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