Dummy Profit Center

Can you copy Plan & Actual data to profit center Plan
A Question on Cost Center Planner Profile
Financial Statements as defined in SAP
o Balance Sheet
o Profit & Loss Account
o Both above
o Automatic Calculation of Profits

What is the logic behind Account Assignment? {Some multiple choices; Details
not known. Read Account Assignment thoroughly }

Settlement of Cost Elements

Profit Center Planning
o How to make Plan
o Copy Plan to Accruals
Plan Directly
Plants in different countries

o Can these be attached to one company?

What Actions to do you need to take for posting data in the New Year?
1. New Fiscal yr The following dates are available in Finance document which
contains vendor transactions
a)
b)
c)
d)

Posting date, document date only

Document date, posting date, translation date only
Document date, Value date, Baseline date, Posting date only
Document date, translation date, posting date, value date, baseline date,
etc
o Variant
o New Posting Period Variant
o Open Periods
o Number Ranges for Documents
Setting up of Cash Journal What are Configuration Parameters that should be
specified? { Answer Y/ N }
o Co Code
o GL Account
o Currency

1. Which CO Master data has a direct link with other CO Master data?

a) Statistical Key figures

b) Activity Type
c) Cost Center
2. Which of the following CO Master data allows you to link to a statistical CO
object during creation?
a) Statistical key figures
b) Activity type
c) Cost center
d) None of the above
3. Which CO Master data has a direct link with other CO Master data?

a) Statistical Key figures

b) Activity Type
c) Cost Center
4. Which of the following CO Master data allows you to link to a statistical CO
object during creation?
a) Statistical key figures
b) Activity type
c) Cost center
d) None of the above
5. What is the difference between assessment and distribution?
a) Both mean the same
b) Assessment is done periodically and distribution whenever required
c) Assessment uses secondary cost elements for distribution while
distribution uses primary cost elements
d) None of the above
6. Which cost allocation method uses primary cost elements?
a) Assessment
b) Distribution
c) Statistical Key figures
d) None of the above
7. If I assign two CO objects and always taken as Statistical what is the case?

a) Expenses booking

b)
c)
d)
e)

Assessment cycles
Plan reconciliation
Activity price calculation
Revenue element booking.

8. Distribution CO tool period lock can be used to block transactions

a) at a Controlling area level only
b) at Controlling area, fiscal year level only
c) at Controlling area , Fiscal year, Version level only
d) at Controlling area , Fiscal year, Version, Plan/Actual level only
e) At all the above levels
9. Which of the following is not a part of period end closing for Actual s in CCA?
a) Assessment
b) Splitting
c) Re-posting line items
d) Activity price calculation
10. Which CCA tool is essential for CCA period end closing?

a)
b)
c)
d)
e)

Archiving
Summarization
Period lock
All the above
None of the above

11. Statistical postings means?

a)
b)
c)
d)
e)
f)

All profit center posting

Product Costing
Profitability analysis
Activity posting
All the above
None of the above

12. Can a revenue cost element be posted to a cost center?

a) Real postings can be made

b) Statistical postings can be made
c) No postings can be made

13. Can many cost centers produce same activity?

a) Yes
b) No
c) Occasionally

14. Can a cost center produce many activities?

a) Yes
b) No
c) Occasionally
15. Is there a difference between planning and budgeting for cost centers?

a) No, both are the same

b) Yes Two are different process

16. Balance in a Activity secondary Cost element is

a)
b)
c)
d)
e)

Actual debit minus actual credit

Only Credit balance
Only Debit balance
Definitely Nil balance
Foolish question

17. Out of the following which function controls the type of transactions in an
Internal Order

a)
b)
c)
d)
e)

Cost element
Cost Center type
Status of Order
Profit center definition
Period lock

18. Internal order definition of settlement structure is

a) At Settlement rule definition at Order level

b) Settlement rule at period end closing

c) Settlement profile
d) At order type level
19. Profitability Analysis highest object is

a)
b)
c)
d)

Controlling area
Operating concern
Hierarchy
None of the above

20. Manual correction to the entries are possible in

a) FI through change docs. which will correct in CO

b) CO
c) All the above
21. Please select from the following the correct statements

a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)

Any amount can be transferred from CCtr to CCtr for a CE

Any amount can be transferred from PCtr to PCtr
Activity posted can be reversed
Internal Order can post to FI including Secondary CE
Activity can be posted with Planned values only
Activity can be posted with Actual values only
Internal Order Planning values controls the values transactions
Tolerance group for Ccode , Vendor and customer
Report painters are possible in FI and CO
Secondary Cost Element has no validity
BA can be defaulted through CO settings at Cost Element level

22. Reasons for difference in a Cost Element fig and GL fig

a)
b)
c)
d)
e)

