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