Term
| Profitability Analysis (CO-PA) |
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Definition
| Costs from Overhead Cost Controlling (CO-OM) and Product Cost Accounting (CO-PC) can flow into _____. |
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Term
| Overhead Cost Controlling Area |
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Definition
| Within the ____, costs can be posted to cost centers, internal orders, and processes from other SAP ERP applications (external costs). |
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Term
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Definition
| Posting to a cost object will create a ____ to a profit center. |
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Term
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Definition
| ____ can receive direct postings from financial accounting, costs from cost centers, costs settled from internal orders, and costs allocated from Activity-Based Costing processes. |
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Term
1. Financial Accounting
2. cost assessments |
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Definition
| In addition to direct postings from 1.___, Profitability Analysis can receive 2._____ form cost centers and ABC processes, settlements of cost from internal orders, and production variances settled from cost objects. |
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Term
| Expense to the G/L, expense posted as cost to a cost center. |
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Definition
| What happens when a non-stock item is purchased? |
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Term
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Definition
| Most expense postings in the G/L result in a cost posting in ____ |
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Term
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Definition
| Sales Order Management is a primary source for _____ from billing documents to revenue postings in Profitability Analysis (CO-PA) , and Profit Center Accounting (PCA). |
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Term
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Definition
| A ____ can create a cost posting in Management Accounting to whichever cost object is specified. |
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Term
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Definition
| Not assigned to anything, only a reporting code. Groups strategic business unitys for reporting P and L and financial statements. Can also be cross-company code. |
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Term
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Definition
| Basic Organizational unit in Managerial Accounting. |
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Term
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Definition
| Closed entity used for cost accounting. You can allocate costs ONLY within this. |
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Term
| operating chart of accounts and the same fiscal year variant |
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Definition
| The controlling area and its company codes must use the same (2 things) |
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Term
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Definition
| Profitability Analysis is used with this. It represents the structure of external market segments for the enterprise. You can assign several controlling areas to each of these so you can analyze them together. |
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Term
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Definition
| Independent Accounting unit. (think legal reporting requirements) |
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Term
| Controlling area currency, company code currency/object currency, transaction currency. |
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Definition
| You may use three currencies in MA. What are they? |
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Term
| More than one (as needed) |
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Definition
| You may assign how many company codes to a single controlling area? |
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Term
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Definition
| Defined only in CO and are used for internal CO allocations. They dont have any corresponding G/L accounts in FI. |
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Term
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Definition
| You make these on the basis of functional, settlement-related, activity-related, spatial, and/or responsibility-related standpoints. |
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Term
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Definition
| Can be set up according to different design approaches, including: functional requirements, allocation criteria, activities or services provided, geographic location and/or area of responsibility. Should be consistent. |
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Term
Basic Data - Description of cost center.
Cost Center Hierarchy - Standard node to which assigned. Controlling area must have unique one that includes every cost center created in that controlling area.
Profit Center - IDs a purpose of the center
Company Code/Business Area - Close ties between MGT accounting and FIN accounting |
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Definition
| Name all the cost center data parts and what they contain. (4) |
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Term
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Definition
| Serve as tracing factors for cost allocation. |
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Term
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Definition
| Allocated using secondary cost elements, which are stored in the master data of the activity types as default values. |
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Term
| which cost centers provide which activity types at which price. |
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Definition
| To enable internal activity allocations, you need to specify: (3 things) |
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Term
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Definition
| Used as the allocation base, or tracing factors that define some measurable value applicable to cost/profit centers, internal orders, or processes. Also can be used for periodic allocation transactions, like distribution or assessment, as well as analysis purposes. |
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Term
| Fixed - stays the same (T1) or total value - tends to change (T2) |
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Definition
| Statistical Key figures can be defined as either: (2 things) |
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Term
-Statistical Order
-Statistical Project
-Profit Center: NO (contains only real) |
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Definition
Which of the following contain both true and statistical objects in them?
