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SAP FI (Third Manual)

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SAP FI (Third Manual)

Tfin 52

Umair Talat
(Other tests from this author)

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prashanthi ( uploaded 10 years )
Tough one!!!!!!!!!!
Several company codes can use the same chart of accounts, although they have different charts of depreciation. true false.
Select the correct answers: One or more is correct The system uses depreciation area 01 to calculate ordinary depreciation. The depreciation is then posted to G/L accounts. The numeric keys represent depreciation terms that cannot be entered in the asset master record or in the asset classes. You have to assign each company code, in which assets are managed, to exactly one chart of depreciation.
The following Cost Accounting objects can be assigned to an asset: One or more is correct Created valid cost centers. Valid cost elements. Valid activity type.
The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class. true false.
Answers each of the following: One or more is correct You cannot define an unlimited number of asset classes in the system. Asset classes apply in all company codes. The asset class catalog is relevant in all company codes in a client. The preceding is also true when the company codes have different charts of depreciation and therefore different depreciation areas.
Consider the following when creating asset classes: One or more is correct The asset class provides default values to all asset master records in the class. In this way, the asset class functions as a sample master record, and makes it possible to create new asset master records simply and without errors. The screen layout, tab layout and the field characteristics (required/optional/suppressed) of the asset master record can be set for the asset class. The assignment of asset numbers can be controlled by the asset class. The asset class is a selection criteria in all standard reports in Asset Accounting. .
You can enter the accounts that are to be posted in the account determination in each depreciation area. true false.
Those depreciation areas for which financial statements are to be created are maintained through SAP Easy Access for Asset Accounting where you enter the financial statement versions. true false.
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.
An asset class consists of the following main sections: One or more is correct A header with the control parameters for master data maintenance and account determination. A master data section with default values for the administrative data in the asset master record. A valuation section with control parameters for valuation and default area (depreciation terms).
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 default area that is to be posted. The account allocation key. 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]. .
You need only one account determination key to post asset values of all classes to different accounts in the different charts of accounts. true false.
The number of the G/L account to be charged can be automatically suggested by the system provided that automatic account determination has been defined for company code. true false.
If you want several company codes to use the same number assignment (cross-company code), you can maintain the number range in one company code, and assign the other company codes to this company code for number assignment. true false.
Consider the following in case of number range intervals: One or more is correct The number ranges can be defined at company code level. In Customizing for the asset class, specify the number range per company code, and specify whether assignment from the number range should be carried out externally or internally. Alphanumeric intervals can only be assigned externally. You may choose small intervals, since an extension is possible if the extension already belongs to another interval. The number assignment is uniform for the asset class by specifying the number range for an asset class in the asset class. You can choose between external and internal number assignment by specifying a correspondingly defined number range.
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 the system are: One or more is correct Asset class. Main number. Sub-number.
Choose the correct answer: one or more is correct If you specify the asset class as the only maintenance level for a field group, you cannot maintain the fields on main or sub-number level. Instead these fields are for display only at those levels. If you specify the sub-number as maintenance level, you can not maintain the field group on the main and sub-number level. If you specify the maintenance level as main number, the field group from the main number is proposed as a default value during maintenance of sub numbers. .
You can not specify how many tabs you want to have and which field groups you want to be displayed on the given tab pages. true false.
Specify the correct answer: You can not manage assets under construction in the system as individual master records. You can use collective management of several assets under construction on one master record. .
You can distribute to the proper assets when the asset under construction is completed by using either: Line item settlement. Simple transfer to cost objects.
If you choose individual management of low value assets, you have to enter a base unit of quantity in the asset class. true false.
The system stores all the values and transaction data per asset master record. true false.
Many assets are affected by a change, therefore, you can not carry out a mass change. true false.
In Asset and Equipment Master Records: one or more is correct When you create an asset master record, the system automatically enters an equipment master record number in the asset master record, and copies the values of certain master data fields (for example, company code, cost center). The equipment master record, however, is not actually created until you save. You can also set up the system so that equipment master records are automatically updated when you make certain changes to the asset master records linked to them. .
The mass change process includes three functions: one or more is correct Selecting the assets, and generating the appropriate work list. Checking the work list and making any corrections. Releasing the work list (= execution of the mass change).
An external asset acquisition is a business transaction resulting from the acquisition of an asset from a business partner (in contrast to an acquisition from in-house production). You can post the acquisition of a purchased asset in several different ways, using different components of the R/3 System. Keeping in mind the above statement choose the correct answer: In Asset Accounting (FI-AA) in integration with Accounts Payable (FI-AP), and with (without) reference to a purchase order. In Asset Accounting, without reference to a purchase order, without integration with Accounts Payable (posting to a clearing account - with or without clearing). The system proposes defaults for the posting data and you cannot (can) overwrite them.
Specify the correct answers: In the Asset Explorer, dunning areas are displayed in an overview tree, form which they can be selected. You can not jump from field above the tree to the asset master data. In a print preview format, you can not display planned values, book values and transactions directly in the Asset Explorer. You can recalculate depreciation functions on the value fields tab page. none of the above.
