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127 Cards in this Set
- Front
- Back
List the functions of the main components of Management Accounting
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Profitability Accounting, Cost Element Accounting, Overhead Cost Control, Product Cost Controlling, Profit Center Accounting
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List the Real CO Objects
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Cost Center, Internal Order
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List Statistical CO Objects
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Profit Center
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In Product Cost Planning, what master data does a quantity Structure describe?
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BOM and Routing
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What costs are calculated from the quantity structure?
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Routing
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T/F If you mark a standard cost estimate, the results are updated in the material master records as the future standard price.
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True, when you release the standard cost estimate, the future prices are updated as the current standard price.
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How does the Procurement Cycle integrate with CO?
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Commitments (Page 575-576)
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What needs to happen when an internal order's task is complete?
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When a task is complete, the costs have to be passed on to their final destination, such as a cost center, fixed asset, and profitability segment. This process is called settlement.
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T/F
Secondary Cost Elements are defined in FI and are used to allocate costs. |
F
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T/F
A cost center can be settled to FI. |
False,
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T/F
Company Codes that are assigned to the same controlling area must have the same operating Chart of Accounts. |
True
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T/F
You can assign more than one company code to a CO area. |
True
A CO area and its company codes must use the same operating chart of accounts and fiscal year variant. |
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T/F
An internal order can be settled to multiple receivers. |
True
An order settlement can be made to different types of receivers as long as the receivers are defined as valid in Customizing and no impending system restrictions. |
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T/F
A Profit Center is a real cost object. |
False.
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Cost and revenue postings to Management Accounting can result in true and statistical postings. You can settle true postings with other CO objects. Statistical objects cannot allocate costs to other objects.
What are the true objects? |
Cost Center, Cost Object, INternal Order, Project, Network, Profitability Segment.
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Cost and revenue postings to Management Accounting can result in true and statistical postings. You can settle true postings with other CO objects. Statistical objects cannot allocate costs to other objects.
What are the statistical objects? |
Profit Center, Statistical Project, Statistical Order
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T/F
Marking a standard cost estimate re-valuates inventory. |
False.
If you mark a standard cost estimate, the results are updated in the material master records as teh future standard price. |
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T/F
A statistical Internal Order can be settled. |
False
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T/F
A Primary Cost Element is linked to a corresponding G/L Account. |
True
Only Primary Cost Elements are assigned a G/L |
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Where can you list a cost center's manager?
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In the Basic Data section is where you can list the cost centers manager, the department to which you can assign the cost center and the profit center.
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T/F
The cost center Hierarchy field displays the standard hierarchy node to which the cost center is assigned. |
True
This field must be filled so it can be used as a control feature in CO-OM_CCA Each CO area must have a unique standard hierarchy that includes every cost center created int hat CO area |
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T/F
The Profit center field identifies the purpose of the cost center, such as production, service, sales, and administration |
True
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T/F
The company code and Business area fields represent the close ties between Management accounting and FI |
True
If a CO area has more than one company code, you must specify the company code that the user links to each center. If a business are is used for that company code (as defined in FI) the suer must specify the business are in the cost center master record. |
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T/F
The activity type classifies the activities performed within a company by one or several cost centers |
True
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What is the master Data for Cost Centers?
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Cost Center and Activity type
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T/F
A standard cost roll up calculates actual production costs |
False.
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When creating a cost estimate with a quantity structure, what do you to enter?
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Lot size, costing variant, material, plant
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T/F
You can access the vendor master record from Accounts Payable. |
True
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T/F
The GR/IR account is posted to a goods receipt and invoice receipt. |
True
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What areas does a Goods Receipt affect?
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Purchasing, QM if active, Warehouse Management if active, Generating Output
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A GR posting for a raw materical results in an increase in the stock value of the current assets. If the raw material is only transferred within one plant will it generate a posting in FI?
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No
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T/F
As soon as the system posts the goods movement, you cannot change the quantities, material, movement type, and organizational level. |
True
To reverse the incorrect documents postings, you must first cancel the incorrect document. |
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T/F
A Purchasing Organization is responsible for daily purchasing activities. |
False
The Purchasing Organization is an organization unit within logistics that subdivides the enterprise according to the purchasing requirements. The purchasing organization is responsible for procuring materials or services and negotiating the conditions of purchase with vendors and assumes responsibility for the purchasing activities. |
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What is the Purpose of a Purchasing Group?
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The purchasing group is a key for a buyer or a group of buyers who are responsible for certain purchasing activities.
The purchasing group is internally responsible for procuring material or a class of materials, and externally supplies the contact person for vendors. the purchasing group is not aligned with other units in the company structure. |
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What are the organizational levels for Inventory Management?
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Client, Plant, Storage Location
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T/F
YOu can assign serveral Purchasing Organizations to one company code |
True
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What are the three Purchasing Organizations?
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PLant Specific, Cross Plant, and Cross Company Code
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What is plant specific Purchasing organization?
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IN plant specific procurement, the purchasing organization is responsible for procuring the materials for one plant. The Purchasing organization is assigned to one company code and one plant of the company code.
