What are the impacts on an S price controlled material when releasing a material cost estimate? Existing stock is valuated with the new price New standard price is set Moving average price is adjusted Previous material movements are revaluated.
A customer using costing based profitability analysis sells materials from stock. What data is transferred as "cost of goods sold" to profitability analysis? Effective price for the materials in the quotation Value of the moving average price for the materials Cost component structure of the standard price for the materials Net price for the materials in the customer info record.
You are not able to create preliminary cost estimate for the product cost collector. What could be the reason? You are using controlling level “BOM/Routing” You are using controlling level “production version” None of the above You are using controlling level “production Plant/planning plant”.
How is the preliminary costing of a production order calculated? The quantity structure in the production order is valuated by the costing variant settings The actual quantities are valuated with plan values. The costs are determined by the cost estimate of a reference order The standard price cost estimate of the material master record is adjusted to the order quantity.
What must you define to enable the calculation of work in process (WIP) for production orders? Valuation variant Results analysis key Overhead key Results analysis versions Valuation method.
You release a standard price cost estimate for a material. Which field in the material master determines whether the value of the material stock changes? Price Determination Price Control Valuation Class Valuation Type.
Which of the following statements are correct about cost center? For the purpose of overhead cost controlling, cost center are grouped together in decision, control & responsabilities unit. The standard hierarchy must be created and assigned to the company code Cost centers can be setup up based on functional requirements, allocation criteria, activities or services provided Cost centers can be assigned to the highest level of the standard hierarchy.
Which of the following are the benefits of products cost controlling? Reduction of scrap Support of cost reduction concepts Valuation of materials Support of operative decision-making.
Which of the following statement are correct with reference to group costing? It generates parallel cost component splits for each material with the value addedby each partner in the production process. It shows the contribution of each profit center and business unit to product costs. It can be used even if all companies are not assigned to the same controlling area. No separate cost component split is generated for each partner.
You have been asked to create a Profit center for your organization. Which of the following statements are correct? The profit center master data cannot be changed once it is created. The profit center is defined at a company code level. You have to define a standard hierarchy structure before creating profit center. You cannot exclude any company code from assignment of profit center.
In costing, a strategy sequence is used to select a vendor or purchasing info record. The selection criteria are as follows:
i ) Prices of vendors
i i ) Source list for material.
i i i ) Purchasing info records.
iv) Quota arrangement for material . i, iv, ii, iii iv, i, ii, iii iii, i, ii, iv iv, ii, iii, i .
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. True False.
Which of the following statements are correct? We can only assign one company code to a given controlling area. We can assign more than one controlling area to a given operating concern. We can change the assignment of controlling area, operating concern, company code, and plant etc, even if the master data & transaction data has been created. The plant must be assigned to a company code.
When creating an Overhead Cost Order, the first order information which must be entered is: Order status Order type Classification code Settlement type.
The valuation control for the material can be moving average price or standard price. Which of the below statement is not correct? The difference between the planned & actual price is not assigned in material stock in finance for Standard price but for moving average price the material stock in finance reflect the actual price of a material. Price changes in moving average price can’t be monitored but in standard price the same can be observed and monitored. The price changes after each receipt in moving average price whereas the price remains same for standard price. Variance are posted to price difference account in moving average price, but in standard price the variance is not there as a new material price is calculated for each receipt which is an average value calculated from total inventory value & the total quantity of material in stock.
There are different views in material master which are relevant to different functional areas.
No. Material Master view No. Attributes of material
1 Accounting view I Material valuation
2 Costing view II Material price control
3 MRP View III Account determination
IV Cost object controlling
V Scrap factors
VI Producti on versi on
Match the following attributes available in the relevant view. 1–I,II, 2–III,IV, 3–V,VI 1–I,III, 2–II,IV, 3–V, VI 1–II,III , 2–I,IV, 3–V,VI 1–I,II,III , 2–IV, 3–V,VI.
The valuation of sales order stock is being taken from the material master records. What are the reasons? The production order cost estimate do not exists The customer exits has been not activated for valuation of sales order stock The marked sales order cost estimate exists for the material All the above.
Your company is implementing SAP & Chosen Profit Center Accounting. The Transaction of PCA can be stored in several currencies. Which of the following are not correct? Operating concern currency Transaction currency Local currency Special Profit center accounting currency.
What are the methods of planning with reference to profit center planning? All the above. Distribution and assessment of data between profit centers. Copying existing plan or actual data to plan data. Posting plan data by plan data or simultaneously by transaction from other application Manual planning of profit center.
When creating an Overhead Cost Order, tyhe settlement rule must be entered in the control data. Which settlement receivers are available for internal orders? Orders Vendor General ledger accounts Asset Cost center.
A customer using account based CO-PA sells material from stock. How is the 'cost of goods sold' transferred and valuated? Material costs are taken from the billing document (valuated according price control). Material costs are taken from the goods issue posting (valuated with cost component structure). Material costs are taken from the billing document (valuated with cost component structure). Material costs are taken from the goods issue posting (valuated according price control).
The production order uses the product cost by period. Which of the following statements are not correct? Cost object hierarchy is not possible Variances are calculated by the amount lying after deducting of value for material already confirmed, WIP from the actual cost. Work in progress in calculated at target cost Settlement must be performed by period.
How can you settle different cost elements of an internal order to different receivers? Use a PA transfer structure. Use a source structure. Use an allocation structure. Use a splitting structure.
Where do you determine the price finding strategy for material costing? Price determination Valuation class Price control Valuation variant.
Which Organizational unit provides an environment for analyzing market profitability? Operating concern, Company code, Business Area Controlling area,.
During market segment planning and sales and profit planning, we can create budgets for sales support measures. How are this data passed on to COPA? The condition record is created as a part of sales agreement. The sales order is created. The billing document is created. All the above.
If we are using the controlling level Production level, the product cost collector is created for? BOM/Routing Planning plant Production plant Characteristics Materials.
SAP provides scenarios which have to be assigned to general ledger accounting. How many scenarios are provided by SAP? 6 1 10 12.
Which steps is not part of indirect activity allocation? Define keys for the automatic periodic allocation of actual activities. Segment and cycles are used to define sender and receiver relationships. The cost element assignment is taken from the master data. The costs are allocated using primary cost element.
Which of the following statement are correct with reference to BOM item? All the above Bulk materials are relevant to costing. If fixed quantity indicator is not checked the quantity entered is dependent on the lot size. If relevance to costing indicator is checked the system included the BOM items in the material cost estimate.
Which of the following are characteristics of Master Data? Cannot be changed after creation. Must be assigned on client level. Is a template for transactional data. Is typically assigned to organizational levels. Is used long-term for multiple business processes.
Which of the following are valid assignments between company code and controlling area? Multiple company codes to multiple controlling areas (n:n). Multiple company codes to one controlling area (n:1). One company code to one controlling area (1:1). One company code to multiple controlling areas (1:n).
The difference between Planning vs. Budgeting is as below, which statement is not correct? Planning is based on approved funds whereas budgeting is based on funds requested. Planning is cost oriented whereas budgeting is funds oriented. The planning change easily where as budgeting is a binding value and new line item created for each changes. Unutilized budget can be carried forward in subsequent fiscal year but no such function is available in planning.
When do you calculate variances for a production order with order controlling? At the end of each period, independent of the order status. After the first partial delivery of the production order. After the final confirmation for the last operation After the final delivery of the production order.
Which prerequisites must be fulfilled before you can assign a company code to an existing controlling area? The company code currency must be the same as the controlling area currency. The company code must use the same number of special periods as the controlling area. The company code must have the same posting periods as the controlling area. The company code must use the same operating chart of accounts as the controlling area.
Which elements can be used in the row and column definition of a Report Painter report? A combination of characteristics used in the general data selection A combination of characteristic values A combination of a key figure and restricting characteristic values A combination of characteristic values valid for the entire report.
