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