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