Cost element not defined

It is a Secondary cost element
Primary CE not fully validated
Activity types posted
SKF settlement postings done

23. Select the wrong statements

a) You will be able to define Std Hierarchy valid for some period
b) You will be able to change the cost centers to a different group in the same
hierarchy after the postings are done.
c) Any time we will be able to add more Ccodes to same controlling area
without any additional settings
d) Controlling area definition is year specific
24. A financial posting to a GL not allowed- reason

a)
b)
c)
d)

It is defined as Secondary CE
It is defined as Primary CE
Locked CO postings
None of the above

Identify the correct statements? (87)

A. The term client dependent refers to tables or data that relate
only to the client, which was accessed during the log on process.
B. Whenever I am using a transaction I can view the Transaction
Code simultaneously by some settings.
C. Whenever I am using a transaction I can view the Program name
simultaneously by some settings.
D. Whenever I am using a transaction I can view the Client number
simultaneously by some settings.
E. Entry date format is controlled by certain customizing and
certain user level settings or both.
F. I cannot default a user with local currency only in document
entry screen.
G. GL company code segment fields only can be defined in Account
Group.
23 Identify the correct statements (94)
A. A goods receipt is the recording of the movement of materials
into the warehouse.
In SAP a financial document that updates the inventory account
and an accrued liability account is created.
B. The Invoice receipt and verification process compares the vendor invoice
with the purchase order and goods receipt however the corresponding
financial transaction must be entered through the financial module (FI).

C. In SAP, I can park a document without a number assigned to

that.
D. Parking documents are not visible in GL accounts.
E. Special GL transactions are never posted to GL
F. All special GL transactions are always posted to GL
G. All Special GL transactions are at times posted to AP.
24 What characteristics do roles have in the Workplace? (Multi Choice)
A. Roles describe business processes in a company
B. Roles contain a collection of activities that a user who is assigned to this role
can execute
C. Roles represent a range of executable functions in a company that users can
assign themselves to
D.
The authorizations required to execute the assigned functions are
automatically linked to roles
E. Roles contain MiniApps

25.What is the sequence to be followed for creation of a Secondary cost

element?
a)
b)
c)
d)

Cost Element to be created before G/L Account

G/L account to be created before Cost element
Both can be created parallel
None of the above

26.Which CO Master data has a direct link with other CO Master data?
a) Statistical Key figures
b) Activity Type
c) Cost Center
27.Which of the following CO Master data allows you to link to a
statistical CO object during creation?
a)
b)
c)
d)

Statistical key figures

Activity type
Cost center
None of the above

28.What is the difference between assessment and distribution?

a) Both mean the same

b) Assessment is done periodically and distribution whenever

required
c) Assessment uses secondary cost elements for distribution while
distribution uses primary cost elements
d) None of the above
29.Which cost allocation method uses primary cost elements?
a)
b)
c)
d)

Assessment
Distribution
Statistical Key figures
None of the above

30.CO tool period lock can be used to block transactions

a)
b)
c)
d)

at a Controlling area level only

at Controlling area, fiscal year level only
at Controlling area , Fiscal year, Version level only
at Controlling area , Fiscal year, Version, Plan/Actual level
only
e) At all the above levels
31.If I assign two CO objects and always taken as Statistical what is the
case?
a)
b)
c)
d)
e)

Expenses booking
Assessment cycles
Plan reconciliation
Activity price calculation
Revenue element booking.

32.Which of the following is not a part of period end closing for Actual s
in CCA?
a)
b)
c)
d)
e)

Distribution
Assessment
Splitting
Re-posting line items
Activity price calculation

33.Which CCA tool is essential for CCA period end closing?

a)
b)
c)
d)
e)

Archiving
Summarization
Period lock
All the above
None of the above

34.Statistical postings means?

a)
b)
c)
d)
e)
f)

All profit center posting

Product Costing
Profitability analysis
Activity posting
All the above
None of the above

35.Can a revenue cost element be posted to a cost center?

a) Real postings can be made
b) Statistical postings can be made
c) No postings can be made
36.Can many cost centers produce same activity?
a) Yes
b) No
c) Occasionally
37.Can a cost center produce many activities?
a) Yes
b) No
c) Occasionally
38.Is there a difference between planning and budgeting for cost centers?
a) No, both are the same
b) Yes Two are different process

39.Balance in a Activity secondary Cost element is

a)
b)
c)
d)
e)

Actual debit minus actual credit

Only Credit balance
Only Debit balance
Definitely Nil balance
Foolish question

40.Out of the following which function controls the type of transactions

in an Internal Order
a)
b)
c)
d)
e)

Cost element
Cost Center type
Status of Order
Profit center definition
Period lock

41.Internal order definition of settlement structure is

a)
b)
c)
d)

