C_TS4CO_1709 exam / C_TS4CO_1809 exam
C_TS4CO_1709 / C_TS4CO_1809 exam is an SAP certification exam for the SAP S/4HANA Management Accounting application. It tests the knowledge and skills of candidates in various areas of management accounting, including cost center accounting, internal orders, product cost planning, cost object controlling, profitability analysis, and profit center accounting.
The exam is designed for application consultants and business process architects who have experience working with SAP S/4HANA Management Accounting. The exam consists of 80 multiple-choice questions and has a time limit of 180 minutes. Candidates must achieve a minimum score of 63% to pass the exam.
Here are some sample questions that may appear on the C_TS4CO_1709 / C_TS4CO_1809 exam:
What is a cost center?
A. A cost center
is a unit within an organization that is responsible for incurring costs.
B. A cost center
is a unit within an organization that is responsible for generating revenue.
C. A cost center
is a unit within an organization that is responsible for managing investments.
D. A cost center
is a unit within an organization that is responsible for managing fixed
assets.
Answer: A
What is the purpose of an internal order?
A. An internal order
is used to track the cost of a specific production order.
B. An internal order
is used to track the cost of a specific sales order.
C. An internal order
is used to track the cost of a specific business process or project.
D. An internal order
is used to track the cost of a specific asset.
Answer: C
What is product cost planning?
A. Product cost planning
is the process of calculating the cost of goods sold for a product.
B. Product cost
planning is the process of calculating the cost of producing a product.
C. Product cost
planning is the process of calculating the cost of marketing a product.
D. Product cost
planning is the process of calculating the cost of distributing a product.
Answer: B
What is the purpose of profitability analysis?
A. Profitability
analysis is used to track the profit or loss of a specific business unit
within an organization.
B. Profitability
analysis is used to track the profit or loss of an entire organization.
C. Profitability
analysis is used to track the revenue generated by a specific business
unit within an organization.
D. Profitability
analysis is used to track the revenue generated by an entire organization.
Answer: D
What is the purpose of cost object controlling?
A. Cost object controlling
is used to track the cost of a specific business process or project.
B. Cost object controlling
is used to track the cost of producing a specific product.
C. Cost object controlling
is used to track the cost of a specific customer order.
D. Cost object controlling
is used to track the cost of maintaining a specific asset.
Answer: A
Organizational assignments
Q: What are the main organizational assignments in management accounting?
A: They are company code, controlling area, and organizational units such as cost centers, internal orders, and profit centers. These assignments help to define the reporting structures and financial control areas within an organization.
Process integration
Q: What is the role of master data?
A: Master data plays a critical role in process integration by providing a common set of data that can be used across different business processes. By maintaining consistent and accurate master data, organizations can ensure that financial and management accounting processes are integrated with other business processes.
Q: How does process integration work in management accounting?
A: It refers to the seamless flow of information between various accounting processes, such as cost center accounting, internal orders, product cost planning, and profitability analysis. This integration allows for better decision-making and financial control within an organization.
Q:: What are the various processes integration?
A: The various processes integrated are:
- Procurement
- Production
- Sales
- Financial accounting
A: Examples are the integration of procurement processes with accounts payable processes, the integration of production processes with cost accounting processes, and the integration of sales processes with profitability analysis processes.
Q: What are some challenges associated with process integration?
A: Challenges associated with process integration include the complexity of the SAP system, the need to maintain accurate and up-to-date master data, and the need to ensure that different business processes are aligned with each other.
Cost center accounting
Q: What is cost center accounting?
A: This involves tracking and reporting on the costs associated with various departments or functional areas within an organization. This information can be used to identify areas of inefficiency or to allocate costs to specific products or services.
Q: What types of costs are typically associated with cost centers?
A: They can vary depending on the type of department or functional area. Examples of costs that may be associated with cost centers include salaries and wages, rent and utilities, equipment and supplies, and depreciation.
Q: How is cost center accounting different from financial accounting?
A: Cost center accounting is focused on tracking and controlling costs associated with specific departments or functional areas within an organization, while financial accounting is focused on preparing financial statements and reporting on an organization's overall financial health.
Internal orders
Q: What are internal orders?
