Title of Test:
Test SAP CO - TFin
Description:
SAP CO - TFin
Author:
Rafiq Ahmad
(Other test by the same author)
Creation Date:
1/13/2010 12:36:02 AM
Category:
Others
Number of questions:98
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Last comments
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it is the best
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I like the questions pattern which could be extactly the same as in examimation room. However, answers to the questions are very bad, without logic and with very little knowledge of Controlling. Asnwers are distracting and whosoever takes this test should check the reference books or use common sense. Worst Answers, however, the Best questions i have ever seen.
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Content:
A customer, who already runs SAP ERP, wants to implement a BI solution. You are building a presentation in order to show the advantages of the SAP BI solution.
What would be the key benefits of SAP BI in your presentation?
Note: There are 2 correct answers to this question.
More than one answer is correct. Please choose the correct answers. SAP BI easily integrates information from various operative SAP applications and non-SAP applications. SAP BI always provides real-time data from operative SAP applications. SAP BI, with its delivered Business Content, can be easily set up to extract data from SAP applications. SAP BI enables Online Transaction Processing (OLTP) for the staging of information from large amounts of operative and historical data.
A company runs Sales Order Management and account-based CO-PA.
Which transaction posts the cost of goods sold to account-based CO-PA?
Please choose the correct answer. The goods issue creates the posting. The "periodic transfer of incoming order value" creates the posting. The billing creates the posting. Saving the released sales order creates the posting.
A company asks for a real-time sales report to analyze Revenue by Customer Group, by Sales Organization, by Product that allows for navigation to sales order line items.
What reports can provide this information?
Note: There are 2 correct answers to this question.
More than one answer is correct. Please choose the correct answers. Drilldown report based on line items for Costing-Based Profitability Analysis. Drilldown Basic Report for Account-Based Profitability Analysis. Drilldown Basic Report for Profit Center Accounting. Form Report for Profit Center Accounting.
A company has implemented CO-PA. They want to accelerate their routine reports for their closed periods used by many business users.
Which functionality has the most positive influence on the performance?
Please choose the correct answer. The Report with Summarization Levels and Summarization Data. The Report with Summarization Data. The Report with Summarization Levels. The Report with Frozen Data.
A company creates a cost center-related purchase order and complains that the commitment is not visible in the current commitment report,
although commitment management is properly setup in CO.
What is a possible reason?
Please choose the correct answer. The commitment is already posted, but only visible in the report of the future
period based on the planned goods receipt date. Commitment relevance is not activated in the relevant material master record. Commitments are not posted real-time, but with a periodic transaction. Commitment relevance is not activated in the relevant vendor master record.
A company wants to use Profitability Analysis (CO-PA) to obtain an early analysis of their anticipated profits.
Which functionality provides the best results?
Please choose the correct answer. Transfer sales orders and quotations from SD to costing-based CO-PA and use record type "A" for analysis. Transfer sales orders and quotations from SD to account-based CO-PA and
use record type "F" for analysis. Transfer the plan balance data from FI to account-based CO-PA and use
record type "F" for analysis. Transfer the plan data from the "Sales and operation planning" to costingbased CO-PA and use record type "P" for analysis. Analyze sales quotation as a detail value.
A company requests CO-PA reports with more detailed information.
Which methods help to achieve more details in the CO-PA cost analysis?
Note: There are 2 correct answers to this question.
More than one answer is correct. Please choose the correct answers. Use an allocation structure in the assessment cycle to CO-PA to assign
different cost elements to different value fields Refine the cost component structure in CO-PC and optimize the assignment to value fields. Refine the asset valuation area settings and the account determination logic for assets. Define a cost splitting structure in the overhead surcharges to different
characteristics in CO-PA.
A new SAP customer is looking for a lean monthly reporting that should visualize their requirements of...
Cost of Good Sold Accounting
Periodic Profitability Accounting
Return on Investment (ROI) key figures
Cost analysis including additional accrued cost
Which application meets all of these reporting requirements?
