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. Account groups classify GL accounts into _____________.






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






3. Financial Accounting reporting is ________.






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






5. The GL is more ________.






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






7. here is only one _______.






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






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






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






11. Requires at least one Company Code.






12. Company Codes are set up within ______________.






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






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






15. Business Areas are not _________.






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






17. Company codes are usually created based on _______.






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






19. Takes much of its data from MM






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






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






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






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






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






25. Management accounting is internally focused on ______.






26. Managed at Company Code






27. Chart of accounts is a __________.






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






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






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






31. 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.






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






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






34. Purpose is external reporting of revenues and expenses.






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






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






37. Responsible for internal costing.






38. Set up according to the COA