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Detailing Production Accounting by Order
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Performing Production Accounting for Process Orders
Summarizing the Main Characteristics of the Make-to-Stock Production Process
Recalling the Make-to-Stock production process in Production Accounting
31 min
Recalling the Cost Objects used in Lot-based Production Processes (Make-to-Stock scenario)
11 min
Recalling the Main Characteristics of the Event-based Production Process
11 min
Quiz
Performing Production Accounting for Production Orders
Detailing a Production Order from a Management Accounting Perspective
41 min
Analyzing Costs from Goods Issue and Activity Confirmation to a Production Order
36 min
Analyzing Costs from Partial Goods Receipts to a Production Order
21 min
Analyzing Costs from Final Goods Issue to a Production Order
16 min
Analyzing Costs from Final Confirmation and Final Goods Receipts to a Production Order
16 min
Analyzing the Settlement of a Finally Delivered Production Order
31 min
Analyzing the Error Handling Process
11 min
Quiz
Performing Production Accounting for Process Orders
Describing the Joint Production scenario
31 min
Detailing a Process Order from a Management Accounting perspective
11 min
Analyzing Costs from Goods Issue and Activity Confirmation to a Process Order
16 min
Analyzing Costs from Final Confirmation to a Process Order
6 min
Analyzing the Final Goods Receipt and Settlement of a Process Order
11 min
Quiz
Summarizing the Main Characteristics of the Make-to-Stock Production Process
Recalling the Make-to-Stock production process in Production Accounting
31 min
Recalling the Cost Objects used in Lot-based Production Processes (Make-to-Stock scenario)
11 min
Recalling the Main Characteristics of the Event-based Production Process
11 min
Quiz
Performing Production Accounting for Production Orders
Detailing a Production Order from a Management Accounting Perspective
41 min
Analyzing Costs from Goods Issue and Activity Confirmation to a Production Order
36 min
Analyzing Costs from Partial Goods Receipts to a Production Order
21 min
Analyzing Costs from Final Goods Issue to a Production Order
16 min
Analyzing Costs from Final Confirmation and Final Goods Receipts to a Production Order
16 min
Analyzing the Settlement of a Finally Delivered Production Order
31 min
Analyzing the Error Handling Process
11 min
Quiz
Performing Production Accounting for Process Orders
Describing the Joint Production scenario
31 min
Detailing a Process Order from a Management Accounting perspective
11 min
Analyzing Costs from Goods Issue and Activity Confirmation to a Process Order
16 min
Analyzing Costs from Final Confirmation to a Process Order
6 min
Analyzing the Final Goods Receipt and Settlement of a Process Order
11 min
Quiz
Knowledge quiz
It's time to put what you've learned to the test, get 8 right to pass this unit.
1.
In the leading co-product's master recipe, only the leading product is listed with a negative sign.
Choose the correct answer.
True
False
2.
Actual costs are directly posted to the order items in a process order.
Choose the correct answer.
True
False
3.
Event-based variance calculation is performed at the order header level.
Choose the correct answer.
True
False
4.
What happens to the WIP calculation when the process order is finally delivered?
Choose the correct answer.
WIP calculation is temporarily suspended
WIP costs are increased by a fixed percentage
WIP calculation clears any remaining WIP and production variances are calculated
WIP costs are recalculated based on new material costs
5.
Which of the following master data elements are only created for the leading co-product?
There are three correct answers.
Process Order
Master Recipe
Apportionment Structure
Product Master Data
6.
What is the result of an activity confirmation to a process order?
Choose the correct answer.
Direct material costs are posted to the process order and distributed from the order header to the order items.
Direct production costs are posted to the process order and distributed from the order items to the order header.
Direct production costs are posted to the process order and distributed from the order header to the order items.
7.
What happens to the actual costs of the process order header after event-based cost distribution to order items?
Choose the correct answer.
They remain unchanged
The order header’s actual balance increases
The order balance is cleared
8.
What is the purpose of the apportionment structure in the leading co-product's material master?
Choose the correct answer.
To determine the number of co-products used
To distribute costs among individual co-products
To control by-products
To categorize materials as intra-materials
9.
Which of the following costs are posted and calculated at the order item level?
Choose the correct answer.
Material costs
Production costs
Event-based overhead costs
Event-based WIP
10.
What is the main purpose of a master recipe in process manufacturing?
Choose the correct answer.
To distribute costs from order header to order items.
To provide a detailed guide for the production process, like a cooking recipe.
To decrease the effort of maintaining master data.