Please choose the correct answer. FI balance sheet and profit and loss reporting based on US GAAP Profitability reporting in account-based CO-PA Profitability reporting in costing-based CO-PA Profit Center Accounting drilldown reporting.
An Automotive customer works with 600,000 material numbers in a multi-level production environment. The whole costing run takes several hours. Now they are simulating the impact of an alternative production setup, which uses the same raw materials and semi-finished products.
What option would you recommend to significantly shorten the duration of the costing run?
Please choose the correct answer. Use the easy cost planning function for simplified and accelerated costing. Assign a suitable transfer control strategy to the relevant costing variant in the IMG. Define a mixed costing strategy and maintain mixing ratios. Use the Schedule Manager to optimize the duration of the Costing Run.
What are the advantages of a real internal order compared to a statistical order?
Note: There are 2 correct answers to this question.
More than one answer is correct. Please choose the correct answers. Overhead surcharges collection Exception reporting Settlement splitting to different receivers Budget and availability control.
When settling an investment order for an unfinished asset, the customer, by law, needs to settle the order to an asset under construction (AuC).
How can this be accomplished in the system?
Please choose the correct answer. Set up an assessment cycle to allocate the costs of the investment order to the previously created AuC Set up the investment profile to use the AuC of a certain asset class and assign it to the used order type. Assign a settlement rule to AuC directly to the position of the investment
program. Set up an appropriate investment reason and a threshold for scale level and assign both to the order.
A customer uses a discrete manufacturing scenario to produce goods to stock.
What is a typical customer requirement for using product cost collectors as cost objects?
Please choose the correct answer. The customer demands to get work in process based on actual. The customer demands to do a multi-level costing for the used cost objects. The customer demands to control many production orders on one cost object. The customer demands to see the aggregated plan costs of the production
orders on the product cost collector.
A customer uses sales order-related manufacturing processes and wants to settle these orders at period-end closing to CO-PA. They complain about the effort to manually maintain the settlement rules to CO-PA.
What is the most efficient option to solve this problem?
Please choose the correct answer. Automatically provide a strategy sequence for the settlement parameters of the sales order. Enter the number of the profitability segment instead of the characteristics
combination. Derive the distribution rule from the "PA transfer structure" of CO-PA. Determine the distribution rule from the assigned account assignment category.
A customer considers implementing valuated project stock.
Which are the benefits of the valuated project stock?
Please choose the correct answer. The inventory in a project stock always shows the same valuation as in the
common stock of the material. Creating an inventory will result in an inventory posting instead of a cost
posting. At period-end closing; the inventory in a valuated project stock is additionally posted as work in process on the project. The valuated project stock is simple to handle because there is always only
one per project.
Which methods allow a customer to assign their plan costs more accurately to the different activity types per cost center?
Note: There are 2 correct answers to this question.
More than one answer is correct. Please choose the correct answers. Activity-dependent manual cost planning Plan cost assessment cycle Pre-distribution of fixed cost Usage of a splitting structure for the plan price calculation.
A customer has a 1000 cost centers each with about 100 different primary cost elements.
Select the ranking of cost allocation methods according to the shortest expected runtime (list the fastest method first).
Please choose the correct answer. Periodic Reposting < Assessment < Distribution Distribution < Assessment < Periodic Reposting Assessment < Periodic Reposting < Distribution.
A customer complains that in various FI postings both fields, cost center and internal order, are mandatory.
Which setting causes these two fields to be mandatory?
Please choose the correct answer. The field "order" has accidentally been maintained in the master of the
respective cost elements (tab "default account assignment"). The field "actual posted cost center" has accidentally been maintained in the master of the respective internal order (tab "control data"). Both cost center and internal order have accidentally been maintained in the default account assignment (OKB9). Both cost centers and internal orders have accidentally been set to
"mandatory" in the "status variant" field (group "additional account
assignment").
