Content:
The chart of accounts is a variant that contains the structure and the basic information about general ledger accounts True False.
The chart of accounts is defined with a five-character ID. False True.
The chart of accounts must be assigned to every company for which account are to be set up based on the structure concerned False True.
The definition of a chart of accounts contains: chart of accounts key description General information:
1.Maintenance language
2.Length of the G/L account number Controlling Integration:Manual or automatic creation of cost elements Consolidation:Group chart of accounts Status:"Blocked" indicator.
The maintenance language is the language in which account descriptions are maintained. True False.
The length of the G/L account numbers can be from 0 to 10 digits 3 to 7 digits 5 to 10 digits None of the above All of the above.
You can assign a group account number for each G/L account. True False.
The group account number is used for cross-company code reporting if the company code use different charts of accounts. True False.
Every company code must have a chart accounts assigned to it. True False.
If company codes intend to use cross company code controlling,they must use the same group account number chart of accounts controlling area None All.
The controlling component uses the same charts of accounts as the financial accounting component. True False.
One chart of accounts can be assigned to several company codes(variant principle). True False.
The information for an account is summarized in a chart of accounts segment.It contains: Account number Name of the account(as short and as long text) Control fields Consolidation fields.
If the chart of accounts has not been translated into the appropriate logon language,the account name appears in the maintenance language. True False.
The information entered in the chart of account segment for a G/L account applies to all client False True.
The chart of accounts segment consists of several groups of fields: Type/Description
Keyword/Translation Information None of the above All of the above.
To use one of the accounts from the assigned chart of accounts in your company code,you must create a chart of account for the account a compnay account for the account a company code segment for the account None of the above.
A company code segment is added to the chart of accounts segment,and together they form the account True False.
The company code segment consist of several groups of fields: control data bank / interest Information-G/L account texts Information Keyword / translation Type / description.
The company code segment contains information controls the entry of accounting documents the management of accounting data the number of tab pages the title of the tab pages.
The company code segment for the same G/L account can be different depending on the requirements of the company code True False.
What are the information that is relevant to each company code? Currency Taxes Reconciliation account Line item display Sort key Field status group House bank Interest calculation information.
The company code segment contains information that refers exclusively to the company code concerned. True False.
Which of the following information are correct? In the chart of account segment,You have to specify whether the account is a balance sheet or a profit and loss statement account. The two types of accounts (balance sheet and profit and loss statement) are treated differently in the closing procedure. For balance sheet accounts,the balance is carried forward to the same account. For profit and loss statement accounts,the balance is carried forward to a retained earnings account and the profit and loss statement account is set to zero. If there is more than one retained earnings account,when you create a master record,you can select the retained earnings account for each profit and loss statement account.
Account group control the number ranges of the accounts the field status of the fields in the company code segment of the master record All of the above.
Number intervals for G/L account master records can overlap True False.
The account group in the chart of accounts segment;it controls the apperance of the company code segment of a G/L account True False.
Fields are areas on a screen that contain specific data used in the SAP data base. True False.
The fields status control the display and maintenance of an account's master data. True False.
Certain fields are grouped together and their field status is valid for the entire group(like interest calculation indicator,interest cycle and last interest calculation key date). True False.
The fields "Account currency "and " Field status group"are always required entry fields.This status can be changed. Fasle True.
Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the subledger. True False.
Which statements are true? All postings to the subledger accounts are automatically posted to the assigned reconciliation accounts. Amounts cannot be posted directly to reconciliation accounts. Define a G/L acccount as a reconciliation account by entering Account type(D for Accounts receivable or K for Accounts payable) in the field reconciliation accouunt. The reconciliation account is valid fro the account type specified.
The field "line item display" is a control field in the company code segment of an account. True False.
Items in accounts with open item management are specified as open or cleard. True False.
You should use open item management for the following accounts Bank clearing accounts Clearing accounts for goods receipt/invoice receipt Salary clearing accounts None.
If the indicator "Only Balances in Local Currency" is selected in the master record,transaction figures are only managed for amounts converted into local currency. True False.
The SAP ERP system provides collective processing functions for the G/L account master records. True False.
Which of the following statements are true? A group chart of account must contain all of the group accounts. The group chart of account must be assigned to each operational chart of accounts. The field Group account number" in the chart of account segments of the operational charts of accounts is a required entry field if the group chart of account is using. The group account number must be entered in the chart of accounts segment of the operational account. A financial statement version is must used for the group chart of accounts.
Segments can be used to meet the requirements of .
A business segment is a part of a company that carries out business activities that generate revenues for which expenses can be incurred operating profits are regularly inspected by the decision-maker for which there is corresponding financial information.
The business area or profit center objects can be used as alternatives. True False.
An ERP system enables you to save a segment in the master data of a profit center. True False.
Do segments have a time reference? False True.
Are segments assigned to hierarchy? False True.
Kann I assign the same segment to multiple profit centers? True False.
The complete Customer and Vendor account consists of the following segments General data at the client level Company code segment Sales area segment for vendor account Sales area segment for customer account Purchasing organization segment for vendor account.
The account number is assigned to the customer/vendor at the company code level. True False.
You can prevent the creation of duplicate accounts as follows: Use the matchcode befor you create a new account Activate the automatic duplication check None of the above All of the above.
The account group for customers/vendors controls the numbers ranges of the accounts the status of the fields in the master record if the account is a one time customer or vendor.
Line item display and open item management are configured as standard for every customer/vendor account True False.
Explanatory texts cannot be entered in every segment. False True.
In financial accounting,once the customer/vendor account has been created,you can change the account group. False True.
Customer/vendor number ranges must not overlap True False.
Each number range can be assigned to one or more account groups. True False.
The layout of customer/vendor master data screens can be affected by several factors: Account group-specific control Transaction-dependent control Comany code-dependent control All of the above.
The account group-specific field status,the transaction-specific field status and the company code-specific field status are compared,and the field status with the highest priority is used. True False.
Fields that are accessed with the "display"transaction are always either displayed or suppressed,since you can make an entry in a "display" transaction. True False.
If you do not want to use the transaction-specific or company code-specific control,set the field status for all fields to optional. True False.
Dual control principle:one person makes changes to customer or vendor master date while another person is responsible for confirming the changes,usually for critical customer/vendor changes True False.
Customer/Vendor clearing If a customer is also a vendor,or vice-versa,the payment and the dunning program can clear open items against each other. you have to enter the vendor account numer in the customer account. you have to enter the customer account numer in the vendor account. Each company code can decide separately whether it wants to clear open items between customers and vendors. If clearing is to be used,you have to select the "clearing with vendor"field in the customer account,or the corresponding field in the vendor account.
Alternate payer / payee An alternate payer/payee can enter at the client level and company code level. The entry in the company code segment has higher priority than the entry at client level. If the alternate payer/payee is an existing customer or vendor,the customer/vendor account number is entered in the master record. If you enter an alternate payer,the amount to clear the due open items in the account is paid by the alternate payer If you enter an alternate payee,the amount that the company has to pay to clear the due open items is paid by the alternate payer.
The customer/vendor accounts must always be maintained centrally False True.
One number range can only be assigned to one account group. False True.
Internal number assignment means that the
SAP ERP system assigns the number automatically. True False.
You maintain a customer/vendor master record centrally if you create financial segments at the same time the sales order management/purchasing management segments. True False.
General ledger accounts have external number assignment;customer and vendor master records can have internal or external number assignment. True False.
|
