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SAP C_TFIN22_67 SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 Exam Practice Test

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Total 255 questions

SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 Questions and Answers

Question 1

What options are provided by SAP Business Warehouse (SAP BW) when creating financial reports? (Choose two)

Options:

A.

You can display an analysis in Microsoft Access using the Business Explorer viewer.

B.

You can display an analysis on the Web using Enterprise Portal and BEx Web Analyzer.

C.

You can convert a Microsoft Excel pivot table query into an SAP BW report.

D.

You can export a Web report to a BEx Web Analyzer report.

Question 2

Which step of the sales from stock process creates the cost of goods sold in costing-based CO-PA?

Options:

A.

Creating the billing document.

B.

Creating the transport order.

C.

Creating the outbound delivery.

D.

Creating the sales order.

Question 3

When settling an investment order for an unfinished asset, the customer, by law, needs to settle the order to an asset under construction (AuC).

How can this be accomplished in the system?

Options:

A.

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

B.

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

C.

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

D.

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

Question 4

What are the period end closing activities for sales order without production i.e. service?

There are 2 correct answers to this question.

Response:

Options:

A.

Result analysis to calculate the costs and revenues of the cost object

B.

The revenues and costs of the sales are settled to financial accounting and profit center accounting

C.

Stocks and reserves are settled to profitability

D.

Create a debit memo based on CO line items

Question 5

What is the correct sequence of the critical tasks in a New General Ledger Accounting migration?

Options:

A.

1. Close previous fiscal year using classic G/L

2. Switch off classic G/L

3. Perform new G/L migration and turn on new G/L

B.

1. Close previous fiscal year using classic G/L

2. Perform new G/L migration and turn on new G/L

3. Switch off classic G/L

C.

1. Switch off classic G/L

2. Perform new G/L migration and turn on new G/L

3. Close previous fiscal year using classic G/L

D.

1. Perform new G/L migration and turn on new G/L

2. Close previous fiscal year using classic G/L

3. Switch off classic G/L

Question 6

A company wants to use Profitability Analysis (CO-PA) to obtain an early analysis of their anticipated profits. Which functionality provides the best results?

Options:

A.

Transfer the plan balance data from Fl to account-based CO-PA and use record type "F" for analysis.

B.

Analyze sales quotation as a detail value.

C.

Transfer the plan data from the "Sales and operation planning" to costing-based CO-PA and use record type "P" for analysis.

D.

Transfer sales orders and quotations from SD to costing-based CO-PA and use record type "A" for analysis.

E.

Transfer sales orders and quotations from SD to account-based CO-PA and use record type "F" for analysis.

Question 7

A customer wants to settle an internal order to cost centers, but receives an error message. What do you check?

Please choose the correct answer.

Response:

Options:

A.

The system and the user status.

B.

The sender and receiver to be assigned to the same profit center.

C.

The PA transfer structure of the order.

D.

The costing sheet.

Question 8

In customization for costing based CO-PA we assign costs and revenues to the required value field. Match the following sources of value fields.

1 Cost Estimate i. Fixed Cost of Goods Manufactured

2 WBS Elements ii. Freight costs

3 General ledger Posting iii. Research & development costs

4 Production order iv. Estimated bonuses

5 Additional costs v. Production Variances

Please choose the correct answer.

Response:

Options:

A.

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

B.

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

C.

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

D.

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

Question 9

Which information is transferred when you settle an Internal Order to costing-based CO-PA?

Options:

A.

Cost component split of the order cost.

B.

Characteristic values of the settlement rule.

C.

Variance categories of the internal order.

D.

All information of the internal order master data.

Question 10

When do you calculate variances for a production order with order controlling?

Options:

A.

At the end of each period, independent of the order status.

B.

After the final delivery of the production order.

C.

After the first partial delivery of the production order.

D.

After the final confirmation for the last operation.

Question 11

You want to receive internal activities in the material cost estimate by using a routing. How do achieve this?

Please choose the correct answer.

Response:

Options:

A.

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

B.

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

C.

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

D.

