Test your basic knowledge |

SAP Accounting

Subject : it-skills
Instructions:
  • Answer 38 questions in 20 minutes. 1 minute extra for reading the instructions.
  • 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 ________.






2. Requires at least one Company Code.






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






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






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






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






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






8. The GL is more ________.






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






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






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






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






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






14. Purpose is external reporting of revenues and expenses.






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






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






17. Responsible for internal costing.






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






19. Chart of accounts is a __________.






20. here is only one _______.






21. Takes much of its data from MM






22. Account groups classify GL accounts into _____________.






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






24. Company codes are usually created based on _______.






25. Company Codes are set up within ______________.






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






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






28. 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.






29. Business Areas are not _________.






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






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






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






33. Management accounting is internally focused on ______.






34. Managed at Company Code






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






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






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






38. Set up according to the COA