C_TS4CO_2020 Exam Training Practice Tests (SAP Certified Application Associate - SAP S/4HANA for Management Accounting (SAP S/4HANA 2020))]

Question 1

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

Correct Answer: A,D

Question 2

You are posting a purchase order for a warehouse material. From which object is the profit center derived?
Response:

A. Business partner B. Material master C. Plant D. Cost center

Correct Answer: B

Question 3

You need to analyze different planning scenarios for cost centers. With which object do you differentiate the planning scenarios?

A. Operating concern B. Cost center group C. Company code D. CO version

Correct Answer: D

Question 4

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

A. Sales organization B. Operating concern C. Company code D. Controlling area

Correct Answer: D

Question 5

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

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

Correct Answer: A

Question 6

In a make-to-order scenario, you use a sales order with an assigned production order and non-valuated sales order stock. Which process do you use to post actual costs on a sales order in SAP S/4HANA? There are TWO correct answers for this question

A. Production order confirmation B. External goods receipt on sales order stock C. Production order settlement D. Delivery from production order to sales order stock

Correct Answer: A,C

Question 7

Which key performance indicators (KPIs) does profit center accounting help you report? There are TWO correct answers for this question

A. Contribution of new customers to gross revenue B. Impact on sales of a marketing activity C. Profit contribution of a department D. Return on capital expenditure investment

Correct Answer: C,D

Question 8

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

Correct Answer: A

Question 9

What do you need to setup in order to bring the values incoming sales orders into account-based Profitability Analysis?

A. A new standard G/L ledger with exclusive usage of "Prediction" B. A multi-valuation ledger C. An extension ledger of type "Prediction and Commitment" D. An extension ledger of type "Simulation"

Correct Answer: C

Question 10

What can you use to difference two or more cost estimates fo rthe same material ? 2 answers

A. Valuation variant B. Costing variant C. Costing version D. Transfer control

Correct Answer: B,C

Question 11

Which order status is relevant for creating work in process (WIP) calculations when you use Product Cost by Order (PCO)?

A. Partially released B. Delivered C. Created D. Technically completed

Correct Answer: A

Question 12

How does the system derive the requirement type from the material master data ?

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

Correct Answer: C,D

Question 13

WXhat is the highest reporting level in management accounting?

A. Operating concern B. Company code C. Controlling area D. Profit center

Correct Answer: A

Question 14

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.

Correct Answer: C

Question 15

How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question.

A. Primary and secondary costs are captured in general ledger accounts. B. Only primary costs are captured in general ledger accounts. C. All primary and secondary costs are captured by creating them as cost elements. D. Secondary costs are captured as secondary cost element, and not as general ledger accounts.

Correct Answer: A,C

SAP Certified Application Associate - SAP S/4HANA for Management Accounting (SAP S/4HANA 2020) - C_TS4CO_2020 Exam Practice Test