Test sap r3 22_67 management accounting

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Title of test:
SAP R3 22_67 Management Accounting - T3

Description:
SAP R3 22_67 Management Accounting

Author:
Rahul
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Creation Date:
05/11/2020

Category: Others

Number of questions: 80

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A customer wants to allocate internal and external costs, based on statistical key figure values, to the receivers. Which method do you choose? Please choose the correct answer. Overhead calculation Assessment Settlement Distribution.
A customer needs an error message to be displayed when the internal order budget has been exceeded by 15%. How can the customer achieve this? There are 2 correct answers to this question. By entering the budget profile in the order master data. By activating availability control in the controlling area. By entering the budget profile in the order type. By customizing the tolerance limits for the budget profile.
Which of the following statement are correct in reference to primary cost element? Please choose the correct answer. It can be created without the respective general ledger existing in Operational charts of accounts. The posting of primary cost element doesn’t require an object in the management accounting to identify the origin of the costs You need to create expense accounts in financial accounting with corresponding primary cost elements in controlling. An example of primary cost is depreciation of fixed assets, telephone expenses, repair & maintenance expenses in a manufacturing organization.
Which field in the material master determines if the value of the material stock changes when releasing a cost estimate for this material? Please choose the correct answer. Valuation type Valuation class Price control Price determination.
Which of the following statements are correct when we use costing run? There are 2 correct answers to this question. The administrative data in the costing run can be deleted. After a costing run we cannot delete it. Standard cost estimate of a single material in one or all plant Current cost estimate of all materials of a product group.
Which of the following are characteristics of Master Data? There are 2 correct answers to this question. Is a template for transactional data. Is typically assigned to organizational levels. Is used long-term for multiple business processes. Cannot be changed after creation. Must be assigned on client level.
You want to enter items in a reference and simulation cost estimate manually. Which item categories can you use? There are 3 correct answers to this question. E - Internal activity I - Sales order item K - Cost center B - Base planning object M - Material.
When creating an Overhead Cost Order, the first order information which must be entered is: Please choose the correct answer. Settlement type Classification code Order type Order status .
We can use execution services to enter commitments and actual costs for planning items using easy cost planning. Which of the following postings are possible? Please choose the correct answer. All the above. Goods issues Purchase orders Internal activity allocation Direct process allocation.
The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled. Which of the following conditions must be fulfilled BEFORE you can create primary cost elements? Please choose the correct answer. The General ledger account must be defined. The cost center must be defined The plant must be in the system. The controlling area must be defined. .
A customer is using sales order controlling. How are the revenues and cost of goods sold transferred to CO-PA? Please choose the correct answer By settlement. By billing By outbound delivery By results analysis.
How can you credit internal orders at period-end closing? There are 2 correct answers to this question. Use overhead surcharging. Use template allocation. Use settlement. Use periodic reposting.
While you were mapping the customers to specific region in CO-PA you have by mistake mapped the customer to a different region. Now you want to correct this entry as well as the historical transaction of the same. How do you do that efficiently? Please choose the correct answer Use of derivation function Reverse all the transaction & repost it with correct assignment. Use of realignment function All the above.
Periodic reposting.... There are 2 correct answers to this question. Periodic repostings cannot be reversed. The original cost element remains the same during the periodic reposting. We can post primary as well as secondary costs Allocate the cost to corresponding management accounting object .
What selection criteria can be used to copy actuals to a target planning version? There are 3 correct answers to this question. Fiscal year Period Cost centers Cost elements Actual version.
You have created a production order with order quantity for 500kgs. During the month 200kgs of goods has been produced. What will be the system treatment at month end? Please choose the correct answer. The system calculates work in progress for 300kgs remaining in the production order The system does not calculate work in progress for the production order The system calculates variance for the quantity which has been produced The system calculates work in progress for 500kgs.
Where do you determine the price finding strategy for material costing? Please choose the correct answer. Valuation class Price determination Valuation variant Price control.
