SAP C_TS4CO_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Management Accounting Exam Practice Test

Detailed Explanation: SAP S/4HANA provides real-time reporting at every level of detail (option B) byleveraging the Universal Journal, which consolidates various data types, supporting comprehensive and timely data analysis without additional ETL processes.

Detailed Explanation:Assessment cycles in SAP S/4HANA Controlling use secondary cost elements for cost transfers, support primary and secondary cost transfers, and can be structured using allocation structures. This allows flexible and accurate distribution of costs across controlling objects.

Detailed Explanation: The ABAP Cloud Development Model (option C) is specifically designed for ABAP-native cloud development, supporting SAP S/4HANA Cloud environments. This model aligns with SAP's development strategies for cloud-native solutions, offering extensibility and integration capabilities.

Detailed Explanation:CDS views in SAP S/4HANA offer real-time access to data (no latency) and come with ready-to-use content. They also support authorizations, ensuring data security within reporting frameworks.

Detailed Explanation: In SAP S/4HANA Cloud, Private Edition, planning for internal orders allows users to enter both costs and revenues (option B) and set tolerance limits to control overspending (option D). This functionality is part of cost center and internal order management under SAP’s Management Accounting module, where cost planning and availability checks can help manage resource allocation for specific projects or internal activities.

Detailed Explanation: Local variables in Profitability Analysis reports can be populated through user entry during report execution (option D), allowing for flexible, real-time adjustments to analysis parameters within SAP S/4HANA.

Detailed Explanation: Internal orders in SAP can be settled to various cost objects, including networks (option B), sales order items (option C), and WBS elements (option D). These are key objects for cost management, allowing for detailed tracking and settlement in project and order management scenarios.

Detailed Explanation:The cost of sales accounting method in SAP S/4HANA is used to present revenues alongside sales-related expenses, facilitating margin analysis and providing a clear picture of profitability directly related to sales.

Detailed Explanation:To ensure costs are collected at the sales order item level, you need to checksettings for the requirement type, account assignment category, and requirements class in SAP S/4HANA, which determine how and where costs are tracked and assigned.

Detailed Explanation:In SAP S/4HANA, values such as condition pricing and cost of goods sold (COGS) are transferred to costing-based Profitability Analysis. This enables profitability reports with detailed insights on revenue and costs at granular levels, helping businesses analyze performance more effectively.

Detailed Explanation:In SAP S/4HANA, revenues and sales deductions are transferred to Profit Center Accounting during billing document posting. This allows companies to assess profitability by profit center accurately.

Detailed Explanation: Profit Center Accounting in SAP S/4HANA is integrated into the Universal Journal (option C) and supports both period and cost of sales accounting (option B). This integration enables real-time analysis of profitability across different organizational units.

Detailed Explanation:Overhead rates in a costing sheet can be defined as a percentage rate or a quantity-based surcharge. This flexibility allows companies to allocate overhead based on usage quantities or as a percentage of base costs.

Detailed Explanation:For product cost collectors, you can set default values for the Results Analysis (RA) key and the costing variant for preliminary costing in SAP S/4HANA, streamlining the setup for consistent cost collection across production orders.

Detailed Explanation:Statistical key figures can be entered for cost elements, cost centers, and internal orders in SAP S/4HANA, which serve as basis quantities in allocation cycles to distribute costs across various dimensions.

Detailed Explanation:In the Product Cost by Order process, the system calculates Work In Process (WIP) at target costs or variances based on the order status, enabling precise cost tracking until the order is completed and settled.

Detailed Explanation:For Product Cost by Sales Order, SAP S/4HANA calculates revenue, cost of sales, and WIP based on actual data. Given the actual revenue and cost data, the system computes a WIP value to align with results analysis requirements.

Detailed Explanation: A reference variant (option A) allows you to create a new standard cost estimate using the quantity structure of an existing one. This enables consistency and efficiency in standard costing within SAP S/4HANA.

Detailed Explanation:SAP S/4HANA derives the requirement type based on the MRP or strategy group settings, allowing the system to link planning strategies to requirement types that define demand processing in Material Requirements Planning.

Detailed Explanation:Direct internal activity allocation in SAP S/4HANA allows activities to be assigned to specific cost objects such as sales order items, internal orders, and WBS elements, enabling accurate tracking of resources and costs associated with these activities.

Detailed Explanation:The cost center category in SAP S/4HANA allows grouping of similar cost centers, enabling the assignment of consistent attributes and settings, thus streamlining configuration and reporting.

Detailed Explanation:SAP S/4HANA supports transfer pricing configurations using separate ledgers or distinct currency types within the same ledger. This setup allows for multiple valuations within legal, group, and profit center reporting standards.

Detailed Explanation:In costing-based Profitability Analysis, line item tables CE2XXXX and CE1XXXX store relevant profitability data in SAP S/4HANA. These tables are used for reporting detailed cost and revenue allocations.

Detailed Explanation:The account assignment category in SAP S/4HANA manages accounting via sales orders and separate sales order stock, allowing for specific tracking and valuation of sales order-related costs and inventory.