Terp10 Sap Erp Unit 13 - Management Accounting

Front 1

The main components of management accounting are

Back 1

Classify costs and recon. data (Cost Element Acct)
Control O/H cost and Allocate (O/H Cost Controlling)
Evaluate COGS (Product Cost Accounting)
Analyze Profit (Profitability Analysis)
Analyze Profit Centers (Profit Center Accounting)

Front 2

Profit Center Accounting receives

Back 2

statistical cost posting

Front 3

What is the basic organization unit in management accounting?

Back 3

Controlling area

You can only allocate cost within a controlling area.

Front 4

The profitability analysis (CO-PA) is used with the ?

Back 4

Operating concern. You can assign several controlling areas to each operating concern.

Front 5

What are the three currencies used in Management Accounting?

Back 5

Controlling area currency
Company code currency
Transaction currency (used for MA)

Front 6

Secondary cost elements are defined in?

Back 6

CO and are used for internal CO allocations. They don't have a corresponding GL account in FI.

Front 7

During allocations the receiver is _____ and the sender is _____ for the quantity and costs.

Back 7

debit
credit

Front 8

For a direct activity allocation, the plan price for the combination "___ ____ / ______ ____" is used for the calculation.

Back 8

"cost center / activity type"

Note: it can be manually entered or automatically.

Front 9

A measureable quantity that can be assigned to cost centers, activity type, O/H orders, business process and Profit Centers. You define a statistical key figure as a?

Back 9

Type 1 (Fixed Value) or
Type 2 (Total Value)

Front 10

The aim of Cost Center Planning is to?

Back 10

calculate planning cost to define deviations and prepare the allocation to cost bearers.

Front 11

What is created when a FI document is posted to a corresponding cost element?

Back 11

Management accounting document.

Front 12

The management accounting document contains

Back 12

MA object that was posted
cost element
posted amount

Front 13

Management accounting document debits the controlling object using the corresponding cost element of the same number and no credit. It's a single sided entry. (T/F)

Back 13

True

Front 14

When transactions that are created within management accounting are balance entries? (T/F)

Back 14

True - The sender is credited and the receiver is debited.

Front 15

True objects can act as sending or receiving objects during allocations. What about the statistical?

Back 15

Statistical objects cannot allocate costs to other objects. It only collects.

Front 16

Each segment of an assessment cycle is assigned to

Back 16

an assessment cost element (secondary cost element category 42).

Front 17

The original cost elements are not displayed on the receivers? (T/F)

Back 17

True - It is useful when the breakdown of costs is unimportant to the receiver.

Front 18

An Assessment can be reversed as often as needed?

Back 18

True

Front 19

What are the four categories of an internal order?

Back 19

1. Overhead orders (trade fair)
2. Investment orders (fixed asset)
3. Accrual orders
4. Orders with revenue

Front 20

What are the 3 cost planning levels for planning internal orders?

Back 20

1. Overall planning
2. Primary/secondary cost and revenue planning
3. Unit costing (more detail planning)

Front 21

Commitment identifies

Back 21

cost which will be incurred in the future. You reduce the commitment by posting the goods receipt against the PO.

Front 22

Order settlement is

Back 22

the process of allocating cost to their final destination at the end. Settlement rules must be defines and it can be allocated to multiple receivers.

Front 23

A client has asked you to explain the use of currencies in SAP ERP Management Accounting. What currencies will you say can be used in management accounting?

Back 23

1. Transaction
2. Object currency
3. Controlling area

Front 24

A controlling area can have only one standard hierarchy (T/F)

Back 24

True

Front 25

You are about to create a statistical key figure to help with the distribution of costs in SAP ERP Management Accounting. Which of the following are examples of fixed (Type 1) statistical figures?

Back 25

Square footage of a building
Number of network connections

Front 26

You are currently working on cost center planning in SAP ERP Management Accounting. Which of the following can serve as inputs to cost center planning?

Back 26

Manual entries
Formulas
HCM planning

Front 27

One of the greatest benefits of SAP ERP Management Accounting is the Integrated Planning Process. Your colleagues have asked you to help explain this process. Which one of the following will you say is a step in the integrated planning process?

Back 27

SOP
Product cost planning
Production planning
Cost center planning

Front 28

An Internal Order is an extremely flexible tool in SAP ERP Management Accounting that can be used for a wide variety of purposes to track costs and, in some cases revenues, within a controlling area. Which of the following order types are internal orders?

Back 28

Result analysis orders for posting accrual costs in CO.

Capital investment orders for creating assets.

Front 29

You want to plan costs on internal orders in SAP ERP Management Accounting. Which of the following options are available to you to plan costs on internal orders?

Back 29

Unit costing
Primary and secondary costs
Overall planning

Front 30

Your colleagues have asked you assistance in explaining product cost controlling in SAP ERP Management Accounting. You begin by explaining the different components of product cost controlling. Which of the following will you say are components of product cost controlling?

Back 30

Product cost planning
Cost object controlling
Actual costing/material ledger

Front 31

You are updating the standard price of a material. Which of the following actions must be performed to successfully update the standard price?

Back 31

Analyze the costs
Marking
Releasing