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| Section | Objectives |
|---|---|
| Topic 1: Cost Center Accounting | - Define and create cost centers and hierarchies - Perform planning and allocations for cost centers |
| Topic 2: Product Cost Controlling | - Understand integration with material valuation - Analyze variances for cost objects |
| Topic 3: Reporting and Integration | - Understand integration with FI and other SAP modules - Generate CO reports (cost center, internal orders, etc.) |
| Topic 4: Organizational Structure in Management Accounting | - Understand organisational levels relevant for CO processes - Define and describe Controlling area and assignment |
| Topic 5: Internal Orders | - Configure internal order types and attributes - Commitment and actual postings and settlement |
| Topic 6: Cost Element Accounting | - Configure and interpret cost element types - Integration with Financial Accounting |
| Topic 7: Profitability Analysis (CO-PA) | - Configure costing based CO-PA - Define characteristics and value fields |
1. What are the prerequisites to calculate overhead costs on an internal order? Note: There are 2 correct answers to this question.
A) Assign the costing sheet to the costing variant.
B) Assign the costing sheet in the order master data.
C) Define a costing sheet.
D) Define an overhead key.
2. Which of the following organizational units are maintained in Management Accounting?
Note: There are 2 correct answers to this question.
A) Functional area
B) Business area
C) Company code
D) Controlling area
E) Operating concern
3. Which of the following is defined in the PA transfer structure?
A) Assignment of source cost elements to allocation cost elements.
B) Assignment of distribution rules to certain cost elements.
C) Assignment of cost elements to value fields.
D) Assignment of master data to characteristics.
4. Which of the following views and results do profit center accounting reports in New GL provide? Note: There are 3 correct answers to this question.
A) Balance sheet statement
B) Return on investment
C) Cost of goods sold
D) Fixed and variable cost portions
E) Variance categories of production
5. The system does not allow you to create a primary cost element.
What do you check first?
A) Whether the P/L account exists
B) Whether the balance sheet account exists
C) Whether the 6/L account currency is the same as the controlling area currency
D) Whether the cost element category is valid
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: D,E | Question # 3 Answer: C | Question # 4 Answer: A,B,C | Question # 5 Answer: A |
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