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