the work in process calculated in a previous period is canceled.

    Reference link:

    https://blogs.sap.com/2014/04/09/basics-of-variance-calculation-understanding- period-end-activities-wip-and-variances/

Question 30:

You need to assign a company code to a controlling area. Which settings must be

identical for both organizational objects? (There are 2 correct answers for this question)

  • Operational Posting period

  • Fiscal year variant

(Correct)

Currency
Operational Chart of accounts

(Correct)

Explanation

If you assign more than one company code to one controlling area, then you need to note the following:

- You need to use a consistent chart of accounts. You need to treat each cost element (in all company codes) in the same way (for example, as a primary cost element, or as an accrual cost element). In Financial Accounting, you can also use country-specific charts of accounts.

- The operative fiscal year variants in the company codes must match the fiscal year variants in the controlling area.

Reference link:

https://help.sap.com/saphelp_me61/helpdata/EN/7a/e7ed5142de7131e10000000a17 4cb4/content.htm?no_cache=true

Question 31:

Where do you activate commitment management for internal orders? (There are 2 correct answers for this question)

  • In the order type (Correct)

  • In the company code

  • In the controlling area

    (Correct)

  • In the budget profile Explanation

    You activate commitments management:
    - For each controlling area from a chosen fiscal year - For orders per order type
    - For cost centers per cost center type

Reference link:

https://help.sap.com/erp_hcm_ias2_2014_03/helpdata/en/06/7cd0531d8b4208e1000 0000a174cb4/content.htm?no_cache=true

Question 32:

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

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

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

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

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

(Correct)

Explanation

Along with profitability segments and cost objects, business processes, cost centers, cost centers/activity types receiver objects can also be used in template allocations. A template allocation can be run on such business processes, cost centers or cost centers/activity types only when these are assigned fixed allocation templates in the master data. Only one template can be referenced to each business process; to each

cost center one for activity dependent and another for activity independent allocations. You can assign additional templates for the formula planning. Each business processes or cost center can appear several times as a sender in various templates.

The system calculates the actual quantity retroactively from receiver to sender objects with template allocations for business processes, cost centers or cost centers/activity types in actual. By evaluating the process flow with the plan activity price, the SAP System can assign costs to the receivers during the allocation itself.

Reference link:

https://help.sap.com/doc/704ad953189a424de10000000a174cb4/3.6/en- US/4d19d553088f4308e10000000a174cb4.html

Question 33:

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 2 correct answers for this question)

  • The line item needs a reference to an FI document (Correct)

  • The report of the line item is updated in the original F1 document

  • The line item values are validated against the original document (Correct)

  • There is the option to assign the line item to several receiver objects Explanation

    When you perform repost lien item (KB61):

    Select the line items to be reposted from the CO document corresponding to the FI document. The system then reposts the selected line items.

    The given amount is reassigned from the account assignment object (for example, a cost center) of the selected line item to one or more new CO objects.

If specify multiple CO objects, you must ensure that the total amount to be reposted does not exceed the overall value of the line items for the sender object.

Reference link:

https://help.sap.com/doc/2e11d553088f4308e10000000a174cb4/3.6/en- US/0d0cd553088f4308e10000000a174cb4.html

Question 34:

Which of the following statements best describe Product Cost by Order? (There are 2 correct answers for this question)

It is used when you perform repetitive manufacturing.

It is used when controlling by individual production lots or discrete quantities is needed.

(Correct)

It is recommended for products with a long production time.

It is used when full cost traceability is needed.

(Correct)

Explanation

Product Cost by Order is recommended in lot-based production environments. Typical applications of Product Cost by Order are in order-related production or batch-based

process manufacturing. The production process is based on manufacturing orders where the focus of production and cost analysis is on a particular quantity (production lot size).

The Product Cost by Period method is recommended for products that have relatively high design stability and are manufactured over an extended period of time. If you are manufacturing your products in a repetitive manufacturing environment, you always use Product Cost by Period.

So that these answers “long production time” and “repetitive manufacturing” are

describe of Product Cost by Period, not Product Cost by Order.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/e9e314532403e50be10000000a441470.html

Question 35:

You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting?

(There are 3 correct answers for this question)

  • Payment discount

  • Order quantity

  • Sales deductions

    (Correct)

  • Revenues (Correct)

  • Accruals (Correct)

    Explanation

    The following data is transferred from bills and debit and credit memos to Profit Center Accounting:

    · Revenues

    · Sales deductions (shipping, discounts etc.)

