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