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What is Cross plant Purchasing Organization?
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If a purchasing organization procures materials and services for several plants that belong to a company code, you can set up a cross plant purchasing organization within the company code. To do so, assign teh purchasing organization to the required company code and then assign the plants to the company code for which the purchasing organization is responsible.
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What is Cross company Code Purchasing Organization?
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If you need to setup a cross company code purchasing organization, you must not assign the purchasing organization to any company code. When you create a purchase order, the system asks you to enter the company code you want to procure the material for.
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T/F
In a material master record, data defined at the client level can be used by all plants. |
True
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What are the organizational levels for Material Master?
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Client, Plant, Storage Location
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T/F
A Purchasing requistion can be created manually or automatically by MRP. |
True
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What ways can you create a Purchase Requisition indirectly?
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Material Requirement Planning (MRP), Maintenance Orders, Production Orders, Networks.
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T/F
When you procure a material directly for consumption, no material master record is necessary. |
True
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When procuring a material for consumption, what must you specify in the Purchase Requisition?
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Account Assignment Category and/or Account assignment data in the document item.
Examples: The account assignment cost center and the account assignment object asset |
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T/F
If an enterprise uses the Cross Plant Purchasing scenario, then a purchasing organization procures material for all company codes with a client. |
False
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T/F
Plant and Storage Location are required when posting a goods receipt for stock. |
True
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T/F
Consumable materials are materials or services procured specifically for an account assignment object. |
True
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List the data categories of a vendor master record and identify the organizational levels assigned to each category.
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General Data
Accounting Purchasing |
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What are the results of a Goods Receipt?
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Updates value and quantity in MM
Updates Documents, PO's, PO History, Transfer Requirements for warehouse management Updates asset balance Opens an inspection lot to trigger the quality inspection Material Document |
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Where are conditions records maintained?
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Quotation, Outline Agreement, Purchase Order and Info Record
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What information can you define in the info records?
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The current prices and conditions
The delivery data The vendor data (contact person) Vendor specific information about the material The last PO number The texts |
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What are purchasing conditions?
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Agreements with vendors about prices, surcharges and discounts
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What are routings?
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Routings contain the steps that are necessary for Production. Routings include the relevant operations, sequence in which the routings occur, and work centers at which the operations are to be executed.
A routing can be defined using the routing group and group counter. Teh routing contains reference to the material whose production it describes and in addition to the standard values the routing also contains the time elements that are relevant for scheduling operations. Each operation int he routing may contain its own base quantity to which these time elements may refer. |
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What consists of a Group Routing?
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A Group routing is where multiple products can be made at the same time.
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Where are BOMs used?
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Production, Procurement, and Product Costing
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What is a Work Center?
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A Workcenter specifies where production takes place. Work centers are carried out ina plant, operations, or activities.
They can be used in routings networks, inspection plans and in maintenance routings |
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What is a standard value?
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A standard value is a planned value used to carry out an operation, such as execution time.
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Where are standard values used?
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Standard values are used in costing, scheduling and capacity planning to calculate costs, execution times, and capacity requirements
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T/F
Variance Calculation is generally a periodic processing activity in CO. |
True
Variance Calculations occur in the Production Order Process |
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What activities can you do before a Production Order is released?
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Order Request, Order Creation, Availability Checks, Machine Commitment
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T/F
A confirmation records the manufacturing activities, such as labor and machine time against the order. |
True
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What are the effects of an order confirmation?
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Creates an Automatic Goods Receipt, Backflush, Actual costs are updated, Reduce capacity requirements, HR data transfer, and Update statistival data
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What functions are executed when a Goods receipt is posted?
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The system generates accting, material, and CO Documents
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T/F
When a goods receipt is posted only an FI Document is generated. |
False
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T/F
When a goods issue is posted for a production order, the planned production costs are updated. |
False
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What functions are performed when a GI for the components of a production order is posted?
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Storage location specific update of stock
Reduction of the reservation Update of costs for unplanned withdrawals Determination of actual costs Consumption Update Material, Accounting, CO documents are generated. |
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T/F
A cost center is assigned to the routing operation |
False
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What is the relationship between a work center and a routing?
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Work centers can be used in a routing.
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What is the relationship between a BOM and a routing?
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A routing and BOM describe the production of a product. Components of BOM are assigned to routing operations
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Which Management Accounting Master data integrates with a work center?
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Cost Center and Activity Type
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What are the two segments of a GL Account master?
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Chart of Accounts and company code
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What are the steps for automatic payment program?
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Status- maintain Parameters
Start Proposal Run- Payment proposal has been created Edit Proposal Start Payment Run Start Printout |
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Which master record contains depreciation areas?
