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Achieving the SAP C_TS4CO_2021 certification can enhance your career prospects and increase your earning potential. It can also demonstrate your commitment to professional development and your willingness to stay up-to-date with the latest technology trends in management accounting.
SAP C-TS4CO-2021 exam is designed for professionals who want to become certified in SAP S/4HANA for Management Accounting Associates. SAP Certified Application Associate - SAP S/4HANA for Management Accounting Associates (SAP S/4HANA 2021) certification exam tests the candidate's knowledge of the latest version of SAP S/4HANA 2021 and their ability to perform tasks related to management accounting. C_TS4CO_2021 exam covers various topics such as cost center accounting, product cost planning, profitability analysis, and more.
NEW QUESTION # 38
You create a new profit center. Which company code(s) is it assigned to by default?
- A. All company codes to which the profit center standard hierarchy is assigned to.
- B. All company codes maintained in your authorization profile.
- C. All company codes where profit center accounting is activated.
- D. All company codes within the controlling area.
Answer: D
NEW QUESTION # 39
What are some of the characteristics of SAP Core Data Services (CDS) views? Note: There are 3 correct answers to this question.
- A. CDS views support authorization.
- B. CDS views have no latency.
- C. CDS views are considered system modifications.
- D. CDS views have ready-to-use content.
- E. CDS views duplicate data for reporting efficiencies.
Answer: A,B,D
NEW QUESTION # 40
Which processes split costs into their primary cost components? Note: There are 2 correct answers to this question.
- A. Business process price calculation
- B. Settlement of internal orders
- C. Cost center/activity type price calculation
- D. Execution of the assessment cycles
Answer: A,C
NEW QUESTION # 41
Which field can you select for both reporting in costing based and account-based Profitability Analysis?
- A. Version
- B. Record type
- C. Cost element
- D. Value in Controlling Area Currency
Answer: A
NEW QUESTION # 42
You want to derive the profitability segment for a line item in the universal journal using SAP S/4HANA standard configuration. What requirements must be fulfilled? Note: There are 2 correct answers to this question.
- A. Costing-based Profitability Analysis must be active.
- B. The type of the addressed ledger must be an extension ledger.
- C. Account-based Profitability Analysis must be active.
- D. The type of the general ledger account must be primary cost/revenue or secondary cost.
Answer: C,D
NEW QUESTION # 43
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. Network
- B. WBS element
- C. Sales order item
- D. Asset
- E. General ledger account
Answer: A,B,C
NEW QUESTION # 44
You want to understand why cost are collected on sales order item level. What do you need to in the configuration? Note: There are 3 correct answers to this question.
- A. Costing type
- B. Requirements class
- C. Account assignment category
- D. Valuation variant
- E. Requirement type
Answer: B,C,E
NEW QUESTION # 45
You are implementing SAP S/4HANA and you want to run analytical reports off a single data model. Which statement best describes reporting in SAP S/4HANA?
- A. Reporting on data in real time is difficult, and complex to design.
- B. Reporting on data is available in real-time at every level of detail.
- C. Reporting analytical data is always done in a business warehouse system.
- D. Reporting can be either broad and deep for analysis, or speedy and simple, but not both.
Answer: B
NEW QUESTION # 46
You are setting up a direct internal activity allocation in SAP S4/HANA. What is valid receivers for the activity? Note: There are 3 correct answers to this question.
- A. Profit center
- B. WBS element
- C. Sales order item
- D. General ledger account
- E. Internal order
Answer: B,C,E
NEW QUESTION # 47
At what level do you create the structure of the operating concern?
- A. Sales organization level
- B. Company code level
- C. Client level
- D. Controlling area level
Answer: C
NEW QUESTION # 48
What does SAP/S4HANA select line-item-based data for costing based Profitability Analysis reports?
- A. It select actual data from table CE1XXXX and plan data from CE2XXXX.
- B. It select actual data from table ACDOCA and plan data from ACDOCP.
- C. It select actual data from table ACDOCA and plan data from COSP.
- D. It select actual data from table CE2XXXX and plan data from CE3XXXX.
Answer: A
NEW QUESTION # 49
Which of the following objects can be selected in templates for activity-based costing? Note: There are 2 correct answers to this question.
- A. Cost center/activity type
- B. WBS element
- C. Internal order
- D. Business process
Answer: B,C
NEW QUESTION # 50
Which type of Profitability Analysis updates the cost of goods sold at the time of delivery?
- A. Periodic-accounting based
- B. Costing-based only
- C. Account-based only
- D. Both account-based and costing-based
Answer: C
NEW QUESTION # 51
You want enable WIP calculation in Product Cost by Period. What do you need to configure?
- A. Profitability Analysis (PA) transfer structure
- B. Variance variant
- C. Settlement profile
- D. Valuation variant
Answer: D
NEW QUESTION # 52
You want to maintain a cost component structure. What can you determine for each cost component? Note:
There are 3 correct answers to this question.
- A. Relevance of cost component to results analysis
- B. Relevance of cost component to goods manufactured
- C. Relevance of cost component to inventory valuation
- D. Assignment of cost component of cost component group
- E. Assignment of cost component to calculation base for overheads in costing sheet
Answer: B,C,D
NEW QUESTION # 53
What are some of the objectives of Profitability Analysis? Note: There are 2 correct answers to this question.
- A. Allow the company to determine standard costs and revenues according to the period accounting method.
- B. Allow the company to determine if the sales force achieved their contribution margin goals.
- C. Provide the company with a detailed view of its financial statements by areas of responsibilities.
- D. Provide the company with information on the performance of its market segments.
Answer: B,D
NEW QUESTION # 54
Which scenarios can be covered by one single costing run? Note: There are 2 correct answers to this question.
- A. Product cost collector cost estimate in one plant
- B. Standard cost estimate of all the materials in all plants of a controlling area
- C. Current cost estimate of all the materials in all controlling area
- D. Inventory cost estimate of all the materials in one plant
Answer: A,D
NEW QUESTION # 55
You want to create cost centers for your company. What is the prerequisite to build an organizational structure for overhead cost controlling?
- A. Profit center
- B. Cost center categories
- C. Person responsible
- D. Standard hierarchy top node
Answer: D
NEW QUESTION # 56
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SAP C-TS4CO-2021 certification exam is a valuable credential for management accounting associates who work with SAP S/4HANA. It validates the candidate's expertise in SAP S/4HANA management accounting and can enhance their career prospects. Candidates can prepare for the exam by using official SAP course materials, practice exams, and networking with other SAP professionals.
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