Test sap r3 22_67 management accounting

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Title of test:
SAP R3 22_67 Management Accounting - T1

Description:
SAP R3 22_67 Management Accounting

Author:
Rahul
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Creation Date:
31/10/2020

Category: Others

Number of questions: 80

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When do we use material costing without quantity structure? There are 2 correct answers to this question. When Bill of Material exist for a material to be costed. When the costing is being done using non SAP production planning data. When routing exist for a material to be costed. When we are costing for a new material and updating it prices.
Which of the following organizational unit assignments is correct? Please choose the correct answer. Company code → Plant → Controlling Area → Operating concern Plant → Company code → Controlling Area → Operating concern Company code → Plant → Operating concern → Controlling Area Plant → Company code → Operating concern → Controlling Area.
All the cost incurred in overhead costs controlling can be transferred to CO-PA. Which of the following statement is correct? Please choose the correct answer. Direct allocation on internal activities for into CO-PA for cost centers and business processes can be done. The cost centers and the business processes that are not allocated to inventory can be transferred using periodic assessment. All the above. We can use a PA transfer structure to control the secondary cost elements of activity allocation in the value fields.
Your customer wants to see a P&L statement for profit centers by the cost-of-sales-accounting approach. Which of the following is the minimum requirement? Please choose the correct answer. Create a derivation rule for the functional area. Enter the functional area in the profit center master. Activate profitability analysis. Activate the scenario functional area in New GL.
Which of the following are valid assignments between company code and controlling area? There are 2 correct answers to this question. Multiple company codes to multiple controlling areas (n:n). Multiple company codes to one controlling area (n:1). One company code to one controlling area (1:1). One company code to multiple controlling areas (1:n).
What are the purposes to have multiple costing variants for a material? Please choose the correct answer. Valuation of the planned quantity structure with planned prices. Valuation of current quantity structure with planned prices. Valuation of current quantity structure with current prices. Valuation of actual quantity structure with tax-based and commercial prices All the above.
What are the methods of planning with reference to profit center planning? Please choose the correct answer. All the above. Posting plan data by plan data or simultaneously by transaction from other application Copying existing plan or actual data to plan data. Distribution and assessment of data between profit centers. Manual planning of profit center.
SAP provides scenarios which have to be assigned to general ledger accounting. How many scenarios are provided by SAP? Please choose the correct answer. 1 6 10 12.
Which Organizational unit provides an environment for analyzing market profitability? Please choose the correct answer. Operating concern Company code Business Area Controlling area.
How do you receive the internal activities in the material cost estimate using a logistic quantity structure? Please choose the correct answer. Assign a cost center and its activities to the bill of material. Assign the responsible cost center and its activities directly to the routing header. Assign a cost element with type 43 (internal activity allocation) to the routing operation. Assign a cost center and its activities in the work center of the routing operation.
When an overhead order is created, the settlement rule has must be entered in the control data. Which settlement receivers are not available for internal order? Please choose the correct answer. Order Asset Cost center Customer .
We want to use commitment information on an order, so where we have to activate the commitment management? There are 2 correct answers to this question. Charts of accounts General ledger account Controlling Area Order type.
Excluding the Continuous improvement phase, how many phases are there in the Accelerated SAP roadmap? Please choose the correct answer. 3 4 5 6.
When can we use planned price manually for an activity type? Please choose the correct answer. The rate doesn’t depend on the prices of external suppliers. It is depended on the cost of cost center. It depends on internally produced activities Where the prices required for rates are determined within the organization.
Which of the following statement is correct with reference to activity type? There are 2 correct answers to this question. It classifies the specific activities provided by a cost center along cost allocation line. It serves as tracing factor for this cost allocation. The system calculates the associated cost based on the activity price and generates a credit to the receiver and a debit to the sender for both the quantity and the costs. The internal activity allocation is carried out via primary cost elements, which are stored in master data of the activity type master record.
