TFIN52_1 - Unit 2: Master Data

Asset classes establish a link between asset master records and their values and the G/L accounts to which the related asset values and depreciation are posted. You can control this link through __________. Cost Center. Account Determination. Number range interval. Internal order. Evaluation group.

If you have several similar asset classes, you can use the same account determination key for all of them and transfer the values to a fixed asset balance sheet account in the financial statement. True. False.

If you use company codes with different operational charts of accounts, you only need more than one account determination key to post asset values for one class to accounts in different charts of accounts. True. False.

For depreciation areas that post depreciation to the G/L, you must assign additional G/L accounts. True. False.

For ordinary depreciation and unplanned depreciation, you must assign an accumulated depreciation account, an expense account, and a revenue account for a write-up. You can also assign additional G/L accounts for revaluations of depreciation and interest in the cost-accounting area if necessary. True. False.

The __________ controls the number assignment of the asset master record. Account Determination. Number range. Screen layout.

Asset master number range can be __________ and _____________. Single. Multiple. Internal. Customized. External. Standard.

In ___________ number assignment, the system automatically assigns the next available number, in numerical sequence, within the defined number range interval. Internal number. Standard number. External number. Customized number.

In __________ number assignment, the number is assigned by the user or by another system. Internal number. External number. Standard number. Customized number.

The screen layout controls which of the following parameters: Field Selection. Maintenance level. Reference. Control data.

The screen layout determines which input fields in the asset master records can be processed. True. False.

Required entry, optional entry, display, or suppress options are managed in ____________ in Screen layout of Asset Master. Maintenance level. Field Selection. Reference. Number range. Time Dependent.

____________ allows you to reduce the number of master data fields to those that are specifically needed for the asset class, and to ensure that certain important control information is entered. Field Selection. Maintenance level. Reference.

The screen layout specifies the maintenance level of master data fields and defines the level of maintenance for each data field. The possible maintenance levels are as follows: Asset class. Field Selection. Main asset number. Subnumber. Reference.

The ____________ determines whether master data fields can be used as a reference. Field Selection. Maintenance level. Screen layout. Template.

In Screen layout of Asset Master, the __________ provides information about field contents, which can be copied into the new master record when an asset is created from a template. Field Selection. Maintenance level. Reference.

In order to get account assignment objects to appear in the asset master record, you must activate them in Customizing. True. False.

After you activate account assignment objects, you can use the Customizing screen layout to specify how the account assignment objects appear in the master record; for example, as a mandatory field. True. False.

You can post the cost-accounting depreciation to account assignment objects. These objects can be as follows: Cost centre. Controlling (CO) internal orders. Work breakdown structure (WBS) element. Profit Center. Real estate object (for example, buildings or land). Objects from the Public Sector Management (PSM) component, such as funds centers, funds, or grants. Segments.

APC in asset accounting is an abbreviation of. Asset Purchase Cost. Asset Production Cost. Acquisition and Production Cost.

The APC value posting is not necessary for you to view the direct capitalization process of Investment Management (IM). True. False.

You can specify a tab layout for the master data of each asset class. True. False.

The tab layout in asset master defines the following parameters: The number of tab pages. The names of the tab pages. The logical field groups on the tab pages, for example, the General Data and Posting Information logical field groups in the above figure. Field Selection.

Asset subnumbers can be assigned their own individual depreciation terms. True. False.

Each depreciation area has its own screen layout. In asset class, you need to enter a screen layout for each depreciation area. True. False.

SAP supplies _____ and ______ as standard screen layout rules. These screen layout rules also include a maintenance level. The maintenance level guarantees that depreciation is controlled uniformly. RAPOST2000. 1000. 2000. 100. 200.

You can create new asset classes by simply copying an existing asset class. Copying is triggered from the master data section of the classes. (Customizing transaction OAOA). True. False.

You can create new asset classes by simply copying an existing asset class. On doing so, the default values of the depreciation area section are also automatically copied. You cannot change them after copying. True. False.

How many evaluation groups can be activated in Asset Master Data: 1. 2. 3. 4. 5.

Several assets can be assigned to a ______________, for example, a business unit or a production line. Asset sub number. Asset super number. Asset internal number. Asset external number.

