It’s time to put what you’ve learned to the test, get 8 questions right to pass this unit.
Q1.
What are the main scenarios made possible by universal parallel accounting?
There are 4 correct answers.
A
Parallel valuation for single entities
B
Parallel valuations for consolidated views
C
Automated accrual calculations
D
Complete balance sheet per profit center
E
Multicurrency valuations
F
Different fiscal years per ledger
Q2.
Which of the below examples are reports created for internal managerial reporting purposes in controlling?
There are 2 correct answers.
A
Profit and loss statement
B
Balance sheet per operating segment
C
Actual vs planned production costs
D
Profit margin of North American mountain bike sales
E
Cash flow statement
Q3.
Which of the following questions can be answered by reports based on profit center accounting?
There are 2 correct answers.
A
What percentage of profit was contributed by e-scooter sales in North America?
B
What is the profitability quarter over quarter of the e-scooted business launched recently?
C
What was the return on my investment to upgrade the manufacturing plant in Germany?
D
How are the difficulties in the supply chain affecting the pipeline of e-bike sales in Southern Europe?
Q4.
To which master record are postings always statistical?
Choose the correct answer.
A
Cost center
B
WBS element
C
Profit center
D
Internal order
Q5.
In production planning, process steps are defined and costed based on which object?
Choose the correct answer.
A
Bill of materials
B
Routing
C
Overhead sheet
D
Activity type
Q6.
Data from which components have been rolled into the universal journal?
There are 4 correct answers.
A
Profitability analysis
B
Material ledger
C
Warehouse management
D
General ledger accounting
E
Production planning
F
Fixed asset accounting
Q7.
With event-based revenue recognition, revenues that traditionally would be considered unrealized are rolled into the financial results.
Choose the correct answer.
A
True
B
False
Q8.
Every morning in your manufacturing plant, to start up production, the production machines need 15 minutes and 10kW just to get going. This part of production is considered variable cost.
Choose the correct answer.
A
True
B
False
Q9.
Which object categorizes costs and revenues in margin analysis?
Choose the correct answer.
A
G/L account
B
Value field
C
Cost and revenue element
D
Statistical key figure
Q10.
In the case of a service make to order scenario, the service is allocated as an activity from the cost center providing the service to a sales order item.