C_TS4CO_2023 Exam Past Paper PDF

Question: 44 You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? Note: There are 2 correct answers to this question. A. By assigning a cost center to the work center in the operation B. By defining a usage key in the header o...

Question: 44 You want to determine which operations of the routing should be considered in a product cost calculation. How do you do this? Note: There are 2 correct answers to this question. A. By assigning a cost center to the work center in the operation B. By defining a usage key in the header of the routing C. By marking the cost indicator in the control key assigned to the operation D. By marking the Relevance to Costing indicator in the operation Answer: C, D 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. Question: 45 At what level do you create the structure of the operating concern for margin analysis? A. Sales organization B. Controlling area C. Client D. Cross client Answer: B Explanation: The structure of the operating concern for margin analysis is created at the controlling area level (option B) to enable margin analysis at a granular level in SAP S/4HANA Management Accounting. Question: 46 You create a new cost estimate. Which of the following steps are required to update the standard price of the material? Note: There are 3 correct answers to this question. A. Activate the cost estimate. B. Release the cost estimate. C. Run the cost estimate. D. Mark the cost estimate. E. Simulate the cost estimate. Answer: B, C, D Explanation: Running the cost estimate (option C), marking it (option D), and releasing it (option B) are necessary steps to update a material's standard price. This ensures that accurate, current cost data is used in inventory valuation and financial reporting in SAP S/4HANA. Question: 47 You want to use a template to consider overhead during product costing. How do you assign the template to your material? A. Using a costing key and an overhead key B. Using an overhead group and an overhead key C. Using an origin group and an overhead group D. Using a cost component group and an overhead group Answer: B Explanation: An overhead group and an overhead key (option B) are assigned to include overhead costs in product costing. This assignment enables the application of pre-defined overhead rates in SAP S/4HANA, facilitating accurate product cost calculations. Question: 48 You are considering using commitment management with internal orders. Where do you need to activate commitment management? Note: There are 2 correct answers to this question. A. In the order type B. In the controlling area C. In individual internal order master data D. In the version  Answer: A, B Explanation: Commitment management is activated at the order type level (option A) and in the controlling area (option B). This configuration is essential for tracking commitments, such as open purchase requisitions and orders, within internal orders in SAP S/4HANA Management Accounting. Question: 49 You are working in the machinery industry, and you consider implementing cost center budget management. Which functions are available for cost center budget management? Note: There are 2 correct answers to this question. A. Budget values import with CSV file B. Availability control against monthly budget amount C. Unused budget carry-forward to next fiscal year D. Budget transfer from source cost center to multiple target cost centers Answer: A, D Explanation: In SAP S/4HANA, cost center budget management includes the ability to import budget values via CSV (option A) and transfer budgets from one cost center to multiple others (option D). These features support streamlined budget adjustments and allocations, crucial for managing costs in the machinery industry. Question: 50 Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question. A. Standard cost estimate of all the materials in all controlling areas B. Inventory cost estimate of all the materials in one plant C. Current cost estimate of all the materials in one plant D. Standard cost estimate of all the materials in all company codes of a controlling area Answer: B, D 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. Question: 51 Which of the following can you use to explore released APIs? A. SAP Application Interface Framework B. SAP Integration Suite C. SAP Business Accelerator Hub Answer: C Explanation: The SAP Business Accelerator Hub (option C) is the platform where users can explore released APIs for various SAP applications, including SAP S/4HANA, facilitating seamless integration and extensibility. Question: 52 What can you configure in the settlement profile? Note: There are 2 correct answers to this question. A. Determine whether settlement is required. B. Determine an overhead key. C. Define a number range for settlement documents. D. Define settlement document type. Answer: A, D Explanation: In the settlement profile, you can configure whether settlement is required (option A) and define the document type for settlement (option D). These settings are crucial in managing cost flows and ensuring accurate settlements in SAP S/4HANA. Question: 53 You are implementing SAP S/4HANA, and you want to run analytical reports off a single data model. How is data reported on in SAP S/4HANA? A. Reporting on data is available in near real-time for aggregated tables. B. Reporting on data is available in real-time at every level of detail. C. Reporting on data is available in real-time if in conjunction with SAP BW/4HANA. D. Reporting on data is available in real-time only for aggregated level of detail. Answer: B Explanation: SAP S/4HANA provides real-time reporting at every level of detail (option B) by leveraging the Universal Journal, which consolidates various data types, supporting comprehensive and timely data analysis without additional ETL processes. Question: 54 Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question. A. It is used to analyze costs by individual production lots. B. It is used in conjunction with a product cost collector. C. It is used when the focus of controlling is on a stable and continuous production process. D. It is used to analyze work in process (WIP) based on actual costs. Answer: B, C Explanation: Product Cost by Period (PCP) is typically used with a product cost collector (option B) and is suitable for stable production processes (option C). This method supports continuous cost tracking in repetitive manufacturing scenarios in SAP S/4HANA. Question: 55 What are some of the characteristics of Profit Center Accounting in SAP S/4HANA? Note: There are 2 correct answers to this question. A. It requires the activation of margin analysis. B. It can be used with period and/or cost of sales accounting. C. It is integrated into the universal journal. D. It is possible to derive the profit center from the segment in configuration.  