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SAP R3 22_67 Management Accounting - T2
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SAP R3 22_67 Management Accounting - T2 Description: SAP R3 22_67 Management Accounting Author: Rahul Other tests from this author Creation Date: 31/10/2020 Category: Others Number of questions: 80 |
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Your organization wants to find out the following: Where is the overhead costs incurred in the organization? How to allocate the overhead costs from different areas to the actual cost causes? Cause based allocation of costs in the form of activities?
How the responsibility areas working efficiently?
Please choose the correct answer. Cost Element Accounting Profit Center Accounting Cost Center Accounting Overhead Cost controlling. We can increase the accuracy of the management accounting data by using validation and Substitution, which of the following statements are incorrect? Please choose the correct answer. We create validation and substitutions for the controlling area and for a particular event. The system checks whether the data entered meets one or more of the conditions defined by user during the time of data entry. Substitution is stronger than validation We use validation to carry out validity checks on objects such as cost elements or cost center. Which of the following views and results does costing based CO-PA provide? There are 2 correct answers to this question. Contribution margin. Cost of sales accounting. Balance sheet statement. Periodic accounting Return on investment. You are creating an FI posting in classic GL with assignment to a CO object? Please choose the correct answer. The posting will only be posted to the original assigned CO object. The posting will be assigned to the dummy profit center. The posting cannot be saved. The posting will be assigned to the top node of the profit center standard hierarchy. Where do you have to activate Commitments Management to enable postings of commitments on cost centers? Please choose the correct answer. In the standard hierarchy In the controlling area In the cost center master record In the cost element master record. In costing, a strategy sequence is used to select a vendor or purchasing info record. The selection criteria are as follows: i) Prices of vendors ii) Source list for material. iii) Purchasing info records. iv) Quota arrangement for material. Please choose the correct answer iv, i, ii, iii i, iv, ii, iii iv, ii, iii, i iii, i, ii, iv. Which of the following statements are correct? Please choose the correct answer. The plant must be assigned to a company code. We can assign more than one controlling area to a given operating concern We can change the assignment of controlling area, operating concern, company code, and plant etc. even if the master data & transaction data has been created We can only assign one company code to a given controlling area. What planning options do you have on internal orders? There are 3 correct answers to this question. Overall planning Activity output planning Top-down planning for order hierarchies Easy cost planning Unit cost estimate. Which of the following is the sequence in make-to-order production? Please choose the correct answer. Sales order→semi-finished product→Raw material -→finished product Raw material→semi finished product→Sales order -→Finished product Raw material→Semi finished product→finished product -→Sales order Sales order→finished product→Semi finished product -→raw material . The assignment of organizational units, company code ,business area or profit center of a cost center can be changed during the financial year only if following criteria is meet: Which of the above statement is not correct? Please choose the correct answer. The cost center has not been assigned to a fixed asset, HR master record or work center The currency of new & old company code is same. The planning data has only been posted in the fiscal year. The transaction data has been posted in the fiscal year. Which of the following views and results do profit center accounting reports in New GL provide? There are 3 correct answers to this question. Cost of goods sold Variance categories of production Fixed and variable cost portions Return on investment Balance sheet statement. Which of the following statement correct with reference to Routing? There are 2 correct answers to this question. The routing consists of only one operation All the above It is the sequence of production steps Production costs are determined through the routing. . Which of the following statement are correct with reference to BOM item? Please choose the correct answer. If relevance to costing indicator is checked the system included the BOM items in the material cost estimate If fixed quantity indicator is not checked the quantity entered is dependent on the lot size. All the above Bulk materials are relevant to costing. What is the purpose of a report group in Report Painter reporting? Please choose the correct answer It improves performance when switching reports via the report-report interface It serves as a template for the creation of new Report Painter reports It adds a report as a subfolder to the standard information system. It defines characteristics that can be used by reports contained in a group. Your customer requires a flexible selection of cost elements when starting a Report Painter report. How can you achieve this? Please choose the correct answer. Use a variable for the cost element group. Use a flexible report variant. Use a predefined report template. Use a row model with predefined key figures. Which of the statements are correct with reference to overhead costs? There are 2 correct answers to this question. The method to allocate direct costs to the cost estimates. We apply a percentage or quantity-based fixed amount to a specified cost base. The rules to apply overhead are summarized in the overhead costing sheets. To determine overheads, we use the indirect costs that were posted to the order. Which of the following are not event based allocations for overhead orders? Please choose the correct answer. Reposting line items. Reposting direct activity allocations. Reposting secondary costs. Reposting costs & revenues Reposting activity allocation. You want to save your previous standard cost center hierarchy from 2015 for reporting purposes and create a new one for 2016. Which name is used for the copied hierarchy? Please choose the correct answer. Original name plus system-defined suffix System-defined prefix plus original name User-defined prefix plus original name Original name plus user-defined suffix. Which of the following statement is correct with reference to assessment? Please choose the correct answer. Activating plan integration with orders and projects Allocation of amounts within CO across company codes. Allocation of Primary and secondary costs from a sender to receiver controlling object. Classifying specific activities provided by a cost center along the cost allocation lines. . You set up a valuation based on a cost estimate in costing-based profitability analysis. To what can you assign the costing key? There are 2 correct answers to this question. Valuation variants The operating concern Products Material types. A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL? Please choose the correct answer. By activating plan integration for profit centers. By defining and execute the equivalent cycles in the New GL. By activating document split for cost centers in New GL By activating the real-time reconciliation between CO and FI. 