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