Sample Questions:

1. Which of the following statements correct with reference to product cost

collector?
Note: There are 2 correct answers to this question.
A. It is a cost object for collecting production costs for manufactured product
B. Costing by lot size is required for product cost collector
C. All the costs for a material during the month is debited to a single product cost
collector
D. Product cost collector is a single order created for a material
2. What do you define when you set up an operating concern for costing-based
profitability analysis?
Note: There are 3 correct answers to this question.
A. Functional area
B. Characteristics
C. Value fields
D. Chart of accounts
E. Operating concern currency
3. The controlling department requires the production order variances to be
settled to profitability analysis. How can you achieve this?
Note: There are 2 correct answers to this question.
A. Set the Variances indicator in the settlement profile.
B. Assign an allocation structure to the settlement profile.
C. Set the To Be Settled in Full indicator in the settlement profile.
D. Assign a PA transfer structure to the settlement profile
4. You want to define some fields as mandatory in an internal order. How can
you achieve this?
Note: Please choose correct answer
A. Adjust the field status variant in the order layout.
B. Adjust the field selection in the order type.
C. Define the fields as mandatory in the model order.
D. Define a user status in the status profile
5. What data do you need to set up an accrual calculation with the percentage
method?
Note: There are 2 correct answers to this question
A. Cost center or internal order (order category 2) as a credit object
B. Secondary cost element (category 31) as an accrual cost element
C. Accrual settlement rules for the cost center
D. Primary cost element (category 3) as an accrual cost element
6. For which record types can you set up a valuation in costing-based
profitability analysis?
Note: There are 2 correct answers to this question.
A. F Billing data

B. X Activity allocation
C. K Cost center assessment
D. B Direct posting from Financial Accounting
7. How can you set up segment reporting in New General Ledger Accounting?
Note: There are 2 correct answers to this question
A. Define segment master records in Management Accounting.
B. Activate segment reporting in Customizing.
C. Assign segments in the master record of the profit center.
D. Assign segments in the master record of the cost center.
8. By which distribution rules can you settle an internal order to different
receivers?
Note: There are 3 correct answers to this question?
A. Formulas
B. Settlement cost elements
C. Amounts
D. Percentage rates
E. Equivalence numbers
9. You want to plan costs on an internal order. Which of the following options
can you use to reduce manual planning effort?
Note: Please choose correct answer
A. Copy plan to plan
B. Top-down planning for order hierarchies
C. Activity output planning
D. Plan assessment
10. Which of the following terms apply to costing-based profitability analysis?
Note: There are 2 correct answers to this question?
A. Contribution margin
B. Balance sheet statement
C. Segment reporting
D. Cost of sales accounting

Solutions:
QUESTION: 01

QUESTION: 02

QUESTION: 03

QUESTION: 04

QUESTION: 05

Answer: A, C

Answer: B, C, E

Answer: A, D

Answer: B

Answer: A, D

QUESTION: 06

QUESTION: 07

QUESTION: 08

QUESTION: 09

QUESTION: 10

Answer: A, D

Answer: B, C

Answer: C, D, E

Answer: A

Answer: A, D

Sample Questions:
01. Your customer requires a new Report Painter report that displays both cost
information and statistical key figures. How can you implement this
requirement?
Note: Please choose the correct answer.
a) Define two separate reports and combine them

b) Define two horizontal pages in the report.

c) Define two variants for the report.
d) Define two sections in the report.
02. You want to calculate overhead rates on an internal order. You have already
defined the costing sheet. Which of the following assignments must you
perform next?
Note: Please choose the correct answer.
a) Assign the costing sheet to the valuation variant.
b) Assign the costing sheet in the order type.
c) Assign the costing sheet in the order master data.
d) Assign the costing sheet to the costing variant.
03. Which step in the sales from stock process creates the cost of goods sold in
Costing-based Profitability Analysis (CO-PA)?
Note: Please choose the correct answer.
a) Billing
b) Outbound delivery
c) Creation of the transport order
d) Creation of the sales order
04. Which step in the sales-from-stock process creates the cost of goods sold in
costing-based profitability analysis?
Note: Please choose the correct answer.
a) Outbound delivery
b) Creation of the transport order
c) Billing
d) Creation of the sales order
05. A customer uses assessment cycles in cost center accounting. What do you
need to do to receive the results on the profit centers in New General Ledger
Accounting?
Note: Please choose the correct answer.
a) Define and execute the appropriate cycles in New General Ledger Accounting
b) Activate plan integration for profit centers
c) Activate document split for cost centers in New General Ledger Accounting
d) Activate real-time reconciliation between CO and FI
06. You have just run and posted the results of an assessment cycle. Some of
the receivers were incorrectly debited. How can you correct this?
Note: Please choose the correct answer.
a) Cancel the allocation with the original settings before you correct the receiver entries
and rerun the cycle.
b) Correct the receiver entries and rerun the cycle.
c) Correct the receiver entries and rerun the cycle with a different cycle run group to
post only the corrected results to the first run.
d) Post a manual cost allocation with the same assessment cost element.