How can you accelerate the setup of a new Report Painter report? Please choose the correct answer. Use column and/or row models. Reuse drilldown reporting forms. Reuse key figure schemes for drilldown reporting. Use saved layouts of SAP List Viewer (ALV) reports.
You want to perform results analysis on sales orders and 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 results analysis keys in the sales order items Use two requirement classes in the sales order items Use two separate sales order items Use two results analysis versions defined in Customizing.
Which information is transferred when you settle an Internal Order to costing-based CO-PA? Please choose the correct answer. Cost component split of the order cost. Characteristic values of the settlement rule. All information of the internal order master data. Variance categories of the internal order.
What are the organizational entities for which the profit & loss statement and balance sheet can be generated? There are 3 correct answers to this question. Company code and profit center Company code and cost center Company code and business area Profit center and business area .
You want to receive internal activities in the material cost estimate by using a routing. How do achieve this? Please choose the correct answer. Assign a cost center with category "production" to the routing operation. Assign a cost element with type 43 (internal activity allocation) to the routing operation. Assign a cost center and its activities to the corresponding work center. Assign a cost center and its activities directly to the routing header.
You want to define some fields as mandatory in an internal order. How can you achieve this? Please choose the correct answer. Adjust the field selection in the order type. Define a user status in the status profile. Adjust the field status variant in the order layout. Define the fields as mandatory in the model order.
Why is preliminary cost estimate required? Please choose the correct answer. All the above To calculate production variances in variance calculation. To valuate work in progress To valuate the unplanned scrap in variance calculation To confirm the actual activity quantities.
Which of the following is correct with relation to document splitting? Please choose the correct answer. Document splitting is activated for all company code in a client & cannot be deactivated You have to activate Inheritance mandatorily if you are using document splitting All the above The default account assignment can be used to replace all account assignments which cannot be derived.
What is a report group in Report Painter required for? Please choose the correct answer. To serve as a template for the creation of new Report Painter reports. To assign further reports via the report/report interface. To add a report as a sub folder in the Easy Access Menu. To run reports in costing based profitability analysis.
Management accounting provides information to the different requirements of an organization, what are they? Please choose the correct answer. The profitability of individual organizational areas. Which market segment is profitable. Where the costs are originating. All the above. The cost incurred in producing a product or providing a service to organization. .
When do we use additive costing? Please choose the correct answer. When transferring the cost estimates from non-SAP ERP. When we want to add know costs to the material cost estimate with quantity structure that are not contained in the quantity structure. When we can include manual costs for each material price or use only manual costs. All the above.
What status reports does Cash Management and forecasting include? There are 3 correct answers to this question. Bill holdings G/L account balances Cash management position Credit limit report Liquidity forecast .
Cost elements classify an organization’s valuated consumption of production factors within a controlling area. A cost element corresponds to a cost-relevant item in the chart of accounts. Which of the following are types of cost elements? What do you recommend? There are 3 correct answers to this question. Secondary cost elements Revenue cost elements Personnel cost elements Primary cost elements.
Which planning transactions debit receivers with secondary cost elements? There are 2 correct answers to this question. Activity input planning Transfer of depreciations from Asset Accounting Transfer of personnel costs from SAP HCM Plan assessment.
How does material costing support semi-finished and finished materials that are valuated in stock with consistent valuation strategies per company code? Please choose the correct answer. Costing runs to update the standard prices have to run generally under observation of an external auditor You are only allowed to use material cost estimates with quantity structure to update standard prices You are only allowed to use iterative activity prices in material cost estimates which update standard prices You are only allowed to use one single costing variant to update standard prices per period and company code.
Which of the following transactions can generate commitments on CO objects automatically? There are 2 correct answers to this question. Purchase order Purchase requisition Purchasing contract Purchasing quotation.
A customer wants to add overhead cost to a material cost estimate with quantity structure, without changing the BOM and routing. Which options does the customer have? There are 2 correct answers to this question. Template allocation Overhead surcharges Cost element planning Easy cost planning.
