Only one company can be linked to a single controlling area in project accounting. True. If we need to work with different companies, multiple projects have to be created, as only one company can be assigned to the project structure False. Multiple companies can be linked to a single controlling area in project accounting.
Projects are always unique to a controlling area.
True False.
Some controlling object types used for projects are: Work breakdown structure Network Milestone.
The company uses WBS elements to: Monitor project progress Measure actual costs/dates versus plan from an aggregate level Determine project cost and sales price Execute period end accounting processes such as result analysis and settlement.
Some operative indicators that can be activated for a WBS element are: Planning elements Account assignment elements Revenue elements.
A company can use network activities to automatically schedule and cost work performed by company resources. True False.
Business functions supported by internal activities are: Work Dates Costs Payments.
Organizational structure master data belonging only to Project System module: Controlling area Company code Business area None of the above are correct, as the Project System has no organizational units
of its ow.
Structure - oriented cost planning is the simplest type of cost planning. Select from the following list its characteristics: Cost element type of planning Overall planning value (not depend on specific dates) It can be by fiscal year It can be used in any CO version.
One of the disadvantages when using detailed planning (cost planning by cost element) is that when scheduling your project, you must reschedule the cost plan manually: True False.
Which of the following methods are period dependent: Easy cost planning Detailed planning Structure oriented planning.
Some of the advantages when using easy cost planning are: Cost estimates can be copied when creating copy projects. Easy cost planning can be used with or without planning templates. Cost planning can be easily updated from external applications.
Steps to create planning templates for easy cost planning: Define characteristics – create input screen – define distribution key Define characteristics – create input screen – define derivation rules Define valuation variant – create input screen – define distribution key.
Select some configuration available for easy cost planning in SAP customizing from the following list: Specify several alternative controlling versions Activate Easy Cost Planning in several versions for projects Deactivate Easy Cost Planning for WBS elements.
Which of the following statements are correct: Statistical key figures cannot be planned in project builder. Statistical key figures can only be planned using either transaction CJS2 for WBS elements or CJK2 for network activities. Statistical key figures can be used to plan and monitor related data apart from costs and time.
.
With which organizational element do we combine order type to control if network postings are assigned to an activity or the network header: Controlling area Plant Company code.
Which of the following orders are considered account assignment objects: Network CO order Purchase order.
Hierarchy reports can be used to evaluate assigned orders with the WBS. True False.
If an assigned order is set as appended: Its costs are displayed as planned values for the WBS element in reporting when the order has the status released.
Its costs are displayed as planned values for the WBS element in reporting. Costs of assigned orders are never displayed in WBS elements, as costs are planned manually for the WBS element.
Using networks and activities to plan costs means that: The resulting plan data can be copied to new projects If part of the projects are rescheduled, cost planning is shifted automatically with activities Costs are never planned by cost element and period.
When working with networks, the system allows us to decide which object has to be set as cost object: We can set network header as the cost object Activity assigned networks so that activities are account assignment objects Both header and activities can be set as cost objects for the same operative network.
The key elements for determining the planned costs for an internal activity are: The cost center assigned to the work center The activity type planned for the work allocation Purchasing info record to link the requirement to a vendor with a predetermined price, material group and purchasing group.
Cost element is defaulted for cost activities based on the network profile. True False.
An invoicing plan can be created directly for the following network activities: Internal External Costs.
By assigning a planning profile to the project, we determine: If planned costs are total or annual values The time frame allowed in the past and the future Whether and how availability control should be activated.
Valuation strategy for material component. Identify the right definition: Valuation strategy determines the purpose for which a cost estimate is to be used. Strategy sequence that determines the valuation of the materials used in the cost estimate. Strategy that enables you to define how the control of cost estimation is handled.
Actual values are posted in: Version 000 (plan / actual) Version 1 (plan / actual) Any CO version.
Some customizing related to network costing is: Parameters for network type Network category Network profile.
The valuation variant contains all information that controls the valuation of: Material components External activities Internal activities / processes.