You are using top down distribution function in COPA planning. Which of the following statement are not correct? Distributing data that has been planned at one level in COPA, to the additional level based on some reference data. It can only be used for automatic planning. Distribute the data from a higher planning level to lower levels. Reference data by period or reference data aggregated across the periods.
Which of the following are the right organizational assignments starting from the top of the organization structure (topdown)? Controlling area, Operating concern, Company code, Plant, Storage location Operating concern, Controlling area, Company code, Storage location, Plant Operating concern, Controlling area, Company code, Plant, Storage location Company code, Operating concern, Controlling area, Plant, Storage location.
A customer wants you to explain the results of the preliminary costing of a production order.
How are the results determined? The standard cost estimate is copied from the material master and adjusted by the order quantity. The actual quantities are valuated with plan values. The quantity structure in the production order is valuated by the costing variant settings. The costs are determined by the cost estimate of the reference order.
Which of the following do you define in a library of the Report Painter? Characteristics and key figures. Report groups and reports. Formats and format figures. Predefined columns and rows.
The status of production is PDLV. How the Work in progress going to be calculated? The work in progress is the difference between actual costs and the value of good receipt The system does not calculate the work in progress The work in progress is the actual cost to date The system calculates the variances.
Which postings can be triggered by the settlement of a production order? Work in Process (WIP) to profitability analysis. Variance categories to profitability analysis. Work in Process (WIP) to FI. Variance categories to profit centers. Balance of the production order to FI.
Which of the following statements are correct for default or automatic account assignment? The assignment objects for default account assignment takes priority over the automatic account assignments. For automatically generated postings automatic or default account assignments are not required. We maintain default account assignment in customizing, whereas we maintain automatic account assignments in the cost element master record. We can define automatic or default account assignments for posting of the primary cost element type.
Which of the following statements correct with reference to product cost collector? It is a cost object for collecting production costs for manufactured product. Costing by lot size is required for product cost collector. All the costs for a material during the month is debited to a single product cost collector. Product cost collector is a single order created for a material.
Which field in the material master determines if the value of the material stock changes when releasing a cost estimate for this material? Price control Valuation type Price determination Valuation class.
The Planning process of distributing data, which has been planned at one level in COPA to the additional levels, based on some reference data. Which of the following represents this type of planning? Integrated data distribution. Top down distribution. Bottom up planning. Forecasting.
A customer wants to allocate overhead costs to a production order. How can the customer achieve that? Use indirect activity allocation. Use a costing sheet. Use a template. Use routings and work centers. Define an assessment cycle.
Which of the following activities would occur in Phase 3? Developing training materials Testing the system to ensure that it meets the specified business requirements Configuring the system End user training Defining the project scope.
You have been asked to explain the benefits for using the product cost by period. What are they? Lot based controlling is needed It is used when the production volume is low & discrete For periodend closing, work in progress is calculated in target costs and variances simultaneously. Costs are collected on product cost collectors.
Which data do you need to set up an accrual calculation with the percentage method? Cost center or internal order (order category 2) as credit object. Secondary cost element (category 31) as accrual cost element. Accrual allocation cycle with sender receiver segments. Accrual settlement rules with percentage method. Primary cost element (category 3) as accrual cost element.
The assignment of organizational units, company code ,business area or profit center of a cost center can be changed during the financial year only if following criteria is meet:
Which of the above statement is not correct? The planning data has only been posted in the fiscal year. The currency of new & old company code is same. The transaction data has been posted in the fiscal year. The cost center has not been assigned to a fixed asset, HR master record or work center.
What do you define when you set up an operating concern for costing based profitability analysis? Functional area Operating concern currency Characteristics Chart of accounts Value fields.
Your company has implemented SAP & you are using COPA Planning. Now you have been asked to brief the features of COPA planning. What are they? The ability to copy actual values to a plan value. The ability to copy values from one plan version to another plan version. Topdown distribution to spread a plan to lower characteristics level based on past history. The ability to transfer plan data to sales and operation planning or do additional integrated planning. All the above.
What are the benefits of new general ledger over conventional general ledger? All the above By splitting documents in real time, financial statements for entities like profit center can be prepared. New general ledger uses an extended data structure as standard Reconciliation of CO and FI can be carried out in real time.
How can you credit internal orders at period end closing? Use overhead surcharging. Use template allocation. Use settlement. Use periodic reposting.
Which of the following statements are correct when we use costing run? Current cost estimate of all materials of a product group. The administrative data in the costing run can be deleted. Standard cost estimate of a single material in one or all plant. After a costing run we cannot delete it.
How can you set up segment reporting in the New GL? By assigning segments in the master record of the profit center. By defining segment master records in the application. By activating the scenario segment reporting in the customizing. By assigning segments in the master record of the cost center.
You have created a production order with order quantity for 500kgs.
During the month 200kgsof goods has been produced.
What will be the system treatment at month end? The system does not calculate work in progress for the production order The system calculates variance for the quantity which has been produced The system calculates work in progress for 300kgs remaining in the production order The system calculates work in progress for 500kgs.
The features of Costing variant are detailed below, which of the following are not correct? Proposes the lot size for the material The prices with which the material, activities, processes are valued. The price updates permitted or not. The validity dates for the costing.
Which of the following data do you specify in the definition of costingbased COPA? Chart of accounts Controlling area Results analysis methods Characteristics and value fields Operating concern currency.
You are using product cost by order. Which of the following statements are correct? The settlement rule has the settlement type PER Controlling by individual production lots For periodend closing a result analysis is performed Setup cost is very low.
What is the advantage of using a key figure scheme in drilldown reports in profitability analysis? The key figure scheme allows quick access to predefined key figures in the database. The key figure scheme allows the calculating of lines with subtotals in a drill down report. A key figure scheme improves the runtime of the drilldown report. A key figure scheme allows for simultaneous access to different databases.
Why is preliminary cost estimate required? To confirm the actual activity quantities. To valuate work in progress. All the above. To calculate production variances in variance calculation. To valuate the unplanned scrap in variance calculation.
What are the purposes to have multiple costing variants for a material? Valuation of the planned quantity structure with planned prices. Valuation of current quantity structure with planned prices. Valuation of current quantity structure with current prices. Valuation of actual quantity structure with taxbased and commercial prices. All the above.
Which of the following is an application of reference and simulation costing? To update the standard price of a reference material. To calculate a simulated product without material master. To create a material costing for simulation purposes. To calculate a price for an internal activity.
Which of the following allows you to calculate additional values for value fields in COPA,
which are not transferred by the actual source postings? Results analysis Substitution Value field derivation Costing sheet.
Overhead Cost Controlling component enables you to plan, allocate, control, and monitor overhead costs.
Which of the following fall under Overhead Cost Controlling? Internal Orders Plant based Costing Cost Element Accounting Cost Center Accounting Activity Based Costing.
You need to allocate various expenses booked to a cost center to profit center via assessment. Which of the following statements are correct? None of the above You can able to trace the original account from the receiving object You cannot use secondary cost elements as assessment account. You can use secondary cost elements as assessment account.
When do we use Easy cost planning? It is used for internal service requests Create cost estimates in project systems for work breakdown elements. Appropriation requests in investment management. Ad hoc cost estimates in product cost planning. All the above.
Which of the following statement is not correct in reference to planning layout for costing based COPA and accountbased COPA? All the above. Characteristic Cost element is needed in Accountbased COPA layout. Characteristic record type is needed in Costing based COPA layout. Same planning layout can be used.
You are creating an FI posting in classic GL with assignment to a CO object? The posting will be assigned to the top node of the profit center standard hierarchy. The posting cannot be saved. The posting will be assigned to the dummy profit center. The posting will only be posted to the original assigned CO object.
