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| Section | Objectives |
|---|---|
| Internal Orders | - Order creation and management - Settlement processes |
| Product Cost Controlling | - Cost estimation and variance analysis - Cost object controlling |
| Cost Center Accounting | - Planning and budgeting - Actual postings and allocations - Reporting and analysis |
| Profitability Analysis and Profit Center Accounting | - Profit center structure and assignments - Profitability reporting |
| Overhead Cost Controlling | - Activity-based costing basics - Cost element accounting |
| Overview of Management Accounting (CO) | - Organizational structure in CO - Integration with Financial Accounting (FI) |
Question 1
The system does not allow you to create a primary cost element.
What do you check first?
A. Whether the 6/L account currency is the same as the controlling area currency
B. Whether the P/L account exists
C. Whether the balance sheet account exists
D. Whether the cost element category is valid
Question 2
A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL?
A. By activating document split for cost centers in New GL.
B. By activating plan integration for profit centers.
C. By defining and execute the equivalent cycles in the New GL.
D. By activating the real-time reconciliation between CO and FI.
Question 3
What are the impacts on an S price controlled material when releasing a material cost estimate? Note: There are 2 correct answers to this question.
A. Existing stock is valuated with the new price.
B. Moving average price is adjusted.
C. New standard price is set.
D. Previous material movements are revaluated.
Question 4
Which step in the sales from stock process creates the cost of goods sold in Costing-based
Profitability Analysis (CO-PA)?
A. Creation of the transport order
B. Creation of the sales order
C. Billing
D. Outbound delivery
Question 5
A certain cost element has conflicting cost center assignments in the Default Account
Assignment field (cost element master data) and in the Automatic Account Assignment table (IMG). What happens when a document is posted with this cost element?
A. The Automatic Account Assignment (IMG) has a higher priority.
B. An error message is displayed.
C. The Default Account Assignment (cost element master data) has a higher priority.
D. The system prompts you in a dialog box.
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: A,C | Question 4 Answer: C | Question 5 Answer: A |
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