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| Section | Weight | Objectives |
|---|---|---|
| Organizational Concepts and Master Data in CO | 15% | - Statistical key figures and resources - Cost elements, cost centers, activity types - Organizational units and assignments |
| Internal Orders | 15% | - Budgeting, availability control - Order types and master data - Settlement and period-end processing |
| Profitability Analysis (CO-PA) | 13% | - Operating concern and characteristics - Data transfer and results analysis - Costing-based and account-based CO-PA |
| Product Cost Controlling | 25% | - Cost object controlling - Period-end closing for product costs - Cost estimates and costing variants - Order controlling and variance analysis |
| Profit Center Accounting | 12% | - Periodic transfers and reporting - Basic settings and master data - Actual and plan data flows |
| Cost Center Accounting | 20% | - Planning and budgeting - Actual postings and allocations - Period-end closing activities |
1. A company wants to prevent postings of more than 5000 EUR on cost centers by generating an error message. What do you recommend?
A) Creating a substitution rule in the IMG.
B) Activating and using availability control for cost centers.
C) Creating a lock amount on the control tab in the cost center master data.
D) Creating a validation rule in the IMG.
2. Which of the following are correct descriptions of profit centers? Note: There are 3 correct answers to this question.
A) Profit centers are usually structured in the hierarchy by region, function or product.
B) Profit centers are the basic organizational units of profitability analysis.
C) Profit centers are structured in a standard hierarchy.
D) Profit centers represent an area of responsibility for cost and revenues.
E) Profit centers are sub units of cost centers.
3. Which postings can be triggered by the settlement of a production order? Note: There are 3 correct answers to this question.
A) Work in Process (WIP) to profitability analysis.
B) Variance categories to profit centers.
C) Work in Process (WIP) to FI.
D) Variance categories to profitability analysis.
E) Balance of the production order to FI.
4. Where do you have to activate commitment management to enable postings of commitments on cost centers?
A) In the cost center master record
B) In the cost element master record
C) In the standard hierarchy
D) In the controlling area
5. How does material costing support semi-finished and finished materials that are valuated in stock with consistent valuation strategies per company code?
A) You are only allowed to use one single costing variant to update standard prices per period and company code.
B) You are only allowed to use material cost estimates with quantity structure to update standard prices.
C) You are only allowed to use iterative activity prices in material cost estimates which update standard prices.
D) Costing runs to update the standard prices have to run generally under observation of an external auditor.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,C,D | Question # 3 Answer: C,D,E | Question # 4 Answer: D | Question # 5 Answer: A |
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