A customer in a high-inflation country produces goods consuming raw materials with high price differences.
Which option allows the roll-up of these price differences to the final product?
Please choose the correct answer. Use moving average price for all materials. Implement Actual Costing in the Material Ledger. Implement Transfer pricing in the Material Ledger. Use actual activity price determination in Cost Center Accounting.
A service company decides to implement Activity-Based Costing. They collect all process-related cost on ABC processes and want to allocate them periodically to their sales orders in Sales Order Management.
Which functionality do you implement?
Please choose the correct answer. Template allocation technique Process settlement Indirect process allocation Process assessment cycles.
Which of the following is a typical process sequence of Product Sale from Stock?
Please choose the correct answer. Incoming order -> Goods receipts/transport -> Dunning and payment -> Billing Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing Incoming order -> Transport/delivery -> Billing -> Dunning and payment Purchase requisition -> Billing -> Transport/goods receipts -> Dunning and
payment.
The system does not allow you to create a primary cost element. What do you check first ?
Please choose the correct answer. Whether the cost element category is valid . Whether the P&L account exists . Whether the GL account currency is the same as the controlling area currency Whether the balance sheet account exists .
You have posted the results of an assessment cycle run, but some assigned receivers were wrong. How can you correct this ?
Please choose the correct answer. Correct the receiver entries and rerun the cycle. The original run will be
canceled automatically 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 You must cancel the allocation with the original settings, before you correct the receiver entries and rerun the cycle.
A customer wants to perform results analysis on sales orders and needs two different methods for different accounting principles (for example, US-GAAP, IFRS).
How can the customer achieve this ?
Please choose the correct answer. Use two results analysis versions in the IMG Use two results analysis keys in the sales order item. Use two requirement classes in the sales order item. Use two separate sales order items.
A customer is missing the values for commitments for internal orders.
Where does the customer have to activate Commitment Management to get these values ?
Note: There are 2 correct answers to this question . In the controlling area. In the order type. In the original order budget. In the original order budget.
Where do you have to activate commitment management to enable posting commitments on cost centers?
Please choose the correct answer. Controlling area Cost center master record Cost element master record Standard hierarchy.
Which of the following is an application of reference and simulation costing?
Please choose the correct answer. To calculate a simulated product without material master To update the standard price of a reference material. To create a material costing for simulation purposes. To calculate a price for an internal activity.
You are creating an FI posting in classic GL with assignment to a CO object?
Please choose the correct answer. 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. The posting will be assigned to the top node of the profit center standard
hierarchy.
Which step of the sales from stock process creates the cost of goods sold in costing-based CO-PA?
Please choose the correct answer. Creating the sales order. Creating the outbound delivery. Creating the billing document. Creating the transport order.
The customer requires a new Report Painter report displaying cost information and statistical key figures in one report.
Please choose the correct answer. By defining two separate reports and combining them. By defining two sections in the report. By defining two variants for the report. By defining additional rows in the report.
Which statements about project coding mask are true?
There are 3 correct answers to this question. Please choose the correct answers. You must always use a project coding mask for your projects. The project coding mask can begin with a numerical key. The project coding mask can be shortened later, even if projects have already been created with this project coding mask. In project number maintenance, special characters are automatically
determined using the project coding mask. You can lock a project coding mask for standard projects or operative projects.
You are using the billing and down payment processing in Sales and Distribution and updating the actual data to billing elements in the project system.
Which of the following business processes can be mapped in Sales and Distribution?
There are 3 correct answers to this question. Please choose the correct answers Fixed down payment amounts and fixed milestone billing amounts Fixed down payment amounts and resource-related milestone billing amount Resource-related down payments and milestone billing amount Milestone billing of budgeted WBS elements Milestone billing of statistical WBS elements.
Which of the following statements about milestone billing are correct?