Answer: B, C Explanation: Profit Center Accounting in SAP S/4HANA is integrated into the Universal Journal (option C) and supports both period and cost of sales accounting (option B). This integration enables real-time analysis of profitability across different organizational units. Question: 56 You have activated budget availability control against the overall value for an internal order and entered an overall budget of 10000. Actuals of 10000 were posted in the previous year. You are surprised to realize that a purchase order of 1000 was created for this internal order in the current year. How is that possible? Note: There are 2 correct answers to this question. A. The purchase order has NOT generated a budget relevant document yet. B. The difference of 1000 is within the tolerance limits defined in the configuration. C. The purchase order was entered in a different year than the budget. D. The cost account is exempted from budget availability control. Answer: B, D Explanation: The budget availability control allows a purchase order if the amount falls within defined tolerance limits (option B), or if certain cost accounts are exempt (option D). These settings provide flexibility within budget controls for different fiscal years in SAP S/4HANA. Question: 57 What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question. A. Provide the company with information on the performance of its market segments. B. Provide the company with a detailed view of its financial statements by areas of responsibilities. C. Allow the company to determine if the sales force achieved their contribution margin goals. D. Allow the company to determine standard costs and revenues according to the period accounting method. Answer: A, C 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. Question: 58 You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? Note: There are 2 correct answers to this question. A. Account-based Profitability Analysis must be active. B. The type of the addressed ledger must be an extension ledger. C. Costing-based Profitability Analysis must be active. D. The type of the general ledger account must be primary cost/revenue or secondary cost. Answer: A, D Explanation: For deriving profitability segments in the Universal Journal, account-based Profitability Analysis must be activated (option A), and the G/L account should be either primary cost/revenue or secondary cost type (option D). This configuration enables detailed profitability tracking in SAP S/4HANA. Question: 59 You want to run an assessment cycle in Margin Analysis to allocate costs during period-end closing for your organization. Which of the following objects can be part of the assessment cycle? A. Tracing factor B. Profit center C. Source structure D. A transfer structure Answer: A Explanation: Tracing factors (option A) are used in assessment cycles to allocate costs to appropriate cost objects based on specific metrics. This is essential in SAP S/4HANA Margin Analysis, where costs need to be allocated accurately during period-end closing.  Question: 60 You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? Note: There are 3 correct answers to this question. A. To define the user status B. To define users for the order C. To set the initial status as Created or Released D. To permit or forbid specific transactions E. To activate the CO partner update Answer: B, C, D 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. Question: 61 You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use? A. Reference variant B. Transfer control C. Costing type D. Costing version Answer: A Explanation: A reference variant (option A) allows you to create a new standard cost estimate using the quantity structure of an existing one. This enables consistency and efficiency in standard costing within SAP S/4HANA. Question: 62 You create alternative CO versions for your controlling area, in addition to version 0. What would you use additional CO versions for? Note: There are 2 correct answers to this question. A. To store different budget data B. To store data of parallel valuation C. To store different plan data D. To store data of alternative plan costing runs Answer: B, C Explanation: Additional CO versions can store data for parallel valuations (option B) and different planning scenarios (option C). This supports flexibility in budgeting and planning, especially for organizations with multiple reporting requirements. Question: 63 You want to use budget availability control for your projects and internal orders. What can you check using budget availability control? Note: There are 2 correct answers to this question. A. The availability of funds in object currency B. The availability of funds on a period level C. The availability of funds using overall plan value D. The availability of funds according to tolerance limits Answer: C, D 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. Question: 64 Which receiver must be allowed in the settlement profile of a product cost collector? A. Material B. Order C. Profitability segment D. Sales order item  Answer: B Explanation: For a product cost collector, "Order" (option B) must be an allowed receiver in the settlement profile. This is essential for proper cost accumulation and settlement to cost objects in SAP S/4HANA. Question: 65 How can you populate local variables in Profitability Analysis reports? A. By populating from user parameters B. By maintaining the configuration C. By defining derivation rules D. By user entry during report execution Answer: D Explanation: Local variables in Profitability Analysis reports can be populated through user entry during report execution (option D), allowing for flexible, real-time adjustments to analysis parameters within SAP S/4HANA. Question: 66 You create a new profit center. Which company code(s) is it assigned to by default? A. All company codes within the controlling area. B. The company codes reporting to the same segment. C. All company codes with document splitting activated. D. The company code of the assigned cost center. Answer: A Explanation: By default, a newly created profit center is assigned to all company codes within the controlling area (option A). This setup aligns with SAP’s universal journal structure, facilitating consistent reporting across company codes.  