The system automatically enters the vendor in the origin data field of the asset master record, when you post the acquisition integrated with accounts payable. true false.
By the period control method of the depreciation key, the asset value date is determined for each depreciation area. true false.
The system determines the planned annual depreciation and planned interest based on the asset value date, which determined the depreciation start date, and the depreciation terms. true false.
If you do not want the numbers defined as year-dependent, then enter a future year under year (such as 9999). true false.
If you want to perform acquisitions, retirements and transfers, it will be identified through transaction types which are used with every posting. true false.
The number of possible transaction type groups, as well as the characteristics of the individual groups, is specified in the system and can (not) be changed. true false.
Choose the correct answer: If the asset arrived after the invoice was received, integrated postings are made. The asset has already been delivered but the invoice has not, its a reason for not making integrated postings. .
The ways of posting retirements are: one or more is correct As retirement of several assets. As full or partial retirement. With or without vendor. With or without revenue. As mass retirement.
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: 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. You split up an asset or move part of an asset (transfer from asset to asset). You can not settle an asset under construction and transfer it to a finished asset.
The default rule can be defined in a customer-specific program exit. true false.
AuC are a special form of tangible assets. They are usually displayed as a separate balance sheet item and therefore need a separate account determination in their asset classes. true false.
Line item settlement (AuC) is carried out by using distribution rules. true false.
You must to settle all line items at once, but you do not have to distribute 100 percent of each line item. true false.
You can generate manual depreciation amounts for all depreciation types, but it is more common to manually generate unplanned depreciation and the transfer of reserves. true false.
You can use the Schedule Manager to manage the following periodic processing in Asset Accounting: One or more is correct Posting depreciation. Automatic posting of asset transactions from a depreciation area to the General Ledger.
Depreciation calculation is based on the control parameters explained below, as well as on the planned useful life of the asset that is entered in the asset master record: The depreciation key containing all control data for the calculation of planned annual depreciation. You can not enter a depreciation key in each depreciation area in the asset master record. The most important part of the depreciation key is the calculation method for the calculation of same types of automatically calculated depreciation. The calculation method is particularly important for defining the depreciation calculation method.
The following parameters can be changed on a time-dependent basis: one or more is correct Depreciation key Useful life. Variable depreciation amount. Absolute scrap value. Percentage scrap value. None of the above.
Time-dependent changes cannot be defined by creating new intervals. true false.
The period logic of the depreciation calculation creates a new period interval (segment) for a mid-year changes to them. true false.
You can define whether interest should be calculated for the cost-accounting depreciation area, and whether depreciation should continue below zero. true false.
The system treats the calculation of imputed interest as a depreciation type, since it is also controlled by depreciation keys and calculation methods, similar to the calculation of depreciation. true false.
Specify the correct answers: one or more is correct The index series must be assigned to an index class. Only year-independent index classes are used. You should specify index figures for the index series, for each fiscal year.
Through test run, you can check for any possible errors such as locked cost centers. true false.
You can only process a fiscal year change in a subsequent year if the previous year is still open for posting. true false.
The area menus can be displayed but not changed in area menu maintenance true false.
Keep in mind this statement: User can define own history sheet versions: one or more is correct Size:Upto 8 rows / 10 columns (10 rows / 8 columns). Store the top of the history sheet items. Define how the values are supplied to the history sheet items.
It is possible for the planned depreciation to be displayed through assigning depreciation terms and a planned start-up date to the order or project. true false.
Choose the correct answer: one or more is correct You can not define (define) validation rules using Boolean Logic. 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.
The following measure are required to execute substitution/validation: one or more is correct The correct call-up point for the validation/substitution must be selected. You must decide for which area of application validation/substitution should apply. You must assign your validation/substitution to an appropriate organizational unit.
In validation procedure, if the prerequisite statement is satisfied, a check is performed and if the result of the check is TRUE, the system posts a message. true false.
Choose the correct answer: Substitution consists of several steps (upto 9999 are possible), each two parts; Prerequisite & Replacement. If the prerequisite is satisfied (TRUE), substitution is performed.
If the substitution step prerequisite is true at runtime (using field-field assignment), the system substitutes the contents of the field with the contents of the source field. true false.
rule permits complex logic to be summarized; it can not be re-used. true false.
A rule is nothing more than a prerequisite or check of a validation true false.
The advantages of SAP List Viewer are: one or more is correct Formatting columns by double-clicking or dragging with the mouse. Filter. Sorting. Enables summaries and subtotals. Saving client and user-dependent settings.
ALVs user-friendly characteristics support the dynamic creation of layouts. true false.
asset history sheet is the most important and most comprehensive year end report or intermediate report true false.
you can manage AUC under construction phase in FI-AA in which of the following ways as a normal asset master record (for summary settlement) as a normal asset master record with line item management.
when you capitalise AUC you transfer values to one or more completed assets. This transfer is either done in a lump sum or with line item settlement. true false.
when capitalising AUC, system automatically seperates transactions from previous years from transactions from the crrent year. This is done by using different transaction types true false.
unplanned depreciation: select correct statement(s) you can plan manual dep for individual assets in FI-AA when you enter transaction type, system recognises that you want to perform manual dep after you have manually planned dep, system doesn't create an FI document immidiately. This document is not generated until depreciation posting program is run.
the system supports which direct types of dep ordinary dep special dep unplanned dep.
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