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.
Management accounting provides information to the different requirements of an organization, what are they?
Please choose the correct answer. Where the costs are originating. The cost incurred in producing a product or providing a service to organization. Which market segment is profitable. The profitability of individual organizational areas. All the above.
You want to create a new column in a Report Painter report. Which element types can you select?
There are 3 correct answers to this question. Predefined key figures Characteristic values Key figures with characteristics Formulas Row/column texts.
What data do you need to set up an accrual calculation with the percentage method?
There are 2 correct answers to this question. Cost center or internal order (order category 2) as a credit object Secondary cost element (category 31) as an accrual cost element Accrual settlement rules for the cost center Primary cost element (category 3) as an accrual cost element.
How does the decoupling scenario for production orders work when combined with a product cost collector?
Please choose the correct answer. Costs are posted to the production order and settled to the product cost collector at period-end closing. Costs are posted to the product cost collector and posted statistically to the production order. Costs are only posted to the product cost collector and not to the production order. Costs are posted to the production order and posted statistically to the product cost collector.
How can you settle different cost elements of an internal order to different receivers?
Please choose the correct answer. Use a splitting structure. Use a PA transfer structure. Use an allocation structure. Use a source structure.
What are the benefits of new general ledger over conventional general ledger?
Please choose the correct answer. Reconciliation of CO and FI can be carried out in real time 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 All the above.
Which of the following transactions can generate commitments on CO objects automatically?
There are 2 correct answers to this question. Purchasing contract Purchase requisition Purchase order Purchasing quotation.
The item categories are available for cost planning. The lists are given below. Which of them have been defined wrongly?
There are 2 correct answers to this question.. F–Internal Activity E–External Activity M–Material N–Service L–Subcontracting.
What are the requirements to create primary cost component splits?
Please choose the correct answer. Assign a cost component structure in the CO version in cost center and process cost planning. Determine the prices through planned price iteration. All the above Define a transfer structure for the transfer of cost components in cost centers and Activity-based-costing to the cost components. Define a cost component structure for the primary cost component split of product cost planning.
The valuation control for the material can be moving average price or standard price. Which of the below statement is not correct?
Please choose the correct answer. 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 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. 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 prices of a material.
The valuation of sales order stock is being taken from the material master records. What are the reasons?
There are 2 correct answers to this question. The customer exits has been not activated for valuation of sales order stock The marked sales order cost estimate exists for the material The production order cost estimate do not exists All the above.
When creating an Overhead Cost Order, the settlement rule must be entered in the control data. Which settlement receivers are available for internal orders?
There are 4 correct answers to this question. Cost center Orders General ledger accounts Asset Vendor.
Which of the following statements are not correct?
There are 2 correct answers to this question. The controlling area can contain only one company code. The company codes can include more than one currency. The company codes assigned to controlling area can have different operational chart of accounts. We cannot allocate costs outside of controlling areas.
Which of the following statement is correct with reference to orders with revenue?
Please choose the correct answer. Costs can be settled to any receiver. Revenues can be settled to cost center Revenues cannot be settled to general ledger accounts Order can be created like any other overhead order type.
You have been asked to explain the benefits of integrating CO-PA with SAP Business information Warehousing. What are they?
There are 3 correct answers to this question. Low Volume data Cross Application reporting Collecting data from different systems Combining legacy system data with CO-PA data All the above.
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?
There are 2 correct answers to this question. Yes we need to maintain the same again in Profit center accounting Statistical key figures are created at company code level No it is not required Statistical key figures are created at controlling area level.
You want to perform results analysis on sales orders, and you need to use two different methods to reflect different accounting principles such as US-GAAP and IFRS.
How do you achieve this?
Please choose the correct answer. Use two requirement classes in the sales order items. Use two results analysis keys in the sales order items. Use two results analysis versions. Use two separate sales order items.
How can you set up segment reporting in New General Ledger Accounting?
There are 2 correct answers to this question. Define segment master records in Management Accounting. Activate segment reporting in Customizing. Assign segments in the master record of the profit center. Assign segments in the master record of the cost center.
Which of the following statements are TRUE regarding SAP Solution Manager?
There are 2 correct answers to this question. It is the same toolset as ASAP 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 Can only be used to manage business processes on SAP.
Which of the following statements are correct about cost center?
There are 2 correct answers to this question. Cost centers can be setup up based on functional requirements, allocation criteria, activities or services provided. For the purpose of overhead cost controlling, cost center are grouped together in decision, control & responsibilities unit, The standard hierarchy must be created and assigned to the company code. Cost centers can be assigned to the highest level of the standard hierarchy.
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