Sap fi certification practice test

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Title of test:
Sap fi certification practice test

Description:
TFIN52

Author:
B. Bell
(Other tests from this author)

Creation Date:
03/09/2008

Category:
Others
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Content:
A chart of depreciation is used to map asset values to the g/l True False.
charts of depreciation are managed at the client level True False.
Depreciation areas are limited to a two space alphanumeric key. True False.
A depr. area can manage more than one currency True False.
More than one depr area can be mapped to post into the g/l True False.
assets can be attached to more than one cost center in case two or more cost centers manage the asset T F.
all additional account assignment objects for the posting of depreciation are enabled and ready for use T F.
asset classes are managed at the company code level T F.
Depr on an asset can only be charged to cost centers and internal orders T F.
asset classes can have default values set for depr keys, useful life, and screen layout rules T F.
asset classes must be created for assets under construction and low value assets T F.
Asset classes control number range assignment for documents, screen layouts, and account determination rules. T F.
sap supplies sample charts of depr that are based on the requirements of each country T F.
Business areas must be assigned to company codes T F.
multiple financial statement versions do not have to be defined if more than one area posts to the g/l T F.
Asset classes are used as a template for the creation of asset master records in a company code T F.
Multiple company codes can share the same asset. T F.
asset classes consist of two main sections - a master data section and a valuation section T F.
Default values are defined by the combination of asset class and depr areas T F.
The account determination key provides account assignment by the combination of chart of depr and chart of accounts T F.
number ranges for asset master records can only be internally assigned T F.
number ranges for asset master records are independent of organizational object T F.
number ranges for asset master records can be shared by company codes in asset accounting. T F.
which of the following are true? (more than 1) The screen layout rule table defines field status, maintenance level, and number ranges for the assets. The evaluation group field lables can be changed in configuration. One of the key factors in determining whether to use one client or multiple clients for a live system, is the amount of data sharing required by the company. Maintenance levels of the asset are only at the asset class and main asset number levels.
which of the following are true? (more than 1) The screen layout rule table defines field status, maintenance level, and number ranges for the assets. The evaluation group field lables can be changed in configuration. One of the key factors in determining whether to use one client or multiple clients for a live system, is the amount of data sharing required by the company. Maintenance levels of the asset are only at the asset class and main asset number levels.
user entries can be defaulted into the master record T F.
SAP delivers depr area 10 for standard cost accouting entries T F.
which of the following are true? (more than 1) If a capital investment order or WBS is referenced in the asset master record, real postings can be made to those objects. for low value assets, amount checks can be set at the individual or quantitiy level. low value asset values are only checked if the posting originated in A/P or a standard asset only posting. when creating multiple assets, populating the number of similar assets field streamlines asset creation. post capitalization will post depr from prior years into the current year.
which of the following are true? (more than 1) master data time-dependent intervals can be made when creating an asset. asset changes can be viewed at the asset or field level equipment master records can be syncronized down at the plant and object type level. scrap value sets a floor for the end of depr on an asset changeover year set at the asset level will override configuration settings.
which of the following are true? (more than 1) assets with subnumbers can't be retired until the main asset it references is retired as well personal value lists set a cap on how much any individual can post to an asset. personal value lists are limited to 99 lines, but all values can be displayed as well master data substitutions are limited to constant value entries mass processing in assets always originates from the report environment.
which of the following are true? (more than 1) if workflow is not desired, worklists should not be assigned to any specific user only one field can be substituted for any given step substitutions can be entered in the form builder or expert modes, or both the 4 types of mass processing are master data changes, retirements, transfers, and scrapping assets are considered to be a subledger to the general ledger.
which of the following are true? (more than 1) postings can be made directly to the g/l account for assets. the 3 types of postings are integrated, non-integrated, and through logistics. postings using non-integrated transactions offset to a clearing account that should be set as open item managed. the transaction document is generated based on the transaction type set by internal postings. asset explorer cannot handle simulation scenarios.
fields updated in the master record after original posting include the posting information and depr area fields. T F.
capitalization date is created by the posting date. T F.
if the initial transaction to an asset is driven by a vendor entry, the origin field is populated. T F.
Net postings capitalize an asset with the discount taken at time of payment. T F.
acquistion transactions types determine whether an asset will be capitalized. T F.
transaction type groups are used for reporting purposes as well as restricting asset transactions to certain classes. T F.
transaction type groups can be user defined and are changeable. T F.
good receipts can be set as a non-valued transaction. T F.
Group assets can take values from main assets for any area. T F.
Asset sale postings can be posted to any revenue account, provided the account field status is set correctly. T F.
Retirements with revenue constitute a true revenue to the company selling the asset. T F.
which of the following are true? (more than 1) the revenue options for mass assets sales are based either on APC or net book value asset transfers create a new asset on the receiving entity for intracompany asset transfers, transfer variant 1 should be used the 3 delivered methods for asset transfer are gross, net, and new value.
which of the following are true? (more than 1) a transfer variant contains the method, the relationship type, and the transaction type group affected. the cross company depr area does not hold any asset values. assets under construction are managed at the summary level asset master record subnumbers can either be internally or externally assigned the account assignment category in the PO drives whether an asset will be posted or not.
which of the following are true? (more than 1) indexes are used for inflation managment and insurance reasons. fiscal year change is done with regard to balance carryforward for the g/l close. the 3 types of depr SAP supports are ordinary, special, and unplanned special depr also follows for depr based on units of production. assets can carry negative book value.
when creating dependent areas, the transfer of APC values are the only transfers that can be created. T F.
which of the following are true? (more than 1) when posting unplanned depr, only area 1 will get posted calculation methods replace the internal calculation key of the depr key. if a method won't be considered by the type of depr, it doesn't have to be entered into the depr key. depr keys can be entered as a default value for a particular company code or depr area the 5 calculation methods are base, declining-balance, maximum amount, multilevel, and period control.
which of the following are true? (more than 1) the 4 period control methods are based on acquisition, retirement, transfer, and settlement. asset value dates can be derived only by SAP delivered logic in ECC 5.0, period intervals refine the calculation of depr. parameters that can be changed on a time dependent basis are depr key, useful life, variable depr amount, absolute scrap and percentage scrap. Index values can have only year based calculations.
which of the following are true? (more than 1) all errors must be resolved before the depr can post in 4.7 and above only real CO objects can be posted, although statistical postings can be made to other objects. Depr can be posted to the day, given that the proper setting is made in the depr key. document types are not necessary for periodic APC postings, only realtime postings. sort characteristics for asset reports can include up to 10 different fields.
which of the following are true? (more than 1) simulations can be done using both asset explorer and reporting simulation versions can either use substitutions or characteristic combinations. message settings for validations are information, warning, error, and cancel. the character for wild card values in validation messages is "&" comparisons in validations can include can include partial field comparisons, field constant comparisons, and pattern comparisons.
which of the following are true? (more than 1) single sets can mix characters the statuses of activation for validations are inactive and active substitution methods are constants, user exits, and field comparison the three sets are basic, single, and multi sets. rules can use sets for more efficient validation and substitution formulas.
the asset history sheet report depends on transaction type groups to summarize postings for the report T F.
the 3 callup points for validations are header, line item, and company code T F.
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