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