C_TFIN22_67 Practice Exam Questions with Answers SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 Certification

Both cost center and internal order have accidentally been maintained in the default account assignment (OKB9).

The field "order" has accidentally been maintained in the master of the respective cost elements (tab "default account assignment").

The field "actual posted cost center" has accidentally been maintained in the master of the respective internal order (tab "control data").

Both cost centers and internal orders have accidentally been set to "mandatory" in the "status variant" field (group "additional account assignment").

Parameters valid for all rows and columns.

Parameters for the report to report interface.

Default values for the definition of rows and columns.

User, date, and time of report creation.

Set up an appropriate investment reason and a threshold for scale level and assign both to the order.

Set up an assessment cycle to allocate the costs of the investment order to the previously created AuC.

Assign a settlement rule to AuC directly to the position of the investment program.

Set up the investment profile to use the AuC of a certain asset class and assign it to the used order type.

By defining segment master records in the application.

By assigning segments in the master record of the profit center.

By assigning segments in the master record of the cost center.

By activating the scenario segment reporting in the customizing.

Overhead surcharges collection

Budget and availability control

Settlement splitting to different receivers

Exception reporting

The posting will only be posted to the original assigned CO object.

The posting will be assigned to the top node of the profit center standard hierarchy.

The posting will be assigned to the dummy profit center.

The posting cannot be saved.

By adjusting the field selection in the order type.

By defining an appropriate selection variant.

By indicating the fields as mandatory in the model order.

By adjusting the field status variant.

Is typically assigned to organizational levels.

Must be assigned on client level.

Is used long-term for multiple business processes.

Cannot be changed after creation.

Is a template for transactional data.

Purchasing quotation

Purchase order

Purchase requisition

Purchasing contract

In the order type.

In the original order budget.

In the controlling area.

In the original order budget.

By entering the budget profile in the order type.

By customizing the tolerance limits for the budget profile.

By activating availability control in the controlling area.

By entering the budget profile in the order master data.

-2 in each period July to December.

-2 in period July.

8 in each period July to December.

8 in period July.

User responsible

Hierarchy area

Description

Company code

Material costs are taken from the goods issue posting (valuated with cost component structure).

Material costs are taken from the goods issue posting (valuated according price control).

Material costs are taken from the billing document (valuated with cost component structure)

Material costs are taken from the billing document (valuated according price control).

In the original order budget

In the controlling area

In CO version 0

In the order type

You notice that documents are missing, so you decide that the goods should not be used any further for the time being. The missing documents turn up at a later stage and you proceed with the respective posting. The goods are subsequently moved from storage location A to storage location B, which you also record in the system. In what sequence are the three goods movements carried out? Select the correct answer.

Goods receipt - transfer posting - goods issue

Goods receipt - transfer posting - stock transfer

Goods receipt - stock transfer - transfer posting

Goods receipt - transfer order - goods issue

Profit centers are the basic organizational units of profitability analysis.

Profit centers are sub units of cost centers.

Profit centers represent an area of responsibility for cost and revenues.

Profit centers are structured in a standard hierarchy.

Profit centers are usually structured in the hierarchy by region, function or product.

You have to activate the summary tables

The planning layout is by default available for planning

The plan period for planning is copied from the fiscal year variant of company code

The planning document type is already activated

Whether the P/L account exists

Whether the cost element category is valid

Whether the balance sheet account exists

Whether the 6/L account currency is the same as the controlling area currency

Finalizing the project scope

Defining and documenting all business requirements, both functional and technical

End user training

Cycle and integration testing

Business Process and Interface Monitoring

Early Watch Alert

Change Request Management

Maintenance Optimizer

The activity types were consumed from different cost centers.

The master data of the consumed materials is V price indicated.

The valuation variants of the cost estimate and the production order are different.

The respective routing has changed.

Controlling area

Operating concern

Company code

Business area

Functional area

Cost center master record

Controlling area

Standard hierarchy

Cost element master record

Use cycle run groups for parallel processing.

Use iteration within the cycles.

Use assessment instead of distribution.

Use an allocation structure within the distribution cycles.

Analyzing the internal Profit and loss of organizational subunit.

Analyzing the profitability of segments of your market, structured according to customers, products, orders, etc. and organizational units.

The data need to be analyzed by period, or project, or by orders.

The data need to be analyzed by period.

Variance categories to profit centers.

Work in Process (WIP) to FI.

Variance categories to profitability analysis.

Balance of the production order to FI.

Work in Process (WIP) to profitability analysis.

Retirement of the asset

Change of the depreciation key of the asset

Unplanned depreciation of the asset

Change of the useful life of the asset

The requirement of track the inventories values in more than one currency in SAP ERP.

Multi level price determination can calculate the variances that flowed to the higher levels of production process.

Material ledger can be used to revaluate products or raw materials based on actual prices during the period-end closing.

All the above.

Use two requirement classes in the sales order item.

Use two results analysis keys in the sales order item.

Use two results analysis versions in the IMG

Use two separate sales order items.

Value field derivation

Costing sheet

Substitution

Results analysis

Business scenarios

Business blueprint

Business content

Business documentation

Assessment of fixed portions based on any value field of the market segments.

Assessment of posted amounts based on any value field of the market segments.

Assessment of posted amounts based on any derivation rule of characteristics.

Assessment of fixed portions based on statistical key figures of the market segment.

