Font size
WorksheetsSAP - CO
Total questions: 80
Worksheet time: 7hrs 40mins
Which processes split costs into their primary cost components?
Note: There are 2 answers
Execution of the assessment cycles
Business process price calcultaion
Settlement of internal orders
Cost center/Activity type prices calculation
You post a billing document for a sales order with sales order controlling. What data flows to Profit Center Accounting?
Note: There are 2 answers
Sales deduction
Order quantity
Payment Discount
Revenues
What are some of the characteristics of Profit Center Accounting in SAP/S4 HANA?
Note: There are 2 correct answers
It can be used in the settlement rule for internal order
It is integrated with the universal journal
It can be used with period and/or cost of sales accounting
It is possible to derive the profit center from the segment in configuration
Which scenarios can be covered by one single costing run?
Note: There are 2 correct answers
Inventory cost estimate of all materials in one plant
Standard cost estimate of all the materials in all plants of a controlling area
Current cost estimate of all the materials in all controlling area
Product cost collector cost estimate in one plant
Which receiver must be allowed in the settlement profile of product cost collector?
Cost center
Material
Order
G/L Account
How can you configure the transfer price solution in SAP S/4 HANA?
Note: There are 2 correct answers
Use separate segments for each valuation.
Use separate currency types within the same ledger for each valuation.
Use separate ledgers for each valuation
Use separate CO versions for each valuation
To which object can you settle an internal order using cost elements with cost element category 21 (internal settlement)
Note: There are 3 correct answers
Sales order item
WBS element
General ledger account
Network
Asset
You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization
For a particular sales order item, you have the following:
Plan revenue = 3000; Plan costs = 2000 Actual revenue = 1200; Actual cost=1000 What data does the system calculate during results analysis?
.
"Revenue = 1500; Cost of sales = 1000; Revenue surplus =300"
"Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200"
"Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300"
. "Revenue = 1200; Cost of sales = 1000; Revenue surplus =200"
What values flow from Sales Distribution billing to cost-based Profit Analysis?
Note: There are 2 correct answers
Cost of goods sold split by cost element
Value of "Gross Margin 2"
Production variances split by variance categories
Value of conditions of pricing procedure
How does SAP S/4 HANA capture costs?
Note: There are 2 correct answers
Secondary costs are captured as secondary cost element, and not as general ledger accounts.
Primary and secondary costs are captured in general ledger accounts
All primary and secondary costs are captured by creating them as cost elements
Only primary costs are captured in general ledger accounts.
How can you define the overhead rate in costing sheet?
Note: There are 2 correct answers
As equivalence number
As quantity based surcharge
As lot-based surcharge
As percentage rate
What can you manage via the account assignment category?
Note: There are 2 correct answers
Separate sales order stock
Costing variant
Valuation of separate sales order stock
Product cost by sales order
Which of the following statements are applicable to automatic accountant assignment in SAP S/4 HANA?
Note: There are 2 correct answers
It can be overwritten in the application.
It can be defined for postings on general ledger accounts of secondary costs type.
It takes precedence over validation and sustitution
It can be defined for postings in general ledger accounts of primary costs type
You are running an indirect activity allocation. What do you post to the sender and receiver?
You post only cost to both the sender and receiver.
You post quantity and cost to both the sender and the receiver
You post both quantity and cost to the sender, and cost only to the receiver
You post both quantity and cost to the receiver, and cost only to the sender.
Which of the following statements best describe Product Cost by Order?
Note: There are 2 correct answers
It is used when you perform repetitive manufacturing
It is recommended for products with a long production time.
It is used when full cost traceability is needed
It is used when controlling by individual production lots or discrete quantities is needed
Which of the following statements apply to SAP S/4 HANA embedded analytics?
Note: There are 2 correct answers
t is hosted on the SAP Cloud Platform and integrate seamlessly on the SAP S4/HANA on the Fiori Launchpad.
It is the core SAP S/4 HANA license and users the same technical stack and user interference
It uses core data services (CDS) views to create virtual data models (VDMs) for reporting
It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analysis Tools for reporting.
Which setting in the cost center master data do you use to assign the same attributes to similar cost center?
Cost center category
Cost center type
Object class
Standard hierarchy node
You are implementing SAP S/4 HANA and you want to run analytical reports of a single data model. Which statement best describes reporting in SAP S/4 HANA?
Reporting can be either broad and deep for analysis, or speedy and simple, but not both.
