Test your basic knowledge |

SAP Accounting

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. Account groups classify GL accounts into _____________.






2. Ensures real-time integration of a subledger in ECC.






3. Comprise a Chart of Accounts segment and a Company Code segment.






4. Tells type of account; debit / credit; field status






5. A single segment record where each asset is assigned to a company code - cost center - business area and so on.






6. Company Code is the ________ SAP entity that support a full legal set of books.






7. Requires at least one Company Code.






8. Chart of accounts are used to _______ for the general ledger.






9. here is only one _______.






10. Balance Sheets and P&L statements can be produced for____________ with the New G/L.






11. Each Company Code is assigned to one Chart of Accounts but many Company Codes can use the same ___________.






12. Managed at Company Code






13. Costs and revenues from Financial Accounting act as an input in ___________.






14. 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.






15. Company Codes are set up within ______________.






16. Responsible for internal costing.






17. The functions of an account group: classify; __________; field status






18. The two segments of the _______________: COA segment (high-level); Company Code segment (low-level)






19. The components of the ____________: header; template; line items; info area






20. Business Areas are not _________.






21. Have different segments at the organisational levels of client - company code and purchasing organisation.






22. Four elements of Financial Accounting: 1. AR 2. ____ 3. Fixed Asset Accounting 4. Bank Accounting






23. Financial accounting is ___________ concerned with revenue and expense reporting.






24. More than one Company Code can be assigned to a Controlling Area as long as a number of prerequisites are satisfied.






25. Company codes are usually created based on _______.






26. Connect subledger accounts to the General Ledger in real time?






27. The GL is more ________.






28. Takes much of its data from MM






29. Includes definitions of General Ledger accounts including Account Number - Account Designation - and Account Categorization (Income statement or balance sheet account). (T/F) TRUE






30. Management accounting is internally focused on ______.






31. A self contained organisational structure for which costs and revenues can be managed and allocated.






32. Financial Accounting reporting is ________.






33. Advantages of the _____________: extended infrastructure; multiple ledgers; document split; real-time integration






34. Classification of accounts; number segment ranges; company code segment






35. Many Company Codes can use the same Chart of Accounts but the __________ must be the same.






36. Purpose is external reporting of revenues and expenses.






37. Set up according to the COA






38. Chart of accounts is a __________.