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ERASED TEST, YOU MAY BE INTERESTED ONJust Practice

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Title of test:
Just Practice

Description:
Just Practice

Author:
AVATAR

Creation Date:
05/04/2021

Category:
Others

Number of questions: 80
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which objects can you settle an internal order using cost element category 21 internal settlement? There are 3 correct answers to this question. There are 3 correct answers to this question. Network WBS Element Asset Sales order Item General Ledger Account.
Which of the following steps are part of the procedure to update the standard price of the material? There are 2 correct answers to this question. Release the cost estimate Archive the cost estimates Split the costs. Mark the cost estimate.
When you create a profit center, what company code(s) is it assigned to by default? Please choose the correct answer. All company codes, irrespective of controlling area All company codes within Controlling area All company codes where profit center is activated All company codes within the operating concern.
For which of the following situations would you need to implement the transfer price solution in SAP S/4HANA? Please choose the correct answer. Response: Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation. Parallel valuation views of the same logistical flows are needed to differentiate between legal and profit center valuation Parallel accounting is needed in order to be compliant with different accounting principles.
You want to set up integrated planning for your internal orders. What do you need to do? There are 2 correct answers to this question. Set the relevant indicator in the internal order master record Set the relevant indicator in the planning profile of the order type. Set the relevant indicator in the controlling area Set the relevant indicators in the CO version.
You want to enable WIP calculation in Product Cost by Period. What do you need to configure? Please choose the correct answer. Response: Valuation variant Variance variant Settlement profile Profitability Analysis (PA) transfer structure.
You have implemented Product Cost by Sales Order in conjunction with revenue based results analysis in your organization. For a particular sales order item, you have the following: - Plan revenue = 3000 - Plan costs = 2000 - Actual revenue = 1200 - Actual costs = 1000 What data does the system calculate during results analysis? Please choose the correct answer Revenue = 1200; Cost of sales = 800; Reserve = 200 Revenue = 1200; Cost of sales = 1000; WIP = 200 Revenue = 1200; Cost of sales = 1000; Reserve = 200 Revenue = 1200; Cost of sales = 800; WIP = 200 .
In which module do you process profit center allocations in SAP S/4HANA? Please choose the correct answer Account-based Profitability Analysis General Ledger Accounting Cost Center Accounting Product Cost Accounting .
What are some of the characteristics of planning internal orders? There are 2 correct answers to this question You can enter costs and revenues Availability control can check against plan values You can define tolerance limits for plan overspend You can plan multiple versions.
What can you configure in the settlement profile? There are 2 correct answers to this question There are 2 correct answers to this question. Determine whether settlement is required. Define a number range for settlement documents. Define document management parameters. Determine an overhead key. .
In SAP S/4 HANA, you have decided to activate only account-based Profitability analysis for your organization. You want to settle costs and revenue of the sales order line item. What to you need to configure? Source Structure Cost Component Structure Allocation Structure PA Transfer Structure .
Which of the following statements are applicable to SAP S/4HANA embedded analytics? There are 2 correct answers to this question. It is part of the core SAP S/4HANA license and uses the same technical stack and user interface It is part of SAP S/4HANA Strategic Analytics tools stack that uses virtual data models for reporting. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analytics Tools for reporting. It uses core data services (CDS) views to create virtual data models (VDMs) for reporting. .
Which functionalities can create primary cost component splits? There are 2 correct answers to this question. Cost center/activity type price calculation Execution of the assessment cycles Settlement of internal orders Business processes price calculation .
What values flow from sales and distribution billing to costing-based Profitability Analysis. There are 2 correct answers to this question. Production variances split by variance categories Values of conditions of the pricing procedure Cost of goods sold split by cost components Value of “Gross Margin 2”.
You are executing an indirect activity allocation. What do you post to the sender and receiver? You post both quantity and cost to the receiver, and cost only to the sender. You post both quantity and cost to the sender, and cost only to the receiver. You post quantity and cost to both the sender and receiver. You post cost only to both the sender and receiver.
Which objects can statistical key figures be applied to? There are 2 correct answers to this question. Functional areas Profit centers Cost centers General ledger accounts.
