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