SAP tfin52_1 test 2

Screen layout in asset class specify Maintenance level at the Main Asset No only (not at subnumber level) (PG 34). Correct. Incorrect.

The maintenance level specifies the master data level at which each field can be maintained. Possible maintenance levels are: "Asset class " Main asset number " Subnumber. Correct. incorrect.

Which statement is correct ? (pg 83). The document type is a two character, alphanumeric entry that determines how documents are stored. The document type is a four character, alphanumeric entry that determines how documents are stored.

Depreciation is always posted on a periodic basis. (pg 19). Correct. Incorrect.

Which statements are correct for asset class?. The asset class consists of a master data section and a depreciation area section. Each asset is assigned to multiple asset class. Several charts of depreciation can also be assigned to an asset class. You can suppress individual depreciation areas in each asset class. Asset Classes are created at plant level.

Now you can post (cost-accounting) depreciation to the following objects: Which statement is false?. Work center. Cost center (as before). CO internal order (as before). Real Estate object(building or property). WBS element.

You can post to both the asset and the vendor in one document (pg 78). True. False.

If the company code in Live (Production status) (pg20). Asset Class can be created. Asset Class can be deleted.

When creating asset master records, you can modify following for Multiple Simmilar Asset (pg 55). Business area. Inventory number. All are correct. Description of the asset. Cost center.

Which statements are correct-Application area?</. The application area is where the validation is used. The application area is where the substitution is used. The application area is where the rule is used. All are False.

You can post the asset balance sheet values but not the depreciation values from the individual depreciation areas to separate balance sheet accounts or income statement accounts in the general ledger.(pg 21). Correct. Incorrect.

Which statements are correct?. The client is the highest level in the SAP system hierarchy. It also denotes the specific logical system you are working on. Specifications that you make on Client level apply to Particular company code. All general ledger accounts are defined in the chart of accounts. Each company code is an independent accounting unit.

To carry out a mass retirement (pg 110). Enter the revenue distribution. Select a purpose for the worklist. Create a worklist. Process the worklist, or edit the worklist before releasing it. Use an asset report to create a list of the assets to be retired.

When you create asset master records, this data is automatically adopted from the asset class you specify. Correct. Incorrect.

Which statements are correct for posting assets retirements? (pg 108). With or without customer (non-integrated). With or without revenue (scrapping). Partially true. As full or partial retirement. As mass retirement (with worklist). As retirement of several assets (within the manually posted retirement transaction).

Asset Classes are created at. Company code level. Client level.

Transaction Type Specifies which of the following is updated (pg84). With or Without Revenue. Value field. Depreciation area. As Mass Retirement. Asset Balance Sheet Account.

The index series must not be assigned to an index class (pg 162). Correct. Incorrect.

In case of integrated acquisation Vendor is displayed in Asset Master. Correct. Incorrect.

If you deduct the discount at the time of the payment, Which Program you have to run subsequently reverse the discount on the asset (pg 83). SAPF181. SAPF124.

The standard system which transfer variant used for intracompany transfers. (pg 118). 2. 4. 5. 8. 1. TV.

Transfers within a company code are ?. intercompany transfer. intracompany transfer.

SAP supplies following screen layout rules in the standard system. Which one is False? (pg 36). 3000. 2000. 1000.

You can post depreciation from each depreciation area in Cost Accounting. In doing so, the (costing-based) depreciation can be posted to: which one is False? Pg 14). a cost center. objects from PSM (Public Sector Management). WBSelement. a (real) order. a cost center and a statistical WBS element. Profit center.

Where do you find Depreciation terms? Pg 157). Asset Explorer. Maintenance Master Record. Cost Center. Asset master record. Material Master Record.

The fiscal year change program and year end closing for accounting both are same (pg 184). Correct. Incorrect.

The asset class definations apply to all company codes in a client. correct. Incorrect.

Can you define whether interest should be calculated for the cost-accounting depreciation area? (pg 160). Correct. Incorrect.

Company codes that are not assigned a chart of depreciation can work with the Asset Accounting component. Correct. Incorrect.

In the master record, you can assign the following (original) Cost Accounting objects to an asset:(pg 13). WBSelement. Costcenter. (Internal) order (real or statistical). Real Estate object. Activity type.

Validation Messages can have different meanings: Which statements is false? (pg 233). I = Information. W = Warning. E = Error (requires that the entry be corrected). C = Cancel.

