Management Accounting

Front 1

management accounting contains all the function necessary for evectife ____ and ____ controling

Back 1

cost/revenue

Front 2

____ receives statistical cost posting from all other management accounting components

Back 2

profit center

Front 3

________, in the SAP ERP solution, is a primary source of data for management accounting

Back 3

Financial Accounting

Front 4

______ is primary source for revenue postings from billing documents to revenue postings in profitability analysis (CO-PA), and profit center accounting (PCA)

Back 4

sales order management

Front 5

In material management, ______ can create a cost posting in Management Accounting to whichever cost object is specified.

Back 5

a good issue transaction

Front 6

The creation of purchase orders in MM can generate _______ within management accounting

Back 6

commitment postings

Front 7

_______ and ______ , created in manufacturing, can be used in Product cost accounting

Back 7

BOM and routings

Front 8

The basic organizational unit in managament accounting

Back 8

controlling area

Front 9

more than one company code can assign to a controlling area. T/F

Back 9

true

Front 10

CO-PA is used with the ____

Back 10

operating concern

Front 11

________ represent the structure of external market segments for the enterprise.

Back 11

operating concern

Front 12

more than one controlling area can assigned to an operating concern. T/F

Back 12

true

Front 13

Business area can also be cross-company code. T/F

Back 13

true

Front 14

what is represent a production unit and is the central organizational unit in MM and PP ?.

Back 14

plant

Front 15

what is three currencies in management accounting?

Back 15

a. controlling area currency
b. company code or object currency
c. transaction currency

Front 16

if you have assigned only one company code to the controlling area, the object currency can be assigned for each controlling object (such as cost center) as required. T/F

Back 16

true

Front 17

Secondary cost element are defined only in CO and are used for internal allocation (such as assesments or settlements). T/F

Back 17

true

Front 18

secondary cost elements have a corespondence with G/L accounts in FI.

Back 18

false

Front 19

what is cost center?

Back 19

an organizational unit in a controlling area representing a clearly delimited location where costs occur.

Front 20

the cost center accounting component (CO-OM-CCA) tracks where cost occur in organization. T/F

Back 20

true

Front 21

cost center can be set up according to different design approaches including what?

Back 21

a. functional requirements
b. allocation criteria
c. activities or services provided.
d. geographic location and/or area of responsibility.

Front 22

what section contains fields for the name and description of the cost center, the name of responsible person or cost center management, the departmenet to which the cost center is assigned, and the profit center.

Back 22

basic data

Front 23

What fields which display the standard hierarcy node to which the cost center is assigned.

Back 23

cost center hierarchy

Front 24

each controlling area may have a unique standard hierarchy that includes every cost center created in that controlling area. T/F

Back 24

False
not may but must

Front 25

What fields which identifies the purpose of the cost center, such as production, service,sales, or administration?.

Back 25

profit center

Front 26

what represent the close ties between management accounting and financial accounting?

Back 26

company code and business area.

Front 27

a controlling area may have more than one company code, we don't need to specifiy the company code that is linked to each cost center. T/F

Back 27

false
must specify

Front 28

the activity type classifies the activities that are to be performed within a company by only one cost center. T/F

Back 28

false
by one or several cost center

Front 29

in an internal activity allocation, the system calculate the associated cost based on activity price and generate a debit to the sender and a credit to the receiver for for both the quantity and cost. T/F

Back 29

false
debit to the receiver and credit to the sender

Front 30

internal activity is allocated using secondary cost elements, which are store in the master data of the activity types as default values. T/F

Back 30

true

Front 31

what is statistical key figure?

Back 31

statistical key figure define some measurable value applicable to cost centers, profit centers, internal orders, or processes.

Front 32

statistical key figure are defined as a fixed value and variable value. T/F

Back 32

false
fixed value and total value

Front 33

statistical key figure can be use as an allocation base for periodic allocation transactions, such as distribution or assessment, as well as for analysis purposes such as to calculate the rent cost per employee. T/F

Back 33

true

Front 34

a new posting need to be entered in fixed value whenever the value changes. T/F

Back 34

true