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