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