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