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






2. Company Codes are set up within ______________.






3. Responsible for internal costing.






4. 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.






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






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






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






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






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






10. Chart of accounts is a __________.






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






12. Managed at Company Code






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






14. Account groups classify GL accounts into _____________.






15. Business Areas are not _________.






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






17. Financial Accounting reporting is ________.






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






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






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






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






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






23. Set up according to the COA






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






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






26. Management accounting is internally focused on ______.






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






28. Requires at least one Company Code.






29. Company codes are usually created based on _______.






30. Takes much of its data from MM






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






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






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






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






35. here is only one _______.






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






37. Purpose is external reporting of revenues and expenses.






38. The GL is more ________.