SAP is widely used by many large organizations worldwide, and COPA is a critical module within the SAP ERP system. There is a constant need for professionals who can effectively implement, configure, and analyze financial data using SAP COPA. The following are some of the top SAP COPA interview questions and answers you can likely expect at your interview. Going through these questions thoroughly helps you to shine in your process.
If you're looking for SAP COPA Interview Questions and Answers for Experienced & Freshers, you are in the right place. There are a lot of opportunities from many reputed companies in the world. According to research SAP COPA has a market share of about 1.0%. So, You still have opportunities to move ahead in your career in SAP COPA. Mindmajix offers advanced SAP COPA Interview Questions 2023 that helps you in cracking your interview & acquire your dream career as SAP COPA Developer.
1. How does data flow through MM into FI?
2. How does data flow from PP into FI & COPA?
3. What do you mean by value field groups?
4. What are Characteristics Values?
5. What do you mean by fixed characteristic fields?
Ans: ‘Period Based Accounting’ is Accrual Accounting and ‘Cost of Sales’ is ‘Cost of Goods Sold’ Accounting.
“Period based” means that during the month or period, all and only actual events/transactions are posted in the appropriate period. At the end of the period estimated accruals and deferrals are made and posted to that posting period to give a more accurate view of profit.
IE any expected revenues and expenditures that should relate to the current period are accrued for and equally any prepaid expenses or revenues are deferred to the next period. (Accruals and Deferrals are posted temporarily, usually to special accounts, and reversed prior to the next period's end.)
These accruals and deferrals are usually done at a fairly high level of summarization (eg: at company or business area). The FI Ledgers and financial statements etc are always period-based.
Cost of Sales in SAP means that we attempt to record or rather report the “costs of sales” against the actual sale at as low a level as possible and during the period. (In CO-PA this is down to a transaction level.) This enables the company to get a reasonably accurate view of profitability on a real-time basis.
This is done by using either standards or estimates for many of the components that make up the “cost of goods sold”. Any variations from the standards are usually posted through to the cost of sales system either at month-end or when they occur.
For example A product cost estimate might be used to calculate and post a manufactured cost through to CO-PA when every sale goes through. The actual production order variances from the product cost estimate can then be settled to a separate line in CO-PA. This has the benefits that a reasonably accurate gross profit could be reported in real-time at a transaction level and of course therefore at all the characteristic levels in CO-PA.
The impact of any abnormal variances in production can quite clearly be seen and analyzed separately from the normal profitability of a product.
The normal SD document flow is as follows:
Thorough Assessments. Allocates costs from cost centers to profitability segments.
Ans: Through Account assignment model OKB9. Automatic postings created in materials management can be passed on to CO-PA by means of automatic account assignment to a profitability segment.
Ans: Through Production Variances. It Posts variances from the production (product cost) estimates or standards to the GL accounts and to Profitability Analysis if real costs are required (vs standard costs). Standard cost figures would have been used to update Stock and Cost of Goods sold figures when the finished stock was issued from the production runs.
Ans: Value Field Groups represent the possible combinations of value fields in an operating concern. Value field groups are used to specify:
You plan your data for the characteristics of the Product, Product group, and Customer group. You define three planning levels for which planning data is to be entered: Customer group/product group (independent of the product), product/product group(independent of the customer group), and product/product group/customer group(the lowest, most detailed level). By using transaction-based top-down distribution, you can ensure that all planning data is saved at the lowest level
Ans: Characteristics are aspects on which we want to break down the profit logically such as
Ans: Predefined characteristic fields in the SAP R/3 system, which are obvious, are known as fixed characteristic fields such as product, sales org, and customer
Ans: Up to 50 non-fixed characteristics can be added to an operating concern. E.g. Bill-to-party
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