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