Knowledge quiz

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

Q1.

Segment reporting can be completed using which of the following dimensions?

There are three correct answers.

Segments

Profit Center

General Ledger Accounts

Cost Center

Customer-defined

Q2.

The functional area is usually derived from master data of the cost object (cost center, work breakdown structure (WBS))?

Choose the correct answer.

False

True

Q3.

Financial statements can be produced only for the leading ledger.

Choose the correct answer.

False

True

Q4.

Journal entries without a ledger group designation are posted to?

Choose the correct answer.

All extension ledgers

Only the leading ledger

All standard ledgers

Only the non-leading ledgers

Q5.

The Entry View of a journal entry is how the document is posted to the general ledger.

Choose the correct answer.

False

True

Q6.

Segment reporting can be used for both external and internal reporting.

Choose the correct answer.

False

True

Q7.

Cost of sales accounting classifies costs according to the area of operations that incurred the revenue or expense.

Choose the correct answer.

False

True

Q8.

Ledger groups are assigned to an accounting principle

Choose the correct answer.

False

True

Q9.

Cost of sales accounting uses which dimension for reporting?

Choose the correct answer.

Cost center

Profit center

Functional area

WBS element