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 serve as a template for the creation of new Report Painter reports. To assign further reports via the report/report interface. To run reports in costing based profitability analysis. Which of the following statements describe profit centers? There are 3 correct answers to this question Profit centers are sub-units of cost centers. Profit centers are usually structured in the hierarchy by region, function, or product. Profit centers represent an area of responsibility for cost and revenues. Profit centers are the basic organizational units of profitability analysis Profit centers are structured in a standard hierarchy. What are the characteristic of co-products? Please choose the correct answer. We specify it in MRP or costing view of material master A co-product is a valuated product that is produced simultaneously with one or more products. All the above. We turn on the co-product indicator. Which methods are used to derive characteristics in profitability analysis? There are 3 correct answers to this question? PA transfer structure Table lookup Customer enhancement Substitution Derivation rule. Difference between periodic reposting and distributions are There are 2 correct answers to this question. In periodic reposting no partner is updated where during distribution the system also updates the partner in the total record for the sender. For periodic reposting separate credit record is written in the sender cost center whereas for distributions no separate credit record is written in the sender cost center. The distribution is used to transfer primary as well as secondary costs whereas periodic reposting is used to transfer primary costs The performance of periodic reposting is better distribution. You have posted the results of an assessment cycle run, but some of the assigned receivers were incorrect. How can you correct this? Please choose the correct answer. Post a manual cost allocation with the same assessment cost element Cancel the allocation with the original settings before you correct the receiver entries and rerun the cycle Correct the receiver entries and rerun the cycle with a different cycle run group to post only the corrected results to the first run Correct the receiver entries and rerun the cycle. The original run will be canceled automatically. The Planning process of distributing data, which has been planned at one level in CO-PA to the additional levels, based on some reference data. Which of the following represents this type of planning? Please choose the correct answer. Forecasting Bottom up planning. Integrated data distribution. Top down distribution. . You want to calculate overhead rates on an internal order. You have already defined the costing sheet. Which of the following assignments must you perform next? Please choose the correct answer. Assign the costing sheet in the order master data. Assign the costing sheet in the order type. Assign the costing sheet to the valuation variant. Assign the costing sheet to the costing variant. The difference between Planning vs. Budgeting is as below, which statement is not correct? Please choose the correct answer. Planning is cost oriented whereas budgeting is funds oriented The planning change easily where as budgeting is a binding value and new line item created for each changes. Planning is based on approved funds whereas budgeting is based on funds requested. Unutilized budget can be carried forward in subsequent fiscal year but no such function is available in planning. A company wants to prevent postings of more than 5000 EUR on cost centers by generating an error message. What do you recommend? Please choose the correct answer Activating and using availability control for cost centers. Creating a substitution rule in the IMG. Creating a lock amount on the control tab in the cost center master data Creating a validation rule in the IMG. For which of the following postings to costing-based profitability analysis can you carry out a valuation? There are 2 correct answers to this question. For activity allocation. For transfer cost center cost by assessment. For incoming sales orders. For transfer of billing documents. What happens when a confirmations is being done in process order? Please choose the correct answer All the above Withdrawals and consumption of inputs The internal activity allocation Receipt of finished products in stock. You have defined a variable as global variable & the same is being used in repots. Now some changes had been made to this global variable. Which of the statements are correct? Please choose the correct answer. A variable once declared and used cannot be changed The changes will affect the report that are using this variable No effect will be on the report. The changes will affect the report made after the date of the changes. You want to implement Profit Center Accounting in New General Ledger Accounting. Which settings are mandatory? There are 2 correct answers to this question. Profit Center Update scenario Functional area activation Real-time integration between Controlling (CO) and Financial Accounting (FI) Segment Reporting scenario. You are using document splitting in the new general ledger, & you had assigned a default profit center whenever an account assignment is missing in the item. What will be the result of this assignment? There are 2 correct answers to this question. You don’t have to distribute this value at the end of this month The default profit center is derived for each transaction. The default profit center is assigned when the derivation of profit center is not possible during the time of posting the documents. You have to distribute this value at the end of this month. A customer wants to allocate overhead costs to a production order. How can the customer achieve that? There are 3 correct answers to this question. Define an assessment cycle. Use a template. Use a costing sheet. Use routings and work centers. Use indirect activity allocation. Which of the following can you assign in the profitability analysis transfer structure? Please choose the correct answer. Master data to characteristics Source cost elements to allocation cost elements Cost elements to value fields Distribution rules to cost elements. Which of the following are the benefits of products cost controlling? There are 3 correct answers to this question. Support of cost reduction concepts Reduction of scrap Valuation of materials Support of operative decision-making. 