The differences between Summarization vs. saving reports is as below, which statement is not correct? Please choose the correct answer. Navigation in hierarchies possible in summarization while no navigation in hierarchies is possible in saving. In summarization different reports from same area’s data, while data save according to specific report in saving reports. Quick ad hoc reports in summarization while specific report in saving reports. Navigation in reports not possible in summarization while navigation in reports is possible in saving reports.
Which step in the sales-from-stock process creates the cost of goods sold in account-based profitability analysis (CO-PA)? Please choose the correct answer. Billing Creation of the sales order Outbound delivery with goods issue Confirmation of goods receipt from the customer.
Which of the following statement not correct with reference to overhead costing sheets? Please choose the correct answer. It allows to differentiate overhead cost rates or amounts by material origin. It allows to differentiate overhead cost rates or amounts by plant. It allows to differentiate overhead cost rates or amounts by profit center. It allows to differentiate overhead cost rates or amounts by company code.
A customer wants you to explain the results of the preliminary costing of a production order. How are the results determined? Please choose the correct answer. The costs are determined by the cost estimate of the reference order. The standard cost estimate is copied from the material master and adjusted by the order quantity. The quantity structure in the production order is valuated by the costing variant settings The actual quantities are valuated with plan values.
Which of the following objects can be assigned to asset master record? There are more than one correct answers to this question. Internal order Profitability segment Profit center WBS element Cost center.
Which of the following statement is correct with reference to co-product in SAP? Please choose the correct answer. Co-product increases the cost of main product. The co-products indicator is selected in material master record’s accounting & plant data view The cost for co-products is calculated using cost apportionment structure The co-products has bill of material like any other product.
What are the steps involved before we run a cost estimate for a split valuated material? There are 2 correct answers to this question. Create procurement alternatives based on material type. All the above. Create procurement alternatives based on valuation type for material. Maintain mixing ratios for the procurement alternatives.
Which field in the material master determines if the value of the material stock changes when releasing a cost estimate for this material? Please choose the correct answer. Valuation class Price determination Valuation type Price control.
You want to settle an internal order to cost centers, but the system does not allow you to enter a settlement rule. What do you check? Please choose the correct answer. Whether the PA transfer structure of the order is maintained Whether the costing sheet is maintained Whether the Statistical Order indicator is set Whether the sender and receiver are assigned to the same profit center.
A certain cost element has conflicting cost center assignments in the Default Account Assignment field (cost element master data) and in the Automatic Account Assignment table (IMG). What happens when a document is posted with this cost element? Please choose the correct answer. The system prompts you in a dialog box. The Automatic Account Assignment (IMG) has a higher priority. The Default Account Assignment (cost element master data) has a higher priority. An error message is displayed.
You have set zero balance indicator, as a characteristic for new general accounting. What are its features? Please choose the correct answer. Let you create balance sheet for the characteristic It’s a mandatory configuration. it doesn’t let you create balance sheet for the characteristic It cannot be used in conjugation with document splitting characteristics .
Your company is implementing SAP SRM and SAP SCM in phase 1. They are planning a phase 2 to include SAP CRM and SAP BI. Their goal is to minimize changes & therefore costs. They ask you for an opinion on when to install the Solution Manager. Please choose the correct answer. SAP Solution manager should be implemented between Phase I and Phase II. This would ensure that resources are available. SAP Solution manager should be implement at the beginning of Phase I as it can configure to help systems via roadmaps and it is required by SAP for software maintenance of SAP SCM and the other SAP systems in our landscape. SAP Solution manager should be implemented at the beginning of Phase I as it is only used for project planning & configuration via Roadmaps. If we don’t implement it in phase 1 we should not implement it at all. .
You have been asked to explain the benefits of integrating CO-PA with SAP Business information Warehousing. What are they? There are 3 correct answers to this question. All the above Combining legacy system data with CO-PA data Cross Application reporting Low Volume data Collecting data from different systems.
Your New GL customer uses real-time reconciliation of CO and FI. The customer wants to show the value flow of activity allocations between cost centers assigned to different profit centers. What does the customer have to configure? There are 2 correct answers to this question. Carry out a reconciliation run for activities types in the new GL. Select profit center as a characteristic for real time reconciliation between CO and FI Define a G/L reconciliation account for direct activity allocation Execute the periodic transfer to profit center accounting.
