TERP20 SAP Financial and Management

Accounting
1. Which of the following identifies a self- contained organizational structure for
which costs and revenues can be managed and allocated?
a. A company code
b. A controlling area
c. A segment
Ans: b
2. Which of the following statements hold true for a chart of accounts
a. A chart of accounts is assigned to the company code
b. Each general ledger is set up according to a chart of accounts.
c. A chart of accounts cannot be used by multiple company codes.
Ans: a, b
3. Determine whether this statement is true or false. Reconciliation accounts are
designed for direct posting.
a. True
b. False
Ans: b
4. Which of the following statements are true for a Posting Key?
a. It applies to the whole Financial Accounting (FI) document.
b. It defines the account type to be posted.
c. It defines the type of posting (Debit or Credit).
d. It Specifies the debit and credit totals of the document.
Ans: b,c
5. Which of the following are components of Management Accounting?
a. Cost Element Accounting
b. Financial Accounting (FI)
c. Cost center Accounting
d. Profitability Analysis
Ans: a, c, d
6. Sales order management is a primary source for ______________ in Profitability
Analysis (CO-PA) and Profit Center Accounting (EC-PCA).
a. Journal postings
b. Revenue postings
c. Vendor invoices
Ans: b
7. Which if the following is a statistical Controlling object?
a. Profit center
b. Cost center
c. Profitability segment
d. Primary cost element
Ans: a