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

Question 12

When creating an internal order, which data is derived from the order type? (Choose two)

Options:

A.

Settlement rule

B.

Settlement profile

C.

Commitment profile

D.

Model or reference order default entries

Question 13

In variance calculation we are using actual costs as the control costs and planned costs as the target costs. Which target cost version we are using?

Please choose the correct answer.

Response:

Options:

A.

Target cost version 0–total variance

B.

Target cost version 1–production variance

C.

Target cost version 2–planning variance

D.

Target cost version 3–production variance of the period

Question 14

Which of the following statement not correct with reference to overhead costing sheets?

Please choose the correct answer.

Response:

Options:

A.

It allows to differentiate overhead cost rates or amounts by plant.

B.

It allows to differentiate overhead cost rates or amounts by company code.

C.

It allows to differentiate overhead cost rates or amounts by profit center.

D.

It allows to differentiate overhead cost rates or amounts by material origin.

Question 15

A controlling area has been created for more than one company code. Which of the following statement are not correct?

Please choose the correct answer.

Response:

Options:

A.

The operating chart of accounts for company codes & controlling area has to be identical.

B.

The profit centre covers more than one company codes.

C.

The closing in management accounting is independent of final closing in financial accounting.

D.

Group costing is required for goods manufactured across the company code.

Question 16

A customer using account based CO-PA sells material from stock. How is the 'cost of goods sold' transferred and valuated?

Options:

A.

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

B.

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

C.

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

D.

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

Question 17

A customer plans to prepare their processes for legal consolidation. Which options are possible to assign the trading partner in the system? (Choose two)

Options:

A.

The trading partner can be assigned in the material master directly.

B.

The trading partner can be assigned in a profit center directly.

C.

The trading partner can be assigned in G/L accounts directly.

D.

The trading partner can be assigned in customer and vendor master records.

Question 18

For which purpose can you use the result of a reference and simulation cost estimate?

Options:

A.

To calculate a price for an internal activity

B.

To calculate a simulated product without a material master

C.

To update the plan data of a production order

D.

To update the standard price of a reference material

Question 19

A customer complains that in various Fl postings both fields, cost center and internal order, are mandatory. Which setting causes these two fields to be mandatory?

Options:

A.

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

B.

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

C.

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

D.

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

Question 20

For which of the following objects can you use a standard movement type to post a goods issue directly from the valuated stock? (Choose three)

Options:

A.

Profit center

B.

Project (WBS element)

C.

Work center

D.

Cost center

E.

Production order

Question 21

You are using plan revaluation function in CO Planning. Which of this statement is correct?

Please choose the correct answer.

Response:

Options:

A.

It can be used to create a new plan based on planned version or actual version.

B.

You do not need to manually rekeying the plan.

C.

You can maintain different planned version.

D.

All the above

Question 22

Which of the following allocation methods in cost center accounting use secondary cost elements? (Choose three)

Options:

A.

Activity allocation

B.

Periodic reposting

C.

Distribution

D.

Overhead surcharges

E.

Assessment

Question 23

Which of the following SAP Life-Cycle Data Management functions provides the integration of external files into SAP ERP?

Options:

A.

Variant Configuration Management

B.

Engineering Change Management

C.

Document Management

D.

Product Structure Browser

Question 24

What are the impacts on an S price controlled material when releasing a material cost estimate? (Choose two)

Options:

A.

Previous material movements are revaluated.

B.

Existing stock is valuated with the new price.

C.

Moving average price is adjusted.

D.

New standard price is set.

Question 25

What does the planner profile in cost center accounting determine?

Options:

A.

The available planning layouts.

B.

The required planning sequence.

C.

The available planning level.

D.

The available planning methods (for example, top-down, forecast).

Question 26

What can be sender & receiver in distribution?

Please choose the correct answer.

Response:

Options:

A.

Sender– Cost center, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process.

B.

Sender– Cost center, internal order, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process.

C.

Sender– Cost center, cost object, project, business process. Receiver– Cost center, internal order, WBS element, cost object, business process.

D.

