Test sap r3 22_67 management accounting

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Title of test:
SAP R3 22_67 Management Accounting - T5

Description:
SAP R3 22_67 Management Accounting

Author:
Rahul
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Creation Date:
15/11/2020

Category: Others

Number of questions: 48

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Your customer wants to use a consistent stock valuation strategy for products in each company code. What are the restrictions for standard price cost estimates? Please choose the correct answer. They are only released to the material master data. They are only released to those estimates that use iterative calculated activity prices. They are only released to material cost estimates with quantity structure. They are only released to one costing variant per period and company code.
How would you explain a market segment in CO-PA? What is a market segment in CO-PA? Please choose the correct answer. A predefined value combination for the characteristics delivered by SAP. A certain characteristic combination of predefined values. A certain combination of the defined characteristics and value fields A certain value combination of the defined characteristics.
The valuation control for the material can be moving average price or standard price. Which of the below statement is not correct? Please choose the correct answer. The price changes after each receipt in moving average price whereas the price remains same for standard price. The difference between the planned & actual price is not assigned in material stock in finance for Standard price but for moving average price the material stock in finance reflect the actual prices of a material Price changes in moving average price can’t be monitored but in standard price the same can be observed and monitored. Variance are posted to price difference account in moving average price, but in standard price the variance is not there as a new material price is calculated for each receipt which is an average value calculated from total inventory value & the total quantity of material in stock.
Which of the following allocation methods in cost center accounting use secondary cost elements? There are 3 correct answers to this question. Overhead surcharges Distribution Activity allocation Periodic reposting Assessment.
Which elements can be used in the row and column definition of a Report Painter report? There are 2 correct answers to this question. A combination of characteristics used in the general data selection A combination of a key figure and restricting characteristic values A combination of characteristic values A combination of characteristic values valid for the entire report.
We are using the plan period indicator to specify the date for which the system should look for a valid material cost estimate in the database, for product cost controlling. We want to use the future standard cost estimate, so which option should be choose? Please choose the correct answer. 0 1 2 3 4.
Why is preliminary costing used for product cost collector? There are 3 correct answers to this question. To determine the activity quantity to be confirmed in repetitive manufacturing To calculate actual costs on the basis of preliminary cost to valuate the production and scrap variances To valuate work in progress Costing lot size, BOM and routing of production process used to arrive at preliminary costing.
Which of the following statement is correct with reference to orders with revenue? Please choose the correct answer. Revenues can be settled to cost center Revenues cannot be settled to general ledger accounts Costs can be settled to any receiver Order can be created like any other overhead order type.
While working with account assignments, you need to follow certain rules. Which of the following rules need to be followed? There are 2 correct answers to this question. You can make true revenue posting to a real estate object. The same Controlling Object can be specified as True and statistical in the same posting item In each posting item, you can specify up to four statistical Controlling Objects in addition to the true Controlling Object You need to specify a true Controlling object in each posting item.
Which of the following statements are correct with reference to Statistical key figures? There are 2 correct answers to this question Measurable value applicable to cost centers, Profit centers, internal orders or processes. It is defined either as a fixed value or a total value. Cannot be used for posting plan and actual values. Cannot be used as a tracing factor. .
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. 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. The default profit center is derived for each transaction. You don’t have to distribute this value at the end of this month.
Which of the following statements are FALSE. There are 4 correct answers to this question. Scoping is based on components rather than processes Test cases cannot be reused Documentation in SAP Solution Manager is limited to the documentation types delivered by SAP Accelerators are found in the Knowledge Warehouse in SAP Solution Manager in the form of templates Only Project Managers can use SAP Solution Manager .
You are using product cost by order. Which of the following statements are correct? Please choose the correct answer. Controlling by individual production lots Setup cost is very low For period-end closing a result analysis is performed The settlement rule has the settlement type PER .
Which of the following do you define in the general data selection of a Report Painter report? Please choose the correct answer. User, date, and time of report creation Default values for the definition of rows and columns. Parameters for the report to report interface. Parameters valid for all rows and columns.