There are 3 correct answers to this question. Please choose the correct answers. The revenue value of the sales order item can be assigned to dates in the
billing plan The amount to be billed is entered directly in the milestones of the WBS
elements or activities. The billing block on a billing date is removed when the related milestone is
confirmed with an actual date For each billing date in a billing plan, you can define whether the date is fixed or whether it is moved along with the dates of the milestone. If a milestone is to be used as a date in a billing plan, the "Sales document
date" indicator must be activated in the milestone.
How can the capacity requirements of an activity be reduced?
There are 3 correct answers to this question. Please choose the correct answers. With partial confirmations of the activity By transferring the working times for the activity that was entered in CATS
(Cross-Application Time Sheet) With the period-end closing By setting the status locked account assignment With the final confirmation of the activity.
What are the prerequisites for automatic requirements grouping on the top WBS element of a project?
There are 2 correct answers to this question. Please choose the correct answers. The "project stock" indicator is set in the project definition (either valuated or non-valuated). The "Valuated project stock" indicator must be set in the project definition. The MRP group of the components must permit requirements grouping. The project must be released The top-level WBS element must be released.
You have implemented Activity-Based Costing to allocate business process overhead costs to your projects. Which data in the project is used to find the appropriate business process template?
There are 3 correct answers to this question. Please choose the correct answers. Controlling area Plant Costing sheet Company code Overhead key.
Which function controls the business transactions that are permitted or forbidden for a WBS element?
Please choose the correct answer. Classification Status management User fields Progress value determination Planning profile.
You are working on a project involving employees from different company codes. The employees should record their activities in the project.
Which scenarios can you use to do this?
There are 3 correct answers to this question. Please choose the correct answers. Create WBS elements with different company code assignments. Time recording by resources from different company codes to WBS elements that are created for cross company codes costs. Set up resource-related billing between the company codes. Direct activity allocation between the company codes involved without billing. Set up several billing elements for the purpose of billing between the company codes.
You are using the bottom-up scheduling scenario for a project containing WBS elements and networks. This means that ...
There are 2 correct answers to this question. Please choose the correct answers. ... basic dates of WBS elements are determined automatically. ... the networks determine the schedule. ... strict bottom-up planning is selected as the planning method. ... forward scheduling is selected as the scheduling type. ... the work breakdown structure determines the schedule.
When you assign a work center to a network internal activity the work center provides which of the following functions?
There are 3 correct answers to this question. Please choose the correct answers. Formula to calculate quantity to be costed Formula to calculate the labor rate Assignment of the control key Cost center to find the labor rate Formula to calculate the capacity requirements.
When creating an Overhead Cost Order, the first order information which must be entered is: Order status Order type Settlement type Curreny Classification code .
When creating an Overhead Cost Order, the settlement rule must be entered in the control data.
Which settlement receivers are available for internal orders? Cost center Orders General ledger accounts Asset Vendor .
In Controlling, a distinction is made between master data, planning, actual data and the information system.
Which of the following master data belongs to Controlling? G/L account Work center Cost center Activity type Supplier.
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. Order
Receiver. Cost Center, Project Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object
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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?
The posting period has been closed Materials have been withdrawn Personnel costs have been incurred Overhead has been incurred. An order was closed. .
Which of the following statements are correct More than one chart of accounts can be created for each client The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts More than one company code can be allocated to the same chart of accounts The chart of accounts controls all the customising settings in the R/3 system All accounts within a chart of accounts must have the same tax code .
What status reports does Cash Management and forecasting include? Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings .
Which of the following are clearing procedures in accounts receivable?
Incoming payment Down payment request Credit memo Transfer posting .
Select the correct statement The controlling area is the highest reporting level for profitability analysis Data for overhead cost controlling is extracted from the operating concern Product cost controlling extracts data from the controlling area The business area is an organizational unit within financial accounting Profit center accounting is a component of overhead cost controlling .
