SAP C_TS4CO_2023 Exam Practice Test Instant Access

Question 1

You create alternative CO versions for your controlling area, in addition to version 0. What would you use additional CO versions for?

Note: There are 2 correct answers to this question.

ATo store different budget data

BTo store data of parallel valuation

CTo store different plan data

DTo store data of alternative plan costing runs

Answer : B, C

Additional CO versions can store data for parallel valuations (option B) and different planning scenarios (option C). This supports flexibility in budgeting and planning, especially for organizations with multiple reporting requirements.

Question 2

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.

AAccount-based Profitability Analysis must be active.

BThe type of the addressed ledger must be an extension ledger.

CCosting-based Profitability Analysis must be active.

DThe type of the general ledger account must be primary cost/revenue or secondary cost.

Answer : A, D

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 primary cost/revenue or secondary cost type (option D). This configuration enables detailed profitability tracking in SAP S/4HANA.

Question 3

You are considering using commitment management with internal orders. Where do you need to activate commitment management?

Note: There are 2 correct answers to this question.

AIn the order type

BIn the controlling area

CIn individual internal order master data

DIn the version

Answer : A, B

Commitment management is activated at the order type level (option A) and in the controlling area (option B). This configuration is essential for tracking commitments, such as open purchase requisitions and orders, within internal orders in SAP S/4HANA Management Accounting.

Question 4

You want to use a template to consider overhead during product costing. How do you assign the template to your material?

AUsing a costing key and an overhead key

BUsing an overhead group and an overhead key

CUsing an origin group and an overhead group

DUsing a cost component group and an overhead group

Answer : B

An overhead group and an overhead key (option B) are assigned to include overhead costs in product costing. This assignment enables the application of pre-defined overhead rates in SAP S/4HANA, facilitating accurate product cost calculations.

Question 5

You create a new cost estimate. Which of the following steps are required to update the standard price of the material?

Note: There are 3 correct answers to this question.

AActivate the cost estimate.

BRelease the cost estimate.

CRun the cost estimate.

DMark the cost estimate.

ESimulate the cost estimate.

Answer : B, C, D

Running the cost estimate (option C), marking it (option D), and releasing it (option B) are necessary steps to update a material's standard price. This ensures that accurate, current cost data is used in inventory valuation and financial reporting in SAP S/4HANA.

Question 6

You want to enable WIP calculation in Product Cost by Period. What do you need to configure?

AVariance variant

BSettlement profile

CProfitability Analysis (PA) transfer structure

DValuation variant

Answer : D

The valuation variant (option D) is required to configure the work in process (WIP) calculation in Product Cost by Period. The valuation variant determines the costing strategy and defines which costs are included in the WIP calculation, essential for accurate inventory valuation and profitability analysis in SAP S/4HANA Management Accounting.

Question 7

Which statements are relevant to the cost of sales accounting method in profitability management?

Note: There are 2 correct answers to this question.

AIt presents the costs and revenues information in a format that is ideal for conducting margin analyses.

BIt aims to match revenues for goods and services against sales-related expenses.

CIt presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.

DIt aims to summarize activity and situational change for a given organizational unit over a period of time.

Answer : A, B

The cost of sales accounting method in SAP S/4HANA is used to present revenues alongside sales-related expenses, facilitating margin analysis and providing a clear picture of profitability directly related to sales.

SAP C_TS4CO_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Management Accounting Exam Practice Test