What master data objects can you Set up using time-based field? There are 2 correct answers to this question. Cost Centers Statistical Key Figures Activity Types Cost Element.
In a standard system delivery, how many characteristics can be added to an operating concern? Please choose the correct answer. 101-150 0-70 71-100 Over 150.
Which of the following objects can be selected in templates for activity-based costing? There are 2 correct answers to this question. Business process Cost center/activity type WBS element Internal order.
In the material master record, there are three planned prices. What do you use them for? Please choose the correct answer To valuate the materials in cost estimates To update the standard price during the release of a standard cost estimate To valuate material stocks To valuate goods movement.
How can you define the overhead rate in a costing sheet? There are 2 correct answers to this question. As lot-based surcharge As equivalence number As percentage rate As quantity-based surcharge.
You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization. For a particular sales order item, you have the following: Plan revenue = 3000, Plan costs = 2000, Actual revenue = 1200, Actual costs = 1000 What data does the system calculate during results analysis? Please choose the correct answer. Revenue = 1200; Cost of sales = 1000; Revenue surplus = 200 Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200 Revenue = 1500; Cost of sales = 1000; Revenue surplus = 300 Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300.
Which statement best describes the Query Browser for reporting? Please choose the correct answer. It is a strategic analytical tool in SAP S/4HANA. It is available as an additional license product in SAP S/4HANA. It is a design studio app that comes as standard SAP Fiori content. It is a desktop browser that integrates with SAP S/4HANA.
Which of the following statements best describe Product Cost by Period? There are 2 correct answers to this question. It is used for joint production with process orders. It is used to analyze work in process based on actual costs. It is used in conjunction with a product cost collector. It is used when the focus of controlling is on a stable and continuous production process.
You want to understand why costs are collected on sales order item level. What do you need to check in the configuration? There are 3 correct answers to this question. Costing type Requirement type Account assignment category Valuation variant Requirements class.
What do you need to set up in order to bring the values from the incoming sales orders into account-based Profitability Analysis? An extension ledger of type “Simulation” A new standard G/L ledger with exclusive usage for prediction. A Multi-Valuation ledger An extension ledger of type “prediction and commitment”. .
You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? There are 3 correct answers to this question. To set the initial status as Created or Released To define users for the order To activate the CO partner update To define the user status To permit or forbid specific transactions.
You are configuring internal order settlement. Where do you define which cost elements should be settled, using either the original or settlement cost elements? Settlement rule Template Allocation structure Settlement profile.
You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use? Distribution Periodic reposting Indirect activity allocation Assessment .
You use a production order with Product Cost by Period and you entered a results analysis key and variance key. How does the system calculate variances in Product Cost by Period? Variances = Target costs - Delivery value - WIP Variances = Actual costs - Delivery value Variances = Actual costs - Delivery value - WIP Variances = Target costs - Delivery value.
How can you configure the transfer price solution in SAP S/4HANA? There are 2 correct answers to this question. Use separate ledgers for each valuation. Use separate segments for each valuation Use separate accounts for each valuation Use separate currency types within the same ledger for each valuation.
You want to configure different cost centers in your company. Which setting in the cost center master data will you use to assign the same attributes to similar cost centers? Functional area Cost center category Activity type Cost center type.
Which attributes can you configure in the activity type master record? There are 3 correct answers to this question. Valid cost center categories Activity type category Company code Price indicator CO version.
What can you manage via the account assignment category? There are 2 correct answers to this question Costing variant Separate sales order stock Product cost by sales order Valuated sales order stock.
Which of the following statements best describe Product Cost by Order? There are 2 correct answers to this question It is used when controlling by individual production lots or discrete quantities is needed It is used when full cost traceability is needed. It is used when you perform repetitive manufacturing It is recommended for products with a long production time. .
You want to maintain a cost component structure. What can you determine for each cost component? There are 3 correct answers to this question. Assignment of cost component to calculation base for overheads in costing sheet Relevance of cost component to results analysis Assignment of cost component to cost component group Relevance of cost component to inventory valuation Relevance of cost component to goods manufactured.
What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? There are 2 correct answers to this question. It can be used with period and/or cost of sales accounting. It is integrated in the universal journal It is possible to derive the profit center from the segment in configuration. It can be used in the settlement rule for internal orders.
