Mr. X Manager working in the company ZZZ Ltd & he is using company car and after some day he is got transfer in the affiliated company, the affiliated company belong to the same company ZZZ Ltd like a sister concern. What will be happen his car? Cross Company code Transaction Asset Transfer Asset Retried from ZZZ Ltd Company Code Asset will lying in the ZZZ Ltd Company code Only Deprecation will calculate in the ZZZ Ltd & posted in ZZZ Ltd will not affect into affiliated company.
An asset under construction requires a separate asset class with their own account determination since depreciation has to be shown separately on the balances sheet. True False.
If you want to settle an AUC using amounts, instead of percentage, you have to select and distribute one line item at a time. True False.
Credit memo still be posted to an AUC even after the asset has been fully capitalized, as long as you allow negative APC on the asset. True False.
It is possible to post down payment on an Asset Under Construction True False.
On AUC you can transfer more then one AUC. True False.
User can define and use their own transaction types for Assets accounting in a SAP R/3 system True False.
Asset Transaction type its identifies whether its an Acquisition, Transfer or Retirement. False True.
Start with the Transaction type 2 its for retirement True False.
The depreciation terms of an assets is a combination of the calculation methods and the useful life of the assets True False.
One Asset class can assign number of Chart of Depreciation True False.
Field updated in the master record after the original posting include the posting information and deprecation area fields True False.
Field updated in the master record after the original posting include the posting information and deprecation area fields True False.
Asset classes must be created for assets under construction and low value assets False True.
The cross company code depreciation area does not hold any asset values True False.
AUC have depreciation key, which denotes that depreciation will not be calculated True False.
Posting using non-integrated transaction offset to a clearing account that should be set as open item managed True False.
The transfer variant contains the method, the relationship type, and the transaction type group affected False True.
When creating dependent areas, the transfer of APC values are the only transfers that can be created False True.
All additional account assignment objects for the posting of depreciation are enabled and ready for use True False.
The transaction document is generated based on the transaction type set be internal postings True False.
Asset classes are used as a template for the creation of asset master records in a company code False True.
If a capital investment order or WBS element is referenced in the assets master record, real postings can be made to those objects False True.
Asset sales posting can be posted to any revenue account, provided the account fields status is set correctly. True False.
The account determination key provides account assignment by the combination of chart of depreciation and chart of account True False.
you can able created asset classes for Intangible Assets or Tangible Assets True False.
Several charts of depreciation can also be assigned to an asset class True False.
The chart of depreciation is not a catalog of country-specific depreciation areas structured according to various business aspects. True False.
When defining whether and how the values from individual depreciation are do not post any values in G/L Account True False.
In customizing for Asset accounting, you enter the financial statement versions to be used for those depreciation areas for which financial statements are to be created. During Year end- closing, this guarantees consistency between the line items in the asset balances sheet accounts in the balances sheet, and the sequences of the individual assets in asset history sheet True False.
You can post both the asset balances sheet values and the depreciation values from the individual depreciation areas to separate balances sheet accounts or income statement account in G/L True False.
AUC require a separate asset class and corresponding G/L Account, because they have to be shown separately in Balances sheet True False.
Un plan Depreciation directly it will effect into FI Transaction False True.
You can create multiple similar assets for example if you purchase 20PCs at once for your training department, or 12 desks for a new suite of offices. You can still make separate entries for each individual asset in the following fields. Description of the assets Inventory number Business area Cost center Evaluation group 1-5 .
The following information is automatically set in the asset master record at the time of the first acquisition posting Date of asset Capitalization Date of initial acquisition in the relevant master record Asset value date Ordinary depreciation start date Acquisition year and acquisition period.
The posting date and the asset value date must always be in the same fiscal year False True.
Every transaction type belongs to a transaction type group. The transaction type group defines the characteristics of the transaction type True False.
Reasons for not making integrated postings?
1.The invoice arrived before the asset
2.The asset has already been delivered but the invoice has not.
True False.
When you capitalize the AUC, you transfer the values to only one or only two completed assets. This transfer is either done in a only one or only two with line item settlement False True.
After you have Un-planned depreciation, the system does not create an FI document. True False.
