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