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SAP CO Certification Exam Topics:
| Topic Areas | Topic Details, Courses, Books | Weighting |
|---|---|---|
| Product Cost Planning | Determine and configure product cost planning, define interface from CO-PCP (Product Cost Planning) to CO-PA (Profitability Analysis) and costing versions for alternative costings, determine cost elements structure, cost component structure, planning requirements, costing variants and multi-level costings, and carry out a Price update in the material master record. TFIN20 OR AC506 | > 12% |
| Basics of SAP ERP and SAP Solution Manager | Describe the SAP ERP Solution and define the integration between SAP ERP and Solution Manager. TERP01 | < 8% |
| Reporting | Determine general reporting requirements for cost centers, configure cost center reporting, and create report painter reports and drill-down reports. TFIN22 OR CA705, AC605 | < 8% |
| Profit Center Accounting | Create organizational charts for profit centers, determine Profit Centers (in FI in the new GL), create Profit Centers and check master data assignments, and configure period-end closing for PCA. TFIN22 OR AC612 | 8% - 12% |
| Profitability Analysis | Define value fields, characteristics and summary characteristics, determine planning, actual and process flow and security requirements, design process flows and develop authorization concept for reporting of FI / CO data. Configure profitability analysis and determine the operating concern, and assignment to controlling area. Define currency and assign the chart of accounts, result analysis and revenue recognition (in cooperation with FI and SD), and configure period-end closing for PA. TFIN22 OR AC605 | > 12% |
| Internal Orders | Distinguish between order category and order type. Determine plan data, commitments and actual requirements for internal orders and determine period-end closing activities. Define, create and configure internal orders and create a concept for internal order accounting, and customize internal order accounting, determine settlement rules and configure period-end closing for IOA. TFIN20 OR AC415 | > 12% |
| Organizational Assignments and Process Integration | Define scopes and processes in Management Accounting, cross-company code design, sub-contracting, production execution, sales pricing, inbound freight, stock transfers, inventory valuation and transfer pricing, work in process rules and high-level requirements for organization units. Configure budgeting and availability control settings and period end closing, define statistical key figures and assign the controlling area to company codes and operating concern. Check number ranges and first integration flows with other modules (CO), and configure versions. TFIN20 OR AC410 | < 8% |
| Cost Object Controlling | Determine and configure cost object controlling - planning and actuals, and customize and complete cost object controlling in a make to stock scenario and in a make to order scenario. Define WIP, results analysis, variances and revenue recognition (in cooperation with FI and SD) and configure period end closing for cost objects. TFIN20, TFIN22 OR AC521, AC522 | > 12% |
SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7
Preparation Guide for C_TFIN22_67
Introduction
Associate level Management Accounting Certification for ERP Financial Professionals
SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 certification exam is for the candidates looking for a career as SAP ERP Management Accounting Professional. This exam is targeted to the candidates from business consulting background as an entry level qualification to management accounting projects.
SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 certification exam validates the fundamental knowledge and skills of the candidate in SAP ERP Management Accounting field. It also verifies if the candidate has a good understanding within the consultant profile and can reciprocate this knowledge practically and address the real-world problems based on the client requirements.
It is a recommended certification and not a compulsory prerequisite for the for the candidates, who are looking for a career in SAP ERP Management Accounting.
NEW QUESTION 94
Which applications are integrated with variant configuration in SAP ERP? (Choose three)
- A. Internet Pricing and Configurator (IPC)
- B. ERP Finance (Fl)
- C. ERP Pricing (SD)
- D. ERP Costing (CO)
- E. ERP Quality Management (QM)
Answer: A,C,D
NEW QUESTION 95
Which of the following are correct descriptions of profit centers? (Choose three)
- A. Profit centers represent an area of responsibility for cost and revenues.
- B. Profit centers are usually structured in the hierarchy by region, function or product.
- C. Profit centers are the basic organizational units of profitability analysis.
- D. Profit centers are structured in a standard hierarchy.
- E. Profit centers are sub units of cost centers.
Answer: A,B,D
NEW QUESTION 96
What is the SAP Solution Manager?
- A. It is an own related database system that can be used as an alternative to databases from other vendors.
- B. It is a robust and lean standard-based platform that enables you to develop Java and composite applications from scratch and on top of existing services.
- C. It supports throughout the entire life-cycle, from the Business Blueprint to the configuration to production processing.
- D. It is an application that is part of the SAP Supply Chain Management application.
Answer: C
NEW QUESTION 97
Which of the following are the usage scenarios for Solution Manager? (Choose three.)
- A. Optimization
- B. Validation
- C. Retirement
- D. Operations
- E. Implementation
Answer: A,D,E
NEW QUESTION 98
You have completed the basic configuration of SAP Solution Manager and defined the solution landscape.
Which of the following scenarios will work without further configuration steps? (Choose two.)
