Chart of depriciation is always Country specific Co-Code specific plant specific.
Asset accounting works with chart of account assigned to the co-code in FI. You can modify chart of account to fit your requirement based on global, industry specific or country specific True False.
SAP Provides model chart of depreciation for many country these contain pre difines depreciation area. You can also define your chart of depriceation (by copying and changing.) True False.
Each company code uses One chart of account and one chart of depriceation Can use more then one chart of account and one chart of depriceation One chart of account and two charts of depriceation.
Chart of account and chart of depreciation can be used by one co-code All or several co code can use same chart of account and same chart of depreciation. All or several co code can use same chart of account but they have to use diffrent chart of depreciation.
Depriceation keys are 2 digit numaric key True False.
Numaric depreciation key represents Depriceation term you can enter in asset master record or in the asset class Depriceation term you can enter in asset master record Depriceation term you can enter in the asset class.
Depreciation areas can have the same values and depreciation term but can be displayed in different currency can be displayed in co code currency can not be displayed in different currency.
Depriciation 01 is the leading depreciation area True False.
Asset portfolios and transaction are often valued differently for different purpose; different valuation approaches may be used for Financial statement for local requirement Balance sheet for tax purposes (as so far as another valuation is permitted) Internal accounting (Cost Accounting) Palrallel financial reporting for, for example creating a consolidated balance sheet .
Depriceation area created in SAP R/3 to manage diffrent valuation approaches (Financial statement for local, internal accounting etc plant Depriciation .
Chart of depreciation is assigned to Co-code To asset.
A company code is available to use in asset accounting after Company code must be set up in FI first You then assign chart of account to co code The data required for asset accounting is added to company code.
You can assign asset to two cost center True False.
Asset class are created at Client level Co-code level.
Depreciation attribute can be overwritten if necessary, but if they are specified by the system you cannot change them. True False.
Several chart of depreciation can be assigned to one asset class True False.
The asset class consist of "Master data section" and "Depreciation area section" True False.
Each asset is assigned to only one asset class True False.
You can supress individual depreciation area in asset class False True.
Each asset class assigned to at least One chart of depriciation Two chart of depriciation one chart of depriciation and one group chart.
Assets that are appear in different placces/balance sheet item have to be assign to different asset class One asset class to sub asset class.
IN IDES these asset class are 4000 5000 I2000 3000.
In FI-AA you not can manage different values of fixed asset in depreciation area True False.
SAP suppies chart of depr based on requirement of each country, these supplied for referance only False True.
Chart of depreciation is a List of country specific depreciation area Catalog of country specific depreciation area Pre defined depreciation area for fixed assets.
After copying referance chart of depreciation you can not delete the depreciation areas you do not need False True.
It is possible to open depr area after production start of the system True False.
You can not define your own depreciation areas in the chart of depreciation True False.
You can define depreciation area for reporing purposes only, which do not post any value in GL. True False.
You can define any number of financial statement versions per chart of account in FI True False.
If you use different financial statement versions, you have to post more then one depr area to the GL. True False.
The defalut values of asset class help to maintain uniformilty in assets. True False.
Asset class definations apply to all co-code in a client. True False.
The master data section of asset class has Control data and default values for the administrative data in the asset master record A valuation section with control parameter and default values for the valuation and depreciation term. Control data and default values for the administrative data in the asset master record & A valuation section with control parameter and default values for the valuation and depreciation term.
A valuation section with control parameters and default values for the valuation and depreciation terms- it contains in Master data section of asset class Valuation section of asset class.
If you have assets with diff types of valuation You can define one asset class for all of them You can define as many asset classes as you have asset with diff types of valuation You can create a special asset class for them.
The essential function of asset class is to establish link between the assetmaster record and the accounts to which the related values and depreciation are posted in GL. True False.
Several asset classes can use same A/C "Account Determination key" If If they use the same chart of account they post to the same GL account If they use the same chart of account and they post to the same GL account.
Several similar Assest classes can have diff "Account determination keys" their values are all updated to a single Balance sheet A/C their values can not be all updated to a single Balance sheet A/C their values are all updated to a multipal Balance sheet A/C.
The number rage control the assignment of the number of the asset master record. you can assign each company code its own number range or co-codes can share number range. True False.
Screen layout of asset master specifies which input fields are dispayed in asset master record if they are required entry or optional entry if they are modifiable.
Apart from information on fields (required,optional,display,supress) the screenlayout also specifies the maintaince level of master data fields also dertermines they are allowed to be used as a referance(for copying) None.
Which field contents of an asset area can be copied when that asset is used as a referance for creating a new asset master record is controlled by .
Master data level at which each field can be maintained is specifies by .
Account assignment object must be activated before they can be maintained in the master data True False.
Data priviously found on various asset master views now distributed over several .
In each asset class you enter a screen layout rule for each depreciation area. This rule applies to the valuation fields in the depriciation area. True False.
Screen layout asset depriciation area- These rule also contain maintenance level that gurantees that depreciation is controlled uniformally True False.
you can create new asset class by copying exisiting asset class-Copying asset class from referance allows you to define default values (particularly depr area) more exactely and more comprehensively. True False.
Even after AUC fully capitalized you can still post C/Memo to it . However you have to allowed negative APC True False.
For LAV(Low value assets) class, you can set up maximum amount in the depreciation area True False.
Low value assets (LVAs) can be managed by using individual managment or collective management.
In the asset class-if you choose collective management for LVAs you have to enter a .
You also use the asset class to define which G/L A/Cs are to be posted from asset subledger True False.
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