Your organization is using process order to manufacture their products. Which of the following statements are correct? One or more materials is required for execution of that step The operations are relevant to costing The costs are updated to the order header Master recipe is used which contains operations and phases.
Which of the following statement are correct in reference to primary cost element? An example of primary cost is depreciation of fixed assets, telephone expenses, repair & maintenance expenses in a manufacturing organization. The posting of primary cost element doesn’t require an object in the management accounting to identify the origin of the costs. It can be created without the respective general ledger existing in Operational charts of accounts. You need to create expense accounts in financial accounting with corresponding primary cost elements in controlling.
What does the SAP Net Weaver Application Server (SAP Net Weaver AS) provide? Realtime data exchange with all SAP systems J2EE and ABAP in a single environment Storage of all transactional documents in one single database Master data harmonization across SAP Net Weaver.
A customer uses assessment cycles in Cost Center Accounting.
What do you need to do to receive the results on the profit centers in New General Ledger Accounting? Activate realtime reconciliation between Controlling (CO) and Financial Accounting (FI). Activate plan integration for profit centers. Define and execute the appropriate cycles in New General Ledger Accounting. Activate document split for cost centers in New General Ledger Accounting.
What is Bill of materials used for? Material requirement planning for procured parts. Production for staging parts. For calculating material costs All the above.
Which of the following views and results do profit center accounting reports in New GL provide? Return on investment Balance sheet statement Fixed and variable cost portions Cost of goods sold Variance categories of production.
With reference to the controlling module (CO), which of the following statements are true? One of the main task of Controlling is planning. Controlling (CO) and Financial Accounting (FI) are independent components in the SAP system Controlling can be implemented completely independently of FI Controlling provides information for management decisionmaking .
What is used to monitor & allocate overhead costs in an organization? Profitability Analysis Product Cost Controlling Cost Element Accounting Cost Center Accounting.
Which of the following Event based postings updates Orders? Goods Receipt Creation of Material Reservations Good Issue General ledger accounts postings.
Your organization wants to find out the following:
Where is the overhead costs incurred in the organization?
How to allocate the overhead costs from different areas to the actual cost causes?
Cause based allocation of costs in the form of activities? How the responsibility areas working efficiently? Cost Center Accounting Overhead Cost controlling Profit Center Accounting Cost Element Accounting.
Which of the flowing statement are correct with reference to assignment of profit centers? Direct assignment of costs to a profit center is not possible because the profit center is posted as a “shadow object”. Revenues can be directly assigned to profit centers through FI. When materials are withdrawn from stock on cost center, the profit center for the consumption posting is derived from material master record. The profit center of the customer is posted with outgoing invoices.
What do cost center categories allow you to do? Restrict cost center planning to specific cost elements. Provide default values for new cost centers (for example, block indicators). Restrict the assignment of specific activity types. Determine the usage of cost centers for certain methods of activity allocation. Determine the use of cost centers in cost allocations.
Expenses in Finance which are relevant to cost accounting are recorded in controlling using Secondary cost elements Primary expenses elements Primary cost elements Secondary expenses elements.
How does material costing support semifinished and finished materials that are valuated in stock with consistent valuation strategies per company code? You are only allowed to use one single costing variant to update standard prices per period and company code. You are only allowed to use material cost estimates with quantity structure to update standard prices. You are only allowed to use iterative activity prices in material cost estimates which update standard prices. Costing runs to update the standard prices have to run generally under observation of an external auditor.
Which of the following order types are internal orders? Capital investment orders for creating assets. Sales orders for maketoorder function Maintenance orders. CO production orders.
Which object can be a direct receiver of a cost center distribution? Internal order Cost center Profit center Production order.
The differences between Summarization vs. saving reports is as below, which statement is not correct? Quick ad hoc reports in summarization while specific report in saving reports. In summarization different reports from same area’s data, while data save according to specific report in saving reports. Navigation in reports not possible in summarization while navigation in reports is possible in saving reports. Navigation in hierarchies possible in summarization while no navigation in hierarchies is possible in saving.
You want to enter items in a reference and simulation cost estimate manually. Which item categories can you use? K Cost center M Material B Base planning object E Internal activity I Sales order item.
Your company is using full absorption costing accounting method. It can be only be analyzed in Profitability analysis.
State whether the above statement is true or false? False True.
You want planning for profit center accounting & for that you need to perform certain configuration. Which of the following statements are correct? The planning layout is by default available for planning The plan period for planning is copied from the fiscal year variant of company code You have to activate the summary tables The planning document type is already activated.
Which of the following statement is not correct? The fixed value statistical key figure is posted in the period in which it is entered. We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures. We can post both planned as well as actual statistical key figures. Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads.
You have posted the results of an assessment cycle run, but some of the assigned receivers were incorrect.
How can you correct this? Cancel the allocation with the original settings before you correct the receiver entries and rerun the cycle Correct the receiver entries and rerun the cycle with a different cycle run group to post only the corrected results to the first run Post a manual cost allocation with the same assessment cost element Correct the receiver entries and rerun the cycle. The original run will be canceled automatically.
You have activated segment reporting for your company code. What is its prerequisite? You have to allow zero balances for the segment characteristics. You can define own rule to derive the segment during posting. The document splitting procedure is not mandatory The segment is derived manually from the company code.
The characteristic of tangible goods are stated below. Which of the following statement not correct? The product cost planning is used to arrive at the cost estimate for the same. No inventory exists. Materials can be produced inhouse, subcontracted or procured externally. Productobject. cost estimate can also be used for comparison purpose in cost controlling.
Which of the following statements are FALSE? Any person can access project documentation in SAP Solution Manager SAP Solution Manager is only used during the implementation phase of a project The Knowledge Warehouse contains numerous accelerators New business process procedure can be created from a standard template.
How can you use resource related billing for sales order items? Assign Dynamic Item Processor (DIP) profiles. Assign production orders with BOMs and routings. Use Easy Cost Planning and Execution Services. Use a Requirement class with an indicator set for resource related billing.
Which of the following is the process sequence of Subcontracting? Purchase order -> Supply of manufactured material -> subcontractor’s invoice Purchase order -> manufacture by subcontractor -> Supply of manufactured material -> subcontractor’s invoice Purchase order -> Supply of raw material to subcontractor -> manufacture by subcontractor -> Supply of manufactured material -> subcontractor’s invoice Purchase Requisition -> manufacture by subcontractor -> Supply of manufactured material -> subcontractor’s invoice.
Scenario Profit Center Update with real time integration is activated in the New GL.
How is theprofit center information stored in financial postings to a CO object? In a reconciliation ledger document. In a separate New GL document. In a separate profit center accounting document. In a separate field in the New GL document.
Which of the following are not event based allocations for overhead orders? Reposting secondary costs. Reposting activity allocation. Reposting costs & revenues. Reposting line items. Reposting direct activity allocations.
Which of the following organizational units are maintained in Management Accounting? Operating concern Company code Business area Functional area Controlling area.
The depreciation of assets is posted to profit center. Which of this statement is not correct? Depreciation response) expense account is defined as a cost element The “ Depreciation Run” account assignment type for the depreciation area has to be assigned The account must be assigned as item categories. Document splitting criteria has to be activated.
What does the planner profile in cost center accounting determine? The available planning layouts. The required planning sequence. The available planning level. The available planning methods (for example, topdown, forecast).
Which of the following functions are part of document splitting? It defines characteristics that can be used by reports contained in a group. Active document splitting: Splitting a document. Passive document splitting: Clearing and similar processes. Statistical document splitting: Reporting processes.
Which of the following statement correct with reference to Routing? Production costs are determined through the routing. All the above The routing consists of only one operation. It is the sequence of production steps.
Which of the following terms apply to costingbased profitability analysis? Balance sheet statement Cost of sales accounting Contribution margin Segment reporting.
