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C_TFIN22_67 SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 Question and Answers

Question # 4

Which of the following needs to be activated in the New GL to implement profit center accounting for all costs and revenues? (Choose two)

A.

Scenario profit center update

B.

Scenario segment reporting

C.

Real-time integration CO/FI

D.

Document splitting

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Question # 5

For what purpose can you use a statistical internal order? (Choose two)

A.

Overhead surcharges.

B.

Settlement.

C.

Budget and availability control.

D.

Cost planning.

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Question # 6

The customer requires a flexible selection of cost elements when starting a Report Painter report. How do you define the report?

A.

Using a row model with predefined key figures.

B.

Using a variable for the cost element group.

C.

Using a predefined report template.

D.

Using a variable for the report variant.

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Question # 7

A company wants to prevent postings of more than 5000 EUR on cost centers by generating an error message. What do you recommend?

A.

Activating and using availability control for cost centers.

B.

Creating a substitution rule in the IMG.

C.

Creating a lock amount on the control tab in the cost center master data.

D.

Creating a validation rule in the IMG.

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Question # 8

Which of the following fields are required to create a cost center in management accounting (CO)? (Choose two)

A.

User responsible

B.

Hierarchy area

C.

Description

D.

Company code

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Question # 9

A customer needs an error message to be displayed when the internal order budget has been exceeded by 15%. How can the customer achieve this? (Choose two)

A.

By entering the budget profile in the order type.

B.

By customizing the tolerance limits for the budget profile.

C.

By activating availability control in the controlling area.

D.

By entering the budget profile in the order master data.

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Question # 10

Where do you have to activate commitment management to enable posting commitments on cost centers?

A.

Cost center master record

B.

Controlling area

C.

Standard hierarchy

D.

Cost element master record

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Question # 11

Which of the following statement are correct in context of cost center accounting in an organization?

Please choose the correct answer.

Response:

A.

Determining the cost incurred within an organization

B.

Measuring the cost efficiency at various area of organization.

C.

Valuate semi finished, finished goods realistically

D.

Revenues can be posted directly to cost center

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Question # 12

Which applications are integrated with variant configuration in SAP ERP? (Choose three)

A.

ERP Quality Management (QM)

B.

ERP Finance (Fl)

C.

Internet Pricing and Configurator (IPC)

D.

ERP Pricing (SD)

E.

ERP Costing (CO)

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Question # 13

Which SAP NetWeaver component realizes cross-system application processes?

A.

SAP Enterprise Portal (SAP EP)

B.

SAP Business Warehouse (SAP BW)

C.

SAP Exchange Infrastructure (SAP XI)

D.

SAP Process Integration (SAP PI)

E.

SAP Master Data Management (SAP MDM)

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Question # 14

What runtime environments are provided by SAP NetWeaver? (Choose two)

A.

WebSphere AS

B.

Apache Tomcat

C.

ASABAP

D.

AS Java

E.

Boss AS

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Question # 15

Which document types are typically incorporated into the Business Blueprint? (Choose three)

A.

Process models

B.

Business requirements

C.

Project charters

D.

Test cases

E.

Functional solution designs

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Question # 16

A company wants to use Profitability Analysis (CO-PA) to obtain an early analysis of their anticipated profits. Which functionality provides the best results?

A.

Transfer the plan balance data from Fl to account-based CO-PA and use record type "F" for analysis.

B.

Analyze sales quotation as a detail value.

C.

Transfer the plan data from the "Sales and operation planning" to costing-based CO-PA and use record type "P" for analysis.

D.

Transfer sales orders and quotations from SD to costing-based CO-PA and use record type "A" for analysis.

E.

Transfer sales orders and quotations from SD to account-based CO-PA and use record type "F" for analysis.

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Question # 17

The differences between Summarization vs. saving reports is as below, which statement is not correct?

Please choose the correct answer.

Response:

A.

Navigation in hierarchies possible in summarization while no navigation in hierarchies is possible in saving.

B.

Navigation in reports not possible in summarization while navigation in reports is possible in saving reports.

C.

