C_TS412_2021 Practice Exam Questions with Answers SAP Certified Application Associate - SAP S/4HANA Project Systems Certification

Partial confirmation of activities is a planning method that allows you to confirm a part of an activity’s duration or work. This prevents further rescheduling of the activity because the confirmed part is fixed and cannot be changed. The remaining part of the activity can still be rescheduled according to the project progress and resource availability. Reference:https://help.sap.com/viewer/0c9a2f8f9c1b4a2e8b3f7d0c9b6e1d8a/2020.000/en-US/4c5f7a3e6b571014e10000000a174cb4.html

Basic dates and planned dates are some of the sets of dates that can be used to schedule networks. Basic dates are the earliest possible start and finish dates of an activity or a network, based on its dependencies and constraints. Planned dates are the scheduled start and finish dates of an activity or a network, based on its basic dates and available capacities. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

To control whether a project stock is managed as valuated or non-valuated project stock, you have to maintain the setting in the material master. The material master is a set of data that defines the characteristics and properties of a material that can be produced or procured. The material master contains various views that store different types of information about a material, such as basic data, sales data, purchasing data, accounting data, and so on. In the accounting view of the material master, you can specify whether a material is relevant for valuated project stock or not by using the Valuation category field. The valuation category is a parameter that determines how a material is valuated in different stock accounts. If you select Q as the valuation category for a material, it means that the material is relevant for valuated project stock and its value is updated in Financial Accounting. If you leave the valuation category blank for a material, it means that the material is relevant for non-valuated project stock and its value is not updated in Financial Accounting. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

To carry out the internal project work as soon as possible, you have to maintain the control key of an activity in capacity requirements planning. Capacity requirements planning is a process that determines the capacity requirements and availability for work centers or resources that are used to execute project activities. The control key is a parameter that defines the basic properties of an activity, such as whether it is internally or externally processed, whether it requires confirmation or not, and whether it is relevant for scheduling or not. The control key also determines whether an activity is relevant for capacity requirements planning or not. To carry out the internal project work as soon as possible, you have to use a control key that activates capacity requirements planning for the internal activities. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

“The typical sequence for the following business transactions and documents is: Vendor selection – Purchase order handling – Purchase order monitoring – Goods receipt – Invoice receipt.”References: 1

 Revenue planning and posting for WBS elements is a function that allows you to plan and record revenues for customer projects. The crucial prerequisite for this function is that a sales order item has to be assigned to each WBS element used for revenue planning. The sales order item serves as a reference object for revenue recognition and billing. You can assign a sales order item to a WBS element in the Billing Plan tab of the WBS element master data. Reference:https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html? &version=1909.002

Billing plans can be created for WBS elements and sales order items. Billing plans areused to define billing dates and billing amounts for periodic or milestone billing. WBS elements can be assigned to billing plans if they are assigned to a sales document item or if they have a billing element indicator set. Sales order items can be assigned to billing plans if they have a relevant item category and billing relevance. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

The prerequisites for resource-related billing are a dynamic item processor (DIP) profile with the appropriate settings and an activity-account-assigned network that is assigned to a sales order item. Resource-related billing is a process that allows you to bill customer-specific services based on individual materials, internal activities, and costs. The prerequisites for resource-related billing are:

• A dynamic item processor (DIP) profile with the appropriate settings: A DIP profile is a parameter that defines how billing requests are created from project data, such as activities, materials, PRTs, and so on. A DIP profile contains various settings, such as which data sources are used, how prices are determined, how quantities are calculated, and so on. You have to create and maintain DIP profiles in Customizing for Project System under Revenues and Earnings Integration with SD Documents Dynamic Item Processor .
• An activity-account-assigned network that is assigned to a sales order item: An activity-account-assigned network is a network that has its activities assigned to different account assignments, such as cost centers, orders, or sales orders. An activity-account-assigned network that is assigned to a sales order item means that some or all of its activities are assigned to an item of an SD document (such as standard order) with controlling object. This enables costs and revenues to be updated in both the SD document and the controlling object.

Settlement, progress analysis, and results analysis are some of the functions available for period end closing in SAP Project System. Settlement is used to allocate the costs andrevenues in projects or the results analysis data to one or more receivers, such as cost centers, profitability segments, or assets. Progress analysis is used to determine and compare the planned and actual project progress values, based on the overall planned costs and the work done. Results analysis is used to perform a periodic valuation of the project, based on the costs and revenues expected or incurred in the project. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

One possible reason for the error message “Business transaction cannot be carried out” when releasing a network is missing authorizations to release material components. Material components are materials that are required for executing a network activity. To release material components, you need to have the authorization object C_AFKO_ATY with the activity 02 (change) for the order type of the network. Reference:https://answers.sap.com/questions/7530952/the-business-transaction-cannot-be-carried-out-mes.html

Float time is the amount of time that an activity or a WBS element can be delayed without affecting the end date of the project. Float time can be negative if an activity or a WBS element is already behind schedule. The float time of WBS elements is calculated by extrapolating the float times of their subordinate activities. The free float is the amount of time that an activity can be delayed without affecting the start date of its successor activities. The total float is the amount of time that an activity can be delayed without affecting the end date of the project. Therefore, the maximum size of a free float is as large as the total float of an activity. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html