SIA Finals

SAP controlling (CO) module

module that provides an organization with a method of slicing and dicing data to view costs from an internal management perspective and give a view of profitability beyond basic financial reporting

managerial accounting

controlling, also known as ___, is designed to collect transactional data that provides a foundation for preparing internal reports that support decision-making within the enterprise

• executives

• senior management

• department managers

• controllers

• cost accountants

these are the target audiences for controlling

• represent legal and organizational views of an enterprise

• form a framework that supports business activities in the manner desired by management

• permit accurate and organized collection of business information

• support the development and presentation of relevant information to enable and support business decisions

these are the following goals of the CO organizational structure

client

an independent environment in the system

company code

the smallest organizational unit where a legal set of books can be maintained

controlling area

• self-contained unit for which revenues and expenses can be managed

• identifies and tracks where revenues and costs are incurred for evaluation

operating concern

• represents a part of an organization for which the sales market is structured uniformly

• calculates operating profit for individual market segments

profit center

is responsible for revenue generation and cost containment. evaluated on profit or return on investment

• region

• function

• product

profit centers commonly divide enterprises based on what?

cost center

• responsible for cost containment but not for revenue generation

• value added activities are performed here

true

(T/F) cost center is a unit that is distinguished by area of responsibility, location, or type of activity, such as a copy center, security department, or maintenance department

internal order

• temporary cost collector responsible for cost containment but not for revenue generation

• used to plan, collect, monitor costs associated with a distinct short term event, activity, project

revenue element

a one-to-one linkage or mapping between general ledger revenue accounts and CO revenue elements is established to allow the transfer of SAP FI revenue information to CO

cost element

a one-to-one linkage or mapping between general ledger expense accounts and CO cost elements is established to allow the transfer of SAP FI expense information to CO

primary cost element

originates in the general ledger within FI and is automatically transferred to CO when an FI transaction is recorded in the Gl

secondary cost element

used exclusively in CO for allocations and settlements between and amongst cost centers

externally

primary cost elements arise through the consumption of production factors that are sourced externally or internally?

internally

secondary cost elements arise through the consumption of production factors that are sourced externally or internally?

primary cost and revenue elements

expenses and revenue accounts in FI correspond to what?

secondary cost element

• used exclusively in CO to identify internal cost flows such as assessments or settlements

• don’t have corresponding GL accounts in FI and are defined in CO only

true

(T/F) when creating a cost element, a cost element category must be assigned. this assignment determines the transactions for which the cost element can be used

statistical key figures

• provide the foundation for accurate and effective cost allocation between cost objectives

• support internal cost allocations such as no. of employees, square footage, and minutes of computer usage

distribution

a method for periodically allocating primary cost elements

true

(T/F) primary cost elements maintain their identities in sending and receiving objects.

sender and receiver cost receivers are fully documented in a unique CO document

assessment

• method for allocating both primary and secondary cost elements

• primary and cost elements are grouped and transferred to receiver cost centers using a secondary cost element

true

(T/F) periodically, the costs are reallocated to the primary and secondary cost elements based on the budgeting and expense policy of the company

true

(T/F) in distribution and assessment, further allocation of costs collected on a cost center is done during the accounting period to receivers

both of these are indirect allocation methods that are necessary since the exchange of activity is not the basis for allocation cost/quantities

user-defined keys

are used such as percentage rates, statistical key figures, or posted amounts, which provide the cost/quantity assignment basis instead

true

(T/F) there is no separate cost element master data maintenance anymore in S/4HANA

general ledger account master data

part of the SAP FI chart of accounts is managed in ___

KA01, KA02, KA03, KA06

these transactions are no longer available

TKA3A, OKB9

default account assignments will be transferred from the cost element master to table ___, which can be viewed using transaction ___

true

(T/F) the GL account master record includes a new mandatory field for the cost element category, classifying GL accounts previously in transaction KA01

• chart of accounts area

• company code specific area

• controlling area specific area

GL accounts now have attributed on three levels, which are?

true

(T/F) in the innovations, there are new account types for primary costs'/revenues and secondary costs

journal entries are also recorded under GL accounts (secondary and primary costs)

universal journal

this combines account assignments of controlling (cost center, wbs element), profitability analysis (products, customer) and enterprise controlling (profit center)

true

(T/F) the use of material ledger is now obligatory and automatically active in all SAP S4HANA systems

• ability to manage material prices in multiple currencies/valuations

• actual costing

these are the two basic objectives of material ledger

true

(T/F) material inventory values are usually managed by the system in only one currency — company code currency

true

(T/F) the material ledger allows the system to manage inventory values in additional currencies/valuations by updating all goods movements in the material ledger

currency amounts are translated into foreign currencies at historical exchange rates directly at the time of posting

actual costing

determines exact costs for externally procured materials produced in house

true

(T/F) actual costing uses actual costs to evaluate inventories of raw materials, semi-finished, and finished products

it calculates an exact price for each material, into which all actual costs for the particular period flow

references currency settings defined in FI or Co

for this innovation, it is no longer allowed to use an ML type that ___

CKM3PH (price determination structure)

transaction ___ also replaces CKM3/CKM3N. all views these two offer are no longer available, except for CKM3 price history view, providing an improved view of materials in plants with active actual costing