You have created statistical key figures in Cost center accounting, and the same is required in profit center accounting.
Do we need to maintain the same? No it is not required Statistical key figures are created at company code level Statistical key figures are created at controlling area level Yes we need to maintain the same again in Profit center accounting.
Document splitting allows you to display documents using a differentiated representation.
Inthe representation, line items are split according to selected dimensions.
In this way, you candraw up complete financial statements for the selected dimensions at any time.
Which of thefollowing functions are part of document splitting? It defines characteristics that can be used by reports contained in a group. Statistical document splitting: Reporting processes. Passive document splitting: Clearing and similar processes. Active document splitting: Splitting a document.
Which methods are used to derive characteristics in profitability analysis? PA transfer structure Table lookup Derivation rule Substitution Customer enhancement.
What can you achieve by using a key figure scheme in drilldown reports in profitability analysis? You can create summarization levels with predefined key figures. You can access several databases simultaneously. You can improve the runtime of the drilldown report. You can calculate lines with subtotals in a drilldown report.
Which of the following statement not correct with reference to revaluation? We can revaluate assessment cost center, imputed cost elements and cost elements used in indirect activity allocation. We can revaluate all cost elements used in the primary cost element and revenue planning. We can revaluate cost and amounts. We can increase or decrease planning data on a percentage basis.
A company wants to prevent postings of more than 5000 EUR on cost centers by generating an error message.
What do you recommend? Creating a validation rule in the IMG. Creating a lock amount on the control tab in the cost center master data. Creating a substitution rule in the IMG. Activating and using availability control for cost centers.
In January, you posted a headcount of 10 employees as an actual statistical key figure on a cost ctr. The key figure is defined as fixed value. In July, the headcount is reduced to 8employees for the rest of the year.
What headcount do you have to post? 8 in period July. 8 in each period July to December. 2 in period July. 2 in each period July to December.
How does the cost and revenue flow to the profit center? The profit center is assigned to material master. The profit center is assigned to the cost center master data. All the above. The profit center is assigned to sales order.
Which of the following are the typical planning sequences? You plan statistical key figures that are used as tracing factors for periodic reposting, assessment or distributions. You plan activity output as well as the prices for these activity types on each cost center. You plan the primary costs. All the above.
In customization for costing based COPA we assign costs and revenues to the required value field.
Match the following sources of value fields.
1Cost Estimate i. Fixed Cost of Goods Manufactured
2WBS Elements ii. Freight costs
3General ledger Posting iii. Research & development costs
4Production order iv. Estimated bonuses
5Additional costs v. Production Variances 1i., 2iii.,3ii.,4v.,5iv. 1iv., 2ii.,3iii.,4v.,5i. 1ii.,2iii.,3i.,4v.,5iv. 1v., 2iii.,3ii.,4v.,5i.
Which of the following can you assign in the profitability analysis transfer structure? Master data to characteristics Cost elements to value fields Source cost elements to allocation cost elements Distribution rules to cost elements.
How can you set up a valuation based on a cost estimate in costingbased profitability analysis? By assigning the costing key to products. By assigning the costing variant to valuation variant. By assigning the costing key to value fields. By assigning the costing key to material types. By assigning the costing variant in the costing key.
You are using document splitting in the new general ledger, & you had assigned a default profit center whenever an account assignment is missing in the item.
What will be the result of this assignment? The default profit center is assigned when the derivation of profit center is not possible during the time of posting the documents. You don’t have to distribute this value at the end of this month. The default profit center is derived for each transaction. You have to distribute this value at the end of this month.
Which of the following statement is true in reference to Financial & Management Accounting? Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business. Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization. Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government & tax authorities. Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management.
You have by mistake the frozen data against reports. What is its implication? It has deleted the stored frozen data against all the reports. It has deletes the transaction data as well in the standard table It has deleted the stored frozen data against specific reports. It has not deleted the transaction data in the standard table.
You are using period accounting approach in profit center accounting.
Which of following statements are correct? It takes into consideration of cost incurred for the quantity of goods or services sold. It compares the total costs for the period to the total revenues earned during the same period. It compares the costs to the corresponding quantity structures of the revenues. It takes into consideration all the cost involved including change in stocks.
How is work in process (WIP) calculated for a production order? Based on the plan cost, dependent on the order status Based on the actual cost, dependent on the order status Based on the target cost, dependent on the valuation variant settings Based on the standard price cost estimate, independent of the valuation variant settings.
The data flows from sales order management to COPA.
When data are transferred to accountbased controlling profitability analysis, it provides the following features: Data transferred as soon as it is created Transferred to cost and revenue elements Short term uptodate data It can be always reconciled with FI.
Which of the following statements are not correct? The controlling area can contain only one company code. The company codes assigned to controlling area can have different operational chart of accounts. We cannot allocate costs outside of controlling areas. The company codes can include more than one currency.
You have recommended using frozen data to increase data retrieval speed on some of your routine reports.
What are the features of it? The frozen data can be updated The data are stored for all the report It is reporting data that has been "frozen" at a particular point of time It can be generated from the object level or using summarization data or summarizing levels All the above.
Which of the following is a typical sequence of steps in a purchase to pay process ? Purchase requisition > Goods verification > Purchase receipts > Invoice receipts > Payment Purchase requisition > Goods issue > Purchase verification > Invoice receipts > Payment Purchase order > Purchase requisition > Goods receipt > Invoice verification > Payment Purchase requisition > Purchase order > Goods receipt > Invoice verification > Payment.
What are the uses of customizing monitors? To display the organization structures Report overview with use of particular characteristics. Overview of the objects in which a characteristic or value field is used in COPA customizing. All the above.
Let say for a product there exists three production versions.
There are steps required to createa mixed cost estimate.
What are they? Select the configured quantity structure type and execute a material cost estimate based on the costing version All the above Create procurement alternatives for each of the production version Define mixing ratios for the procurement alternatives.
How would you explain a market segment in COPA?
What is a market segment in COPA? A certain characteristic combination of predefined values. A certain value combination of the defined characteristics. A certain combination of the defined characteristics and value fields A predefined value combination for the characteristics delivered by SAP.
What are the characteristic of coproducts? We specify it in MRP or costing view of material master A coproduct is a valuated product that is produced simultaneously with one or more products. We turn on the coproduct indicator. All the above.
When an overhead order is created, the settlement rule has must be entered in the control data.
Which settlement receivers are not available for internal order? Order Customer Asset Cost center.
You have created a purchase order for the material P – 109.
The default profit center for the material is 1111.
The purchase order has account assignment to cost center K – 109
& the profit center for cost center is 2222.
What profit center is proposed during the time of good receipt? No profit center is proposed Profit center is 2222 Profit center is 1111 No good receipt is possible.
Your customer requires a new Report Painter report that displays information both for costs and statistical key figure quantities.
How can you implement this requirement? Define two variants for the report. Define two separate reports and combine them in the library. Define two sections in the report. Define two rows in the same report section.
Where do you have to activate Commitments Management to enable postings of commitments on cost centers? In the controlling area In the cost element master record In the cost center master record In the standard hierarchy.
While working with account assignments, you need to follow certain rules.
Which of the following rules need to be followed? The same Controlling Object can be specified as True and statistical in the same posting item. In each posting item, you can specify up to four statistical Controlling Objects in addition to the true Controlling Object. You can make true revenue posting to a real estate object. You need to specify a true Controlling object in each posting item.
We want to use commitment information on an order, so where we have to activate the commitment management? Charts of accounts Controlling Area General ledger account Order type.
What is the purpose of a report group in Report Painter reporting? It serves as a template for the creation of new Report Painter reports It improves performance when switching reports via the reportreport interface It defines characteristics that can be used by reports contained in a group It adds a report as a subfolder to the standard information system.
A customer needs an error message to be displayed when the internal order budget has been exceeded by 15%.
