Test your basic knowledge |

SAP Accounting

Subject : it-skills
Instructions:
  • Answer 38 questions in 20 minutes. 2 minutes 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. Each Company Code is assigned to one Chart of Accounts but many Company Codes can use the same ___________.






2. Set up according to the COA






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






4. Account groups classify GL accounts into _____________.






5. Managed at Company Code






6. Purpose is external reporting of revenues and expenses.






7. Management accounting is internally focused on ______.






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






9. here is only one _______.






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






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






12. Chart of accounts is a __________.






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






14. Financial Accounting reporting is ________.






15. 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.






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






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






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






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






20. Takes much of its data from MM






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






22. Company Codes are set up within ______________.






23. Responsible for internal costing.






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






25. The GL is more ________.






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






27. Business Areas are not _________.






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






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






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






31. Requires at least one Company Code.






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






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






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






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






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






37. Company codes are usually created based on _______.






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






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