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