AuC does not require a separate asset class and corresponding G/L account because they have not to be shown separately in the financial statement. True. False.

The standard depreciation key 0000 ensures that depreciation is not calculated for AuC in depreciation areas, at least for the depreciation areas in the financial statement. True. False.

Special tax depreciation and investment support are not possible for AuC. True. False.

Down payments on AuC can be entered in accounts payable accounting processes . True. False.

Even after an AuC has been fully capitalized, it is still possible to post credit memos. For this, negative APC values must be permitted in the detail screen of the depreciation data section. True. False.

Low Value Assets can be managed in following ways: individual management (One single asset per master record). collective management (Any number of assets per master record). None of the above.

For individual and collective type of management of low value asset, you must use same asset class: True. False.

If you select collective management for Low Value Asset, you need to specify a base unit of measure for this asset class. True. False.

You cannot store the corresponding maximum amounts for each company code for Low Value Assets. True. False.

Maximum amount limit for Low Value Assets is managed at: Client level. Company code level. FI – Asset accounting level. Asset Class level.

Please select the options from which an asset master record can be created: Using an asset class. Using an asset type. Using a reference. Using account determination.

Can you create multiple similar asset master data in one go?. Yes. No.

During mass creation you can maintain separate values for each asset in the following fields: Description of the asset. Inventory number. Business area. Cost center. Evaluation groups (1 to 5). Profit Center.

If a fixed asset is made up of many component assets, you can manage these component assets as separate ___________. Asset components. Asset super numbers. Asset sub numbers.

In the asset class, you cannot specify external or internal number assignment for the asset subnumber i.e. number assignment to asset subnumber is always internal. True. False.

Using the screen layout in the asset class, you can specify the maintenance level at the subnumber level. Doing so allows you to change the default value for depreciation terms on the subnumber. True. False.

As of release 4.6, you can create easy access to the master records of assets that you work with frequently by storing them in a__________. Asset value list. ALV. Personal value list. Personal list.

ALV is an abbreviation of. Asset List Values. ABAP List Viewer. Asset Lot Variance. Accounts List Variance.

If you do not want to use the personal value list, you can turn it off. True. False.

Some information in the asset master record can be managed as____________. This data is used for the assignment of assets to Controlling (CO) organizational units (for example, cost center or project). General data. Time-dependent data. Evaluation group data. User specific data.

Each time you change an asset master record, the system creates a change document. True. False.

Each time you change an asset master record, the system creates a change document. The change document contains the following information: List of changed fields. Number of changes per field. Name of the user. Name of the user.

In asset master records, mass change is not possible. True. False.

The default values in the depreciation data section of an asset master record are taken from the_________. You can change or add to these default values in the different depreciation areas of the asset master record. Depreciation area. Asset class. Depreciation key. Time dependent data.

Some of the data in the depreciation areas of the asset is derived from the acquisition posting. True. False.

Several pieces of equipment can be assigned to an asset, but a piece of equipment can only belong to one asset. True. False.

To assign equipment to an asset, enter the asset number in the relevant master record. True. False.

As of release 4.6C, you can ensure integration between the FI-AA and Sales and Distribution (SD) components by synchronously creating or changing equipment and assets. True. False.

You can set up the system to create an equipment master record automatically when you create an asset master record. In this case, the system copies the values in certain master data fields such as Company Code and Inventory Number. True. False.

If synchronization is made between equipment and assets then any change in master data of one can made change to the other. True. False.

You cannot edit a worklist from the FI-AA application menu to carry out mass changes. True. False.

A substitution rule for mass change in asset master data consists of the following parts: Conditions that identify the records to be selected. Substitutions if the conditions are met. Delete changes.

You can identify replacement values using substitutions for mass changes in asset master record. These subsititutions can be. constant values. field-field assignments. user exits. depreciation keys.

Individual Steps for a Mass Change to Asset Master Data. Create a substitution rule to specify which fields you want to change and how you want to change them. Assign the saved substitution rule to a company code. Create a list of assets to be changed. This list is called a worklist. Create a worklist. Select a purpose for your worklist. Select a purpose for your worklist. Edit the worklist. Only the worklist has to be processed. Check whether your mass change was successful by displaying the assets or running an appropriate report. Delete the worklist.