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






2. Business Areas are not _________.






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






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






5. Set up according to the COA






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






7. Company Codes are set up within ______________.






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






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






10. here is only one _______.






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






12. Account groups classify GL accounts into _____________.






13. Requires at least one Company Code.






14. Purpose is external reporting of revenues and expenses.






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






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






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






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






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






20. Financial Accounting reporting is ________.






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






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






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






24. 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.






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






26. Responsible for internal costing.






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






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






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






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






31. Management accounting is internally focused on ______.






32. Chart of accounts is a __________.






33. Takes much of its data from MM






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






35. The GL is more ________.






36. Managed at Company Code






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






38. Company codes are usually created based on _______.