The subsidiary ledgers are always in balance with the corresponding G/L reconciliation accounts. True False .
Acquisition from in-house production is the capitalization of goods or services that are partially or completely produced by the enterprise. The costs for these in-house produced goods or services cannot be capitalized to assets. True False.
Choose steps in sequence in order to capitalize inhouse production cost on assets: Create an investment measure (order or project) in Investment Management (IM) Settle to an asset under construction (AuC) Settle AUC to final asset.
Please select the methods of posting external acquisitions (acquisition of an asset from a business partner): In FI-AA with AP integration, the posting is done when an incoming invoice is available without any reference to a purchase order. In FI-AA with automatic offsetting entry, but without a link to a purchase order and any AP integration, the posting is done when the invoice has not been received yet, or when the invoice was posted by the AP department beforehand in a separate step. The offsetting account also has to be cleared. In FI-AA with offset clearing, the first posting is made in AP accounting. The asset posting also clears the clearing account. In Materials Management (MM), the posting and activation of the assets takes place in Logistics (LO).
it is not possible for both AP and AR departments to make postings in the opposite order if an asset is entered with automatic offsetting entry. True False.
Document splitting characteristics delivered by SAP as standard are the following: profit center cost center business area segment order.
Entry in Assets can be posted without transaction types. True False.
Transaction types are used to identify acquisitions, retirements, transfer postings etc. True False.
You cannot limit the transaction types to specific depreciation areas . True False.
Transaction types are predefined by SAP. You cannot define your own transaction types. True False.
Every transaction type is assigned to a transaction type group and cannot be changed by individual customers. True False.
The Asset Explorer provides functions that enable you to complete the following tasks: Calculate depreciation transparently and display details about the depreciation key Go to FI document Display value development over several years and at the same time in several depreciation areas Convert currency amounts Call asset reports Make Depreciation Run Create new assets Print and export functions Simulate transactions and depreciation term changes.
At the time of the first acquisition posting, the following information is automatically set in the asset master record: Date of asset capitalization Cost Centre Date of initial acquisition on the relevant master record Acquisition year and acquisition period Profit Centre Unit of Measurement.
The date of asset capitalization is derived from the ____________. Posting date Asset value date Document date Depreciation date.
The date of initial acquisition on the relevant master record is derived from the _____________. Posting date Asset value date Document date Depreciation date.
The acquisition year and acquisition period of asset master are derived from the ________. Posting date Asset value date Document date Depreciation date.
When you post the acquisition integrated with AP, the system automatically enters the vendor in the __________ tab page of the asset master record. Origin Manufacturer Evaluation Group.
The system determines the start date for ordinary depreciation using the asset value date of the acquisition posting with the period control method. True False.
The system determines the start date for ordinary depreciation using the asset value date of the acquisition posting with the period control method. The period control method is maintained in the deprecation area. True False.
The system does not stores the depreciation start date in the depreciation areas of the asset master record. True False.
The ___________ is the actual date on which the asset is activated.
Posting date Asset value date Document date Depreciation date.
The asset value date, along with the deprecation key, determines the depreciation start date for each depreciation area. True False.
The posting date and the asset value date can be in different fiscal years. True False.
The number range interval for the assignment of FI document numbers created in asset accounting is defined in the____________. document type depreciation area asset master company code.
Although the document type is client-specific, you need to create the number range interval for the FI document specifically for the company code. True False.
You can maintain intervals in Customizing, for example, using Customizing transaction FBN1. If it is not possible to define the FI document number assignment as year-dependent, you can enter a future year (up to the year 9999) in the year column of the maintenance transaction. True False.
The document type is ________-specific and is a _____-character alphanumeric entry. Client and two Company code and two Client and four Company code and four.
In the definition of the document type, you specify the account types allowed when entries are posted with a particular document type. You also define whether an FI document that was created with the corresponding document type is posted as gross or net. True False.
FI document in Asset Accounting that was created with the corresponding document type is posted as gross or net. In this case, the gross or net descriptions refer to tax issues. True False.
The gross or net descriptions in FI document in AA does not refer to tax issues. They describe the function whereby the system automatically calculates the cash discount amount and deducts it from the capitalization amount of the asset (net document type), or capitalizes the asset without the cash discount amount (gross document type). True False.
