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SAP CO Description: TFIN20_1 - Part 1/A Author: Vanessa Regina Guirro Gomes Other tests from this author Creation Date: 19/09/2012 Category: Others Number of questions: 19 |
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About Overhead Cost Controlling area (CO-OM): (choose the correct answer) Costs can be posted to cost centers,internal orders, and processes from other SAP R/3 applications (external costs). Cost centers can then allocate costs to other cost centers, to orders, and to processes in Activity-Based Costing. Activity-Based Costing, in turn, can pass costs to cost centers and orders Costs centers can be posted to other cost centers, internal orders, and processes from other SAP R/3 applications (external costs). Internal orders can settle costs to cost centers and to processes in Activity-Based Costing (as well as to other orders). The main components of Management Accounting are used for different tasks and types of analysis: Classify costs and reconcile data > Cost Element Accounting and and reconciliation ledger Control overhead costs and allocate costs > Overhead Cost Controlling and Activity-Based Costing (ABC) Evaluate the cost of goods or services > Product Cost Controlling Analyze profit > Profitability Analysis Analyze success of individual profit centers > Profit Center Accounting Classify costs and reconcile data > Profit Center Accounting and reconciliation ledger Control overhead costs and allocate costs > Overhead Cost Controlling and Product Cost Controlling Evaluate the cost of goods or services > Activity-Based Costing (ABC) Analyze profit > Profit Center Accounting Analyze success of individual profit centers > Profitability Analysis. What others SAP applications can post costs or revenues to Management Accounting? FI > CO-OM FI > CO-PA FI > CO-PC HR > CO LO > CO. Investment Management: Concetrates on functions such as cash management, treasury management, loans and market risk management. Mainly involves the general ledger, processing receivables and payable, and asset accounting. Supports planning, investment, and finance processes for capital investment measures. Offers many tools that can be used to prepare operating data for business analysis and management decisions. SAP Financial Supply Chain Management: Concetrates on functions such as cash management, treasury management, loans and market risk management. Mainly involves the general ledger, processing receivables and payable, and asset accounting. Supports planning, investment, and finance processes for capital investment measures. Offers many tools that can be used to prepare operating data for business analysis and management decisions. Management Accounting: Concetrates on functions such as cash management, treasury management, loans and market risk management. Mainly involves the general ledger, processing receivables and payable, and asset accounting. Supports planning, investment, and finance processes for capital investment measures. Offers many tools that can be used to prepare operating data for business analysis and management decisions. Financial Accounting: Concetrates on functions such as cash management, treasury management, loans and market risk management. Mainly involves the general ledger, processing receivables and payable, and asset accounting. Supports planning, investment, and finance processes for capital investment measures. Offers many tools that can be used to prepare operating data for business analysis and management decisions. Costs from Overhead Cost Controlling (CO-OM) and Products Cost Controlling (CO-PC) can flow into Profitability Analysis (CO-PA). True False. Product Cost Controlling: Take the costings for producing goods and services (and, in certain cases, also their sales revenues) and settles them to financial accounting or to profitability and sales accounting. is used for enterprise planning. It's main focus, however, is the determination of the actual business profit and loss. Two views are always used for this purpose: the external view in the market for analyzing profitability segments (Profitability Analysis) and the internal view of individual parts of the company responsible for profit (Profit Center Accounting). is to take costs that cannot be assigned directly to the goods and services of a company and allocate them as far as is possible according to their cause. Account assignment objects for such costs include cost centers and internal orders, for example. This means that within the planning process it is possible to plan not just costs, but also internal activities that can then be used to calculate prices for the activity types. If, during the course of the year, activities are supplied from the cost centers to other cost centers, or even to the shop floor area of the company, the activities – with the prices valuated – flow to the corresponding receivers (consumers). At the end of the period, the overhead cost object balances are calculated and then allocated to Product Cost Controlling or profitability and sales accounting. Profitability and sales accounting: Take the costings for producing goods and services (and, in certain cases, also their sales revenues) and settles them to financial accounting or to profitability and sales accounting. is used for enterprise planning. It's main focus, however, is the determination of the actual business profit and loss. Two views are always used for this purpose: the external view in the market for analyzing profitability segments (Profitability Analysis) and the internal view of individual parts of the company responsible for profit (Profit Center Accounting). is to take costs that cannot be assigned directly to the goods and services of a company and allocate them as far as is possible according to their cause. Account assignment objects for such costs include cost centers and internal orders, for example. This means that within the planning process it is possible to plan not just costs, but also internal activities that can then be used to calculate prices for the activity types. If, during the course of the year, activities are supplied from the cost centers to other cost centers, or even to the shop floor area of the company, the activities – with the prices valuated – flow to the corresponding receivers (consumers). At the end of the period, the overhead cost object balances are calculated and then allocated to Product Cost Controlling or profitability and sales accounting. The main purpose of Overhead Cost Controlling (CO-OM): Take the costings for producing goods and services (and, in certain cases, also their sales revenues) and settles them to financial accounting or to profitability and sales accounting. is used for enterprise planning. It's main focus, however, is the determination of the actual business profit and loss. Two views are always used for this purpose: the external view in the market for analyzing profitability segments (Profitability Analysis) and the internal view of individual parts of the company responsible for profit (Profit Center Accounting). is to take costs that cannot be assigned directly to the goods and services of a company and allocate them as far as is possible according to their cause. Account assignment objects for such costs include cost centers and internal orders, for example. This means that within the planning process it is possible to plan not just costs, but also internal activities that can then be used to calculate prices for the activity types. If, during the course of the year, activities are supplied from the cost centers to other cost centers, or even to the shop floor area of the company, the activities – with the prices valuated – flow to the corresponding receivers (consumers). At the end of the period, the overhead cost object balances are calculated and then allocated to Product Cost Controlling or profitability and sales accounting. __________ generally refers to the non-standardized accounting approach that supports management decision making. Standardized accounting intended for external users is sometimes referred to as __________. ___________ classifies the costs and revenues posted to Management Accounting. It also enables you to reconcile costs between Management Accounting and Financial Accounting. The _____ in Cost Element Accounting provides reporting functions for identifying the cost and revenue differences between Financial Accounting and Management Accounting. It can also be used for reconciliation postings to Financial Accounting, if necessary. __________ examines the origin of costs in the functional areas of an enterprise. Overhead costs include costs that cannot be directly assigned to a product or a service. It is often difficult to determine what causes overhead costs. Activity-Based Costing (ABC) provides you with more ways to allocate costs. ________ is used to cost and evaluate the cost of goods manufactured for a product and the costs associated with providing a service or when carrying out a project (plan and actual). This component provides tools for a comprehensive analysis of the value-adding processes in an enterprise. ________ deals mainly with analyzing the effects of enterprise activities on the external market. It enables you to determine how successful the enterprise is in different market segments (product divisions, for example) and how profitability has evolved over a period of time. ________ analyzes the success of the profit centers in the enterprise. It can be used to represent the internal market in the enterprise, particularly if multiple valuation approaches and transfer prices are used. |
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