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Free SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Management Accounting C_TS4CO_2023 Exam Questions

Page: 1 / 8 Total 80 questions

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Question 1

You want to understand why costs are collected on the sales order item level.

What do you need to check in the configuration?

Note: There are 3 correct answers to this question.

Correct Answer: A. Requirement type; C. Account assignment category; D. Requirements class
Explanation:

To ensure costs are collected at the sales order item level, you need to check settings for the requirement type, account assignment category, and requirements class in SAP S/4HANA, which determine how and where costs are tracked and assigned.


Question 2

Where do you define which cost elements are used during internal order settlement?

Correct Answer: B. Source structure
Explanation:

In SAP S/4HANA, the source structure determines which cost elements are utilized during internal order settlement. The source structure maps costs to specific categories for transfer to the assigned receiver.


Question 3

You have implemented Product Cost by Sales Order in conjunction with cost-based POC results analysis in your organization. For a particular sales order item, you have the following:

Plan revenue = 3000, Plan costs = 2000, Actual revenue = 1200, Actual costs = 1000.

What data does the system calculate during results analysis?

Correct Answer: D. Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300
Explanation:

In Product Cost by Sales Order, the results analysis calculates values based on actual performance and the cost-based percentage of completion. Given the parameters, the system would calculate capitalized revenue at 300 for unbilled sales (option D), in alignment with SAP's Management Accounting and Revenue Recognition principles.


Question 4

You want to enable WIP calculation in Product Cost by Period. What do you need to configure?

Correct Answer: D. Valuation variant
Explanation:

The valuation variant (option D) is required to configure the work in process (WIP) calculation in Product Cost by Period. The valuation variant determines the costing strategy and defines which costs are included in the WIP calculation, essential for accurate inventory valuation and profitability analysis in SAP S/4HANA Management Accounting.


Question 5

Which receiver must be allowed in the settlement profile of a product cost collector?

Correct Answer: B. Order
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 6

In the material master record, there are three planned prices: "Planned price 1," "Planned price 2," and "Planned price 3." What do you use them for?

Note: There are 2 correct answers to this question.

Correct Answer: C. To evaluate the materials in cost estimates; D. To valuate future goods movements
Explanation:

Planned prices in SAP are used for evaluating materials in cost estimates (option C) and for the valuation of goods movements (option D). This ensures accurate cost tracking and planning, especially critical in SAP S/4HANA Cloud Private Edition's Management Accounting functionalities.


Question 7

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.

Correct Answer: B. Release the cost estimate.; C. Run the cost estimate.; D. Mark the cost estimate.
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 8

You want to maintain a cost component structure.

What can you determine for each cost component?

Note: There are 3 correct answers to this question.

Correct Answer: A. Assignment of cost component to calculation base for overheads in costing sheet; B. Relevance of cost component to goods manufactured; C. Relevance of cost component to inventory valuation
Explanation:

Cost components in SAP S/4HANA can be assigned to overhead calculation bases, goods manufactured, and inventory valuation, allowing for accurate cost breakdowns relevant to production and valuation.


Question 9

What are some of the characteristics of planning for internal orders?

Note: There are 2 correct answers to this question.

Correct Answer: B. You can enter costs and revenues.; D. You can define tolerance limits for plan overspend.
Explanation:

In SAP S/4HANA Cloud, Private Edition, planning for internal orders allows users to enter both costs and revenues (option B) and set tolerance limits to control overspending (option D). This functionality is part of cost center and internal order management under SAP's Management Accounting module, where cost planning and availability checks can help manage resource allocation for specific projects or internal activities.


Question 10

Which processes split costs into their primary cost components?

Note: There are 2 correct answers to this question.

Correct Answer: B. Business process price calculation; D. Cost center/activity type price calculation
Explanation:

Business process price calculation (option B) and cost center/activity type price calculation (option D) split costs into primary cost components. These processes allow more detailed cost tracking by itemizing primary costs, aiding transparency in SAP S/4HANA Management Accounting.


Page: 1 / 8 Total 80 questions