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SAP R3 22_67 Management Accounting - T4
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SAP R3 22_67 Management Accounting - T4 Description: SAP R3 22_67 Management Accounting Author: Rahul Other tests from this author Creation Date: 10/11/2020 Category: Others Number of questions: 80 |
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You are not able to create preliminary cost estimate for the product cost collector. What could be the reason?
Please choose the correct answer.You are not able to create preliminary cost estimate for the product cost collector. What could be the reason?
Please choose the correct answer. You are using controlling level “production version” You are using controlling level “BOM/Routing” You are using controlling level “production Plant/planning plant” None of the above. Which of the following statement is correct with reference to By-product in SAP? Please choose the correct answer. The By-products has bill of material like any other product The cost for By-products is the net realizable value The By-products is mention in bill of material as positive quantity By-product increases the cost of main product. You are using plan revaluation function in CO Planning. Which of this statement is correct? Please choose the correct answer. You can maintain different planned version. You do not need to manually rekeying the plan. It can be used to create a new plan based on planned version or actual version. All the above. You are using cost by sales order. Which of the following statement correct? Please choose the correct answer. Work in progress and reserves calculated by variance analysis Sales order item is a cost object This scenario is only possible for services This scenario is used in make-to-stock production. 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 transaction data has been posted in the fiscal year The planning data has only been posted in the fiscal year. The currency of new & old company code is same. . Which prerequisites must be fulfilled before you can assign a company code to an existing controlling area? There are 2 correct answers to this question. The company code must have the same posting periods as the controlling area. The company code must use the same number of special periods as the controlling area. The company code currency must be the same as the controlling area currency. The company code must use the same operating chart of accounts as the controlling area. Accounting can be divided into internal and external accounting. Which of the following areas are parts of internal accounting? There are 2 correct answers to this question. FI Asset management Overhead cost controlling Product cost controlling . You are using drill down reporting to evaluate data in Profitability analysis and you have defined an exception for an entire column, which of the following functionality is available in the drill down report? There are 2 correct answers to this question. The exception can be applied to entire list of the report. The exception consists of two threshold values. The exception is not visible if we drill down to next level. The exception can be defined on a drill-down list. You have set zero balance indicator, as a characteristic for new general accounting. What are its features? Please choose the correct answer. It’s a mandatory configuration. it doesn’t let you create balance sheet for the characteristic Let you create balance sheet for the characteristic It cannot be used in conjugation with document splitting characteristics . Which of the following statements are correct with relevance to product cost planning? Please choose the correct answer. This can only occur with reference to production order Quantity structure is a must for carrying out product cost planning Automatic costing is not possible in product cost planning We can transfer the quantity structure from a remote system. Which of the following statements are correct? Please choose the correct answer. 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. The plant must be assigned to a company code. You have recommended using frozen data to increase data retrieval speed on some of your routine reports. What are the features of it? There are 2 correct answers to this question. The frozen data can be updated All the above It is reporting data that has been "frozen" at a particular point of time It can be generated from the object level or using summarization data or summarizing levels The data are stored for all the report. A customer wants to allocate the over absorption/under absorption of cost centers source related to receiver. What is the most accurate allocation rule? Please choose the correct answer. Assessment of posted amounts based on any value field of the market segments. Assessment of fixed portions based on statistical key figures of the market segment. Assessment of fixed portions based on any value field of the market segments. Assessment of posted amounts based on any derivation rule of characteristics. Manual cost allocation Please choose the correct answer. Can only be used for actual data only Cannot be used for all cost element categories. Creates a separate credit record in written to the sender. Allows posting of primary & secondary costs manually. Which of the following statement is not correct in reference to statistical orders? Please choose the correct answer. Statistical order is used to evaluate costs which cannot be itemized in details in Cost Element or cost center accounting We can settle statistical orders and apply overhead to them If the statistical order has to be posted cross-company code or cross-business area we