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