You can calculate different values ina depreciation area for what kind of specific purposes? (pg 153). Taxes. Balance Sheet. Cost Accounting. All are true.

When you use the new value method, the system capitalizes. the amount of sales revenue on the target asset. the company codes that are assigned. the transaction types.

The system determines the depreciation start date using the? (pg 157). Start date. Posting date. Asset value date. Period control method.

Various company codes can be assigned to the chart of depreciation. (pg 26). Correct. Incorrect.

Acquisition of an Asset From Business Partner is. External Acquisition. Interenal Acquistion.

Mass retirement, with or without revenue, is defined as a new task in the system. Correct. Incorrect.

Company code share number ranges. Correct. Incorrect.

Which statements are correct? (pg 56). Depreciation posting takes place on a monthly basis. Depreciation posting takes place on a annual basis.

In one step. (pg 119). Use automatic intercompany transfer to enter the acquisition and retirement parts of the transfer. Create company code. Delete entries.

In a separate step, the clearing account is cleared in the general ledger. This is done either manually or by running the automatic clearing program (pg 85). SAPF181. SAPF124.

Number ranges can be assigned?. externally only. only internally. internal or external.

Which statement is false? (pg 78,82,83). You can post to both the asset and the vendor in one document. You can assign many number range to each document type. You define a separate number range for documents for each company code. The "debit asset, credit vendor" posting is often made in Accounts Payable.

What is Special depreciation? (pg154). The planned reduction in asset value due to normal wear and tear. The purely tax-based type of depreciation for wear and tear. The unusual circumstances, such as damage to the asset, that lead to a permanent reduction in its value.

Which is not the individual calculation methods?. Multilevel methods. Declining balance method. Asset value method. Period control methods. Base method. Maximum amount method.

You can calculate depreciation if the book value is Negative. Correct. Incorrect.

Which statement is incorrect for message warning? (pg 233). I = Information. W = Warning. E = Error (requires that the entry be corrected). C = Cancel.

Which are the options that contain a maintenance level (pg 34). Main asset number. Asset classes. Asset subnumber.

Possible reasons for intracompany code transfers: (pg 118). A master record has been created and posted to in the wrong class. Stock material (goods created by your enterprise or bought in) needs to be transferred to an asset. The asset has changed location. As a result, you have to change. Too many entries. Merger. The asset needs to be split. Therefore, a portion of the original asset will be transferred to a new asset.

Which direct types of depreciation the system supports from the following? (pg 154). Ordinary depreciation. special depreciation. Unit-of-production depreciation. Unplanned depreciation.

You can post down payments on assets under construction. Correct. Incorrect.

Different depreciation areas can have the same values an depreciation terms, but can be displayed in different currencies. Correct. Incorrect.

In each asset class, you enter a screen layout rule for each depreciation area?. Correct. Incorrect.

What transaction type would you use to post unplanned depreciation? (pg 148). 650. 505. 504. 450. SM01.

Ordinary depreciation:This represents a purely tax-based type of depreciation for wear and tear.(pg 154). Correct. Incorrect.

Depreciation Posting can take place real time basis (pg 20). correct. incorrect.

Depreciation areas for reporting purposes only, post any values to the general ledger (pg 21). correct. incorrect.

Various company codes can be assigned to the chart of Depreciation (pg 3). Correct. Incorrect.

What is the transaction code for maintain Depreciaton Keys?. AW01N. OAOA. AFAMA. OAYZ.

You can post (cost-accounting) depreciation to account assignment objects, or you can use them for Acquisition and Production costs (APC) postings. Correct. Incorrect.

When you manually planned depreciation, the system does not create an FI (pg 146). Correct. Incorrect.

The chart of depreciation is defined at client level. (pg 26). Correct. Incorrect.

What transaction shows the detail list of the calculation methods assigned to a depreciation key?. OAOA. AFAMA.

After creating asset classes you should design your asset class catalog and ensure that the relevant G/L accounts exist in FI. (pg 31). Correct. Incorrect.

What specifies which input fields are displayed in the asset master record, and if they are required entry or optional fields.(pg 33). Account group. Screen layout. Field status group.

From the asset explorer you can display the calculation of ?. asset values. depreciation values. period interval.

The sample chart of accounts provided by SAP cannot be adapted to meet your own requirements.(pg 26). correct. incorrect.

When you create asset master data is defaulted from asset class. correct. incorrect.

You can specify a layout for the master data of each asset class. correct. incorrect.