do not assign a company code or business area In order master data we can assign cost center to be posted. What is the prerequisite for sales order controlling? Please choose the correct answer. A product cost collector must be assigned to the sales order item The cost object of the sales order item must be created manually in the sales order. A valuated customer order special stock must be assigned to the sales order item. The sales order item must have a cost object assigned by a requirement class. You want to assign quantity-based overhead costs to production orders with controlling objects. Which methods can you use? There are 3 correct answers to this question Periodic reposting Template allocation Direct activity allocation Costing sheet Distribution cycle. Which of the following characteristics can you use to navigate in a CO-PA drilldown report? Please choose the correct answer. Characteristics assigned to SAP NetWeaver Business Warehouse (SAP NetWeaver BW) Characteristics assigned to a reporting library Characteristics of the operating concern Characteristics in the field catalog. The features of Costing variant are detailed below, which of the following are not correct? Please choose the correct answer. Proposes the lot size for the material The validity dates for the costing The price updates permitted or not The prices with which the material, activities, processes are valued. How can you settle different cost elements of an internal order to different receivers? Please choose the correct answer. Use an allocation structure Use a source structure Use a PA transfer structure. Use a splitting structure. Which postings can be triggered by the settlement of a production order? There are 3 correct answers to this question. Balance of the production order to FI. Variance categories to profitability analysis. Work in Process (WIP) to profitability analysis Variance categories to profit centers Work in Process (WIP) to FI. You have activated segment reporting for your company code. What is its prerequisite? There are 2 correct answers to this question You can define own rule to derive the segment during posting. The segment is derived manually from the company code The document splitting procedure is not mandatory You have to allow zero balances for the segment characteristics. When do you calculate variances for a production order with order controlling? Please choose the correct answer After the final confirmation for the last operation After the final delivery of the production order. After the first partial delivery of the production order. At the end of each period, independent of the order status. You are using period accounting approach in profit center accounting. Which of following statements are correct? There are 2 correct answers to this question. It takes into consideration all the cost involved including change in stocks It compares the total costs for the period to the total revenues earned during the same period It takes into consideration of cost incurred for the quantity of goods or services sold. It compares the costs to the corresponding quantity structures of the revenues. Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? There are 2 correct answers to this question Personnel costs have been incurred The posting period has been closed. An order was closed. Materials have been withdrawn. Overhead has been incurred. Periodic reposting.... There are 2 correct answers to this question. We can post primary as well as secondary costs Allocate the cost to corresponding management accounting object The original cost element remains the same during the periodic reposting. Periodic repostings cannot be reversed. The settlement type PER has been used to settle overhead order. What does PER means? Please choose the correct answer. It settles all the cost right up until the settlement period It settles the cost based on the percentage specified. It settles only the cost for the period specified. None of the above. There are two plants in a company code. First plant is the manufacturing plant and another plant is the selling plant. Finished goods are manufactured at the manufacturing plant and transferred to the selling plant. How is standard cost estimate calculated at the selling plant given the fact that the cost at both plants should be same? There are 2 correct answers to this question. All the above The special procurement type must be entered in the costing view or the MRP view. Define the mixing ratios for the material. The special procurement type needs to be configured which specifies in which plant the system look up for cost. Accounting can be divided into internal and external accounting. Which of the following areas are parts of internal accounting? There are 2 correct answers to this question. FI Overhead cost controlling Asset management Product cost controlling. Which master data is required for a direct activity allocation? There are 3 correct answers to this question Secondary cost element Cost center Allocation cycle Activity price Activity type. What data is retained when a material cost estimate with quantity structure is saved? There are 3 correct answers to this question. Log Itemization Extract Cost component split Variance categories. 