Accounting - General Ledger

32 Questions | Total Attempts: 83

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Ledger Quizzes & Trivia

Questions and Answers
  • 1. 
    SAP is a fully integrated system, meaning that the general ledger, subsidiary systems, transaction data and reports will all be accessed within an “all in one” system, once all phases of OPUS are complete
    • A. 

      True

    • B. 

      False

  • 2. 
    Once the SAP G/L goes live, data from the legacy G/L will be automatically transferred to the SAP G/L on a real time basis as opposed to a daily batch process
    • A. 

      True

    • B. 

      False

  • 3. 
    The Finance Module (FI) is used for __________ reporting.
    • A. 

      Internal

    • B. 

      External

    • C. 

      Cost Center

    • D. 

      Profit Center

  • 4. 
    Today our divisions and distribution centers are equal to what in SAP?
    • A. 

      A profit center and a company code

    • B. 

      A company code and a plant

    • C. 

      A profit center and a plant

    • D. 

      A client and a profit center

    • E. 

      A controlling area and a plant

  • 5. 
    You can group cost centers (and profit centers) together to form cost center groups and profit center groups. These can be used for reporting.
    • A. 

      True

    • B. 

      False

  • 6. 
    The company codes 3000, 4000 and 5000 represent separate legal entities with a balanced set of books that are GAAP compliant.
    • A. 

      True

    • B. 

      False

  • 7. 
    The majority of the transactions will post to company code 7766.
    • A. 

      True

    • B. 

      False

  • 8. 
    In  today’s terminology a distribution center will be a ____________  in SAP
    • A. 

      Loading Zone

    • B. 

      Storage Location

    • C. 

      Plant

    • D. 

      Compnay Code

    • E. 

      All of the above

  • 9. 
    An Operating Expense account (a general ledger account) will begin with what # in SAP:
    • A. 

      3xxxxx

    • B. 

      6xxxxx

    • C. 

      2xxxxx

    • D. 

      4xxxxx

    • E. 

      SAxxxx

  • 10. 
    An Asset account (a general ledger account) will begin with what # in SAP:
    • A. 

      1xxxxx

    • B. 

      7xxxxx

    • C. 

      2xxxxx

    • D. 

      3xxxxx

    • E. 

      SExxxx

  • 11. 
    A Liability account (a general ledger account) will begin with what # in SAP:
    • A. 

      3xxxxx

    • B. 

      6xxxxx

    • C. 

      2xxxxx

    • D. 

      4xxxxx

    • E. 

      SAxxxx

  • 12. 
    Legacy account number 2364-50 Accrued Expenses will be mapped to which account within SAP?
    • A. 

      364500

    • B. 

      236450

    • C. 

      211000

    • D. 

      217217

    • E. 

      All of the above depending on which Division

  • 13. 
    Legacy account number 1100-01 A/R Trade will be mapped to which account within SAP?
    • A. 

      111000

    • B. 

      121000

    • C. 

      611000

    • D. 

      411000

    • E. 

      All of the above depending on which Division

  • 14. 
    Legacy department number 40 Admin will be mapped to which Cost Center within SAP?
    • A. 

      301100

    • B. 

      304100

    • C. 

      400100

    • D. 

      501100

    • E. 

      All of the above depending on which Division

  • 15. 
    The transaction code to display G/L account master record at the chart of account level is:
    • A. 

      FSP0

    • B. 

      FB03

    • C. 

      XK05

    • D. 

      FB60

    • E. 

      ME2N

  • 16. 
    When accessing a General Ledger account, you can use the search functionality to find the number if you do not know it.
    • A. 

      True

    • B. 

      False

  • 17. 
    The search functionality is represented within SAP by an icon that looks like:
    • A. 

      Ear Plugs

    • B. 

      Pencil

    • C. 

      Binoculars

    • D. 

      Green Arrow backward

    • E. 

      Diskette

  • 18. 
    In today’s terminology a department will be a ____________  in SAP
    • A. 

      Profit Center

    • B. 

      Cost Center

    • C. 

      Storage Location

    • D. 

      Charge Area

    • E. 

      None of the above

  • 19. 
    In the new SAP general ledger account structure, the cost center (department) is embedded in the six digit G/L account code – much like today’s legacy G/L account structure.
    • A. 

      True

    • B. 

      False

  • 20. 
    SAP uses posting keys to post to FI. Modules drive the posting key. In (FI) G/L documents will use _______for debits.
    • A. 

      40

    • B. 

      21

    • C. 

      31

    • D. 

      99

    • E. 

      DB

  • 21. 
    How will you review G/L activity in SAP?
    • A. 

      Use T-Code FAGLL03 G/L account line item display

    • B. 

      Use T-Code FAGLB03 display G/L balances and then drilldown

    • C. 

      Print out a G/L Open Item report

    • D. 

      All of the above

  • 22. 
    USE THE SYSTEM TO ANSWER THE FOLLOWING: Create a general ledger journal entry. Use gl account numbers, you need to repost office supplies from one cost center to another – a reclass. Please credit (pick a dollar amount) the Admin cost center and debit the Occupancy cost center. Save your document number. The document number began with what two numbers?
    • A. 

      99

    • B. 

      71

    • C. 

      14

    • D. 

      13

    • E. 

      RC

  • 23. 
    USE THE SYSTEM TO ANSWER THE FOLLOWING: Reverse the document you created in question 22. What is the document type (2 digit) number you received after reversing the document you created in question 22?
    • A. 

      RR

    • B. 

      AB

    • C. 

      CD

    • D. 

      F1

    • E. 

      RC

  • 24. 
    USE THE SYSTEM TO ANSWER THE FOLLOWING: Display your reversal document you created above. What is the name of the field (hint: at the header level) that links the two documents together
    • A. 

      Document

    • B. 

      Revers. Doc. for

    • C. 

      Audit Orgin. doc.

    • D. 

      New Improv. doc.

    • E. 

      SAP_New_doc.doc

  • 25. 
    After you have posted a journal entry in SAP and have received a document number, you can delete that document if the dollar amount is incorrect.
    • A. 

      True

    • B. 

      False

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