C_TS4CO_2021 Practice Exam Tests Latest Updated on Nov-2022
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NEW QUESTION 48
Which statements are relevant to the cost of sales accounting method in profitability management? Note:
There are 2 correct answers to this question.
- A. It aims to summarize activity and situational change for a given organizational unit over a period of time.
- B. It presents the costs and revenues information in a format that is ideal for conducting margin analyses.
- C. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.
- D. It aims to match revenues for goods and services against sales-related expenses.
Answer: B,D
NEW QUESTION 49
What can you do with statistical internal orders?
- A. Simultaneously post to a cost center.
- B. Transfer posting to another internal order.
- C. Apply overhead rates to the internal order.
- D. Settle costs to a cost center.
Answer: A
NEW QUESTION 50
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?
- A. Costing type
- B. Costing version
- C. Reference variant
- D. Transfer control
Answer: D
NEW QUESTION 51
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 to this question.
- A. By marking the cost indicator in the control key assigned to the operation
- B. By marking the Relevance to Costing indicator in the operation
- C. By assigning a cost center to the work center in the operation
- D. By defining a usage key in the header of the routing.
Answer: A,B
NEW QUESTION 52
Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question.
- A. It is the core SAP S4/HANA license and users the same technical stack and user interface.
- B. It uses core data services (CDS ) views to create virtual data models (VDMs ) for reporting.
- C. It is hosted on the SAP Cloud Platform and integrate seamlessly on the SAP S4/HANA on the Fiori Launchpad.
- D. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analysis Tools for reporting.
Answer: A,B
NEW QUESTION 53
In SAP S/4HANA, 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?
- A. Source structure
- B. Allocation structure
- C. Cost component structure
- D. PA transfer structure
Answer: D
NEW QUESTION 54
You want to create cost centers for your company. What is the prerequisite to build an organizational structure for overhead cost controlling?
- A. Person responsible
- B. Cost center categories
- C. Standard hierarchy top node
- D. Profit center
Answer: C
NEW QUESTION 55
In the material master record there are three planned prices: ""Planned price 1"", ""Planned price
2""and""Planned price 3"". What do you use them for?
- A. To update the standard price during the release of a standard cost estimate
- B. To valuate material stocks
- C. To valuate the materials in cost estimates
- D. To valuate goods movement
Answer: C
NEW QUESTION 56
You are creating new activity type and want to maintain plan prices for a cost center. Which attribute must you configure in the activity type master record? Note: There are 3 correct answers to this question.
- A. Price indicator
- B. Activity type category
- C. CO version
- D. Company code
- E. Valid cost center categories
Answer: A,B,E
NEW QUESTION 57
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?
- A. Revenue = 1200; Cost of sales = 800; Reserve = 200
- B. Revenue = 1200; Cost of sales = 1000; Reserve = 200
- C. Revenue = 1200; Cost of sales = 1000; WIP = 200
- D. Revenue = 1200; Cost of sales = 800; WIP = 200
Answer: D
NEW QUESTION 58
Which statements best describes a single cost center standard hierarchy?
- A. It is a structure to which all cost center groups create for a controlling area are assigned.
- B. It is a structure to which all the cost centers within an operating concern are assigned.
- C. It is a structure to which all the cost centers within a controlling area are assigned.
- D. It is a structure to which all cost center groups created within an operating concern are assigned.
Answer: C
NEW QUESTION 59
You want enable WIP calculation in Product Cost by Period. What do you need to configure?
- A. Profitability Analysis (PA) transfer structure
- B. Valuation variant
- C. Variance variant
- D. Settlement profile
Answer: B
NEW QUESTION 60
For which of the following situations would you need to implement the transfer price solution in SAP S4/NANA?
- A. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.
- B. Parallel accounting is needed in order to be compliant with different accounting principles.
- C. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.
- D. Parallel variation views of the same logistical flows are needed to differentiate between legal and profit center valuation.
Answer: D
NEW QUESTION 61
What are the some of the characteristics of Profit Center Accounting in SAP S4/HANA? Note: There are 2 correct answers to this question.
- A. It is integrated in the universal journal.
- B. It can be used in the settlement rule for internal order.
- C. It can be used with period and/or cost of sale accounting.
- D. It is possible to derive the profit center from the segment in configuration.
Answer: A,C
NEW QUESTION 62
How do you define the relationship between an operating concern and a controlling area?
- A. Many-to-one (N:1)
- B. One-to-one (1:1)
- C. One-to-many (1:N)
- D. Many-to-many (N:M)
Answer: C
NEW QUESTION 63
You want to setup integrated planning for your internal order. What do you need to do? Note: There are 2 correct answers to this question.
- A. Set the relevant indicator in the planning profile of the order type.
- B. Set the relevant indicator in the controlling area.
- C. Set the relevant indicator in the internal order master record.
- D. Set the relevant indicators in the CO version.
Answer: C,D
NEW QUESTION 64
Why would you use manual cost allocation in Controlling? Note: There are 2 correct answers to this question.
- A. To run simple allocations of actual data
- B. To correct secondary postings
- C. To allocate costs using an allocation cycle
- D. To run simple allocations of plan data
Answer: A,B
NEW QUESTION 65
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?
- A. Accrual calculation
- B. Budget availability control
- C. Indirect activity allocation
- D. Periodic reporting
Answer: A
NEW QUESTION 66
You want to use budget availability control for your projects and internal orders. What can you check using budget availability control? Note: There are 2 correct answers to this question.
- A. The availability of funds on period level
- B. The availability of funds according to tolerance limits
- C. The availability of funds using overall plan value
- D. The availability of funds in object currency
Answer: B,D
NEW QUESTION 67
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