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31 Cards in this Set

  • Front
  • Back

The main components of management accounting are

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)

Profit Center Accounting receives

statistical cost posting

What is the basic organization unit in management accounting?

Controlling area

You can only allocate cost within a controlling area.
The profitability analysis (CO-PA) is used with the ?
Operating concern. You can assign several controlling areas to each operating concern.
What are the three currencies used in Management Accounting?
Controlling area currency
Company code currency
Transaction currency (used for MA)
Secondary cost elements are defined in?
CO and are used for internal CO allocations. They don't have a corresponding GL account in FI.
During allocations the receiver is _____ and the sender is _____ for the quantity and costs.

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

"cost center / activity type"

Note: it can be manually entered or automatically.
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?
Type 1 (Fixed Value) or
Type 2 (Total Value)
The aim of Cost Center Planning is to?
calculate planning cost to define deviations and prepare the allocation to cost bearers.
What is created when a FI document is posted to a corresponding cost element?
Management accounting document.

The management accounting document contains

MA object that was posted
cost element
posted amount
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)
When transactions that are created within management accounting are balance entries? (T/F)
True - The sender is credited and the receiver is debited.
True objects can act as sending or receiving objects during allocations. What about the statistical?
Statistical objects cannot allocate costs to other objects. It only collects.

Each segment of an assessment cycle is assigned to

an assessment cost element (secondary cost element category 42).
The original cost elements are not displayed on the receivers? (T/F)
True - It is useful when the breakdown of costs is unimportant to the receiver.
An Assessment can be reversed as often as needed?
What are the four categories of an internal order?
1. Overhead orders (trade fair)
2. Investment orders (fixed asset)
3. Accrual orders
4. Orders with revenue
What are the 3 cost planning levels for planning internal orders?
1. Overall planning
2. Primary/secondary cost and revenue planning
3. Unit costing (more detail planning)
Commitment identifies
cost which will be incurred in the future. You reduce the commitment by posting the goods receipt against the PO.
Order settlement is
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.

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?

1. Transaction
2. Object currency
3. Controlling area
A controlling area can have only one standard hierarchy (T/F)
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?
Square footage of a building
Number of network connections
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?
Manual entries
HCM planning
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?
Product cost planning
Production planning
Cost center planning
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?
Result analysis orders for posting accrual costs in CO.

Capital investment orders for creating assets.
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?
Unit costing
Primary and secondary costs
Overall planning
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?
Product cost planning
Cost object controlling
Actual costing/material ledger
You are updating the standard price of a material. Which of the following actions must be performed to successfully update the standard price?
Analyze the costs