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| Section | Objectives |
|---|---|
| Planning, Allocation and Reporting | - Overhead allocation and assessment - Planning methods in CO |
| Internal Orders | - Settlements and reporting - Order creation and lifecycle |
| Product Cost Controlling | - Cost estimates and variance analysis - Cost object controlling |
| Overview of Management Accounting (CO) | - Organizational structures in Controlling - Integration with Financial Accounting (FI) |
| Cost Center Accounting | - Planning and budgeting - Actual postings and allocations |
| Profitability Analysis (CO-PA) | - Reporting and analysis - Account-based and costing-based CO-PA concepts |
1. Which of the following organizational units are maintained in Management Accounting? Note: There are 2 correct answers to this question.
A) Operating concern
B) Company code
C) Controlling area
D) Business area
E) Functional area
2. A customer using account based CO-PA sells material from stock. How is the 'cost of goods sold' transferred and valuated?
A) Material costs are taken from the goods issue posting (valuated with cost component structure).
B) Material costs are taken from the billing document (valuated with cost component structure).
C) Material costs are taken from the billing document (valuated according price control).
D) Material costs are taken from the goods issue posting (valuated according price control).
3. What is the prerequisite for sales order controlling?
A) A product cost collector must be assigned to the sales order item.
B) The sales order item must have a cost object assigned by a requirement class.
C) A valuated customer order special stock must be assigned to the sales order item.
D) The cost object of the sales order item must be created manually in the sales order.
4. What does the planner profile in cost center accounting determine?
A) The available planning level.
B) The available planning methods (for example, top-down, forecast).
C) The available planning layouts.
D) The required planning sequence.
5. Where do you have to assign the costing sheet to enable overhead surcharging for material costing?
A) Material cost estimate
B) Material master
C) Costing variant
D) Costing version
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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