At Settlement rule definition at Order level

Settlement rule at period end closing
Settlement profile
At order type level

42.Profitability Analysis highest object is

a)
b)
c)
d)

Controlling area
Operating concern
Hierarchy
None of the above

43.Manual correction to the entries are possible in

a) FI through change docs. which will correct in CO
b) CO

c) All the above

44.Please select from the following the correct statements
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)

Any amount can be transferred from CCtr to CCtr for a CE

Any amount can be transferred from PCtr to PCtr
Activity posted can be reversed
Internal Order can post to FI including Secondary CE
Activity can be posted with Planned values only
Activity can be posted with Actual values only
Internal Order Planning values controls the values transactions
Tolerance group for Ccode , Vendor and customer
Report painters are possible in FI and CO
Secondary Cost Element has no validity
BA can be defaulted through CO settings at Cost Element
level

45.Reasons for difference in a Cost Element fig and GL fig

a)
b)
c)
d)
e)

Cost element not defined

It is a Secondary cost element
Primary CE not fully validated
Activity types posted
SKF settlement postings done

46.Select the wrong statements

a) You will be able to define Std Hierarchy valid for some
period
b) You will be able to change the cost centers to a different
group in the same hierarchy after the postings are done.
c) Any time we will be able to add more Ccodes to same
controlling area without any additional settings
d) Controlling area definition is year specific
47.A financial posting to a GL not allowed- reason
a) It is defined as Secondary CE
b) It is defined as Primary CE
c) Locked CO postings

d) None of the above

48. If I assign two CO objects and always taken as Statistical what is the case?

a)
b)
c)
d)
e)

Expenses booking
Assessment cycles
Plan reconciliation
Activity price calculation
Revenue element booking.

49. Which of the following is not a part of period end closing for Actual s in CCA?

a)
b)
c)
d)
e)

Distribution
Assessment
Splitting
Re-posting line items
Activity price calculation

50. Which CCA tool is essential for CCA period end closing?

a)
b)
c)
d)
e)

Archiving
Summarization
Period lock
All the above
None of the above

51. Statistical postings means?

a)
b)
c)
d)
e)
f)

All profit center posting

Product Costing
Profitability analysis
Activity posting
All the above
None of the above

52. Can a revenue cost element be posted to a cost center?

a) Real postings can be made

b) Statistical postings can be made
c) No postings can be made

53. Can many cost centers produce same activity?

a) Yes
b) No
c) Occasionally
54. Can a cost center produce many activities?

a) Yes
b) No
c) Occasionally
55. Is there a difference between planning and budgeting for cost centers?

a) No, both are the same

b) Yes Two are different process

56. Balance in a Activity secondary Cost element is

a)
b)
c)
d)
e)

Actual debit minus actual credit

Only Credit balance
Only Debit balance
Definitely Nil balance
Foolish question

57. Out of the following which function controls the type of transactions in an
Internal Order

a)
b)
c)
d)
e)

Cost element
Cost Center type
Status of Order
Profit center definition
Period lock

58. Internal order definition of settlement structure is

a)
b)
c)
d)

At Settlement rule definition at Order level

Settlement rule at period end closing
Settlement profile
At order type level

59. Profitability Analysis highest object is

a)
b)
c)
d)

Controlling area
Operating concern
Hierarchy
None of the above

60. Manual correction to the entries are possible in

a) FI through change docs. which will correct in CO

b) CO
c) All the above
61. Please select from the following the correct statements

a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)

Any amount can be transferred from CCtr to CCtr for a CE

Any amount can be transferred from PCtr to PCtr
Activity posted can be reversed
Internal Order can post to FI including Secondary CE
Activity can be posted with Planned values only
Activity can be posted with Actual values only
Internal Order Planning values controls the values transactions
Tolerance group for Ccode , Vendor and customer
Report painters are possible in FI and CO
Secondary Cost Element has no validity
BA can be defaulted through CO settings at Cost Element level

62. Reasons for difference in a Cost Element fig and GL fig

a)
b)
c)
d)
e)

Cost element not defined

It is a Secondary cost element
Primary CE not fully validated
Activity types posted
SKF settlement postings done

63. Select the wrong statements

a) You will be able to define Std Hierarchy valid for some period
b) You will be able to change the cost centers to a different group in the same
hierarchy after the postings are done.

c) Any time we will be able to add more Ccodes to same controlling area
without any additional settings
d) Controlling area definition is year specific
64. A financial posting to a GL not allowed- reason

a)
b)
c)
d)

It is defined as Secondary CE
It is defined as Primary CE
Locked CO postings
None of the above

10. What are MiniApps?

A.
B.
C.
D.
E.

MiniApps are small applications that are started

automatically when the Workplace is called.
MiniApps are small applications that can be called from
the Workplace.
MiniApps are small applications that communicate
continuously with the implemented SAP products
MiniApps are Java Applets that are loaded from the
Workplace to the user client.
MiniApps are role-specific applications that can contain
more activity options.