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 versions. Use two separate sales order items Use two results analysis keys in the sales order items. If we are using the controlling level Production level, the product cost collector is created for? There are 3 correct answers to this question. Production plant Planning plant BOM/Routing Characteristics Materials . Which Organizational unit provides an environment for analyzing market profitability? Please choose the correct answer. Business Area Operating concern, Company code, Controlling area, . You have defined a variable as global variable & the same is being used in repots. Now some changes had been made to this global variable. Which of the statements are correct? Please choose the correct answer. A variable once declared and used cannot be changed The changes will affect the report that are using this variable No effect will be on the report. The changes will affect the report made after the date of the changes. Document splitting allows you to display documents using a differentiated representation. In the representation, line items are split according to selected dimensions. In this way, you can draw up complete financial statements for the selected dimensions at any time. Which of the following functions are part of document splitting? There are 2 correct answers to this question. Active document splitting: Splitting a document Statistical document splitting: Reporting processes It defines characteristics that can be used by reports contained in a group. Passive document splitting: Clearing and similar processes. You can plan business allocations on your internal order and update the sender cost center automatically. However, when you try to do this in the system, the planned values are not updated on your cost center. What should you check to solve this problem? Please choose the correct answer The integrated planning with cost centers/business processes indicator in the planning version The order category The integrated planning indicator in the planning version The order type The integrated planning indicator in the planning version The order master The integrated planning with cost centers/business processes indicator in the planning version The order master. What is the purpose of material ledger? Please choose the correct answer. The requirement of track the inventories values in more than one currency in SAP ERP. Multi level price determination can calculate the variances that flowed to the higher levels of production process. All the above. Material ledger can be used to revaluate products or raw materials based on actual prices during the period-end closing. What happens when a confirmations is being done in process order? Please choose the correct answer. The internal activity allocation All the above Receipt of finished products in stock Withdrawals and consumption of inputs . You are missing the commitment values for internal orders. Where do you have to activate commitment management to get these values? There are 2 correct answers to this question. In the original order budget In the controlling area In CO version 0 In the order type. A controlling area has been created for more than one company code. Which of the following statement are not correct? Please choose the correct answer. The closing in management accounting is independent of final closing in financial accounting. The profit centre covers more than one company codes. Group costing is required for goods manufactured across the company code. The operating chart of accounts for company codes & controlling area has to be identical. . When do we use Easy cost planning? Please choose the correct answer. It is used for internal service requests Create cost estimates in project systems for work breakdown elements. Appropriation requests in investment management. Ad hoc cost estimates in product cost planning. All the above. You need to allocate various expenses booked to a cost center to profit center via assessment. Which of the following statements are correct? Please choose the correct answer. You can use secondary cost elements as assessment account. None of the above You cannot use secondary cost elements as assessment account. You can able to trace the original account from the receiving object. What the significance is of valuated sales order stock? There are 2 correct answers to this question. Provides a cost component split for the cost of goods sold. Combined quantity and value flow Assembly costs shown without multi-level make-to-production Variances cannot be determined for this production orders . Which of the following Event based postings updates Orders? There are 3 correct answers to this question. General ledger accounts postings Good Issue Goods Receipt Creation of Material Reservations. The difference between Planning vs. Budgeting is as below, which statement is not correct? Please choose the correct answer. Planning is based on approved funds whereas budgeting is based on funds requested. The planning change easily where as budgeting is a binding value and new line item created for each changes Planning is cost oriented whereas budgeting is funds oriented. Unutilized budget can be carried forward in subsequent fiscal year but no such function is available in planning. Which of the following statement are not correct? Please choose the correct answer. For accrual cost calculation using the percentage methods we create overhead structure with following keys i) Calculation bases ii) Overhead percentage rates iii) Credit objects. For accrual cost calculation using the percentage method, you need not create an overhead structure For accrual calculation using the target=actual or the plan=actual methods, you must create the corresponding accrual cost elements The advantage of percentage method over using a recurring entry in the Financial Accounting component (FI) is that accrual is based on the actual costs posted. 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. Consumption posting indicator: Blank Special stock: E Account assignment category: M Special stock: E Consumption posting indicator: E Special stock: Blank Account assignment category: E Special stock: E. How is Work in Process (WIP) calculated on a product cost collector? Please choose the correct answer. Based on the standard cost estimate, independent of the valuation variant settings. Based on target cost, depending on the valuation variant settings. Based on actual cost, depending on the order status. Based on the target cost, depending on the order type settings. 