    · Accruals (e.g. from rebate agreements)

    The profit center is assigned at the item level of the sales order. As a default, the system proposes the profit center of the material in the supplier plant

    Reference link:

    http://saphelp.ucc.ovgu.de/NW750/EN/0e/4bd953292a424de10000000a174cb4/fram eset.htm

Question 36:

How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports?

  • It selects actual data from table CE2XXXX and plan data from table CE3XXXX.

  • It selects actual data from table CE1XXXX and plan data from table CE2XXXX.

(Correct)

It selects actual data from table ACDOCA and plan data from table ACDOCP.

It selects actual data from table ACDOCA and plan data from table COSP.

Explanation

Costing-based profitability analysis is very powerful because these value fields can be defined as required in each SAP client, thus allowing for a great degree of flexibility. From a data point of view, costing-based profitability analysis uses the following tables:

- CE1xxxx (actual line item table) - CE2xxxx (plan line item table)

- CE3xxxx (segment level)
- CE4xxxx (segment table)
Reference link:
https://blog.sap-press.com/profitability-analysis-with-sap-s4hana-finance

Question 37:

Which functionalities can create primary cost component splits? (There are 2 correct answers for this question)

  • Cost center/activity type price calculation

  • Execution of the assessment cycles

    (Correct)

  • Business processes price calculation

  • Settlement of internal orders (Correct)

    Explanation

    The primary costs from Overhead Cost Controlling can either be transferred directly into the primary cost component split of the product or assigned to other cost components. In this way, you can explode the costs for specific internal activities partly by their primary costs, and combine them partly as secondary costs.

    You can transfer the primary cost component split of the internal activities directly into the cost estimate, or assign it to other cost components. This enables you to break down certain activities into their primary costs only partially, or report them as secondary costs.

    Reference link:

    https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/a8a2d553088f4308e10000000a174cb4.html

Question 38:

You enter the actual activity quality for work and vacation in the cross-application timesheet. 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 2 correct answers for this question)

Manual entry, manual allocation

(Correct)

Manual entry, no allocation

(Correct)

Manual entry, indirect allocation

Indirect determination, indirect allocation

Explanation

Activity type category 1: Manual entry, manual allocation:

You enter actual activity quantities in internal activity allocation, based on business transactions.

Activity type category 4: Manual entry, no allocation:

You enter the actual activity quantities by business transaction. You cannot allocate to other objects.

Reference link:

https://help.sap.com/doc/2e11d553088f4308e10000000a174cb4/3.6/en- US/fef3d353c6244308e10000000a174cb4.html

Question 39:

When you create a planning layout, which objects can you use to define the data columns?

(There are 3 correct answers for this question)

  • Value fields (Correct)

  • Formulas (Correct)

  • Summarization level

  • Distribution key

  • Characteristics (Correct)

    Explanation

    Value columns are defined using value fields, characteristics, attributes, and formulas.

    The decision whether you want the value fields to appear in the rows or in the columns is made as soon as you define the first element of the layout. This decision cannot be reversed. When you define a value field in a row or column, you can also specify characteristics to limit the value field.

    Reference link:

https://help.sap.com/doc/185fd353c6244308e10000000a174cb4/2.6/en- US/a75dd353c6244308e10000000a174cb4.html

Question 40:

You are considering using commitment management with internal orders. What do you need to do in the configuration?

Activate commitment management in both the controlling area and the order type.

(Correct)

  • Activate commitment management only in the order type.

  • Activate commitment management only in the controlling area.

  • Activate commitment management in both the company code and the order

    type.

Explanation

You activate commitments management:
- For each controlling area from a chosen fiscal year
- For orders per order type
- For cost centers per cost center type
Reference link:
https://help.sap.com/erp_hcm_ias2_2014_03/helpdata/en/06/7cd0531d8b4208e1000

0000a174cb4/content.htm?no_cache=true

Question 41:

Which order status is relevant for creating work in process (WIP) calculations when you use Product Cost by Order (PCO)?

Delivered

Created

  • Partially released

    (Correct)

  • Technically completed Explanation

    The status of the order determines whether WIP calculation creates or cancels the work in process.

    - If the order has the status REL (released), the system can calculate work in process.

    - Once the order receives the status DLV (Delivered) or TECO (Technically completed), the work in process calculated in a previous period is canceled.

    Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/ebfe8c53d7d8ec23e10000000a174cb4.html

Question 42:

Which management accounting currencies can you use for evaluation when you use cross-company-code cost accounting?

(There are 3 correct answers for this question)

Transaction currency

Controlling area currency

(Correct)

  • Reference currency

  • Object currency

(Correct)

Company code currency

(Correct)

Explanation

If you choose the assignment of Cross Company Code Accounting, then you can: · Assign more than one company code to the controlling area, or
· Specify a controlling area currency different from the company code currency.

