Get SAP C_TS412_2021 Exam Practice Questions - Real and Updated

Answer : D

Revenue planning and posting for WBS elements is a function that allows you to plan and record revenues for customer projects. The crucial prerequisite for this function is that a sales order item has to be assigned to each WBS element used for revenue planning. The sales order item serves as a reference object for revenue recognition and billing. You can assign a sales order item to a WBS element in the Billing Plan tab of the WBS element master data. Reference: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html?&version=1909.002

Answer : D

Availability control is a function that can be used to check assigned values against the current budget for WBS elements within your project. Availability control is a process that monitors whether budget overruns occur in your project and issues warnings or error messages if predefined tolerance limits are exceeded. You can activate availability control for individual WBS elements or for entire projects and define different tolerance limits for different types of costs or revenues. Reference: https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

Answer : D

To schedule a project that must be finished at a given due date, you should use backward scheduling. Backward scheduling is a type of scheduling that calculates the dates of project objects, such as WBS elements and networks, based on their dependencies and constraints, starting from a fixed end date and working backwards. Backward scheduling ensures that the project is completed by the due date and that any delays are identified as early as possible. Reference: https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

Answer : A, B, D

Period-end closing is a process that involves various activities to finalize the project costs and revenues at the end of a period. Some of the functions that are available for period-end closing in the Project System are:

Result analysis: This function allows you to calculate the work in process (WIP), reserves, and results for a project based on various methods and valuation rules. Result analysis also updates the financial accounting (FI) and controlling (CO) documents with the calculated values.

Progress analysis: This function allows you to measure and monitor the progress of a project based on various criteria, such as costs, revenues, dates, or quantities. Progress analysis also enables you to compare the planned and actual progress of a project and identify any deviations or delays.

Settlement: This function allows you to transfer the costs and revenues of a project to one or more receivers, such as cost centers, fixed assets, profitability segments, or sales orders. Settlement also clears the balances of the project objects and updates the corresponding accounting documents. Reference: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html?&version=1909.002

Answer : C

One reason to use expert mode in the valuation method for results analysis is usage of different line ID. Results analysis is a function that allows you to calculate and post values for work in process (WIP), reserves for unrealized costs (RUC), profit from sales order stock (PSOS), and so on. Results analysis uses valuation methods to determine how these values are calculated based on various criteria, such as cost of sales method, percentage of completion method, revenue-based method, and so on. Expert mode is a type of valuation method that allows you to define your own logic and rules for results analysis by using formulas and conditions. One reason to use expert mode in the valuation method for results analysis is usage of different line ID. A line ID is a parameter that identifies a line item in results analysis data. A line ID can have various attributes, such as cost element group, value category, posting indicator, and so on. By using expert mode in the valuation method for results analysis, you can use different line ID for different scenarios or requirements that are not covered by the standard valuation methods. Reference: https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html