How does the decoupling scenario for production orders in combination with a product cost collector work? Please choose the correct answer. Costs are posted to the production order and statistically to the product cost collector. All costs are posted to the production order, which settles to the product cost collector. Costs are only posted to the product cost collector and not to the production order. Costs are posted to the product cost collector and statistically to the production order.
Which of the following are the usage scenarios for Solution Manager? There are 3 correct answers to this question. Operations Optimization Retirement Validation Implementation.
A customer allocates a variety of cost elements from many cost centers to others by distribution cycles. The customer complains about the long duration and runtime. What do you recommend to shorten the runtime? There are 2 correct answers to this question. Use cycle run groups for parallel processing. Use an allocation structure within the distribution cycles. Use assessment instead of distribution. Use iteration within the cycles.
Expenses in Finance which are relevant to cost accounting are recorded in controlling using Please choose the correct answer. Secondary cost elements Primary expenses elements Secondary expenses elements Primary cost elements.
Why do you use variants in reporting? There are 2 correct answers to this question. To predefine values for complex selection screens. To specify parameter values for background processing. To optimize the runtime of a report. To permit quick navigation between CO objects.
Which of the following assignments between company codes and controlling areas are valid? There are 2 correct answers to this question. One company code to one controlling area (1:1) One company code to multiple controlling areas (1:n) Multiple company codes to one controlling area (n:1) Multiple company codes to multiple controlling areas (n:n).
Which of the following statements are correct about cost center? There are 2 correct answers to this question. Cost centers can be assigned to the highest level of the standard hierarchy. Cost centers can be setup up based on functional requirements, allocation criteria, activities or services provided. The standard hierarchy must be created and assigned to the company code. For the purpose of overhead cost controlling, cost center are grouped together in decision, control & responsibilities unit, .
Which are the material master views relevant to costing? There are 3 correct answers to this question. Accounting view MRP view Costing view Forecasting view Basic view .
Which of the flowing statement are correct with reference to assignment of profit centers? There are 2 correct answers to this question. Direct assignment of costs to a profit center is not possible because the profit center is posted as a “shadow object”. When materials are withdrawn from stock on cost center, the profit center for the consumption posting is derived from material master record. Revenues can be directly assigned to profit centers through FI. The profit center of the customer is posted with outgoing invoices. .
What status reports does Cash Management and forecasting include? There are 3 correct answers to this question. G/L account balances Cash management position Credit limit report Bill holdings Liquidity forecast .
Which of the following statement are not correct in reference to real and statistical postings? Please choose the correct answer. Real Postings can be processed & subsequently settled or allocated with other controlling objects. We always make statistical postings to the profit center. We can only make real postings for a cost center The combination of real and statistical postings can be made in management accounting.
Which of the following is the typical sequence of steps in an ASAP roadmap? Business blueprint -> Project preparation -> Final preparation -> Realization -> Go-live and support Project preparation -> Final preparation -> Business blueprint -> Realization -> Go-live and support Project preparation -> Business blueprint -> Realization -> Final preparation -> Go-live and support Project preparation -> Realization -> Business blueprint -> Final preparation -> Go-live and support.
Which of the following is the last step of period-end closing in cost object controlling? Please choose the correct answer. Template allocation Settlement Results analysis Work in progress .
What are the costing results of the material cost estimates? Please choose the correct answer. All the above. Costed Multilevel Cost component split Itemization.
Some object types can support many different object classes and other can support just one. Which of the following assignment defined is not correct. Please choose the correct answer Cost center will always be associated with Overhead costs – OCOST. Sales document will always be associated with Investments – INVST. Cost object will always be associated with Production – PRODT. Reconciliation object will always be associated with Profit and Sales – PROFT.
Which data do you need to set up an accrual calculation with the percentage method? There are 2 correct answers to this question. Accrual allocation cycle with sender receiver segments. Primary cost element (category 3) as accrual cost element. Accrual settlement rules with percentage method. Cost center or internal order (order category 2) as credit object. Secondary cost element (category 31) as accrual cost element.