If you use a controlling area currency, which differs from the company code currency, the system automatically records the company code currency as the object currency for the CO objects.

Reference link:

https://help.sap.com/doc/8542de531ed3424de10000000a174cb4/2.6/en- US/f641de531ed3424de10000000a174cb4.html

Question 43:

Which object can you configure offset overhead surcharges for a cost object? (There are 3 correct answers for this question)

  • Internal order (Correct)

  • Profitability segment

  • Business process (Correct)

  • Cost center

(Correct)

Profit center Explanation

Overhead costs are costs which can be assigned only indirectly to the production order, such as electricity costs or general storage costs.

Overhead costs are assigned to the production order via overhead surcharges. They are updated in the order under the cost elements defined in the costing sheet.

A costing variant is defined in customizing per order type and plant. The costing variant refers to a costing sheet. The costing sheet determines what overhead surcharges are assigned to the order.

The costing sheet specifies:

- Which direct costs to apply surcharges to

- Under which conditions an overhead is calculated

- How high, depending on these conditions, the surcharge percentage is

- Which object (for example, a cost center) is credited under which cost element during actual postings

Reference link:

https://help.sap.com/viewer/bfece09273bd474d82fdd97bae070c25/6.06.26/en- US/2603b753128eb44ce10000000a174cb4.html

Question 44:

In a standard system delivery, how many characteristics can be added to an operating concern?

Over 150 101-150

0-70

(Correct)

71-100

Explanation

SAP recommends maximum 50 characteristics in COPA. This includes SAP referenced characteristic as well as user defined characteristic. 10-20 characteristics is enough to satisfy the clients reporting purpose. The maximum number of characteristic and existing number of characteristic can be viewed in transaction KEA0 -> Data Structure -> Extras -> Technical limit.

Question 45:

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 2 correct answers for this question)

  • Production order settlement (Correct)

  • Delivery from production order to sales order stock

  • Production order confirmation

  • External goods receipt on sales order stock

    (Correct)

    Explanation

    Actual Costs with a Nonvaluated Sales Order Stock

1. Actual costs on the production orders

2. Goods movements for a nonvaluated sales order stock are not valuated in Financial Accounting . This means that the material consumptions of dependent requirements (mainly semifinished products) from the sales order stock are not shown on the production order. These costs are entered on the sales order item either when the invoice is entered or at the point of goods receipt (external procurement) or order settlement (in-house production). Because the production orders do not contain the full actual costs, accurate variance calculation is not possible and is therefore not supported by the system.

3. Actual costs on the sales order item

Reference link:

https://help.sap.com/viewer/6fe2dad9dab7486fb4469d13552824f2/6.17.14/en- US/12c8d8530439414de10000000a174cb4.html

Question 46:

Which of the following statements are applicable to automatic account assignment in SAP S/4HANA?

(There are 2 correct answers for this question)

It can be defined for postings on general ledger accounts of primary costs type.

(Correct)

  • It can be defined for postings on general ledger accounts of secondary costs type.

  • It can be overwritten in the application.

(Correct)

It takes precedence over validation and substitution

Explanation

You can define automatic account assigments or default account assugnments for postings of the primary cost element type.

The SAP system then automatically includes the specified (additional) account

assignment for the primaty postings you make.

You define automatic and default account assignments for cost elements that you always post to a particular cost center. You can also define the assignment of an overhead order or profit center to a cost element. Whether automatic or default, the

account assignmments are default values that can be overwritten in the application. Reference link: https://wiki.scn.sap.com/wiki/display/ERPFI/CO+Account+Assignment

Question 47:

You want to set up integrated planning for your internal orders. What do you need to do?

(There are 2 correct answers for this question)

  • Set the relevant indicator in the internal order master record. (Correct)

  • Set the relevant indicator in the planning profile of the order type.

  • Set the relevant indicator in the controlling area.

  • Set the relevant indicators in the CO version.

    (Correct)

    Explanation

    The following indicators are used for integrated planning for internal orders: · Integrated planning in the order master data or the order type.
    · Integrated Planning indicator in the version.
    Reference link:

    https://help.sap.com/doc/b013d553088f4308e10000000a174cb4/3.6/en- US/8b12d553088f4308e10000000a174cb4.html

Question 48:

You want to understand why costs are collected on the sales order item level. What do you need to check in the configuration?

(There are 3 correct answers for this question)

Requirements class

(Correct)

  • Valuation variant

  • Costing type

  • Requirement type

(Correct)

Account assignment category

(Correct)

Explanation

Prerequisites for Product Cost Collectors in Sales-Order-Related Production

• You are in a repetitive manufacturing environment.

