Accounting Basics
Financial Setup
Financial Process
Banking Process
Controlling Reports
Fixed Assets
Cost Accounting

Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

1.

In which drawer in the chart of accounts can we find the account payables?

Choose the correct answer.
2.

Once you choose to use the traditional default G/L account determination you cannot switch to the Advanced G/L account determination

Choose the correct answer.
3.

Foreign currency transactions are recorded simultaneously in the local currency.

Choose the correct answer.
4.

In which currency is the exchange rate differences transaction posted?

Choose the correct answer.
5.

Any rule you define in the advanced form will have a higher priority than the G/L Account Determination window.

Choose the correct answer.
6.

The Balance Sheet Accounts reflect the monitory value of the company

Choose the correct answer.
7.

The calculation of the exchange rate in an A/P Invoice is based on the document due date.

Choose the correct answer.
8.

What is a system currency?

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9.

You cannot change the Local or the System Currency once you have started posting transactions in the company.

Choose the correct answer.
10.

The accountant wants to define a set of default accounts according to business partner groups. Therefore, the company should use the advanced G/L account determination window

Choose the correct answer.
Learning

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