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