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