SAP C_TS412_2021 SAP Certified Application Associate - SAP S/4HANA Project Systems Exam Practice Test

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

To update the degree of processing for an activity, you have to confirm the activity. Confirming an activity is an action that records the actual data for an activity, such as actual start and finish dates, actual work and costs, and actual degree of processing. The degree of processing is a percentage value that indicates how much of an activity has been completed. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

You have to consider that you can use an indicator to determine that only coded project numbers may be used within the project system. A coded project number is a project number that follows a predefined structure defined by a project coding mask. A project coding mask consists of a project coding key and a coding mask that specify the length and format of the project number and the WBS element numbers. You can use an indicator in customizing to restrict the creation of project numbers that do not follow a project coding mask. Reference:https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/df72bb53707db44ce10000000a174cb4.html

Settlement, progress analysis, and results analysis are some of the functions available for period end closing in SAP Project System. Settlement is used to allocate the costs andrevenues in projects or the results analysis data to one or more receivers, such as cost centers, profitability segments, or assets. Progress analysis is used to determine and compare the planned and actual project progress values, based on the overall planned costs and the work done. Results analysis is used to perform a periodic valuation of the project, based on the costs and revenues expected or incurred in the project. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

Billing plans are used for revenue planning in customer projects because they allow you to define billing dates and billing amounts for each project phase or milestone. Billing plans can also be used to create billing requests or invoices automatically based on the billing dates and amounts. Billing plans help you to plan and monitor the cash flow and profitability of your customer projects. Reference:https://help.sap.com/viewer/0c9a2f8f9c1b4a2e8b3f7d0c9b6e1d8a/2020.000/en-US/4c5f7a3e6b571014e10000000a174cb4.html

This is how earliest dates and latest dates of activities are scheduled in the SAP Project System. Earliest dates are scheduled by forward scheduling, and latest dates by backward scheduling. Forward scheduling is a method of scheduling activities from the start date of the project to the end date. Backward scheduling is a method of scheduling activities from the end date of the project to the start date. The earliest dates are determined by forward scheduling and the latest dates are determined by backward scheduling. This ensures that the activities are scheduled within the project duration and that any slack time is distributed evenly

User status profiles are used to define additional statuses for project objects that can control their business processes. User status profiles can allow business processes that are forbidden by SAP system status, such as releasing a project that is locked by SAP system status. User status profiles can also restrict setting user status for individual users by assigning authorization keys to user statuses. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

The sequence for the following business transactions and documents for external activities in a project is vendor selection -> purchase order creation -> service entry sheet creation -> service entry sheet approval. Vendor selection is a process that involves choosing a suitable vendor for providing external services for a project activity. Purchase order creation is an action that involves creating a document that contains the details of the service request and sending it to the vendor. Service entry sheet creation is an action that involves creating a document that records the delivery of services from the vendor and posting actual costs to the project. Service entry sheet approval is an action that involves checking and confirming the accuracy of the service entry sheet before paying the vendor. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

The system can activate requirements (such as reservations or purchase requisitions) in different ways, depending on the settings in customizing and master data. Some of these ways are:

• Immediately, by saving the project: This means that the system creates requirements for all materials assigned to WBS elements or activities as soon as you save the project. This option requires that you set the indicator “Requirements immediately” in customizing for your project profile.
• When releasing a network or an activity: This means that the system creates requirements for all materials assigned to a network or an activity when you release them. This option requires that you set the indicator “Requirements on release” in customizing for your network type or activity type. Reference: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html?&version=1909.002

To enable automatic assignment of material components to the project, you have to maintain the material master and the BOM item. The material master contains the data required for planning and procurement of materials. The BOM item contains the data required for assigning materials to a network activity or a WBS element. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

 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

To set up the requirement date for the component so that it will be in stock 5 days in advance of the assembly activity, you should set up the requirement date aligned with the activity start date and a negative offset of 5 days. The requirement date is the date on which a material component is required for an activity. The offset is a value that shifts the requirement date forward or backward from the activity start or finish date. A negative offset means that the requirement date is earlier than the activity date. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

“The typical sequence for the following business transactions and documents is: Vendor selection – Purchase order handling – Purchase order monitoring – Goods receipt – Invoice receipt.”References: 1

The receiver of the workflow item for confirmation variances in SAP Project System is the person responsible for the network activity. A workflow item is a function that allows you to automate and monitor business processes in SAP systems. A workflow item can be triggered by various events, such as status changes, deadline monitoring, or variance analysis. A confirmation variance is a difference between the planned and actual data of an activity or an activity element, such as dates, durations, work, costs, and so on. A confirmation variance can indicate a deviation from the project plan or a potential risk for the project completion. The receiver of the workflow item for confirmation variances in SAP Project System is the person responsible for the network activity. The person responsible is a partner function that identifies who is in charge of an activity or an activity element. The person responsible receives a workflow item when a confirmation variance exceeds a predefined threshold that is defined in Customizing for Project System under Confirmation Define Confirmation Parameters . The person responsible can then review and analyze the confirmation variance and take appropriate actions to resolve it. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/f373bb53707db44ce10000000a174cb4.html

“The EPS interface enables you to exchange data between SAP Project System and Microsoft Project.”References: 2

Dynamic item processor (DIP) is a tool that allows you to create sales order items automatically based on project data. Some of the features of DIP are: Sales prices are maintained in the DIP profile, which is a parameter that defines how sales order items are created and priced from project data. Sources can be based on line items, which means that you can use individual cost elements or revenue elements as sources for creating sales order items. Material determination is mandatory, which means that you have to assign a material number to each source in order to create sales order items. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html