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