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