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Assets
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T/F
A business area is a required orgainizational element in FI |
False
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T/F
A reconciliation account links a subledger to the general ledger |
True
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T/F
A Chart of Accounts contains the definitions of all G/L accounts. |
True
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A company Code has only one operating chart of accounts
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True
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T/F
One line item, in a GL document can have up to two posting keys |
False
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T/F
The GR/IR account is used in the accounts payable payment process. |
False
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T/F
Within the G/L you can view a listing of individual vendor's account balances. |
False
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T/F
Posting Keys tell the system whether the line item amount if it is a credit or debit |
True
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T/F
Creating a Purchase Order creates a FI Document |
False
You do not directly create a Purchase Order, you create a Purchasing Requistion |
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T/F
Creating a Billing document, in Sales and Distribution, will update a subledger |
True
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T/F
A Company Code can have multiple leading ledgers |
False
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T/F
The Chart of Accounts segment of a G/L account contains data unique to one company code |
False
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T/F
Depreciation areas allow an organization to maintain different valuations for an asset |
True
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Which step in the Order to Cash business process is the first step that integrates with FI?
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Post Goods Receipt
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What are the integration points for Order to Cash
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Sales Order- Demand Management
Delivery- Inventory Management, Financial Accounting, Management Accounting, Warehouse Management Invoice- Financial Accounting, Management Accounting Payment- Financial Accounting |
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Completion of the Post goods issue will lead to what tasks?
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Decrease of INventory on Hand
Creation of a Material Document Creation of an Accounting Document that records the change in the Inventory valuation Creates document for Management Accounting |
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What integration occurs from generating a billing document?
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Invoice document, Accting Doc, Open items in receivables, controlling doc, sales order update
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What tasks are carried out during the billing process?
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A debit posting on the customer receivables
A credit posting on the revenue account |
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What happens when a customers payment is posted?
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Clears the customers open items,
FI Doc is created, Available credit is increased |
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When would you use a Worklist?
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When creating multiple outbound deliveries
Shipping, Picking, Collective Processing |
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What are the organizational levels for Creating a Sales Order?
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Plant, Sales Area, Company Code
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What are the organizational levels for creating a delivery document?
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Shipping point, Plant, company code
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What are the organizational levels for creating a billing document?
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Company Code
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T/F
A shipping point can be assigned to many plants |
True
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T/F
A Distribution channel can be assigned to many company codes |
False
Several Distribution channels can be assigned to a sales organization |
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What tasks does a distribution channel perform?
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Defines responsibilities
Achieves flexible pricing Differientiates sales statistics |
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T/F
In the delivery process, confirming a transfer order also creates a FI document |
False
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T/F
Condition records are used to only define the gross price for a material |
False
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T/F
The Post goods issue reduces on hand inventory. |
True
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A G/L Account is assigned to:
A Primary Cost Element Secondary Cost Element |
A Primary Cost Element
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A Non stock item is assigned to maintenance order. The order is released. What document is generated?
Purchase Order Purchase Requistion |
Purchase Requistion
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A work center is assigned to"
A BOM Component A Routing operation |
A Routing operation
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Which step in Material Planning creates Planned Independent Requirements?
Demand Planning Transfer SOP to Demand Management |
Transfer SOP to Demand Management
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What allows you to view all infotypes of an employee master record?
Personnel Actions Personnel File |
Personnel File
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Which of the following provides a sequence of manufacturing steps?
Routing BOM |
Routing
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Which Management Accounting Period end closing activity is processed for Production orders?
Variance Calculation Confirmation |
Variance Calculation
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Which of the following is a MRP Control Parameter?
Processing Key PLanning Strategy |
Processing Key
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What CO master data is assigned to a work center?
Cost Center Profitability Segment |
Cost Center
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A MRP run can create which document?
Purchase Order Purchase Requisition |
Purchase Requisition
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What step in Product Cost Planning revaluates inventory?
Marking Releasing |
Releasing
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In the MRP NEt Requirements Calculation which of the following is considered Demand?
Production Order Sales Order |
Sales Order
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IN the MRP Net requirements Calcuation which of the following is considered Supply?
On Hand Inventory Dependent requirements |
On Hand Inventory
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Which CO object allocates costs to FI?
Cost Center Internal Order |
Internal Order
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Which field in the purchase order is used to designate that the material is to be treated as a consumable?
Account Assignment Category Item Category |
Account Assignment Category
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What does SAP use to provide customers with new developments and functionality of applications?
Service Packages Enhancement Packages |
Enhancement Packages
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What is created when a purchase order for consumable material is saved?
A commitment to CO An Accounting Document in FI |
A commitment to CO
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In a fixed asset master record what is used to represent different ways to valuate an asset?
Asset Class Depreciation Areas |
Depreciation Areas
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Which of the following New General Ledger functionality provides financial statements ar the profit center and or segment level?
Parrallel Ledgers Document Splitting |
Document Splitting
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Which is part of the HCM Organizational Structure
Person Personnel Area |
Person
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Where are Purchasing conditions maintained?
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Quotation, Purchase Order, Outline Agreement, Info Record,
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A goods receipt is posted with reference to a Purchase Order. The first line item is for a consumable, the second line is for stock material.
What documents are generated for the first line item? |
Material Doc, Accounting, Controlling,
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List the documents that are created as a result of a Goods issue posted against a production order.
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Material Doc, Accounting DOc, CO
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