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