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Detailing Production Accounting by Order
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Performing Production Accounting for Production 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.
What is the result of an activity confirmation to a production order?
Choose the correct answer.
Direct material costs are posted to the production order, debiting the production order and crediting a production cost center.
Direct production costs are posted to the production order, crediting the production order and debiting a production cost center.
Direct production costs are posted to the production order, debiting the production order and crediting a production cost center.
2.
What is the effect of a partial goods receipt on the production order status?
Choose the correct answer.
The order status is updated to Finally Delivered.
The order status is updated to Partially Delivered (PDLV).
The order status is updated to Completed.
The order status is updated to Released.
3.
Which app is the first entry point to analyze order costs, including overhead, activities, and WIP costs on a high level?
Choose the correct answer.
Display Line Items – Production Accounting
Analyze Production Costs – Event-Based
Display Journal Entries – New Version
4.
Target costs in production orders adjust planned costs based on actual quantities and are essential for identifying variances.
Choose the correct answer.
True
False
5.
What is the effect of a final goods issue on the production order?
Choose the correct answer.
The goods issue increases the direct production costs.
The goods issue does not affect the order costs.
The goods issue increases the direct material costs.
The goods issue decreases the WIP balance.
6.
Which costs are instantly calculated and posted to the production order in the event-based approach?
Choose the correct answer.
Only material overhead costs based on direct material costs posted.
Only production overhead costs based on direct production costs posted.
Overhead costs based on the material and production costs posted. Additionally, event-based WIP costs are calculated.
Direct production costs only
7.
What is the immediate effect of a goods receipt for finished goods on the production order?
Choose the correct answer.
Debits the production order with the delivery value
Credits the production order with the delivery value
Updates the order status to Partially Delivered without any posting.
8.
For a production order, what does a final goods receipt trigger in event-based production accounting?
Choose the correct answer.
Only update of inventory stock levels
Event-based settlement and variance postings
Movement of WIP to stored finished goods
9.
How does event-based Production Accounting impact production orders?
There are two correct answers.
Allows real-time WIP calculation
Redundancies overhead calculation
Enables automatic variance postings at delivery
Requires manual variance posting at order completion
Fully automates cost analysis of each production step
10.
What is the typical price used for calculating the delivery value upon a (partial) goods receipt to a production order?
Choose the correct answer.
Moving average price
Standard price obtained from the material master
Target cost price
Cost rates defined for an activity type