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C_TFIN22_67 SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 Questions and Answers

Questions 4

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

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Questions 5

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.

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Questions 6

Which of the following statement are correct?

Please choose the correct answer.

Response:

Options:

A.

Cost element category controls FI posting only

B.

Cost element is a must for all GL accounts

C.

All Profit and Loss general ledger accounts except tax accounts should be cost element.

D.

All cost elements are linked to Activity type

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Questions 7

How is the preliminary costing of a production order calculated?

Please choose the correct answer.

Response:

Options:

A.

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

B.

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

C.

The actual quantities are valuated with plan values.

D.

The standard price cost estimate of the material master record is adjusted to the order quantity.

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Questions 8

Which of the following statement is not correct?

Please choose the correct answer.

Response:

Options:

A.

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

B.

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

C.

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

D.

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

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Questions 9

Which of the following support services can you directly access via the SAP Service Marketplace (http://service.sap.com)?

Options:

A.

Online conferencing with experts on demand

B.

Execute the SAP remote installation service

C.

System access to SAP hosted solutions

D.

Download SAP upgrade guides

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Questions 10

Why should you use extracts in Report Painter reports?

Options:

A.

To reduce runtime.

B.

For automatic data aggregation.

C.

To reduce use of space in the database.

D.

For automatic updates when new postings are added.

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Questions 11

Which of the following are valid assignments between company code and controlling area?

(Choose two)

Options:

A.

One company code to one controlling area (1:1).

B.

One company code to multiple controlling areas (1:n).

C.

Multiple company codes to one controlling area (n:1).

D.

Multiple company codes to multiple controlling areas (n:n).

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Questions 12

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

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Questions 13

A customer needs an error message to be displayed when the internal order budget has been exceeded by 15%. How can the customer achieve this? (Choose two)

Options:

A.

By entering the budget profile in the order type.

B.

By customizing the tolerance limits for the budget profile.

C.

By activating availability control in the controlling area.

D.

By entering the budget profile in the order master data.

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Questions 14

Where do you have to activate commitment management to enable posting commitments on cost centers?

Options:

A.

Cost center master record

B.

Controlling area

C.

Standard hierarchy

D.

Cost element master record

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Questions 15

What does the SAP Web AS provide?

Please choose the correct answer.

Response:

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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Questions 16

A customer in a high-inflation country produces goods consuming raw materials with high price differences. Which option allows the roll-up of these price differences to the final product?

Options:

A.

Use moving average price for all materials.

B.

Use actual activity price determination in Cost Center Accounting.

C.

Implement Actual Costing in the Material Ledger.

D.

Implement Transfer pricing in the Material Ledger.

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Questions 17

What are the advantages of a real internal order compared to a statistical order?

(Choose two)

Options:

A.

Overhead surcharges collection

B.

Budget and availability control

C.

Settlement splitting to different receivers

D.

Exception reporting

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Questions 18

A customer allocates a variety of cost elements from many cost centers to others by distribution cycles. The customer complains about the long duration and runtime. What do you recommend to shorten the runtime? (Choose two)

Options:

A.

Use cycle run groups for parallel processing.

B.

Use iteration within the cycles.

C.

Use assessment instead of distribution.

D.

Use an allocation structure within the distribution cycles.

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Questions 19

You have been asked to explain the benefits of integrating CO-PA with SAP Business information Warehousing. What are they?

There are 3 correct answers to this question.

Response:

Options:

A.

Low Volume data

B.

Cross Application reporting

C.

Collecting data from different systems

D.

Combining legacy system data with CO-PA data

E.

All the above

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Questions 20

Which of the following are the right organizational assignments starting from the top of the organization structure (top-down)?

Options:

A.

Controlling area, Operating concern, Company code, Plant, Storage location

B.

Company code, Operating concern, Controlling area, Plant, Storage location

C.

Operating concern, Controlling area, Company code, Plant, Storage location

D.

Operating concern, Controlling area, Company code, Storage location, Plant

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Questions 21

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).

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Questions 22

Difference between periodic reposting and distributions are

There are 2 correct answers to this question.

Response:

Options:

A.

For periodic reposting separate credit record is written in the sender cost center whereas for distributions no separate credit record is written in the sender cost center.

B.

In periodic reposting no partner is updated where during distribution the system also updates the partner in the total record for the sender.

C.

The distribution is used to transfer primary as well as secondary costs whereas periodic reposting is used to transfer primary costs.

