FI/CO Academy Review Page 4 of 16 11. Which of the following is correct?

More than one answer is correct; mark true or false. a A primary cost element is related to a general ledger expense account. T b Secondary cost elements are used only in controlling T c Operational accounts are mapped to group accounts at the company code level. F d All P/L accounts must have an associated cost element. F e Blocking can happen at the chart level or the account level. T 12. Which of the following is correct? More than one answer is correct; mark true or false. a The general ledger account has 3 segments. F b Country accounts are mapped at the client level. F c The company code level of a g/l account has 6 field groupings. T d Accounts must be available at the client level before they can be created at t he company code level. T e Account groups manage field status and document number ranges. F 13. Which of the following is correct? More than one answer is correct; mark true or false. a Accounts managed in a foreign currency can only be posted to in that currency. T b Open item management should be set for P&L accounts. F c Line item display should be set for reconciliation accounts. F d The 3 charts of accounts are operating, group, and alternative. T e The group chart of accounts is used for consolidation purposes. T