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