Sap FI Asset Accounting Part 1

Chart of depriciation is always. Country specific. Co-Code specific. plant specific.

Asset accounting works with chart of account assigned to the co-code in FI. You can modify chart of account to fit your requirement based on global, industry specific or country specific. True. False.

SAP Provides model chart of depreciation for many country these contain pre difines depreciation area. You can also define your chart of depriceation (by copying and changing.). True. False.

Each company code uses. One chart of account and one chart of depriceation. Can use more then one chart of account and one chart of depriceation. One chart of account and two charts of depriceation.

Chart of account and chart of depreciation can be used by. one co-code. All or several co code can use same chart of account and same chart of depreciation. All or several co code can use same chart of account but they have to use diffrent chart of depreciation.

Depriceation keys are 2 digit numaric key. True. False.

Numaric depreciation key represents. Depriceation term you can enter in asset master record or in the asset class. Depriceation term you can enter in asset master record. Depriceation term you can enter in the asset class.

Depreciation areas can have the same values and depreciation term but. can be displayed in different currency. can be displayed in co code currency. can not be displayed in different currency.

Depriciation 01 is the leading depreciation area. True. False.

Asset portfolios and transaction are often valued differently for different purpose; different valuation approaches may be used for. Financial statement for local requirement. Balance sheet for tax purposes (as so far as another valuation is permitted). Internal accounting (Cost Accounting). Palrallel financial reporting for, for example creating a consolidated balance sheet.

Depriceation area created in SAP R/3 to manage. diffrent valuation approaches (Financial statement for local, internal accounting etc. plant Depriciation.

Chart of depreciation is assigned to. Co-code. To asset.

A company code is available to use in asset accounting after. Company code must be set up in FI first. You then assign chart of account to co code. The data required for asset accounting is added to company code.

You can assign asset to two cost center. True. False.

Asset class are created at. Client level. Co-code level.

Depreciation attribute can be overwritten if necessary, but if they are specified by the system you cannot change them. True. False.

Several chart of depreciation can be assigned to one asset class. True. False.

The asset class consist of "Master data section" and "Depreciation area section". True. False.

Each asset is assigned to only one asset class. True. False.

You can supress individual depreciation area in asset class. False. True.

Each asset class assigned to at least. One chart of depriciation. Two chart of depriciation. one chart of depriciation and one group chart.

Assets that are appear in different placces/balance sheet item have to be assign. to different asset class. One asset class. to sub asset class.

IN IDES these asset class are. 4000. 5000. I2000. 3000.

In FI-AA you not can manage different values of fixed asset in depreciation area. True. False.

SAP suppies chart of depr based on requirement of each country, these supplied for referance only. False. True.

Chart of depreciation is a. List of country specific depreciation area. Catalog of country specific depreciation area. Pre defined depreciation area for fixed assets.

After copying referance chart of depreciation you can not delete the depreciation areas you do not need. False. True.

It is possible to open depr area after production start of the system. True. False.

You can not define your own depreciation areas in the chart of depreciation. True. False.

You can define depreciation area for reporing purposes only, which do not post any value in GL. True. False.

You can define any number of financial statement versions per chart of account in FI. True. False.

If you use different financial statement versions, you have to post more then one depr area to the GL. True. False.

The defalut values of asset class help to maintain uniformilty in assets. True. False.

Asset class definations apply to all co-code in a client. True. False.

The master data section of asset class has. Control data and default values for the administrative data in the asset master record. A valuation section with control parameter and default values for the valuation and depreciation term. Control data and default values for the administrative data in the asset master record & A valuation section with control parameter and default values for the valuation and depreciation term.

A valuation section with control parameters and default values for the valuation and depreciation terms- it contains in. Master data section of asset class. Valuation section of asset class.

If you have assets with diff types of valuation. You can define one asset class for all of them. You can define as many asset classes as you have asset with diff types of valuation. You can create a special asset class for them.

The essential function of asset class is to establish link between the assetmaster record and the accounts to which the related values and depreciation are posted in GL. True. False.

Several asset classes can use same A/C "Account Determination key" If. If they use the same chart of account. they post to the same GL account. If they use the same chart of account and they post to the same GL account.

Several similar Assest classes can have diff "Account determination keys". their values are all updated to a single Balance sheet A/C. their values can not be all updated to a single Balance sheet A/C. their values are all updated to a multipal Balance sheet A/C.

The number rage control the assignment of the number of the asset master record. you can assign each company code its own number range or co-codes can share number range. True. False.

Screen layout of asset master specifies. which input fields are dispayed in asset master record. if they are required entry or optional entry. if they are modifiable.

Apart from information on fields (required,optional,display,supress) the screenlayout also specifies. the maintaince level of master data fields. also dertermines they are allowed to be used as a referance(for copying). None.

Which field contents of an asset area can be copied when that asset is used as a referance for creating a new asset master record is controlled by.

Master data level at which each field can be maintained is specifies by.

Account assignment object must be activated before they can be maintained in the master data. True. False.

Data priviously found on various asset master views now distributed over several.

In each asset class you enter a screen layout rule for each depreciation area. This rule applies to the valuation fields in the depriciation area. True. False.

Screen layout asset depriciation area- These rule also contain maintenance level that gurantees that depreciation is controlled uniformally. True. False.

you can create new asset class by copying exisiting asset class-Copying asset class from referance allows you to define default values (particularly depr area) more exactely and more comprehensively. True. False.

Even after AUC fully capitalized you can still post C/Memo to it . However you have to allowed negative APC. True. False.

For LAV(Low value assets) class, you can set up maximum amount in the depreciation area. True. False.

Low value assets (LVAs) can be managed by. using individual managment. or collective management.

In the asset class-if you choose collective management for LVAs you have to enter a.

You also use the asset class to define which G/L A/Cs are to be posted from asset subledger. True. False.