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Practice Free C_TS4CO_2021 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Exam Questions Answers With Explanation

We at Crack4sure are committed to giving students who are preparing for the SAP C_TS4CO_2021 Exam the most current and reliable questions . To help people study, we've made some of our SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) exam materials available for free to everyone. You can take the Free C_TS4CO_2021 Practice Test as many times as you want. The answers to the practice questions are given, and each answer is explained.

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Question # 6

In SAP S/4HANA, you have decided to activate only account-based profitability analysis for your organization. You want to settle costs and revenue of a sales order item to a profitability segment. What do you need to configure?

A.

Source structure

B.

Allocation structure

C.

Cost component structure

D.

PA transfer structure

Question # 7

At what level do you create the structure of the operating concern?

A.

Sales organization level

B.

Controlling area level

C.

Client level

D.

Company code level

Question # 8

Which parameters are controlled by the costing type in a costing variant? Note: There are 2 correct answers to this question.

A.

Save with date key

B.

Price updates

C.

Costing sheet

D.

Price for materials

Question # 9

You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle?

A.

Cycle iteration

B.

Tracing factor

C.

Sender cost objects

D.

Template

Question # 10

What are the some of the characteristics of Profit Center Accounting in SAP S4/HANA? Note: There are 2 correct answers to this question.

A.

It can be used in the settlement rule for internal order.

B.

It is integrated in the universal journal.

C.

It can be used with period and/or cost of sale accounting.

D.

It is possible to derive the profit center from the segment in configuration.

Question # 11

Which statement best describes the Query Browser for reporting?

A.

It is a desktop browser that integrates with SAP S/4HANA.

B.

It is the frontend used to define reports in Analysis for Office.

C.

It is available as an additional license product in SAP S/4HANA.

D.

It is a design studio app that comes as standard SAP Fiori content.

Question # 12

What can you configure in the settlement profile? Note: There are 2 correct answers to this question.

A.

Define document management parameters.

B.

Determine an overhead key.

C.

Determine whether settlement is required.

D.

Define a number range for settlement document.

Question # 13

You want to maintain a cost component structure. What can you determine for each cost component? Note: There are 3 correct answers to this question.

A.

Relevance of cost component to inventory valuation

B.

Assignment of cost component to calculation base for overheads in costing sheet

C.

Relevance of cost component to results analysis

D.

Relevance of cost component to goods manufactured

E.

Assignment of cost component of cost component group

Question # 14

For which of the following situations would you need to implement the transfer price solution in SAP S4/NANA?

A.

Parallel variation views of the same logistical flows are needed to differentiate between legal and profit center valuation.

B.

Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.

C.

Parallel accounting is needed in order to be compliant with different accounting principles.

D.

Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.

Question # 15

You are running an indirect activity allocation. What do you post to the sender and receiver?

A.

You post only cost to both the sender and receiver.

B.

You post quantity and cost to both the sender and receiver.

C.

You post both quantity and cost to the sender, and cost only to the receiver.

D.

You post both quantity and cost to the receiver, and cost only to the sender.

Question # 16

Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question.

A.

Cost center/activity type

B.

Internal order

C.

WBS element

D.

Business process

Question # 17

To which object can you settle an internal order using cost elements with cost element category 21 (internal settlement)? Note: There are 3 correct answers to this question.

A.

Sales order item

B.

WBS element

C.

General ledger account

D.

Network

E.

Asset

Question # 18

What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question.

A.

Cost centers

B.

Statistical key figures

C.

Activity type

D.

Cost element

Question # 19

You have implemented Product Cost by Sales Oder in conjunction with revenue-based results analysis in your organization.

For a particular sales order item, you have the following:

Plan revenue = 3000; Plan costs = 2000

Actual revenue = 1200; Actual costs = 1000

What data does the system calculate during results analysis?

A.

Revenue = 1200; Cost of sales = 800; Reserve = 200

B.

Revenue = 1200; Cost of sales = 1000; Reserve = 200

C.

Revenue = 1200; Cost of sales = 1000; WIP = 200

D.

Revenue = 1200; Cost of sales = 800; WIP = 200

Question # 20

What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are 2 correct answers to this question.

A.

Cost of goods sold split by cost components

B.

Value of "Gross Margin 2"

C.

Production variances split by variance categories

D.

Value of conditions of pricing procedure

Question # 21

Which receiver must be allowed in the settlement profile of product cost collector?

A.

Cost center

B.

Material

C.

Order

D.

G/L Account

Question # 22

In the Product Cost by Order process, what does the system calculate depending on the order status?

A.

Both WIP and variances

B.

WIP at actual costs or variances

C.

WIP at target costs or variances

D.

WIP at percentage of completion (PoC) method or variances

Question # 23

You post a billing document for a sales order with sales order controlling. What data flows to Profit Center Accounting? Note: There are 2 correct answers to this question.

A.

Sales deductions

B.

Order quantity

C.

Payment Discount

D.

Revenues

Question # 24

What can you do with statistical internal orders?

A.

Apply overhead rates to the internal order.

B.

Settle costs to a cost center.

C.

Simultaneously post to a cost center.

D.

Transfer posting to another internal order.

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