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