Quiz - Controlling Part 1.docx

Name: Date: 1. It provides you with information for management decision-making. It facilitates coordination, monitoring and optimization of all processes in an organization. This involves recording both the consumption of production factors and the services provided by an organization. a. Financial Accounting b. Controlling c. Management Accounting d. Cost Accounting 2. Which of the following are the valid currencies in Controlling? a. Controlling Area Currency b. Object Currency c. Transaction Currency d. All of the above 3. It is an organizational unit that represents a closed system used for cost accounting purposes. a. Company Code b. Controlling Area c. Cost Element Group d. Cost Center 4. A tree structure containing all the cost centers in a controlling area from the Controlling standpoint. This ensures that it contains all the cost centers in that controlling area. a. Standard Hierarchy b. Basic Configuration c. Company Code d. None of the above 5. Statement 1: The controlling area may be different from company code currency. Statement 2: Company code currency can be used as controlling area currency. a. First statement is true and second is false. b. First statement is false and second is true. c. Both statements are true. d. Both statements are false. 6. It can be maintained to specify which actions individual users are allowed to execute in SAP. a. Enterprise Organization b. Authorizations c. Controlling Methods d. Period Lock

7. It prevents further changes being made to plan and actual transactions in Controlling Area, fiscal year and version. a. Enterprise Organization b. Authorizations c. Controlling Methods d. Period Lock 8. Each component in Controlling uses specific _______________. a. Controlling Area b. Business Transactions c. Plan Amounts d. Actual Postings 9. The main task of controlling is ________. a. Planning b. Organizing c. Directing d. Staffing 10. Which of the following are the features of Controlling? a. Cost Element Accounting b. Internal Orders c. Product Cost Controlling d. All of the above

ANSWER KEY: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

B D B A C B D B A D