SAP Material Accounting Overview

Test Questions and Answers

1. Identify sub-modules of SAP for each purpose

1. External Financial Reporting

2. COGS by component Split
3. Cash flow Reporting
4. Internal Division of responsibility for Company's Financial Goals.
5. Analysis of market segments by profitability.
6. Value by item of Inventory

2. In SAP Inventory is seen under Cost Centres . True / False ?

2. What are the determinants of Material valuation in SAP ?

a. Only Material Type configuration

b. Only Material Master settings
c. Purchase Order account assignment category
d. Movement types
e. All of the above

3. What does the valuation variant 'V' standard for ?

4. Which of the following events change material values ?

a. Material Receipt
b. Material Issue

5. What are the various ways in which costs are loaded to material ?

a. During reciept of goods,from Purchase order conditions

b. During receipt of goods , from Stock Transfer Order conditions
b. From the shipping cost document during the dispatch of goods
c. From issue of materials to a production order
d. Thru Material to Material conversion
e. From invoice verificaton
e. From the Plant Maintenance Order , thru the refurbishment process
f. Running the Material Ledger

6. What is the purpose of 'Valuation Type' in SAP ?

a. Maintain valuation of material by Valuation Category

b. Maintain whether the values are maintained at 'standard' or ' moving average'.
7. How costs are moved from a cost centre to a material ?

a. By passing JV debiting Inventory Accounts and Crediting Cost Centre

b. By Reversing material issue to a cost centre
c .By Confirming activity type quantities on the Production Order
d. By revaluation of materials

8. Where do the condition types on Purchase Orders get their values from ?

a. Manual entry in the Purchas order

b. Condition records

8. What is the entry that get passed in FI when Finished goods are received from a Production Order ?
And at what price taken from where the received material is valuated ?

9. What is the entry that get passed in FI when a Production Order is settled at the end of the month ?

10. What is a movement type ? Why is it important from the point of view of FI ?