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