The standard SAP system includes the following standard document types for FI document in AA: Gross document types AN and KN and Net document types AA and KR True False.
Without document splitting in FI-AA, when we Post the integrated receipt as a gross document type, but then take a cash discount deduction at the time of payment, how Capitalization of Assets is updated? Automatically correct the capitalization amount Use the FI program SAPF181 (Profit and Loss Adjustment) to deduct the cash discount amount afterwards to show the correct capitalization amount on the assets. Unable to correct the capitalization amount.
Without document splitting in FI-AA, when we Post the integrated receipt as a net document type, the cash discount amount is posted to a cash discount clearing account first. But if we do not take the full cash discount at the time of payment then how it affects the capitalization amount of assets Automatically correct the capitalization amount Use the FI program SAPF181 (Profit and Loss Adjustment) to show the correct capitalization amount on the assets. Unable to correct the capitalization amount.
With new General Ledger Accounting, the profit center, segment, and business area are stored in the general ledger (G/L) tables. It is possible to derive profit center, segment, and business area from asset master record. True False.
Before SAP ERP 6.0 Enhancement Package 4, it is not possible to maintain the profit center and segment in the asset master record. The FI document contains the derived information. True False.
Before SAP ERP 6.0 Enhancement Package 5, you have to define the _________________(APC Values Posting) to derive the profit center and segment. You define the _____________ for CO account assignment objects in the respective depreciation area (depreciation area 01). Company Code Account assignment type Depreciation area Asset Master data Account assignment key.
Before SAP ERP 6.0 Enhancement Package 5, The following issues may arise as the profit center and segment cannot be maintained directly in the asset master data: There is no check for a unique profit center and segment assignment directly in the asset master data. The reconciliation between the G/L and subledger in FI-AA, regarding the profit center and segment, is not always guaranteed. Depreciation shall not be calculated and posted Evaluation groups are not maintained.
The characteristics of segment reporting after activation are as follows: The profit center and segment characteristics appear in the FI-AA Customizing table of additional account assignment objects. They are activated (XACTIVE field) by default and marked with the Agreement checkbox (XIDENT field). The activation cannot be reversed. The activation can be reversed.
The profit center and segment characteristics appear in the FI-AA Customizing table of additional account assignment objects. They are activated (XIDENT field) by default and marked with the Agreement checkbox (XACTIVE field). True False.
With reference to segment reporting in FI-AA, Business functions are activated all clients in a system in the transaction code _______. SFW3 SFW2 SFW4 SFW5.
The account assignment object is the same in the asset master record and for posting. Select the agreement checkbox (XIDENT) if you want to prevent the account assignment object from being changed when the account assignment is made. This indicator ensures that account assignment is only applicable to the account assignment object entered in the asset master record. True False.
The agreement checkbox (XACTIVE) is essential during posting to guarantee that the segment and profit center values are the same as in the asset master data. True False.
After the account assignment objects for the profit center and segment have been activated, these items become disappear from the screen layout for asset master data. True False.
Segment field in asset master can be supressed if profit center and segment are activated. True False.
As of Enhancement Package 4, fields for the profit center and segment have been added to table ANLZ so that the profit center and segment can be saved in the asset master record. But, to display the fields in the asset master data, business function FIN_GL_REORG_1, Enhancement Package 5, and the activation of Segment Reporting in FI-AA are needed. True False.
If a CO object (for example, cost center T-F05A00) is maintained, the FI objects, profit center, segment, and business area are still derived. This is because the profit center and segment characteristics have been saved in the asset master record. True False.
If you maintain two CO objects in the asset master record that have different profit centers and segments, error message AIST009 appears stating that the profit center is not unique. True False.
In EHP4 with active segment reporting in FI-AA, you need to define the account assignment type APC Values Posting explicitly for the profit center and segment. True False.
In Enhancement Package 5 and earlier, profit center derivation and segment derivation for posting asset acquisitions is defined by account assignment type 01 APC Values Posting. This account assignment type applies to the CO objects that correspond to the asset as defined in transaction ACSET. True False.
In EHP5 with active segment reporting in FI-AA, If you do not maintain the account assignment type (APC values posting) for the new account assignment objects, such as profit center and segment, the system can derive these entities from the asset master record. True False.
