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