C_TS4CO_2021 Online Practice Questions and Answers

You define rules in a status profile and assign the profile to your internal order type. What do you use the status profile for? Note: There are 3 correct answers to this question.

A. To define the user status

B. To define users for the order

C. To permit or forbid specific transactions

D. To activate the CO partner update

E. To set the initial status as Created or Released

For which of the following situations would you need to implement the transfer price solution in SAP S4/NANA?

A. Parallel variation views of the same logistical flows are needed to differentiate between legal and profit center valuation.

B. Parallel price calculation and invoicing are needed to facilitate intercompany reconciliation.

C. Parallel accounting is needed in order to be compliant with different accounting principles.

D. Parallel costing is needed in order to calculate separate costs of goods manufactured for different accounting principles.

Which statements are relevant to the cost of sales accounting method in profitability management? Note: There are 2 correct answers to this question.

A. It presents the costs and revenues information in a format that is ideal for conducting margin analyses.

B. It presents revenues, primary expenses, changes in stock, WIP, and capitalized activities.

C. It aims to summarize activity and situational change for a given organizational unit over a period of time.

D. It aims to match revenues for goods and services against sales-related expenses.

In the Product Cost by Order process, what does the system calculate depending on the order status?

A. Both WIP and variances

B. WIP at actual costs or variances

C. WIP at target costs or variances

D. WIP at percentage of completion (PoC) method or variances

To which object can you settle an internal order using cost elements with cost element category 21 (internal settlement)? Note: There are 3 correct answers to this question.

A. Sales order item

B. WBS element

C. General ledger account

D. Network

E. Asset

At which level do you define the valuation method for results analysis?

A. Controlling area

B. Company code

C. Plant

D. Operating concern

Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question.

A. It is used when periodic costs outweigh daily postings.

B. It is used to analyze work in process (WIP) based on actual costs.

C. It is used when the focus of controlling is on a stable and continuous production process.

D. It is used in conjunction with a product cost collector.

You are creating new activity type and want to maintain plan prices for a cost center. Which attribute must you configure in the activity type master record? Note: There are 3 correct answers to this question.

A. CO version

B. Valid cost center categories

C. Company code

D. Price indicator

E. Activity type category

You are running an indirect activity allocation. What do you post to the sender and receiver?

A. You post only cost to both the sender and receiver.

B. You post quantity and cost to both the sender and receiver.

C. You post both quantity and cost to the sender, and cost only to the receiver.

D. You post both quantity and cost to the receiver, and cost only to the sender.

You want to run an assessment cycle in Profitability Analysis to allocate cost center costs during period-end closing for your organization. Which of the following objects is part of the assessment cycle?

A. Cycle iteration

B. Tracing factor

C. Sender cost objects

D. Template