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. Variances cannot be determined for this production orders Assembly costs shown without multi-level make-to-production Combined quantity and value flow . Which of the following allocation methods in cost center accounting use secondary cost elements? There are 3 correct answers to this question. Distribution Periodic reposting Activity allocation Assessment Overhead surcharges. Which of the following is defined in the PA transfer structure? Please choose the correct answer. Assignment of distribution rules to certain cost elements. Assignment of master data to characteristics Assignment of source cost elements to allocation cost elements. Assignment of cost elements to value fields. Which prerequisites must be fulfilled before you can assign a company code to an existing controlling area? There are 2 correct answers to this question The company code must have the same posting periods as the controlling area. The company code must use the same number of special periods as the controlling area The company code currency must be the same as the controlling area currency. The company code must use the same operating chart of accounts as the controlling area. Which of the following statement are correct with reference to Standard price? Please choose the correct answer All stock posting takes place at moving average price. Price fluctuations credit/debit the cost objects. Where the price varies from the standard price, the differences are posted to material account. Price difference cannot be subsequently adjusted to the ending inventories or the consumed products. Which of the following statements are correct? Please choose the correct answer Cost center can be defaulted in GL accounts provided it is assigned to company code 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. Internal order can be defaulted in all FI line items in all GL accounts. The controlling department requires the production order variances to be settled to profitability analysis. How can you achieve this? There are 2 correct answers to this question Set the Variances indicator in the settlement profile Assign a PA transfer structure to the settlement profile Assign an allocation structure to the settlement profile. Set the To Be Settled in Full indicator in the settlement profile. How is work in process (WIP) calculated for a production order? Please choose the correct answer. Based on the target cost, dependent on the valuation variant settings Based on the plan cost, dependent on the order status Based on the standard price cost estimate, independent of the valuation variant settings Based on the actual cost, dependent on the order status. Which of the following statement is correct with reference to By-product in SAP? Please choose the correct answer. The By-products is mention in bill of material as positive quantity The cost for By-products is the net realizable value The By-products has bill of material like any other product By-product increases the cost of main product. Which of the following statement is true in reference to Financial & Management Accounting? Please choose the correct answer. Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business. Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government & tax authorities Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization. You want to create a new column in a Report Painter report. Which element types can you select? There are 3 correct answers to this question. Row/column texts Predefined key figures Characteristic values Key figures with characteristics Formulas. The above entries were made for purchase of services in finance, but when we call up a balance sheet and profit & loss statement, the system display the amount of 50 Euro on the activities purchase account, but no entry for business area, a functional area, a profit center is displayed. What is the reason? Please choose the correct answer. The assignment of scenarios, to Controlling area is missing The assignment of scenarios, to Company code is missing The assignment of scenarios, to Business area is missing The assignment of scenarios, to General ledger is missing. You carry out a variance calculation on production orders at period-end closing. What reasons could there be for the price variances? There are 2 correct answers to this question. The valuation variants of the standard cost estimates and the production orders are different. The consumed materials have multiple production variants. The consumed materials are defined as moving average price (V). The activity types were consumed from different cost centers. 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 element with type 43 (internal activity allocation) to the routing operation. Assign the responsible cost center and its activities directly to the routing header Assign a cost center and its activities to the bill of material. Assign a cost center and its activities in the work center of the routing operation. You have by mistake the frozen data against reports. What is its implication? There are 2 correct answers to this question. It has deleted the stored frozen data against all the reports. It has not deleted the transaction data in the standard table It has deleted the stored frozen data against specific reports It has deletes the transaction data as well in the standard table . Which of the following statement are not correct in reference to material cost estimates? Please choose the correct answer. Material cost estimates are saved with reference to company code. To value material movement in logistics, the system accesses the costing results. The valuation area determines the organizational level at which the material is valuated. To use material costing it is mandatory to establish each plant as a valuation area. Which of the following activities would occur in Phase 3? There are 3 correct answers to this question. Developing training materials End user training Testing the system to ensure that it meets the specified business requirements Defining the project scope Configuring the system . A customer wants to settle an internal order to cost centers, but receives an error message. What do you check? Please choose the correct answer. The PA transfer structure of the order. The system and the user status. The costing sheet. The sender and receiver to be assigned to the same profit center. In which master record can you enter a profit center directly? There are 3 correct answers to this question. Material master Cost center Cost element Internal order Activity type. 