To which object do you assign a costing sheet? Cost component structure Valuation variant Costing variant Transfer control.
Why would you use manual cost allocation in Controlling? There are 2 correct answers to this question. To run simple allocations of actual data To run simple allocations of plan data To correct secondary postings To allocate costs using an allocation cycle.
Which statement best describes a cost center standard hierarchy? It represents an organizational unit in SAP S/4HANA where the costs and revenues are incurred and reported. It is grouped together with alternative hierarchies to represent decision control and responsibility units. It enables you to assign the same attributes to similar cost centers within a controlling area It is a structure to which all the cost centers within a controlling area are assigned.
Which field can you select for both reporting in costing-based and in account-based Profitability Analysis? Cost element Value in Controlling Area Currency Record type Version.
You want to set up budget availability control for your projects and internal orders. What can you check using budget availability control? There are 2 correct answers to this question The availability of funds using overall plan value The availability of funds in object currency The availability of funds on period level The availability of funds according to tolerance limits.
You have activated budget availability control for an internal order and entered an overall budget of 10000. Actuals of 10000 were posted in the previous year. You are surprised to realize that a purchase order of 1000 was created for this internal order in the current year. How is that possible? There are 2 correct answers to this question The cost element is exempted from budget availability control The purchase order has NOT generated a budget document yet. The purchase order was entered in a different year than the budget The difference of 1000 is within the tolerance limits defined in the configuration.
You want to use a template to consider overhead during product costing. How do you assign the template to your material? Using a profit center and an overhead key Using an origin group and an overhead group Using a special procurement type and an overhead group Using an overhead group and an overhead key.
What are some of the characteristics of SAP Core Data Services (CDS) views? There are 3 correct answers to this question CDS views support authorizations. CDS views have no latency CDS views are considered system modifications. CDS views have ready-to-use content. CDS views duplicate data for reporting efficiencies.
Which of the following values can be calculated using results analysis? There are 3 correct answers to this question. Work in progress Cost of sales Gross margin Reserves for unrealized costs Cost of goods manufactured.
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? There are 2 correct answers to this question. It can be overwritten in the application It takes precedence over validation and substitution It can be defined for postings on general ledger accounts of secondary costs type It can be defined for postings on general ledger accounts of primary costs type.
In the Product Cost by Order component, what does the system calculate depending on the order status? WIP at target costs or variances WIP at planned costs or variances WIP at actual costs or variances Both WIP and variances or only variances.
How does SAP S/4HANA select line-item-based data for costing-based Profitability Analysis reports? It selects actual data from table ACDOCA and plan data from table COSP It selects actual data from table CE2XXXX and plan data from table CE3XXXX It selects actual data from table CE1XXXX and plan data from table CE2XXXX. It selects actual data from table ACDOCA and plan data from table ACDOCP.
Which default values can you configure for the product cost collector? There are 2 correct answers to this question Costing variant for preliminary costing Results Analysis (RA) version Results Analysis (RA) key Variance variant.
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item? There are 2 correct answers to this question. The material in the sales order item is a service The sales order item is a cost object The sales order item is assigned to a project Profitability Analysis (CO-PA) is activated.
How can you populate local variables in Profitability Analysis reports? By user entry during report execution By user exit By Business Add-In By populating from user parameters.
What are some of the unique attributes of an assessment cycle in Controlling? There are 2 correct answers for this question They transfer primary and secondary costs They transfer only primary costs They use the original cost element during transfer They use a secondary cost element during transfer.
You are considering using commitment management with internal orders. What do you need to do in the configuration? Activate commitment management in both the company code and the order type. Activate commitment management only in the order type. Activate commitment management in both the controlling area and the order type. Activate commitment management only in the controlling area.
You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments? As value fields As divisions As key figures As characteristics.
You create alternative CO versions for your controlling area, in addition to version 0. What would you use additional CO versions for? There are 2 correct answers to this question To store data of parallel valuation To store different plan data To Store data of alternative plan costing runs To store different budget data.
How does the system derive the requirement type from the material master data? There are 2 correct answers to this question. Strategy group -> planning strategy -> requirements class -> requirements type MRP group requirements class -> planning strategy -> requirements type Strategy group -> planning strategy -> requirements type MRP group -> strategy group -> planning strategy -> requirements type.
