17/8/2021 Thẻ ghi nhớ: Chapter 3 | Quizlet

Khoa học xã hội / Kinh tế học / Tài chính

Chapter 3 Học

Chapter 3
Thuật ngữ trong học phần này (43)

___ is concerned with recording Financial Accounting (FI)

the financial impacts of
business processes as they are
executed.
A) Financial accounting (Fl) B)
Controlling (CO)

C) Bank ledger accounting D)

N one of the above

Which of the following is a KEY Accounts Receivable Accounting

process in financial
accounting?

A) Sales order processing B)

Accounts receivable
accounting

C) Credit management D)
Income verification

Which process is used to Accounts receivable accounting

manage money owed by
customers for goods and
services purchased from the
company?

A) Accounts receivable
accounting B) Fixed asset
accounting

C) Bank ledger accounting D)

All of the above

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Chapter 3 is concerned
Which process Bank ledger accounting Học

with recording data associated

with bank statements?

____ are internal divisions of an Business Areas

enterprise that are used to
define areas of responsibility or
to meet the external
requirements of an enterprise
segment

A) Cost centers B) Business

area

C) Depreciation areas D) Sub-

ledgers

Which term refers to an Chart of Accounts (COA)

ordered listing of accounts that
comprise a company's general
ledger?

A) General ledger B) Balance

sheet

C) Chart of accounts (COA) D)

Bank ledger

Which term represents what a Assets

company owns, such as cash,
inventory of materials, and
buildings?

A) Liabilities B) Equity C) Assets

D) Revenues

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Chapter
Which term3represents what a Liabilities Học

company owes to others,

including money owed to
vendors and loans from
financial institutions

A) Liabilities B) Equity C) Assets

D) Revenues

Which term represents the Revenue

monies a company earns by
selling its products and
services?

A) Liabilities B) Equity C) Assets

D) Revenues

Which term represents the Expenses

costs associated with creating
and selling products and
services?

A) Assets B) Expenses C)
Liabilities D) Equity

Which element is not part of D

the typical company code data
in general ledger accounts?

A) Tax- related data B) Field

status groups

C) Line item display D) All of

the above

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Chapter
Which term3is a general ledger Reconciliation account Học

account that consolidates data

from a group of related sub-
ledger accounts?

A) Sub- ledger B)
Reconciliation account

C) Line item display D) None of

the above

Which of the following records Financial accounting document

the impact of a transaction step
on financial accounting?

A) Financial accounting
document B) Subsidiary ledger

C) Sub- ledger D) Parallel

accounting

Which of the following is used Parallel Accounting

to implement multiple ledgers
and use each ledger for
different purposes?

Which type of asset has a Tangible asset

physical form?

A) Master asset B) Tangible

asset C) Informal asset D)
Intangible asset

Which type of asset has a non- Intangible Asset

physical form?

A) Master asset B) Tangible

asset C) Informal asset D)
Intangible asset

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Chapter 3 following is used

Which of the Financial statement Học

to report data needed to meet

legal and regulatory
requirements?

16) Which of the following is D

not a mode of acquiring an
asset for a company?

A) Acquiring internally via the

production process

B) Acquire from a vendor using

the purchasing process

C) Acquire from a vendor

without using the purchasing
process

D) Selling equipment

17) All of the following are C

transaction types that occur
during the life of an asset
except

A) Acquisition B) Depreciation
C) Allocation D) Retirement

Balance sheet accounts are Assets, Liabilities, Equity

grouped into which of the
following categories?

An organization can possess Tangible, Intangible, Financial

which of the following types of
assets?

Tangible assets can include Computers, Production Machinery

which of the following?

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Chapter 3 most common

What are the Acquisition, Depreciation, Retirement Học

transaction types that occur

during the life of an asset?

What are the primary ways in internally by production, externally by vendor

which an asset can be
acquired?

Which best describes the Used to enable companies to meet special country-
operative chart of accounts? specific reporting requirements (?)

Which is not a mode of Selling Equipment, Acquiring without a vendor(?)

acquiring an asset for a
company

All transaction types that occur Allocation. ( These occur during the life of an asset:
during the life of an asset acquisition, depreciation,retirement.)
except:

Financial statements can be Both operative and country-specific COAs

generated from which of the
following?

Which of the following are book depreciation, cost accounting depreciation,

common depreciation areas legal depreciation
used in the US?

Reporting in financial Displaying account information, generating financial

accounting is broadly divided statements
into which of the following 2
categories?

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Chapter
From which3of the following Operative chart of accounts, country specific chart
Học

can financial statements be of accounts

generated?

It is an internal division of an enterprise, it is used

What is true about business
for external reporting, associated with SEVERAL
area?
company codes

Which are types of chart of Operative COA, Country Specific COA, Group COA
accounts?

What does COA data include? Client segment, company code segment

The COA segment of the COA Account number, account group, short text, long
data includse which of the text
following?

Which of the following does Assets & Liabilities

balance sheet include?

Profit & loss statement includes Revenues & Expenses

what?

Which of the statements about Reconciliation account for customers is accounts

reconciliation accounts are receivable, reconciliation account for vendors is
true? accounts payable

Which of the statements None of the above (?)

regarding reconciliation
accounts is not true?

Which attributes are present in Amount, Posting Key

the FI document items?

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Chapter 3
Which attributes are present in Document type, posting date, currency Học

the FI documents header?

Which of the following All transaction data are posted to it, global
statements concerning the accounting principles are consolidated into it
leading ledger are true?

is associated with a location where costs are

A cost center : incurred, absorbs costs , can be associated with a
department

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