. Which of the following statements about manual planning are correct?

a.

The planning type determines which bank accounts the

plan amount to be inputted to.
b. The expiration date shows how long the payment advice
is included in planning.
c.
The payment advices for editing can be changed,
archived, or reactivated.
d.
Archived payment advices are included in planning till

the value date.

e.
The retention periods are determined by the bank
account name.
38. Bank accounts should be controlled as follows when Cash Management is in use:

a. Open items are managed for both the main bank account
and
the
bank
clearing
account.
b. Both the main bank account and the bank clearing account
permit
line
item
displays.
c. The main bank account and the bank clearing account use
the same sort key.
d. The value date in the field status string for both the main
bank
account
and
the
bank clearing account must accept entry.
e. The cash-relevance flag in the master records for both the
main bank account and the bank clearing account must be set.
Bank accounts should be controlled as follows when Cash Management is in use:

a. Open items are managed for both the main bank account
and
the
bank
clearing
account.
b. Both the main bank account and the bank clearing account
permit
line
item
displays.
c. The main bank account and the bank clearing account use
the same sort key.
d. The value date in the field status string for both the main
bank
account
and
the
bank clearing account must accept entry.
e. The cash-relevance flag in the master records for both the
main
bank
account
and
the bank clearing account must be set.
45. Which of the following statements is true about CO production orders?

A. It is an internal order used to control production from a

cost accounting point of view.
B. Bills of materials and routings are required.
C. It is not possible to post goods movements to and from the
order.
D. You can post primary costs from financial accounting to the
order.
E. You can post secondary costs from overhead calculation to
the order.

56. Which of the following describes what a characteristic is,

or does, in a report
Painter report? (Multi)
A. A characteristic is a field.
B. A characteristic defines the key figures
C. A characteristic is the criteria for the selection of database
records.
D. A characteristic is put into a library in order to be used in
reports.
E. A characteristic is used in a pre-defined column.
59. You want to schedule a new task using Schedule manager.
Which of the following are prerequisites?
a. You create a task list.
b. You must create a task group.
c. You must insert a task group in a task list.
d. You must insert a task in the a list
e. You must insert a task in a task group...
60. Schedule manger is new in 4.6.Whitch of the following statements is correct?

a.
b.
c.
d.
e.

Schedule manger replaces the financial calendar.

Schedule manger replaces the consolidation monitor.
Schedule manger replaces workflow.
Schedule manger includes some workflow functions.
Schedule manger can be used as an alternative to the
financial calendar.

61. What variables types are found in FI-SL?

a.
b.
c.
d.
e.

Value variables
Formula variables
Set variables
Index variables
Key variables

. Identify the correct statements.

a. Validation must be assigned to an organization structure.

b. Validation can use sets instead of fields when performing
the pre-requisite.
c. Validation can be activated for on-line postings while at
the same time be turned off for batch input.
d. Validation may be nested instead of substitutions.
e. Validations are not possible at the line item level in SPL.
67. Which of the following statement is true about Customer Ledgers? (1)

A.

Customer

ledgers

are

contained

with

in

the

CO

application.
B. Customer ledgers are predefined by SAP.
C. Customer ledgers can be maintained using FI-SPL tools.
D. Customer ledgers are used to maintain balances for
Asset Accounting.
69. Which of the following are sets that could contain just a cost center range? (Multi)

A. Basic sets
B. Single-dimension sets
C. Multi-dimension sets
D. Set variable
E. Data sets
70. Which of the following statements accurately reflect the steps
necessary to create a validation /substitution? (Multi)
A.
Select
the
correct
call-up
point
for
the
validation/substitution.
B. Specify which customer special purpose ledgers use the
validation/substitution.
C. Assign the validation/substitution to an organizational
structure.
D. Activate the validation or substitution.
73

Which of the following are true regarding additional

currencies in FI? [Mull]
a. Exchange rate gains or losses for each valuation method
used for each currency can be posted to separate GL
accounts.
b. If the group currency is chosen as an extra currency in FI
currency in FI then an additional ledger must be
configured to record it.
c.
If two company codes are mapped to the same
controlling area the two controlling currencies can be
chosen.
d. The currency used in Profit center accounting can be
different than the one used in Controlling for Cost
Centers.

75

What do you need to do to create an opening balance

sheet in the R/3 System at the end of an ongoing year?
[Single]
a. Carry forward your FI Customizing settings into one of
the special periods.
b. Carry forward the balance of each balance sheet account
into the new fiscal year by running a year end program.
c. Execute program SAPF10011 in the old year.

d. There is no need to do anything.