C_TS4CO_2023 SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Management Accounting Free Practice Exam Questions (2025 Updated)

Detailed Explanation: In SAP S/4HANA, cost center budget management includes the ability to import budget values via CSV (option A) and transfer budgets from one cost center to multiple others (option D). These features support streamlined budget adjustments and allocations, crucial for managing costs in the machinery industry.

Detailed Explanation:Automatic account assignment in SAP S/4HANA allows defining default account assignments for primary cost postings, and these proposed values can be adjusted as needed, allowing flexible management of financial postings.

Detailed Explanation: 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.

Detailed Explanation:In costing-based Profitability Analysis, line item tables CE2XXXX and CE1XXXX store relevant profitability data in SAP S/4HANA. These tables are used for reporting detailed cost and revenue allocations.

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

Detailed Explanation:In SAP S/4HANA, the costing type in a costing variant specifies parameters like date key for saving costs and price updates, allowing businesses to manage cost calculations over different periods and adjust for price changes.

Detailed Explanation:In SAP S/4HANA, an indirect activity allocation posts both quantity and cost to both sender and receiver, allowing for accurate tracking and balancing of activity quantities and associated costs.

Detailed Explanation:The cost center standard hierarchy in SAP S/4HANA is a mandatory structure for each controlling area, encompassing all cost centers, providing a basis for consistent reporting and data aggregation.

Detailed Explanation:SAP S/4HANA derives the requirement type based on the MRP or strategy group settings, allowing the system to link planning strategies to requirement types that define demand processing in Material Requirements Planning.

Detailed Explanation:Profit center allocations are managed within account-based profitability analysis in SAP S/4HANA, ensuring alignment of profitability and cost management with financial accounting.

Detailed Explanation:CDS views in SAP S/4HANA offer real-time access to data (no latency) and come with ready-to-use content. They also support authorizations, ensuring data security within reporting frameworks.

Detailed Explanation: In SAP S/4HANA, costing sheets are assigned to valuation variants (option B), which define the parameters for cost estimates, including indirect costs and overheads. This is essential for accurate cost analysis and financial reporting.

Detailed Explanation:The cost element is a versatile field used in both costing-based and account-based Profitability Analysis, providing detailed insights into cost flows across different dimensions in SAP S/4HANA.

Detailed Explanation: 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.

Detailed Explanation: Budget availability control in SAP S/4HANA allows checking funds based on overall plan value (option C) and tolerance limits (option D). These checks ensure effective budget management across projects and internal orders.

Detailed Explanation:Automatic settlement rule generation for sales order items in SAP S/4HANA requires that costing-based profitability analysis is active and that the sales order item is assigned to a project to enable correct cost flow to profitability segments.

Detailed Explanation: Product Cost by Period (PCP) is typically used with a product cost collector (option B) and is suitable for stable production processes (option C). This method supports continuous cost tracking in repetitive manufacturing scenarios in SAP S/4HANA.

Detailed Explanation: Business process price calculation (option B) and cost center/activity type price calculation (option D) split costs into primary cost components. These processes allow more detailed cost tracking by itemizing primary costs, aiding transparency in SAP S/4HANA Management Accounting.

Detailed Explanation:In SAP S/4HANA, the source structure determines which cost elements are utilized during internal order settlement. The source structure maps costs to specific categories for transfer to the assigned receiver.