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ERASED TEST, YOU MAY BE INTERESTED ONTFIN52_1 - Unit 4: Periodic Processing and Valuation

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Title of test:
TFIN52_1 - Unit 4: Periodic Processing and Valuation

Description:
Financial Accounting II - Part 1 – Unit 4 : Periodic Processing and Valuation

Author:
AVATAR

Creation Date:
01/03/2019

Category:
Others

Number of questions: 57
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Content:
Please select the periodic processing activities performed in FI-AA Primary cost planning Investment support Inflation management Currency management Depreciation management Schedule Manager.
_________________ is a subsidy that a company receives for certain asset investments. Assets eligible for such a subsidy are marked in the asset master records with a/an _____________ key. All specifications for claiming the ____________ are stored in the definition of this key. You can manually post the implementation of ___________ measures for each individual asset. Primary cost planning Inflation management Investment support Cost support.
You can identify the depreciation areas in the system by a __________ key. two-character numeric key two-character alpha numeric key four-character numeric key four-character alpha numeric key.
Depreciation area is a two character numeric key that used different types of valuations i.e. book depreciation, special tax depreciation etc. True False.
With the help of different types of valuations of depreciation area, one may define the depreciation areas for reporting reasons only. Depreciation areas show values and calculate depreciation, but do not post any values to the G/L accounts. True False.
With the help of different types of valuations of depreciation area, one cannot define how posting values and depreciation terms can be transferred to other areas. True False.
The system supports the following depreciation types for each depreciation area: Ordinary depreciation Special depreciation Unplanned depreciation Unit-of-production depreciation Complete depreciation.
______ is the planned reduction in asset value due to normal wear and tear. Ordinary depreciation Special depreciation Unplanned depreciation Unit-of-production depreciation.
________ represents a purely tax-based type of depreciation for wear and tear. This form of depreciation allows for depreciating a percentage of the asset value. This percentage may be staggered within a tax concession period, without taking the actual wear and tear on the asset into consideration. Ordinary depreciation Special depreciation Unplanned depreciation Unit-of-production depreciation.
__________ concerns unusual circumstances, such as damage to the asset that led to a permanent reduction in its value. Ordinary depreciation Special depreciation Unplanned depreciation Unit-of-production depreciation.
___________ depreciation allows you to take fluctuations in activity into consideration for the depreciation calculation. The amount of depreciation is dependent on seasonal usage of the asset (for example, how many kilometres a truck is driven or how many units a machine produces). Ordinary depreciation Special depreciation Unplanned depreciation Unit-of-production depreciation.
Calculation methods of depreciation are assigned to depreciation keys. These methods include: Base method Declining-balance method Maximum amount method Multilevel method Period control method Asset sheet valuation method.
Calculation methods of depreciation are assigned to __________ depreciation keys depreciation areas.
You can assign the calculation methods to the depreciation key using the transaction code _____. AFAMA ABAMA FAMAP ABAPC.
Select the advantages of the calculation methods of depreciation in new releases of SAP as compared to the internal calculation key in old releases are as follows: Country-specific requirements are represented by methods specific to a particular chart of accounts. You can avoid using an increasing number of internal calculation keys. Depreciation is automatically calculated Depreciation keys can be entered as default values for a particular company code or depreciation area. Depreciation keys cannot be entered as default values.
You can view the detail list of the calculation methods assigned to a depreciation key from transaction AFAMA, from the asset master record or from the Asset Explorer. True False.
The depreciation terms are not stored in the asset master record. True False.
The system calculates the annual depreciation using the ________ and_________. Depreciation term Depreciation key Useful life Asset value date.
The system determines the depreciation start date using the asset value date and period control method. True False.
Changes to the Customizing settings of the depreciation keys do not automatically correct the depreciation amounts for previously posted or active assets. For that to happen, you need to execute a recalculation of depreciation (for example, in transaction code AS02 for one single asset or with the RAAFAR00 program). True False.
With the solution SAP ERP 6.0 and active Enterprise Extension EA-FIN, the calculation logic for depreciation changed from _________ to _______. period intervals-based calculation, transaction-based calculation transaction-based calculation, period intervals-based calculation straight line, declining method.
The new method for calculating depreciation i.e period intervals-based calculation (using the Depreciation Engine) produces more precise calculations of depreciation amounts. True False.
The new logic in period intervals-based calculation examines how long the same reference value (for example, purchase value or net book value of an asset) is valid within a fiscal year. If there is no transaction on the asset, the depreciation calculation has the same reference value for one year. True False.
Even with the new depreciation calculation, you cannot manage important depreciation parameters time-dependently. True False.
With the new depreciation calculation, you can manage important depreciation parameters time-dependently. The following parameters can be changed on a time-dependent basis: Depreciation key Useful life (year or period) Variable depreciation portion Absolute scrap value Percentage scrap value.
The following are the new features in FI-AA depreciation calculation with SAP ERP 6.0 and active Enterprise Extension of Financial Extension (EA-FIN): Depreciation calculation based on period intervals (usage of the Depreciation Engine) Time-dependent depreciation terms Depreciation can be calculated on double declining method Support for an automatic changeover method. However, this method is not a standard method. You must implement this method using the Business Add-In (BAdI) FAA_DC_CUSTOMER.
