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SAP C_TS4CO_2021 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Exam Practice Test

SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Questions and Answers

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Question 1

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?

Options:

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

Question 2

What are the some of the characteristics of Profit Center Accounting in SAP S4/HANA? Note: There are 2 correct answers to this question.

Options:

A.

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

B.

It is integrated in the universal journal.

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.

Question 3

How can you configure the transfer price solution in SAP S/4HANA? Note: There are 2 correct answers to this question.

Options:

A.

Use separate segments for each valuation.

B.

Use separate currency types within the same ledger for each valuation.

C.

Use separate ledgers for each valuation.

D.

Use separate CO versions for each valuation.

Question 4

Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question.

Options:

A.

It is used when you perform repetitive manufacturing.

B.

It is recommended for products with a long production time.

C.

It is used when full cost traceability is needed.

D.

It is used when controlling by individual production lots or discrete quantities is needed.

Question 5

Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question.

Options:

A.

It is used when periodic costs outweigh daily postings.

B.

It is used to analyze work in process (WIP) based on actual costs.

C.

It is used when the focus of controlling is on a stable and continuous production process.

D.

It is used in conjunction with a product cost collector.

Question 6

Which receiver must be allowed in the settlement profile of product cost collector?

Options:

A.

Cost center

B.

Material

C.

Order

D.

G/L Account

Question 7

How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question.

Options:

A.

As equivalence number

B.

As quantity-based surcharge

C.

As lot-based surcharge

D.

As percentage rate

Question 8

You are setting up a direct internal activity allocation in SAP S4/HANA. What is valid receivers for the activity? Note: There are 3 correct answers to this question.

Options:

A.

Profit center

B.

WBS element

C.

Sales order item

D.

Internal order

E.

General ledger account

Question 9

Which of the following steps are part of the procedure to update the standard price of the material? Note: There are 2 correct answers to this question.

Options:

A.

Release the cost estimate.

B.

Archive the cost estimates.

C.

Mark the cost estimate.

D.

Split the costs.

Question 10

How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis?

Options:

A.

By defining the characteristic value as a value field

B.

By defining the characteristic value in the field catalog

C.

By defining the characteristic value in the check table

D.

By defining the characteristic value as a key figure

Question 11

You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? Note: There are 2 correct answers to this question.

Options:

A.

Costing-based Profitability Analysis must be active.

B.

Account-based Profitability Analysis must be active.

C.

The type of the addressed ledger must be an extension ledger.

D.

The type of the general ledger account must be primary cost/revenue or secondary cost.

Question 12

What parameters can you set up when defining order types?

Options:

A.

Define document type.

B.

Define default parameters for master record fields.

C.

Define source structure.

D.

Allow revenue postings.