Periodic processing comprises the tasks in Asset Accounting that must be performed at periodic intervals. True False.
Investment support is a subsidy that a company receives for certain asset investment. True False.
Assets that are eligible for a investement support subsidy are marked in the asset master records with an investment support key. True False.
You can use the schedule manager in FI-AA to define,schedule,process and control periodically recurring activities. True False.
Depreciaition areas are identified in the system by a two-character numeric key. True False.
You also define per depreciation area how to post the asset balance sheet values and depreciation to the general ledger accounts. True False.
You can also define depreciation areas for reporting reasons only.They will show values and calculate depreciation but will not post any values to G/L accounts. True False.
you can also calculate different values in a depreciation area for a specific purpose(for example for the balance sheet, for cost accounting or for taxes0 True False.
You also define per depreciaiton area which values have to be managed (for example APC or positive/negative net book values) True False.
You also define for each depreciation area how posting values and depreciation terms should or can be transferred to other areas. True False.
The system supports the following derprecaition types. Ordinary depreciation Special depreciation Unplanned depreciation Unit of production depreciation.
Which of the following is correct ? Ordinary depreciation: is the planned reduction in asset value due to normal wear and tear Special depreciation: represents a purely tax based type of depreciation for wear and tear Unplanned depreciation: is concerned with unusual circumstances such as damage to the asset Unit of production depreciation: allows you to take fluctuations in activity into account for the depreciation calculation.
Specifications and parameters that the system requires to calculate depreciation amounts are entered in calculation methods. True False.
The calculation methods replace the internal calculation key of a depreciation key. True False.
Individual calculationn methods are: The base method The declining-balance method The maximum amount method The multilevel method The period control method.
The calculation methods are assigned to the depreciation key in TCode AFAMA. True False.
Advantages of the calculation methods(compared to the internal calculation key): Country specific requirements are represented by methods specific to a particular chart of accounts. They allow you to avoid the use of an ever increasing number of internal calculation keys. You can enter depreciation keys as default values for a particular company code or depreciation area.
The depreciation terms are stored in the asset master record. True False.
The system determines the depreciation start date using the asset value date and the period control method. True False.
The Asset Explorer displays the values and the depreciation for every transaction and each area. True False.
The following parameters can be changed on a time-dependent basis: Depreciation key Useful life (year/period) Variable depreciation amount Absolute scrap value Percentage scrap value.