3.2 SAP S/4HANA For Management Accounting Associates Certification
SAP S/4HANA for Management Accounting Associates Certification
- 1.
For which revenue carrying cost objects does the system perform results analysis? There are 3 correct answers to this question. 3.2
- A.
Cost center
- B.
Internal order
- C.
Work breakdown structure
- D.
Business processes
- E.
Customer service orders
Correct Answer(s)
B. Internal order
C. Work breakdown structure
E. Customer service ordersExplanation
The system performs results analysis for internal orders, work breakdown structures, and customer service orders. Results analysis is a process that evaluates the costs and revenues associated with these cost objects to determine their profitability and performance. This analysis helps in identifying any deviations from planned costs and revenues, and allows for corrective actions to be taken if necessary. Cost centers and business processes are not mentioned as revenue carrying cost objects that undergo results analysis.Rate this question:
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- 2.
Which object do you configure to reuse material cost estimate for the costing process? 3.2
- A.
Group costing
- B.
Transfer control
- C.
Valuation variant
- D.
Quantity structure control
Correct Answer
B. Transfer controlExplanation
Transfer control is the object that you configure to reuse material cost estimates for the costing process. Transfer control allows you to transfer cost estimates from one cost estimate to another, which helps in reusing the material cost estimates and saves time and effort. By configuring transfer control, you can easily transfer the cost estimates from one costing object to another, ensuring consistency and accuracy in the costing process.Rate this question:
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- 3.
What can you analyze in detail when you transfer the cost component split from product cost planning to costing-based CO-PA? 3.2
- A.
Variance categories
- B.
Cost of goods manufactured
- C.
Cost of goods sold
- D.
Sales revenues
Correct Answer
C. Cost of goods soldExplanation
When you transfer the cost component split from product cost planning to costing-based CO-PA, you can analyze the cost of goods sold in detail. This means that you can break down the cost of goods sold into its various components, such as direct materials, direct labor, and overhead costs. This analysis allows you to understand the specific costs that contribute to the overall cost of goods sold and can help in identifying areas for cost reduction or improvement.Rate this question:
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- 4.
You want to use a template for activity and process assignment to your material cost estimate. What do you need to do?* 3.2
- A.
Use the costing sheet of the costing view 1 in the template determination table
- B.
Use the template allocation function in the material cost estimate and the costing run
- C.
Assign a template to an operation in the routing of the material
- D.
Assign a template directly to costing view 1 of the material master record
Correct Answer
B. Use the template allocation function in the material cost estimate and the costing run -
- 5.
Which parameters can you enter when you create a costing run? There are THREE correct answers for this question 3.2
- A.
Costing variant
- B.
Valuation variant
- C.
Costing version
- D.
Transfer control
- E.
Production version
Correct Answer(s)
A. Costing variant
C. Costing version
D. Transfer controlExplanation
When creating a costing run, you can enter the costing variant, costing version, and transfer control as parameters. The costing variant determines the calculation rules and settings for the costing run. The costing version specifies the version of the cost estimate to be used. Transfer control determines the transfer of data from one step of the costing run to another. The other options listed, valuation variant and production version, are not parameters that can be entered when creating a costing run.Rate this question:
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- 6.
Which object can you configure t offset overhead surcharges for a cost object? There are THREE correct answers for this question 3.2
- A.
Internal order
- B.
Profit center
- C.
Business process
- D.
Profitability segment
- E.
Cost center
Correct Answer(s)
A. Internal order
C. Business process
E. Cost centerExplanation
The internal order, business process, and cost center can all be configured to offset overhead surcharges for a cost object. The internal order allows for the allocation of costs to specific projects or tasks within a company. The business process represents a specific activity or set of activities within a company, and can be used to track costs associated with that process. The cost center is a specific department or division within a company, and can be used to track costs associated with that department. By configuring these objects, overhead surcharges can be properly allocated and accounted for.Rate this question:
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- 7.
What is required before you can create a multi-level material cost estimate without quantity structure? 3.2
- A.
Material master with costing view
- B.
Material master with accounting view and with MRP views
- C.
