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

Assign a cost component structure in the CO version in cost center and process cost planning.

Determine the prices through planned price iteration.

Define a cost component structure for the primary cost component split of product cost planning.

Define a transfer structure for the transfer of cost components in cost centers and Activity-based-costing to the cost components.

All the above

Internal order.

Profit center.

Profitability segment.

Cost center

WBS element.

Define two separate reports and combine them

Define two horizontal pages in the report.

Define two variants for the report.

Define two sections in the report.

Real-time data exchange with all SAP systems.

Master data harmonization cross SAP NetWeaver.

J2EE and ABAP in a single environment.

Storage of all transactional documents in one single database.

Plan assessment

Transfer of depreciations from Asset Accounting

Transfer of personnel cost from HR

Plan distribution

Activity input planning

Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government& tax authorities.

Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization.

Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management.

Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business.

Creating the billing document.

Creating the transport order.

Creating the outbound delivery.

Creating the sales order.

By assigning the costing variant to valuation variant.

By assigning the costing key to value fields.

By assigning the costing key to products.

By assigning the costing key to material types.

By assigning the costing variant in the costing key.

It is an own related database system that can be used as an alternative to databases from other vendors.

It supports throughout the entire life-cycle, from the Business Blueprint to the configuration to production processing.

It is an application that is part of the SAP Supply Chain Management application.

It is a robust and lean standard-based platform that enables you to develop Java and composite applications from scratch and on top of existing services.

Cost Element Accounting

Cost Center Accounting

Internal Orders

Activity Based Costing

Plant based Costing

To specify parameter values for background processing.

To optimize the runtime of a report.

To predefine values for complex selection screens.

To permit quick navigation between CO objects.

SAP BI always provides real-time data from operative SAP applications.

SAP BI enables Online Transaction Processing (OLTP) for the staging of information from large amounts of operative and historical data.

SAP BI, with its delivered Business Content, can be easily set up to extract data from SAP applications.

SAP BI easily integrates information from various operative SAP applications and non-SAP applications.

Use the Schedule Manager to optimize the duration of the Costing Run.

Use the easy cost planning function for simplified and accelerated costing.

Assign a suitable transfer control strategy to the relevant costing variant in the IMG

Define a mixed costing strategy and maintain mixing ratios.

Assessment of fixed portions based on any value field of the market segments.

Assessment of posted amounts based on any value field of the market segments.

Assessment of posted amounts based on any derivation rule of characteristics.

Assessment of fixed portions based on statistical key figures of the market segment.

Scenario profit center update

Scenario segment reporting

Real-time integration CO/FI

Document splitting

Variances cannot be determined for this production orders

Combined quantity and value flow

Assembly costs shown without multi-level make-to-production

Provides a cost component split for the cost of goods sold.

Adjust the default rule in the default values for the production order type.

Use an internal order in addition to the production order.

Use a product cost collector in addition to the production order.

Adjust the costing type of the plan costing variant.

Monitor Service Desk

Manage Change Requests

Implement SAP services.

Link to change Requests

By entering the budget profile in the order type.

By customizing the tolerance limits for the budget profile.

By activating availability control in the controlling area.

By entering the budget profile in the order master data.

Assessment of fixed portions based on any value field of the market segments.

Assessment of posted amounts based on any value field of the market segments.

Assessment of posted amounts based on any derivation rule of characteristics.

Assessment of fixed portions based on statistical key figures of the market segment.

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

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

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

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

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

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

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

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

It can be created without the respective general ledger existing in Operational charts of accounts.

The posting of primary cost element doesn’t require an object in the management accounting to identify the origin of the costs.

You need to create expense accounts in financial accounting with corresponding primary cost elements in controlling.

An example of primary cost is depreciation of fixed assets, telephone expenses, repair& maintenance expenses in a manufacturing organization.

The Automatic Account Assignment (IMG) has a higher priority.

An error message is displayed.

The system prompts you in a dialog box.

The Default Account Assignment (cost element master data) has a higher priority.

The system and the user status.

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

The PA transfer structure of the order.

The costing sheet.

User responsible

Hierarchy area

Description

Company code

Transfer of depreciations from Asset Accounting

Activity input planning

Transfer of personnel costs from SAP HCM

Plan assessment

Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing

Incoming order -> Transport/delivery -> Billing -> Dunning and payment

Purchase requisition -> Billing -> Transport/goods receipt -> Dunning and payment

Incoming order -> Goods receipt/transport -> Dunning and payment -> Billing

Business Process and Interface Monitoring

Early Watch Alert

Change Request Management

Maintenance Optimizer

SAP Cash Management

SAP Credit Management

SAP Billing Consolidation

SAP Collections and SAP Dispute Management

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

The profit centre covers more than one company codes.

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

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

Prerequisite, check, message

Check, control, message

Check, update, message

Prerequisite, check, update, control

The posting cannot be saved.

The posting will be assigned to the dummy profit center.

The posting will only be posted to the original assigned CO object.

The posting will be assigned to the top node of the profit center standard hierarchy.

Cost center master record

Controlling area

Standard hierarchy

Cost element master record

It can only be used for automatic planning.

Distributing data that has been planned at one level in CO-PA, to the additional level based on some reference data.

Reference data by period or reference data aggregated across the periods.

Distribute the data from a higher planning level to lower levels.

Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads.

We can post both planned as well as actual statistical key figures.

The fixed value statistical key figure is posted in the period in which it is entered.

We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures.

Object number

Quantity

Account assignment

Capital consumption per time period

Unit of measure

All stock posting takes place at moving average price.

Price fluctuations credit/debit the cost objects.

Price difference cannot be subsequently adjusted to the ending inventories or the consumed products.

Where the price varies from the standard price, the differences are posted to material account.