Which of the following application areas use validations and substitutions: (pg 224). PM Project Management System. AM Asset Accounting. CO Cost Accountin. FI Financial Accounting. PS Project System.

The chart of depreciation is always country-specific. (pg 3). Correct. Incorrect.

The layout defines, Which of the following statement is false? (pg 35). The field groups. The number of tab pages. The names of the tab pages. Asset Subnumber.

Which parameters can be changed on a Time-dependent basis? (pg 159). Percentage scrap value. Absolute scrap value. Useful life (year/period). Variable depreciation amount. Depreciation key.

The screen layout control in Asset Accounting (pg 34). Master Data field allowed to be used as reference. Mster Data Maintenance. Depreciation Calculation.

Each company code is allocated to how many charts or depreciation?. 4. 2. 3. 1. 8.

you must activate account assignment objects before they can be maintained in the master data.(pg 34). Correct. Incorrect.

Number of Account Assignment object in R/3 Enterprise, Which statement is Incorrect?. Public sector(IS-PS) Component. Cost Center. Real Estate Object. Depreciation Area. WBS Element. CO Internal Order.

Each asset is assigned to one or more asset class.(pg 17). Correct. Incorrect.

Asset Class Consist of folllowing Section. Company code. Master Data. Controlling. Valuation Data.

If company Codes are assigned to different charts of depreciation, the charts of depreciation can contain different depreciation areas (depreciation keys) with the same actual functions. Correct. Incorrect.

You can manage low value assets (LVAs) only using individual managemen (pg 39). Correct. Incorrect.

After for have manually planned depreciation, the system... Automatically creates and FI document, before the depreciation program is run. Does not create an FI document Immediately, the doc. is not generated until the depreciation posting program is run.

The Settlement of assets under construction (AuC) can be mapped in.. (pg 135). Intercompany/Intercompany Asset transfer. Asset Accounting. Financial Accounting.

The transfer Method Controls the following (pg 119). Document Type. How values are transferred from the source company code to the target company code. Gross or Net Transfer Method.

BSEG-HKONT: 3-: Which statement is True? (pg 235). The system checks only the first three digits of the field Account to determine if a condition is TRUE. The system checks from digit 3 to the end of field Account to determine if a condition is TRUE. The system checks only the third digit of the field Account to determine if a condition is TRUE.

A set is a flexible data structure for portraying arranged amounts and hierarchies. Correct. Incorrect.

Asset Under Construction require a seprate asset Class & Corresponding GL Account. Incorrect. Correct.

You can assign each company code its own number range, or company codes can share number ranges.(pg 33 ). Correct. Incorrect.

Cross-Company depreciation areas have there own control parameters. Correct. Incorrect.

Transaction Type Groups are Fixed & Can be Changed. Correct. Incorrect.

If you choose collective management to manage Low value assets (LVA), you have to (pg 39). enter a base unit of quantity in the asset class. set up a seperate asset class. set up a check of the maximum amount in the depreciation areas of the asset class for LVAs.

Transfer is not possible if the Company code have different depreciation area & chart of depreciation (pg 121). Correct. Incorrect.

The reference indicator controls which field contents of an asset area can be copied when that asset is used as a reference for creating a new asset master record. Correct. Incorrect.

Support for an (automatic) changeover method to period/months. However, this is not a standard method (pg 156). Correct. Incorrect.

Several charts of depreciation can also be assigned to an asset class. Correct. Incorrect.

Customizing definition of the depreciation keys does not automatically lead to a correction of depreciation values that have already been calculated for individual assets. (pg 157). Correct. Incorrect.

Which program directly posts to the G/L accounts and additional account assignment objects.(pg 163). RAPOST2000. RAPOST2001. RABUCH10. RABUCH00.

Which program do you use for depreciation posting? (pg 163). RAPOST2000. RAPOST2001. RABUCH10. RABUCH00.

Which of the following options available to determine how the values from the depreciation areas are posted in the general ledge (pg 20). Do not post any values. Post asset values online, depreciations periodically. All are False. Post asset values and depreciations periodically. Only post depreciations periodically.

Depreciation areas are identified in the system by a... (pg 153). two-character alphanumeric key. two-character numeric key. four-character numeric key. four-character alphanumeric key.

The chart of depreciation is a catalog of country-specific depreciation areas structured according to various business aspects (pg 3). Correct. Incorrect.

You can assign external number assignment to Asset Subnumber. Correct. Incorrect.

Asset Subnumber Cant have their own Individual Depreciation Term. Correct. Incorrect.

