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SAP C_TS4CO_2021 SAP Certified Application Associate – SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Online Training

Question #1

You are configuring internal order settlement .

What do you define which cost element should be settled, using either the original settlement cost elements?

  • A . Credit component (of the costing sheet)
  • B . Allocation structure
  • C . Settlement profile
  • D . Settlement rule

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Correct Answer: B
Question #2

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

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Correct Answer: D
Question #3

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 cost center groups created within an operating concern are assigned.
  • C . It is a structure to which all the cost centers within an operating concern are assigned.
  • D . It is a structure to which all the cost centers within a controlling area are assigned.

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Correct Answer: D
Question #4

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 valuate goods movement
  • B . To valuate the materials in cost estimates
  • C . To valuate material stocks
  • D . To update the standard price during the release of a standard cost estimate

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Correct Answer: B
Question #5

Which type of Profitability Analysis updates the cost of goods sold at the time of delivery?

  • A . Periodic-accounting based
  • B . Both account-based and costing-based
  • C . Account-based only
  • D . Costing-based only

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Correct Answer: C
Question #6

You create a new profit center .

Which company code(s) is it assigned to by default?

  • A . All company codes where profit center accounting is activated.
  • B . All company codes maintained in your authorization profile.
  • C . All company codes within the controlling area.
  • D . All company codes to which the profit center standard hierarchy is assigned to.

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Correct Answer: C
Question #7

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

  • 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.

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Correct Answer: C,D
Question #8

You are considering using commitment management with internal orders .

What do you need to do in the configuration?

  • A . Activate commitment management in both the controlling area and the order type.
  • B . Activate commitment management in the controlling area, the order type, and in individual internal order master data.
  • C . Activate commitment management in both the version and the order type.
  • D . Activate commitment management only in the controlling area.

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Correct Answer: A
Question #9

For which objects can you enter statistical key figures? Note: There are 3 correct answers to this question.

  • A . Cost centers
  • B . Internal orders
  • C . Functional areas
  • D . Cost elements
  • E . Profit centers

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Correct Answer: A,B,E
Question #10

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.

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Correct Answer: A,B

Question #11

You want to maintain a cost component structure .

What can you determine for each cost component? Note: There are 3 correct answers to this question.

  • A . Relevance of cost component to inventory valuation
  • B . Assignment of cost component to calculation base for overheads in costing sheet
  • C . Relevance of cost component to results analysis
  • D . Relevance of cost component to goods manufactured
  • E . Assignment of cost component of cost component group

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Correct Answer: A,D,E
Question #12

What are some of the characteristics of SAP Core Data Services (CDS) views? Note: There are 3 correct answers to this question.

  • A . CDS views are considered system modifications.
  • B . CDS views have ready-to-use content.
  • C . CDS views duplicate data for reporting efficiencies.
  • D . CDS views have no latency.
  • E . CDS views support authorization.

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Correct Answer: B,D,E
Question #13

In which module do you process profit center allocations in SAP S/4HANA?

  • A . Product cost accounting
  • B . General ledger accounting
  • C . Account-based profitability analysis
  • D . Cost center accounting

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Correct Answer: B
Question #14

What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question.

  • A . Provide the company with information on the performance of its market segments.
  • B . Allow the company to determine if the sales force achieved their contribution margin goals.
  • C . Provide the company with a detailed view of its financial statements by areas of responsibilities.
  • D . Allow the company to determine standard costs and revenues according to the period accounting method.

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Correct Answer: A,B
Question #15

In a standard system delivery, how many free characteristics can be added to an operating concern?

  • A . 0-70
  • B . 101-150
  • C . 71-100
  • D . Over 150

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Correct Answer: A
Question #16

What can you do with statistical internal orders?

  • A . Apply overhead rates to the internal order.
  • B . Settle costs to a cost center.
  • C . Simultaneously post to a cost center.
  • D . Transfer posting to another internal order.

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Correct Answer: C
Question #17

Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question.