How can the customer achieve this? By activating availability control in the controlling area. By customizing the tolerance limits for the budget profile. By entering the budget profile in the order master data. By entering the budget profile in the order type.
Your customer wants to see a P&L statement for profit centers in the costofsales accounting view.
How do you fulfill this requirement? Activate the Business Area scenario in New General Ledger Accounting. Activate the Functional Area scenario in New General Ledger Accounting. Enter the appropriate functional areas in the cost center masters. Enter the appropriate cost center categories in the cost center masters.
Why should you use extracts in Report Painter reports? For automatic data aggregation. To reduce runtime. To reduce use of space in the database. For automatic updates when new postings are added.
What is a report group in Report Painter required for? To add a report as a sub folder in the Easy Access Menu. To serve as a template for the creation of new Report Painter reports. To run reports in costing based profitability analysis. To assign further reports via the report/report interface.
How can you achieve periodic controlling when a lot size based production scenario is used by logistics? Use a product cost collector in addition to the production order. Adjust the costing type of the plan costing variant. Use an internal order in addition to the production order. Adjust the default rule in the default values for the production order type.
You want to define some fields as mandatory in an internal order.
How can you achieve this? Adjust the field selection in the order type. Adjust the field status variant in the order layout. Define the fields as mandatory in the model order. Define a user status in the status profile.
Which of the following statement is not correct in reference to statistical orders? In order master data we can assign cost center to be posted. Statistical order is used to evaluate costs which cannot be itemized in details in Cost Element or cost center accounting We can settle statistical orders and apply overhead to them. If the statistical order has to be posted crosscompany code or crossbusiness area we do not assign a company code or business area.
Posting of costs and revenue to CO can result in real or statistical postings,
which of the following statement are correct? One and only one real posting is required in CO Real postings are for information purpose only. Statistical postings can be settled or allocated to other CO objects. Statistical posting contains the information that is transferred to financial accounting for reconciliation.
What information is transferred to costingbased profitability analysis when you settle an internal order? Variance categories of the internal order Changes to the internal order master data Characteristic values of the settlement rule Work in process for the internal order.
An extract has been created for a report.
Now after that the posting was made in cost center.
Now the extract was executed again.
What is the output of the report & does it reflect the new posting made? The report shows the same output as the before without any changes None of above The report shows the new value which includes the posting done The report shows nothing.
In variance calculation we are using actual costs as the control costs and planned costs as the target costs.
Which target cost version we are using? Target cost version 2–planning variance Target cost version 3–production variance of the period Target cost version 1–production variance Target cost version 0–total variance.
How are the production cost derived? The routing describes the quantity of an activity and the location of the operations. It is linked to a cost center to valuate the activities. Combining data from production planning with cost center Accounting/ Activitybased costing. All the above. The work center describes where an operation is performed.
How can you allocate the entire over/under absorption of a cost center to profitability analysis? Use periodic reposting Use distribution Use assessment Use template allocation.
The settlement type PER has been used to settle overhead order.
What does PER means? It settles all the cost right up until the settlement period. It settles only the cost for the period specified. It settles the cost based on the percentage specified. None of the above.
You want to calculate overhead rates on an internal order.
You have already defined the costing sheet.
Which of the following assignments must you perform next? Assign the costing sheet to the costing variant. Assign the costing sheet in the order master data. Assign the costing sheet to the valuation variant. Assign the costing sheet in the order type.
Which of the following statement correct with reference to component scrap? All the above. Component scrap is used in MRP to determine the input quantities of component. The system increases the quantity to be produced. The system increases the lot size.
How can you accelerate the setup of a new Report Painter report? Reuse drilldown reporting forms. Use column and/or row models. Reuse key figure schemes for drilldown reporting. Use saved layouts of SAP List Viewer (ALV) reports.
We are using the plan period indicator to specify the date for which the system should look for a valid material cost estimate in the database, for product cost controlling.
We want to use the future standard cost estimate, so which option should be choose? 1 3 2 4 0.
A certain cost element has conflicting cost center assignments in the Default Account Assignment field (cost element master data) and in the Automatic Account Assignment table (IMG).
What happens when a document is posted with this cost element? An error message is displayed. The Automatic Account Assignment (IMG) has a higher priority. The Default Account Assignment (cost element master data) has a higher priority. The system prompts you in a dialog box.
What are the features of transfer control? Can be used only for material cost estimate with quantity structure. Transfer of Cross plant cost estimates is not available. Speeds up the costing process through use of existing cost estimates. Avoids the creation of unnecessary material cost estimates.
What are the costing results of the material cost estimates? Costed Multilevel Itemization All the above. Cost component split.
You have been asked to explain the benefits of integrating COPA with SAP Business information Warehousing. What are they? Cross Application reporting Combining legacy system data with COPA data Collecting data from different systems All the above Low Volume data.
Which of the following statement is correct with reference to activity type? There are 2 correct answers to this question. It classifies the specific activities provided by a cost center along cost allocation line. The system calculates the associated cost based on the activity price and generates a credit to the receiver and a debit to the sender for both the quantity and the costs. The internal activity allocation is carried out via primary cost elements, which are stored in master data of the activity type master record. It serves as tracing factor for this cost allocation.
A customer wants to add overhead cost to a material cost estimate with quantity structure, without changing the BOM and routing. Which options does the customer have? Template allocation Easy cost planning Cost element planning Overhead surcharges.
You want to assign quantitybased overhead costs to production orders with controlling objects. Which methods can you use? Distribution cycle Direct activity allocation Periodic reposting Template allocation Costing sheet.
When do we use additive costing? When transferring the cost estimates from nonSAP ERP. When we want to add know costs to the material cost estimate with quantity structure that are not contained in the quantity structure. When we can include manual costs for each material price or use only manual costs. All the above.
What the significance is of valuated sales order stock? Variances cannot be determined for this production orders Combined quantity and value flow Provides a cost component split for the cost of goods sold. Assembly costs shown without multilevel maketoproduction.
You can use different currencies in the Controlling component (CO). Which of the following currencies are valid in Controlling? Exchange rate Currency Controlling area currency Object currency.
You want to create a new column in a Report Painter report. Which element types can you select? Key figures with characteristics Predefined key figures Row/column texts Characteristic values Formulas.
What are the period end closing activities in controlling? Run the overhead calculation, WIP calculation, variance calculation in product costing Run the settlement calculation in product costing which will post all the WIP and variances to finance and PA. Run settlement of sales order to PA All the above Repost CO documents that was incorrectly posted Run distribution or assessment cycles.
Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed. Which of the following combinations make business sense? Sender - Cost Center, Order, Project Receiver - Cost Center, Order, Project Sender - Cost Object
Receiver - Cost Center, Order, Project, Cost Object Sender - Order
Receiver - Cost Center, Project Sender - Cost Center
Receiver - Cost Center, Order, Project, Cost Object .
Some object types can support many different object classes and other can support just one. Which of the following assignment defined is not correct. Sales document will always be associated with Investments – INVST. Reconciliation object will always be associated with Profit and Sales – PROFT. Cost object will always be associated with Production – PRODT. Cost center will always be associated with Overhead costs – OCOST. .
A customer wants to define some fields as mandatory in an internal order. How can the customer achieve this? By indicating the fields as mandatory in the model order. By adjusting the field status variant. By defining an appropriate selection variant. By adjusting the field selection in the order type.
Which of the following statement are correct with reference to Standard price? Price difference cannot be subsequently adjusted to the ending inventories or the consumed products. Where the price varies from the standard price, the differences are posted to material account. All stock posting takes place at moving average price. Price fluctuations credit/debit the cost objects.
You set up a valuation based on a cost estimate in costing-based profitability analysis. To what can you assign the costing key? Valuation variants The operating concern Products Material types .