All or several company codes can work with the same chart of accounts and the same chart of depreciation. (pg 3). Correct. Incorrect.

The system determines the reference period for the asset retirement based on the asset value date (asset retirement date) and the period control method (period control key) of the depreciation key.(PG 109). Correct. Incorrect.

You cannot define depreciation areas for reporting purposes only (pg 21). Correct. Incorrect.

From SAP R/3 Enterprise, you must activate account assignment objects before they can be maintained in the master data. (pg 34). correct. Incorrect.

The "debit asset, credit vendor" posting is often made in Accounts Payable.(pg 78). True. False.

Incoming Vendor Invoice cant be entered in Asset Accounting. Correct. Incorrect.

Several asset classes can use the same account determination key if they use the same chart of accounts and post to the same G/L accounts (pg 32). Correct. Incorrect.

In the master record, you can assign the following (original) Cost Accounting objects to an asset: (pg 13). Cost center. House Bank. (Internal) order (real or statistical). Fiscal Year. Activity type.

Calculation methods replace the internal calculation key of the. value key. depreciation key. posting key.

If you use different charts of accounts, you need only one account determination key to post asset values of all asset classes into different accounts in the different charts of account. Correct. Incorrect.

You can define any number of financial statement versions per chart of accounts in FI (general ledger) (pg 21). Correct. Incorrect.

Asset Posting Date & Value date can be in different Fiscal Year. Correct. Incorrect.

Each company code uses one chart of accounts and various chart of depreciation. Correct. Incorrect.

Substitution consists of several steps, which is right answer? (pg 247). 99. 999. 9. 9999.

Periodic Processing comprises the tasks in Asset Accounting that must be performed at?. Account level. Periodic intervals. Vendor Level.

Which statements are correct? ( pg 55,57). Some information in the asset master record can be managed as time-dependent data. A piece of equipment can belong to many assets. Several pieces of equipment can be assigned to an asset. When creating asset master records, you can create multiple similar assets.

You can limit the Transaction Type to specific depreciation area. Correct. Incorrect.

Which of The following information is automatically set in the asset master record at the time of the first acquisition posting: (pg 81). Date of asset capitalization. Date of initial acquisition. Acquisition year and acquisition period. Posted Depreciation.

Maintenance level defines the level... subnumber. asset value. main asset number. unpaid depreciation. asset class.

Which statements are correct?. You only can post the asset balance sheet values but not the depreciation values from the individual depreciation areas to seperate balance sheet accounts or income statement accounts in the general ledger. The chart of depreciation defined at client level. The asset class defination apply to all company codes in a client. It is impossible to open depreciation areas after the production start of the system.

If revaulation (indexing) is used in a depreciation area, you can specify and index series for calculating the replacement value. Correct. Incorrect.

The number range controls the assignment of the number of the asset master record.(pg 33). correct. incorrect.

The screen layout specifies (pg 33,34). Which input fields are displayed in the asset master record. If the input fields in the asset master record are required entry, optional entry, display, suppress. If the master data fields. are allowed to be used as a reference (for copying). The maintenance level of master data field.

Which are Possible reasons for intracompany code transfers: (pg 118). The asset needs to be split. Therefore, a portion of the original asset will be transferred to a new asset. A master record has been created and posted to in the wrong class. The asset has changed location. As a result, you have to change organizational allocations (such as asset class, business area) in the master record that cannot otherwise be changed. Stock material (goods created by your enterprise or bought in) needs to be transferred to an asset.

Asset Class: the asset class defination apply to all company code in client. Correct. Incorrect.

Depreciation areas are identified in the system by a..(pg 153). 4. 2. 6. 8. 1.

Which statement is incorrect? (pg 16,17). Asset classes are created at client level. Each asset is assigned to many asset class. Fixed assets are classified into asset classes. Several charts of depreciation can also be assigned to an asset class.

To Compare fields with one another which operator is use? (pg 235). =. <>.

The layout defines: (pg 35). The number of tab pages. The names of the tab pages. All are true. The field groups that appear on the tab pages.

The asset accounting department wants to change the cost centers of assets en masse with systom support. To do this select one proper sequence of step given below (pg 72) a. Choose the Create worklist function. b. Create a substitution rule to specify which fields you want to change and how you want to change them. c. Generate a list of assets to be changed (for example, by running a standard report with the appropriate selections). d. Check whether your mass change was successful by displaying the assets or running an appropriate report. e. If you do not want to use the workflow, make sure that the worklist created is not assigned to any user. f. Choose the appropriate substitution rule for the mass change. g. Enter a description and select a purpose for your worklist. The purpose is a predefined standard task in the system (for example, change master data). g,e,f,d,a,b,c. b,c,a,g,f,e,d. a,b,c,d,g,e,f. f,e,d,b,c,a,g.

