Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this week.

How are costs posted to a customer project shown in the contribution margin scheme?

Choose the correct answer.

As costs of goods sold

As other expenses

As overhead costs

As other income

What happens to the costs posted to a direct cost project?

Choose the correct answer.

They are reallocated to the requesting unit.

They are reallocated to the responsible unit.

They stay on the project.

They are absorbed by overhead cost projects.

The system offers an automated accrual method determination for sales order items. What can you use to influence how the accrual method is determined?

There are three correct answers.

The company

The set of books

The product

The project

The customer

How does the system react when revenue recognition is turned on, but no accrual method is assigned to a sales order item?

Choose the correct answer.

Costs are posted as costs of goods sold. However, there is an intermediate posting to a balance sheet account that is immediately recognized.

Costs are written off.

Costs are accrued.

Costs are deferred.

Time is recorded for an overhead cost project. Which posting reallocates the costs to the requesting cost center?

Choose the correct answer.

Settlement

Overhead absorption

Material consumption

Internal service confirmation

Is there a way in SAP Business ByDesign to manually overwrite system-determined accruals and deferrals?

Choose the correct answer.

No.

Yes, you can choose the accrual method "Recognize based on manual amounts" and manually provide the amounts for sales order items.

Yes, you can choose the accrual method "Reverse deferrals and accruals" and manually provide the amounts for sales order items.

Yes, you can overwrite system-determined values any time, independent of the accrual method.

What is the valuation sequence for actual costs of internally delivered services?

Choose the correct answer.

1. Labor resource cost rate of the employee 2. Service cost rate of the service rendered

1. Service cost rate of the service rendered 2. Labor resource cost rate of the employee

1. Payroll information of the employee 2. Labor resource cost rate of the employee 3. Service cost rate of the service rendered

1. Payroll information of the employee 2. Service cost rate of the service rendered 3. Labor resource cost rate of the employee

What is the valuation sequence for planned costs of externally sourced materials?

Choose the correct answer.

1. Price from latest purchase order with reference to the project 2. Price from latest purchase order without reference to the project 3. Price from fixed source of supply 4. Price from contract 5. Price from price list

1. Price from latest purchase order without reference to the project 2. Price from latest purchase order with reference to the project 3. Price from fixed source of supply 4. Price from contract 5. Price from price list

1. Price from the project 2. Price from latest purchase order without reference to the project 3. Price from latest purchase order with reference to the project 4. Price from contract 5. Price from price list

1. Price from request for proposal (RFP) 2. Price from project 3. Price from purchase order for that material 4. Price from contract 5. Price from price list

Which of the following invoices are supported by multi-customer projects?

There are two correct answers.

Invoices created from project invoice requests

Manual customer invoices

Sales order-based customer invoices

Invoices created from invoice templates

10.

Which of the following activities are part of the five-step model, which needs to be applied to all contracts with customers under IFRS15 / ASC606?

There are three correct answers.

Identify the separate performance obligations in the contract.

Recognize the revenue of a performance obligation when this performance obligation is satisfied.

Allocate the transaction price to the performance obligations.

Screen customer for sanctions.

Recognize revenue only when the last performance obligation is satisfied.