1. A profit center standard hierarchy contains all profit centers that are assigned to which organizational unit? Please choose the correct answer o Operating concern o Controlling area o Plant o Client.
2. During postings, from which object does the system first derive the profit center if the profit center is NOT directly assign to a network activity? o Dummy profit center o Network header o WBS element o Project definition.
3. For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Please choose the correct answer. o Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation o Parallel accounting is needed in order to be compliant with different accounting principles. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles o Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.
4. How can you configure the transfer price solution in SAP S/4HANA? There are TWO correct answers to this question o Use separate ledgers for each valuation o Use separate accounts (amounts) for each valuation o Use separate segments for each valuation o Use separate currency types within the same ledger for each valuation.
5. How can you define the overhead rate in a costing sheet? There are TWO correct answers to this question o As percentage rate o As lot-based surcharge o As equivalence number o As quantity-based surcharge.
6. 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? o They are assigned to different segments o They are defined in separate controlling areas o They are defined in separate company codes o They are assigned to different functional areas.
7. In the material master record there are three planned prices. What do you use them for? Please choose the correct answer. o To valuate material stocks o To valuate the materials in cost estimates o To update the standard price during the release of a standard cost estimate o To valuate goods movement.
8. In which module do you process profit center allocations in SAP S4/HANA? o Cost Center Accounting o General Ledger Accounting o Profit Center Accounting o Product Cost Accounting .
9. 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 o Creating multi-dimension sets o Defining flexible hierarchies o CopyiIng groups with suffix o Configuring derivation rules .
10. Independent from the cost object, which parameters are always contained in a costing variant? There are TWO correct answers to this question o Costing type o Transfer control o Valuation variant o Reference variant.
11. In the material master record there are three planned prices. What do you use them for? Please choose the correct answer. To valuate material stocks To valuate goods movement To valuate the materials in cost estimates To update the standard price during the release of a standard cost estimate.
12. On which organizational level do you maintain profit center accounting in SAP S/4HANA? Please choose the correct answer o Company code o Operating concern o Financial statement version o Controlling area.
13. To which object do you assign a costing sheet? Please choose the correct answer o Cost component structure o Transfer control o Valuation variant o Costing variant .
14. What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? There are TWO correct answers to this question o It can be used with period and/or cost of sales accounting o It is possible to derive the profit center from the segment in configuration o It can be used in the settlement rule for internal orders o It is integrated in the universal journal.
15. What can you specify when you create an activity type? There are THREE correct answers for this question o The secondary costs G/L account for internal activity allocation o The activity type category for allocation o The valid receiving cost center types o The primary costs G/L account for internal activity allocation o The valid sending cost center types.
16. What can you use to difference two or more cost estimates for the same material? There are TWO correct answers for this question o Costing variant o Transfer control o Valuation variant o Costing version.
17. What do you get if you mark a standard price cost estimate? There are TWO correct answers for this question o A future standard price o A cost-based CO-PA document for material revaluation o A new status in the cost estimate o An accounting document for material ledger.
18. What do you use to map the primary cost component split to the production cost component structure? Please choose the correct answer o Allocation structure o Cost Component groups o Transfer structure o Assignment scheme.
19. What is required before you can create a multi-level material cost estimate without quantity structure? Please choose the correct answer o Material master with costing view o Material master with accounting view and with MRP views o Specific costing variants for material costings without quantity structure o Specific valuation variants for material costings without quantity structure .
20. What is the default option for planning profit center values in SAP S/4HANA? Please choose the correct answer o Profitability analysis planning o Business planning and consolidation o Financial accounting planning o Management accounting planning .
21. What must the referenced cost estimate and the receiving cost estimate have in common? Please choose the correct answer o The plant o The quantity structure o The company codes o The cost component structure .
22. When trying to assign a profit center to a new cost center, you receive an error. What can cause this error? o The lock indicator is activated in the profit center master record o The profit center has already been assigned to a different cost center o The validity period of the profit center is shorter than the cost center o The validity period of the cost center is shorter than that of the profit center.
23. When you create a profit center, what company code(s) is it assigned to by default? o All company codes where profit center is activated o All company codes within the controlling area o All company codes within the operating concern o All company codes, irrespective of controlling area.