Specific costing variants for material costings without quantity structure
- D.
Specific valuation variants for material costings without quantity structure
Correct Answer
A. Material master with costing viewExplanation
Before creating a multi-level material cost estimate without a quantity structure, it is necessary to have a material master with a costing view. The costing view in the material master contains all the relevant information and data required for cost estimation. This includes details such as the base quantity, cost component structure, overhead rates, and costing variants. Without this information in the material master, it would not be possible to accurately calculate and estimate the material cost at different levels.Rate this question:
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- 8.
Which cost estimates must you reuse with the transfer control functionality? 3.2
- A.
Cost estimates within the same plant
- B.
Cost estimates with same cost component structure
- C.
Cost estimates across company codes
- D.
Cost estimates with quantity structure
Correct Answer
B. Cost estimates with same cost component structureExplanation
The transfer control functionality allows for the reuse of cost estimates with the same cost component structure. This means that if two cost estimates have the same cost component structure, they can be transferred and reused using this functionality. This can help to save time and effort in creating new cost estimates, as existing ones can be reused and adjusted as needed.Rate this question:
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- 9.
Which process determines the target costs of the cost object in a product cost by order scenario? 3.2
- A.
Actual costs calculation
- B.
Work in progress (WIP) calculation
- C.
Variance calculation
- D.
Accrual calculation
Correct Answer
C. Variance calculationExplanation
Variance calculation is the process that determines the target costs of the cost object in a product cost by order scenario. This involves comparing the actual costs incurred during the production process with the standard or expected costs. The variance calculation helps identify any deviations or differences between the actual and expected costs, allowing for adjustments to be made in order to achieve the desired target costs for the cost object.Rate this question:
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- 10.
Which views can you use to analyze the costing results within the costing run tool? There are THREE correct answers for this question 3.2
- A.
Costing levels report
- B.
Variance report
- C.
Material list report
- D.
Analysis report
- E.
Work in progress report
Correct Answer(s)
A. Costing levels report
C. Material list report
D. Analysis reportExplanation
The costing levels report, material list report, and analysis report are all views that can be used to analyze the costing results within the costing run tool. The costing levels report provides a breakdown of the costs at different levels of the cost hierarchy. The material list report shows the costs associated with different materials used in the production process. The analysis report provides a comprehensive analysis of the costing results, including variances and other relevant information. These views help users understand and analyze the costs incurred during the costing run.Rate this question:
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- 11.
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? There are TWO correct answers for this question 3.2
- A.
Delivery from production order to sales order stock
- B.
Production order settlement
- C.
External goods receipt on sales order stock
- D.
Production order confirmation
Correct Answer(s)
B. Production order settlement
D. Production order confirmationExplanation
In SAP S/4HANA, you can post actual costs on a sales order using the production order settlement process. This process allows you to settle the costs incurred during production to the sales order. Additionally, the production order confirmation process can also be used to post actual costs on a sales order. This process confirms the completion of production activities and updates the costs on the sales order.Rate this question:
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- 12.
Independent from the cost object, which parameters are always contained in a costing variant? There are TWO correct answers for this question 3.2
- A.
Reference variant
- B.
Valuation variant
- C.
Transfer control
- D.
Costing type
Correct Answer(s)
B. Valuation variant
D. Costing typeExplanation
The parameters that are always contained in a costing variant are the valuation variant and the costing type. The valuation variant determines how the costs of materials are calculated and the costing type determines the method used to calculate costs for a particular cost object. These parameters are independent of the cost object and are always included in a costing variant.Rate this question:
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- 13.
What do you use to map the primary cost component split to the production cost component structure? 3.2
- A.
Allocation structure
- B.
Assignment scheme
- C.
Cost Component groups
- D.
Transfer structure
Correct Answer
D. Transfer structureExplanation
Transfer structure is used to map the primary cost component split to the production cost component structure. It defines the rules and logic for transferring costs from one component to another. It specifies how the costs are allocated and assigned within the cost component structure. By using transfer structure, the primary cost component split can be accurately mapped and reflected in the production cost component structure.Rate this question:
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- 14.