Which of the following activities would occur in Phase 2? There are 2 correct answers to this question. Finalizing the project scope End user training Defining and documenting all business requirements, both functional and technical Cycle and integration testing.
A customer wants to perform cost center planning to reflect different expectations for the future. How can the customer create different plans in parallel? Please choose the correct answer. Use different valuation areas. Use different versions. Use different planning areas. Use different costing variants.
The status of production is PDLV. How the Work in progress going to be calculated? Please choose the correct answer. The system calculates the variances The work in progress is the difference between actual costs and the value of good receipt The system does not calculate the work in progress The work in progress is the actual cost to date .
A manual reposting was done in CO for a cost center in Classical GL accounting. What are the results? There are 2 correct answers to this question. The changes results in automatic posting in FI The posting need to be manually updated in FI The posting cannot be saved The posting has to be manually reconciled via reconciliation ledger with FI .
Which of the following are not part of management accounting? Please choose the correct answer. Charts of Accounts Internal Order Cost Center General Ledger ( G/L Accounts) .
What must you define to enable the calculation of work in process (WIP) for production orders? There are 3 correct answers to this question. Results analysis versions Results analysis key Valuation method Valuation variant Overhead key.
What do you define when you set up an operating concern for costing-based profitability analysis? There are 3 correct answers to this question. Value fields Chart of accounts Operating concern currency Functional area Characteristics.
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. Formulas Characteristic values Key figures with characteristics Row/column texts Predefined key figures.
You can use different currencies in the Controlling component (CO). Which of the following currencies are valid in Controlling? There are 2 correct answers to this question. Exchange rate Currency Controlling area currency Object currency.
The production order uses the product cost by period. Which of the following statements are not correct? Please choose the correct answer. Settlement must be performed by period Cost object hierarchy is not possible Variances are calculated by the amount lying after deducting of value for material already confirmed, WIP from the actual cost. Work in progress in calculated at target cost .
Which of the following organizational assignments can be stored in the internal order master? There are 3 correct answers to this question. Storage Location Plant Segment Business Area Profit Center.
You have been asked to explain the assignment of profit center to a sales order item. Which of this is not correct? Please choose the correct answer. The profit center is derived from the material master The profit center is taken from the customer master record The profit center can be set with a substitution based on different fields like business area, plant, storage location, sales area, sales group etc. The profit center can be manually assigned for sales order.
How does the cost and revenue flow to the profit center? There are 2 correct answers to this question. All the above. The profit center is assigned to the cost center master data. The profit center is assigned to material master. The profit center is assigned to sales order .
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 difference cannot be subsequently adjusted to the ending inventories or the consumed products Where the price varies from the standard price, the differences are posted to material account Price fluctuations credit/debit the cost objects. .
What does the planner profile in cost center accounting determine? Please choose the correct answer. The available planning level. The available planning layouts. The required planning sequence. The available planning methods (for example, top-down, forecast).
How would you explain a market segment in CO-PA? What is a market segment in CO-PA? Please choose the correct answer. A certain characteristic combination of predefined values. A certain combination of the defined characteristics and value fields A certain value combination of the defined characteristics. A predefined value combination for the characteristics delivered by SAP.
In customization for costing based CO-PA we assign costs and revenues to the required value field. Match the following sources of value fields. 1 Cost Estimate i. Fixed Cost of Goods Manufactured 2 WBS Elements ii. Freight costs 3 General ledger Posting iii. Research & development costs 4 Production order iv. Estimated bonuses 5 Additional costs v. Production Variances Please choose the correct answer. 1-i., 2-iii.,3-ii.,4-v.,5-iv. 1-v., 2-iii.,3-ii.,4-v.,5-i 1-ii.,2-iii.,3-i.,4-v.,5-iv. 1-iv., 2-ii.,3-iii.,4-v.,5-i. .
A customer wants to perform cost center planning to reflect different expectations for the future. How can the customer create different plans in parallel? Please choose the correct answer. Use different planning areas. Use different versions. Use different valuation areas. Use different costing variants.
Which of the following functions can you use on statistical internal orders? There are 2 correct answers to this question. Cost planning Budget and availability control Overhead surcharges Settlement.