Which of the following statements are true or false The controlling area currency must be defined as the group currency Company codes assigned to the same controlling area must have the same operational chart of accounts Profit center accounting extracts data from the controlling area The product cost controlling component enables you to calculate the minimum price at which a product can be profitably marketed Profitability analysis is used to evaluate external market segments .
Select the correct statement(s) Cost centers are assigned to the standard hierarchy through the master record Cost centers can be assigned to any level in the standard hierarchy Cost center categories enable you to assign the same characteristics to similar cost centers All primary cost elements have a one to one relationship with the general ledger expense accounts Secondary cost elements can only be created and used within controlling .
Which of the following statements are true or false All activity types can be used with all cost centers An activity type allows you to allocate costs from FI according to tasks that were performed by other departments Statistical key figures can be defined as either a fixed value or a totals value Master data that can be grouped together include controlling areas and operating concerns Activity types cannot be grouped like cost centers, cost elements and statistical key figures .
Select the correct statements Document numbering is defined according to the grouping of controlling transactions When posting to a cost center and true order, the posting to the cost center becomes statistical Profit center postings can be true postings if the indicator is selected in the master record Postings to cost centers primarily arise out of transaction based postings in FI When posting a transaction within FI, only one true object and one statistical object can be selected .
Which of the following statements are true or false Default cost centers can be specified in the cost element master record Default cost elements can be specified in the cost center master record Profit centers defaulted from the cost center master record, when posting an expense in FI can be changed in the document Default values from customizing take preference over default values from the master records Line items that are reposted in CO update the cost center in the original document in FI .
Select the correct statement(s) Costing sheets are defined for the percentage method of the accrual calculation Periodic reposting is performed when costs are manually reposted from one cost center to another according to a specific statistical key figure The assessment cycle allows for the collection of both primary and secondary costs, and reposts the values using the original cost elements Distribution is the method by which primary costs are reposted using the original cost elements Allocation structures assigned to the distribution cycle allow for the grouping of cost elements and repost using secondary cost elements .
Which of the following statements are true or false The reconciliation ledger allows for the reconciliation of CO components The period lock must be set for both plan and actual data The period lock is automatically set when the FI period is closed An overhead structure is assigned to a costing sheet The results of an assessment can be reviewed in the cost center -; actual/ plan/ variance report Planning .
Select the correct statement(s) Planning profiles are defined with header rows and lead columns Multiple planning layouts can be assigned to a single planning profile Distribution keys can only be used when planning for a single period at a time Planning using activity types can only be performed if the statistical key figures are planned as well Activity dependant planning means planning with the use of an activity type .
Which of the following statements are true or false In order to transfer planned data from HR, a valid employee master record must exist along with a valid cost center, and the two records must be linked Plan distribution allows for the distribution of secondary costs It is not possible to perform planning using statistical key figures It is possible to copy actual data to planning data as long as the planning version has been created first All controlling objects are automatically transferred when one plan version is copied over to another .
Select the correct statement(s) All internal orders must be created according to a specific order type Four categories of internal orders exist namely overhead, investment, financial and revenue orders Statistical orders are used for reporting purposes only Accrual orders allow for the raising of accruals on the order itself Internal orders are company code specific and must reference a profit center in the internal order master record .
Which of the following statements are true or false Orders cannot be grouped like cost centers and cost elements Substitution rules are used for mass maintenance to internal orders A commitment can be raised on an order when a purchase order or purchase requisition is created A settlement procedure must be specified for all order types An allocation structure allows you to determine whether cost elements must be grouped together and settled using a specific cost element, or if the original cost element can be used for the settlement of true order values .
Select the correct statement(s) When logging on to the R/3 system for the first time, you are required to change your password Your customized personal settings are only available on a particular PC The system menu is standard on all SAP screens The SAP library is one of the help options, it also displays comprehensive help on the current application F1 provides a list of field values or an option to search for the information in the case of an extensive list .
