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