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