80q Erp Prep Co 3rd Exam

4/20/2020 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates - Full | ERPPrep
SAP Certified Application Associate - SAP S/4HANA for

Management Accounting Associates - Full
You got 69 of 71 possible points.

Your score was: 97 %
Question Results
Question: Score 1 of 1
You are configuring internal order settlement. Where do you define which cost
elements should be settled, using either the original or settlement cost
elements?
Please choose the correct answer.
Response:
Settlement profile
Allocation structure
Settlement rule
Template
Which cost estimates must you reuse with the transfer control functionality?
Response:
Cost estimates across company codes
Cost estimates within the same plant
Cost estimates with same cost component structure
Cost estimates with quantity structure
https://www.erpprep.com/node/16254/myresults/1529476 1/27
How does the system derive the requirement type from the material master
data?
There are 2 correct answers to this question.
Response:
MRP group -> strategy group -> planning strategy -> requirements type
Strategy group -> planning strategy -> requirements type
Strategy group -> planning strategy -> requirements class -> requirements type
MRP group requirements class -> planning strategy -> requirements type
What are some of the characteristics of internal order planning?

Response:
Multiple versions are allowed.
Tolerance limits are defined.
Costs are entered.
Availability control is checked.
How can you define a dynamic group for internal orders?
Response:
Create a substitution rule for mass changes
Define an order coding mask for order types
Assign a selection variant to an end node
Use wild cards in the order codes assigned to nodes
What parameters can you set up when defining order types?

Response:
Define document type.
Set up work lists.
Define default parameters for master record fields.
Allow revenue postings.
Which of the following values can be calculated using results analysis?

Response:
Cost of goods manufactured
Work in progress
Reserves for unrealized costs
Gross margin
Cost of sales
You have implemented Product Cost by Sales Order 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?

Response:
Revenue = 1200; Cost of sales = 800; Reserve = 200
Revenue = 1200; Cost of sales = 1000; Reserve = 200
Revenue = 1200; Cost of sales = 800; WIP = 200
Revenue = 1200; Cost of sales = 1000; WIP = 200
How can you populate local variables in Profitability Analysis reports?

Response:
By populating from user parameters
By Business Add-In
By user entry during report execution
By user exit
What can you use to difference two or more cost estimates for the same
material?
There are TWO correct answers for this question
Response:
Costing version
Costing variant
Valuation variant
Transfer control
Which settings can you configure per order type for the budget and availability
control?
Response:
Budget data entry layout
Design budget manager
Budget tolerance limits
Budgeting on cost element level
Which parameters are controlled by the costing type in a costing variant?

Response:
Price for materials
Price updates
Save with date key
Costing sheet
How do you define the relationship between an operating concern and a

controlling area?
Response:
Many-to-one (N:1)
Many-to-many (N:N)
One-to-one (1:1)
One-to-many (1:N)
Which objects are predefined characteristics in SAP S/4HANA?

There are THREE correct answers for this question
Response:
Plant
Controlling area
Product category
Region
Company code
What can you do with statistical internal orders?

Response:
Settle costs to a cost center.
Simultaneously post to a cost center.
Transfer posting to another internal order.
Apply overhead rates to the internal order.
What are some of the characteristics of Profit Center Accounting in SAP

S/4HANA?
Response:
It can be used in the settlement rule for internal orders.

It is possible to derive the profit center from the segment in configuration.
It can be used with period and/or cost of sales accounting.
It is integrated in the universal journal.
Which object do you have to assign the cost component structure to?
Response:
Material master record
Valuation variant
Costing type
Costing variant
In your company, you tend to go through many reorganizations leading to extra

master data maintenance work. Which grouping functionality can save you time
maintaining profit center groups?
Response:
Configuring derivation rules
Creating multi-dimension sets
Defining flexible hierarchies
Copying groups with suffix
You are considering using commitment management with internal orders. What
do you need to do in the configuration?
Response:
Activate commitment management only in the order type.
Activate commitment management only in the controlling area.
Activate commitment management in both the controlling area and the order type.
Activate commitment management in both the company code and the order type.
Which receiver must be allowed in the settlement profile of a product cost

