SAP C_TS412_2021 Exam Dumps

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

Availability control is a budget function that can be used to check assigned values against the current budget. Availability control monitors whether the budget for a project is sufficient for planned and actual costs. Availability control compares the assigned values (such as commitments, actual costs, or funds reservations) with the current budget and issues warnings or errors if the tolerance limits are exceeded. Availability control helps you to prevent budget overruns and ensure compliance with budget policies. Reference: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/79ceb65334e6b54ce10000000a174cb4.html?&version=1909.002

To record external service activities with service master data, you can confirm the activities in the Cross-Application Time Sheet (CATS) or create a service entry sheet. Service master data is a set of data that defines the scope and details of a service to be performed by an external vendor for a project activity. Confirming the activities in CATS is an action that records the time spent on performing external services and posts actual costs to the project. Creating a service entry sheet is an action that records the delivery of external services and posts actual costs to the project. Reference: https://help.sap.com/doc/0f069b2e08b748f1b480d4c8b46c3c49/100/en-US/6a7a9f0a6e421014e10000000a174cb4.html

A template is a predefined structure that can be used to create a new project with network in the Project Builder (CJ20N). You can use different types of templates depending on your requirements and preferences. Some of these templates are:

Standard network: This is a template that contains predefined activities, relationships, milestones, and components for a network. You can use a standard network to create a new network with similar structure and content.

Standard Project definition: This is a template that contains predefined WBS elements, networks, activities, relationships, milestones, and components for a project. You can use a standard project definition to create a new project with similar structure and content.

Project definition: This is an existing project that can be used as a template for creating a new project with network. You can use a project definition to copy the entire structure and content of an existing project or only selected parts of it. Reference: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4dd8cb7b1c484b4b93af84d00f60fdb8/1ad4b65334e6b54ce10000000a174cb4.html?locale=en-US&state=PRODUCTION&version=2020.002