Reporting on data in real time is difficult, and complex to design.
Reporting on data es available in real-time at every level of detail
Reporting analytical data is always done in a business warehouse system.
You want to run an assessment cycle in profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following is part of the assessment cycle?
Cycle iteration
Tracing factors
Sender cost objects
Template
Which of the following values can be calculated using result analysis?
Note: There are 3 correct answers
Cost of sales
Reserves for unrealized costs
Cost of goods manufactured
Gross margin
Work in progress
At what level do you create the structure of the operating concern?
Sales organization level
Controlling area level
Client level
Company code level
How does SAP S/4 HANA determine if a characteristic value is valid in Profitability Analysis?
By defining the characteristic value as a value field
By defining the characteristic value in the field catalog
By defining the characteristic value in the check table
By defining the characteristic value as a key figure
In SAP S/4 HANA you have decided to activate only account-based profitability analysis for your organization. You want to settle costs and revenue of a sales order item to a profitability segment. What do you need to configure?
Source structure
Allocation structure
Cost component structure
PA transfer structure
You are considering using commitment management with internal orders. What do you need to do in the configuration?
Activate commitment management in both the controlling area and the order type
Activate commitment management in the controlling area, the order type, and in individual internal order master data
Activate commitment management in both the version and the order type.
Activate commitment management only in the controlling area
Which default values can you configure for the product cost collector?
Note: There are 2 correct answers
. Result Analysis (RA) Version
Result Analysis (RA) key
Cost variant for preliminary costing
Variance variant
At which level do you define the valuation method for results analysis?
Controlling area
Company code
Plant
Operating concern
You have activated budget availability control against the overall value for an internal order and entered an overall budget of 10000. Actuals of 10000 were posted in the previous year. You are surprised to realize that a purchase order 1000 was created for this internal order in the current year. How is that possible? Note: There are 2 correct answers to this question
The purchase order has NOT generated a budget yet
The purchase order was entered in a different year than the budget.
The cost element is exempted from budget availability control
The difference of 1000 is within the tolerance limits defined in the configuration
You are setting up costing-based Profitability Analysis for your organization. How do you configure the different market segments?
As divisions
As value fields
As key Figures
As characteristics
How do you maintain number range intervals in Controlling?
By account type
By cost element category
By business transactions
By document type
You would like to allocate primary and secondary costs from a cost center to another cost center. Which allocation method will you use?
Assessment
Distribution
Periodic reposting
Direct activity allocation
You are creating new activity type and want to maintain plan prices for cost center. Which attribute must you configure in the activity type master record?
Note: There are 3 correct answers
CO version
Valid cost center categories
Company code
Price indicator
Activity type category
Which of the following objects can be selected in templates for activity-based costing?
Note: There are 2 correct answers
Cost center/activity type
Internal Order
WBS element
Business process
In the material master record there are three planned prices: "Planned prices 1", "Planned prices 2" and "Planned prices 3" What do you use them for?
To valuate goods movement
To valuate the materials in cost estimates
To valuate material stocks
To update the standard price during the release of a standard cost estimate
You want to maintain a cost component structure. What can you determine for each cost component? Note: There are 3 correct answers
Relevance of cost component to inventory valuation
Assignment of cost component to calculation base for overheads in costing sheet
Relevance of cost component to results analysis
Relevance of cost component to goods manufactured
Assignment of cost component of cost component group
In which module do you process profit center allocations in SAP S/4 HANA?
Product cost accounting
General ledger accounting
Account-based profitability analysis
Cost center accounting
You want to derive the profitability segment for a line item in the universal journal using SAP S/4 HANA standard configuration. What requirements must be fulfilled?
Note: There are 2 correct answers
Costing-based Profitability Analysis must be active.
Account-based Profitability Analysis must be active
The type of the addressed ledger must be an extension ledger
The type of the general ledger account must be primary cost/revenue or secondary cost
Which type of Profitability Analysis updates the cost of goods sold at the time of delivery?
Periodic-accounting based
Both account-based and costing-based
Account-based only
Costing-based only
What parameters can you set when defining order types?
Note: There are 2 correct answers
Define document type
Define default parameters for master record fields
Define source structure.
Allow revenue postings
You want to enable WIP calculation in Product Cost by Period. What do you need to configure?
Settlement profile
Valuation variant
Profitability Analysis (PA) transfer structure
Variance variant
You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use?