collector?
Response:
Material
Order
Cost center
Business process
What are the prerequisites for automatic generation of the settlement rule to a
market segment for a sales order item?
Response:
The sales order item is assigned to a project.
The material in the sales order item is a service.
The sales order item is a cost object.
Profitability Analysis (CO-PA) is activated.
You want to use a template to consider overhead during product costing. How do
you assign the template to your material?
Response:
Using an origin group and an overhead group
Using a profit center and an overhead key
Using an overhead group and an overhead key
Using a special procurement type and an overhead group
Which scenarios can be covered by the costing run?

Response:
Product cost collector cost estimate in one plant
Inventory cost estimate of all the 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 areas
What is the difference when you perform repost line items (TA: KB61) compared
to manual reposting of costs (KB11n) for a cost center?
Response:
The line item values are validated against the original document
There is the option to assign the line item to several receiver objects
The line item needs a reference to an FI document
The report of the line item is updated in the original F1 document
Which object can you select for reporting in costing-based Profitability Analysis,
and NOT in account-based Profitability Analysis?
Response:
Record type
Period/year
Cost element
Company code
At which level can you assign a valuation strategy in CO-PA?

Response:
Record type
Costing key
Point of valuation
Sales order type
Which objects can statistical key figures be applied to?

Response:
General ledger accounts
Functional areas
Profit centers
Cost centers
Which of the following statements best describe Product Cost by Period?

Response:
It is used in conjunction with a product cost collector.
It is used for joint production with process orders.
It is used when the focus of controlling is on a stable and continuous production

process.
It is used to analyze work in process based on actual costs.
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 objects is part of the assessment cycle?

Please choose the correct answer
Response:
Tracing factor
PA transfer structure
Cycle iteration
Template
A profit center standard hierarchy contains all profit centers that are assigned to
which organizational unit?
Response:
Controlling area
Operating concern
Plant
Client
Which currency types can you use for costing-based CO-PA?

Response:
Company code currency
Group currency
Operating concern currency
Controlling area currency
What do you do to create a primary cost component split?

Response:
Enter split activity prices manually
Run an activity price calculation
Assign a cost component structure to the CO-version
Use the cost splitting tool on cost centers
You configured an overhead costing sheet that uses the quantity-based

overhead approach to calculate the overhead amount. What is required for the
amount to be calculated?
Response:
Statistically figures with values for the period
Settlement rules with valid receiver objects
Activity types with actual or plan quantities maintained
Cost accounts with the option to record quantity
What must the referenced cost estimate and the receiving cost estimate have in
common?
Response:
The company codes
The cost component structure
The plant
The quantity structure
What does the calculation of a condition type in the costing sheet of CO-PA
depend on?
Response:
Calculation type
Valuation
Segment
Condition class
You want to create cost centers for your company. What is the prerequisite to
building an organizational structure for overhead cost controlling?
Response:
Standard hierarchy top node
Cost center types
Cost center categories
Functional area
Which activities can you perform while you create cost center hierarchies?
Response:
Assign a standard hierarchy to several controlling areas.
Append nodes and cost centers to a node of the standard hierarchy.
Create a cost center without specifying a standard hierarchy.
Reassign a cost center to another node of the standard hierarchy.
Which management accounting currencies can you use for evaluation when you
use cross-company-code cost accounting?
Response:
Object currency
Transaction currency
Reference currency
Company code currency
Controlling area currency
Which of the following statements best describe Product Cost by Order?

Response:
It is used when you perform repetitive manufacturing.
It is used when controlling by individual production lots or discrete quantities is

needed.
It is recommended for products with a long production time.
It is used when full cost traceability is needed.
What are some of the characteristics of SAP Core Data Services (CDS) views?
Response:
CDS views duplicate data for reporting efficiencies.
CDS views are considered system modifications.
CDS views have no latency.
CDS views support authorizations.
CDS views have ready-to-use content.
Which of the following objects can be selected in templates for activity-based

costing?
Response:
WBS element
Business process
Cost center/activity type
Internal order
What can you manage via the account assignment category?