Cost center or internal order (order category 2) as a credit object

Secondary cost element (category 31) as an accrual cost element

Accrual settlement rules for the cost center

Primary cost element (category 3) as an accrual cost element

I - Sales order item

M - Material

E - Internal activity

K - Cost center

B - Base planning object

Assignment of source cost elements to allocation cost elements.

Assignment of distribution rules to certain cost elements.

Assignment of master data to characteristics.

Assignment of cost elements to value fields.

Function modules are automatically imported via Support Packages.

Function modules have to be released by SAP.

Function modules are reusable subroutines.

Function modules can be called out of ABAP programs.

Internal order.

Profit center.

Profitability segment.

Cost center

WBS element.

Implementation

Optimization

Retirement

Operations

Validation

One company code to one controlling area (1:1).

One company code to multiple controlling areas (1:n).

Multiple company codes to one controlling area (n:1).

Multiple company codes to multiple controlling areas (n:n).

Target cost version 0–total variance

Target cost version 1–production variance

Target cost version 2–planning variance

Target cost version 3–production variance of the period

Set the Variances indicator in the settlement profile

Assign an allocation structure to the settlement profile.

Set the To Be Settled in Full indicator in the settlement profile.

Assign a PA transfer structure to the settlement profile

Previous material movements are revaluated.

Existing stock is valuated with the new price.

Moving average price is adjusted.

New standard price is set.

The profit center is assigned to the cost center master data.

The profit center is assigned to sales order

The profit center is assigned to material master.

All the above.

Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads.

We can post both planned as well as actual statistical key figures.

The fixed value statistical key figure is posted in the period in which it is entered.

We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures.

Activity type

Cost center

Allocation cycle

Activity price

Secondary cost element

Use moving average price for all materials.

Use actual activity price determination in Cost Center Accounting.

Implement Actual Costing in the Material Ledger.

Implement Transfer pricing in the Material Ledger.

The posting cannot be saved.

The posting will be assigned to the dummy profit center.

The posting will only be posted to the original assigned CO object.

The posting will be assigned to the top node of the profit center standard hierarchy.

The currency of new & old company code is same.

The planning data has only been posted in the fiscal year.

The cost center has not been assigned to a fixed asset, HR master record or work center

The transaction data has been posted in the fiscal year

Component scrap is used in MRP to determine the input quantities of component.

The system increases the lot size.

The system increases the quantity to be produced.

All the above.

Costing runs to update the standard prices have to run generally under observation of an external auditor.

You are only allowed to use one single costing variant to update standard prices per period and company code.

You are only allowed to use iterative activity prices in material cost estimates which update standard prices.

You are only allowed to use material cost estimates with quantity structure to update standard prices.

Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.

Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.

Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.

Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.

Activating and using availability control for cost centers.

Creating a substitution rule in the IMG.

Creating a lock amount on the control tab in the cost center master data.

Creating a validation rule in the IMG.

To calculate a price for an internal activity

To calculate a simulated product without a material master

To update the plan data of a production order

To update the standard price of a reference material

Valuation class

Price determination

Price control

Valuation type

After creating the delivery

After posting goods issue

After saving the order

After a new planning run

The inventory in a project stock always shows the same valuation as in the common stock of the material.

At period-end closing; the inventory in a valuated project stock is additionally posted as work in process on the project.

The valuated project stock is simple to handle because there is always only one per project.

Creating an inventory will result in an inventory posting instead of a cost posting.

Controlling area

Operating concern

Company code

Business area

Functional area

1-i., 2-iii.,3-ii.,4-v.,5-iv.

1-iv., 2-ii.,3-iii.,4-v.,5-i.

1-ii.,2-iii.,3-i.,4-v.,5-iv.

1-v., 2-iii.,3-ii.,4-v.,5-i

Process models

Business requirements

Project charters

Test cases

Functional solution designs

Adjust the default rule in the default values for the production order type.

Use an internal order in addition to the production order.

Use a product cost collector in addition to the production order.

Adjust the costing type of the plan costing variant.

Assign a cost element with type 43 (internal activity allocation) to the routing operation.

Assign a cost center with category "production" to the routing operation.

Assign a cost center and its activities to the corresponding work center.

Assign a cost center and its activities directly to the routing header.

Cost component split of the order cost.

Characteristic values of the settlement rule.

Variance categories of the internal order.

All information of the internal order master data.

Controlling area

Company code

Business area

Plant

Variances cannot be determined for this production orders

Combined quantity and value flow

Assembly costs shown without multi-level make-to-production

Provides a cost component split for the cost of goods sold.

Refine the asset valuation area settings and the account determination logic for assets.

Refine the cost component structure in CO-PC and optimize the assignment to value fields.

Define a cost splitting structure in the overhead surcharges to different characteristics in CO-PA.

Use an allocation structure in the assessment cycle to CO-PA to assign different cost elements to different value fields

Low Volume data

Cross Application reporting

Collecting data from different systems

Combining legacy system data with CO-PA data

All the above

Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government& tax authorities.

Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization.

Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management.

Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business.

The exception can be applied to entire list of the report.

The exception can be defined on a drill-down list.

The exception consists of two threshold values.

The exception is not visible if we drill down to next level.

ERP Quality Management (QM)

ERP Finance (Fl)

Internet Pricing and Configurator (IPC)

ERP Pricing (SD)

ERP Costing (CO)

To specify parameter values for background processing.

To optimize the runtime of a report.

To predefine values for complex selection screens.

To permit quick navigation between CO objects.