A Company code is called an Asset Accounting Company code when it uses A Chart of Accounts only A Country specific Chart of Depreciation only A Chart of Accounts and A Country specific Chart of Depreciation only A Chart of Accounts, A Country specific Chart of Depreciation and an Asset Master Record A Chart of Accounts, A Country specific Chart of Depreciation , an Asset Master Record and an asset transaction. Various bodies ( internal and external ) may analyze a given asset and related depreciation using different methodologies and SAP handles them through separate depreciation areas.
Pick out the correct statement(s) from the following:
(More than one answer is / are likely to be correct) You can create a depreciation area after building up your asset master record(s) You cannot create a depreciation area after building up your asset master record(s) You can delete a depreciation area after building up your asset master record(s) You cannot delete a depreciation area after building up your asset master record(s) You can deactivate a depreciation area after building up your asset master record(s) You cannot deactivate a depreciation area after building up your asset master record(s). Pick out the correct statement(s) from below ( more than one may be correct ) :
Each depreciation area is likely to behave differently as regards posting of APC and (or) depreciation values to the General Ledger.In the standard SAP system , there can be depreciation area(s ) permitting APC postings in real time but without allowing depreciation postings to the General Ledger not permitting APC postings but allowing periodic depreciation postings to the General Ledger not permitting APC postings but allowing real time depreciation postings to the General Ledger not permitting APC Postings and Depreciation postings to the General Ledger permitting APC postings in real time and periodic depreciation postings to the General Ledger permitting APC postings in real time and depreciation postings in real time to the General Ledger. Please select the incorrect statements from the list below: Your company code can be assigned to a chart of accounts created as a new entry Your company code cannot be assigned to a chart of accounts created as a new entry Your company code cannot be assigned to a chart of depreciation created as a new entry Your company code can be assigned to a chart of depreciation created as a new entry Your company code can manage fixed assets without the assignment of a country specific chart of depreciation Your company code must manage fixed assets without the assignment of a country specific chart of depreciation. A Chart of depreciation is maintained at Company code level is maintained at Client level is created at both Company code and Client levels and the user can select one from out of the two is maintained at Document level does not have any level related hierarchy is maintained at Controlling area level since depreciation is a cost having impact in CO module. Pick the correct statement(s) from below:
Creation of Asset Class is at Country Level Asset Class is at Company Code Level Asset Class is at Client Level Asset Class is at Chart of depreciation level Asset Master is at Country Level Asset Master is at Company Code Level Asset Master is at Client Level Asset Master is at Chart of depreciation level Asset Master record is created at Company level. An Asset class does perform one or more of the following activities: Assigns company-centric (or) company code centric asset number to asset master records determines the transaction type(s) and transaction type groups for the asset contains the account determination key to identify transaction-specific general ledger accounts requiring updation contains the account determination key to identify the maintenance level of fields in assets ( viz. class / main number / sub number levels ) contains the screen lay out to determine the status of every field in the master data section and depreciation area section of the asset binds together assets with similar functionality binds together depreciation keys in a chart of depreciation. Pick out the incorrect statements: Assets under construction is an asset class which employs a depreciation key GWG ( viz. 100 % depreciation) Low Value Assets Class (5000 in IDES) employs a depreciation key GWG (viz. 100 % depreciation) Low Value Asset Class requires a minimum value cap to be set for assets to be treated as assets of low value Low Value Asset Class requires a maximum value cap to be set for assets requiring to be treated as assets with low value. Asset Acquisition in SAP can be Integrated without generation of a Purchase Order Non Integrated without generation of a Purchase Order Through Logistics Module using a Purchase Order. You can create / edit Transaction Type Group but not Transaction Type Transaction Type but not Transaction Type Group Transaction Type and Transaction Type Group neitherTransaction Type nor Transaction Type Group. An Asset Class performs the following functions: Numbers assets either company code centrically or company centrically Manages each field in the asset master record in terms of its status and level of maintenance Bridges the chart of depreciation and chart of accounts for accounting purposes Groups together assets with similar functionality Controls the transaction types of assets Controls the depreciation methods of assets manages the cost center of Asset Master Records. An Asset retirement
