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