In 1:n assignments, the operational charts of accounts in all assigned company codes and in the controlling area must be the same.
The charts of accounts must be the same.
Explain what is posting key and what does it control ?
In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key'Posting key determines:a) Account Typesb) Types of posting. Debit or Creditc) Field status of transaction
The currency of the controlling area must always be the same as the currency of the company code.
In cross-company assignments, every company code can be processed in its own currency. You are free to select the controlling area currency.
[CO-OM-CCA] When a cost center is created, certain basic data must be entered. Which of the following are needed when creating a cost center.
A. Assignment to company code B. Validity period
C. Assignment to cost element D. Selection of activity unit
E. Cost center category
Answer : A , B , E
[CO-OM-CCA] Certain postings to a cost center can be blocked using a cost center indicator. Which of the following blocking indicators can be selected?
A. Material withdrawals B. Primary costs actual/plan
C. Revenues actual / plan D. Secondary costs actual/plan
Answer : B , C , D , E
Which three entries have to be made to define the overhead structure completely?
A. Accrual object(s) B. Overhead rates
C. Deferral object(s) D. Base cost element(s)
E. Overhead element(s)
Answer : A , B , D
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