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