Jan-2024 C_TS4CO_2021 Study Material, Preparation Guide and PDF Download
Free C_TS4CO_2021 Certification Sample Questions with Online Practice Test
NEW QUESTION # 44
Which setting in the cost center master data do you use to assign the same attributes to similar cost center?
- A. Cost center type
- B. Cost center category
- C. Object class
- D. Standard hierarchy node
Answer: B
NEW QUESTION # 45
In the Product Cost by Order process, what does the system calculate depending on the order status?
- A. WIP at actual costs or variances
- B. Both WIP and variances
- C. WIP at target costs or variances
- D. WIP at percentage of completion (PoC) method or variances
Answer: A
NEW QUESTION # 46
You are running an indirect activity allocation. What do you post to the sender and receiver?
- A. You post only cost to both the sender and receiver.
- B. You post both quantity and cost to the receiver, and cost only to the sender.
- C. You post quantity and cost to both the sender and receiver.
- D. You post both quantity and cost to the sender, and cost only to the receiver.
Answer: C
NEW QUESTION # 47
You want to maintain a cost component structure. What can you determine for each cost component? Note:
There are 3 correct answers to this question.
- A. Relevance of cost component to results analysis
- B. Assignment of cost component to calculation base for overheads in costing sheet
- C. Assignment of cost component of cost component group
- D. Relevance of cost component to goods manufactured
- E. Relevance of cost component to inventory valuation
Answer: C,D,E
NEW QUESTION # 48
Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question.
- A. It is used when you perform repetitive manufacturing.
- B. It is recommended for products with a long production time.
- C. It is used when full cost traceability is needed.
- D. It is used when controlling by individual production lots or discrete quantities is needed.
Answer: C,D
NEW QUESTION # 49
You are setting up costing-based Profitability Analysis for your organization. How do you configure the deferent market segments?
- A. As divisions
- B. As value fields
- C. As characteristics
- D. As key Figures
Answer: C
NEW QUESTION # 50
What are some of the unique attributes of an assessment cycle in Controlling? Note: There are 2 correct answers to this question.
- A. They use a secondary cost element during transfer.
- B. They transfer primary and secondary costs.
- C. They transfer only primary costs.
- D. They use the original cost element during transfer
Answer: A,B
NEW QUESTION # 51
You want to use budget availability control for your projects and internal orders. What can you check using budget availability control? Note: There are 2 correct answers to this question.
- A. The availability of funds in object currency
- B. The availability of funds on period level
- C. The availability of funds using overall plan value
- D. The availability of funds according to tolerance limits
Answer: A,D
NEW QUESTION # 52
Which statements best describes a single cost center standard hierarchy?
- A. It is a structure to which all cost center groups create for a controlling area are assigned.
- B. It is a structure to which all the cost centers within a controlling area are assigned.
- C. It is a structure to which all the cost centers within an operating concern are assigned.
- D. It is a structure to which all cost center groups created within an operating concern are assigned.
Answer: B
NEW QUESTION # 53
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 periodic costs outweigh daily postings.
- 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 the focus of controlling is on a stable and continuous production process.
Answer: B,D
NEW QUESTION # 54
What can you configure in the settlement profile? Note: There are 2 correct answers to this question.
- A. Determine an overhead key.
- B. Determine whether settlement is required.
- C. Define document management parameters.
- D. Define a number range for settlement document.
Answer: B,C
NEW QUESTION # 55
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
- A. Value in Controlling Area Currency
- B. Version
- C. Record type
- D. Cost element
Answer: B
NEW QUESTION # 56
You create a new profit center. Which company code(s) is it assigned to by default?
- A. All company codes within the controlling area.
- B. All company codes where profit center accounting is activated.
- C. All company codes to which the profit center standard hierarchy is assigned to.
- D. All company codes maintained in your authorization profile.
Answer: A
NEW QUESTION # 57
You want to use template to consider overhead during product costing. How do you assign the template to your material?
- A. Using an origin group and an overhead group
- B. Using an overhead group and an overhead key
- C. Using a profit center and an overhead key
- D. Using a special procurement type and an overhead group
Answer: B
NEW QUESTION # 58
You are considering using commitment management with internal orders. What do you need to do in the configuration?
- A. Activate commitment management only in the controlling area.
- B. Activate commitment management in both the controlling area and the order type.
- C. Activate commitment management in the controlling area, the order type, and in individual internal order master data.
- D. Activate commitment management in both the version and the order type.
Answer: B
NEW QUESTION # 59
You are configuring internal order settlement. What do you define which cost element should be settled, using either the original settlement cost elements?
- A. Settlement profile
- B. Settlement rule
- C. Allocation structure
- D. Credit component (of the costing sheet)
Answer: C
NEW QUESTION # 60
You want enable WIP calculation in Product Cost by Period. What do you need to configure?
- A. Settlement profile
- B. Variance variant
- C. Valuation variant
- D. Profitability Analysis (PA) transfer structure
Answer: C
NEW QUESTION # 61
What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question.
- A. You can define tolerance limits for plan overspend.
- B. You can enter costs and revenues.
- C. Availability control can check against plan values.
- D. You can plan multiple versions.
Answer: B,D
NEW QUESTION # 62
You have activated budget availability control against the overall value for an internal order and entered an overall budget of 10000.
Actuals of 10000 were posted in the previous year.
You are surprised to realize that a purchase order 1000 was created for this internal order in the current year.
How is that possible?
Note: There are 2 correct answers to this question.
- A. The difference of 1000 is within the tolerance limits defined in the configuration.
- B. The cost element is exempted from budget availability control.
- C. The purchase order has NOT generated a budget yet.
- D. The purchase order was entered in a different year than the budget.
Answer: A,B
NEW QUESTION # 63
What do you need to setup in order to bring the values incoming sales orders into account-based Profitability Analysis?
- A. An extension ledger of type "Prediction and Commitment"
- B. A new standard G/L ledger with exclusive usage of "Prediction"
- C. An extension ledger of type "Simulation"
- D. A multi-valuation ledger
Answer: A
NEW QUESTION # 64
You create alternative CO versions for your controlling area, in addition to version 0. What would you use additional CO versions for? Note: There are 2 correct answers to this question.
- A. To store data of parallel valuation
- B. To store different budget data
- C. To store data of alternative plan costing runs
- D. To store different plan data
Answer: A,D
NEW QUESTION # 65
How do you maintain number range intervals in Controlling?
- A. By cost element category
- B. By business transactions
- C. By document type
- D. By account type
Answer: B
NEW QUESTION # 66
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