Week 7 - CO Flashcards
(30 cards)
- What is the primary goal of the Controlling (CO) module in SAP?
A. External financial reporting
B. Tax compliance
C. Internal decision-making support
D. Inventory tracking
C. Internal decision-making support
Explanation: CO (Managerial Accounting) is designed to support internal decision-making through reports like cost center and profit center performance.
- Which of the following is NOT a target audience for CO reports?
A. Executives
B. Cost Accountants
C. Tax Authorities
D. Department Managers
C. Tax Authorities
Explanation: CO reports are for internal use only; tax authorities are external stakeholders relevant to FI.
- What does the Controlling Area represent in SAP CO?
A. A legal entity for tax purposes
B. A unit for managing revenues and expenses
C. A department within a company
D. A product category
B. A unit for managing revenues and expenses
Explanation: The Controlling Area is a self-contained unit for managing revenues and expenses across one or more company codes.
- What is the purpose of an Operating Concern in CO?
A. To manage payroll
B. To define legal boundaries
C. To structure sales markets for profitability analysis
D. To track inventory
C. To structure sales markets for profitability analysis
Explanation: Operating Concern allows profitability analysis across market segments.
- Which master data object is responsible for both revenue generation and cost containment?
A. Cost Center
B. Internal Order
C. Profit Center
D. Statistical Key Figure
C. Profit Center
Explanation: Profit Centers are evaluated based on profit and ROI, handling both revenue and cost.
- What distinguishes a Cost Center from a Profit Center?
A. It generates revenue
B. It is temporary
C. It focuses only on cost containment
D. It is used for external reporting
C. It focuses only on cost containment
Explanation: Cost Centers are responsible for managing costs but do not generate revenue.
- What is an Internal Order used for?
A. Long-term budgeting
B. Revenue tracking
C. Temporary cost collection for short-term projects
D. Inventory management
C. Temporary cost collection for short-term projects
Explanation: Internal Orders are temporary cost collectors for events like trade shows or campaigns.
- What is the relationship between a revenue account in FI and a revenue element in CO?
A. They are unrelated
B. Revenue account = Revenue element
C. Revenue element is a subset of revenue account
D. Revenue account is only used in CO
B. Revenue account = Revenue element
Explanation: Revenue accounts in FI map directly to revenue elements in CO.**
- What is a Primary Cost Element?
A. Used only in CO for internal allocations
B. Originates in FI and transfers to CO
C. Used for revenue tracking
D. Temporary cost collector
B. Originates in FI and transfers to CO
Explanation: Primary Cost Elements originate in FI and are automatically transferred to CO.
- What is a Secondary Cost Element used for?
A. External reporting
B. Temporary cost tracking
C. Internal allocations within CO
D. Revenue generation
C. Internal allocations within CO
Explanation: Secondary Cost Elements are used exclusively in CO for internal cost flows like assessments.
- What are Statistical Key Figures used for?
A. External audits
B. Cost allocations
C. Revenue tracking
D. Inventory valuation
B. Cost allocations
Explanation: Statistical Key Figures (e.g., hours, square footage) support internal cost allocations.
- Which allocation method retains the identity of the original cost element?
A. Assessment
B. Distribution
C. Posting
D. Reconciliation
B. Distribution
Explanation: Distribution keeps the original cost element in both sender and receiver records.
- What is the main difference between Distribution and Assessment?
A. Distribution uses secondary cost elements
B. Assessment retains original cost element
C. Assessment uses secondary cost elements for grouped allocations
D. Distribution is used for revenue tracking
C. Assessment uses secondary cost elements for grouped allocations
Explanation: Assessment groups cost elements and uses secondary cost elements for allocation.
- What is the Universal Journal in S/4HANA?
A. A separate ledger for CO
B. A combined table for FI, CO, AA, ML, and PA
C. A report generator
D. A payroll system
B. A combined table for FI, CO, AA, ML, and PA
Explanation: The Universal Journal (ACDOCA) integrates data across modules for unified reporting.
- What transaction replaces CKM3/CKM3N in S/4HANA for Material Ledger views?
A. KA01
B. OKB9
C. CKM3PH
D. ACDOCA
C. CKM3PH
Explanation: CKM3PH provides improved views for materials with active actual costing.
- What major change occurred in S/4HANA regarding cost element master data?
A. It was removed entirely
B. It is now maintained separately from GL accounts
C. It is now part of the GL account master data
D. It is only used in FI
C. It is now part of the GL account master data
Explanation: In S/4HANA, cost element master data is integrated into the GL account master data, eliminating the need for separate maintenance.
- What is the purpose of the Universal Journal in S/4HANA?
A. To separate FI and CO data
B. To store payroll transactions
C. To unify account assignments across modules
D. To manage vendor master data
C. To unify account assignments across modules
Explanation: The Universal Journal (table ACDOCA) combines account assignments from FI, CO, AA, ML, and PA into a single source of truth.
- What is the name of the table where Universal Journal entries are stored?
A. BKPF
B. TKA3A
C. ACDOCA
D. CKM3PH
C. ACDOCA
Explanation: ACDOCA is the central table in S/4HANA that stores all line items for the Universal Journal.
- What is one key advantage of the Universal Journal?
A. Requires more memory
B. Requires separate reconciliation
C. Enables real-time, multi-dimensional reporting
D. Eliminates the need for cost centers
C. Enables real-time, multi-dimensional reporting
Explanation: The Universal Journal enables flexible, real-time reporting across multiple dimensions without data replication.
- What is the new transaction that replaces CKM3/CKM3N for viewing material costing?
A. OKB9
B. KA01
C. CKM3PH
D. ACDOCA
C. CKM3PH
Explanation: CKM3PH is the new transaction in S/4HANA for viewing material costing with actual costing enabled.
- What is the purpose of the Material Ledger in S/4HANA?
A. To manage payroll
B. To track employee hours
C. To manage material prices in multiple currencies and perform actual costing
D. To manage customer orders
C. To manage material prices in multiple currencies and perform actual costing
Explanation: The Material Ledger allows for multi-currency valuation and actual costing of materials.
- What is actual costing in the context of the Material Ledger?
A. Estimating future costs
B. Using standard prices
C. Calculating a periodic unit price based on actual costs
D. Ignoring currency differences
C. Calculating a periodic unit price based on actual costs
Explanation: Actual costing calculates a periodic unit price that includes all actual costs for a material during a period.
- What happens to views from CKM3/CKM3N in S/4HANA?
A. They are enhanced
B. They are moved to BI
C. They are replaced by CKM3PH
D. They are integrated into FI
C. They are replaced by CKM3PH
Explanation: CKM3PH replaces CKM3/CKM3N, offering improved views for materials with active actual costing.
- What is one benefit of the Universal Journal in S/4HANA?
A. Requires separate reconciliation between FI and CO
B. Reduces memory requirements and improves reporting flexibility
C. Eliminates the need for cost elements
D. Stores only FI data
B. Reduces memory requirements and improves reporting flexibility
Explanation: The Universal Journal harmonizes internal and external reporting, reduces memory usage, and enables flexible, real-time analysis.