24. Which activity do you perform during period-end in profit center accounting? o Execute template allocation o Process distribution cycles o Post activity allocation o Settle costs.
25. Which controls can you set when you determine a characteristic derivation? There are THREE correct answers to this question o Valuation calculation o Display authority o System response when unsuccessful o Conditions for execution o Overwriting authority .
26. Which cost estimates must you reuse with the transfer control functionality? Please choose the correct answer o Cost estimates across company codes o Cost estimates with same cost component structure o Cost estimates with quantity structure o Cost estimates within the same plant.
27. Which customizing do you use for calculating work in progress (WIP)? There are THREE correct answers for this question o Posting rule table o Assignment table o Settlement profile table o Update table o Allocation structure table.
28. 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 o Standard account assignment o Inheritance Zero-balance o Dummy profit center.
29. Which object do you configure to reuse material cost estimate for the costing process? Please choose the correct answer o Quantity structure control o Transfer control o Valuation variant o Group costing .
30. Which object do you have to assign the cost component structure to? o Costing variant o Material master record o Valuation variant o Costing type.
31. Which of the following steps are part of the procedure to update the standard price of the material? There are 2 correct answers to this question o Mark the cost estimate o Archive the cost estimates o Release the cost estimate o Split the costs.
32. Which parameters are controlled by the costing type in a costing variant? There are TWO correct answers to this question o Costing sheet o Price update o Save with date key o Price for materials.
33. Which parameters can you enter when you create a costing run? There are THREE correct answers for this question o Valuation variant o Production version o Costing variant o Transfer control o Costing version .
34. Which scenarios can be covered by the costing run? There are TWO correct answers to this question o Product cost collector cost estimate in one plant o Standard cost estimate of all the materials in all plants of a controlling area o Inventory cost estimate of all the materials in one plant o Current cost estimate of all the materials in all controlling areas.
35. Which views can you use to analyze the costing results within the costing run tool? There are THREE correct answers for this question o Costing levels report o Material list report o Variance report o Analysis report o Work in progress report.
36. You are posting a purchase order for a warehouse material. From which object is the profit center derived? Please choose the correct answer o Plant o Material master o Cost center o Business partner.
37. You need to create an additional cost estimate for the same material on the same date. What can you use to differentiate the costs estimates? There are TWO correct answers to this question o Costing version o Valuation variant o Cost component structure o Costing variant.
38. 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 o Sales deductions o Accruals o Payment discount o Order quantity o Revenues.
39. 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? o All ledgers o The standard ledgers o The leading and extension ledgers o The leading ledger only.
40. 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? o Costing type o Costing version o Transfer control o Reference variant.
41. You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? There are TWO correct answers to this question o By marking the Relevance to Costing indicator in the operation o By defining a usage key in the header of the routing o By assigning a cost center to the work center in the operation o By marking the cost indicator in the control key assigned to the operation.
42. You want to maintain a cost component structure. What can you determine for each cost component? There are THREE correct answers to this question o Assignment of cost component to calculation base for overheads in costing sheet o Relevance of cost component to results analysis o Relevance of cost component to goods manufactured o Relevance of cost component to inventory valuation o Assignment of cost component to cost component group.
43. Mention the four scenarios that can be covered by the costing run.
TS403_2 [The following scenarios are some examples of using the costing run: • Standard cost estimate of all the materials in one plant • Standard cost estimate of all the materials in all plants • Monthly modified standard cost estimate of all materials • Current cost estimate of all materials of a product group • Current cost estimate of a highly complex product structure].
44. In the material master record there are three planned prices. What do you use them for? Please choose the correct answer. To valuate material stocks To valuate goods movement To valuate the materials in cost estimates To update the standard price during the release of a standard cost estimate.
45. On which organizational level do you maintain profit center accounting in SAP S/4HANA? Please choose the correct answer o Company code o Operating concern o Financial statement version o Controlling area.
46. Which of the following controls can you set when you determine a characteristic derivation? There are 3 correct answers to this question. Response: Display authority Overwriting authority System response when unsuccessful IT Certification Guaranteed, The Easy Way! 14 Conditions for execution Valuation calculation .
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