AA Exam

Different Company Codes can be linked to one chart of depreciation?. True. False.

Integration with MM. An asset purchase order is created in purchasing. The goods receipt is posted on a value basis. Invoice verification then posts invoice. What is the name of the Auxiliary account used for all these transactions? (Single). GR/IR Clearing account. Asset Purchase clearing account. MM/FI clearing account. Vendor asset acquisition clearing account Asset acquisition clearing account. Asset acquisition clearing account.

Several Asset Classes can use the same account determination if: (one or more is correct). The Different company code. Post to same GL accounts. They use the same chart of accounts. Post to different GL accounts.

What does SAP call the new asset value display transaction? Single. Accounts Explorer. Asset Explorer. Accounts viewer. Item Explorer. Asset viewer.

The Chart of Depreciation is defined at what level?. Plant. Asset Class. Client. Company code.

What steps have to be completed before you can generate asset classes from GL accounts? Multiple. Account determinations. Number range Intervals. Account Selection. Asset Classes. Screen Layout transactions.

Where do you define the reconciliation account that will be used by an asset?. Account determination in Asset Class. Account Number in Depreciation Area. Account Determination in Depreciation Area. Account Number in Fixed Asset.

Usually one chart of depreciation is defined for each country. At which level is the Chart of Depreciation created? (Single). At Client Level. At Company Code Level. At System Level. At Chart of Accounts Level. At Business Area Level.

Which of the following statements about year-end closing are correct? Multiple: You can only conduct year-end closing on June 30th or December 31st of each year. You cannot create and post to new fixed assets until the year-end closing is successfully closed. Once the year-end closing was successfully completed, the system automatically changes certain entries in customizing (closed fiscal year). You can carry out year-end closing before the fiscal year change. During year-end closing, the program checks if the year-end closing can be carried out.

The country specific chart of depreciation, delivered by SAP, contains a catalog of depreciation areas that cannot be changed?. True. False.

What additional functions do asset classes offer?(Multy). Enter default values for asset master data. Enter default values entries for depreciation area. Define allowed company codes. Specify required entry fields for asset master data. Enter allowed entries for user fields.

For each depreciation area you need to specify whether you want to (Multy). Post to Business Area. Post depreciation at periodic intervals to general Ledger. Post asset values at periodic intervals. Use index classes. Automatically post values online.

The time of the first acquisition posting to the asset sets the following fields in the master of asset (multy). The depreciation Key. The cost center to be hit through depreciation. The depreciation start date per depreciation area. The date of capitalization.

What are the functions of asset class? (Multy). Definition of default value. Account allocation. Screen Layout. Asset Number Assignment. Cost Center determination.

Mark the correct Statements: One or More are correct: An asset must use more than one reconciliation account. An asset uses profit/loss reconciliation. An asset uses only one reconciliation account. An asset uses balance reconciliation account.

Which of the following statements about asset data transfer from a previous system are correct.(Multy). During the asset transfer, you can specify the order in which the depreciation should appear. When you transfer asset data during the fiscal year, you must enter the last depreciation posting period from your previous system in the SAP R/3 system. During the asset transfer, you can enter either the APC or the net book value. Transferring asset data during the fiscal year is only possible on July 1st of the given year. When you transfer asset data during the fiscal year, the system automatically determines replacement values and insurable values using batch input.

The status of each field in asset master record can be maintained at what levels?(Multy). Asset Under Construction. Asset Sub number. Asset Class. Asset main Number.

Which of the following statements about manual depreciation (for example unplanned depreciation in FI-AA) are true? Multy. Manual depreciation is posted immediately after entry (real time). You cannot post manual depreciation in FI-AA. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document. After entering the manual depreciation in FI-AA, you also need to enter it manually in FI/CO. Manual depreciation is initially shown as a planned value after entry and only posted when the depreciation posting report is run.

When you create asset master data is defaulted from asset class. True. False.

Incoming vendor invoice can’t be entered in asset accounting. True. False.

You can’t limit the Transaction Type to Specific Dep Area. True. False.

Asset dep date is determine from capitalization date & asset class. True. False.

An essential function of the asset class is to establish link between the -------------- & -------------. Asset Master,General Ledger Account. None of the above.

Screen layout in Asset class specify maintenance level at the main asset number only. True. False.

Transaction type in Asset transaction identify. Acquisition. Retirement. Transfer.

The screen layout control in asset accounting: Depreciation calculation. Master data maintenance. Master data fields allowed to be used as reference.

Asset Class:-The asset class definition apply to all company codes in client. True. False.

Depreciation Area are identified in the system by: Four character alpha key. Two character numeric key. Four character numeric key. Two character alpha key.

You can calculate depreciation if the book value is negative. True. False.

The following information is automatically set in the asset master record on first acquisition: Date of asset capitalization. Date of initial acquisition. Acquisition year and period. Posted depreciation.

Asset class consist of following section: Valuation data. Company code. Controlling. Master data.

Number of Account Assignment object is R/3 Enterprise. Co Internal Order. WBS Element. Real Estate Object. Cost Center. Depreciation Area. Public Sector (IS-PS) Component.

Company Code can share asset number ranges. True. False.

You have to choose collective management of LVA what is must. Setting in company code. Quantity. Check the maximum amount in dep area.

After manually planned dep is posted FI Document is created automatically. True. False.

The Layout defines: Name of Tab Pages. Asset Sub Number. Field group. The Number of Tab Pages.

You can Manage LVA only using individual management. True. False.

Possible maintenance Levels are: Controlling Area. Asset Class. Sub number. Main Asset Number. Depreciation Area.

Different ways of posting asset retirements. As Mass retirements. As full or partial retirement. As retirement of several assets. With or without revenue.

Acquisition of an Asset From Business Partner is. External Acquisition. Internal Acquisition.

Asset sub number can’t have their own individual depreciation terms. True. False.

AUC require a separate asset class & Corresponding GL Account. True. False.

You can post down payment to AUC account even after capitalisation. True. False.

In case of Integrated acquisition vendor is display in asset master. True. False.

Transfer Method control the following: Document type. Gross or Net Transfer Method. How values are transferred from source company to target company.

You can’t assign external number assignment to Asset Sub numbers. True. False.

Transaction Code for Overview of Asset Class is ----------------. OAOA. AOAO.

Transaction type for Unplanned Depreciation is --------------. 650. 560.

If the company code is live: Asset Class can be deleted. Asset class can be created.

Depreciation area can’t be created for reporting purposes. True. False.

Asset Posting date & value date can be in different fiscal year. True. False.

Transaction Type Groups are fixed and can be changed. True. False.

Transaction type specifies which of the following is updated. Asset Balance Sheet Account. Value field. Depreciation Area.

Transfer is not possible if the company code have different dep area & Chart of dep. True. False.

Depreciation posting can take place at real time basis. True. False.