When performing line item settlement of an AUC to one or more completed assets, Select all line items that you want to settle in the same proportion to the same receiver. Define distribution Rules for these line items. Post settlement of line items to the specified receivers using the distribution rule. Posting procedure settles all line items to which a distribution rule is assigned.
We must settle all line items at once, and you do not have to distribute100 percent of each line item for AUC using line item settlement. True False.
Asset class wizard is a function to generate a small catalog of asset classes. False True.
Account determination is essential to generate an asset class using GL account, True False.
Generation of asset class through GL account pre-defines screen layout and two derpreciation area with depreciation terms. True False.
We can create an asset class form a GL account, if the company code status is production live only. True False.
Inmost cases, transaction types for intracompany transfer are used with the gross transfer method. This method transfers the "historical" values of the asset to the target company code. True False.
When you use the net method or new value method, you have to eneter the revenue from the sale of the asset. True False.
If there is no gain or loss on the asset retirement, the sales revenue equals to the net book value of the asset. True False.
If the company codes are assigned to different charts of depreciation, the charts of depreciation can contain differerent depreciation areas with the same actual functions. When this is the case, you can define cross-company depreciation areas. True False.
Cross company code depreciation areas do not have their own parameters, instead they consists solely of key that is uniform thoughout the client, and a short description. We can assign depreciation areas from different charts of depreciation to the same corss company depreciation area. True False.
If the corresponding cross company code depreciation area is not defined, the system enters an asterisk(*) as a generic entry. True False.
The default values that the user can maintain in an asset class are, Insurance values Net worth valuation Leasing Depreciation terms (depreciation key, useful life) Index series.
Capitalization date will be copied when you create and asset master record using an existing asset master record as reference. This an unwanted data and has to be deleted. True False.
In Asset master record, Inventory number field is used to enter the equipment number. True False.
Several pieces of equipment can be assigned to an asset, but a piece of equipment can only belong to one asset. True False.
The aquisition of an asset can be done using both integrated and Non-Integrated functions. True False.
The system determines the planned annual depreciation and planned interest based on the depreciation start date and the depreciation terms. True False.
The system determines the start date for ordinary depreciation using the asset value date of the aquisition posting and period control method and writes this date to the depreciation area in the asset master record. True False.
If you do not want the document numbers in FI defined as year dependent, then create a future year under year as 9999. Fale True.
Choose the correct statement regarding the document type used for net postings in the capitalization of an asset. Document type AN / KN / RN can be used. If you deduct the discount at the time of payment, you have to run the program SAPF181 to subsequently reverse the discount calculated on the asset at the time of net posting. If you make a posting using net method, but do not use the whole discount at the time of payment, program SAPF181 also corrects the asset. .
It is possible to make non-integrated acquisition postings for several assets at once. True False.
Choose the correct activities related to asset acquisition through MM integration. Purchse Requistion Purchse Order Goods receipt Invoice receipt Creation Asset.
In the purchase order transaction, if you use account assignment type A, you can enter an asset master record number in the item details screen. True False.
A greater degree of integration can be achieved if you create the asset master record in the purchase order transaction. True False.
When you enter the PO, you determine whether the asset is posted directly to Asset accounting, and there by capitalized, when the goods receipt is posted (Valuated Goods receipt), or capitalization will not take place until the invoice receipt is posted (Non-valuated goods receipt). True False.
No corrections are necessary for the non-valuated goods receipt, since the asset was not yet capitalized. However the system uses the date of goods receipt as the capitalization date. True False.
Invoice Receipt is created for Non-valuated goods receipt postings. True False.
Choose the correct statement related to Non-valuated goods receipt. Asset capitalized Line item created Value Fields are updated Depriciation and net book value posted.
We can use the functions Integrated and Non-integrated for asset retirements. False True.
The transfer from the Under-construction phase to the completed asset is referred as Capitalization of AUC. False True.
We can manage the phases of Under-construction of an Asset as, A normal asset master record (for summary settlement) As an asset master record with line item management.
Imputed interest is calculated using costing depreciation area for the capital tied up with an asset. True False.
For an asset using Costing depreciation area, if the calculation of interest is based on a replacement value, the system calculates indexed interest. True False.
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