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C_TS4CO_2021 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Free Practice Exam Questions (2025 Updated)

Prepare effectively for your SAP C_TS4CO_2021 SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 80 questions

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 in the field catalog

C.

By defining the characteristic value in the check table

D.

By defining the characteristic value as a key figure

Which type of Profitability Analysis updates the cost of goods sold at the time of delivery?

A.

Periodic-accounting based

B.

Both account-based and costing-based

C.

Account-based only

D.

Costing-based only

To which object do you assign a costing sheet?

A.

Valuation variant

B.

Transfer control

C.

Cost component structure

D.

Costing variant

What are some of the characteristics of planning for internal orders? Note: There are 2 correct answers to this question.

A.

You can plan multiple versions.

B.

You can enter costs and revenues.

C.

You can define tolerance limits for plan overspend.

D.

Availability control can check against plan values.

In a standard system delivery, how many free characteristics can be added to an operating concern?

A.

0-70

B.

101-150

C.

71-100

D.

Over 150

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.

Release the cost estimate.

B.

Archive the cost estimates.

C.

Mark the cost estimate.

D.

Split the costs.

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

A.

Using an overhead group and an overhead key

B.

Using a profit center and an overhead key

C.

Using an origin group and an overhead group

D.

Using a special procurement type and an overhead group

You want to create cost centers for your company. What is the prerequisite to build an organizational structure for overhead cost controlling?

A.

Person responsible

B.

Profit center

C.

Standard hierarchy top node

D.

Cost center categories

What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question.

A.

Provide the company with information on the performance of its market segments.

B.

Allow the company to determine if the sales force achieved their contribution margin goals.

C.

Provide the company with a detailed view of its financial statements by areas of responsibilities.

D.

Allow the company to determine standard costs and revenues according to the period accounting method.

You are considering using commitment management with internal orders. What do you need to do in the configuration?

A.

Activate commitment management in both the controlling area and the order type.

B.

Activate commitment management in the controlling area, the order type, and in individual internal order master data.

C.

Activate commitment management in both the version and the order type.

D.

Activate commitment management only in the controlling area.

What parameters can you set up when defining order types?

A.

Define document type.

B.

Define default parameters for master record fields.

C.

Define source structure.

D.

Allow revenue postings.

You are running an indirect activity allocation. What do you post to the sender and receiver?

A.

You post only cost to both the sender and receiver.

B.

You post quantity and cost to both the sender and receiver.

C.

You post both quantity and cost to the sender, and cost only to the receiver.

D.

You post both quantity and cost to the receiver, and cost only to the sender.

What are some of the characteristics of SAP Core Data Services (CDS) views? Note: There are 3 correct answers to this question.

A.

CDS views are considered system modifications.

B.

CDS views have ready-to-use content.

C.

CDS views duplicate data for reporting efficiencies.

D.

CDS views have no latency.

E.

CDS views support authorization.

You have activated budget availability control against the overall value for an internal order and entered an overall budget of 10000.

Actuals of 10000 were posted in the previous year.

You are surprised to realize that a purchase order 1000 was created for this internal order in the current year.

How is that possible?

Note: There are 2 correct answers to this question.

A.

The purchase order has NOT generated a budget yet.

B.

The purchase order was entered in a different year than the budget.

C.

The cost element is exempted from budget availability control.

D.

The difference of 1000 is within the tolerance limits defined in the configuration.

You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? Note: There are 3 correct answers to this question.

A.

To define the user status

B.

To define users for the order

C.

To permit or forbid specific transactions

D.

To activate the CO partner update

E.

To set the initial status as Created or Released

Which statements are relevant to the cost of sales accounting method in profitability management? Note: There are 2 correct answers to this question.

A.

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

B.

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

C.

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

D.

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

You want to prevent reporting extreme periodic fluctuations in your P&L statement. Which Management Accounting activity should you choose to help spread irregular expenses throughout the fiscal year?

A.

Periodic reporting

B.

Accrual calculation

C.

Budget availability control

D.

Indirect activity allocation

You want to create a new standard cost estimate based on the quantity structure of the existing standard cost estimate. Which object do you use?

A.

Costing type

B.

Reference variant

C.

Transfer control

D.

Costing version

What values flow from Sales and Distribution billing to costing-based Profitability Analysis? Note: There are 2 correct answers to this question.

A.

Cost of goods sold split by cost components

B.

Value of "Gross Margin 2"

C.

Production variances split by variance categories

D.

Value of conditions of pricing procedure

Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question.

A.

It is used when periodic costs outweigh daily postings.

B.

It is used to analyze work in process (WIP) based on actual costs.

C.

It is used when the focus of controlling is on a stable and continuous production process.

D.

It is used in conjunction with a product cost collector.

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Total 80 questions
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