Cost Center Accounting

Tracks costs and revenues for cost centers

Cost Center Accounting allows organizations to classify, allocate, and manage cost activities within cost centers for accurate financial reporting and analysis.

5 minutes 5 Questions

Test mode:

Exam (Timed)

Practice (With explanations)

Start practice test

SAP S/4HANA - Cost Center Accounting Example Questions

Test your knowledge of Amazon Simple Storage Service (S3)

Question 1

In SAP S/4HANA Cost Center Accounting, which indicator is used to identify a direct activity allocation?

Actual Activity Allocation (4) Distribution (3) Assessment (2) Indirect Activity Allocation (1) Primary Cost Element (10) Secondary Cost Element (20)

Correct Answer: Actual Activity Allocation (4)

In SAP S/4HANA Cost Center Accounting, the Actual Activity Allocation (4) indicator is used to identify a direct activity allocation.

Question 2

Which of the following reports are available in SAP S/4HANA Cost Center Accounting? (Choose all correct answers)

Actual and planned costs, Variance analysis Reports on inventory balances, General ledger balances Material ledger analysis, Price variance analysis Product cost analysis, Profitability analysis Profit center comparisons, Period-end closing results Asset-specific costs, Planned and actual depreciation

Correct Answer: Actual and planned costs, Variance analysis

In SAP S/4HANA Cost Center Accounting, the available reports focus on actual and planned costs along with variance analysis. The other types of reports mentioned are typically found in other modules or components of the SAP S/4HANA system.

Question 3

Which of the following is true regarding Assessment and Distribution in Cost Center Accounting?

Assessment cannot allocate costs for multiple sender cost centers There are no differences between Assessment and Distribution Distribution is not supported in Cost Center Accounting Secondary cost elements are only used in Distribution Distribution is only used for primary cost elements Assessment is used for activity allocation with secondary cost elements

Correct Answer: Assessment is used for activity allocation with secondary cost elements

Assessment is used for activity allocation with secondary cost elements, and it can allocate costs for multiple sender cost centers. Distribution is used for both primary and secondary cost elements, but it does not involve activity allocation.

Go Premium

SAP S/4HANA for Financial Accounting Associates Preparation Package (2024)

599 Superior-grade SAP S/4HANA for Financial Accounting Associates practice questions.
Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
Bonus: If you upgrade now you get upgraded access to all courses
Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!

Start Your Free 7-Day Trial