You want to plan costs on an internal order. Which of the following options can you use to reduce manual planning effort? Plan assessment Activity output planning Topdown planning for order hierarchies Copy plan to plan .
What are the prerequisites to calculate overhead costs on an internal order? Define an overhead key. Define a costing sheet. Assign the costing sheet in the order master data. Assign the costing sheet to the costing variant.
For which of the following postings to costingbased profitability analysis can you carry out a valuation? For incoming sales orders. For transfer of billing documents. For activity allocation. For transfer cost center cost by assessment.
How can you set up segment reporting in New General Ledger Accounting? Define segment master records in Management Accounting. Assign segments in the master record of the cost center. Activate segment reporting in Customizing. Assign segments in the master record of the profit center.
What can be sender & receiver in distribution? Sender– Cost center, internal order, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, business process. Receiver– Cost center, internal order, WBS element, cost object, business process. Sender– Cost center, cost object, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process.
Which of the following statements are correct? Cost center is linked to company code as Chart of accounts is linked to the same company code. Cost center can be defaulted in all FI line items in all GL accounts Cost center can be defaulted in GL accounts provided it is assigned to company code. Internal order can be defaulted in all FI line items in all GL accounts.
What is the prerequisite for sales order controlling? A valuated customer order special stock must be assigned to the sales order item. A product cost collector must be assigned to the sales order item. The cost object of the sales order item must be created manually in the sales order. The sales order item must have a cost object assigned by a requirement class.
A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL? By defining and execute the equivalent cycles in the New GL. By activating the realtime reconciliation between CO and FI. By activating plan integration for profit centers. By activating document split for cost centers in New GL.
Report Writer library is a collection of? Key figures Report groups Characteristics Basic key figures.
What is the use of reference and stimulating costing? It is used to calculate a price for internal activities. It is used to update the prices of the reference material. It is used to create a material costing for simulation. It is used to calculate a simulated price without material master .
You are missing the commitment values for internal orders. Where do you have to activate commitment management to get these values? In the original order budget In the controlling area In CO version 0 In the order type.
The material valuation for a material is ‘V” i.e. moving average price. The opening stock for the material is 100 Kg and the material value is $ 1000, there has been a subsequent receipt of 50 kg of material at $15 per kg. Subsequently 120 kg material is issued for production. The supplier sends the invoice of 50kg supplier at $20 per kg. What will be the effect on entry for the said invoice finance? The price difference of $5 per kg will be posted in material account for the quantity in stock lying in inventory& the rest will be posted in price difference general ledger account No posting will be passed to the material account The price difference of $5 per kg will be posted in price difference general ledger account The price difference of $5 per kg will be posted in material account.
If you have created time dependent Master data in management accounting, which of the following statement is correct? We have made actual posting in master data in the current fiscal year, now we can reduce the time dependency of master data. We can extend the validity period of a master data record. The cost center assignment to the standard hierarchy area is time dependent field. When we change the master data fields for a particular timeframe, the system creates a new master record containing the new master record containing the new master record for this period. .
Which of the following statements are correct? Accrued costs have a corresponding expense in financial accounting. Additional costs have a corresponding expenses Valuation difference doesn’t have a corresponding expense Accrual calculation is used to distribute irregular expenses to the relevant periods.
Which of the following statements are correct with reference to Statistical key figures? Cannot be used for posting plan and actual values. Measurable value applicable to cost centers, Profit centers, internal orders or processes. It is defined either as a fixed value or a total value. Cannot be used as a tracing factor.
Which of the following are not part of management accounting? General Ledger ( G/L Accounts) Internal Order Charts of Accounts Cost Center .
You have been asked to explain the assignment of profit center to a sales order item. Which of this is not correct? The profit center can be set with a substitution based on different fields like business area, plant, storage location, sales area, sales group, etc. The profit center is taken from the customer master record The profit center can be manually assigned for sales order The profit center is derived from the material master.
We can use execution services to enter commitments and actual costs for planning items using easy cost planning. Which of the following postings are possible? All the above. Purchase orders Internal activity allocation Direct process allocation Goods issues.
Which planning transactions create secondary costs on the receivers? Activity input planning Transfer of depreciations from Asset Accounting Transfer of personnel cost from HR Plan assessment Plan distribution.
What planning options do you have on internal orders? Topdown planning for order hierarchies Overall planning Easy cost planning Unit cost estimate Activity output planning.
When do we use mixed costing in product cost controlling? When different processes are used to manufacture the same material Price variances arise when the system updates the mixed price as the moving average price in the material master. All the above It is required when we have different sources of supply for purchased material .
Which of the following is the typical sequence of steps in an ASAP roadmap? Project preparation > Final preparation > Business blueprint > Realization > Golive and support Project preparation > Business blueprint > Realization > Final preparation > Golive and support Business blueprint > Project preparation > Final preparation > Realization > Golive and support Project preparation > Realization > Business blueprint > Final preparation > Golive and support .
Why is preliminary costing used for product cost collector? To determine the activity quantity to be confirmed in repetitive manufacturing Costing lot size, BOM and routing of production process used to arrive at preliminary costing To valuate work in progress To calculate actual costs on the basis of preliminary cost to valuate the production and scrap variances.
Which of the following statement are not correct? For accrual cost calculation using the percentage method, you need not create an overhead structure For accrual calculation using the target=actual or the plan=actual methods, you must create the corresponding accrual cost elements The advantage of percentage method over using a recurring entry in the Financial Accounting component (FI) is that accrual is based on the actual costs posted For accrual cost calculation using the percentage methods we create overhead structure with following keys i) Calculation bases ii) Overhead percentage rates iii) Credit objects.
Which of the following statement are correct in context of cost center accounting in an organization? Revenues can be posted directly to cost center Valuate semi finished, finished goods realistically Determining the cost incurred within an organization Measuring the cost efficiency at various area of organization. .
The following are the steps involved in costing run? i. Price update ii. Costing variant iii. Costing date iv. Company code v. Material selection vi. Execution of costing run v ,ii , iii, iv, vi, i iv ,iii , ii, v, vi, i iv ,ii , iii, v, vi, i vi ,ii , iii, iv, v, i .
In which master record can you enter a profit center directly? Internal order Cost element Activity type Cost center Material master.
What is the purpose of material ledger? Multi level price determination can calculate the variances that flowed to the higher levels of production process. Material ledger can be used to revaluate products or raw materials based on actual prices during the periodend closing. The requirement of track the inventories values in more than one currency in SAP ERP. All the above. .
Which are the material master views relevant to costing? MRP view Basic view Costing view Forecasting view Accounting view.
The system does not allow you to create a primary cost element. What do you check first? Whether the G/L account currency is the same as the controlling area currency Whether the balance sheet account exists Whether the P&L account exists Whether the cost element category is valid.
Which of the following statement is correct with reference to orders with revenue? Revenues can be settled to cost center Order can be created like any other overhead order type Costs can be settled to any receiver. Revenues cannot be settled to general ledger accounts.
A customer wants to settle an internal order to cost centers, but receives an error message. What do you check? The costing sheet. The PA transfer structure of the order. The system and the user status. The sender and receiver to be assigned to the same profit center. .
Excluding the Continuous improvement phase, how many phases are there in the Accelerated SAP roadmap ? 5 6 3 4.
Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? Overhead has been incurred. Materials have been withdrawn. An order was closed. Personnel costs have been incurred. The posting period has been closed.
Difference between periodic reposting and distributions are The distribution is used to transfer primary as well as secondary costs whereas periodic reposting is used to transfer primary costs. The performance of periodic reposting is better distribution. In periodic reposting no partner is updated where during distribution the system also updates the partner in the total record for the sender. For periodic reposting separate credit record is written in the sender cost center whereas for distributions no separate credit record is written in the sender cost center.