If you have created time dependent Master data in management accounting, which of the following statement is correct? There are 2 correct answers to this question. When we change the master data fields for a particular timeframe, the system creates a new master record containing the new master record for this period. The cost center assignment to the standard hierarchy area is time dependent field. We have made actual posting in master data in the current fiscal year, now we can reduce the time dependency of master data. We can extend the validity period of a master data record.
Scenario Profit Center Update with real time integration is activated in the New GL. How is the profit center information stored in financial postings to a CO object? Please choose the correct answer. In a separate field in the New GL document. In a reconciliation ledger document. In a separate profit center accounting document. In a separate New GL document.
Which of the following allows you to calculate additional values for value fields in CO-PA, which are not transferred by the actual source postings? Please choose the correct answer. Substitution Costing sheet Results analysis Value field derivation.
PA transfer structure is used in settlement, allocations, direct postings in Management accounting. You have been asked to explain the features of it. What are they? There are 3 correct answers to this question. The assignment must be unique. It contains the assignment of cost and revenue to value fields in costing-based PA. It must be complete It can contain fixed number of "assignment lines".
An extract has been created for a report. Now after that the posting was made in cost center. Now the extract was executed again. What is the output of the report & does it reflect the new posting made? Please choose the correct answer. The report shows the same output as the before without any changes The report shows the new value which includes the posting done The report shows nothing None of above.
There are several master data in CO-PA. This includes Characteristic derivation & valuation. You have been asked to explain the key points of valuation. What are they? There are 2 correct answers to this question. It supplements or overwrites certain automatically mapped values. It can contain CO-PA costing sheets, sales order management pricing procedures, product cost calls, and user exit calls, in a sequence that can be customized. It is mandatory. Valuation strategies must be assigned to record types, point of valuation and plan versions when applicable to be activated .
What is the use of reference and stimulating costing? Please choose the correct answer. It is used to create a material costing for simulation. It is used to calculate a simulated price without material master It is used to calculate a price for internal activities. It is used to update the prices of the reference material. .
What is the difference between distribution and assessments? There are 2 correct answers to this question. Distributions are made using the original primary cost elements; assessments are made using secondary cost elements. Distributions can be made using statistical key figures; assessments cannot. Distribution can be made for both planned and actual figures; assessments cannot. Distributions are used when the original cost information is necessary on the receiver; assessments are used when this information is not necessary on the receiver.
Which of the following Event based postings updates Orders? There are 3 correct answers to this question. Good Issue Goods Receipt General ledger accounts postings Creation of Material Reservations .
For which record types can you set up a valuation in costing-based profitability analysis? There are 2 correct answers to this question. B – Direct posting from Financial Accounting F – Billing data X – Activity allocation K – Cost center assessment.
Which of the following needs to be activated in the New GL to implement profit center accounting for all costs and revenues? There are 2 correct answers to this question. Scenario segment reporting Scenario profit center update Document splitting Real-time integration CO/FI.
How can you achieve periodic controlling when a lot size based production scenario is used by logistics? There are 2 correct answers to this question. Adjust the default rule in the default values for the production order type. Adjust the costing type of the plan costing variant. Use an internal order in addition to the production order. Use a product cost collector in addition to the production order.
What are typical use cases for product cost by period? There are 2 correct answers to this question. High volume production Very flexible production environment Customer-specific production Continuous production.
Which of the following statements are correct? Please choose the correct answer Cost center can be defaulted in all FI line items in all GL accounts Cost center is linked to company code as Chart of accounts is linked to the same company code. Cost center can be defaulted in GL accounts provided it is assigned to company code. Internal order can be defaulted in all FI line items in all GL accounts.
When do we use multi level unit costing? Please choose the correct answer. When we want to cost a new material that is similar to an existing one. When we are creating new material masters or cost estimates for new materials. All the above. When we want to make changes to an existing products.
During market segment planning and sales and profit planning, we can create budgets for sales support measures. How are this data passed on to CO-PA? Please choose the correct answer. The condition record is created as a part of sales agreement. The sales order is created. The billing document is created. All the above.
