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Free SAP C_TS4CO_2021 Exam Question Practice Exams
SAP C-TS4CO-2021 certification exam is an excellent way for professionals to demonstrate their knowledge and expertise in SAP S/4HANA for Management Accounting Associates. C_TS4CO_2021 exam covers various topics related to the system’s functionalities and features and is designed to evaluate the candidate’s ability to apply these concepts in real-world situations. Passing the exam can enhance your career in the field of accounting and finance and differentiate you from other professionals in the industry.
In this certification exam, candidates will be tested on their ability to implement and customize management accounting scenarios, including product cost planning, profitability analysis, CO-PA controls, and the integration of managerial accounting with other areas of the business. C_TS4CO_2021 exam is a comprehensive test of knowledge and requires a thorough understanding of the SAP S/4HANA system.
NEW QUESTION # 45
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.
- A. To store different budget data
- B. To store different plan data
- C. To store data of alternative plan costing runs
- D. To store data of parallel valuation
Answer: B,D
NEW QUESTION # 46
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 aims to summarize activity and situational change for a given organizational unit over a period of time.
- C. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.
- D. It aims to match revenues for goods and services against sales-related expenses.
Answer: A,D
NEW QUESTION # 47
What are the some of the characteristics of Profit Center Accounting in SAP S4/HANA? Note: There are 2 correct answers to this question.
- A. It can be used with period and/or cost of sale accounting.
- B. It is integrated in the universal journal.
- C. It is possible to derive the profit center from the segment in configuration.
- D. It can be used in the settlement rule for internal order.
Answer: A,B
NEW QUESTION # 48
In which module do you process profit center allocations in SAP S/4HANA?
- A. Cost center accounting
- B. Product cost accounting
- C. Account-based profitability analysis
- D. General ledger accounting
Answer: D
NEW QUESTION # 49
You are configuring internal order settlement. What do you define which cost element should be settled, using either the original settlement cost elements?
- A. Settlement rule
- B. Allocation structure
- C. Settlement profile
- D. Credit component (of the costing sheet)
Answer: B
NEW QUESTION # 50
You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle?
- A. Sender cost objects
- B. Cycle iteration
- C. Template
- D. Tracing factor
Answer: D
NEW QUESTION # 51
What are the prerequisites for automatic generation of the settlement rule to a market segment for a sales order item? Note: There are 2 correct answers to this question.
- A. The sales order item is assigned to a project.
- B. The material in the sales order item is a service.
- C. The sales order item is a cost object.
- D. Profitability Analysis (CO-PA) is activated.
Answer: A,D
NEW QUESTION # 52
You want to determine which operations of the routing should be considered in a product cost calculation.
How do you do this? Note: There are 2 correct answers to this question.
- A. By assigning a cost center to the work center in the operation
- B. By defining a usage key in the header of the routing.
- C. By marking the cost indicator in the control key assigned to the operation
- D. By marking the Relevance to Costing indicator in the operation
Answer: C,D
NEW QUESTION # 53
Which statements best describes a single cost center standard hierarchy?
- A. It is a structure to which all the cost centers within a controlling area are assigned.
- B. It is a structure to which all cost center groups created within an operating concern are assigned.
- C. It is a structure to which all cost center groups create for a controlling area are assigned.
- D. It is a structure to which all the cost centers within an operating concern are assigned.
Answer: A
NEW QUESTION # 54
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. Cost center categories
- D. Standard hierarchy top node
Answer: D
NEW QUESTION # 55
How does SAP S/4HANA capture costs? Note: There are 2 correct answers to this question.
- A. Secondary costs are captured as secondary cost element, and not as general ledger accounts.
- B. Primary and secondary costs are captured in general ledger accounts.
- C. All primary and secondary costs are captured by creating them as cost elements.
- D. Only primary costs are captured in general ledger accounts.
Answer: B,C
NEW QUESTION # 56
What parameters can you set up when defining order types?
- A. Define source structure.
- B. Define default parameters for master record fields.