Which of the following statements describe profit centers? Profit centers are subunits of cost centers. Profit centers are structured in a standard hierarchy. Profit centers are usually structured in the hierarchy by region, function, or product. Profit centers represent an area of responsibility for cost and revenues. Profit centers are the basic organizational units of profitability analysis.
You are creating a customerspecific drilldown report for new general ledger accounting, which of the following elements are required? Characteristics Variables A form A report header .
What is the difference between distribution and assessments? Distributions are made using the original primary cost elements; assessments are made using secondary cost elements. Distributions are used when the original cost information is necessary on the receiver; assessments are used when this information is not necessary on the receiver. Distribution can be made for both planned and actual figures; assessments cannot. Distributions can be made using statistical key figures; assessments cannot.
Your company is implementing SAP & wants to analyze profit in your organization. You have chosen Profitability Analysis over Profit Center Accounting. What are the reasons for choosing the same? Analyzing the profitability of segments of your market, structured according to customers, products, orders, etc. and organizational units. The data need to be analyzed by period, or project, or by orders. Analyzing the internal Profit and loss of organizational subunit. The data need to be analyzed by period.
When creating an internal order, which data is derived from the order type? Settlement rule Settlement profile Commitment profile Model or reference order default entries.
Direct posting of direct costs, expenses can be done to profitability segments. How are they done? We have to assign the values to a profitability segments directly in the financial accounting posting transaction. All the above. Allowing dual postings to both a profitability segment and cost center. Automatic postings using automatic PA assignment functions.
You want to implement Profit Center Accounting in New General Ledger Accounting. Which settings are mandatory? Real_time integration between Controlling (CO) and Financial Accounting (FI) Segment Reporting scenario Profit Center Update scenario Functional area activation.
What are the organizational entities for which the profit & loss statement and balance sheet can be generated? Company code and business area Company code and profit center Profit center and business area Company code and cost center.
Which of the following do you define in the general data selection of a Report Painter report? Parameters valid for all rows and columns. Default values for the definition of rows and columns. User, date, and time of report creation. Parameters for the report to report interface.
You want to perform results analysis on sales orders, and you need to use two different methods to reflect different accounting principles such as USGAAP and IFRS. How do you achieve this? Use two results analysis versions. Use two separate sales order items. Use two requirement classes in the sales order items. Use two results analysis keys in the sales order items.
Which of the following allocation methods in cost center accounting use secondary cost elements? Assessment Periodic reposting Distribution Activity allocation Overhead surcharges.
The item categories are available for cost planning. The lists are given below. Which of them have been defined wrongly? E–External Activity M–Material L–Subcontracting F–Internal Activity N–Service.
Your customer wants an error message to be displayed when the internal order budget has been exceeded by 15%. How can you achieve this? Customize the tolerance limits for the budget profile Enter the budget profile in the order master data Customize the usage of budget categories in the budget profile Enter the budget profile in the order type.
How do you receive the internal activities in the material cost estimate using a logistic quantity structure? Assign a cost center and its activities to the bill of material. Assign a cost center and its activities in the work center of the routing operation. Assign the responsible cost center and its activities directly to the routing header. Assign a cost element with type 43 (internal activity allocation) to the routing operation.
You are using cost by sales order. Which of the following statement correct? This scenario is only possible for services This scenario is used in maketostock production Sales order item is a cost object Work in progress and reserves calculated by variance analysis.
How is Work in Process (WIP) calculated on a product cost collector? Based on target cost, depending on the valuation variant settings. Based on the standard cost estimate, independent of the valuation variant settings. Based on the target cost, depending on the order type settings. Based on actual cost, depending on the order status.
You have set zero balance indicator, as a characteristic for new general accounting. What are its features? It’s a mandatory configuration. It cannot be used in conjugation with document splitting characteristics it doesn’t let you create balance sheet for the characteristic Let you create balance sheet for the characteristic.
What are the typical sequences for planning activities? i. Plan cost automatically ii. Plan primary cost manually iii. Period lock iv. Plan activity outputs and prices v. Plan statistical key figures iii, v, , iv, ii ,I v, iv , ii , i, iii , v, iii , iv, ii ,I i, iii , iv, ii , v.
Which of the following is the last step of periodend closing in cost object controlling? Settlement Results analysis Template allocation Work in progress.
You want to settle an internal order to cost centers, but the system does not allow you to enter a settlement rule. What do you check? Whether the costing sheet is maintained Whether the PA transfer structure of the order is maintained Whether the Statistical Order indicator is set Whether the sender and receiver are assigned to the same profit center.
The controlling department requires the production order variances to be settled to profitability analysis. How can you achieve this? Set the To Be Settled in Full indicator in the settlement profile. Assign a PA transfer structure to the settlement profile Assign an allocation structure to the settlement profile. Set the Variances indicator in the settlement profile.
What are the period end closing activities for sales order without production i.e. service? Result analysis to calculate the costs and revenues of the cost object Create a debit memo based on CO line items The revenues and costs of the sales are settled to financial accounting and profit center accounting Stocks and reserves are settled to profitability.
A customer allocates a variety of cost elements from many cost centers to others by distribution cycles. The customer complains about the long duration and runtime. What do you recommend to shorten the runtime? Use an allocation structure within the distribution cycles. Use iteration within the cycles. Use cycle run groups for parallel processing. Use assessment instead of distribution.
What is the name of the infrastructure that supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform? SAP NetWeaver SAP Exchange Infrastructure SAP Web AS SAP Business Process Management.
You are using plan revaluation function in CO Planning. Which of this statement is correct? You do not need to manually rekeying the plan. It can be used to create a new plan based on planned version or actual version. You can maintain different planned version. All the above.
Your New GL customer uses real_time reconciliation of CO and FI. The customer wants to showthe value flow of activity allocations between cost centers assigned to different profit centers. What does the customer have to configure? Select profit center as a characteristic for real time reconciliation between CO and FI. Carry out a reconciliation run for activities types in the new GL. Execute the periodic transfer to profit center accounting. Define a G/L reconciliation account for direct activity allocation.
The primary cost element is one type of master data in Controlling. Before you can create a newprimary cost element, certain prerequisites need to be fulfilled. Which of the followingconditions must be fulfilled BEFORE you can create primary cost elements? The General ledger account must be defined. The cost center must be defined. The controlling area must be defined. The plant must be in the system.
To which organizational level do you have to assign the valuation area to create material costings? Controlling area Business area Company code Plant.
A controlling area has been created for more than one company code. Which of the following statement are not correct? Group costing is required for goods manufactured across the company code. The closing in management accounting is independent of final closing in financial accounting. The operating chart of accounts for company codes & controlling area has to be identical. The profit centre covers more than one company codes.
Where do you have to assign the costing sheet to enable overhead surcharging for material costing? Costing variant Material cost estimate Costing version Material master.
What are the requirements to create primary cost component splits? Determine the prices through planned price iteration. Assign a cost component structure in the CO version in cost center and process cost planning. All the above Define a cost component structure for the primary cost component split of product cost planning. Define a transfer structure for the transfer of cost components in cost centers and Activity basedcosting to the cost components.
Which of the following statement is correct with reference to assessment? Activating plan integration with orders and projects. Classifying specific activities provided by a cost center along the cost allocation lines. Allocation of Primary and secondary costs from a sender to receiver controlling object. Allocation of amounts within CO across company codes.
When you create an internal order, what is derived from the order type? Settlement rule Model or reference order default entries Settlement profile Controlling area.
Which master data is required for a direct activity allocation? Activity type Allocation cycle Cost center Activity price Secondary cost element .
Which of the following statements are TRUE regarding SAP Solution Manager? It is an integrated platform that controls both implementation and operation of the live system Supports customers in ALL project phases, from creating a blueprint to configuring business processes and testing through support of the live environment It is the same toolset as ASAP Can only be used to manage business processes on SAP.