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 planning document type is already activated The planning layout is by default available for planning You have to activate the summary tables The plan period for planning is copied from the fiscal year variant of company code. You are using Costing based Profitability Analysis. Which of the following statements are correct? There are 2 correct answers to this question It is possible to review and post information at the time the sales order in created in the costing based Profitability analysis Cost of goods sold (COGS) is updated in CO-PA at the time of delivery The posting in CO-PA is updated when the billing document is posted. In costing based CO-PA, Value and quantities are stored in value fields. Which of the following statements are not correct? There are 2 correct answers to this question. We cannot allocate costs outside of controlling areas The company codes assigned to controlling area can have different operational chart of accounts The company codes can include more than one currency. The controlling area can contain only one company code. Posting of costs and revenue to CO can result in real or statistical postings, which of the following statement are correct? Please choose the correct answer. Statistical postings can be settled or allocated to other CO objects. Real postings are for information purpose only. One and only one real posting is required in CO Statistical posting contains the information that is transferred to financial accounting for reconciliation. Why should you use extracts in Report Painter reports? Please choose the correct answer For automatic updates when new postings are added. For automatic data aggregation. To reduce use of space in the database. To reduce runtime. Which of the following statements are correct? Please choose the correct answer 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. The plant must be assigned to a company code We can assign more than one controlling area to a given operating concern We can only assign one company code to a given controlling area. . How can you allocate the entire over/under absorption of a cost center to profitability analysis? Please choose the correct answer. Use distribution Use periodic reposting Use assessment Use template allocation. Which of the following statements are correct for default or automatic account assignment? Please choose the correct answer The assignment objects for default account assignment takes priority over the automatic account assignments. We maintain default account assignment in customizing, whereas we maintain automatic account assignments in the cost element master record. We can define automatic or default account assignments for posting of the primary cost element type For automatically generated postings automatic or default account assignments are not required. . Which of the following is the sequence of step in sales process? Please choose the correct answer. Quotation→Sales order→Delivery→Payment→Billing Quotation→Delivery→Sales order→Payment→Billing Quotation→Sales order→Delivery→Billing→payment Billing→Delivery→Quotation→Payment→sales order. The material valuation for a material is ‘V” i.e. moving average price. The opening stock for the material is 100 Kg and the material value is $ 1000, there has been a subsequent receipt of 50 kg of material at $15 per kg. Subsequently 120 kg material is issued for production. The supplier sends the invoice of 50kg supplier at $20 per kg. What will be the effect on entry for the said invoice finance? Please choose the correct answer. No posting will be passed to the material account The price difference of $5 per kg will be posted in material account The price difference of $5 per kg will be posted in price difference general ledger account The price difference of $5 per kg will be posted in material account for the quantity in stock lying in inventory & the rest will be posted in price difference general ledger account. Why do you use variants in reporting? There are 2 correct answers to this question To predefine values for complex selection screens. To permit quick navigation between CO objects. To optimize the runtime of a report. To specify parameter values for background processing. In which master record can you enter a profit center directly? There are 3 correct answers to this question. Cost center Cost element Activity type Internal order Material master. Which of the following statements are TRUE regarding SAP Solution Manager? There are 2 correct answers to this question. It is the same toolset as ASAP Supports customers in ALL project phases, from creating a blueprint to configuring business processes and testing through support of the live environment It is an integrated platform that controls both implementation and operation of the live system Can only be used to manage business processes on SAP. Which of the following statements are FALSE? There are 2 correct answers to this question. SAP Solution Manager is only used during the implementation phase of a project The Knowledge Warehouse contains numerous accelerators Any person can access project documentation in SAP Solution Manager New business process procedure can be created from a standard template . What is the advantage of using