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