Test your basic knowledge |

SAP Accounting

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. Comprise a Chart of Accounts segment and a Company Code segment.






2. Have different segments at the organisational levels of client - company code and purchasing organisation.






3. Set up according to the COA






4. The GL is more ________.






5. Managed at Company Code






6. The components of the ____________: header; template; line items; info area






7. Takes much of its data from MM






8. Costs and revenues from Financial Accounting act as an input in ___________.






9. Company Codes are set up within ______________.






10. Each Company Code is assigned to one Chart of Accounts but many Company Codes can use the same ___________.






11. Connect subledger accounts to the General Ledger in real time?






12. A single segment record where each asset is assigned to a company code - cost center - business area and so on.






13. Chart of accounts is a __________.






14. The two segments of the _______________: COA segment (high-level); Company Code segment (low-level)






15. Requires at least one Company Code.






16. Company codes are usually created based on _______.






17. The functions of an account group: classify; __________; field status






18. here is only one _______.






19. Company Code is the ________ SAP entity that support a full legal set of books.






20. Chart of accounts are used to _______ for the general ledger.






21. Classification of accounts; number segment ranges; company code segment






22. Many Company Codes can use the same Chart of Accounts but the __________ must be the same.






23. Business Areas are not _________.






24. Account groups classify GL accounts into _____________.






25. Includes definitions of General Ledger accounts including Account Number - Account Designation - and Account Categorization (Income statement or balance sheet account). (T/F) TRUE






26. More than one Company Code can be assigned to a Controlling Area as long as a number of prerequisites are satisfied.






27. Ensures real-time integration of a subledger in ECC.






28. Financial Accounting reporting is ________.






29. Tells type of account; debit / credit; field status






30. Management accounting is internally focused on ______.






31. Responsible for internal costing.






32. Balance Sheets and P&L statements can be produced for____________ with the New G/L.






33. Four elements of Financial Accounting: 1. AR 2. ____ 3. Fixed Asset Accounting 4. Bank Accounting






34. A self contained organisational structure for which costs and revenues can be managed and allocated.






35. 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.






36. Advantages of the _____________: extended infrastructure; multiple ledgers; document split; real-time integration






37. Purpose is external reporting of revenues and expenses.






38. Financial accounting is ___________ concerned with revenue and expense reporting.