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