A: They are used to track the costs associated with specific projects or initiatives within an organization. They can be used to monitor project progress, allocate costs to specific departments or cost centers, and track budget vs. actual spending.
Q: How can internal orders be used to improve business processes?
A: Internal orders can be used to track and control costs associated with a specific project or activity, allowing management to identify areas of inefficiency and take corrective action. Additionally, the information gathered from internal orders can be used to make more informed business decisions and allocate resources more effectively.
Q: What is the difference between an internal order and a production order?
A: An internal order is typically used for short-term projects or activities, while a production order is used for the manufacture of products. Additionally, production orders are typically used in manufacturing environments, while internal orders can be used in a variety of settings.
Q: How can internal orders be used in conjunction with other management accounting tools?
A: Internal orders can be used in conjunction with other management accounting tools, such as cost centers, to provide a more comprehensive view of an organization's financial health. For example, costs associated with an internal order can be allocated to a cost center to provide a more accurate picture of the costs associated with a specific department or functional area.
Product cost planning
Q: What is product cost planning?
A: This involves calculating the costs associated with producing a specific product or service. This information can be used to set pricing strategies, identify areas of inefficiency, and optimize production processes.
Cost object controlling
Q: What is cost object controlling?
A: The tracking and analyzing of costs associated with specific products, services, or initiatives. This information can be used to improve cost efficiency, optimize production processes, and allocate costs to specific departments or cost centers.
Profitability analysis
Q: What is profitability analysis?
This is a process that helps organizations analyze the profitability of their products, services, or customers. It involves assigning costs and revenues to different value fields and analyzing them based on various characteristics, such as product line, customer group, or sales region. Profitability analysis helps organizations identify areas where they can increase profitability and make informed decisions about pricing and product mix.
Profit center accounting
What is profit center accounting?
It is a process that helps organizations track the profitability of their individual business units, such as sales regions or product lines. It involves creating a hierarchy of profit centers and allocating costs and revenues to them. Profit center accounting helps organizations identify areas where they can increase profitability and make informed decisions about resource allocation.
Reporting
Q: What types of reports are available?
A: The system offers a wide range of reports to support decision-making and financial control within an organization. These reports can be used to track costs, analyze profitability, and monitor project progress. Some examples of reports include cost center reports, internal order reports, and profit center reports.
Q: What types of reports are available in cost center accounting?
A: There are a variety of reports to help stakeholders track and monitor costs associated with specific departments or functional areas. Examples of reports include cost center reports, variance analysis reports, and activity reports.
Q: What types of reports are available for internal orders?
A: Examples of reports include order reports, commitment reports, and actual vs. plan reports.
Some of the key lessons learned
• Understanding the
organizational assignments in the system is essential to correctly set
up the system and allocate costs and revenues to the appropriate entities.
• Process integration
is critical for effective cost management, and the SAP S/4HANA Management
Accounting system provides robust integration capabilities with other modules
in the SAP ecosystem.
• Cost center accounting
and internal orders are critical features for tracking costs associated
with specific areas of an organization, such as departments or projects.
• Product cost planning
and cost object controlling are essential features for accurately calculating
and tracking the costs associated with producing products or delivering
services.
• Profitability
analysis and profit center accounting are critical features for analyzing
and improving the profitability of an organization and its business units.
| Author's background
and qualifications
The "SAP S/4HANA Management Accounting Certification Guide: Application Associate Exam" is written by Theresa Marquis and Marjorie Wright, both of whom are experienced SAP consultants and trainers. Theresa Marquis has over 20 years of experience in the IT industry, including over 10 years of experience working with SAP systems. She is an experienced SAP trainer and has written several books and articles on SAP topics. Marjorie Wright has over 25 years of experience in the IT industry, including over 15 years of experience working with SAP systems. She is an experienced SAP consultant and trainer and has worked with clients across a variety of industries. Overall, the authors' extensive experience and expertise make the "SAP S/4HANA Management Accounting Certification Guide: Application Associate Exam: Application Associate Exam" a valuable resource for anyone looking to prepare for the C_TS4CO_1709 and C_TS4CO_1809 certification exams or learn more about the SAP S/4HANA Management Accounting system. |
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