Which of the following statements are True or False You can only have one R/3 session open at a time A client number is not required to log on to the SAP system The help menu is only available when performing a particular task The command field provides general information on the SAP system and transaction or task youre working on The status bar provides general information on the SAP system and transaction or task youre working on You can only create a favorites list containing transactions .
Select the correct statement(s) The Client is the highest legal entity in the SAP system architecture One or many business areas can be assigned to a company code Clients share master records and transaction tables Multiple company codes can be assigned to a single controlling area Company codes using different operational chart of accounts can be assigned to the same controlling area .
Which of the following statements are True or False A controlling area must be assigned to a company code for the purpose of transferring data to cost accounting for further processing Cross company code controlling can be performed when one company code is assigned to multiple controlling areas Business areas must be defined in the SAP organization structure Data for profitability analysis is extracted from the operating concern Company codes assigned to the same controlling area must have the same operational chart of accounts and the same fiscal year variant .
The valuation strategy in the COPA controls. whether costing sheets are used for the valuation. which material calculation is used for the valuation whether the costing sheet within the valuation strategy always refer to the same defined value field. which value fields in the COPA are assigned to the cost component structure.
What does elimination of internal business volume within PCA refer to? Transaction data between two cost centers with the same profit center assignment are not updated in PCA In cross company cost accounting, all internal sales are eliminated Posting from one profit center to another profit center are not updated A setting in customizing that prevents revenue from being updated in the profit center. .
Product cost planning can transfer control as parameter. Transfer control.. can also be used for cross company code posting. can be used as part of the costing run. can be entered in the costing variant and overwritten by the user without customising permissions prevents the costing result from being used for the header material for a price update is used only with cross-plant costing.
What are the mandatory fields in Cost Element masters Description Cost center category Cost element category Person responsible Name.
Which of the statements are true regarding Schedule manager? Tasks are created and assigned to task group Tasks lists are created and assigned to task group Tasks are created and assigned to task group and task group further assigned to task list Task groups are created and asigned to task lists.
What are the mandatory fields in Cost center masters Description Cost center category Cost element category Person responsible.
Which of the folowing steps in not there in ASAP methodology as compared to Solution Manager? Project definition Business Blueprint Realization Final preparation Go live and support.
Solution Manager is the answer for followings , select the right ones How to ensure successful implementation (functional and technical) as well as operation of core business process How to secure the technical installation and operation How to facilitate customers IT dept. and other business units How SAP can ensure continuous improvement of customers business solution How can SAP ensure the best in class support.
For n:1 relation in Controlling area and co.code all co.code can have different Special periods in FYV. True False.
Cost centre assignment in std hierarchy is time dependent t f.
Cost centre category does not controls the transactions t f.
Revenue cost elements are secondary cost elements t f.
Suffix are allowed in std hierarchy t f.
Only true posting can be made to real objects however cost centre is exception t f.
Sender can be any object in periodic reposting t f.
Cycle can not iterate with one another t f.
Formula planning supports manual planning t f.
Overhead can not be applied on statistical order t f.
Overhead rules are defined in overhead costing sheet t f.
Unit costing is more detailed then primary and secondary cost planning t f.
Order with complete status can not be carried forward t f.
Profit centre is not an account assignment object t f.
Dummy profit centre can not be created by copying t f.
Materials are assigned to profit centre at plant level t f.
Task list is central store for all tasks in R/3 t f.
With external use of monitor you can view task list at later stage t f.
Business process definition is part of business blue print t f.
Report painter uses GUI t f.
Report group, library , reporting and DB tables are part of report writer t f.
Report structure of report painter includes row, columns and general data structure t f.
Row includes characteristics value groups where as columns includes basic key figures and also value groups t f.
Report should be included in report group before output t f.
Variables are used for flexible reporting t f.
Report include many sections and each section includes many blocks t f.
Accrued costs can also exist in Controlling t f.
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