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