SAP Updated C_TS412_2021 Exam Questions and Answers by jannah

To control whether a project stock is managed as valuated or non-valuated project stock, you have to maintain the setting in the material master. The material master is a set of data that defines the characteristics and properties of a material that can be produced or procured. The material master contains various views that store different types of information about a material, such as basic data, sales data, purchasing data, accounting data, and so on. In the accounting view of the material master, you can specify whether a material is relevant for valuated project stock or not by using the Valuation category field. The valuation category is a parameter that determines how a material is valuated in different stock accounts. If you select Q as the valuation category for a material, it means that the material is relevant for valuated project stock and its value is updated in Financial Accounting. If you leave the valuation category blank for a material, it means that the material is relevant for non-valuated project stock and its value is not updated in Financial Accounting. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

Controlling area, plant, and company code are some of the organizational structures required for network activities. Controlling area is an organizational unit that represents a closed system for cost accounting purposes. Plant is an organizational unit that represents a location where materials are produced or services are provided. Company code is an organizational unit that represents an independent accounting entity with its own balance sheet and profit and loss statement. Reference:https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

To control whether the delivery date for an external component assigned to a network activity is defined by the earliest or latest scheduled dates, you can use the scheduling parameters for the network. An external component is a material component that is required for executing a network activity and that is procured externally from vendors or other plants

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