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Q 1 - Which of the Transaction code can be used to create an activity type in Controlling?
Q 2 - Which of the following is incorrect about Cost Center?
A Cost center hierarchy contains cost centers for a given and it is known as standard hierarchy.
To create a cost center, you have to first define cost center hierarchical structure.
Q 3 - Which of the following determines where costs are incurred in the organization?
Q 4 - Which of the following currency type is used for cost accounting and is based on assignment control indicator and currency type?
Controlling area currency
The system uses this currency for cost accounting. This currency is set up when you create the controlling area. It is based on the assignment control indicator and the currency type.
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 - When actual cost on cost center is different from target cost or planning was over/under, it is called?
Q 8 - Which of the following are typical use cases for product cost by period?
Q 9 - To execute the reports you have to navigate to Information Systems → Accounting → Controlling → Reports for Cost Center Accounting?
Q 10 - Which of the following is a smallest unit of responsibility in an organization?
Cost Center represents a smallest unit of responsibility in an organization and contains master data objects: Cost center, activity types and Static key figures.