Response:
Product cost by sales order
Separate sales order stock
Valuated sales order stock
Costing variant
During posting, from which object does the system first derive the profit center
if the profit center is NOT directly assigned to a network activity?
Response:
Network header
Project definition
WBS element
Dummy profit center
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?
Response:
Costing type
Reference variant
Costing version
Transfer control
What does the internal order settlement profile define?

Response:
The valid receivers
The template allocation
The accounting document type
Whether commitment management is necessary
Whether settlement is necessary
Which statements are relevant to the cost of sales accounting method in

profitability management?
Response:
It aims to summarize activity and situational change for a given organizational unit
over a period of time.
It presents revenues, primary expenses, changes in stock, WIP, and capitalized

activities.
It aims to match revenues for goods and services against sales-related expenses.
It presents the costs and revenues information in a format that is ideal for
conducting margin analyses.
You want to maintain a cost component structure. What can you determine for
each cost component?
There are 3 correct answers to this question
Response:
Relevance of cost component to goods manufactured
Relevance of cost component to inventory valuation
Assignment of cost component to cost component group
Relevance of cost component to results analysis
Assignment of cost component to calculation base for overheads in costing sheet
What values flow from Sales and Distribution billing to costing-based

Profitability Analysis?
Response:
Maintenance overhead costs
Sales deductions
Revenue
Accrued production overhead

You are setting up costing-based Profitability Analysis for your organization.

How do you configure the different market segments?
Response:
As key figures
As characteristics
As divisions
As value fields
How can you configure cycles for period-end allocation?

Response:
Use different allocation rules within one segment
Define allocation for the same cost center in multiple segments
Create cycles that iterate with each other
Assign several segments to a cycle
You post an expense line in an accounting document and enter an internal order
and a cost center as the account assignments. After posting, the system allows
you to settle the posted values from the internal order.
Which settings do the cost center and internal order have?

Response:
Real internal order

Real cost center
Real internal order

Statistical cost center
Statistical internal order

Real cost center
Statistical internal order

Statistical cost center
You are setting up a direct internal activity allocation in SAP S/4HANA. What are
valid receivers for the activity?
Response:
Network
Statistical overhead order
Cost center
Sales order item
General ledger account
Which objects can you plan in cost center accounting?

Response:
Balance sheet accounts
Statistical key figures
Secondary cost accounts
Non-operating expense accounts

Activity prices
Which statement best describes the Query Browser for reporting?

Response:
It is available as an additional license product in SAP S/4HANA.
It is a strategic analytical tool in SAP S/4HANA.
It is a desktop browser that integrates with SAP S/4HANA.
It is a design studio app that comes as standard SAP Fiori content.
What are some of the objectives of Profitability Analysis?

Response:
Allow the company to determine standard costs and revenues according to the
period accounting method.
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

responsibility units.
Provide the company with information on the performance of its market segments.
What is the default option for planning profit center values in SAP S/4HANA?
Response:
Financial accounting planning
Business planning and consolidation
Management accounting planning
Profitability analysis planning
How does SAP S/4HANA capture costs?

Response:
Only primary costs are captured in general ledger accounts.
Secondary costs are captured as secondary cost elements, 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.
Which default values can you configure for the product cost collector?
Response:
Variance variant
Costing variant for preliminary costing
Results Analysis (RA) key
Results Analysis (RA) version
You want to determine which operations of the routing should be considered in a

product cost calculation. How do you do this?
Response:
By defining a usage key in the header of the routing
By assigning a cost center to the work center in the operation
By marking the cost indicator in the control key assigned to the operation
By marking the Relevance to Costing indicator in the operation
What can you configure in the settlement profile?

There are 2 correct answers to this question
Response:
Determine whether settlement is required.
Define a number range for settlement documents.
Determine an overhead key.
Define document management parameters.
Which characteristic controls the eligible cost element categories for G/L
accounts in SAP S/4HANA?
Response:
Account currency
Account group
Account type
Field status group
When do you use an assessment instead of a distribution?

