Test your basic knowledge |

SAP Accounting

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. Each Company Code is assigned to one Chart of Accounts but many Company Codes can use the same ___________.






2. More than one Company Code can be assigned to a Controlling Area as long as a number of prerequisites are satisfied.






3. Company Code is the ________ SAP entity that support a full legal set of books.






4. Classification of accounts; number segment ranges; company code segment






5. Connect subledger accounts to the General Ledger in real time?






6. Chart of accounts are used to _______ for the general ledger.






7. Balance Sheets and P&L statements can be produced for____________ with the New G/L.






8. The functions of an account group: classify; __________; field status






9. Tells type of account; debit / credit; field status






10. A self contained organisational structure for which costs and revenues can be managed and allocated.






11. A single segment record where each asset is assigned to a company code - cost center - business area and so on.






12. Account groups classify GL accounts into _____________.






13. Management accounting is internally focused on ______.






14. Includes definitions of General Ledger accounts including Account Number - Account Designation - and Account Categorization (Income statement or balance sheet account). (T/F) TRUE






15. Costs and revenues from Financial Accounting act as an input in ___________.






16. Many Company Codes can use the same Chart of Accounts but the __________ must be the same.






17. Managed at Company Code






18. Purpose is external reporting of revenues and expenses.






19. Company codes are usually created based on _______.






20. Chart of accounts is a __________.






21. The components of the ____________: header; template; line items; info area






22. Set up according to the COA






23. Business Areas are not _________.






24. Ensures real-time integration of a subledger in ECC.






25. Takes much of its data from MM






26. Company Codes are set up within ______________.






27. Four elements of Financial Accounting: 1. AR 2. ____ 3. Fixed Asset Accounting 4. Bank Accounting






28. Advantages of the _____________: extended infrastructure; multiple ledgers; document split; real-time integration






29. The GL is more ________.






30. Have different segments at the organisational levels of client - company code and purchasing organisation.






31. Comprise a Chart of Accounts segment and a Company Code segment.






32. The two segments of the _______________: COA segment (high-level); Company Code segment (low-level)






33. Responsible for internal costing.






34. here is only one _______.






35. Requires at least one Company Code.






36. Financial accounting is ___________ concerned with revenue and expense reporting.






37. Financial Accounting reporting is ________.






38. 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.