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