Network costing. Which of the following statements are correct: If a distribution key or work center is not maintained in the activity, an error occurs when saving the project If a distribution key or work center is not maintained in the activity, costs are distributed evenly over the earliest dates in the activity Costs are not distributed if a distribution key or work center is not maintained in the activity. A warning message is displayed when saving the project.
Activity based costing (ABC) supplies strategic information. Select the correct statement: Activity based costing reduces overheads by improving processes Using cost drivers offers an easier method than by using overhead costing sheets, although it provides less information about the processes
.
Travel expenses can be planned using general cost activities. True. Travel expenses and other general costs can be planned using cost activities False. Cost activities can only be used to plan costs when the origin of this costs are still unknown
.
Select revenue planning techniques from the following list: Manual planning or billing plan in billing elements in the project structure. Sales orders assigned are always considered to update the revenue plan for an assigned WBS element and automatically replace WBS billing plan By creating an invoicing plan for an external activity.
The following forms of manual planning are available in the project system: Hierarchical revenue planning Revenue planning by revenue element (detailed planning) Internal activity revenue calculation.
Sales order billing plans can only be created manually. True False.
Milestones can be assigned to: WBS elements Network activities Project definition.
Identify the right statements from the following list: A sales document billing plan will automatically replace the billing plan in the WBS element A billing plan can contain down payment dates If you begin with a billing plan in the WBS element, you must delete that billing plan if you want a sales document billing plan to replace the WBS billing plan.
When using resource-related billing, configuration related to this process should be updated in the: Budget profile Funds profile DIP profile.
“Sales document structure is based on the sales document type” True. Document header may not be available if a specific sales document type is selected False. All sales documents have the same basic structure, with a document header and multiple document items.
Item category determination is accomplished by the combination of:
Item category group (material master data) and customer classification (customer master data) Customer classification (customer master data) and sales document type Item category group (material master data) and sales document type.
The account assignment category can be determined from the requirement class associated with the requirements type assigned to the sales order item.
True False.
DIP profile can be used to: Create quotations For billing To control the process steps for cost planning.
Indicate the correct statements from the following list: If you carry out sales pricing for a project you created without a customer inquiry, call up sales pricing in the project builder. In this case the system determines the sales price based on the data from easy cost planning only If you carry out sales pricing for a project you created without a customer inquiry, call up sales pricing in the project builder. In this case the system determines the sales price based on either the planned costs (totals records) or data from easy cost planning If you create a project due to a customer inquiry, and you wish to calculate the sales price, call up sales pricing using the menu path. The system determines the sales price based on either the planned costs (totals records) or data from easy cost planning.
Work breakdown structures used for planning revenues should be flagged as: Billing elements Planning elements Account assignment elements.
If a project is the controlling object, revenues billed on the sales order items are transferred to: The sales order item and then settled to the project The project The cost center assigned to the sales order item.
The following budget updates can be carried out: Budget supplement Budget return Budget transfer.
Availability control can be carried out: Only against the current budget Only against the released budget Both options are available. When generating budget profile we have to indicate against which budget availability control should be carried out.
Tolerance limits for availability control can be set to generate the following actions: Warning Error with mail to person responsible Error.
Materials. The standard item category N (non-stock item) always leads to: A reservation Direct procurement and a purchase requisition.
Material components in network can be managed in various stocks. Select which of the following can be managed: Project stock Sales order stock Controlling area stock Plant stock.
Procurement for non-valuated project stock, when is the WBS element posted the actual value? When the purchase order is generated At the time of goods receipt When the network activity is confirmed.
The options for project stock in the control tab page of the project definition are : No project stock Valuated project stock Sales order stock.
Project stock option can be modified:
When you create the project, before saving it for the first time Project stock option can be modified throughout project life cycle Project stock option is inherited from project profile, and cannot be modified.
Account assignment category Q means that quantities and values are managed in projects. True False.
Assigning material components to activities initiates: External procurement In-house production Material components assignment is only used for project planning. Procurement has to be triggered manually.