• Ensure that you are using a valuated sales order stock by determining a requirements type for the sales order item that specifies a requirements class in which it has been

specified that you are using a valuated sales order stock (see also: Control of Requirements Type Determination ; Checking the Requirements Type in the Sales Order ).

• You are not using a material that does not have an accounting view (for detailed information on this point, refer to the section Valuated Sales Order Stock ).

• In this scenario you will not normally need a sales order item that carries costs and revenues (i.e. you will not need to use the functionality of Product Cost by Sales Order ).

Make sure that the sales order item does not carry costs and revenues by entering
an
account assignment category in the requirements class that specifies that the sales order item does not carry costs and revenues.

You can also specify the settings for requirements type determination, the requirements type, the requirements class, and the account assignment category in Customizing for Product Cost by Sales Order under Control of Sales-Order-Related Production.

Reference link:

https://help.sap.com/saphelp_me60/helpdata/en/1a/20bb536b13b44ce10000000a17 4cb4/content.htm?no_cache=true

Question 49:

Which of the following values can be calculated using results analysis? (There are 3 correct answers for this question)

  • Cost of goods manufactured

  • Work in progress (Correct)

  • Cost of sales (Correct)

  • Reserves for unrealized costs (Correct)

  • Gross margin Explanation

    Depending on the results analysis method, the system can calculate the following results analysis data:

    · Inventory values
    · Reserves for unrealized costs · Reserves for imminent loss

· Reserves for complaints and commissions

· Cost of sales

· Calculated revenue

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/bae34252b9f86860e10000000a423f68.html

Question 50:

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

  • Group costing

  • Valuation variant

  • Quantity structure control

  • Transfer control

(Correct)

Explanation

You can use this existing data in costing, and transfer it to other cost estimates. You can transfer existing material cost estimates with and without quantity structure .

You can transfer an existing cost component split using Transfer control.

Reference link:

https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/fa94d7531a4d414de10000000a174cb4.html#:~:text=You%20use%20transfer%20c ontrol%20to,use%20for%20the%20cost%20estimate

Question 51:

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 2 correct answers for this question)

  • The type of the corresponding general ledger account must be primary cost/revenue or secondary cost.
    (Correct)

  • The type of the corresponding general ledger account must be balance sheet.

  • Costing-based Profitability Analysis must be active.

    (Correct)

  • Account-based Profitability Analysis must be active

Explanation

Reference link:

https://Correct.erpcorp.com/sap-controlling-blog/profitability-analysis-in-sap-s4hana- attributed-profitability-segment

Question 52:

In which SAP S/4HANA components can you report the results of the results analysis? (There are 3 correct answers for this question)

Inventory management

Profitability analysis

(Correct)

Profit center accounting

(Correct)

  • Sales and distribution

  • Financial accounting

(Correct)

Explanation

You can use results analysis to:

- Calculate the value of the costs that can be capitalized for each sales order item. You can capitalize costs with an option to capitalize by means of settlement to Financial

Accounting (FI).

- Determine whether reserves should be created. Results analysis creates reserves that you can transfer to FI, Profit Center Accounting (EC-PCA), and (depending on the type of reserve) Profitability Analysis (CO-PA) when you settle.

- Reconcile the data posted in FI and in CO-PA to each other
Reference link:
https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en-

US/bae34252b9f86860e10000000a423f68.html

Question 53:

What do you get if you mark a standard price cost estimate? (There are 2 correct answers for this question)

  • An accounting document for material ledger

  • A future standard price

    (Correct)

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

  • A new status in the cost estimate

    (Correct)

    Explanation

    Marking enables the results of the standard cost estimate to be updated as the future standard price in the material master.

    The cost estimate has the status KA (costed without errors). The cost estimate has therefore yet to be marked or released.

    The cost estimate has the status VO (marked without errors). Costing has been carried out, and the cost estimate has been marked but not released.

    Reference link:

    https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/9496d7531a4d414de10000000a174cb4.html

    https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/9195d7531a4d414de10000000a174cb4.html

Question 54: Correct
How does SAP S/4HANA capture costs?

(There are 2 correct answers for this question)

All primary and secondary costs are captured by creating them as cost elements.

(Correct)

  • Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts.

  • Only primary costs are captured in general ledger accounts.

  • Primary and secondary costs are captured in general ledger accounts.

(Correct)

Explanation

In SAP S/4HANA:

Primary cost or revenue elements are G/L accounts of the G/L account type Primary Costs or Revenue. Primary cost elements reflect operating expenses such as payroll, selling expenses, or administration costs.

