SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) (C_TS4CO_2021) Practice Test

Questions # 1:

You want to understand why cost are collected on sales order item level. What do you need to in the configuration? Note: There are 3 correct answers to this question.

Options:

Requirement type

Requirements class

Valuation variant

Costing type

Account assignment category

Questions # 2:

You are creating new activity type and want to maintain plan prices for a cost center. Which attribute must you configure in the activity type master record? Note: There are 3 correct answers to this question.

Options:

CO version

Valid cost center categories

Company code

Price indicator

Activity type category

Questions # 3:

What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question.

Options:

Cost centers

Statistical key figures

Activity type

Cost element

Questions # 4:

In which module do you process profit center allocations in SAP S/4HANA?

Options:

Product cost accounting

General ledger accounting

Account-based profitability analysis

Cost center accounting

Questions # 5:

How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question.

Options:

As equivalence number

As quantity-based surcharge

As lot-based surcharge

As percentage rate

Questions # 6:

Which setting in the cost center master data do you use to assign the same attributes to similar cost center?

Options:

Cost center category

Cost center type

Object class

Standard hierarchy node

Questions # 7:

Which field can you select for both reporting in costing based and account-based Profitability Analysis?

Options:

Value in Controlling Area Currency

Version

Record type

Cost element

Questions # 8:

In the Product Cost by Order process, what does the system calculate depending on the order status?

Options:

Both WIP and variances

WIP at actual costs or variances

WIP at target costs or variances

WIP at percentage of completion (PoC) method or variances

Questions # 9:

Which of the following steps are part of the procedure to update the standard price of the material? Note: There are 2 correct answers to this question.

Options:

Release the cost estimate.

Archive the cost estimates.

Mark the cost estimate.

Split the costs.

Questions # 10:

What do you need to setup in order to bring the values incoming sales orders into account-based Profitability Analysis?

Options:

A multi-valuation ledger

A new standard G/L ledger with exclusive usage of "Prediction"

An extension ledger of type "Simulation"

An extension ledger of type "Prediction and Commitment"

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