Question 1

____________ is concerned with recording the financial impacts of business processes as they are executed.

Accepted Answer

A) Management accounting 
B) Financial accounting Fl) 
C) Controlling CO) 
D) Bank ledger accounting 
E) None of the above 
A) Management accounting 
B) Financial accounting Fl) 
C) Controlling CO) 
D) Bank ledger accounting 
E) None of the above

Question 2

Financial statements can be generated for different organizational levels including one or more company codes and business areas.

Accepted Answer

A) True 
 B)False

Question 3

When does a credit take place?

Accepted Answer

A) When assets and expenses decrease 
B) When assets and expenses increase 
C) When revenue and liabilities decrease 
D) When revenue and liabilities increase 
A) When assets and expenses decrease 
B) When assets and expenses increase 
C) When revenue and liabilities decrease 
D) When revenue and liabilities increase

Question 4

Tangible assets are non-physical items such as trademarks and patents.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements concerning the leading ledger are true?

Accepted Answer

A) It is a type of sub-ledger 
B) Global accounting principles are consolidated into it 
C) Having a leading ledger is optional 
D) All transaction data are posted to it 
A) It is a type of sub-ledger 
B) Global accounting principles are consolidated into it 
C) Having a leading ledger is optional 
D) All transaction data are posted to it

Question 6

Tangible assets can include which of the following?

Accepted Answer

A) Computers 
B) Bonds 
C) Production Machinery 
D) Real Estate 
E) Mortgage 
A) Computers 
B) Bonds 
C) Production Machinery 
D) Real Estate 
E) Mortgage

Question 7

Accounting processes are broadly divided into two main categories: financial accounting and management accounting.

Accepted Answer

A) True 
 B)False

Question 8

What does the COA data include?

Accepted Answer

A) Client segment 
B) Storage location segment 
C) Plant segment 
D) Company code segment 
A) Client segment 
B) Storage location segment 
C) Plant segment 
D) Company code segment

Question 9

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

Accepted Answer

A) General ledger 
B) Balance sheet 
C) Bank ledger 
D) Chart of accounts CO
A)  
E) None of the above 
A) General ledger 
B) Balance sheet 
C) Bank ledger 
D) Chart of accounts CO
A)  
E) None of the above

Question 10

____________ are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment.

Accepted Answer

A) Cost centers 
B) Depreciation areas 
C) Business areas 
D) Sub-ledgers 
E) None of the above 
A) Cost centers 
B) Depreciation areas 
C) Business areas 
D) Sub-ledgers 
E) None of the above

Question 11

Which term represents what a company owns,such as cash,inventory of materials,and buildings?

Accepted Answer

A) Liabilities 
B) Equity 
C) Assets 
D) Revenues 
E) None of the above 
A) Liabilities 
B) Equity 
C) Assets 
D) Revenues 
E) None of the above

Question 12

In accounts payable,which general ledger accounts are affected?

Accepted Answer

A) Accounts payable reconciliation 
B) Vendor 
C) Supplies expense 
D) Bank 
A) Accounts payable reconciliation 
B) Vendor 
C) Supplies expense 
D) Bank

Question 13

All of the following are transaction types that occur during the life of an asset except ___________ .

Accepted Answer

A) Acquisition 
B) Depreciation 
C) Allocation 
D) Retirement 
A) Acquisition 
B) Depreciation 
C) Allocation 
D) Retirement

Question 14

Balance sheet accounts are grouped into:

Accepted Answer

A) Assets 
B) Liabilities 
C) Equity 
D) Revenue 
A) Assets 
B) Liabilities 
C) Equity 
D) Revenue

Question 15

A financial accounting document is a general ledger account that consolidates data from a group of sub-ledger accounts,such as customers and vendors.

Accepted Answer

A) True 
 B)False

Question 16

An increase in an asset account or an expense account results in a credit posting.

Accepted Answer

A) True 
 B)False

Question 17

Balance sheet accounts are grouped into which of the following categories?

Accepted Answer

A) Revenue 
B) Assets 
C) Liabilities 
D) Equity 
E) Expenses 
A) Revenue 
B) Assets 
C) Liabilities 
D) Equity 
E) Expenses

Question 18

Which attributes are present in the FI document header?

Accepted Answer

A) Amount 
B) Document type 
C) Posting date 
D) Currency 
E) Posting key 
A) Amount 
B) Document type 
C) Posting date 
D) Currency 
E) Posting key

Question 19

The general ledger is used to record the financial impacts of business process steps.

Accepted Answer

A) True 
 B)False

Question 20

Accounts receivable accounting is concerned with customers.

Accepted Answer

A) True 
 B)False

____________ is concerned with recording the financial impacts of business processes as they are executed.

Financial statements can be generated for different organizational levels including one or more company codes and business areas.

When does a credit take place?

Tangible assets are non-physical items such as trademarks and patents.

Which of the following statements concerning the leading ledger are true?

Tangible assets can include which of the following?

Accounting processes are broadly divided into two main categories: financial accounting and management accounting.

What does the COA data include?

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

____________ are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment.

Which term represents what a company owns,such as cash,inventory of materials,and buildings?

In accounts payable,which general ledger accounts are affected?

All of the following are transaction types that occur during the life of an asset except ___________ .

Balance sheet accounts are grouped into:

A financial accounting document is a general ledger account that consolidates data from a group of sub-ledger accounts,such as customers and vendors.

An increase in an asset account or an expense account results in a credit posting.

Balance sheet accounts are grouped into which of the following categories?

Which attributes are present in the FI document header?

The general ledger is used to record the financial impacts of business process steps.

Accounts receivable accounting is concerned with customers.

A: Introduction to Business Processes

B: Introduction to Business Processes

C: Introduction to Business Processes

A: Introduction to Sap ERP

B: Introduction to Sap ERP

C: Introduction to Sap ERP

A: The Procurement Process

B: The Procurement Process

C: The Procurement Process

The Fulfillment Process

The Production Process

Inventory and Warehouse Management Processes

Material Planning Process

Integrated Process

Filters

Exam 3: Introduction to Accounting

____________ is concerned with recording the financial impacts of business processes as they are executed.

Financial statements can be generated for different organizational levels including one or more company codes and business areas.

When does a credit take place?

Tangible assets are non-physical items such as trademarks and patents.

Which of the following statements concerning the leading ledger are true?

Tangible assets can include which of the following?

Accounting processes are broadly divided into two main categories: financial accounting and management accounting.

What does the COA data include?

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

____________ are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment.

Which term represents what a company owns,such as cash,inventory of materials,and buildings?

In accounts payable,which general ledger accounts are affected?

All of the following are transaction types that occur during the life of an asset except ___________ .

Balance sheet accounts are grouped into:

A financial accounting document is a general ledger account that consolidates data from a group of sub-ledger accounts,such as customers and vendors.

An increase in an asset account or an expense account results in a credit posting.

Balance sheet accounts are grouped into which of the following categories?

Which attributes are present in the FI document header?

The general ledger is used to record the financial impacts of business process steps.

Accounts receivable accounting is concerned with customers.

A: Introduction to Business Processes

B: Introduction to Business Processes

C: Introduction to Business Processes

A: Introduction to Sap ERP

B: Introduction to Sap ERP

C: Introduction to Sap ERP

A: The Procurement Process

B: The Procurement Process

C: The Procurement Process

The Fulfillment Process

The Production Process

Inventory and Warehouse Management Processes

Material Planning Process

Integrated Process

Filters