Costing type
Reference variant
Transfer control
Costing version
You want to set up integrated planning for your internal order. What do you need to do? Note: There are 2 correct answers
Set the relevant indicators in the CO version
Set the relevant indicator in the controlling area.
Set the relevant indicator in the planning profile of the order type.
Set the relevant indicator in the internal order master record
You want to understand why cost are collected on sales order item level. What do you need to do in the configuration?
Note: There are 3 correct answers
Requirement type
Requirements class
Valuation variant
Costing type
Account assignment category
Which statements are relevant to the cost of sales accounting method in profitability management?
Note: There are 2 correct answers
It presents the costs and revenues in a format that is ideal for conducting margin analysis
It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.
It aims to summarize activity and situational change for a given organizational unit over a period of time.
It aims to match revenues for goods and services againts sales-related expenses
How do you define the relationship between an operating concern and a controlling area?
Many-to-many (N:M)
Many-to-one (N:1)
One-to-many (1:N)
One-to-one (1:1)
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item?
Note: There are 2 correct answers
The sales order item is a cost object
Profitability Analysis (CO-PA) is activated
The material in the sales order item is a service.
The sales order item is assigned to a project
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
Value in Controlling Area Currency
Version
Record type
Cost element
You want to use template to consider overhead during product costing. How do you assign the template to your material?
Using an overhead group and an overhead key
Using a profit center and an overhead key
Using an origin group and an overhead group
Using a special procurement type and an overhead group
You want to use budget availability budget for your projects and internal orders. What can you check using availability budget control?
Note: There are 2 correct answers
The availability of funds using overall plan value
The availability of funds according to the tolerance limits
The availability of funds in object currency
The availability of funds on period level
You are configuring internal order settlement. What do you define which cost element should be settled, using either the original settlement cost elements?
Credit component (of the costing sheet)
Allocation stucture
Settlement profile
Settlement rule
Why would you use manual cost allocation in Controlling?
Note: There are 2 correct answers
To run simple allocations of actual data
To run simple allocations of plan data
To correct secondary postings
To allocate costs using an allocation cycle
What does SAP S/4HANA select line-item-based data for costing based Profitability Analysis reports?
It select actual data from table CE2XXXX and plan data from CE3XXXX.
It select actual data from table ACDOCA and plan data from ACDOCP
It selects actual data from table CE1XXXX and plan data from CE2XXXX
It select actual data from table ACDOCA and plan data from COSP.
How does the system derive the requirement type from the material master data?
Note: There are 2 correct questions
MRP group -> requirements class -> planning strategy -> requirements type
MRP group -> Strategy group -> planning system -> Requirements type
Strategy group -> planning strategy -> requirements class -> requirements type
Strategy group -> planning system -> Requirements type
Which statement best describe a single cost center standard strategy hierarchy ?
It is a structure to which all cost center groups create for a controlling area are assigned.
It is a structure to which all cost center groups created within an operating concern are assigned.
It is a structure to which all the cost centers within an operating concern are assigned.
It is a structure to which all the cost centers within a controlling area are assigned
For which of the follow situations would you need to implement the transfer price solution in SAP S/4 HANA?
Parallel variation views of the same logistical flows are needed to differentiate legal and profit center valuation
Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.
. Parallel accounting is needed in order to be compliant with different accounting principles
Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.
How can you populate local variables in Profitability Analysis reports?
By populating from user parameters
By user exit
By Business Add-In
By user entry during report execution
You create alternative CO versions, for your controlling area, in addition to version 0. What would you use additional CO versions for?
Note: There are 2 correct answers
To store data of alternative plan costing runs
To store different plan data
To store data of parallel valuation
To store different budget data
What master data objects can you set using time-based fields.
Note: There are 2 correct answers to the question
Cost centers
Statistical key figures
Activity type
Cost element
What are some of the characteristics of SAP Core Data Services CDS views?
Note: There are 3 correct answers
CDS views are considered system modifications
CDS views have ready-to-use content
CDS views duplicate data for reporting efficiencies.
CDS views have no latency
CDS views support authorization
What are some attributes of an assessment cycle in controlling?
Note: There are 2 correct answers
They use a secondary cost element during transfer
They transfer only primary costs
The transfer primary and secondary costs
They use the original cost element during transfer
In the Product Cost by Order process, what does de system calculate depending on the order status?
Both WIP and variances
WIP at actual cost or variances
WIP at target costs or variances
WIP at percentage of completion (PoC) method or variances
Which parameters are controlled by the costing type in costing variant?
