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