Free SAP Certified Application Associate – SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) Exam C_TS4CO_2021 Exam Practice Test

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

• CDS views are considered system modifications.
• CDS views have ready-to-use content.
• CDS views duplicate data for reporting efficiencies.
• CDS views have no latency.
• CDS views support authorization.

You have implemented Product Cost by Sales Oder in conjunction with cost-based POC results analysis in your organization.For a particular sales order item, you have the following:Plan revenue = 3000; Plan costs = 2000Actual revenue = 1200; Actual cost=1000What data does the system calculate during results analysis?

• 'Revenue = 1500; Cost of sales = 1000; Revenue surplus =300'
• 'Revenue = 1200; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 200'
• 'Revenue = 1500; Cost of sales = 1000; Capitalized revenue (revenue in excess of billings) = 300'
• 'Revenue = 1200; Cost of sales = 1000; Revenue surplus =200'

For which of the following situations would you need to implement the transfer price solution in SAP S4/NANA?

• Parallel variation views of the same logistical flows are needed to differentiate between legal and profit center valuation.
• Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.
• Parallel accounting is needed in order to be compliant with different accounting principles.
• Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.

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

• Settlement profile
• Valuation variant
• Profitability Analysis (PA) transfer structure
• Variance variant

You create a new profit center. Which company code(s) is it assigned to by default?

• All company codes where profit center accounting is activated.
• All company codes maintained in your authorization profile.
• All company codes within the controlling area.
• All company codes to which the profit center standard hierarchy is assigned to.

Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question.

• It is hosted on the SAP Cloud Platform and integrate seamlessly on the SAP S4/HANA on the Fiori Launchpad.
• It is the core SAP S4/HANA license and users the same technical stack and user interface.
• It uses core data services (CDS ) views to create virtual data models (VDMs ) for reporting.
• It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analysis Tools for reporting.

Which of the following statements are applicable to automatic account assignment in SAP S/4HANA? Note: There are 2 correct answers to this question.

• It can be overwritten in the application.
• It can be defined for postings on general ledger accounts of secondary costs type.
• It takes precedence over validation and substitution.
• It can be defined for postings on general ledger accounts of primary costs type.

You are setting up a direct internal activity allocation in SAP S4/HAN

• What is valid receivers for the activity? Note: There are 3 correct answers to this question.
• Profit center
• WBS element
• Sales order item
• Internal order
• General ledger account

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

• Periodic-accounting based
• Both account-based and costing-based
• Account-based only
• Costing-based only

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

• Cost of goods sold split by cost components
• Value of 'Gross Margin 2'
• Production variances split by variance categories
• Value of conditions of pricing procedure