QUESTION: 1
State the importance of the fiscal year variant in an operating concern.

A. The variant you choose for the operating concern must agree with that of the other areas.
B. Each controlling area assigned to the operating concern and each company code assigned to
each of those controlling areas can have its own fiscal year variant.
C. The fiscal year variant determines the number of posting periods for each fiscal year.

Answer(s): A, B, C
QUESTION: 2
Characteristic derivation signifies the process to determine the characteristic values for all CO-
PA characteristics

A. False
B. True

Answer(s): B
QUESTION: 3
Costing-based CO-PA stores its transaction data in the transaction data tables for Overhead
Cost Management

A. True
B. False

Answer(s): B
QUESTION: 4
How are production variances calculated?

A. None
B. The difference between the actual costs of goods manufactured and standard costs

Answer(s): B
QUESTION: 5
A_____ consists of a number of different steps, which derive different characteristic values

A. derivation strategy
B. Plant
C. Controlling area
D. Company Code

Answer(s): A