Sender– Cost center, business process. Receiver– Cost center, internal order, WBS element, cost object, business process.

Question 27

While working with account assignments, you need to follow certain rules. Which of the following rules need to be followed?

There are 2 correct answers to this question.

Response:

Options:

A.

You need to specify a true Controlling object in each posting item.

B.

In each posting item, you can specify up to four statistical Controlling Objects in addition to the true Controlling Object.

C.

The same Controlling Object can be specified as True and statistical in the same posting item.

D.

You can make true revenue posting to a real estate object.

Question 28

What data is retained when a material cost estimate with quantity structure is saved?

There are 3 correct answers to this question.

Response:

Options:

A.

Itemization

B.

Log

C.

Extract

D.

Variance categories

E.

Cost component split

Question 29

Report Writer library is a collection of?

Please choose the correct answer.

Response:

Options:

A.

Characteristics

B.

Basic key figures

C.

Key figures

D.

Report groups

Question 30

Which planning transactions debit receivers with secondary cost elements?

There are 2 correct answers to this question.

Response:

Options:

A.

Transfer of depreciations from Asset Accounting

B.

Activity input planning

C.

Transfer of personnel costs from SAP HCM

D.

Plan assessment

Question 31

Many of a company's customers regularly pay less than is charged on their bills, or fail to pay their bills at all. Along with normal dunning letters, the company uses a manual, not IT-based process, to track and resolve these cases.

Which application would you recommend to improve the processing of accounts receivable and to reduce outstanding invoices?

Options:

A.

SAP Cash Management

B.

SAP Credit Management

C.

SAP Billing Consolidation

D.

SAP Collections and SAP Dispute Management

Question 32

A company in a high-inflation country wants to valuate their finished products with actual costs reflecting all the latest price variances. Which method do you recommend?

Options:

A.

Use actual price determination in the material ledger

B.

Use lowest-value determination of raw materials.

C.

Activate FIFO valuation in the special ledger

D.

Valuate all materials with LIFO valuation.

Question 33

A customer wants to settle an internal order to cost centers, but receives an error message. What do you check?

Options:

A.

The system and the user status.

B.

The sender and receiver to be assigned to the same profit center.

C.

The PA transfer structure of the order.

D.

The costing sheet.

Question 34

Which of the following statements regarding the SAP NetWeaver platform are correct? (Choose two)

Options:

A.

SAP NetWeaver can power both SAP and non-SAP solutions

B.

SAP NetWeaver’s predefined IT Scenarios describe the allocation of functionality to either the ABAP or Java stack for execution

C.

SAP NetWeaver is an application platform that serves as the foundation for integrating solutions on several different levels

D.

SAP NetWeaver enables process integration through modules such as Business Intelligence and Knowledge Management

Question 35

Select the benefits of SAP Solution Manager from the list of items below. (Choose three)

Options:

A.

Integration of SAP Solutions

B.

Reduced cost of operations

C.

Separation of SAP solutions

D.

Faster ROI

E.

Lower ROI

Question 36

A customer is interested in using the SAP Solution Manager. How do you explain it to them?

Options:

A.

Provides the development and runtime environment for SAP applications and can be used for custom development and integration with other applications and systems

B.

Facilitates the exchange of information among a company's internal software and systems and those of external parties

C.

Provides business experts with an infrastructure for realizing and operating planning scenarios or other applications

D.

Provides integrated support of the life-cycle of a business solution, from the Business Blueprint, through configuration to production operation

Question 37

A customer wants you to explain the results of the preliminary costing of a production order. How are the results determined?

Options:

A.

The actual quantities are valuated with plan values.

B.

The costs are determined by the cost estimate of the reference order.

C.

The standard cost estimate is copied from the material master and adjusted by the order quantity.

D.

The quantity structure in the production order is valuated by the costing variant settings.

Question 38

What does the SAP Web AS provide?

Options:

A.

Real-time data exchange with all SAP systems.

B.

Master data harmonization cross SAP NetWeaver.

C.

J2EE and ABAP in a single environment.

D.

Storage of all transactional documents in one single database.

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Total 255 questions