SAP C_TS4CO_2023 Exam Questions Instant Access

Question 1

At which level do you define the valuation method for results analysis?

AValuation area

BOperating concern

CClient

DControlling area

Answer : D

In SAP S/4HANA, the valuation method for results analysis is defined at the controlling area level. This ensures that all relevant cost objects within the controlling area apply the same valuation logic.

Question 2

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.

ATo define the user status

BTo define users for the order

CTo set the initial status as Created or Released

DTo permit or forbid specific transactions

ETo activate the CO partner update

Answer : B, C, D

A status profile allows you to define initial statuses (option C) and control specific transactions (option D). Additionally, it helps set order-specific rules for users (option B). These functions enable better control over internal order processing in SAP S/4HANA.

Question 3

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 4

Which of the following statements best describe Product Cost by Period?

Note: There are 2 correct answers to this question.

AIt is used to analyze costs by individual production lots.

BIt is used in conjunction with a product cost collector.

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

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

Answer : B, C

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.

Question 5

What are some of the unique attributes of an assessment cycle in Controlling?

Note: There are 3 correct answers to this question.

AThey use the original cost element during transfer.

BThey use a secondary cost element during transfer.

CThey can be processed in an iterative way.

DThey transfer primary and secondary costs.

EThey can be defined with an allocation structure.

Answer : B, D, E

Assessment cycles in SAP S/4HANA Controlling use secondary cost elements for cost transfers, support primary and secondary cost transfers, and can be structured using allocation structures. This allows flexible and accurate distribution of costs across controlling objects.

Question 6

Which parameters are controlled by the costing type in a costing variant?

Note: There are 2 correct answers to this question.

ACosting sheet

BSave with date key

CPrice updates

DPrice for materials

Answer : B, C

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.

Question 7

What can you do with statistical internal orders?

Note: There are 2 correct answers to this question.

APerform budget availability control.

BSimultaneously post to a cost center.

CSettle to a CO-PA segment.

DPerform results analysis.

Answer : B, D

Statistical internal orders in SAP S/4HANA are used mainly for reporting and monitoring purposes, allowing postings simultaneously to both the internal order and a cost center (option B). Additionally, they can be used to perform results analysis (option D) for budgeting and cost tracking in Management Accounting. Statistical orders cannot be settled, as they are primarily for information purposes.

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