Examples of primary cost elements:

· Material costs
· Personnel costs

· Energy costs

Secondary cost elements are G/L accounts of the G/L account type Secondary Costs. Secondary cost elements represent costs resulting from value flows within the organization, such as internal activity cost allocations, overhead allocations, and settlement transactions.

Examples of secondary cost elements:

· Overhead allocation
· Internal activity allocation · Order settlement Reference link:

https://help.sap.com/doc/3011d553088f4308e10000000a174cb4/3.6/en- US/f9acc2531bb9b44ce10000000a174cb4.html

Question 55:

For which objects can you revaluate activities and business processes at actual prices?

(There are 3 correct answers for this question)

  • Profit centers

  • Cost centers

    (Correct)

  • Work centers

  • Work breakdown structure elements

    (Correct)

  • Profitability segments (Correct)

    Explanation

    Revaluation at actual prices supplements revaluation of activity allocations between cost centers and business processes. It is used to correct activity allocations that occurred previously from cost centers or business processes to other cost accounting objects.

    You can use revaluation at actual prices for the following objects: · Internal orders
    In Cost Object Controlling:

· Production orders
· Process orders
· Product cost collectors
· Cost object nodes in a cost object hierarchy
· sales document item (for example, sales orders) · General cost objects
In the Project System:
· Projects
· WBS elements
· Networks
· Network activities
Reference link:

https://help.sap.com/viewer/e558ba8d6e9f4562b70f270e6a5b112b/6.05.17/en- US/b3dcacd5-1765-4753-a423-278cf75d73c8.html

Question 56:

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 2 correct answers for this question)

Incoming invoice

(Correct)

Purchase requisition

(Correct)

  • Goods issue from order

  • Outgoing payment

Explanation

Availability control enables you to control costs actively by issuing warnings and error messages when costs are incurred. Active Availability Control Prevents the assignment

of too many funds If you enter business transactions that create costs on a Controlling element (for example, posting of an invoice), the system checks whether there is still sufficient budget available for the controlling element.

In above documents, Purchase requisition and Incoming Invoice are transactions which may arise cost.

Question 57:

What can you do with statistical internal orders?

  • Settle costs to a cost center.

  • Apply overhead rates to the internal order.

  • Simultaneously post to a cost center.

    (Correct)

  • Transfer posting to another internal order. Explanation

    Statistical internal orders are typically used to evaluate costs that cannot be displayed in detail either in Cost Element or Cost Center Accounting. These orders allow evaluations from a viewpoint different to that used in Cost Center Accounting.

    To achieve this, the debits for a cost center can receive an additional account assignment on a statistical internal order. The amount then appears under the original cost element, both on the cost center (cost effective) and the internal order (statistical).

    Reference link:

    http://saphelp.ucc.ovgu.de/NW750/EN/59/12d553088f4308e10000000a174cb4/frame set.htm#:~:text=Statistical%20internal%20orders%20are%20typically,used%20in%20Co st%20Center%20Accounting.

Question 58:

When do you select the percentage method for accrual calculation? (There are 2 correct answers for this question)

  • When you accrue activity-dependent costs and an appropriate cost element in NOT available

  • When you accrue-dependent costs and an appropriate cost element for defining overhead rates Is available

(Correct)

When you accrue activity-independent costs and an appropriate cost element for

defining overhead rates is available

(Correct)

When you accrue activity-independent costs and an appropriate cost element is NOT available

Explanation

The percentage method involves usage of a percentage rate to determine the cost to be

accrued in the accrual calculation
Target=Actual method is normally used in activity dependent costs

Plan=Actual method is used for activity-independent cost Reference link: https://erproof.com/co/sap-co-training/sap-accrual-calculation/

Question 59:

When you define assessment cycles for the period-end closing in overhead cost accounting, which object can you assign to the cycle segment?

Template

  • Settlement rule

  • Allocation structure

    (Correct)

  • Costing sheet Explanation

    In the below picture, Allocation Structure is assigned to Cycle Segment when you create assessment cycle for allocation execution:

Question 60:

What master data objects can you set up using time-based field?

(There are 2 correct answers for this question)

  • Standard hierarchies

  • Cost centers

(Correct)

  • Statistical key figure

  • Activity types

(Correct)

Explanation

You can maintain master data for cost centers, activity types, and business processes with time-based dependencies. This enables master data to be defined as valid only for specific time intervals. Saved data is also time-dependent, creating a historical dataset with multiple database records for a given master data record.

