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