In summarization different reports from same area’s data, while data save according to specific report in saving reports.

D.

Quick ad hoc reports in summarization while specific report in saving reports.

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Question # 18

An Automotive customer works with 600,000 material numbers in a multi-level production environment. The whole costing run takes several hours. Now they are simulating the impact of an alternative production setup, which uses the same raw materials and semi-finished products.

What option would you recommend to significantly shorten the duration of the costing run?

A.

Use the Schedule Manager to optimize the duration of the Costing Run.

B.

Use the easy cost planning function for simplified and accelerated costing.

C.

Assign a suitable transfer control strategy to the relevant costing variant in the IMG

D.

Define a mixed costing strategy and maintain mixing ratios.

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Question # 19

When settling an investment order for an unfinished asset, the customer, by law, needs to settle the order to an asset under construction (AuC).

How can this be accomplished in the system?

A.

Set up an appropriate investment reason and a threshold for scale level and assign both to the order.

B.

Set up an assessment cycle to allocate the costs of the investment order to the previously created AuC.

C.

Assign a settlement rule to AuC directly to the position of the investment program.

D.

Set up the investment profile to use the AuC of a certain asset class and assign it to the used order type.

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Question # 20

What is the correct sequence of the critical tasks in a New General Ledger Accounting migration?

A.

1. Close previous fiscal year using classic G/L

2. Switch off classic G/L

3. Perform new G/L migration and turn on new G/L

B.

1. Close previous fiscal year using classic G/L

2. Perform new G/L migration and turn on new G/L

3. Switch off classic G/L

C.

1. Switch off classic G/L

2. Perform new G/L migration and turn on new G/L

3. Close previous fiscal year using classic G/L

D.

1. Perform new G/L migration and turn on new G/L

2. Close previous fiscal year using classic G/L

3. Switch off classic G/L

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Question # 21

A certain cost element has conflicting cost center assignments in the Default Account Assignment field (cost element master data) and in the Automatic Account Assignment table (IMG). What happens when a document is posted with this cost element?

A.

The Automatic Account Assignment (IMG) has a higher priority.

B.

An error message is displayed.

C.

The system prompts you in a dialog box.

D.

The Default Account Assignment (cost element master data) has a higher priority.

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Question # 22

What is the advantage of using a key figure scheme in drilldown reports in profitability analysis?

A.

The key figure scheme allows the calculating of lines with subtotals in a drill down report.

B.

A key figure scheme allows for simultaneous access to different databases.

C.

The key figure scheme allows quick access to predefined key figures in the database.

D.

A key figure scheme improves the runtime of the drilldown report.

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Question # 23

A customer wants to allocate internal and external costs, based on statistical key figure values, to the receivers. Which method do you choose?

A.

Assessment

B.

Overhead calculation

C.

Distribution

D.

Settlement

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Question # 24

Which of the following statements regarding the SAP NetWeaver platform are correct? (Choose two)

A.

SAP NetWeaver can power both SAP and non-SAP solutions

B.

SAP NetWeaver’s predefined IT Scenarios describe the allocation of functionality to either the ABAP or Java stack for execution

C.

SAP NetWeaver is an application platform that serves as the foundation for integrating solutions on several different levels

D.

SAP NetWeaver enables process integration through modules such as Business Intelligence and Knowledge Management

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Question # 25

A company creates a cost center-related purchase order and complains that the commitment is not visible in the current commitment report, although commitment management is properly setup in CO. What is a possible reason?

A.

Commitment relevance is not activated in the relevant vendor master record.

B.

Commitments are not posted real-time, but with a periodic transaction.

C.

Commitment relevance is not activated in the relevant material master record.

D.

The commitment is already posted, but only visible in the report of the future period based on the planned goods receipt date.

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Question # 26

Which of the following is the typical sequence of steps in an ASAP roadmap?

A.

Business blueprint -> Project preparation -> Final preparation -> Realization -> Go-live and support

B.

Project preparation -> Final preparation -> Business blueprint -> Realization -> Go-live and support

C.