  • A . Inventory cost estimate of all the materials in one plant
  • B . Standard cost estimate of all the materials in all plants of a controlling area
  • C . Current cost estimate of all the materials in all controlling area
  • D . Product cost collector cost estimate in one plant

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Correct Answer: A,D
Question #18

What parameters can you set up when defining order types?

  • A . Define document type.
  • B . Define default parameters for master record fields.
  • C . Define source structure.
  • D . Allow revenue postings.

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Correct Answer: B,D
Question #19

Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question.

  • A . Cost center/activity type
  • B . Internal order
  • C . WBS element
  • D . Business process

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Correct Answer: B,C
Question #20

How does the system derive the requirement type from the material master data? Note: There are 2 correct answers to this question.

  • A . MRP group -> requirements class -> planning strategy -> requirements type
  • B . MRP group -> Strategy group -> planning strategy -> requirements type
  • C . Strategy group -> planning strategy -> requirements class -> requirements type
  • D . Strategy group -> planning strategy -> requirements type

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Correct Answer: B,D

Question #21

Which statement best describes the Query Browser for reporting?

  • A . It is a desktop browser that integrates with SAP S/4HANA.
  • B . It is the frontend used to define reports in Analysis for Office.
  • C . It is available as an additional license product in SAP S/4HANA.
  • D . It is a design studio app that comes as standard SAP Fiori content.

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Correct Answer: A
Question #22

Which parameters are controlled by the costing type in a costing variant? Note: There are 2 correct answers to this question.

  • A . Save with date key
  • B . Price updates
  • C . Costing sheet
  • D . Price for materials

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Correct Answer: A,B
Question #23

You are implementing SAP S/4HANA and you want to run analytical reports off a single data model .

Which statement best describes reporting in SAP S/4HANA?

  • A . Reporting can be either broad and deep for analysis, or speedy and simple, but not both.
  • B . Reporting on data in real time is difficult, and complex to design.
  • C . Reporting on data is available in real-time at every level of detail.
  • D . Reporting analytical data is always done in a business warehouse system.

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Correct Answer: C
Question #24

Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question.

  • A . It is hosted on the SAP Cloud Platform and integrate seamlessly on the SAP S4/HANA on the Fiori Launchpad.
  • B . It is the core SAP S4/HANA license and users the same technical stack and user interface.
  • C . It uses core data services (CDS) views to create virtual data models (VDMs ) for reporting.
  • D . It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analysis Tools for reporting.

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Correct Answer: B,C
Question #25

To which object can you settle an internal order using cost elements with cost element category 21 (internal settlement)? Note: There are 3 correct answers to this question.

  • A . Sales order item
  • B . WBS element
  • C . General ledger account
  • D . Network
  • E . Asset

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Correct Answer: A,B,D
Question #26

At which level do you define the valuation method for results analysis?

  • A . Controlling area
  • B . Company code
  • C . Plant
  • D . Operating concern

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Correct Answer: A
Question #27

You create alternative CO versions for your controlling area, in addition to version 0 .

What would you use additional CO versions for? Note: There are 2 correct answers to this question.

  • A . To store data of alternative plan costing runs
  • B . To store different plan data
  • C . To store data of parallel valuation
  • D . To store different budget data

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Correct Answer: B,C
Question #28

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 indicators in the CO version.
  • B . Set the relevant indicator in the controlling area.
  • C . Set the relevant indicator in the planning profile of the order type.
  • D . Set the relevant indicator in the internal order master record.

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Correct Answer: A,D
Question #29

You want to understand why cost are collected on sales order item level .

What do you need to in the configuration? Note: There are 3 correct answers to this question.

  • A . Requirement type
  • B . Requirements class
  • C . Valuation variant
  • D . Costing type
  • E . Account assignment category

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Correct Answer: A,B,E
Question #30

What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question.

  • A . You can plan multiple versions.
  • B . You can enter costs and revenues.
  • C . You can define tolerance limits for plan overspend.
  • D . Availability control can check against plan values.

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Correct Answer: A,B
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