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Test your basic knowledge |
SAP Accounting
Start Test
Study First
Subject
:
it-skills
Instructions:
Answer 38 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Many Company Codes can use the same Chart of Accounts but the __________ must be the same.
Controlling area
Posting Key
General ledger structure
Create a template
2. The functions of an account group: classify; __________; field status
User-defined segments
Smallest
Number ranges
General Ledger
3. Takes much of its data from MM
Accounts Payable Accounting
Country dependent
Same COA and FYV
Management Accounting
4. The two segments of the _______________: COA segment (high-level); Company Code segment (low-level)
Posting Key
Business Area
Controlling area
General Ledger master record
5. Advantages of the _____________: extended infrastructure; multiple ledgers; document split; real-time integration
Company Code dependent
New General Ledger
Accounts Payable Accounting
Controlling area
6. A single segment record where each asset is assigned to a company code - cost center - business area and so on.
Posting Key
Accounts Payable Accounting
Profit centres
Asset master data records
7. Connect subledger accounts to the General Ledger in real time?
General Ledger master record
Same COA and FYV
General Ledger
Reconciliation accounts
8. Company codes are usually created based on _______.
Location
General template
Externally focused
General Ledger master record
9. The components of the ____________: header; template; line items; info area
Number ranges
G/L Account Posting screen
Create a template
Controlling area
10. Includes definitions of General Ledger accounts including Account Number - Account Designation - and Account Categorization (Income statement or balance sheet account). (T/F) TRUE
Costs
Location
The Chart of Accounts
Reconciliation accounts
11. Requires at least one Company Code.
Management Accounting
Costs
Business Area
SAP ECC
12. Ensures real-time integration of a subledger in ECC.
User-defined segments
Specific template
Reconciliation accounts
Business Area
13. Four elements of Financial Accounting: 1. AR 2. ____ 3. Fixed Asset Accounting 4. Bank Accounting
AP
Specific template
Posting Key
General Ledger accounts
14. Chart of accounts is a __________.
General template
Costs
Management Accounting
Vendor master records
15. Financial Accounting reporting is ________.
Number ranges
General Ledger
Specific template
Country dependent
16. Business Areas are not _________.
Number ranges
Costs
General template
Company Code dependent
17. Account groups classify GL accounts into _____________.
General template
Vendor master records
User-defined segments
Profit centres
18. Costs and revenues from Financial Accounting act as an input in ___________.
Management Accounting
Account Groups
General Ledger master record
The Chart of Accounts
19. here is only one _______.
Controlling area
The Chart of Accounts
COA / Company Code
General template
20. Classification of accounts; number segment ranges; company code segment
Account Groups
General Ledger master record
Asset master data records
GL
21. Financial accounting is ___________ concerned with revenue and expense reporting.
Create a template
Profit centres
Externally focused
Reconciliation accounts
22. Company Codes are set up within ______________.
General Ledger master record
New General Ledger
AP
Client/company code/business area
23. Balance Sheets and P&L statements can be produced for____________ with the New G/L.
G/L Account Posting screen
Profit centres
User-defined segments
AP
24. Tells type of account; debit / credit; field status
Client/company code/business area
Profit centres
Asset master data records
Posting Key
25. Comprise a Chart of Accounts segment and a Company Code segment.
General Ledger accounts
Profit centres
New General Ledger
Posting Key
26. A self contained organisational structure for which costs and revenues can be managed and allocated.
Controlling area
GL
Profit centres
Asset master data records
27. More than one Company Code can be assigned to a Controlling Area as long as a number of prerequisites are satisfied.
Business Area
Reconciliation accounts
Same COA and FYV
Reconciliation accounts
28. Each Company Code is assigned to one Chart of Accounts but many Company Codes can use the same ___________.
CO
General template
Costs
Chart of Accounts
29. Responsible for internal costing.
CO
Accounts Payable Accounting
Location
Controlling area
30. Managed at Company Code
General Ledger
SAP ECC
Company Code dependent
AP
31. Purpose is external reporting of revenues and expenses.
The Chart of Accounts
Profit centres
Financial Accounting
Reconciliation accounts
32. Organisational Units used for internal purposes to create balance sheet and profit and loss statements or alternatively can be used to meet external segment reporting requirements.
GL
COA / Company Code
Business Area
Vendor master records
33. Have different segments at the organisational levels of client - company code and purchasing organisation.
GL
Business Area
G/L Account Posting screen
Vendor master records
34. The GL is more ________.
Management Accounting
Controlling area
AP
Specific template
35. Set up according to the COA
Smallest
GL
Number ranges
General ledger structure
36. Chart of accounts are used to _______ for the general ledger.
Create a template
Reconciliation accounts
Posting Key
Reconciliation accounts
37. Company Code is the ________ SAP entity that support a full legal set of books.
The Chart of Accounts
General Ledger
User-defined segments
Smallest
38. Management accounting is internally focused on ______.
Controlling area
Costs
Management Accounting
Smallest