Questions and Answers
What is captured in general ledger accounts?
Which of the following can be determined for each cost component? (Select all that apply)
What default value can be configured for the product cost collector?
Which documents can create commitments against the budget in cost management?
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What is the optimal way to configure the relationship between operating concerns and controlling areas in a multi-company setup?
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Why is manual cost allocation used in Controlling? (Select all that apply)
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Which of the following can be included in templates for activity-based costing? (Select all that apply)
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What type of costs are considered secondary costs in a controlled setup?
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Which master data objects can you set up using time-based fields? Select two.
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Which receiver is required in the settlement profile of a product cost collector?
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During results analysis, what calculation is performed for a sales order item with given actual and planned revenues and costs?
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Which statements best describe Product Cost by Order? Select two.
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What can be managed via the account assignment category? Select two.
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In the Product Cost by Order process, what does the system calculate based on order status?
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What object is used to create a new standard cost estimate based on an existing one?
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Which allocation method should you use to allocate primary and secondary costs from one cost center to another?
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For which of the following objects can statistical key figures be entered? (Select all that apply)
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What should you check in the configuration to understand why costs are collected on sales order item level? (Select all that apply)
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Which functions are available for cost center budget management? (Select all that apply)
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Which statements about the unique attributes of an assessment cycle in Controlling are correct? (Select all that apply)
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What best describes Product Cost by Period? (Select all that apply)
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Which parameters are controlled by the costing type in a costing variant? (Select all that apply)
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What are the common methods to implement costing-based Profitability Analysis in an organization?
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Which setting in the cost center master data is used to assign the same attributes to similar cost centers?
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Which steps are required to update the standard price of the material when creating a new cost estimate? (Select all that apply)
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Which processes are involved in splitting costs into their primary cost components? (Select all that apply)
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When running an indirect activity allocation, what do you post to the sender and receiver?
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To determine which operations of the routing should be considered in a product cost calculation, which methods are appropriate? (Select all that apply)
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In the material master record, what are the planned prices used for? (Select all that apply)
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What data does the system calculate during results analysis for a specific sales order item with given planned and actual revenues and costs?
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What must be done to release a cost estimate in order to make updates to the standard price?
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Which activities are related to configuration? (Select all that apply)
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What are valid receivers for a direct internal activity allocation? (Select all that apply)
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To which object is a costing sheet assigned?
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How can the overhead rate be defined in a costing sheet? (Select all that apply)
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What configuration is necessary to enable WIP calculation in Product Cost by Period?
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Which steps are involved in deriving the requirement type from the material master data? (Select all that apply)
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At what level is the valuation method for results analysis defined?
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Which attributes must be configured in the activity type master record for maintaining plan prices? (Select all that apply)
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Study Notes
General Ledger and Cost Elements
- Only primary costs are recorded in the general ledger accounts, while both primary and secondary costs are captured in cost elements.
- Secondary costs are documented in extension ledgers (CO) that refer to the leading ledger.
Cost Component Structure
- Relevance of cost components includes considerations for goods manufactured, inventory valuation, and results analysis.
- Cost components can be assigned to groups and control overhead calculation bases on costing sheets.
Product Cost Collector Configuration
- Default values for the product cost collector include Results Analysis (RA) key and Variance variant.
Commitment Management in SAP S/4HANA
- Documents capable of creating commitments against a budget are purchase orders, invoices for project-related expenses, purchase requisitions, and goods receipts.
Manual Cost Allocation Usage
- Manual allocation is utilized to apply costs using an allocation cycle and for simple allocations of actual or plan data.
Operating Concerns and Controlling Areas
- The optimal configuration is to maintain one operating concern and one controlling area for efficient management across multiple company codes.
Activity-Based Costing Templates
- Templates can include various objects relevant to activity-based costing.
Cost Center Master Data Attributes
- Attributes for similar cost centers can be assigned using cost center categories or standard hierarchy nodes.
Standard Cost Estimate Updates
- To update standard pricing for materials, essential steps include activating, running, marking, and releasing the cost estimate.
Cost Splitting Processes
- Costs are split into primary components through assessment cycles and various price calculations.
Indirect Activity Allocation Posting
- In indirect allocations, quantity and cost are posted to both sender and receiver or only to the sender as per specific allocation methods.
Product Cost Calculation Operations
- Operations relevant to product costing can be defined through usage keys and cost indicators assigned within routings.
Planned Prices in Material Master
- Planned prices are used for valuating future goods movements and for reporting purposes.
Results Analysis Calculations
- For product cost by sales order, results analysis calculates revenues, cost of sales, and WIP based on actual and planned values.
Time-Based Fields and Master Data
- Master data objects that utilize time-based fields include statistical key figures, activity types, and cost centers.
Settlement Profile Requirements
- The settlement profile for a product cost collector must allow for specific objects such as materials and sales order items.
Unique Attributes of Assessment Cycles
- Assessment cycles are defined with iterative processing, transferring both primary and secondary costs while leveraging original cost elements.
Product Cost by Period Characteristics
- This method suits stable production processes and includes WIP analysis based on actual costs.
Costing Type Parameters
- Costing variants control pricing for materials and updates based on specific costing types.
Costing-Based Profitability Analysis Activities
- Configuration requires defining characteristics, assigning value fields to conditions, and configuring account determinations.
Direct Internal Activity Allocation Receivers
- Valid receivers for activity allocation include profit centers, sales order items, internal orders, and WBS elements.
Costing Sheet Assignments
- Costing sheets are assigned to costing variants for calculation consistency and organization.
Defining Overhead Rates
- Overhead rates can be determined as fixed values, percentage rates, or based on quantity surcharges.
WIP Calculation for Product Cost by Period
- Enabling WIP calculation necessitates configuration adjustments in profitability analysis and related profiles.
Deriving Requirement Type
- The requirement type is derived from combinations of MRP and strategy groups according to predefined methods.
Valuation Method for Results Analysis
- The valuation method for results analysis is defined at the controlling area level.
Activity Type Plan Price Maintenance
- Required attributes in activity type records include valid cost center categories, output quantities, and price indicators.
Cost Capture in SAP S/4HANA
- Costs in SAP S/4HANA are captured through detailed tracking within both primary and secondary classifications for comprehensive financial management.
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Description
Test your knowledge on cost component structures in accounting. This quiz covers primary and secondary costs, their representations in general ledger accounts, and the relevance of cost components to goods manufacturing. Get ready to challenge yourself with three correct answers related to cost elements!
