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