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