You have created statistical key figures in Cost center accounting, and the same is required in profit center accounting. Do we need to maintain the same? There are 2 correct answers to this question. No it is not required Statistical key figures are created at company code level Yes we need to maintain the same again in Profit center accounting Statistical key figures are created at controlling area level.
The status of production is PDLV. How the Work in progress going to be calculated? Please choose the correct answer. The work in progress is the difference between actual costs and the value of good receipt The system does not calculate the work in progress The system calculates the variances The work in progress is the actual cost to date .
Which of the following statement is correct with reference to orders with revenue? Please choose the correct answer. Costs can be settled to any receiver. Revenues can be settled to cost center Revenues cannot be settled to general ledger accounts Order can be created like any other overhead order type.
You have been asked to explain the assignment of profit center to a sales order item. Which of this is not correct? Please choose the correct answer. The profit center is derived from the material master The profit center can be set with a substitution based on different fields like business area, plant, storage location, sales area, sales group etc. The profit center is taken from the customer master record The profit center can be manually assigned for sales order.
What must you define to enable the calculation of work in process (WIP) for production orders? There are 3 correct answers to this question. Results analysis versions Results analysis key Overhead key Valuation method Valuation variant.
You have created statistical key figures in Cost center accounting, and the same is required in profit center accounting. Do we need to maintain the same? There are 2 correct answers to this question. No it is not required Yes we need to maintain the same again in Profit center accounting Statistical key figures are created at company code level Statistical key figures are created at controlling area level.
You post a document to Financial Accounting with assignment to a cost center. The General Ledger view of the posted document does NOT contain the profit center. What do you need to check to resolve the issue? There are 2 correct answers to this question. Profit center assignment in cost center master data Activation of classic Profit Center Accounting (EC-PCA) Availability of profit center field in table FAGLFLEXT Assignment of "profit center update" scenario to leading ledger.
While working with account assignments, you need to follow certain rules. Which of the following rules need to be followed? There are 2 correct answers to this question. The same Controlling Object can be specified as True and statistical in the same posting item. You need to specify a true Controlling object in each posting item. You can make true revenue posting to a real estate object In each posting item, you can specify up to four statistical Controlling Objects in addition to the true Controlling Object.
What should you do if you want to carry forward unused funds for an order which has commitment & budget to fiscal year? Please choose the correct answer. Carry forward the budget against the order, the commitment will automatically be carried forward Carry forward the commitment against the order, the budget will automatically be carried forward Carry forward the commitment first against the order, and then carry forward the budget. Change the status of order as closed & create a new order in the next fiscal year. .
You have been asked to explain the assignment of profit center to a sales order item. Which of this is not correct? Please choose the correct answer. The profit center can be set with a substitution based on different fields like business area, plant, storage location, sales area, sales group etc. The profit center is derived from the material master The profit center is taken from the customer master record The profit center can be manually assigned for sales order.
You use real-time reconciliation between Controlling (CO) and Financial Accounting (FI) within New General Ledger Accounting. You therefore want to receive a reconciliation posting in FI when you allocate an internal activity between cost centers assigned to different profit centers. How do you fulfill this requirement? There are 2 correct answers to this question. Carry out a reconciliation run for activity types in the new general ledger. Execute the periodic transfer to Profit Center Accounting. Define a general ledger reconciliation account for direct activity allocation. Select profit center as a characteristic for real-time reconciliation.
Which of the following statement correct with reference to component scrap? Please choose the correct answer. All the above. The system increases the lot size. Component scrap is used in MRP to determine the input quantities of component. The system increases the quantity to be produced.
Which of the following activities would occur in Phase 2? There are 2 correct answers to this question. End user training Finalizing the project scope Defining and documenting all business requirements, both functional and technical Cycle and integration testing.
What do you define when you set up an operating concern for costing-based profitability analysis? There are 3 correct answers to this question. Chart of accounts Value fields Functional area Operating concern currency Characteristics.
How is Work in Process (WIP) calculated on a product cost collector? Please choose the correct answer. Based on actual cost, depending on the order status Based on target cost, depending on the valuation variant settings. Based on the standard cost estimate, independent of the valuation variant settings. Based on the target cost, depending on the order type settings.

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