Response:
When you need the option to reverse the cycle as often as required
When you want to consolidate allocated expenses
When you want to view the original cost elements on the receiver
When you need to transfer secondary costs
What can you specify when you create an activity type?

Response:
The secondary costs G/L account for internal activity allocation
The valid sending cost center types
The activity type category for allocation
The primary costs G/L account for internal activity allocation
The valid receiving cost center types
You want to use a template for activity and process assignment to your material
cost estimate. What do you need to do?
Response:
Use the template allocation function in the material cost estimate and the costing
run
Assign a template directly to costing view 1 of the material master record
Assign a template to an operation in the routing of the material
Use the costing sheet of the costing view 1 in the template determination table
What do you use to map the primary cost component split to the production cost
component structure?
Response:
Cost Component groups
Assignment scheme
Transfer structure
Allocation structure
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 variances
in Product Cost by Period?
Response:
Variances = Actual costs - Delivery value
Variances = Target costs - Delivery value
Variances = Actual costs - Delivery value - WIP
Variances = Target costs - Delivery value - WIP
Which functionalities can create primary cost component splits?

Response:
Business processes price calculation
Cost center/activity type price calculation
Settlement of internal orders
Execution of the assessment cycles
You want to understand why costs are collected on sales order item level. What
do you need to check in the configuration?
Response:
Requirement type
Requirements class
Account assignment category
Costing type
Valuation variant
In the Product Cost by Order component, what does the system calculate
depending on the order status?
Response:
WIP at planned costs or variances
Both WIP and variances or only variances
WIP at target costs or variances
WIP at actual costs or variances
Which of the following steps are part of the procedure to update the standard
price of the material?
Response:
Mark the cost estimate.
Archive the cost estimates.
Split the costs.
Release the cost estimate.
In a make-to-order scenario, you use a sales order with an assigned production

order and non-valuated sales order stock. Which process do you use to post
actual costs on a sales order in SAP S/4HANA?
Response:
Production order confirmation
Production order settlement
Delivery from production order to sales order stock
External goods receipt on sales order stock
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4/20/2020 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates - Full | ERPPrep

SAP Certified Application Associate - SAP S/4HANA for

You got 69 of 71 possible points.

Cost estimates across company codes

Cost estimates within the same plant

Cost estimates with same cost component structure

Cost estimates with quantity structure

Strategy group -> planning strategy -> requirements type

What are some of the characteristics of internal order planning?

Multiple versions are allowed.

Tolerance limits are defined.

Costs are entered.

Availability control is checked.

How can you define a dynamic group for internal orders?

Create a substitution rule for mass changes

Define an order coding mask for order types

Assign a selection variant to an end node

Use wild cards in the order codes assigned to nodes

What parameters can you set up when defining order types?

Define document type.

Set up work lists.

Define default parameters for master record fields.

Allow revenue postings.

Which of the following values can be calculated using results analysis?

Cost of goods manufactured

Reserves for unrealized costs

- Plan revenue = 3000

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 = 800; WIP = 200

Revenue = 1200; Cost of sales = 1000; WIP = 200

How can you populate local variables in Profitability Analysis reports?

By populating from user parameters

By user entry during report execution

Budget data entry layout

Design budget manager

Budget tolerance limits

Budgeting on cost element level

Which parameters are controlled by the costing type in a costing variant?

Price for materials

Save with date key

How do you define the relationship between an operating concern and a

Which objects are predefined characteristics in SAP S/4HANA?

What can you do with statistical internal orders?

Settle costs to a cost center.

Simultaneously post to a cost center.

Transfer posting to another internal order.

Apply overhead rates to the internal order.

What are some of the characteristics of Profit Center Accounting in SAP

It can be used in the settlement rule for internal orders.

It is possible to derive the profit center from the segment in configuration.

It can be used with period and/or cost of sales accounting.

It is integrated in the universal journal.

Material master record

In your company, you tend to go through many reorganizations leading to extra

Configuring derivation rules

Creating multi-dimension sets