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