a key figure scheme in drilldown reports in profitability analysis? Please choose the correct answer. The key figure scheme allows the calculating of lines with subtotals in a drill down report. The key figure scheme allows quick access to predefined key figures in the database. A key figure scheme allows for simultaneous access to different databases. A key figure scheme improves the runtime of the drilldown report. You have been asked to explain the benefits for using the product cost by period. What are they? There are 2 correct answers to this question Lot based controlling is needed It is used when the production volume is low & discrete Costs are collected on product cost collectors For period-end closing, work in progress is calculated in target costs and variances simultaneously. Which of the following statements are correct? Please choose the correct answer. 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 assign more than one controlling area to a given operating concern. The plant must be assigned to a company code. We can only assign one company code to a given controlling area. . Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? There are 2 correct answers to this question. Overhead has been incurred Personnel costs have been incurred. Materials have been withdrawn. The posting period has been closed. An order was closed. When you create an internal order, what is derived from the order type? There are 2 correct answers to this question. Model or reference order default entries Settlement rule Settlement profile Controlling area. What does the SAP NetWeaver Application Server (SAP NetWeaver AS) provide? Please choose the correct answer. J2EE and ABAP in a single environment Real-time data exchange with all SAP systems Master data harmonization across SAP NetWeaver Storage of all transactional documents in one single database. There are different views in material master which are relevant to different functional areas. No. Material Master view No. Attributes of material 1 Accounting view I Material valuation 2 Costing view II Material price control 3 MRP View III Account determination IV Cost object controlling V Scrap factors VI Production version Match the following attributes available in the relevant view. Please choose the correct answer. 1–II,III , 2–I,IV, 3–V,VI 1–I,II,III , 2–IV, 3–V,VI 1–I,II, 2–III,IV, 3–V,VI 1–I,III, 2–II,IV, 3–V, VI . Which of the following order types are internal orders? There are 3 correct answers to this question. CO production orders. Capital investment orders for creating assets Maintenance orders. Sales orders for make-to-order function. Which of the following statements correct with reference to product cost collector? There are 2 correct answers to this question. Costing by lot size is required for product cost collector All the costs for a material during the month is debited to a single product cost collector Product cost collector is a single order created for a material It is a cost object for collecting production costs for manufactured product . How can you set up segment reporting in New General Ledger Accounting? There are 2 correct answers to this question. Assign segments in the master record of the profit center. Activate segment reporting in Customizing. Define segment master records in Management Accounting. Assign segments in the master record of the cost center. Which of the following statement are correct? i) Direct activity allocation deals with the measurement, posting and allocation of an organizational activity. ii) We need to create an activity type to directly allocate activity. iii) More than one cost center can be the sender of an internal activity allocation & the receiver can be any real management accounting object. iv) During direct activity the sender cost center are debited and the receiving cost object are credited. Please choose the correct answer. Only i Both iii & iv Both i & iii Both ii & iii Both i & ii . Which of the following documents cannot be posted for direct activity allocation? Please choose the correct answer. CO documents for confirmations. CO documents for time entry. Document entered with more than one cost center Document manually entered into cost accounting . You have been asked to create a Profit center for your organization. Which of the following statements are correct? Please choose the correct answer The profit center master data cannot be changed once it is created. You have to define a standard hierarchy structure before creating profit center. The profit center is defined at a company code level You cannot exclude any company code from assignment of profit center. Which of the following statement is not correct? Please choose the correct answer. We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads. We can post both planned as well as actual statistical key figures. The fixed value statistical key figure is posted in the period in which it is entered. What do you valuate in the inventory cost estimate? Please choose the correct answer. Current quantity structure with the planned prices Current quantity structure with the current prices Current quantity structure with the tax-based prices and the commercial prices Planned quantity structure with the planned prices. What is the prerequisite for sales order controlling? Please choose the correct answer The cost object of the sales order item must be created manually in the sales order. A valuated customer order special stock must be assigned to the sales order item. The sales order item must have a cost object assigned by a requirement class. A product cost collector must be assigned to the sales order item. |
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