MISY 5340 questions and answers graded A+ 2023/2024

MISY 5340Cost centers describe organization units, in which costs occur. - correct answer True Which of the following statements is true? - correct answer Primary costs types are used to establish links between FI and CO and enable the exchange of information between financial accounting and controlling The same thing again. Which of the following statements is true? - correct answer Both statements are true Cost categories facilitate work with primary account types only - correct answer False - They can facilitate work with secondary account types as well. Which of the following is a G/L account type? - correct answer Reconciliation accounts Which of the following three graphics describes a product cost controlling process correctly? (To increase the size of the picture, click on the particular picture.) - correct answer (B) Graphic 2 Which of the following two statements is true? - correct answer In product cost controlling, the production costs and the prime costs per unit are calculated. Using price updating, the result of the product costing is transferred to the material master record. - correct answer True Which of the following three graphics describes a cost center accounting process? (To increase the size of the graphic, click on the particular picture). - correct answer (A) Graphic 1 Which of the following three processes steps takes place at the beginning of cost center accounting process? - correct answer Create Cost Center The cost center represents an organizational unit within a costing area and specifies a set of locations for cost incurrence. - correct answer False - The cost center specifies a well-defined place of cost incurrence. The differentiation of cost centers occurs only spatially. - correct answer False - The differentiation of cost centers can incur functional, billing related, spatially or according to cost responsibility as well. internal cost and performance flows are billed using secondary cost elements in an SAP ERP-System. - correct answer True A cost type classifies the purpose-driven and rated consumption of production factors within a costing area. - correct answer True Activity types are organizational units within the controlling area, which classify the performance of const center. - correct answer True