(More than one option is correct) can be carried out without revenue from such retirement can be carried out with revenue from such retirement can be carried out for the entire asset can be carried out for a portion of the asset by way of sale cannot be integrated or non-integrated through sale with such retirement revenue listed in the profit and loss account and the profit / loss arising through such sale is reflected as a note to the financial statements. An Asset transfer of the following type is said to be intra-company code asset transfer
(More than one answer may be correct ) General Manager of Company Code AAAA based in Newyork is transferred on promotion as Vice President to Company code BBBB in Boston ( both company codes belong to the same group of companies ) and wishes to take her car allotted by the former company code A car procured was wrongly accounted by the accounts clerk under the asset class machinery and a corrective posting is sought The Management bought a combo pack comprising a computer, printer, keyboard and mouse and want to manage each component of the pack individually for accounting and control purposes A Truck bought by company code MMMM is considered redundant and transferred through sale to you who is an outsider. Using the new value method of asset transfer from one company code to another the loss / profit arising , if any, on such transfer is absorbed by the source company code the loss / profit arising, if any, on such transfer is absorbed by the target company code the loss / profit arising, if any, on such transfer is shared by the source and target company codes. A Depreciation Key may comprise one or more of the following depreciation methods Planned Depreciation Base Method Special Depreciation Declining Balance Unplanned Depreciation Multi-level Unit of Production Derived Maximum Amount Period Control. An asset transfer is not possible through the use of a Cross Depreciation Area if the number of depreciation areas in the sending company code do not match with those of the receiving company code True False. Pick out the correct statement(s) from below:
(More than one may be correct) A repeat option when executing the depreciation program ensures completion of depreciation in case of missed asset postings A unplanned run option when executing the depreciation program ensures completion of depreciation in case of an earlier aborted depreciation run A restart option when executing the depreciation program ensures completion of depreciation in case of missed asset postings A restart option when executing the depreciation program ensures completion of depreciation in case of an earlier aborted depreciation run An unplanned run option when executing the depreciation program permits depreciation posting of more than a single posting period in one shot. Please pick the correct sequence of closing operations and related programs in ECC 6.0 from the statements given below: Depreciation Run (RABUCH00),Fiscal Year Change(RAJAWE00),Year End Close (RAJABS00) and Undo (SAPLOA06, if required) Depreciation Run (RAPOST2001),Fiscal Year Change(RAJAWE00),Year End Close (RAJABS00) and Undo (SAPLOA06, if required) Depreciation Run (RAPOST2000),Fiscal Year Change (RAJAWE00),Year End Close (RAJABS00),Periodic APC Posting (RAPERB2000) and Undo (SAPLOA06, if required) Depreciation Run (RAPOST2001),Fiscal Year Change (RAJAWE00),Periodic APC Posting (RAPERB2000),Year End Close (RAJABS00) and Undo (SAPLOA06, if required) Depreciation Run (RAPOST2000),Fiscal Year Change (RAJAWE00),Periodic APC Posting (RAPERB2000),Year End Close (RAJABS00) and Undo (SAPLOA06, if required). A Sort variant in SAP comprises 20 maximum levels and is always pre-defined in SAP comprises 20 maximum levels and can be created as a New Entry in SAP comprises 5 maximum levels and can be created as a New Entry in SAP comprises 5 maximum levels and is always pre-defined in SAP. The option of Curb in asset accounting allows a time dependent change in the depreciation area of the asset master record an accelerated depreciation rate with regard to functioning assets already written off in books a decelerated depreciation rate with regard to functioning assets already written off in books. Non-updation of an index series for the current fiscal year pegs the inflationary cost of the asset and the related depreciation to the latest static values updated True False. Depreciation forecasting per depreciation area can be done in one or more of the following ways: Forecasting of a singular asset can be carried out in the asset explorer in a single activity Forecasting of multiple assets can be carried out in the asset explorer in a single activity Forecasting of multiple assets can be carried out by using a simulation variant in a single program activity (RASIMU02) Forecasting of a singular asset can be carried out in the asset explorer in a single activity using the transaction simulate option Forecasting of multiple assets can be carried out in the asset explorer in a single activity using the transaction simulate option.
