Test Knowledge Unit 5

1. The main components within Financial Accounting are General Ledger, Accounts Receivable, Account Payable, Assets Accounting, and Consolidation. TRUE

2. Company Code Level is the organizational unit at which your legal Accounts are produced. TRUE

3. How many Company Codes can be assigned to a Chart of Accounts? More than One

4. In Financial Accounting, the Business Areas Organizational unit allows cross-company code reporting. TRUE

5. At what stage in the sales process are accounting documents produced? Good Issue

6. Which logistics posting will not update the liquidity forecast in the Cash Management module? Purchase Orders

7. Which of these is not an option for processing payments? Batch Input

8. Bank Accounts in SAP are uniquely identified by Account ID and House Bank. TRUE

9. Which of the following are not major components of Controlling in SAP R/3? Cost Analysis

10. What is the primary organizational element in Controlling? Controlling Area

11. Which of the following is an incorrect statement regarding internal orders? An overhead order might be used to create a correcting entry for balance sheet posting.

12. Which of the following is a true statement? The Financial Accounting application area of SAP R/3 is a primary source of data for Controlling

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