Reference link:

https://help.sap.com/doc/3011d553088f4308e10000000a174cb4/2.6/en- US/790ad553088f4308e10000000a174cb4.html

Question 61:

To which object do you assign a costing sheet?

  • Transfer control

  • Costing variant

  • Valuation variant (Correct)

  • Cost component structure Explanation

    The below picture is configuration for Costing Sheet which is assigned to Valuation Variant:

Question 62:

Where can you find actual transaction data of account-based CO-PA in SAP S/4HANA?

ACDOCA

(Correct)

BSEG
CE1XXXX COEJ

Explanation

Previously, data was read using a join between profitability segment table CE4XXXX and CO actual line item table COEP (which in SAP S/4HANA is a so-called compatibility view

that redirects the select to table ACDOCA internally). For new actual data, only profitability segments in table CE4XXXX_ACCT are created in most cases. Reading data solely from table CE4XXXX, without considering CE4XXXX_ACCT, will thus lead to incomplete or inconsistent results.

Therefore, all standard functionality in SAP S/4HANA 1709 reads account-based actual data directly from G/L line item table ACDOCA, since this table also contains the characteristic values and thus renders a join unnecessary.

Reference link:

https://help.sap.com/doc/474a13c5e9964c849c3a14d6c04339b5/100/en- US/3800147185c1491e8c73989ab80d01b4.html

Question 63:

How do you define the relationship between an operating concern and a controlling area?

  • Many-to-many (N:N)

  • One-to-one (1:1)

  • Many-to-one (N:1)

  • One-to-many (1:N)

    (Correct)

    Explanation

    The operating concern is the highest reporting level within CO-PA. It defines the limit of the sales and marketing information that can be reported together from this
    module.
    One or more controlling areas are assigned to an operating concern when organizational structures are defined.

    Reference link:

    https://wiki.scn.sap.com/wiki/display/ERPFI/Operating+concern+organization+unit

Question 64:

What is the default option for planning profit center values in SAP S/4HANA?

Financial accounting planning

Management accounting planning

  • Profitability analysis planning

  • Business planning and consolidation

(Correct)

Explanation

Profit Center Planning in SAP ECC is based on certain transactions (SAP GUI). Example: 7KE1-6 and 7KEP (Profit Center planning), IKE0 (transfer CO-OM plan to Profit Center plan). Businesses now have to use SAP BPC (Business Planning Consolidation) Optimized for SAP S/4HANA for planning transactions. These Transactions have been removed from the menu in SAP S/4HANA on-premise edition 1511 or higher.

Reference link:

https://eursap.eu/2018/11/13/blog-sap-s4hana-profit-center-accounting/

Question 65:

What can you use to difference two or more cost estimates for the same material? (There are 2 correct answers for this question)

  • Valuation variant

  • Transfer control

  • Costing version

    (Correct)

  • Costing variant (Correct)

    Explanation

    Together with the costing variant and the costing date, the costing version is saved to the database as the key which identifies the cost estimate as an individual entity. Here, you use the costing version to save several cost estimates for the same material, with the same costing variant and the same costing date.

    Cost estimates with the same key (costing variant, validity of cost estimate and costing version) cannot be saved to the database. Since the costing version is also part of the key, you can still save multiple cost estimates with the same costing variant to the database for analysis purposes.

    Reference link:

    https://help.sap.com/doc/6297d7531a4d414de10000000a174cb4/1610%20002/en- US/8695d7531a4d414de10000000a174cb4.html

Question 66:

Which of the following steps are part of the procedure to update the standard price of the material?

(There are 2 correct answers for this question)

Mark the cost estimate.

(Correct)

  • Split the costs.

  • Archive the cost estimates.

  • Release the cost estimate.

(Correct)

Explanation

You check the results of the standard cost estimate and decide whether the costs can be released and transferred into the material master as the standard price. You also transfer the costs into the material master.

Reference link:

https://help.sap.com/viewer/0a5f244df28b40bcacca7665e157e8b0/6.03.18/en- US/f854d7531a4d424de10000000a174cb4.html

Question 67:

What can you configure in the settlement profile? (There are 2 correct answers for this question)

  • Define a number range for settlement documents.

  • Determine whether the settlement is required. (Correct)

  • Define document management parameters. (Correct)

  • Determine an overhead key. Explanation

    The below picture show what can you configure in the settlement profile:

Question 68:

Which criteria do you use to specify the G/L account for the work in process (WIP) settlement?

(There are 3 correct answers for this question)

Results analysis method

  • Results analysis profit center

  • Results analysis version

(Correct)

Results analysis cost element

(Correct)

Results analysis category

(Correct)

Explanation

To define the control parameters for WIP calculation, carry out the following steps: • Define results analysis versions

Results analysis versions contain information on whether a version is relevant for the balance sheet and the profit and loss statement or if it solely serves informational purposes.

