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