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