Which of the following functions can you use on statistical internal orders? There are 2 correct answers to this question. Budget and availability control Cost planning Settlement Overhead surcharges.
The depreciation of assets is posted to profit center. Which of this statement is not correct? Please choose the correct answer. The account must be assigned as item categories The “ Depreciation Run” account assignment type for the depreciation area has to be assigned Document splitting criteria has to be activated Depreciationresponse) expense account is defined as a cost element.
A customer using account based CO-PA sells material from stock. How is the 'cost of goods sold' transferred and valuated? Please choose the correct answer. Material costs are taken from the billing document (valuated with cost component structure) Material costs are taken from the goods issue posting (valuated according price control). Material costs are taken from the goods issue posting (valuated with cost component structure). Material costs are taken from the billing document (valuated according price control).
The characteristic of tangible goods are stated below. Which of the following statement not correct? Please choose the correct answer. Productobject. cost estimate can also be used for comparison purpose in cost controlling Materials can be produced in-house, subcontracted or procured externally. The product cost planning is used to arrive at the cost estimate for the same. No inventory exists.
Which of the following statement are correct regarding internal orders? Please choose the correct answer Once an order has been released, only closing entries can be made. Additional order status categories can be created in the order master. Transactions can be allowed or disallowed depending in the order status. Planning transactions are allowed under any status.
How is the preliminary costing of a production order calculated? Please choose the correct answer. The quantity structure in the production order is valuated by the costing variant settings The standard price cost estimate of the material master record is adjusted to the order quantity. The actual quantities are valuated with plan values The costs are determined by the cost estimate of a reference order.
You are using product cost by order. Which of the following statements are correct? Please choose the correct answer. The settlement rule has the settlement type PER Controlling by individual production lots Setup cost is very low For period-end closing a result analysis is performed .
Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed. Which of the following combinations make business sense? Please choose the correct answer. Sender - Cost Center, Order, Project Receiver - Cost Center, Order, Project Sender - Cost Object Receiver - Cost Center, Order, Project, Cost Object Sender - Order Receiver - Cost Center, Project Sender - Cost Center Receiver - Cost Center, Order, Project, Cost Object.
Which of the following is the process sequence of Subcontracting? Please choose the correct answer. Purchase order →Supply of manufactured material→ subcontractor’s invoice Purchase order → manufacture by subcontractor →Supply of manufactured material → subcontractor’s invoice Purchase order → Supply of raw material to subcontractor→ manufacture by subcontractor → Supply of manufactured material → subcontractor’s invoice Purchase Requisition → manufacture by subcontractor ? Supply of manufactured material → subcontractor’s invoice .
Which costing items are valid for a simu-lation costing? There are 3 correct answers to this question. S - Sales order item K - Cost center M - Material E - Internal activity T - Text item.
How can you credit internal orders at period-end closing? There are 2 correct answers to this question. Use overhead surcharging. Use periodic reposting. Use template allocation. Use settlement.
Which of the following statement are correct with reference to group costing? There are 2 correct answers to this question. It shows the contribution of each profit center and business unit to product costs. It can be used even if all companies are not assigned to the same controlling area No separate cost component split is generated for each partner It generates parallel cost component splits for each material with the value added by each partner in the production process. .
To where do you have to assign the costing sheet to enable overhead surcharging for material costing? Please choose the correct answer. The costing version The material master The valuation variant The material cost estimates.
What do cost center categories allow you to do? There are 2 correct answers to this question Determine the usage of cost centers for certain methods of activity allocation. Provide default values for new cost centers (for example, block indicators) Restrict cost center planning to specific cost elements Restrict the assignment of specific activity types Determine the use of cost centers in cost allocations.
You want to calculate additional values for the value fields in costing-based profitability analysis that are not transferred by actual source postings. Which function do you use? Please choose the correct answer. Characteristic derivation Value field derivation Top-down distribution Valuation.