What do you get if you mark a standard price cost estimate? There are TWO correct answers for this question 3.2
- A.
An accounting document for material ledger
- B.
A future standard price
- C.
A new status in the cost estimate
- D.
A cost-based CO-PA document for material revaluation
Correct Answer(s)
B. A future standard price
C. A new status in the cost estimateExplanation
Marking a standard price cost estimate results in two things. Firstly, it creates a future standard price, which is the anticipated price for a material or product in the future. This future standard price is used for planning and budgeting purposes. Secondly, it updates the status of the cost estimate, indicating that it has been marked and is now considered valid. This allows for better tracking and management of cost estimates in the system.Rate this question:
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- 15.
What can you use to difference two or more cost estimates for the same material? There are TWO correct answers for this question 3.2
- A.
Costing version
- B.
Costing variant
- C.
Transfer control
- D.
Valuation variant
Correct Answer(s)
B. Costing variant
D. Valuation variantExplanation
To differentiate two or more cost estimates for the same material, you can use the costing variant and valuation variant. The costing variant allows you to define different costing methods and parameters for cost estimates, while the valuation variant helps in determining the valuation strategy for the material. By utilizing both variants, you can obtain distinct cost estimates based on specific criteria or requirements, enabling better analysis and decision-making.Rate this question:
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- 16.
What do you do to create a primary cost component split? There are TWO correct answers for this question 3.2
- A.
Assign a cost component structure to the CO-version
- B.
Use the cost splitting tool on cost centers
- C.
Run an activity price calculation
- D.
Enter split activity prices manually
Correct Answer(s)
A. Assign a cost component structure to the CO-version
C. Run an activity price calculationExplanation
To create a primary cost component split, you need to assign a cost component structure to the CO-version. This allows you to define the different cost components that make up the total cost. Additionally, you need to run an activity price calculation to determine the activity prices associated with each cost component. This calculation helps in allocating the costs accurately based on the activities performed. By combining these two steps, you can create a primary cost component split and effectively track and analyze costs within the organization.Rate this question:
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- 17.
Which processes belong to the “final costing” of cost objects? There are TWO correct answers for this question 3.2
- A.
Revaluation at actual costs
- B.
Work in process
- C.
Variance calculation
- D.
Overhead surcharge
Correct Answer(s)
B. Work in process
C. Variance calculationExplanation
The processes of "Work in process" and "Variance calculation" belong to the "final costing" of cost objects. "Work in process" refers to the calculation of costs associated with unfinished goods or services, while "Variance calculation" involves determining the differences between actual and expected costs. These processes are essential in accurately determining the final cost of a product or service.Rate this question:
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- 18.
For which objects can you revaluate activities and business processes at actual prices? There are THREE correct answers for this question 3.2
- A.
Profit centers
- B.
Work breakdown structure elements
- C.
Work centers
- D.
Cost centers
- E.
Profitability segments
Correct Answer(s)
A. Profit centers
B. Work breakdown structure elements
E. Profitability segmentsExplanation
Profit centers, work breakdown structure elements, and profitability segments are all objects within an organization that can be used to revaluate activities and business processes at actual prices. Profit centers are specific units or departments within a company that generate revenue and incur expenses, making them appropriate for evaluating activities and processes based on actual costs. Work breakdown structure elements are components of a project or task that can be analyzed for cost and performance, allowing for reevaluation at actual prices. Profitability segments are segments of a business that are analyzed for their profitability, making them suitable for reevaluating activities and processes based on actual prices.Rate this question:
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- 19.
Which object do you have to assign the cost component structure to? 3.2
- A.
Valuation variant
- B.
Costing variant
- C.
Material master record
- D.
Costing type
Correct Answer
B. Costing variantExplanation
The cost component structure needs to be assigned to the costing variant. The costing variant is a key element in controlling the cost calculation process in SAP. It determines the parameters and settings for cost estimation, such as the valuation variant, costing type, and other cost components. By assigning the cost component structure to the costing variant, the system knows which cost components to consider during cost calculation for materials.Rate this question:
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Mar 22, 2023Quiz Edited by
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May 30, 2020Quiz Created by
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