How do you identify an asset under construction? The ordinary depreciation start date is empty. The asset is assigned to NO depreciation area. The asset belongs to a specific asset class. The asset capitalization date is empty.
How do you identify an asset master record as an asset under construction? The ordinary depreciation start date is empty. the asset is assigned to NO depreciation area. The asset belongs to a specific asset class. The asset capitalization date is empty.
What do you define when configuring asset classes? 3 Screen layout rules
Number ranges
Account determination
Posting keys
Financial statement version.
How can you create an asset under construction? 2 Automatically, when setting capex cost from an internal order Automatically, when creating an investment measure Automatically, when setting capex cost from a WBS elemen Manually (transaction AS01), using a specific asset class.
Which of the following should you consider when defining asset number ranges? 2 Each asset class can have either an internal or external number range. Asset number range are defined at chart of depreciation level. Asset number range are defined for asset classes and are company code specific. Each asset number range must be assigned to a unique asset class.
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question. Assets are complete and error free. Depreciation is posted in full Fixed asset fiscal year change is complete. General ledger and subledgers are closed.
How can you perform transfers of assets between company codes with different charts of depreciation? Configure the cross-company depreciation areas in customizing. Correct depreciation area assignment in the asset master record after posting. Assign the group chart of depreciation to the relevant fixed assets. Enter depreciation area mapping during intercompany transfer posting.
You are responsible for implementing asset accounting. You are provided with the legacy data of avarious assets and their grouping information based on classifications, useful life, and depreciation terms. What configuration step would initiate to maintain these categories in SAP S/4HANA? Define general ledger accounts per each category of legacy asset.
Configure depreciation keys and calculation keys.
Define asset classes and maintain their attributes.
Copy the chart of depreciation and maintain depreciation areas.
Which elements define the integration of asset acquisitions to the general ledger?
Note: There are 2 correct answers to this question. Asset class Depreciation keys Depreciation area Valuation area.
How do you configure depreciation areas in SAP S/4HANA? 2 Assign a ledger group to each depreciation area. Ensure each accounting principle is assigned to a depreciation area. Assign depreciation area 01 to the leading ledger. Ensure depreciation areas always post to the general ledger.
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You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? 2 It is impossible to use assets under construction with Investment Management. It is possible to post credit memos, even after assets under construction are fully capitalized. It is possible to post special tax depreciation and investment support for assets under construction. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
You are creating an asset master record by copying another asset and you noted that the inventory number is copied. What setting do you make to ensure that the inventory number is NOT copied when you create a new asset by copying? Please choose the correct answer. Remove the reference indicator in screen layout maintenance Remove the main asset indicator in screen layout maintenance Remove the asset class indicator in screen layout maintenance Remove the subnumber indicator in screen layout maintenance.
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting? Note: There are 1 correct answers to this question. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approac.
What are the maintenance levels of a screen layout rule for asset classes? Asset class, main asset number, subnumber. Asset class, depreciation area, main asset number, group asset Depreciation area, asset class, main asset number, subnumber Main asset number, subnumber. depreciation area.
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle
If you use the application to post integrated asset acquisitions, how many documents will the system post? 2 4 3 1.
You are configuring asset-related postings of depreciation areas in asset accounting. Which of the following settings would lead to an error? Area posts depreciation only Area does not post Area posts APC immediately, depreciation periodically Area posts in real time.
What is the purpose of the chart of depreciation? The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
The chart of depreciation defines the asset classes for which you can create fixed assets The chart of depreciation manages country-specific legal valuation of fixed assets
The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Which date is used to determine the depreciation start date? Document date Asset value date Posting date Baseline date.
Which of the following are valid settlement receivers when you liquidate an asset under construction on a starting basis? There are 2 correct answers to this question. Fixed asset Cost center Functional area Profit center.
What settings can you define specifically for an asset class? 3 Account determination key Asset under construction category Default transaction type for asset posting Maximum amount for low-value assets Synchronization rules for asset and equipment.
It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. which dates must have the same fiscal year in the document entry? Document date and posting date. Posting date and asset value date Posting date and entry date. Document date and asset value date.
On which organizational unit level do you define a chart of depreciation? Asset class Company code Chart of accounts Client.
You configured asset accounting for your company with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values. When you post an external acquisition, how many documents are created? 3 6 1 4.
Which prerequisite must be met by the technical clearing account for integrated asset acquisition? The account is a reconciliation balance sheet account for fixed assets. The account is assigned in the asset account determination for each valid depredation area. The account is created for all active company codes of the client. The account is a profit-and-loss account that must be open item managed.
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Chart of depreciation Depreciation key Valuation area Depreciation area.
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset In the screen layout of the depredation area In the account determination of the asset class In the screen layout of the asset master record n the asset master record of the main asset.
Which of the following retirement types is referred to as scrapping? Please choose the correct answer.te? Partial retirement without revenue and without customer Complete integrated asset retirement Complete retirement with revenue but without customer Unplanned depreciation of remaining value.
Your customer wants the values for a special group of asset to be shown separately in the general ledger. Which objects do you create in customizing for asset accounting? Asset class Financial statement version Account determination key Depreciation area.
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? Area Posts APC Immediately, Depreciation Periodically Area Posts Depreciation Only Area Does Not Post Area Posts in Real Time.
What does the year-end closing program in asset accounting do? 3 It blocks all postings to Asset Accounting for the closed fiscal years. It posts all remaining depredation and imputed interest. It checks whether the depreciation is posted completely for the fiscal year. It settles all assets under construction with values and maintained settlement rules. It indicates if any of the created asset master records contain errors or are incomplete.
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