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