One of the most important functions of the asset class is to establish the connection between the asset master records and the corresponding accounts in the general ledger in Financial Accounting true false.
The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class false true.
The following measure are required to execute substitution/validation: one or more is Correct You must assign your validation/substitution to an appropriate organizational unit You must decide for which area of application validation/substitution should apply. The correct call-up point for the validation/substitution must be selected.
Using intra-company asset transfer, you transfer a fixed asset, or an asset Component, to a different asset master record. The target asset has to be in the same company code as the sending asset. Intra-company transfer may be necessary for one of the following reasons You cannot settle an asset under construction and transfer it to a finished asset. You split up an asset or move part of an asset (transfer from asset to asset). An asset was created in the wrong asset class. You can change the asset class in the asset master data or you can transfer the asset to a new master record.
The period logic of the depreciation calculation creates a new period interval (segment) for a midyear changes to them false true.
The following Cost Accounting objects can be assigned to an asset: One or more is Correct Created valid cost centers. Valid activity type. Valid cost elements.
An asset class consists of the following main sections: One or more is correct A valuation section with control parameters for valuation and default area (depreciation terms). A master data section with default values for the administrative data in the asset master record. A header with the control parameters for master data maintenance and account determination.
The ways of posting retirements are: one or more is correct With or without revenue. As mass retirement. As full or partial retirement. With or without vendor. As retirement of several assets.
When you post with account assignment to an asset, the system determines the G/L account that is posted, based on the following things; One or more is correct The chart of accounts valid in the company code. The transaction type. [The transaction type identifies the type of business transaction. Using the transaction type, the system posts the transaction to the appropriate accounts of the given account determination]. The default area that is to be posted. The account allocation key.
The following parameters can be changed on a time-dependent basis: one or more is correct Absolute scrap value. Variable depreciation amount. Percentage scrap value. Depreciation key None of the above. Useful life.
You need only one account determination key to post asset values of all classes to Different accounts in the different charts of accounts false true.
Unplanned depreciation: select correct statement(s) you can plan manual dep for individual assets in Fl-AA CU after you nave manually planned dep. system doesn't create an Fl document immediately. This document is not generated until depreciation posting program is run when you enter transaction type, system recognizes that you want to perform manual dep.
Choose the correct answer: one or more is correct You cannot define the result of non-compliance with the substitution rule. You can also force the user to correct the error before processing can continue You can not define (define) validation rules using Boolean Logic.
The area menus can be displayed but not changed in area menu maintenance false true.
If you choose Individual management of low value assets, you have to enter a base unit of quantity in the asset class False true.
By the period control method of the depreciation key, the asset value date is determined for each depreciation area false true.
By using screen layout control you can specify the field attributes in the asset master record and the maintenance level of the fields true false.
The maintenance levels in me system are: One or more is correct Sub-number Main number. Asset class.
[Bank-Master Data] Bank master data records can also be manually: One or more is Correct On the general data section of customer & vendor masters. At one-time(account) document entry. In the account ID. When defining house bank.
Day limit is used to store several versions of terms of payment under the same terms of payment key true false.
What is the difference between a partial payment and a residual payment A. The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment. B. The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount. C. The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount.
FI-AM] The country-specific chart of depreciation, delivered by SAP, contains a Catalog of depreciation areas that cannot be changed true false.
[FI-GL] Data relevant to MM functionality is stored in which segment of the vendor Master record Account group. Client. Purchasing. Company code.
What gives an overview of planned processes carried out periodically in the system Dunning runs. Financial calendar. Interest calculation Payment runs.
What fields of Fl document header can be changed after a document has been Posted header text posting date text fields reference no. fiscal year.
[Fl-Postings] Define posting keys? One or more is correct The posting key also specifies the specific account type for a line item. Determines whether the vendor account is one-time. Identifies which of the account types will be permitted on a particular document Helps control the field status of a line item.
[FI-GL] The payment terms are used to define: One or more is correct Baseline date for due date calculation. Cash discount percentage rates. The house bank Cash discount periods.
A tax code may have several tax rates entered for different tax types false true.
FI-GL-Organizational Structure] A Business Area is The organization entity for which balance sheets as well as profit & loss statement can be executed across company codes covering a company main areas of operation. an independent organizational structure within a company, which includes all functions for internal cost and revenue accounting. The smallest organization unit for which a complete self-contained set of books can be executed. The legal unit of consolidation to which company codes are assigned.
[FI-AM] Mark the correct statements: One or more is correct An asset uses balance reconciliation account. An asset must use more than one reconciliation account An asset use only one reconciliation account. A. An asset uses profit/loss reconciliation.
The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class true false.
Organizational Structures] A business Area is The legal unit of consolidation to which company codes is assigned. Identifies an independent organizational structure within a company, which includes all functions, required for internal cost and revenue accounting. The organization entity for which balance sheets as well as profit & loss statements can be executed across company codes covering a companys main areas of operation. The smallest organization unit for which a complete self-contained set of books can be executed.
Only balances in local currency indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on open item basis false true.
[FI-GL-POSTINGS] Choose the correct statements regarding the document, posting, and entry dates of accounting documents. Note: More than one answer is correct The document date must be the same as the invoice date. The posting period is determined by the posting date. The posting period is determined by the document date. The entry date is the same as the operating systems date. The posting date must be the same as the entry date.
[Fl-Master Data] Vendor specific information such as reconciliation acct. and item sorting is stored at what level Account group. Client. Customer master record. Company code.
One number range can only be assigned to one account group false true.
Which of the following are controlled by the posting period variant? One or more is correct A. The ranges of periods that is currently open for processing. B. Only one period range can be open at the same time. C. The specific user authorization necessary to book entries within a specific period. D. The ranges of accounts within a specific account type that is currently open for Processing.
The user can clear open items of AJR, AJP and G/L accounts with the automatic Clearing program. The program groups items together from an account which have the same: One or more is correct Special G/L indicator. Reconciliation account number. Document number. Currency.
[Fl-Master Data] Field Status group control The GL account group. The fields for data entry screens The number ranger. The account type.
[FI-GL-MASTER DATA] Field Status group control The number range. the fields for data entry screens. The GL account group. The account type.
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