Project preparation -> Business blueprint -> Realization -> Final preparation -> Go-live and support

D.

Project preparation -> Realization -> Business blueprint -> Final preparation -> Go-live and support

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Question # 27

You are using drill down reporting to evaluate data in Profitability analysis and you have defined an exception for an entire column, which of the following functionality is available in the drill down report?

There are 2 correct answers to this question.

Response:

A.

The exception can be applied to entire list of the report.

B.

The exception can be defined on a drill-down list.

C.

The exception consists of two threshold values.

D.

The exception is not visible if we drill down to next level.

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Question # 28

Your New GL customer uses real-time reconciliation of CO and FI. The customer wants to show the value flow of activity allocations between cost centers assigned to different profit centers. What does the customer have to configure?

There are 2 correct answers to this question.

Response:

A.

Execute the periodic transfer to profit center accounting.

B.

Define a G/L reconciliation account for direct activity allocation.

C.

Select profit center as a characteristic for real time reconciliation between CO and FI.

D.

Carry out a reconciliation run for activities types in the new GL.

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Question # 29

Suppose the financial accounting & management accounting has same number of posting period, but in financial accounting four special periods have been setup but in management accounting two special periods have been setup.

The posting in financial accounting are done for third & fourth special period then what will be the posting in management accounting?

Please choose the correct answer.

Response:

A.

The posting will be done in last management accounting posting period.

B.

The posting will be done in the first special period in management accounting.

C.

The posting will be done in the Second special period in management accounting.

D.

No posting will be done in management accounting.

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Question # 30

A customer is producing materials according to planned independent requirements.

At what time during the make-to-stock process is the requirement consumption of a new sales order item visible in the system?

A.

After creating the delivery

B.

After posting goods issue

C.

After saving the order

D.

After a new planning run

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Question # 31

Which of the following statement is not correct?

Please choose the correct answer.

Response:

A.

Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads.

B.

We can post both planned as well as actual statistical key figures.

C.

The fixed value statistical key figure is posted in the period in which it is entered.

D.

We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures.

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Question # 32

On what does SAP Early Watch Alert report?

(Choose two)

A.

System configuration

B.

Business processes

C.

Performance trending

D.

Hardware failures

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Question # 33

Which of the following is a typical process sequence for selling products from stock?

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

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Question # 34

Which of the following integration scenarios exist in SAP ERP? (Choose two)

A.

Personnel Cost Planning with Asset Accounting (FI-AA)

B.

Fl integration with Payroll

C.

PA master data with CO cost centers

D.

Cross-Application Time Sheet (CATS) integration with PP confirmations

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Question # 35

A customer is using sales order controlling. How are the revenues and cost of goods sold transferred to CO-PA?

A.

By results analysis.

B.

By settlement.

C.

By billing.

D.

By outbound delivery.

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Question # 36

You have completed the basic configuration of SAP Solution Manager and defined the solution landscape. Which of the following scenarios will work without further configuration steps? (Choose two)

A.

Business Process and Interface Monitoring

B.

Early Watch Alert

C.

Change Request Management

D.

Maintenance Optimizer

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Question # 37

A customer is interested in using the SAP Solution Manager. How do you explain it to them?

A.

Provides the development and runtime environment for SAP applications and can be used for custom development and integration with other applications and systems

B.

Facilitates the exchange of information among a company's internal software and systems and those of external parties

C.

Provides business experts with an infrastructure for realizing and operating planning scenarios or other applications

D.

Provides integrated support of the life-cycle of a business solution, from the Business Blueprint, through configuration to production operation

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Question # 38

A new SAP customer is looking for a lean monthly reporting that should visualize their requirements of:

Cost of Goods Sold Accounting

Periodic Profitability Accounting

Return on Investment (ROI) key figures

Cost analysis including additional accrued cost

Which application meets all of these reporting requirements?

A.

Profit Center Accounting drilldown reporting

B.

Profitability reporting in account-based CO-PA

C.

Profitability reporting in costing-based CO-PA

D.

Fl balance sheet and profit and loss reporting based on US GAAP

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