C_TS412_2021 Practice Exam Questions and Answers

You can create several WBS elements per level.” According to SAP Help Portal2, “You can assign a WBS element of the new project to a different project definition.” According to SAP Help Portal3, “WBS elements can be planning elements, account assignment elements, and billing elements at the same time.”References: 123

If you are using WBS elements and activities are not assigned, you can always maintain the actual start and finish date of a WBS element manually or automatically. However, you can only maintain the actual start if the WBS element has the status “Released” or “Partially released”, which means it is ready for processing or partially ready for processing. You can maintain the actual finish regardless of the status of the WBS element. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

The approval of a service entry sheet and the approval of a goods receipt are both transactions that can be used to post actual costs for external processing.”References: 3

Saving a supplier invoice and saving a service entry sheet are some of the actions that can transfer actual costs for external processing. External processing is a process that involves procuring services from external vendors for project activities. Saving a supplier invoice is an action that records the payment request from a vendor for the services performed and posts actual costs to the project. Saving a service entry sheet is an action that records the delivery of services from a vendor and posts actual costs to the project. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

Period-end closing is a process that involves various activities to finalize the project costs and revenues at the end of a period. Some of the functions that are available for period-end closing in the Project System are:

• Result analysis: This function allows you to calculate the work in process (WIP), reserves, and results for a project based on various methods and valuation rules. Result analysis also updates the financial accounting (FI) and controlling (CO) documents with the calculated values.
• Progress analysis: This function allows you to measure and monitor the progress of a project based on various criteria, such as costs, revenues, dates, or quantities. Progress analysis also enables you to compare the planned and actual progress of a project and identify any deviations or delays.
• Settlement: This function allows you to transfer the costs and revenues of a project to one or more receivers, such as cost centers, fixed assets, profitability segments, or sales orders. Settlement also clears the balances of the project objects and updates the corresponding accounting documents. Reference:https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html?&version=1909.002

Billing plans can be created for WBS elements and sales order items. Billing plans areused to define billing dates and billing amounts for periodic or milestone billing. WBS elements can be assigned to billing plans if they are assigned to a sales document item or if they have a billing element indicator set. Sales order items can be assigned to billing plans if they have a relevant item category and billing relevance. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

The scheduling of internal processing activities is influenced by several factors, such as the control key, the activity elements, and the factory calendar. The control key is a parameter that defines the basic properties of an activity, such as whether it is internally or externally processed, whether it requires confirmation or not, and whether it is relevant for scheduling or not. The scheduling indicator in the control key determines whether an activity is included in scheduling or not. The activity elements are subordinate units of an activity that represent partial tasks or work packages. The relationships between activity elements define the logical sequence and dependencies of the partial tasks. The factory calendar is a parameter that defines the working days and holidays for a work center. The factory calendar affects the duration and dates of an activity that uses the work center. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

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

User status profiles are used to define additional statuses for project objects that can control their business processes. You can assign user status profiles for WBS elements in the project profile, which is a template for creating projects with similar characteristics. You can also assign user status profiles for WBS elements in the project type, which is a classification of projects according to their objectives and characteristics. You can also assign user status profiles for WBS elements in the operative WBS element itself, which is a structural element of a project that represents a task or a partial task. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html