• Define assignment

You specify which source cost elements are assigned to which line ID. For example, you would assign to line ID "PC" all cost elements under which an order can be debited through the usage of activities. In the assignment, you define in the results analysis category whether line IDs are capitalized as a total or proportionally.

• Define cost elements for WIP calculation

Here you create the results analysis cost elements under which the results analysis data is updated on the order.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/ebfe8c53d7d8ec23e10000000a174cb4.html

Question 69:

What are the benefits of using valuated sales order stock compared to non-valuated sales order stock?

(There are 2 correct answers for this question)

  • Simplified inventory value determination (Correct)

  • Production order settlement to sales order

  • Combined quantity and value flow analysis (Correct)

  • Product cost calculation Explanation

    A valuated sales order stock provides a number of benefits such as efficient cost management in sales-order-related mass production environments, simplified inventory processing with individual requirements materials, and comparable processing in sales- order-based and make-to-stock production environments.

    The flow of quantities and values is the same as in make-to-stock production.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/bba4b9537cceb44ce10000000a174cb4.html

Question 70:

Which objects can you plan in cost center accounting? (There are 3 correct answers for this question)

Activity prices

(Correct)

  • Balance sheet accounts

  • Non-operating expense accounts

  • Statistical key figures

(Correct)

Secondary cost accounts

(Correct)

Explanation

Cost center planning is divided into the following planning areas:

· Cost elements/activity input · Primary costs

· Secondary costs · Revenues

· Activity type planning/price planning · Statistical key figure planning Reference link:

https://help.sap.com/doc/4111d553088f4308e10000000a174cb4/3.6/en- US/080bd553088f4308e10000000a174cb4.html

Question 71:

How can you configure the transfer price solution in SAP S/4HANA? (There are 2 correct answers for this question)

  • Use separate ledgers for each valuation. (Correct)

  • Use separate segments for each valuation.

  • Use separate currency types within the same ledger for each valuation.

  • Use separate accounts for each valuation. (Correct)

    Explanation

    These are 2 configuration settings required for multiple valuation in S/4 HANA:
    - Define settings for ledger and Currency types
    - Define Valuation Clearing Account
    Reference link:
    https://blogs.sap.com/2020/09/07/multiple-valuation-approaches-sap-s-4hana/

Question 72:

Which costs exist in SAP S/4HANA?
(There are 2 correct answers for this question)

Secondary costs with G/L account

(Correct)

  • Primary costs without G/L account

  • Primary costs with G/L account

(Correct)

Secondary costs without G/L account

Explanation

Primary cost element master were being created separately in ECC using KA01 transaction with respect to GL master in FI. Now in S/4 HANA these 2 different master

has been merged and cost element category field has been added to control tab in GL master itself.

Secondary cost element were part of only CO there was no GL master in FI with respect to secondary cost element but now S/4 HANA has introduced secondary cost element master in FI as GL master. We have to create secondary cost element as GL master in FI with S/4 HANA migration.

Reference link:

https://blogs.sap.com/2016/10/13/gl-master-cost-element-incarnation-s4-hana- finance/

Question 73:

What action do you perform to use the Cost-Based Percentage of Completion (POC) method?

  • Setting to profitability analysis

  • Costing of an order

  • Billing of a sales order during production

  • Running the results analysis

    (Correct)

    Explanation

    For the system to be able to place the costs and revenues in relation to each other, a calculated percentage of completion (POC) must be generated. The percentage of completion can be calculated on the basis of the following data:

    · R(p) planned revenues; C(p) planned costs; Q(p) planned quantity

· R(a) actual revenues; C(a) actual costs; Q(a) actual quantity

The system can calculate results analysis data using the percentage of completion. This data includes:

· C(z) capitalized costs (work in process) · C(r) reserves for unrealized costs
· R(z) revenue in excess of billings
· R(r) revenue surplus

· R(PA) revenue affecting net income

· C(PA) costs affecting net income (cost of sales)

This results in the following formulas:

R(PA) = POC * R(p)

C(PA) = COS * C(p)

This has the following consequences:

· The revenue affecting net income is calculated by multiplying the percentage of completion by the planned revenue.

· The cost of sales is calculated by multiplying the percentage of completion by the planned costs.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/4a62c4535cdeb44ce10000000a174cb4.html

Question 74:

Which of the following objects can be selected in templates for activity-based costing? (There are 2 correct answers for this question)

Cost center/activity type

(Correct)

  • Internal order

  • Business process

(Correct)

WBS element

Explanation

The use of template allocations is one method to assign overhead costs. Sender objects can be business processes or cost centers/activity types.