In order to derive profit center and segments during asset acquisition (posting truncation), it is required that the field status of the G/L account and posting key, Profit Center and Segment fields must be the optional entries. True False.
The Profit Center and Segment fields can be changed in the posting transaction of Assets. True False.
You can display a segment in the Asset Explorer along with profit center in business objects. True False.
SAP system offers a program to derive profit center or segment for created or activated assets if a unique dervication is possible. The program name is: FAGL_ASSET_MASTERDATA_UPD FAGL_ASSET_MASTERDATA_UPDATE FAGL_ASSET_MASTERDATA_CRT FAGL_ASSET_MASTERDATA_CHG .
The program FAGL_ASSET_MASTERDATA_UPD produces the following two spool lists which are as follows: Information about whether the profit center and segment can be derived for an asset and from which CO object. Information about which assets were changed (green traffic light) and which assets were not changed (red traffic light) because of other master data inconsistencies. Information about which assets are not included It provides three spool lists.
The following are prerequisites to run program FAGL_ASSET_MASTERDATA_UPD: The Balance sheet checkbox (field name XBILA) for profit center and segment account assignment has to be inactive. The segment reporting check box has to be inactive The Reorganization for Fixed Assets checkbox has to be inactive. The asset master data update checkbox needs to be updated.
During Posting of Asset Acquisition with Clearing Account, In the G/L, the clearing account is cleared in a separate step either manually or by running the automatic clearing program SAPF124. True False.
Another alternative for non-integrated assets postings is to clear the clearing account when entering the second part of the posting. For this process, use transaction code _____ F-90 F-91 F-70 F-75.
With the new features of the automatic offsetting entry, user can create a new asset master record when posting and post several existing asset master records in one step True False.
If asset acquisition postings are not integrated with MM, then use a clearing account. The more comfortable way is to use of a G/L account without open item management. True False.
The reason for making integrated postings without MM is that One posting is made to the clearing account from accounts payable (AP) and one from FI-AA (posting record from debit to asset and credit to clearing account). The sequence is determined by the transactions. True False.
The logistic processes or activities of asset acquisition with MM are as follows: Creation of Asset Master Data Creation of Purchase Requisition (PReq) Create a purchase order (from PReq) with assignment category A (A = Asset) Post the goods receipt Post the invoice receipt Post depreciation.
Can master data of assets be created while making Purchase Order transaction in MM? Yes No.
When you enter the purchase order, you determine whether the asset is activated on posting the goods receipt (non-valuated goods receipt) or posting the invoice receipt (valuated goods receipt). True False.
The valuated goods receipt is used when the goods receipt takes place before the invoice receipt. When the invoice is received later, differences may occur between the invoice amount and the amount posted at the time of the goods receipt. In this case, adjustment postings are made to the asset. True False.
What is date of capitalization in non-valuated goods receipt? Date of PR Date of PO Date of GR Data of Invoice posted in SAP.
What is date of capitalization in valuated goods receipt? Date of PR Date of PO Date of GR Data of Invoice posted in SAP .
When you select the Asset Retirement checkbox while posting to the revenue from the asset sales account, a dialog box appears. Please select the correct data that is required in this dialog box if it does not appear by default: Asset number Retirement transaction type Depreciation end date Asset value date (date of retirement) Portion of an asset being retired or complete retirement indicator.
In a complete retirement with revenue, the system automatically calculates the gain or loss. True False.
Please select different ways of posting retirements: Retirement with revenue and customer (integrated asset retirement) Retirement with loss and customer (integrated) Retirement with revenue but without customer (not integrated) Retirement with loss but without customer (not integrated) Retirement without revenue (asset retirement by scrapping) Retirement of mass asset (with worklist) Retirement of several assets (within the manually posted retirement transaction).
The values of the accounts for revenue from asset sales and clearing asset retirement can be shown in notes to the financial statement. True False.
The system determines the asset retirement period based on the__________. Posting date Document date Asset retirement date (Asset Value date).
The gain or loss result from asset retirement depends on the balance of the following: Amount of the asset retirement Amount of value adjustments Revenue (for example, the sales price) that is received for the asset Currency Asset retirement date.
