The "SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7" certification exam verifies that the candidate possesses the required fundamental knowledge and proven skills in the area of SAP ERP Management Accounting. It validates that the candidate has a good overall understanding within this consultant profile and can implement this knowledge practically in projects under guidance of an experienced consultant. This certificate is the ideal - although not mandatory - prerequisite for the qualification to SAP Certified Professional in Management Accounting. It is recommended as an entry-level qualification to allow consultants to get acquainted within Management Accounting projects.
SAP CO Exam Details
Exam Name: SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7
Exam Code: C_TFIN22_67
Exam Price: $500 (USD)
Duration: 180 mins
Number of Questions: 80
Passing Score: 56%
Schedule Exam: SAP CO Certification Sample Question
Recommended Practice: SAP CO Certification Practice Exam
1) Explain Integration of CO with its Components and Other SAP Modules.
The CO module is integrated with FI, SD, AA, PP, MM, and HR:
FI is the primary source of data for CO. All expenses, posted in FI, flow to CO through the primary cost elements to the proper cost centers. Likewise, postings in Asset Accounting are also passed on to CO.
Revenue postings in FI would result in postings in CO-PA and also in EC-PCA.
The SAP SD, SAP MM, and SAP PP modules have many integration points in CO. Goods issue (GI) to a controlling object or GR from a production order are some examples of integration. These SAP modules are tightly integrated as consumption activities, cost of goods issued, material costs, overhead charges, etc., which are passed on to production objects such as PP production order or sales order. The WIP and the variances, at period ends, are settled to CO-PA, CO-PCA, and also to FI. Revenues are directly posted when you create billing documents in SD if the sales order is a cost object item.
The HR module generates various types of costs to be posted in CO. Planned HR costs can also be passed on for CO planning.
2) What is a Cost Object?
A CO Account Assignment Object, in SAP, denotes a unit to which you can select objects. It is something like a repository in which you collect costs, and, if required, move the costs from one object to another. All the components of CO have their cost objects such as cost centers, internal orders, etc.
The cost objects decide the nature of postings as to whether they are real postings or statistical postings. All the objects that are identified as statistical postings are not estimated cost objects (for example, profit centers).
3) Differentiate Statistical Postings and Between Real in CO.
The CO account assignment objects decide the type of postings allowed. They can be statistical or real postings.
Real Postings enable you to settle further/allocate those costs to any other cost object in CO, either as senders or as receivers. The objects that are entitled to have real postings include:
Cost CentersInternal Orders (Real)Projects (Real)NetworksProfitability SegmentsPP—Production Orders
Statistical Postings, on the other hand, are only for information purposes. You won't be able to further allocate/settle these statistical costs to other cost objects. Examples of such objects include:
Statistical (Internal) OrdersStatistical ProjectsProfit Centers
4) How do You Define Number Ranges in CO?
You will be needed to define, for each of the controlling areas, the Number Ranges for all transactions that will make documents in CO. Once done for a controlling area; you can copy from one controlling area to other controlling areas when you have more than one such area.
To avoid numerous documents, SAP recommends grouping multiple but related transactions and then assigning number ranges to this group. Further, you may make a different number ranges for a plan and actual data. As in FI, the number ranges can be external or internal. The document number ranges in CO are free of fiscal years.
5) How Does Master Data Vary from Transaction Data in CO?
The Master Data stays unchanged over a long period, whereas Transaction Data are short-term. The transaction data are assigned to the master data.
Though you normally make the master data from transactions, note that you will be able to make these records from the configuration side as well. When you require to make a large number of master data, you may use the collective processing option to make related master records in one step. SAP puts master data in groups for easy maintenance.
6) What is a Cost Element?
Cost Elements describe the origin of costs. There are two types of cost elements:
Primary Cost ElementsSecondary Cost Elements
7) What is the Primary Cost Element?
Primary Cost Elements represent the consumption of production factors such as human resources, raw materials, utilities, etc. Primary cost elements have their identical GL accounts in FI. All the revenue/expense accounts in FI correspond to the primary cost elements in CO. Before you can create the primary cost elements in CO, you first need to make them in FI as GL accounts.
Note that SAP treats revenue elements also as primary cost elements in CO processing. The only difference is that all the revenue elements are recognized with a negative sign while posting in CO. The revenue elements compare to the revenue accounts in FI, and they fall under the cost element category, category 01/11.
8) What is the Variance Analysis in CO-OM-CCA?
Variance Analysis is the interpretation and determination of the difference between the actual and planned costs in cost center accounting. The analysis is intended to provide essential clues to top management to plan much later.
9) What are the Categories of Diversity in CO-OM-CCA?
SAP helps to organize all variances into two categories:
Input VarianceOutput Variance
10) Define the Input What are All the Standard Reports in CO?
SAP comes delivered with some Standard Reports in the CO module. The reports are grouped under:
Planning reportsComparison reportsLine item reportsReport on activity pricesReports for variance analysisMaster data reportsDocument display
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