WBS element and Internal order are one of receivers. Reference link:

http://saphelp.ucc.ovgu.de/NW750/EN/ba/ed2953587d2c3ee10000000a423f68/frame set.htm

Question 75:

Which type of Profitability Analysis updates the cost of goods sold at the time of delivery?

  • Costing-based only

  • Account-based only (Correct)

  • Periodic accounting-based

  • Both account-based and costing-based Explanation

    Account-based CO-PA:
    · At the time of delivery, COGS is recorded in CO-PA.
    · At the time of billing, revenue and discount is recorded in CO-PA. Reference link:
    https://blogs.sap.com/2018/01/16/sap-co-pa-profitability-analysis/

Question 76:

Which statement best describes a cost center standard hierarchy?

It is a structure to which all the cost centers within a controlling area are assigned.

(Correct)

  • It represents an organizational unit in SAP S/4HANA where the costs and revenues are incurred and reported.

  • It enables you to assign the same attributes to similar cost centers within a controlling area.

  • It is grouped together with alternative hierarchies to represent decision control

and responsibility units.

Explanation

There must be at least one group that contains all cost centers and represents the entire business organization. This cost center group is described as the standard hierarchy. You can assign more cost center groups to the standard hierarchy.

Reference link:

https://help.sap.com/viewer/9afb6f90c86748ef9f2b17c7d857f9b3/6.00.29/en- US/512ec6535e601e4be10000000a174cb4.html

Question 77:

Where can you adjust the automatic account assignment? (There are 2 correct answers for this question)

  • G/L account (TA: FS00)

  • Default account assignment (TA: OKB9)

    (Correct)

  • Substitution (TA: GGB1) (Correct)

  • Cost center (TA: KS01) Explanation

    Default account assignment (TA: OKB9)

Substitution (TA: GGB1)

Cannot maintain automatic account assignment in Cost Center and G/L Account

Question 78:

You want to enable WIP calculation in Product Cost by Period. What do you need to configure?

Valuation variant

(Correct)

  • Variance variant

  • Profitability Analysis (PA) transfer structure

  • Settlement profile

Explanation

That the following steps have been carried out in Customizing for Product Cost Controlling under -> Product Cost by Period -> Period-End Closing -> Work in Process:

- Define results analysis keys
- Define results analysis versions
- Define valuation methods (target costs)
-
Define valuation variant for WIP and scrap (target costs) (optional) - Assignment of valuation variant for WIP
- Define line IDs

- Define assignment
- Define cost elements for WIP calculation - Define update

- Define posting rules for the settlement of WIP

- In the posting rules, you specify the G/L accounts to which you want to settle the work in process.

Reference link:

https://help.sap.com/doc/21ccd8530439414de10000000a174cb4/3.6/en- US/73c73b53f831070be10000000a4450e5.html

Question 79:

You want to set up budget availability control for your projects and internal orders. What can you check using budget availability control?

(There are 2 correct answers for this question)

  • The availability of funds according to tolerance limits (Correct)

  • The availability of funds in object currency (Correct)

  • The availability of funds using the overall plan value

  • The availability of funds on period level Explanation

    For internal orders, availability control checks against the current budget. For projects, availability control can check against the current budget or the released budget. The check can be run in the controlling area currency or the object currency.

    For projects, you can also use releases as an alternative to the current budget. It uses the tolerance limits specified in Customizing for the check.

    Reference link:

    https://help.sap.com/doc/b013d553088f4308e10000000a174cb4/3.6/en- US/5513d553088f4308e10000000a174cb4.html

    https://help.sap.com/doc/b013d553088f4308e10000000a174cb4/3.6/en- US/358fd153370e4608e10000000a174cb4.html

Question 80:

What can you define for a user status in the status profile?

  • The order types for which a user status is valid

  • The versions for which you can enter plan data

  • The assigned user status after a business transaction is executed

(Correct)

The business user IDs authorized to change the user status

Explanation

Within a status profile you can:
- Define user statuses and document their function in long texts

- Specify the expected sequence of user statuses by assigning a "status number" to each user status

- Define an initial status, which is automatically set when the object is created

- Specify that a user status should automatically be activated, if a certain business transaction is carried out

- Allow or forbid certain transactions, if a status is active

Reference link:

https://help.sap.com/doc/7205b753128eb44ce10000000a174cb4/3.6/en- US/9704b753128eb44ce10000000a174cb4.html


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