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