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SAP C-TS4CO-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - -The 'SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021)' certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Management Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Management Accounting projects. This certificate is the ideal starting point for a professional career as a Management Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Management Accounting are added over years, a professional career can be validated by taking a second exam which focuses on the migration from SAP ERP to SAP S/4HANA: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts". The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 41
Which default values can you configure for the product cost collector? Note: There are 2 correct answers to this question.
- A. Result Analysis (RA) key
- B. Variance variant
- C. Costing variant for preliminary costing
- D. Result Analysis (RA) Version
Answer: A,C
NEW QUESTION 42
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.
- A. Requirement type
- B. Costing type
- C. Requirements class
- D. Account assignment category
- E. Valuation variant
Answer: A,C,D
NEW QUESTION 43
You want to determine which operations of the routing should be considered in a product cost calculation.
How do you do this? Note: There are 2 correct answers to this question.
- A. By assigning a cost center to the work center in the operation
- B. By marking the cost indicator in the control key assigned to the operation
- C. By defining a usage key in the header of the routing.
- D. By marking the Relevance to Costing indicator in the operation
Answer: B,D
NEW QUESTION 44
What do you need to setup in order to bring the values incoming sales orders into account-based Profitability Analysis?
- A. A multi-valuation ledger
- B. A new standard G/L ledger with exclusive usage of "Prediction"
- C. An extension ledger of type "Prediction and Commitment"
- D. An extension ledger of type "Simulation"
Answer: C
NEW QUESTION 45
You are setting up a direct internal activity allocation in SAP S4/HANA. What is valid receivers for the activity? Note: There are 3 correct answers to this question.
- A. Profit center
- B. General ledger account
- C. Internal order
- D. WBS element
- E. Sales order item
Answer: C,D,E
NEW QUESTION 46
At which level do you define the valuation method for results analysis?
- A. Company code
- B. Controlling area
- C. Operating concern
- D. Plant
Answer: B
NEW QUESTION 47
What can you configure in the settlement profile? Note: There are 2 correct answers to this question.
- A. Define a number range for settlement document.
- B. Define document management parameters.
- C. Determine whether settlement is required.
- D. Determine an overhead key.
Answer: B,C
NEW QUESTION 48
You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? Note: There are 3 correct answers to this question.
- A. To define the user status
- B. To set the initial status as Created or Released
- C. To permit or forbid specific transactions
- D. To activate the CO partner update
- E. To define users for the order
Answer: A,B,C
NEW QUESTION 49
In the Product Cost by Order process, what does the system calculate depending on the order status?
- A. Both WIP and variances
- B. WIP at percentage of completion (PoC) method or variances
- C. WIP at target costs or variances
- D. WIP at actual costs or variances
Answer: D
NEW QUESTION 50
Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question.
- A. It is used when the focus of controlling is on a stable and continuous production process.
- B. It is used in conjunction with a product cost collector.
- C. It is used to analyze work in process (WIP) based on actual costs.
- D. It is used when periodic costs outweigh daily postings.
Answer: A,B
NEW QUESTION 51
To which object do you assign a costing sheet?
- A. Valuation variant
- B. Cost component structure
- C. Costing variant
- D. Transfer control
Answer: A
NEW QUESTION 52
Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? Note:
There are 2 correct answers to this question.
- A. It can be defined for postings on general ledger accounts of primary costs type.
- B. It takes precedence over validation and substitution.
- C. It can be overwritten in the application.
- D. It can be defined for postings on general ledger accounts of secondary costs type.
Answer: A,B
NEW QUESTION 53
Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question.
- A. Standard cost estimate of all the materials in all plants of a controlling area
- B. Inventory cost estimate of all the materials in one plant
- C. Current cost estimate of all the materials in all controlling area
- D. Product cost collector cost estimate in one plant
Answer: B,D
NEW QUESTION 54
How does the system derive the requirement type from the material master data? Note: There are 2 correct answers to this question.
- A. MRP group -> requirements class -> planning strategy -> requirements type
- B. Strategy group -> planning strategy -> requirements class -> requirements type
- C. Strategy group -> planning strategy -> requirements type
- D. MRP group -> Strategy group -> planning strategy -> requirements type
Answer: C,D
NEW QUESTION 55
What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question.
- A. Availability control can check against plan values.
- B. You can enter costs and revenues.
- C. You can plan multiple versions.
- D. You can define tolerance limits for plan overspend.
Answer: B,C
NEW QUESTION 56
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
- A. Cost element
- B. Version
- C. Record type
- D. Value in Controlling Area Currency
Answer: B
NEW QUESTION 57
What parameters can you set up when defining order types?
- A. Define default parameters for master record fields.
- B. Define document type.
- C. Define source structure.
- D. Allow revenue postings.
Answer: A,D
NEW QUESTION 58
How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question.
- A. As quantity-based surcharge
- B. As equivalence number
- C. As percentage rate
- D. As lot-based surcharge
Answer: A,C
NEW QUESTION 59
In SAP S/4HANA, you have decided to activate only account-based profitability analysis for your organization. You want to settle costs and revenue of a sales order item to a profitability segment. What do you need to configure?
- A. Source structure
- B. Cost component structure
- C. PA transfer structure
- D. Allocation structure
Answer: C
NEW QUESTION 60
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