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| Section | Objectives |
|---|---|
| Internal Orders | - Commitment and actual postings and settlement - Configure internal order types and attributes |
| Cost Element Accounting | - Integration with Financial Accounting - Configure and interpret cost element types |
| Product Cost Controlling | - Analyze variances for cost objects - Understand integration with material valuation |
| Organizational Structure in Management Accounting | - Define and describe Controlling area and assignment - Understand organisational levels relevant for CO processes |
| Cost Center Accounting | - Define and create cost centers and hierarchies - Perform planning and allocations for cost centers |
| Reporting and Integration | - Generate CO reports (cost center, internal orders, etc.) - Understand integration with FI and other SAP modules |
| Profitability Analysis (CO-PA) | - Configure costing based CO-PA - Define characteristics and value fields |
Question 1
Which postings can be triggered by the settlement of a production order? Note: There are 3 correct answers to this question.
A. Balance of the production order to FI.
B. Work in Process (WIP) to FI.
C. Work in Process (WIP) to profitability analysis.
D. Variance categories to profit centers.
E. Variance categories to profitability analysis.
Question 2
Which information is transferred when you settle an Internal Order to costing-based CO-
PA?
A. Cost component split of the order cost.
B. All information of the internal order master data.
C. Variance categories of the internal order.
D. Characteristic values of the settlement rule.
Question 3
A customer wants you to explain the results of the preliminary costing of a production order. How are the results determined?
A. The standard cost estimate is copied from the material master and adjusted by the order quantity.
B. The actual quantities are valuated with plan values.
C. The costs are determined by the cost estimate of the reference order.
D. The quantity structure in the production order is valuated by the costing variant settings.
Question 4
The system does not allow you to create a primary cost element.
What do you check first?
A. Whether the 6/L account currency is the same as the controlling area currency
B. Whether the P/L account exists
C. Whether the balance sheet account exists
D. Whether the cost element category is valid
Question 5
Which of the following is a typical sequence of steps in a Purchase to Pay process?
A. Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts
Payment
B. Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification Payment
C. Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification Payment
D. Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts
Payment
Solutions:
| Question 1 Answer: A,B,E | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: C |
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