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