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