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