[Feb-2023] SAP C-TS4CO-2021 Exam Practice Test Questions - ActualTestsQuiz
Updated Certification Exam C-TS4CO-2021 Dumps - Practice Test Questions
SAP C-TS4CO-2021 Exam Description:
PLEASE NOTE: This certification has been published for early adopters. Some recommended ‘ways to attain’ are not yet available. - - - - - - - - - - - - - - - -The 'SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021)' certification exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP S/4HANA Management Accounting. It tests that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under the guidance of an experienced consultant. It is recommended as an entry-level qualification to allow consultants to get acquainted within Management Accounting projects. This certificate is the ideal starting point for a professional career as a Management Accounting consultant on SAP S/4HANA. If experience in SAP implementation projects of Management Accounting are added over years, a professional career can be validated by taking a second exam which focuses on the migration from SAP ERP to SAP S/4HANA: "SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Financials experts". The certificate issued for passing this exam will be valid for 5 years.
NEW QUESTION 23
At what level do you create the structure of the operating concern?
- A. Controlling area level
- B. Company code level
- C. Sales organization level
- D. Client level
Answer: D
NEW QUESTION 24
Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question.
- A. Internal order
- B. Business process
- C. WBS element
- D. Cost center/activity type
Answer: A,C
NEW QUESTION 25
What master data objects can you set up using time-based fields? Note: There are 2 correct answers to this question.
- A. Statistical key figures
- B. Activity type
- C. Cost centers
- D. Cost element
Answer: B,C
NEW QUESTION 26
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis?
- A. By defining the characteristic value as a value field
- B. By defining the characteristic value as a key figure
- C. By defining the characteristic value in the field catalog
- D. By defining the characteristic value in the check table
Answer: D
NEW QUESTION 27
To which object do you assign a costing sheet?
- A. Valuation variant
- B. Costing variant
- C. Transfer control
- D. Cost component structure
Answer: A
NEW QUESTION 28
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item? Note: There are 2 correct answers to this question.
- A. The sales order item is assigned to a project.
- B. The sales order item is a cost object.
- C. Profitability Analysis (CO-PA) is activated.
- D. The material in the sales order item is a service.
Answer: A,C
NEW QUESTION 29
You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? Note: There are 2 correct answers to this question.
- A. Costing-based Profitability Analysis must be active.
- B. The type of the addressed ledger must be an extension ledger.
- C. Account-based Profitability Analysis must be active.
- D. The type of the general ledger account must be primary cost/revenue or secondary cost.
Answer: C,D
NEW QUESTION 30
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 according to tolerance limits
- B. The availability of funds using overall plan value
- C. The availability of funds on period level
- D. The availability of funds in object currency
Answer: A,D
NEW QUESTION 31
You want to setup integrated planning for your internal order. What do you need to do? Note: There are 2 correct answers to this question.
- A. Set the relevant indicator in the controlling area.
- B. Set the relevant indicator in the internal order master record.
- C. Set the relevant indicators in the CO version.
- D. Set the relevant indicator in the planning profile of the order type.
Answer: B,C
NEW QUESTION 32
In the Product Cost by Order process, what does the system calculate depending on the order status?
- A. WIP at target costs or variances
- B. Both WIP and variances
- C. WIP at actual costs or variances
- D. WIP at percentage of completion (PoC) method or variances
Answer: C
NEW QUESTION 33
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. Assignment of cost component to calculation base for overheads in costing sheet
- B. Relevance of cost component to inventory valuation
- C. Relevance of cost component to results analysis
- D. Assignment of cost component of cost component group
- E. Relevance of cost component to goods manufactured
Answer: B,D,E
NEW QUESTION 34
Which of the following steps are part of the procedure to update the standard price of the material? Note:
There are 2 correct answers to this question.
- A. Archive the cost estimates.
- B. Release the cost estimate.
- C. Split the costs.
- D. Mark the cost estimate.
Answer: B,D
NEW QUESTION 35
What do you need to setup in order to bring the values incoming sales orders into account-based Profitability Analysis?
- A. A new standard G/L ledger with exclusive usage of "Prediction"
- B. A multi-valuation ledger
- C. An extension ledger of type "Simulation"
- D. An extension ledger of type "Prediction and Commitment"
Answer: D
NEW QUESTION 36
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 only primary costs.
- C. They use the original cost element during transfer
- D. They transfer primary and secondary costs.
Answer: A,D
NEW QUESTION 37
Which statement best describes the Query Browser for reporting?
- A. It is a desktop browser that integrates with SAP S/4HANA.
- B. It is available as an additional license product in SAP S/4HANA.
- C. It is the frontend used to define reports in Analysis for Office.
- D. It is a design studio app that comes as standard SAP Fiori content.
Answer: A
NEW QUESTION 38
What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are
2 correct answers to this question.
- A. Production variances split by variance categories
- B. Value of "Gross Margin 2"
- C. Cost of goods sold split by cost components
- D. Value of conditions of pricing procedure
Answer: C,D
NEW QUESTION 39
You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle?
- A. Cycle iteration
- B. Sender cost objects
- C. Template
- D. Tracing factor
Answer: D
NEW QUESTION 40
What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question.
- A. Provide the company with a detailed view of its financial statements by areas of responsibilities.
- B. Allow the company to determine if the sales force achieved their contribution margin goals.
- C. Allow the company to determine standard costs and revenues according to the period accounting method.
- D. Provide the company with information on the performance of its market segments.
Answer: B,D
NEW QUESTION 41
You are creating new activity type and want to maintain plan prices for a cost center. Which attribute must you configure in the activity type master record? Note: There are 3 correct answers to this question.
- A. Price indicator
- B. Valid cost center categories
- C. Activity type category
- D. Company code
- E. CO version
Answer: A,B,C
NEW QUESTION 42
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
- A. Record type
- B. Version
- C. Cost element
- D. Value in Controlling Area Currency
Answer: B
NEW QUESTION 43
Which processes split costs into their primary cost components? Note: There are 2 correct answers to this question.
- A. Execution of the assessment cycles
- B. Business process price calculation
- C. Cost center/activity type price calculation
- D. Settlement of internal orders
Answer: B,C
NEW QUESTION 44
How can you populate local variables in Profitability Analysis reports?
- A. By user entry during report execution
- B. By populating from user parameters
- C. By user exit
- D. By Business Add-In
Answer: A
NEW QUESTION 45
How can you define the overhead rate in a costing sheet? Note: There are 2 correct answers to this question.
- A. As lot-based surcharge
- B. As equivalence number
- C. As percentage rate
- D. As quantity-based surcharge
Answer: C,D
NEW QUESTION 46
You are setting up costing-based Profitability Analysis for your organization. How do you configure the deferent market segments?
- A. As characteristics
- B. As divisions
- C. As value fields
- D. As key Figures
Answer: A
NEW QUESTION 47
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C-TS4CO-2021 Exam Certification Details:
| Exam: | 80 questions |
| Duration: | 180 mins |
| Sample Questions: | SAP C-TS4CO-2021 Exam Sample Question |
| Cut Score: | 64% |
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