Special depreciation:It makes the amount of depreciation dependent upon seasonal usage of the asset (for example, number of miles traveled or units produced).(pg 154). Correct. Incorrect.

The additional functions for asset classes are: (pg 37). delete asset classes from reference. define allowed entries for user fields. enter default values for user fields in asset classes. link asset class to material group(=> for MM integration).

Which is not a type of depreciation? (pg 154). Ordinary depreciation. special depreciation. conditional depreciation. Unplanned depreciation.

To carry out a mass retirement, Which sequence of steps is correct? (pg 110) A. Create a worklist. B. Select a purpose for the worklist:(Retirement without revenue & Retirement sale (with revenue) C. Use an asset report to create a list of the assets to be retired. D. Process the worklist, or edit the worklist before releasing it. E. Enter the revenue distribution. C,A,B,E,D. E,D,A,B,C. C,A,B,D,E. A,B,C,E,D.

The subnumber can be assigned internally or externally. Correct. Incorrect.

You can assign an asset to two cost centers? (pg 14). Correct. Incorrect.

you cannot delete the depreciation areas you do not need in your chart of depreciation (pg 20). Correct. Incorrect.

If revaluation (indexing) is used in a depreciation area, What do you specify for calculating the replacement value? (pg 162). asset class. assets. index series. index classes.

Assets you produce yourself have two phases that are relevant to Asset Accounting:The under construction phase and The useful life phase (pg 135). Correct. Incorrect.

The plant Maintenance (PM) component is used for the technical management of assets. The Treasury (TR) component is used to manage financial assets (pg17). Correct. Incorrect.

What is the transaction code for assign subnumbers?. OAYZ. OAOA. AW01N. AFAMA.

data are validated after they are actually posted, only validated data are accepted (pg 223). Correct. Incorrect.

Asset depreciation date is determine from Capitalisation date & Asset class. Correct. Incorrect.

The sample chart of accounts provided by sap cannot be adapted to meet your own requirements. Correct. Incorrect.

The Asset Class consists of a. Master data section. Company code section. Depreciation area section.

If you have to choose collective management of LVA what is must. quantity. check of maximum amount in depreciation area. setting in company code.

The default setting involves deriving the segment from the profit center, but customers can develop their own derivation solutions through a user exit (BADI).: which statement is correct?. BODY_DERIVE_SEGMENT. FAGE_DERIVE_SEGMENT. FAGL_DRIVE_SEGMENT. SEGF_DERIVE_SEGMENT. FAGL_DERIVE_SEGMENT.

You can post credit memos on an asset under construction even after it has been fully capitalized. Incorrect. Correct.

If you use different financial statement versions, you have to post more than one depreciation area to the general ledger. (pg 21). Correct. Incorrect.

You assign your chart of depreciation to your. chart of account. Asset class. Company code.

Which statements are correct? (pg 224-227). The application area is where the validation, substitution, or rule is used. data are validated after they are actually posted, only validated data are accepted. The Formula Editor provides a user-friendly interface for entering arithmetic and logical statements. Callup points are specific places in an application that specify the exact location where a validation/substitution occurs.

After manuaaly planned Depreciation is posted FI document is created automatically. Correct. Incorrect.

You can navigate from the CO document to the FI (Reconciliation) document generated in real time -and in opposite direction. Correct. Incorrect.

Different ways of posting retirements of asset (pg 108). Asset balance Sheet Account. Depreciation area. As mass retirement (with worklist). With or without revenue (scrapping). As full or partial retirement. With or without customer (non-integrated).

What is the Removal of an asset from the asset Potfolio?. Suspension. Retirement. Revalution.

Mass retirement, with or without revenue, is defined as a standard task in the system.(pg 110). Correct. Incorrect.

The fiscal year change program opens new annual value fields for each asset.(pg 183). Correct. Incorrect.

Which statements are correct?. The chart of Depreciation is always not country-specific. All general ledger accounts are defined in the chart of accounts. Each company code is an dependent accounting unit. The client is the highest level in the SAP system hierarchy. Each company code uses one chart of accounts and one chart of depreciation.