Following are the organizational units in FI-AA: Client Company Code Segment Business Area.
Each business area is regarded as a financially separate unit for which an internal balance sheet and profit and loss statement can be created. True False.
Following are the organizational units in FI-AA: True False.
Each company code can use more than one chart of accounts and chart of depreciation at a time. True False.
Multiple company codes can work with the same chart of accounts and the same chart of depreciation. True False.
The depreciation areas in a chart of depreciation are defined with a two-digit numeric key. True False.
You can use different valuation approaches for the following purposes: Book depreciation (according to local requirements), Balance sheets for tax purposes (if another valuation is permitted), Cost accounting depreciation, and parallel accounting for creating a consolidated balance sheet according to IFRS or U.S. GAAP, for example. All these valuation approaches are mapped in the SAP system through __________ Depreciation keys Depreciation areas Chart of Accounts Chart of Depreciation.
It is not possible to assign objects in FI-AA from other applications (with controlling functions) in addition to the purely CO objects True False.
Following are the objects in addition to purely CO objects than can be assigned to FI-AA: Work breakdown structure (WBS) element Real estate object Maintenance order: purely statistical information Sales Order Objects from Public Sector Management (PSM).
The deprecation from any depreciation area can be posted to the following CO objects: Cost center Real order WBS element Cost center and statistical order Cost center and statistical WBS element Real estate object Objects from PSM.
It is possible to assign one asset to two cost centers at a time. True False.
You can assign an asset to a (real) order that can then be (periodically) settled to the respective cost centers. True False.
Asset Accounting operates as subledger of FI. True False.
Financial statements are not required for the values of all depreciation areas True False.
When using the accounts approach, you have the following options for Depreciation Areas posting of depreciation to GL: (Match the correct Combination) Area does not post any values to FI Area posts asset values to FI online in real-time – depreciation periodically Area posts asset values and depreciation periodically Area only posts depreciation periodically Area posts asset values directly and depreciation periodically.
With periodic asset value posting (program _________), you can post asset values from depreciation areas other than the depreciation area 01 to the G/L. RAPOST2000 RAPERB2000 RAFERB1000 RAPOST1000.
Depreciation is always posted on a periodic basis. Program RAPOST2000 is used for doing so. True False.
You can also define depreciation areas for reporting purposes only. When you use this approach, the depreciation area post values to the G/L. True False.
You can post the asset values and depreciation values from the individual depreciation areas to separate financial statement accounts or profit and loss accounts. True False.
You can define any number of financial statement versions according to the chart of accounts. The definition is made in Customizing for the G/L. True False.
Each asset can be assigned to more than one asset class. True False.
Asset classes are created at the client level. True False.
Each asset class consists of two main sections, which are: Master data section Time dependent section Controlled data section Depreciation data section.
An asset class can be linked to multiple charts of depreciation. This linkage enables a class catalogue that is globally uniform inspite of different depreciation areas. True False.
You cannot configure the asset class with default values for master data information and depreciation terms for each depreciation area. True False.
Besides the default values, asset classes also carry control data, such as account determination, number range interval, and screen layout. True False.
The ________ is the main criterion for classifying assets. Asset master Asset class Depreciation area Asset key.
You cannot define asset classes for assets under construction and low-value assets. True False.
Which of the following control data is carried by asset classes? Number range interval Insurance type Account determination Screen layout.
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