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

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

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