MANAGERIAL AND FINANCIAL ACCOUNTING - CO PAPER: 3

1.what is the sequence to be followed for creation of a primary cost element

  1. cost element to be created before G/L account
  2. G/L account to be created before cost element
  3. Both can be created in parallel

2. which CO master data has a direct link with FI master data

  1. SKF
  2. Activity type
  3. Primary cost element
  4. Secondary cost element
  5. Cost center

3. which of the following CO master data requires a cost element assignment during creation

  1. SKF
  2. Activity type
  3. Cost center
  4. None of the above

4. what is the difference between assessment and distribution

  1. assessment is done periodically and distribution whenever required
  2. assessment uses secondary cost elements for distribution while distribution uses primary cost elements
  3. both mean the same
  4. none of the above

5. which cost allocation method uses primary cost elements

  1. assessment
  2. distribution
  3. SKF
  4. None of the above

6. CO tool-'period lock' can be used to block transactions

  1. at controlling area, fiscal year, version, plan/actual level only
  2. at controlling area, fiscal year and version level only
  3. at controlling area, fiscal year level only
  4. at a controlling area level only
  5. at all the above levels

7. what are tracing factors used

  1. splitting
  2. assessment cycles
  3. plan reconciliation
  4. activity price calculation

8. which of the following is not a part of period end closing for actuals in cost center accounting

  1. distribution
  2. assessment
  3. splitting
  4. reposting line items
  5. activity price calculation

9. which cost center accounting tool is essential for cost center accounting period end closing

  1. archiving
  2. summarization
  3. period lock
  4. all of the above
  5. none of the above

10. which sub module of CO is used for 'responsibility accounting'

  1. cost center accounting
  2. product costing
  3. profitability analysis
  4. all the above
  5. none of the above

11. can a revenue cost element be posted to a cost center

  1. real posting can be made
  2. statistical postings can be made
  3. no posting can be made

12. can you manually post to a secondary cost element created for internal settlement

  1. yes
  2. no
  3. occasionally

13. can many cost centers produce the same activity

  1. yes
  2. no
  3. occasionally

14. can a cost center produce many activities

  1. yes
  2. no
  3. occasionally

15. is there a difference between planning and budgeting for cost centers

  1. no, both are the same
  2. yes, they are two different processes

16. what is the relationship between controlling and company code

  1. one to many
  2. one to one
  3. many to many

17. how many hierarchies can a cost center belong to

  1. only one
  2. more than one
  3. none

18. cost center needs to be attached to

  1. standard hierarchy
  2. alternate hierarchy
  3. none of the above

19. which functionality is used to revise a CO plan using change percentages

  1. copy planning
  2. plan reconciliation
  3. periodic reposting
  4. revaluation
  5. none of the above

20. for which types of cost can you plan both variable and fixed costs

  1. activity dependent primary and secondary costs
  2. activity independent primary and secondary costs
  3. none of the above
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MANAGERIAL AND FINANCIAL ACCOUNTING - CO PAPER: 2

1.what is the integration point between CO and FI

  1. cost center
  2. cost element
  3. internal order
  4. all
  5. none

2. which of the following requires a G/L account as a basic requirement for its creation

  1. cost center
  2. primary cost element
  3. secondary cost element
  4. none
  5. all

3. FI-CO reconciliation is required for the following

  1. CO posting from one cost center to another cost center within same business area
  2. CO posting from one cost center to another cost center in different business areas
  3. Does not affect from CO postings
  4. None
  5. All

4. which of the following are cost objects

  1. cost center
  2. primary cost element
  3. secondary cost element
  4. order
  5. a and d

5. what fields in a cost center can be changed after posting transaction

  1. standard hierarchy
  2. cost center category
  3. currency
  4. business area
  5. a and b

6. what are the mandatory fields for cost center

  1. name
  2. business area
  3. cost center manager
  4. currency
  5. all

7. what are the fiscal year based fields in cost center master data

  1. name
  2. hierarchy
  3. currency
  4. business area
  5. c and d

8. what is the activity type category for manual allocation

  1. 1
  2. 2
  3. 3
  4. 4
  5. all

9. what is the activity type category for inverse determination and automatic allocation

  1. 1
  2. 2
  3. 3
  4. 4
  5. all

10. activity price can be computed in the system based on

  1. planned activity
  2. capacity
  3. a and b
  4. manual
  5. none

11. hierarchy area is defined in

  1. cost center
  2. cost element
  3. activity type
  4. SKF
  5. All

12. primary cost element is used in posting of the following transaction

  1. reposting
  2. distribution
  3. a and b
  4. assessment
  5. internal activity

13. secondary cost element is used in posting of the following transaction

  1. reposting
  2. distribution
  3. assessment
  4. internal activity
  5. c and d

14. what is the relationship between cost centers and controlling area

  1. 1:1
  2. 1:n
  3. n:1
  4. n:n
  5. none

15. which are the receivers from assessment allocation

  1. cost center
  2. order
  3. cost object
  4. all of the above

16. tracing factor is used in

  1. indirect activity allocation
  2. assessment
  3. distribution
  4. all

17. plan cost splitting is done for a cost center because

  1. to calculate activity price correctly
  2. to calculate plan/target/actual comparison correctly
  3. it is mandatory for system
  4. to calculate actual activity price correctly
  5. all

18. allocation of primary and secondary costs is possible in the following method

  1. indirect activity allocation
  2. assessment
  3. periodic reposting
  4. distribution
  5. all

19. which of the following methods are used for cost allocation from cost centers

  1. distribution
  2. assessment
  3. periodic reposting
  4. all

20. which of the following methods are used for cost allocation from internal order

  1. distribution
  2. assessment
  3. periodic reposting
  4. all

21. order cost can be settled to following objects

  1. cost center
  2. order
  3. order item
  4. material
  5. all
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MANAGERIAL AND FINANCIAL ACCOUNTING - CO PAPER: 1

1.what is the relationship between operating concern and controlling area

  1. 1:1
  2. 1:n
  3. n:1
  4. n:n
  5. none

2. what is the relationship between controlling area and company code

  1. 1:1
  2. 1:n
  3. n:1
  4. n:n
  5. none

3. what is the relationship between controlling area and business area

  1. 1:1
  2. 1:n
  3. n:1
  4. n:n
  5. no explicit assignment

4. can controlling area and company code assigned to each other have different chart of accounts

  1. yes
  2. no

5. can controlling area and company code assigned to each other have different fiscal year variant

  1. yes
  2. no

6. can controlling area and company code assigned to each other have different currency

  1. yes, if cross company controlling is active
  2. no in all circumstances

7. can operating concern and company code have different fiscal year variants

  1. yes
  2. no

8. can an operating concern and controlling area linked to each other have different currencies

  1. yes
  2. no
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SAP Period End Closing Activities

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