Which of the following statement are correct in context of cost center accounting in an organization? Please choose the correct answer. Valuate semi finished, finished goods realistically Determining the cost incurred within an organization Measuring the cost efficiency at various area of organization Revenues can be posted directly to cost center.
Which of the following statement is not correct in reference to planning layout for costing based CO-PA and account-based CO-PA? Please choose the correct answer. Characteristic Cost element is needed in Account-based CO-PA layout. Same planning layout can be used. Characteristic record type is needed in Costing based CO-PA layout. All the above.
Which of the following statement are correct? Please choose the correct answer. Cost element category controls FI posting only All cost elements are linked to Activity type All Profit and Loss general ledger accounts except tax accounts should be cost element Cost element is a must for all GL accounts.
What are the steps to be taken before we execute an actual costing run? I. Calculate overheads, do a variance calculation and settle the production order. II. Execute actual activity price calculation. III. Execute all the allocation cycles in the cost center accounting module. IV. Revalue all the production orders with the actual activity prices. Please choose the correct answer. I,II, IV, III IV,II, I, III IV,III, II, I III, II, IV, I.
Which steps is not part of indirect activity allocation? Please choose the correct answer. Define keys for the automatic periodic allocation of actual activities. The cost element assignment is taken from the master data. Segment and cycles are used to define sender and receiver relationships The costs are allocated using primary cost element.
You have activated integrated planning from overhead cost controlling to financial accounting for profit center planning. Which of this statement is correct? Please choose the correct answer. The plan version in FI and CO need to be same name The plan version in FI and CO need not be having same name None of the above.
Controlling makes use of two different types of controlling objects, True Controlling Objects & Statistical Controlling Objects. Which of the following are Statistical Controlling Objects? There are 3 correct answers to this question. Statistical internal Orders Projects Cost Centers (for account assignment of revenues) Profit Centers.
Which object can be a direct receiver of a cost center distribution? There are 2 correct answers to this question. Production order Profit center Cost center Internal order.
Which of the following documents cannot be posted for direct activity allocation? Please choose the correct answer. Document manually entered into cost accounting CO documents for time entry. CO documents for confirmations Document entered with more than one cost center.
Where do you determine the price finding strategy for material costing? Please choose the correct answer. Valuation class Price control Price determination Valuation variant.
Which of the following statement are correct with reference to group costing? There are 2 correct answers to this question. It can be used even if all companies are not assigned to the same controlling area It generates parallel cost component splits for each material with the value added by each partner in the production process It shows the contribution of each profit center and business unit to product costs No separate cost component split is generated for each partner.
What are the steps involved before we run a cost estimate for a split valuated material? There are 2 correct answers to this question All the above. Create procurement alternatives based on material type. Create procurement alternatives based on valuation type for material. Maintain mixing ratios for the procurement alternatives.
You are using top down distribution function in CO-PA planning. Which of the following statement are not correct? Please choose the correct answer Distributing data that has been planned at one level in CO-PA, to the additional level based on some reference data It can only be used for automatic planning. Reference data by period or reference data aggregated across the periods Distribute the data from a higher planning level to lower levels.
With reference to the controlling module (CO), which of the following statements are true? There are 3 correct answers to this question. Controlling (CO) and Financial Accounting (FI) are independent components in the SAP system Controlling provides information for management decision-making Controlling can be implemented completely independently of FI One of the main task of Controlling is planning.
Your organization is using process order to manufacture their products. Which of the following statements are correct? There are 3 correct answers to this question. The costs are updated to the order header The operations are relevant to costing Master recipe is used which contains operations and phases One or more materials is required for execution of that step.
Which of the following are the right organizational assignments starting from the top of the organization structure (top-down)? Please choose the correct answer Operating concern, Controlling area, Company code, Plant, Storage location Operating concern, Controlling area, Company code, Storage location, Plant Controlling area, Operating concern, Company code, Plant, Storage location Company code, Operating concern, Controlling area, Plant, Storage location.
Overhead Cost Controlling component enables you to plan, allocate, control, and monitor overhead costs. Which of the following fall under Overhead Cost Controlling? There are 4 correct answers to this question. Cost Element Accounting Activity Based Costing Plant based Costing Cost Center Accounting Internal Orders.