- A. Early Watch Alert
- B. Business Process and Interface Monitoring
- C. Change Request Management
- D. Maintenance Optimizer
Answer: A,D
NEW QUESTION 99
On what does SAP Early Watch Alert report? (Choose two.)
- A. Performance trending
- B. Business processes
- C. System configuration
- D. Hardware failures
Answer: A,C
NEW QUESTION 100
Which of the following management accounting (CO) components requires an operating concern?
- A. Product Cost Accounting
- B. Profit Center Accounting
- C. Profitability Analysis
- D. Overhead Cost Controlling
Answer: C
NEW QUESTION 101
Why is preliminary cost estimate required?
Please choose the correct answer.
Response:
- A. To valuate the unplanned scrap in variance calculation.
- B. To calculate production variances in variance calculation.
- C. All the above
- D. To valuate work in progress
- E. To confirm the actual activity quantities.
Answer: C
NEW QUESTION 102
Excluding the Continuous improvement phase, how many phases are there in the Accelerated SAP roadmap?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 103
How can you achieve periodic controlling when a lot size based production scenario is used by logistics?
(Choose two.)
- A. Adjust the default rule in the default values for the production order type.
- B. Use an internal order in addition to the production order.
- C. Adjust the costing type of the plan costing variant.
- D. Use a product cost collector in addition to the production order.
Answer: A,D
NEW QUESTION 104
Which of the following statement is not correct?
Please choose the correct answer.
Response:
- A. We can use statistical key figures both as a basis for periodic transactions and for analysis of key figures.
- B. The fixed value statistical key figure is posted in the period in which it is entered.
- C. We can post both planned as well as actual statistical key figures.
- D. Statistical key figures are tracing factor for reposting & allocation of the cost relating to cost center, profit center, Overheads.
Answer: B
NEW QUESTION 105
In January, you posted a headcount of 10 employees as an actual statistical key figure on a cost center.
The key figure is defined as fixed value. In July, the headcount is reduced to 8 employees for the rest of the year.
What headcount do you have to post?
- A. 8 in period July.
- B. 8 in each period July to December.
- C. -2 in each period July to December.
- D. -2 in period July.
Answer: A
NEW QUESTION 106
Your customer wants to add certain values from a source document into the account document automatically. You recommend them to use a function module.
Which of the following are attributes of function modules? (Choose two.)
- A. Function modules have to be released by SAP.
- B. Function modules can be called out of ABAP programs.
- C. Function modules are automatically imported via Support Packages.
- D. Function modules are reusable subroutines.
Answer: B,D
NEW QUESTION 107
Your customer wants to see a P&L statement for profit centers by the cost-of-sales accounting approach.
Which of the following is the minimum requirement?
- A. Enter the functional area in the profit center master.
- B. Create a derivation rule for the functional area.
- C. Activate the scenario functional area in New GL.
- D. Activate profitability analysis.
Answer: C
NEW QUESTION 108
What is the basis for creating projects in SAP Solution Manager?
- A. Business documentation
- B. Business blueprint
- C. Business scenarios
- D. Business content
Answer: C
NEW QUESTION 109
Which of the following mapping types are supported in SAP NetWeaver PI?
(Choose three)
- A. Java
- B. XSLT
- C. Message Mapping
- D. .NET
Answer: A,B,C
NEW QUESTION 110
Which of the following organizational units are maintained in Management Accounting? (Choose two)
- A. Functional area
- B. Business area
- C. Controlling area
- D. Company code
- E. Operating concern
Answer: C,E
NEW QUESTION 111
How does material costing support semi-finished and finished materials that are valuated in stock with consistent valuation strategies per company code?
- A. You are only allowed to use material cost estimates with quantity structure to update standard prices.
- B. Costing runs to update the standard prices have to run generally under observation of an external auditor.
- C. You are only allowed to use iterative activity prices in material cost estimates which update standard prices.
- D. You are only allowed to use one single costing variant to update standard prices per period and company code.
Answer: D
NEW QUESTION 112
A customer wants to allocate internal and external costs, based on statistical key figure values, to the receivers. Which method do you choose?
- A. Settlement
- B. Overhead calculation
- C. Assessment
- D. Distribution
Answer: C
Explanation:
Explanation/Reference:
NEW QUESTION 113
Which data do you need to set up an accrual calculation with the percentage method? (Choose two.)
- A. Primary cost element (category 3) as an accrual cost element
- B. Accrual settlement rules with percentage method.
- C. Accrual allocation cycle with sender receiver segments
- D. Cost center or internal order (order category 2) as a credit object
- E. Secondary cost element (category 31) as an accrual cost element
Answer: A,D
NEW QUESTION 114
Excluding the Continuous improvement phase, how many phases are there in the
Accelerated SAP roadmap? Please choose the correct answer. Response:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 115
What are the advantages of a real internal order compared to a statistical order?
(Choose two)
- A. Settlement splitting to different receivers
- B. Budget and availability control
- C. Exception reporting
- D. Overhead surcharges collection
Answer: A,D
NEW QUESTION 116
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