Question: 67 Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question. A. It is recommended for products with a long production time. B. It is used when full cost traceability is needed. C. It is used when controlling by individual production lots or discrete quantities is needed. D. It is used when you perform repetitive manufacturing. Answer: B, C 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. Question: 68 You are creating a new activity type and want to maintain plan prices for a cost center. Which attributes must you configure in the activity type master record? Note: There are 3 correct answers to this question. A. Output quantity B. CO version C. Valid cost center categories D. Activity type category E. Price indicator Answer: B, C, D 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. Question: 69 Which of the following API types does SAP recommend to use to achieve clean core Integrations? Note: There are 2 correct answers to this question. A. SOAP B. RFC C. IDoc D. OData Answer: A, D Explanation: SAP S/4HANA Cloud Private Edition encourages clean core integrations using modern API frameworks such as SOAP and OData. These APIs provide robust and standardized connectivity options that support extensibility and integration, without modifying the core SAP codebase. OData, in particular, aligns with SAP Fiori for easier integration across platforms, while SOAP offers strong support for more complex integrations and high-volume transactions. Question: 70 Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question. A. Business process B. WBS element C. Cost center/activity type D. Internal order Answer: A, C Explanation: In SAP S/4HANA, activity-based costing templates allow organizations to assign costs more accurately based on real activities and processes. Both business processes and cost center/activity type combinations are integral to this approach, ensuring precise allocation of overhead costs to activities directly involved in production or service processes. Question: 71 What are some SAP recommended guiding principles to achieve clean core operations? Note: There are 3 correct answers to this question. A. Establish regular housekeeping tasks and procedures B. Establish release management C. Integrate clean core practices in the end-to-end value process chain D. Establish an organizational structure, technical foundation, and transformation methodology for clean core E. Define roles and responsibilities as part of a process transformation office Answer: B, C, E 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. Question: 72 What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are 2 correct answers to this question. A. Value of conditions of the pricing procedure B. Value of "Gross Margin 2" C. Cost of goods sold split by cost components D. Production variances split by variance categories Answer: A, C Explanation: In SAP S/4HANA, values such as condition pricing and cost of goods sold (COGS) are transferred to costing-based Profitability Analysis. This enables profitability reports with detailed insights on revenue and costs at granular levels, helping businesses analyze performance more effectively. Question: 73 How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question. A. Only primary costs are captured in general ledger accounts. B. Secondary costs are captured in extension ledger CO that references the leading ledger. C. Primary and secondary costs are captured on cost elements. D. Primary and secondary costs are captured in general ledger accounts. Answer: C, D Explanation: SAP S/4HANA consolidates both primary and secondary costs within the universal journal in the general ledger, ensuring a streamlined and comprehensive approach to financial reporting. This unified approach enables transparent cost tracking and efficient integration between Financial Accounting (FI) and Management Accounting (CO). Question: 74 What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question. A. Activity types B. Cost centers C. Cost elements D. Statistical key figures Answer: A, B 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. Question: 75 Which parameters are controlled by the costing type in a costing variant? Note: There are 2 correct answers to this question. A. Costing sheet B. Save with date key C. Price updates D. Price for materials Answer: B, C Explanation: In SAP S/4HANA, the costing type in a costing variant specifies parameters like date key for saving costs and price updates, allowing businesses to manage cost calculations over different periods and adjust for price changes.  Question: 76 You are setting up a direct internal activity allocation in SAP S/4HANA. What are valid receivers for the activity? Note: There are 3 correct answers to this question. A. Sales order item B. Internal order C. Profit center D. General ledger account E. WBS element Answer: A, B, E Explanation: Direct internal activity allocation in SAP S/4HANA allows activities to be assigned to specific cost objects such as sales order items, internal orders, and WBS elements, enabling accurate tracking of resources and costs associated with these activities. Question: 77 Which field can you select for both reporting in costing-based and account-based Profitability Analysis? A. Record type B. Cost element C. Version D. Value in Controlling Area Currency Answer: B Explanation: The cost element is a versatile field used in both costing-based and account-based Profitability Analysis, providing detailed insights into cost flows across different dimensions in SAP S/4HANA. Question: 78 Which of the following values can be calculated using results analysis? Note: There are 3 correct answers to this question. A. Gross margin B. Reserves for unrealized costs C. Work in progress D. Cost of goods manufactured E. Cost of sales Answer: B, C, E 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. Question: 79 You want to set up integrated planning for your internal orders. Note: There are 2 correct answers to this question. A. Set the relevant indicator in the controlling area. B. Set the relevant indicator in the CO version. C. Set the relevant indicator in the planning profile of the order type. D. Set the relevant indicator in the internal order master record. Answer: B, D 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. Question: 80 In the Product Cost by Order process, what does the system calculate depending on the order status? A. WIP at target costs or variances B. Both WIP and variances or only variances C. WIP at actual costs or variances D. WIP at percentage of completion (PoC) method or variances Answer: A Explanation: In the Product Cost by Order process, the system calculates Work In Process (WIP) at target costs or variances based on the order status, enabling precise cost tracking until the order is completed and settled.