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 one controlling area (n:1). One company code to multiple controlling areas (1:n). One company code to one controlling area (1:1). Multiple company codes to multiple controlling areas (n:n). For which record types can you set up a valuation in costing-based profitability analysis? There are 2 correct answers to this question. K – Cost center assessment F – Billing data B – Direct posting from Financial Accounting X – Activity allocation. What are the period end closing activities for sales order without production i.e. service? There are 2 correct answers to this question. The revenues and costs of the sales are settled to financial accounting and profit center accounting Stocks and reserves are settled to profitability Create a debit memo based on CO line items Result analysis to calculate the costs and revenues of the cost object. In January, you posted a headcount of 10 employees as an actual statistical key figure on a cost center. The key figure is defined as fixed value. In July, the headcount is reduced to 8 employees for the rest of the year. What headcount do you have to post? Please choose the correct answer. 8 in each period July to December. -2 in each period July to December. -2 in period July. 8 in period July. How can you set up segment reporting in the New GL? There are 2 correct answers to this question. By assigning segments in the master record of the cost center. By defining segment master records in the application. By assigning segments in the master record of the profit center. By activating the scenario segment reporting in the customizing. A customer is missing the values for commitments for internal orders. Where does the customer have to activate Commitment Management to get these values? There are 2 correct answers to this question. In the controlling area. In CO version 0 In the order type. In the original order budget. Which planning transactions create secondary costs on the receivers? There are 2 correct answers to this question. Activity input planning Plan distribution Plan assessment Transfer of personnel cost from HR Transfer of depreciations from Asset Accounting. Which of the following are not event based allocations for overhead orders? Please choose the correct answer. Reposting line items. Reposting direct activity allocations Reposting secondary costs. Reposting activity allocation. Reposting costs & revenues . 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. 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.. M–Material L–Subcontracting E–External Activity N–Service F–Internal Activity . Which of the following statement are correct with reference to BOM item? Please choose the correct answer. If relevance to costing indicator is checked the system included the BOM items in the material cost estimate. If fixed quantity indicator is not checked the quantity entered is dependent on the lot size. Bulk materials are relevant to costing. All the above. You are using plan revaluation function in CO Planning. Which of this statement is correct? Please choose the correct answer. It can be used to create a new plan based on planned version or actual version. You do not need to manually rekeying the plan. All the above You can maintain different planned version. When do we use mixed costing in product cost controlling? There are 2 correct answers to this question. Price variances arise when the system updates the mixed price as the moving average price in the material master. When different processes are used to manufacture the same material It is required when we have different sources of supply for purchased material All the above. What are the impacts on an S price controlled material when releasing a material cost estimate? There are 2 correct answers to this question. Previous material movements are revaluated. Existing stock is valuated with the new price. Moving average price is adjusted. New standard price is set. Your customer requires a flexible selection of cost elements when starting a Report Painter report. How can you achieve this? Please choose the correct answer. Use a variable for the cost element group. Use a predefined report template. Use a flexible report variant. Use a row model with predefined key figures. Which of the following is correct with relation to document splitting? Please choose the correct answer. 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 Document splitting is activated for all company code in a client & cannot be deactivated. Which of the following is defined in the PA transfer structure? Please choose the correct answer. Assignment of cost elements to value fields Assignment of master data to characteristics. Assignment of source cost elements to allocation cost elements. Assignment of distribution rules to certain cost elements. Your company is implementing SAP & Chosen Profit Center Accounting. The Transaction of PCA can be stored in several currencies. Which of the following are not correct? Please choose the correct answer. Local Currency. Special Profit center accounting currency. Operating concern currency. Transaction currency. Expenses in Finance which are relevant to cost accounting are recorded in controlling using Please choose the correct answer. Secondary cost elements Secondary expenses elements Primary cost elements Primary expenses elements. 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 one single costing variant to update standard prices per period and company code. 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. 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 first special period in management accounting. The posting will be done in last management accounting posting period The posting will be done in the Second special period in management accounting. No posting will be done in management accounting. Which of the following views and results does costing based CO-PA provide? There are 2 correct answers to this question. Contribution margin. Return on investment Cost of sales accounting. Balance sheet statement. Periodic accounting. You want planning for profit center accounting & for that you need to perform certain configuration. Which of the following statements are correct? Please choose the correct answer. The plan period for planning is copied from the fiscal year variant of company code The planning document type is already activated You have to activate the summary tables The planning layout is by default available for planning. |
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