Suppose the financial accounting & management accounting has same number of posting period, but in financial accounting four special periods have been setup but in management accounting two special periods have been setup. The posting in financial accounting are done for third & fourth special period then what will be the posting in management accounting? Please choose the correct answer. The posting will be done in the Second special period in management accounting. No posting will be done in management accounting. The posting will be done in last management accounting posting period. The posting will be done in the first special period in management accounting. .
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 results analysis versions. Use two separate sales order items. Use two results analysis keys in the sales order items. Use two requirement classes in the sales order items.
Which of the following statement not correct with reference to revaluation? Please choose the correct answer. We can revaluate all cost elements used in the primary cost element and revenue planning. We can increase or decrease planning data on a percentage basis. We can revaluate assessment cost center, imputed cost elements and cost elements used in indirect activity allocation. We can revaluate cost and amounts. .
All the cost incurred in overhead costs controlling can be transferred to CO-PA. Which of the following statement is correct? Please choose the correct answer. We can use a PA transfer structure to control the secondary cost elements of activity allocation in the value fields. Direct allocation on internal activities for into CO-PA for cost centers and business processes can be done. The cost centers and the business processes that are not allocated to inventory can be transferred using periodic assessment. All the above.
Which are the material master views relevant to costing? There are 3 correct answers to this question. Forecasting view Costing view Basic view Accounting view MRP view.
What is a report group in Report Painter required for? Please choose the correct answer. To add a report as a sub folder in the Easy Access Menu. To run reports in costing based profitability analysis. To serve as a template for the creation of new Report Painter reports. To assign further reports via the report/report interface.
Which of the following statements are not correct? There are 2 correct answers to this question. The company codes can include more than one currency. The controlling area can contain only one company code. The company codes assigned to controlling area can have different operational chart of accounts. We cannot allocate costs outside of controlling areas.
What are the prerequisites to calculate overhead costs on an internal order? There are 2 correct answers to this question Assign the costing sheet to the costing variant. Define a costing sheet. Assign the costing sheet in the order master data. Define an overhead key.
Which of the following data do you specify in the definition of costing-based CO-PA? There are 2 correct answers to this question. Controlling area Results analysis methods Characteristics and value fields Chart of accounts Operating concern currency.
Which of the following are not event based allocations for overhead orders? Please choose the correct answer. Reposting costs & revenues Reposting activity allocation. Reposting secondary costs. Reposting direct activity allocations. Reposting line items. .
We want to use commitment information on an order, so where we have to activate the commitment management? There are 2 correct answers to this question. Order type General ledger account Controlling Area Charts of accounts .
What is the name of the infrastructure that supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform? Please choose the correct answer. SAP Exchange Infrastructure SAP Web AS SAP Business Process Management SAP NetWeaver.
How can you set up a valuation based on a cost estimate in costing-based profitability analysis? There are 3 correct answers to this question. By assigning the costing variant to valuation variant By assigning the costing key to material types. By assigning the costing key to products. By assigning the costing key to value fields. By assigning the costing variant in the costing key.
What can you achieve by using a key figure scheme in drilldown reports in profitability analysis? Please choose the correct answer. You can improve the runtime of the drilldown report. You can create summarization levels with predefined key figures. You can access several databases simultaneously. You can calculate lines with subtotals in a drilldown report.
You would like to use product cost controlling by sales orders in a make-to-order (MTO) production with sales order stock. How should you configure the system? Please choose the correct answer. Account assignment category: M Special stock: E Consumption posting indicator: E Special stock: Blank Account assignment category: E Special stock: E Consumption posting indicator: Blank Special stock: E.
Your company is implementing SAP & wants to analyze profit in your organization. You have chosen Profitability Analysis over Profit Center Accounting. What are the reasons for choosing the same? There are 2 correct answers to this question. The data need to be analyzed by period, or project, or by orders. Analyzing the internal Profit and loss of organizational subunit. Analyzing the profitability of segments of your market, structured according to customers, products, orders, etc. and organizational units The data need to be analyzed by period.

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