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