Which of the following statement is correct with stock procurement (valuated project stock): The goods receipt reduces the commitment value of the WBS element The goods receipt posts actual costs to the WBS element.
Values can be displayed in full at each production level:
When working with valuated project stock When working with non-valuated project stock Production values are only displayed in the project once completed.
While assigning material components, the system uses common reference points that are maintained for both components in the BOM and activities for the project. True False.
In the structure information system, you can: Evaluate and edit WBS elements Evaluate and edit activities Evaluate and edit assigned orders None of the above are correct
.
After assigning a material component to a network activity with item category N: Purchase requisition is always generated after saving the project Purchase requisition is always generated after the project is released When generation of purchase requisition is done can be define for each material
component or directly in the network header
.
Business process of procurement of non-stock material component is: Purchase requisition – purchase order – goods receipt – vendor invoice Purchase order – purchase requisition – goods receipt – vendor invoice No purchase requisition can be generated for procurement of non-stock material component. So, first process would always be purchase order.
With non-stock procurement: The invoice from the vendor always represents actual costs for the WBS element The invoice from the vendor is posted with reference to the purchase order or delivery No invoice is generated.
Activity confirmation can be created in which of the following ways: Individually on the detail screen Collective confirmation on the list screen
Using cost element reports Using the cross application time sheet (cats).
When confirming activities, the project is posted with actual costs. The price used for activity allocation is controlled by the valuation variant assigned to the actual costing variant. Actual costing variant is defined in customizing for which of the following parameters: Plant and network type Project profile Planning profile.
When working with cats (cross application time sheet), we can define the configuration of the screen. This can be accomplished by modifying: The data entry profile The key date The personnel selection.
Just after time sheet has been notified, WBS is debited with actual costs. True. Cost center is credited and WBS element is debited just after saving our time sheet. False. Depending on the configuration authorizations may be necessary. In any case, transfer to target component must be done for the WBS element to be debited with actual costs.
The following postings are possible when using execution services: Internal activity allocation Goods issues Sales pricing and resource related billing Purchase requisition
.
Internal activity allocation reposting is used to correct posting errors for incorrect receivers. True False.
Settings that may be relevant for billing in SD are:
The item category The dip profile The budget profile.
In the sales order, the billing plan can contain invoice and down-payment dates. The billing rule controls this procedure. True False.
When generating a billing plan by copying billing milestones of the project, initially a billing lock is imposed on each date. One way of deleting this lock is: Confirming the assigned activity – enter actual dates in the billing milestones Releasing the assigned activity Lock has to be deleted directly from the sales order
.
Some differences between resource related billing and sales pricing are: The follow-up document when using resource related billing is a billing request or credit memo, not a quotation In resource related billing, sources for dynamic line items include actual data such as actual costs. The only difference between these two processes is that resource related billing is executed in an external transaction, while sales pricing is always done through the project builder.
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Assignment to the dip profile can be performed in: Sales order header Project definition DIP profile can only be assigned through customizing parameters, such as project profile and cannot be changed.
You can revaluate activities and business processes at actual prices in which of the following project system objects: WBS elements
Milestones Network activities.
The progress analysis workbench provides a single point of entry from which you can: Update the system of project objects Update the user status of project objects Status of project objects can only be updated in project builder.
When maintaining default measurement methods for progress analysis configuration, we can define a standard method for each object type. It is used if no method is maintained in the object itself. True False.
Result analysis. If the costs affecting the result are different from the actual costs, which of the following scenarios may arise: If the actual costs are more than the costs affecting the result, the difference is posted as work in progress If the actual costs are less than the costs affecting the result, a reserve for unrealized costs is set up Result analysis calculation can only be based on the plan / actual revenues, costs are not relevant.
Result analysis should be calculated for: Account assignment elements Planning elements Billing elements.
A settlement rule is defined in: Bills Sender object Goods receipt Received object.
Settlement rule can be inherited only by those WBS elements that do not have a settlement rule of their own. True False.
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