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