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

Detailed Explanation: For maintaining plan prices of a cost center, the activity type master record should include the CO version (option B), valid cost center categories (option C), and the activity type category (option D). These attributes ensure accurate cost allocation and pricing within SAP S/4HANA.

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:Automatic settlement rule generation for sales order items in SAP S/4HANA requires that costing-based profitability analysis is active and that the sales order item is assigned to a project to enable correct cost flow to profitability segments.

Detailed Explanation: A single costing run can handle inventory cost estimates for materials in a single plant (option B) and standard cost estimates for all materials within a controlling area’s company codes (option D). This functionality optimizes cost estimations across production locations in SAP S/4HANA.

Detailed Explanation:Number range intervals in SAP S/4HANA are maintained by business transactions and controlling area, allowing document numbering to be systematically organized and controlled within specific areas and transaction types.

Detailed Explanation: In SAP S/4HANA Cloud, Private Edition, planning for internal orders allows users to enter both costs and revenues (option B) and set tolerance limits to control overspending (option D). This functionality is part of cost center and internal order management under SAP’s Management Accounting module, where cost planning and availability checks can help manage resource allocation for specific projects or internal activities.

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: For deriving profitability segments in the Universal Journal, account-based Profitability Analysis must be activated (option A), and the G/L account should be either primarycost/revenue or secondary cost type (option D). This configuration enables detailed profitability tracking in SAP S/4HANA.

Detailed Explanation:SAP S/4HANA Cloud Private Edition encourages clean core integrations using modern API frameworks such as SOAP and OData. These APIs provide robust and standardized connectivity options that support extensibility and integration, without modifying the core SAP codebase. OData, in particular, aligns with SAP Fiori for easier integration across platforms, while SOAP offers strong support for more complex integrations and high-volume transactions.

Detailed Explanation:Assessment cycles in SAP S/4HANA Controlling use secondary cost elements for cost transfers, support primary and secondary cost transfers, and can be structured using allocation structures. This allows flexible and accurate distribution of costs across controlling objects.

Detailed Explanation: Internal orders in SAP can be settled to various cost objects, including networks (option B), sales order items (option C), and WBS elements (option D). These are key objects for cost management, allowing for detailed tracking and settlement in project and order management scenarios.

Detailed Explanation: When defining order types in SAP, revenue posting permissions (option C) and default parameters for master record fields (option D) can be set. These configurations enable greater flexibility in internal order management and reporting.

Detailed Explanation:Overhead rates in a costing sheet can be defined as a percentage rate or a quantity-based surcharge. This flexibility allows companies to allocate overhead based on usage quantities or as a percentage of base costs.

Detailed Explanation: The budget availability control allows a purchase order if the amount falls within defined tolerance limits (option B), or if certain cost accounts are exempt (option D). These settings provide flexibility within budget controls for different fiscal years in SAP S/4HANA.

Detailed Explanation:The cost center category in SAP S/4HANA allows grouping of similar cost centers, enabling the assignment of consistent attributes and settings, thus streamlining configuration and reporting.

Detailed Explanation:Setting up costing-based Profitability Analysis involves defining characteristics, assigning value fields to conditions, and configuring summarization levels. These steps enable detailed reporting and segmentation of profitability data in SAP S/4HANA.

Detailed Explanation: In the settlement profile, you can configure whether settlement is required (option A) and define the document type for settlement (option D). These settings are crucial in managing cost flows and ensuring accurate settlements in SAP S/4HANA.

Detailed Explanation: Manual cost allocation allows for simple allocations of actual data (option B) and correction of secondary postings (option C). This functionality is helpful in making quick adjustments without running complex allocation cycles in SAP S/4HANA Management Accounting.

Detailed Explanation:In the Product Cost by Order process, the system calculates Work In Process (WIP) at target costs or variances based on the order status, enabling precise cost tracking until the order is completed and settled.

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:To ensure costs are collected at the sales order item level, you need to checksettings for the requirement type, account assignment category, and requirements class in SAP S/4HANA, which determine how and where costs are tracked and assigned.