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