If you use time-dependent depreciation terms, the depreciation amounts may be different compared to depreciation calculation before SAP ERP 6.0. True False.
If time dependent depreciation terms are not used, a parameter change effects only future years and has no effect on open fiscal years. True False.
If time dependent depreciation terms are not used, a parameter change effects all open and future fiscal years. This means the system calculates all periods of the open fiscal year all future ones. True False.
The new logic of the depreciation calculation creates new period interval for all the changes during the fiscal year. The change only affects the future periods. True False.
You can define whether interest must be calculated for the cost-accounting depreciation area and whether depreciation must continue below zero. You make these specifications when you define the depreciation areas. True False.
In cost accounting depreciation, depreciation cannot continue below zero. True False.
You can use _______ to index the acquisition value and calculate a replacement value. index series imputed interest index value.
For cost-accounting, you may have to calculate _______ on the capital tied up in assets. Therefore, the system enables you to calculate _________ for each depreciation area. index series imputed interest index value.
The system does not post interest periodically during the posting run of periodic depreciation. True False.
When revaluation or indexing is used in a depreciation area, you can specify a default index series for calculating the replacement value in the asset or asset class. True False.
For each fiscal year, you need not to specify index figures for the index series. If the figures are missing, the system switches to a simulated annual rate. True False.
An indexed revaluation can be calculated for accumulated depreciation and imputed interest if the interest calculation key is based on ________ value. Book value Depreciated value Replacement Sales.
The depreciation run is carried out using the program _________. FAPOST2000 RAPOST2000 FAPOST1000 RAPOST1000.
Program RAPOST2000 posts the following: Ordinary depreciation, such as book depreciation and cost-accounting (imputed) depreciation Tax depreciation or allocation and write-off of reserves due to special tax depreciation Unplanned depreciation or other manually planned depreciation Imputed interest Revaluation of APC or accumulated depreciation Collective Changes in Master data of Assets.
Program RAPOST2000 posts the depreciation amounts in FI-AA and also directly to the G/L accounts. Additional account assignment objects are unable to be posted hence no controlling documents created. True False.
Using a test run during RAPOST2000, you can check for any possible errors, such as locked cost centers. Any errors that occur are displayed in an error list. True False.
Besides defining the Depreciation Run account assignment type for the CO account assignment objects, you have to maintain the account assignment type explicitly for the Profit Center and the Segment characteristic and post depreciation in all areas. True False.
Depreciation Run Program ________ carries out all essential checks during the test run and records any errors unlike its predecessor Program _________. RAPOST2000, RABUCH00 RABUCH00, RAPOST2000 RARUCH00, RAPOST2000 RAPOST1000, RABUCH1000.
Program RAPOST2000 carries out all essential checks during the test run of depreciation run and records any errors unlike its predecessor Program RABUCH00. The errors can be as follows: Incorrect account assignment objects (for example, a cost center that is locked in CO) Missing account assignment types in Customizing for FI-AA (You receive the error message as Account xxxx requires an assignment to a CO object) Missing accounts for depreciation posting Incorrect posting period (related to the posting interval entered in Customizing) on the initial screen of the program RAPOST2000 Missing settings for the depreciation posting cycle in the depreciation area.
If you execute a productive depreciation run, you can see all the documents from the entire period in the posting run log. The corresponding program is called RAPOST2001 and you can find it in the Asset Accounting application. True False.
The fiscal year change program opens new annual value fields for each asset. You cannot start the fiscal year change program in the last posting period of the current year. It has to be initiated in new year. True False.
You must run the fiscal year change program in FI-AA for your entire company code. True False.
You can only process a fiscal year change to a subsequent year if the previous year is closed for business. True False.
Fiscal year change program of FI-AA and year-end closing program for accounting purposes are one and same thing. True False.
If a depreciation area posts the asset balances periodically to the general ledger (G/L), you have to start the report for periodic acquisition and production costs (APC) using the program ___________ at least once in the update run. RAPERB2000 RABUCH00 RAPOST2000 RAJABS00.
The year-end closing program of FI-AA _________ checks whether the depreciation and asset balances are posted comprehensively or if the assets contain errors or are incomplete. RAPERB2000 RABUCH00 RAPOST2000 RAJABS00.
If the year-end closing program of FI-AA RAJABS00 does not find any errors, it updates the last closed fiscal year for each depreciation area. However, the report does not block postings from the asset area to all closed fiscal years. True False.
If a closed fiscal year in FI-AA is subsequently released for posting, it can only be closed again after you run the year-end closing program RAJABS00. True False.
As of release 4.7, Enterprise Extension 1.10 or ECC 5.0, the asset balances are posted immediately to the group balance sheet accounts when the program RAPERB2000 is started without a session. True False.
You must define a document type with an internal number assignment and assign it for each company code. The periodic APC documents are then created using this document type. True False.
The settings for using the program RAPERB2000 (periodic posting program for posting before executing year change in FI-AA) includes: Define the new document type Choose the Number Range Information function to go directly to maintenance of the number range interval. Specify the new document type for your company code for APC posting Start the RAPERB2000 program Execute the year end closing in FI-AA.
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