Management Accounting

management accounting contains all the funtions necessary for effective ____ and ____ controlling

profitability accounting components are integrated with ____ and _____

profit center accounting receives statistical posting from all other management accounting components. T/F

______ is a primary source of data for management accounting.

_____ is a primary source for revenue postings from billing documents to revenue postings in CO-PA and PCA.

in MM, ________ can create a cost posting in management accounting to whicever cost object is specified.

_________ created in management accounting can update price fields in material master records.

the creation of PO in MM can generate _______ postings within management accounting

______ and _____ created in manufacturing can be used in product cost accounting.

what is the basic organizational unit in management accounting?

more than one company code can be assigned to a controlling area,this enable controlling across company codes. T/F

______ represent a production unit and is the central organization unit in MM and PP.

what are three currencies use in management accounting?

Secondary cost elements are defined in FI and CO and are used for internal CO allocations (such as assesment or settlements). T/F

Secondary cost element have correspondence with G/L account in FI. T/F

what is cost center?

cost centers can be set up according to different design approaches including: _____;_____;_____;_____

what section that contains fields for the name and description of the cost center, the name of the responsible person or cost center manager, the department to which the cost center is assigned, and the profit center.

what fields that displays the standard hierarchy node to which the cost center is assigned.

each controlling area must have a unique standard hierarchy that includes every cost center created in operating concern. T/F

what field that identifies the purpose of the purpose of the cost center, such as production , service, sales, or adminstration ?

the close ties between management accounting and financial accounting are represent in ______ and _____ .

if a controlling area has more than one company code, we must specifiy the company code that is linked to each cost center. T/F

what is the function of activity type?

in an internall activity allocation the system calculates the associated cost based on the activity price and generates a debit to the sender and a credit to the receiver for both the quantity and costs. T/F

what is statistical key figure?

Statistical key figures can use as an allocation base for periodic allocation transactions, such as distribution or assessment, as well as for analysis purposes. T/F

statistical key figure has two categories fixed value and variable value. T/F

we need enter a new posting in fixed value whenever the value changes. T/F

the total value is not transferred to the following period but must be entered for each individual period. T/F

management accounting document has a unique number and contains ____;____;____

when a primary cost is initially posted to in management accounting, it is treated as __________.

any transactions that create cost movements within management accounting are balanced entries. T/F