When creating an Overhead Cost Order, the settlement rule must be entered in the control data. Which settlement receivers are available for internal orders? There are 4 correct answers to this question. Orders Asset Vendor General ledger accounts Cost center.
Which of the following statement are correct regarding internal orders? Please choose the correct answer Transactions can be allowed or disallowed depending in the order status. Planning transactions are allowed under any status Once an order has been released, only closing entries can be made. Additional order status categories can be created in the order master.
Which of the following is a typical process sequence for selling products from stock? Please choose the correct answer. Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing Incoming order -> Goods receipt/transport -> Dunning and payment -> Billing Purchase requisition -> Billing -> Transport/goods receipt -> Dunning and payment Incoming order -> Transport/delivery -> Billing -> Dunning and payment.
How is Work in Process (WIP) calculated on a product cost collector? Please choose the correct answer. Based on the target cost, depending on the order type settings Based on the standard cost estimate, independent of the valuation variant settings. Based on actual cost, depending on the order status. Based on target cost, depending on the valuation variant settings.
The valuation of sales order stock is being taken from the material master records. What are the reasons? There are 2 correct answers to this question All the above The production order cost estimate do not exists The customer exits has been not activated for valuation of sales order stock The marked sales order cost estimate exists for the material.
Which of the following are the functions of drilldown reporting? Please choose the correct answer. Display several output area one screen Navigate to detail list Navigate to characteristic with drag and drop All the above.
Report Writer library is a collection of? Please choose the correct answer. Report groups Basic key figures Characteristics Key figures.
You have been asked to create a drill down report based on line items. It permits the use of some characteristics. What are they? There are 2 correct answers to this question The person who created the line item The time the line item was created. Characteristics that are only activated as segment-level characteristics. Characteristics in the segment level.
The following are the steps involved in costing run? i. Price update ii. Costing variant iii. Costing date iv. Company code v. Material selection vi. Execution of costing run Please choose the correct answer. iv ,iii , ii, v, vi, i v ,ii , iii, iv, vi, i vi ,ii , iii, iv, v, i iv ,ii , iii, v, vi, i .
Which step of the sales from stock process creates the cost of goods sold in costing-based CO-PA? Please choose the correct answer. Creating the outbound delivery. Creating the sales order. Creating the transport order. Creating the billing document.
A customer asks you to explain the category price variances received on production orders. What could be the reason for price variances? There are 2 correct answers to this question. The master data of the consumed materials is V price indicated The respective routing has changed. The valuation variants of the cost estimate and the production order are different The activity types were consumed from different cost centers.
The data flows from sales order management to CO-PA. When data are transferred to account- based controlling profitability analysis, it provides the following features: There are 2 correct answers to this question. It can be always reconciled with FI Data transferred as soon as it is created Short term up-to-date data Transferred to cost and revenue elements.
By which distribution rules can you settle an internal order to different receivers? There are 3 correct answers to this question. By formulas. By amounts. By statistical key figures By percentage rates By equivalence numbers.
What are the features of transfer control? There are 2 correct answers to this question. Speeds up the costing process through use of existing cost estimates. Transfer of Cross plant cost estimates is not available. Can be used only for material cost estimate with quantity structure. Avoids the creation of unnecessary material cost estimates. .
What are the typical sequences for planning activities? i. Plan cost automatically ii. Plan primary cost manually iii. Period lock iv. Plan activity outputs and prices v. Plan statistical key figures Please choose the correct answer. i, iii , iv, ii , v iii, v, , iv, ii ,I v, iv , ii , i, iii , v, iii , iv, ii ,I.
The function of drilldown reports are divided into 3 levels, so that each user can be given a functionality which he or she requires. Now you have been asked to assign a user the basic functionality of drill down report & able to send the same to other user via SAPmail. Which version will be assigned to him? Please choose the correct answer. Report level = 0 Report level = 1 Report level = 2 Report level = 3.
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. Use an internal order in addition to the production order. Use a product cost collector in addition to the production order. Adjust the default rule in the default values for the production order type. Adjust the costing type of the plan costing variant.

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