What can you define in a Report Painter library? Formats and format figures Key figure schemes and forms Characteristics and key figures Predefined columns and rows.
What status reports does Cash Management and forecasting include? Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings.
Your customer requires a flexible selection of cost elements when starting a Report Painter report. How can you achieve this? Use a variable for the cost element group. Use a row model with predefined key figures. Use a predefined report template. Use a flexible report variant. .
While you were mapping the customers to specific region in COPA you have by mistake mapped the customer to a different region. Now you want to correct this entry as well as the historical transaction of the same. How do you do that efficiently? Reverse all the transaction & repost it with correct assignment. Use of realignment function Use of derivation function All the above.
Your customer needs to determine strategy sequences for material cost estimates to find prices for the valuation of the used materials, activity types, and processes. Where do you define these strategy sequences? In the price determination schema In the valuation class In the price control In the valuation variant.
For what purpose can you use a statistical internal order? Settlement. Budget and availability control. Overhead surcharges. Cost planning. .
What are the steps involved before we run a cost estimate for a split valuated material? Create procurement alternatives based on material type. Create procurement alternatives based on valuation type for material. Maintain mixing ratios for the procurement alternatives. All the above.
Periodic reposting.... Allocate the cost to corresponding management accounting object The original cost element remains the same during the periodic reposting. We can post primary as well as secondary costs Periodic repostings cannot be reversed.
Which of the following statement are not correct in reference to real and statistical postings? We can only make real postings for a cost center Real Postings can be processed & subsequently settled or allocated with other controlling objects. The combination of real and statistical postings can be made in management accounting. We always make statistical postings to the profit center. .
Manual cost allocation Creates a separate credit record in written to the sender. Cannot be used for all cost element categories. Can only be used for actual data only Allows posting of primary & secondary costs manually.
What are the steps to be taken before we execute an actual costing run? I. Calculate overheads, do a variance calculation and settle the production order. II. Execute actual activity price calculation. III. Execute all the allocation cycles in the cost center accounting module. IV. Revalue all the production orders with the actual activity prices. IV,III, II, I III, II, IV, I IV,II, I, III I,II, IV, III.
Why do you use variants in reporting? To predefine values for complex selection screens. To specify parameter values for background processing. To permit quick navigation between CO objects. To optimize the runtime of a report.
Your customer requires that material costs for raw materials in a semifinished product are also displayed as raw material costs in higherlevel products. What do you need to set up? Costing variant Costing sheet Cost splitting structure Cost component structure.
A customer is using sales order controlling. How are the revenues and cost of goods sold transferred to COPA? By results analysis. By outbound delivery. By billing. By settlement.
By which distribution rules can you settle an internal order to different receivers? By statistical key figures. By equivalence numbers. By formulas. By percentage rates. By amounts.
Which of the following functions can you use on statistical internal orders? Settlement Cost planning Overhead surcharges Budget and availability control.
Which of the following activities would occur in Phase 2? End user training Finalizing the project scope Defining and documenting all business requirements, both functional and technical Cycle and integration testing.
You want to calculate additional values for the value fields in costingbased profitability analysis that are not transferred by actual source postings. Which function do you use? Valuation Value field derivation Characteristic derivation Topdown distribution.
For which record types can you set up a valuation in costingbased profitability analysis? K – Cost center assessment F – Billing data X – Activity allocation B – Direct posting from Financial Accounting.
Which of the following statements are FALSE. Documentation in SAP Solution Manager is limited to the documentation types delivered by SAP Test cases cannot be reused Only Project Managers can use SAP Solution Manager Accelerators are found in the Knowledge Warehouse in SAP Solution Manager in the form of templates Scoping is based on components rather than processes .
Your customer wants to use a consistent stock valuation strategy for products in each company code. What are the restrictions for standard price cost estimates? They are only released to material cost estimates with quantity structure. They are only released to the material master data. They are only released to one costing variant per period and company code. They are only released to those estimates that use iterative calculated activity prices.
There are several master data in COPA. This includes Characteristic derivation & valuation. You have been asked to explain the key points of valuation. What are they? Valuation strategies must be assigned to record types, point of valuation and plan versions when applicable to be activated It is mandatory. It can contain COPA costing sheets, sales order management pricing procedures, product cost calls, and user exit calls, in a sequence that can be customized. It supplements or overwrites certain automatically mapped values. .
You have activated the Profit Center Update scenario with realtime integration in New General Ledger Accounting. You now make a direct financial posting to a controlling object. Where is the profit center information stored? In a separate field in the new general ledger document In a separate new general ledger document In a separate Profit Center Accounting document In a reconciliation ledger document.
Which of the following statement is correct with reference to coproduct in SAP? Coproduct increases the cost of main product. The cost for coproducts is calculated using cost apportionment structure The coproducts indicator is selected in material master record’s accounting & plant data view The coproducts has bill of material like any other product.
You want to perform results analysis on sales orders and need to use two different methods to reflect different accounting principles such as USGAAP and IFRS. How do you achieve this? Use two results analysis versions defined in Customizing Use two results analysis keys in the sales order items Use two separate sales order items Use two requirement classes in the sales order items.
How does cost and revenues flows to the profit center? All the above. The profit center is assigned to material master. The profit center is assigned to sales order The profit center is assigned to the cost center master data. .
When can we use planned price manually for an activity type? The rate doesn’t depend on the prices of external suppliers. Where the prices required for rates are determined within the organization. It is depended on the cost of cost center. It depends on internally produced activities.
A customer asks you to explain the category price variances received on production orders. What could be the reason for price variances? The valuation variants of the cost estimate and the production order are different. The respective routing has changed. The activity types were consumed from different cost centers. The master data of the consumed materials is V price indicated.
You use realtime reconciliation between Controlling (CO) and Financial Accounting (FI) within New General Ledger Accounting. You therefore want to receive a reconciliation posting in FI when you allocate an internal activity between cost centers assigned to different profit centers. How do you fulfill this requirement? Carry out a reconciliation run for activity types in the new general ledger. Select profit center as a characteristic for realtime reconciliation. Define a general ledger reconciliation account for direct activity allocation. Execute the periodic transfer to Profit Center Accounting.
Which sequence of organizational units describes the organizational structure from the top down? Controlling area >Operating concern >Company code >Plant >Storage location Operating concern >Controlling area >Company code >Plant >Storage location Company code > Operating concern > Controlling area > Plant > Storage location Operating concern > Controlling area > Company code > Storage location > Plant.
You want to add overhead costs to a material cost estimate with quantity structure without changing the bill of material (BOM) and routing. Which options do you have? Easy Cost Planning Template allocation Cost element planning Overhead surcharges.
Which of the following are correct descriptions of profit centers? Profit centers are sub units of cost centers. Profit centers represent an area of responsibility for cost and revenues. Profit centers are usually structured in the hierarchy by region, function or product. Profit centers are structured in a standard hierarchy. Profit centers are the basic organizational units of profitability analysis.
Which of the following are the functions of drilldown reporting? All the above Navigate to detail list Display several output area one screen Navigate to characteristic with drag and drop.
A customer is missing the values for commitments for internal orders. Where does the customer have to activate Commitment Management to get these values? In the original order budget. In the controlling area. In CO version 0 In the order type.
What does the SAP Web AS provide? Master data harmonization cross SAP NetWeaver. Realtime data exchange with all SAP systems. J2EE and ABAP in a single environment. Storage of all transactional documents in one single database.
Which results can Profit Center Accounting reports provide in New General Ledger Accounting? Cost of goods sold Balance sheet statement Return on investment Variance categories of production Fixed and variable cost portions.
What effect does releasing a material cost estimate have on a material with a standard price (S)? The moving average price is adjusted The existing stock is valuated with the new price Previous material movements are revaluated A new standard price is set.
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