07. For which purpose can you use the result of a reference and simulation cost
estimate?
Note: Please choose the correct answer.
a) To calculate a price for an internal activity
b) To calculate a simulated product without a material master
c) To update the plan data of a production order
d) To update the standard price of a reference material
08. For which purpose can you use the result of a reference and simulation cost
estimate?
Note: Please choose the correct answer.
a) To update the standard price of a reference material
b) To calculate the planned cost of a production order
c) To update a price for an activity type used in a routing
d) To calculate the cost of a prototype product without a material master
09. Where do you have to activate commitment management to enable postings
of commitments on cost centers?
Note: Please choose the correct answer.
a) In the controlling area
b) In the cost element master record
c) In the cost center master record
d) In the standard hierarchy
10. A customer uses assessment cycles in Cost Center Accounting. What do you
need to do to receive the results on the profit centers in New General Ledger
Accounting?
Note: Please choose the correct answer.
a) Activate document split for cost centers in New General Ledger Accounting.
b) Activate real-time reconciliation between Controlling (CO) and Financial Accounting
(FI).
c) Activate plan integration for profit centers.
d) Define and execute the appropriate cycles in New General Ledger Accounting.
11. You are missing the commitment values for internal orders. Where do you
have to activate commitment management to get these values?
Note: There are 2 correct answers to this question.
a) In the original order budget
b) In the controlling area
c) In CO version 0
d) In the order type
12. You want to perform results analysis on sales orders, and you need to use
two different methods to reflect different accounting principles such as USGAAP and IFRS. How do you achieve this?
Note: Please choose the correct answer.

a) Use two requirement classes in the sales order items.

b) Use two results analysis versions.
c) Use two results analysis keys in the sales order items.
d) Use two separate sales order items.
13. You want to perform results analysis on sales orders and need to use two
different methods to reflect different accounting principles such as US-GAAP
and IFRS. How do you achieve this?
Note: Please choose the correct answer.
a) Use two results analysis keys in the sales order items
b) Use two requirement classes in the sales order items
c) Use two results analysis versions defined in Customizing
d) Use two separate sales order items
14. Which of the following is a typical process sequence for selling products
from stock?
Note: Please choose the correct answer.
a) Incoming order -> Goods receipt/transport -> Dunning and payment -> Billing
b) Purchase requisition -> Billing -> Transport/goods receipt -> Dunning and payment
c) Incoming order -> Transport/delivery -> Billing -> Dunning and payment
d) Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing
15. The system does not allow you to create a primary cost element. What do
you check first?
Note: Please choose the correct answer.
a) Whether the P/L account exists
b) Whether the cost element category is valid
c) Whether the balance sheet account exists
d) Whether the G/L account currency is the same as the controlling area currency
16. Your customer requires a new Report Painter report that displays
information both for costs and statistical key figure quantities. How can you
implement this requirement?
Note: Please choose the correct answer.
a) Define two rows in the same report section.
b) Define two sections in the report.
c) Define two separate reports and combine them in the library.
d) Define two variants for the report.
17. You have posted the results of an assessment cycle run, but some of the
assigned receivers were incorrect. How can you correct this?
Note: Please choose the correct answer.
a) Correct the receiver entries and rerun the cycle with a different cycle run group to
post only the corrected results to the first run
b) Cancel the allocation with the original settings before you correct the receiver entries
and rerun the cycle
c) Post a manual cost allocation with the same assessment cost element

d) Correct the receiver entries and rerun the cycle. The original run will be canceled
automatically
18. Where do you have to activate Commitments Management to enable
postings of commitments on cost centers?
Note: Please choose the correct answer.
a) In the cost element master record
b) In the standard hierarchy
c) In the controlling area
d) In the cost center master record
19. Which of the following is a typical process sequence for selling products
from stock?
Note: Please choose the correct answer.
a) Purchase requisition -> Delivery/transport -> Dunning and payment -> Billing
b) Incoming order -> Transport/delivery -> Billing -> Dunning and payment
c) Purchase requisition -> Billing -> Transport/goods receipt -> Dunning and payment
d) Incoming order -> Goods receipt/transport -> Dunning and payment -> Billing
20. The system does not allow you to create a primary cost element. What do
you check first?
Note: Please choose the correct answer.
a) Whether the G/L account currency is the same as the controlling area currency
b) Whether the P&L account exists
c) Whether the balance sheet account exists
d) Whether the cost element category is valid

Solutions:
QUESTION: 01

QUESTION: 02

QUESTION: 03

QUESTION: 04

QUESTION: 05

Answer: d

Answer: c

Answer: a

Answer: c

Answer: d

QUESTION: 06

QUESTION: 07

QUESTION: 08

QUESTION: 09

QUESTION: 10

Answer: b

Answer: b

Answer: d

Answer: a

Answer: b

QUESTION: 11

QUESTION: 12

QUESTION: 13

QUESTION: 14

QUESTION: 15

Answer: b, d

Answer: b

Answer: c

Answer: c

Answer: a

QUESTION: 16

QUESTION: 17

QUESTION: 18

QUESTION: 19

QUESTION: 20

Answer: b

Answer: d

Answer: c

Answer: b

Answer: b