C_TS4CO_2023 Practice Exam Questions with Answers SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Management Accounting Certification

Detailed Explanation:Purchase requisitions create commitments against budgeted amounts in SAP S/4HANA. This step allows tracking anticipated expenses, ensuring budgets are not exceeded when actual costs are incurred.

Detailed Explanation: The transfer price solution in SAP S/4HANA is used when parallel valuation views (option D) are required, especially to distinguish between legal and group valuations. This is critical for consolidated reporting and managing internal pricing within multiple organizational entities.

Detailed Explanation:SAP’s clean core guiding principles involve reducing custom code modifications and using release management to maintain a manageable and upgradeable SAP environment. Integrating clean core practices throughout the process chain and defining roles for transformation are key to sustaining streamlined operations within SAP S/4HANA.

Detailed Explanation: For maintaining plan prices of a cost center, the activity type master record should include the CO version (option B), valid cost center categories (option C), and the activity type category (option D). These attributes ensure accurate cost allocation and pricing within SAP S/4HANA.

Detailed Explanation:The cost of sales accounting method in SAP S/4HANA is used to present revenues alongside sales-related expenses, facilitating margin analysis and providing a clear picture of profitability directly related to sales.

Detailed Explanation: Profitability Analysis (CO-PA) aims to assess the performance of market segments (option A) and monitor whether sales teams meet their margin targets (option C). This provides valuable insights into product and market profitability for strategic decision-making.

Detailed Explanation: The ABAP Cloud Development Model (option C) is specifically designed for ABAP-native cloud development, supporting SAP S/4HANA Cloud environments. This model aligns with SAP's development strategies for cloud-native solutions, offering extensibility and integration capabilities.

Detailed Explanation: A single costing run can handle inventory cost estimates for materials in a single plant (option B) and standard cost estimates for all materials within a controlling area’s company codes (option D). This functionality optimizes cost estimations across production locations in SAP S/4HANA.

Detailed Explanation:CDS views in SAP S/4HANA offer real-time access to data (no latency) and come with ready-to-use content. They also support authorizations, ensuring data security within reporting frameworks.

Detailed Explanation:Time-based fields in SAP S/4HANA are essential for configuring cost centers and activity types, allowing changes in validity periods and assignments. This enables better tracking and management of resource planning over time.

Detailed Explanation: Business process price calculation (option B) and cost center/activity type price calculation (option D) split costs into primary cost components. These processes allow more detailed cost tracking by itemizing primary costs, aiding transparency in SAP S/4HANA Management Accounting.

Detailed Explanation: Budget availability control in SAP S/4HANA allows checking funds based on overall plan value (option C) and tolerance limits (option D). These checks ensure effective budget management across projects and internal orders.

Detailed Explanation: Product Cost by Order is suitable for scenarios requiring full cost traceability (option B) and individual control of production lots (option C). This is especially useful in discrete manufacturing environments where specific lot costing is necessary.

Detailed Explanation:Statistical key figures can be entered for cost elements, cost centers, and internal orders in SAP S/4HANA, which serve as basis quantities in allocation cycles to distribute costs across various dimensions.

Detailed Explanation:SAP S/4HANA’s results analysis functionality calculates values like reserves for unrealized costs, work in progress, and cost of sales, providing a comprehensive view of ongoing projects and inventory status. This helps businesses manage financial outcomes and profitability better.

Detailed Explanation: In product cost calculations, marking the cost indicator in the control key (option C) and the Relevance to Costing indicator in the operation (option D) ensures specific operations are included. This setup enables cost-effective routing management in SAP S/4HANA.

Detailed Explanation: A status profile allows you to define initial statuses (option C) and control specific transactions (option D). Additionally, it helps set order-specific rules for users (option B). These functions enable better control over internal order processing in SAP S/4HANA.

Detailed Explanation:To activate integrated planning for internal orders in SAP S/4HANA, you need to set indicators in both the CO version and the internal order master record. This setup allows for the integration of budget and actuals for better planning and tracking within Management Accounting.

Detailed Explanation: Manual cost allocation allows for simple allocations of actual data (option B) and correction of secondary postings (option C). This functionality is helpful in making quick adjustments without running complex allocation cycles in SAP S/4HANA Management Accounting.