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. Purpose is external reporting of revenues and expenses.






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






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






4. Business Areas are not _________.






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






6. Managed at Company Code






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






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






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






10. Financial Accounting reporting is ________.






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






12. Account groups classify GL accounts into _____________.






13. Management accounting is internally focused on ______.






14. Chart of accounts is a __________.






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






16. 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.






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






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






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






20. The GL is more ________.






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






22. Takes much of its data from MM






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






24. Company codes are usually created based on _______.






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






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






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






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






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






30. Company Codes are set up within ______________.






31. Set up according to the COA






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






33. here is only one _______.






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






35. Requires at least one Company Code.






36. Responsible for internal costing.






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






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