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