- C. Allow revenue postings.
- D. Define document type.
Answer: B,C
NEW QUESTION # 57
Which processes split costs into their primary cost components? Note: There are 2 correct answers to this question.
- A. Settlement of internal orders
- B. Business process price calculation
- C. Execution of the assessment cycles
- D. Cost center/activity type price calculation
Answer: B,D
NEW QUESTION # 58
Which of the following statements best describe Product Cost by Order? Note: There are 2 correct answers to this question.
- A. It is used when full cost traceability is needed.
- B. It is used when controlling by individual production lots or discrete quantities is needed.
- C. It is used when you perform repetitive manufacturing.
- D. It is recommended for products with a long production time.
Answer: A,B
NEW QUESTION # 59
Which of the following values can be calculated using result analysis? Note: There are 3 correct answers to this question.
- A. Cost of goods manufactured
- B. Reserves for unrealized costs
- C. Work in progress
- D. Gross margin
- E. Cost of sales
Answer: B,C,E
NEW QUESTION # 60
How does SAP S/4HANA determine if a characteristic value is valid in Profitability Analysis?
- A. By defining the characteristic value in the check table
- B. By defining the characteristic value as a key figure
- C. By defining the characteristic value in the field catalog
- D. By defining the characteristic value as a value field
Answer: A
NEW QUESTION # 61
Why would you use manual cost allocation in Controlling? Note: There are 2 correct answers to this question.
- A. To correct secondary postings
- B. To run simple allocations of actual data
- C. To allocate costs using an allocation cycle
- D. To run simple allocations of plan data
Answer: A,B
NEW QUESTION # 62
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
- A. Value in Controlling Area Currency
- B. Record type
- C. Cost element
- D. Version
Answer: D
NEW QUESTION # 63
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. Transfer control
- B. Costing version
- C. Reference variant
- D. Costing type
Answer: A
NEW QUESTION # 64
At which level do you define the valuation method for results analysis?
- A. Controlling area
- B. Plant
- C. Company code
- D. Operating concern
Answer: A
NEW QUESTION # 65
How can you populate local variables in Profitability Analysis reports?
- A. By populating from user parameters
- B. By user entry during report execution
- C. By user exit
- D. By Business Add-In
Answer: B
NEW QUESTION # 66
Which statement best describes the Query Browser for reporting?
- A. It is a desktop browser that integrates with SAP S/4HANA.
- B. It is available as an additional license product in SAP S/4HANA.
- C. It is the frontend used to define reports in Analysis for Office.
- D. It is a design studio app that comes as standard SAP Fiori content.
Answer: A
NEW QUESTION # 67
Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question.
- A. Current cost estimate of all the materials in all controlling area
- B. Standard cost estimate of all the materials in all plants of a controlling area
- C. Product cost collector cost estimate in one plant
- D. Inventory cost estimate of all the materials in one plant
Answer: C,D
NEW QUESTION # 68
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 have ready-to-use content.
- B. CDS views have no latency.
- C. CDS views duplicate data for reporting efficiencies.
- D. CDS views support authorization.
- E. CDS views are considered system modifications.
Answer: A,B,D
NEW QUESTION # 69
Which of the following statements apply to SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question.
- A. It is used by dedicated BI users who need to go beyond the capabilities of Strategic Analysis Tools for reporting.
- B. It is hosted on the SAP Cloud Platform and integrate seamlessly on the SAP S4/HANA on the Fiori Launchpad.
- C. It uses core data services (CDS ) views to create virtual data models (VDMs ) for reporting.
- D. It is the core SAP S4/HANA license and users the same technical stack and user interface.
Answer: C,D
NEW QUESTION # 70
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SAP C-TS4CO-2021 certification exam is designed for individuals who are interested in becoming SAP Certified Application Associates in the field of SAP S/4HANA for Management Accounting Associates. SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) certification exam focuses on testing the candidates' knowledge and skills in the area of management accounting, including cost center accounting, product costing, and profitability analysis, among others.
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