What parameters can you set up when defining order types? There are 2 correct answers to this question. There are 2 correct answers to this question. Allow revenue postings. Set up work lists. Define document type Define default parameters for master record fields.
How do you maintain number intervals/ranges in Controlling? By posting key By document type By company code By business transactions.
You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle? Template Cycle iteration Sender Cost Objects Tracing factor.
At which level do you define the valuation method for results analysis? Company code Sales organization Operating concern Controlling area.
You want to prevent periodic cost fluctuations. Which activity should you choose to distribute irregular expenses to the relevant periods? Variance calculation Accrual calculation Periodic reposting Cost splitting.
Which scenarios can be covered by the costing run? There are 2 correct answers to this question. Standard cost estimate of all the materials in all plants of a controlling area Current cost estimate of all the materials in all controlling areas Inventory cost estimate of all the materials in one plant Product cost collector cost estimate in one plant.
You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? There are 2 correct answers to this question. The type of the corresponding general ledger account must be primary cost/revenue or secondary cost. The type of the corresponding general ledger account must be balance sheet. Costing-based Profitability Analysis must be active Account-based Profitability Analysis must be active.
You post a billing document in Sales and Distribution (SD). What data flows to Profit Center Accounting? There are 2 correct answers to this question. Payment discount Accruals Order quantity Revenues Sales deductions.
You are implementing SAP S/4HANA and you want to run analytical reports off a single data model. Which statement best describes reporting in SAP S/4HANA? Reporting can be either broad and deep for analysis, or speedy and simple, but not both Reporting on data in real time is difficult, and complex to design Reporting analytical data is always done in a business warehouse system. Reporting on data is available in real-time at every level of detail.
What can you do with statistical internal orders? Settle costs to a cost center. Simultaneously post to a cost center Transfer posting to another internal order. Apply overhead rates to the internal order.
How does SAP S/4HANA capture costs? There are 2 correct answers to this question. Only primary costs are captured in general ledger accounts. All primary and secondary costs are captured by creating them as cost elements. Secondary costs are captured as secondary cost elements, and NOT as general ledger accounts. Primary and secondary costs are captured in general ledger accounts.
You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use? Costing type Costing version Transfer control Reference variant.
What are some of the objectives of Profitability Analysis? There are 2 correct answers to this question. Allow the company to determine if the sales force achieved their contribution margin goals. Provide the company with a detailed view of its financial statements by responsibility units. Allow the company to determine standard costs and revenues according to the period accounting method Provide the company with information on the performance of its market segments.
How do you define the relationship between an operating concern and a controlling area? Many-to-many (N:N) Many-to-one (N:1) One-to-many (1:N) One-to-one (1:1).
You want to create cost centers for your company. What is the prerequisite to building an organizational structure for overhead cost controlling? Cost center categories Functional area Standard hierarchy top node Cost center types.
Which receiver must be allowed in the settlement profile of a product cost collector? Material Cost center Business process Order.
Which type of Profitability Analysis updates the cost of goods sold at the time of delivery? Account-based only Both account-based and costing-based Periodic accounting-based Costing-based only.
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis? By defining the characteristic value in the check table By defining the characteristic value as a key figure By defining the characteristic value in the field catalog By defining the characteristic value as a value field.
At what level do you create the structure of the operating concern? Sales organization level Controlling area level Client level Company code level.
Which statements are relevant to the cost of sales accounting method in profitability management? There are 2 correct answers to this question. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities It aims to match revenues for goods and services against sales-related expenses. It aims to summarize activity and situational change for a given organizational unit over a period of time. It presents the costs and revenues information in a format that is ideal for conducting margin analyses.
You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? There are 2 correct answers to this question. By defining a usage key in the header of the routing By marking the cost indicator in the control key assigned to the operation By assigning a cost center to the work center in the operation By marking the Relevance to Costing indicator in the operation.
Which parameters are controlled by the costing type in a costing variant? There are 2 correct answers to this question Save with date key Price updates Price for materials Costing sheet.
You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity? There are 3 correct answers to this question Cost center Sales order item General ledger account Statistical overhead order Network.
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