SAP (TFIN52) Financial Accounting II (Lesson :1)

________ is denotes the specific logical system you are working on. Client. Company Code. Chart of Depreciation.

________ is an independent accounting Unit. Client. Company Code.

Business area is to be regarded as a financially separate unit for which an external balance sheet and profit and loss statement are created at this level. True. False.

Chart of depreciation must be country-specific. True. False.

Depreciation area come under chart of account. True. False.

One can not define own depreciation area for a chart of depreciation. True. False.

Each company code uses one (operative) chart of accounts and one chart of depreciation. True. False.

All or several company codes can work with the same chart of accounts and the same chart of depreciation. True. False.

The depreciation areas in a chart of depreciation are defined with a two-digit alphanumeric key. True. False.

Depreciation area 01 is always what is known as the leading depreciation area. True. False.

Basic Cost Accounting objects to an asset : Cost center. Internal order. Activity Type.

It is not possible to assign an asset to two cost centers. True. False.

Asset classes consist of a : Master data section. Depreciation area section.

Asset classes are created at client level and assigned to at least one chart of depreciation. True. False.

You can suppress individual depreciation areas per asset class. True. False.

An asset class can not linked to multiple charts of depreciation. True. False.

The asset class is the main criterion for classifying assets. True. False.

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

You can specify certain control parameters and default values for depreciation calculation and other master data in ______. Chart of depreciation. Depreciation key. Asset class.

There is also at least one special asset class each for assets under construction and low value assets. True. False.

Depreciation is always posted on a real basis. True. False.

Depreciation areas post values to the general ledger. True. False.

Chart of Depreciation defined at the____________. Company Code level. Client Level. Chart of Account.

Chart of depreciation contains pre-defined depreciation areas which represent a specific type of valuation e.g. book depreciation, tax depreciation etc. True. False.

Different valuation approaches for each asset are mapped in the system by means of depreciation areas. True. False.

After R/3 enterprise solutions, it is possible to assign additional applications to the asset : Cost Centre and a statistical order. Real estate object. WBS element. A cost centre and a statistical WBS element. Maintenance order. PSM.

Asset class definition applies to all company codes in a chart of accounts. True. False.

User defined attributes can not overwritten. True. False.

You can not create intangible assets and leased assets. True. False.

Depreciation area 01 posts asset values to the general ledger in real time. True. False.

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

Asset accounting also called Subledgers. True. False.

Chart of depreciation assigned to ________. Client. Compay Code.

Depreciation Key combine depreciation area and asset master. True. False.

Asset master linked to G/L account via A/c determination key. True. False.

Depreciation key define Terms of Depreciation. True. False.