SAP C_TS4CO_2023 Practice Test - Questions Answers

A reference variant (option A) allows you to create a new standard cost estimate using the quantity structure of an existing one. This enables consistency and efficiency in standard costing within SAP S/4HANA.

Additional CO versions can store data for parallel valuations (option B) and different planning scenarios (option C). This supports flexibility in budgeting and planning, especially for organizations with multiple reporting requirements.

Budget availability control in SAP S/4HANA allows checking funds based on overall plan value (option C) and tolerance limits (option D). These checks ensure effective budget management across projects and internal orders.

SAP S/4HANA Cloud Private Edition encourages clean core integrations using modern API frameworks such as SOAP and OData. These APIs provide robust and standardized connectivity options that support extensibility and integration, without modifying the core SAP codebase. OData, in particular, aligns with SAP Fiori for easier integration across platforms, while SOAP offers strong support for more complex integrations and high-volume transactions.

In SAP S/4HANA, activity-based costing templates allow organizations to assign costs more accurately based on real activities and processes. Both business processes and cost center/activity type combinations are integral to this approach, ensuring precise allocation of overhead costs to activities directly involved in production or service processes.

SAP's clean core guiding principles involve reducing custom code modifications and using release management to maintain a manageable and upgradeable SAP environment. Integrating clean core practices throughout the process chain and defining roles for transformation are key to sustaining streamlined operations within SAP S/4HANA.

In SAP S/4HANA, values such as condition pricing and cost of goods sold (COGS) are transferred to costing-based Profitability Analysis. This enables profitability reports with detailed insights on revenue and costs at granular levels, helping businesses analyze performance more effectively.

SAP S/4HANA consolidates both primary and secondary costs within the universal journal in the general ledger, ensuring a streamlined and comprehensive approach to financial reporting. This unified approach enables transparent cost tracking and efficient integration between Financial Accounting (FI) and Management Accounting (CO).

Time-based fields in SAP S/4HANA are essential for configuring cost centers and activity types, allowing changes in validity periods and assignments. This enables better tracking and management of resource planning over time.