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Q 1 - In Cost Center hierarchy, which of the following comes at the top in a normal scenario?
Cost element category is used to define if you can post to cost element directly or not. When you post a fixed amount to a cost elements by mentioning account number, it is called direct posting. In direct posting, you can post directly to all primary cost elements by specifying the account number.
Q 3 - Which of the following determines where costs are incurred in the organization?
Q 4 - Which of the following can be used to monitor the costs of a time-restricted job or the costs for the production of activities or can also be used for the long-term monitoring of costs?
SAP CO internal order monitor the parts of the costs and in few cases, the revenues of the organization.
You can create an internal order to monitor the costs of a time-restricted job or the costs for the production of activities. Internal orders can also be used for the long-term monitoring of costs.
Investment cost related to fixed assets are monitored using Investment orders.
Q 5 - How to perform settlement of IO to Cost Centers?
Q 6 - To create a Profit Center, Use T-code: KE51 or go to Accounting → Controlling → Profit Center Accounting → Master Data → Profit Center → Individual Processing → Create?
Q 7 - Which of the following module is used to find the value of internal cost of products and s also used for profitability and management accounting for production?
Key figures can be defined as fixed values and total values. All the key figures that you define as fixed values they are available for positing in full fiscal year.