D.

The performance of periodic reposting is better distribution.

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Questions 23

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.

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Questions 24

What is controlled by a schedule line category? (Choose two)

Options:

A.

The transfer of requirements

B.

The billing relevance of a material

C.

The determination of the partner determination procedure

D.

The movement type with which stock changes are posted with the goods issue

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Questions 25

Your organization wants to find out the following:

Where is the overhead costs incurred in the organization?

How to allocate the overhead costs from different areas to the actual cost causes?

Cause based allocation of costs in the form of activities? How the responsibility areas working efficiently?

Please choose the correct answer.

Response:

Options:

A.

Cost Center Accounting

B.

Cost Element Accounting

C.

Profit Center Accounting

D.

Overhead Cost controlling

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Questions 26

Which are the necessary steps to create a validation?

Options:

A.

Prerequisite, check, message

B.

Check, control, message

C.

Check, update, message

D.

Prerequisite, check, update, control

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Questions 27

Overhead Cost Controlling component enables you to plan, allocate, control, and monitor overhead costs. Which of the following fall under Overhead Cost Controlling?

There are 4 correct answers to this question.

Response:

Options:

A.

Cost Element Accounting

B.

Cost Center Accounting

C.

Internal Orders

D.

Activity Based Costing

E.

Plant based Costing

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Questions 28

What is the name of the infrastructure that supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform?

Options:

A.

SAP NetWeaver

B.

SAP Business Process Management

C.

SAP Exchange Infrastructure

D.

SAP Web AS

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Questions 29

Which of the following views and results does costing based CO-PA provide?

There are 2 correct answers to this question.

Response:

Options:

A.

Balance sheet statement.

B.

Return on investment.

C.

Contribution margin.

D.

Periodic accounting.

E.

Cost of sales accounting.

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Questions 30

A customer is using sales order controlling. How are the revenues and cost of goods sold transferred to CO-PA?

Options:

A.

By results analysis.

B.

By settlement.

C.

By billing.

D.

By outbound delivery.

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Questions 31

Which of the following statement is true in reference to Financial & Management Accounting?

Please choose the correct answer.

Response:

Options:

A.

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

B.

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

C.

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

D.

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

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Questions 32

A customer wants to define some fields as mandatory in an internal order. How can the customer achieve this?

Options:

A.

By adjusting the field selection in the order type.

B.

By defining an appropriate selection variant.

C.

By indicating the fields as mandatory in the model order.

D.

By adjusting the field status variant.

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Questions 33

Which of the following management accounting (CO) components requires an operating concern?

Options:

A.

Profit Center Accounting

B.

Overhead Cost Controlling

C.

Product Cost Accounting

D.

Profitability Analysis

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Questions 34

Which of the following statement correct with reference to component scrap?

Please choose the correct answer.

Response:

Options:

A.

Component scrap is used in MRP to determine the input quantities of component.

B.

The system increases the lot size.

C.

The system increases the quantity to be produced.

D.

All the above.

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Questions 35

A new SAP customer is looking for a lean monthly reporting that should visualize their requirements of:

Cost of Goods Sold Accounting

Periodic Profitability Accounting

Return on Investment (ROI) key figures

Cost analysis including additional accrued cost

Which application meets all of these reporting requirements?

Options:

A.

Profit Center Accounting drilldown reporting

B.

Profitability reporting in account-based CO-PA

C.

Profitability reporting in costing-based CO-PA

D.

Fl balance sheet and profit and loss reporting based on US GAAP

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Questions 36

You want planning for profit center accounting & for that you need to perform certain configuration. Which of the following statements are correct?

Please choose the correct answer.

Response:

Options:

A.

You have to activate the summary tables

B.

The planning layout is by default available for planning

C.

The plan period for planning is copied from the fiscal year variant of company code

D.

The planning document type is already activated

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Questions 37

How do you receive the internal activities in the material cost estimate using a logistic quantity structure?

Options:

A.

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

B.

Assign a cost center and its activities in the work center of the routing operation.

C.

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

D.

Assign a cost center and its activities to the bill of material.

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Questions 38

Which of the following processes changes the acquisition value of an asset?

Options:

A.

Retirement of the asset

B.

Change of the depreciation key of the asset

C.

Unplanned depreciation of the asset

D.

Change of the useful life of the asset

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Exam Code: C_TFIN22_67
Exam Name: SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7
Last Update: Jun 17, 2024
Questions: 255
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