-Statistical Order
-Statistical Project
-Profit Center |
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Term
| Controlling object posted to, cost element used, and the amount |
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Definition
| The CO document has its own unique number and contains the following details (3 things) |
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Term
| a primary cost element has been created in CO that corresponds to the expense account used in the FI journal entry and a valid cost center is referenced in the FI line item. |
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Definition
| When a journal entry is created in FI that includes an expense line item, that expense can be posted to CO as a cost if: (2 things) |
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Term
| Direct activity allocation |
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Definition
| In order to enter ____, you must enter the cost center that provides the activity (sender cost center), the object that receives the activity (receiver), the type (activity type), and the quantity of the activity provided. |
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Term
| *Operating concern and controlling area |
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Definition
| List the two organizational units defined in controlling |
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Term
| Marking enables the results of the standard cost estimate to be updated as the future standard price in the material master. Releasing a standard cost estimate enables the future standard price to be updated as the current standard price and the current planned price in the material master. |
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Definition
| what is the difference between marking a standard cost estimate and releasing a standard cost estimate? |
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Term
| Cost centers, real internal orders, real projects, networks, cost objects, and profitability segments |
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Definition
| List the true cost objects (6 things) |
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Term
| False (periodic posting and distributions used the original cost elements while assessments use secondary cost elements) |
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Definition
| When allocating cost centers using assessments, the original cost elements are used to track the movement from sender to receiver. (T/F) |
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Term
| Overhead orders, investment orders, accrual orders, orders with revenue |
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Definition
| what are the four typical uses of internal orders? |
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Term
| to measure the profitability of areas of responsibility within the organization |
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Definition
| Describe the goal of profit center accounting. |
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Term
Overall planning - simplest
Primary/Secondary cost and revenue planning - more detailed info about internal orders
unit costing - most detailed planning on cost elements |
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Definition
| Identify and describe the three different cost planning levels that are available for planning internal orders. |
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Term
Recorded when: assign an overhead order to a purchase requisition or purchase order line item.
Reduced commitment: posting a goods receipt against a PO. |
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Definition
| When is a commitment recorded? When is the commitment reduced? |
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Term
| As long as the receivers are defined as valid in customizing and no impending system restrictions (such as locks) prevent settlement. |
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Definition
| When can an order settlement be made to numerous different types of receiver? |
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Term
- Product Cost Planning
- Cost Object Controlling
- Actual Costing and Material Ledger |
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Definition
| What three components comprise Product Cost Accounting? |
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Term
| Cost estimate, actual costs |
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Definition
| Period-end closing calculates the value of goods still in production (WIP) and the variances between the ____ and the ____, and settles them to other components such as Profitability Analysis and Financial Accounting |
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Term
- The period of validity of the cost estimate (costing date from/to)
- the selection date for the bill of material and routing (quantity structure dates)
- the pricing data for the material components and activities (valuation date) |
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Definition
| The dates proposed from the costing variant specify the following: (3 things) |
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Term
1. Standard cost estimate must be free of errors
2. The marking and release must be allowed. |
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Definition
| The following prerequisites must be met before a standard cost estimate can be marked or released: (2 things) |
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Term
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Definition
| A standard price is required in the ____ to determine the actual price. |
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Term
| Account Assignment Object |
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Definition
| When controlling is active, each posting to a revenue or expense account that has been set up as a cost element in CO requires a(n) _____. This specifies where the revenue or cost will reside in CO. |
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Term
1. All postings for revenue and cost elements (assignment to the profit center using the MA account assignment object)
2. Expense and revenue accounts that are posted to using logistics transactions.
3. Balance sheet accounts and other expense and revenue accounts (optional) |
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Definition
| What data is transferred to Profit Center Accounting? (2 required, 1 optional) |
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Term
| Costing-based Profitability analysis |
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Definition
The following describes what:
- Has reports that display values by value fields (flexibly defined key figures)
- Can be expanded with other anticipated values, such as accrued freight costs
- uses special database tables
- produces revenues and cost of sales simultaneously when the billing document is calculated |
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Term
| account-based profitability analysis |
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Definition
The following describes what?
- has reports that display values by cost element and revenue element
- reconciles directly with financial accounting at account level
- shares data tables with other management accounting applications, such as cost center accounting
- posts revenues when the billing document is created, but updates cost of sales at the point of goods issue |
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Term
1. when orders are created or changed (optional)
2. when invoices are generated for an order |
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Definition
| In costing-based profitability analysis, information can be taken at what two points in the sales order cycle? |
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Term
1. when a goods issue is posted
2. when an invoice is generated for the goods issue |
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Definition
| In account-based profitability analysis, information can be taken at which two points in the sales order cycle? |
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Term
1. allocation of internal activities
2. assessment
3. order settlement
4. project settlement |
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Definition
| How can you allocate overhead costs that were not allocated to product cost controlling to profitability analysis? (4 ways) |
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Term
| False. (sales and distribution, materials management, human capital management can also transfer expense and revenue postings in CO) |
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Definition
| The FI module is the only source of expense and revenue postings in CO. (true/false) |
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Term
| False. (A primary cost element is linked to a G/L account. A secondary cost element is used within CO to allocate costs between objects. |
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Definition
| A secondary cost element is linked to a G/L account to ensure that expense postings pass to CO. (True/False) |
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Term
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Definition
| You must have a(n) ______ in order to do profitability analysis. (this is at the organizational structure level) |
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Term
1. Profitability Analysis
2. Overhead Cost Controlling
3. Product Cost Controlling
4. Profit Center Accounting
5. Cost and revenue element sharing |
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Definition
| What are the 5 main areas of controlling? |
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