Please select the sequence wise steps to carry out a mass retirement of assets: Use an asset report to create a list of assets to be retired Create a worklist Select a purpose for the worklist, such as retirement without revenue or retirement sale with revenue. Enter the revenue distribution. Process the worklist, or edit the worklist before releasing it.
Assets can be transferred within company code (intra company transfers) but cannot transferred between different company codes (inter company transfers) True False.
One of the transfer variant functions is to determine the transaction type, with which the transfer is recorded in the source and target asset. True False.
In Automatic Intercompany Asset Transfer, the system automatically determines the relationship type using the company IDs of the company codes. True False.
Assets cannot be transferred if company codes pertains to different company IDs. True False.
The (global) ________ is defined as the smallest organizational unit where individual financial statements are required according to the relevant commercial law. This means that a legally independent unit can be reflected by the ________. Client Company Functional Area Profit Center.
For transfer of assets, In the case where both company codes belong to the same company (ID), SAP refers to a transfer of relationship type ___. Both company codes are to be considered legally dependent. 01 02 Dependent Independent.
The company codes are not linked to one another through the company, but still belong to a single company group (mapped using the client or group). This arrangement can also be redefined using a transfer of relationship type ___. 01 02 Dependent Independent.
You can use automatic intercompany transfer to enter the acquisition and retirement parts of asset transfers in a single step. True False.
There are three transfer methods for assets in intercompany transfers of assets: Gross Method Net Method New Value Method Old Value Method APC Method.
Most transaction types for intracompany transfer are used with the gross transfer method. If you select the gross transfer method, you will not have to add sales revenue to the asset because the historical values of the asset are automatically transferred to the target company code. True False.
When you use the net transfer method or new value method, you will have to enter sales revenue. If there is no gain or loss on the asset retirement, the sales revenue equals the net book value of the asset. Using the net method, the net book value of the source company code is capitalized on the target asset. True False.
When you use the new value method for asset transfer in intercompany, the system capitalizes the amount of the ________ on the target asset. book value present value (nbv) sales revenue fair value.
If company codes are assigned to different charts of depreciation, the charts may contain different depreciation areas (different keys or different area IDs) but have the same functions. Therefore, you must define cross-company depreciation areas before an asset transfer. True False.
Cross-company depreciation areas do not have their own control parameters. Instead, they consist of a short description and a key that is uniform throughout the client True False.
If a corresponding cross-company depreciation area is not defined, the system enters a/an ____________ as a generic entry for the cross-company areas. Double backslash (//) asterisk (*) dash (-) Single backslash (/).
If you decide to use cross-company depreciation areas, you need not to define a cross-company depreciation area for all other depreciation areas that are transferred, even if the depreciation area keys are the same. True False.
There are two phases of AUC in FI-AA: The under construction phase The useful life phase Completed Phase Purchasing phase.
The transfer from the under construction phase to the completed assets is referred to as ___________ of the AuC. Purchase Transfer Capitalization Buyout.
You can manage AuC in FI-AA in the following ways: As a normal asset master record for summary settlement and as an asset master record with line item management. True False.
An AUC can be settled to more than an assets True False.
Please select procedure to settle the AuC on a line item basis to one or more completed assets: Assign a settlement profile (SAP standard profile = AI) to your company code in Customizing for Asset Accounting Transactions → Capitalization of Assets under Construction → Define/Assign Settlement Profiles Select all line items that you want to settle in the same value amount to the same receiver Define the distribution rules for these line items Post the settlement of line items to the specified receivers using the distribution rule Define depreciation keys Define cost center.
In addition to the normal depreciation that you can schedule using depreciation keys, you can also schedule __________ depreciation for individual assets manually in Asset Accounting (FI-AA). Unplanned Manual Not to be posted.
When you enter the relevant transaction type, the system recognizes that you want to post an unplanned depreciation. You can select the depreciation areas (Book depreciation, Special tax depreciation etc) for which you want to enter depreciation in a dialog box. True False.
When we manually scheduled the unplanned depreciation the system creates a Financial Accounting (FI) document. True False.
As you have only manually scheduled the depreciation, the system does not create a Financial Accounting (FI) document. This FI document is not generated until the depreciation posting program is running. True False.
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