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