Which system components are directly integrated with Asset Accounting?
(There are three correct answers.) Bank Account Management Investment Management Purchasing Plant Maintenance Quality Management.
What is true for assigning charts of depreciation to company codes? All company codes of single country must be assigned to the same chart of depreciation. Each company code can be assigned to a different chart of depreciation. You assign company codes only to charts of depreciation delivered by SAP. company with company codes in multiple countries can use a single chart of depreciation for all.
True or False: A single depreciation area can post to multiple ledgers. True False.
What is true for real depreciation areas? They are set to always post to the G/L. Each can be assigned multiple currency types You can post transactions to them independently They can have values calculated from combining other depreciation areas values.
Two assets (belonging to the same company code) post depreciation to different G/L accounts. What does this mean for the assets? (There are two correct answers.) The assets belong to different asset classes The assets are assigned to separate account determinations The assets post APC values to separate accounts The assets are assigned to separate cost centers.
True or False: Two assets in the same asset class, belonging to different company codes but with the same chart of depreciation, can post to different accounts. True False.
How can you default a value for the cost center in the entire asset class for buildings? By using asset subnumbers By changing the assigned screen layout By changing the assigned tab layout By entering it in default account assignments for the G/L account.
Which of the options are types of user fields? (There are two correct answers.) Group Asset Serial Number Evaluation Group Asset Super Number.
When you copy an asset, the asset text is copied as well. How can you avoid this? By changing the assigned screen layout By changing the assigned tab layout By changing the asset class definitions By creating a dummy reference asset with no text.
For which kind of asset is the asset main text always prefilled? Asset super numbers Group assets Asset subnumbers Mass-created assets.
You execute a report based on the location and are missing an asset. What might have happened? (There are two correct answers.) The asset has been fully depreciated The asset was sold to a customer The equipment assigned to the asset was moved. The asset was partially scrapped.
True or False: The document type maintained in the asset transaction type is proposed but can be changed manually during posting. True False.
Which transactions lead to asset capitalization? (There are three correct answers.) Purchase order in Purchasing Valuated goods receipt AuC settlement Intracompany transfer Non valuated goods receipt.
True or False: In both the ledger and accounts approach, the technical clearing account is posted to by all accounting-principle-specific documents. True False.
True or False: When posting an integrated asset sale to a customer, you enter a debit for the customer with posting key 01 and credit for the asset with posting key 75. False True.
When making a partial sale, how can you choose to calculate the amount of value reduction for the asset?
(There are three correct answers.) By quantity By posted depreciation By profit (or Joss) By retirement amount By percentage.
True or False: To post intercompany asset transfers, you maintain the cross company code clearing accounts. True False.
When you post an amount to an asset in the LVA class that is above the threshold for the maximum value, how does the system respond? The system produces an error message; for you to post, you must split the
asset or post to another asset class. You receive a warning message; the asset is posted, but the depreciation key
is adjusted to normal depreciation. The system posts the value up to the L VA threshold and posts the rest to the
generated asset subnumber. The system adjusts the asset quantity to the value that keeps the asset
below the maximum threshold.
You have an invoice for transport expenses for your AuC. These expenses can be capitalized per !FRS but not in the local GAAP. What is the best way to handle this? Post the invoice to the AuC and manage settlement per depreciation area Post the invoice to a clearing account and clear it per ledger group (capitalize
for IFRS, expense for local GAAP). Post the invoice to AuC, and, after settlement, post a partial scrapping for
the local depreciation area. Post the invoice twice: once as an expense to the local ledger group and
once more to !FRS.
The cross-company code depreciation area is required in which of the following intercompany transfers? For all intercompany asset transfers For transfers with nonmatching depreciation areas For transfers between company codes in different countries For transfers where you also change the asset class.
An online test run for depreciation is limited to how many assets? 100 1000 10000 No Limit.
True or False: You can select to execute the depreciation posting run for a single depreciation area. True False.
True or False: With the depreciation run completing even when assets have errors, you no longer should worry about fixing assets with errors True false.
When should fiscal year close for Asset Accounting be carried out? Directly before balance carryforward Directly after balance carryforward When the previous fiscal year is closed When the last nonspecial period of the previous year is closed.
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