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

Detailed Explanation: A status profile allows you to define initial statuses (option C) and control specific transactions (option D). Additionally, it helps set order-specific rules for users (option B). These functions enable better control over internal order processing in SAP S/4HANA.

Detailed Explanation:In SAP S/4HANA, activity-based costing templates allow organizations to assigncosts more accurately based on real activities and processes. Both business processes and cost center/activity type combinations are integral to this approach, ensuring precise allocation of overhead costs to activities directly involved in production or service processes.

Detailed Explanation:SAP S/4HANA derives the requirement type based on the MRP or strategy group settings, allowing the system to link planning strategies to requirement types that define demand processing in Material Requirements Planning.

Detailed Explanation:SAP S/4HANA supports transfer pricing configurations using separate ledgers or distinct currency types within the same ledger. This setup allows for multiple valuations within legal, group, and profit center reporting standards.

Detailed 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.

Detailed Explanation:In SAP S/4HANA, the costing type in a costing variant specifies parameters like date key for saving costs and price updates, allowing businesses to manage cost calculations over different periods and adjust for price changes.

Detailed Explanation:SAP S/4HANA consolidates both primary and secondary costs within the universal journal in the general ledger, ensuring a streamlined and comprehensive approach to financial reporting. This unified approach enables transparent cost tracking and efficient integration between Financial Accounting (FI) and Management Accounting (CO).

Detailed Explanation: Product Cost by Order is suitable for scenarios requiring full cost traceability (option B) and individual control of production lots (option C). This is especially useful in discrete manufacturing environments where specific lot costing is necessary.

Detailed Explanation: Tracing factors (option A) are used in assessment cycles to allocate costs to appropriate cost objects based on specific metrics. This is essential in SAP S/4HANA Margin Analysis, where costs need to be allocated accurately during period-end closing.

Detailed Explanation: Commitment management is activated at the order type level (option A) and in the controlling area (option B). This configuration is essential for tracking commitments, such as open purchase requisitions and orders, within internal orders in SAP S/4HANA Management Accounting.

Detailed Explanation:In SAP S/4HANA, an indirect activity allocation posts both quantity and cost to both sender and receiver, allowing for accurate tracking and balancing of activity quantities and associated costs.

Detailed Explanation: In SAP S/4HANA, cost center budget management includes the ability to import budget values via CSV (option A) and transfer budgets from one cost center to multiple others (option D). These features support streamlined budget adjustments and allocations, crucial for managing costs in the machinery industry.

Detailed Explanation: SAP S/4HANA embedded analytics leverages core data services (CDS) views for real-time reporting (option B) and is part of the standard S/4HANA license, using the same stack andinterface (option C). This integration allows businesses to perform analytics directly within the S/4HANA environment.

Detailed 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.

Detailed 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.

Detailed Explanation:A single operating concern linked to multiple controlling areas is optimal for unified reporting across multiple charts of accounts, allowing each controlling area to map local requirements while sharing consolidated financial data.

Detailed Explanation:Purchase requisitions create commitments against budgeted amounts in SAP S/4HANA. This step allows tracking anticipated expenses, ensuring budgets are not exceeded when actual costs are incurred.

Detailed 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.

Detailed Explanation: A reference variant (option A) allows you to create a new standard cost estimate using the quantity structure of an existing one. This enables consistency and efficiency in standard costing within SAP S/4HANA.

Detailed Explanation:Direct internal activity allocation in SAP S/4HANA allows activities to be assigned to specific cost objects such as sales order items, internal orders, and WBS elements, enabling accurate tracking of resources and costs associated with these activities.

Detailed Explanation: Budget availability control in SAP S/4HANA allows checking funds based on overall plan value (option C) and tolerance limits (option D). These checks ensure effective budget management across projects and internal orders.