Note: There are 2 correct answers
Save with date key
Price updates
Costing sheet
Price for materials
You have implemented Product Cost by Sales Oder in conjunction with revenue-based results analysis in your organization. For a particular sales order item, you have the following: Plan revenue = 3000; Plan costs = 2000 Actual revenue = 1200; Actual costs = 1000 What data does the system calculate during results analysis?
Revenue = 1200; Cost of sales = 800; Reserve = 200
Revenue = 1200; Cost of sales = 1000; Reserve = 200
Revenue = 1200; Cost of sales = 1000; WIP = 200
Revenue = 1200; Cost of Sales = 800; WIP = 200
What can you do with statistical internal orders?
Apply overhead rates to the internal order.
Settle costs to a cost center.
Simultaneously post to a cost center
Transfer posting to another internal order.
Which of the following steps are part of the procedure to update the standard price of material?
Note: There are 2 correct answers
Release the cost estimate
Archive the cost estimates.
Mark the cost estimate
Split the costs
What do you need to set up in order to bring the values incoming sales orders into account-based Profitability Analysis?
multi-valuation ledger
A new standard G/L ledger with exclusive usage of "Prediction"
An extension ledger of type "Simulation"
An extension ledger of type "Prediction and Commitment"
In a standard system delivery, how many free characteristics can be added to an operation concern?
0-70
101-150
71-100
Over 150
You use a production order with Product Cost by Period and you entered a results analysis key and variance key. How does the system calculate variance in Product Cost by Period?
Variances = Target costs - Delivery value
Variances = Target costs - Delivery value - WIP
Variances = Actual costs - Delivery value - WIP
Variances = Actual costs - Delivery value
You want to create cost centers for your company. What is the prerequisite to build and organizational structure for overhead cost controlling?
Person responsible
Profit center
Standard hierarchy top node
Cost center categories
What are some of the characteristics of planning for internal orders?
Note: There are 2 correct answers
You can plan multiple versions
You can enter costs and revenues
You can define tolerance limits for plan overspend.
Availability control can check against plan values.
For which objects can you enter statistical key figures?
Note: There are 3 correct answers
Cost centers
Internal orders
Functional areas
Cost elements
Profit centers
You want to prevent reporting extreme periodic fluctuations in your P&L statement. Which Management Accounting activity should you choose to help spread irregular expenses throughout the fiscal year?
Periodic reporting
Accural calculation
Budget availability control
Indirect activity allocation
What can you configure in the settlement profile?
Note: There are 2 correct answers
Define document management parameters
Determine an overhead key.
Determine whether settlement is required
Define a number range for settlement document.
You create a new profit center. Which company code(s) is it assigned by default?
All company codes where profit center accounting is activated.
All company codes maintained in your authorization profile.
All company codes within the controlling area
All company codes to which the profit center standard hierarchy is assigned to.
What are some of the objectives of Profitability Analysis?
Note: There are 2 correct answers
Provide the company with information on the performance of its market segments
Allow the company to determine if the sales force achieved their contribution margin goals
Provide the company with a detailed view of its financial statements by areas of responsibilities.
Allow the company to determine standard costs and revenues according to the period accounting method.
You are setting up a direct internal activity allocation in SAP S/4 HANA. What is a valid receiver for the activity?
Note: There are 3 correct answers
Profit center
WBS element
Sales order item
Internal order
General ledger account
To which object do you assign a costing sheet?
Valuation variant
Transfer control
Cost component structure
Costing variant
Which statement best describes the Query Browser for reporting?
It is a desktop browser that integrates with SAP S/4 HANA
It is the frontend used to define reports in Analysis for Office
It is available as an additional license product in SAP S/4HANA.
It is a design studio app that comes as standard SAP Fiori content.
Which of the following statements best describe Product Cost by Period?
Note: There are 2 correct answers
It is used when periodic costs outweigh daily postings
It is used to analyze work in process (WIP) based on actual costs
It is used when the focus of controlling is on a stable and continuous production pricess
It is used in conjunction with a product cost collector
You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this?
Note: There are 2 correct answers
By marking the cost indicator in the control key assigned to the operation
By marking the Relevance to Costing indicator in the operation
By assigning a cost center to the work center in the operation
By defining a usage key in the header of the routing.
You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for?
Note: There are 3 correct answers
To define the user status
To define users for the order
To permit or forbid specific transactions
To activate the CO partner update
To set the initial status as Created or Released
