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