TFIN52-UNIT 1

Asset Accounting works with Chart of Accounts assigned to a company code. TRUE. FALSE.

CHART OF DEPRECIATION IS DEFINED AT COMPANY CODE LEVEL. TRUE. FALSE.

CHART OF DEPRECIATION IS COUNTRY SPECIFIC. TRUE. FALSE.

SAP PROVIDES SAMPLE COMPANY CODE SPECIFIC CHART OF DEPRECIATION. TRUE. FALSE.

WE CAN USE COUNTRY SPECIFIC SAMPLE CHART OF DEPRECIATION TO CREATE COMPANY SPECIFIC CHART OF DEPRECIATION. TRUE. FALSE.

EACH COMPANY CODE CAN USE ONLY ONE CHART OF ACCOUNTS AND BUT CAN USE MORE THAN ONE CHART OF DEPRECIATION. FALSE. TRUE.

ALL OR SEVERAL COMPANY CODES CAN WORK WITH THE SAME CHART OF ACCOUNTS AND CHART OF DEPRECIATION. TRUE. FALSE.

ANY TWO COMPANY CODES CAN USE SAME CHART OF ACCOUNTS BUT EACH SHOULD USE DIFFERENT CHART OF DEPRECIATION. TRUE. FALSE.

SEVERAL COMPANY CODES CANNOT USE SAME CHART OF ACCOUNTS ALTHOUGH THEY USE DIFFERENT CHART OF DEPRECIATION. TRUE. FALSE.

A COMPANY CODES ASSIGNMENT OF CHART OF ACCOUNTS IS DEPENDENT OF ITS ASSIGNMENT TO CHART OF DEPRECIATION. FALSE. TRUE.

EVEN IF CHART OF DEPRECIATION IS NOT ASSIGNED TO A COMPANY CODE IT CAN WORK WITH ASSET ACCOUNTING COMPONENT BASED ON CHART OF ACCOUNTS. TRUE. FALSE.

VARIOUS COMPANY CODES CAN BE ASSIGNED TO THE CHART OF DEPRECIATION. TRUE. FALSE.

DEPRECIATION AREA CANNOT BE GROUPED TOGETHER. TRUE. FALSE.

VARIOUS VALUATION APPROACHES ARE MAPPED IN SAP BY MEANS OF CHART OF DEPRECIATION. FALSE. TRUE.

MORE THAN ONE DEPRECIATION AREA CAN BE GROUPED TOGETHER ACCORDING TO THE REQUIREMENT OF SPECIFIC ___________ OR _____________. COUNTRY ,ECONOMIC AREA. CURRENCY , CHART OF DEPRECIATION. BUSINESS AREA, COST CENTER. COUNRY, COMPANY CODE.

ASSET PORTFOLIO ARE OFTEN VALUED DIFFERENTLY FOR DIFFERENT PURPOSES. TRUE. FALSE.

DEPRECIATION ARE CONTAIN FOLLOWING VALUATION. ONE OPTIONS IS INCORRECT. TAX BALANCE SHEET VALUATION. COSTING- BASED VALUATION. CURRENCY VALUATION. PARALLEL ACCOUNTING VALUATION. TAX DIFFERENCE VALUATION. CAPITAL TAX VALUATION.

DEPRECAITION AREA IS DEFINED BY. TWO DIGIT ALPHA NUMERIC KEY. FOUR DIGIT NUMERIC KEY. FOUR DIGIT ALPHA NUMERIC KEY. TWO DIGIT NUMERIC KEY.

WHAT DENOTES LEADING AREA OF A DEPRECIATION AREA. LETTER A. NUMERIC 01. ALPHA NUMERIC A. NONE OF THE ABOVE.

LEADING AREA REPRESENT INTERNATIONAL ACCOUNTING PRINCIPLE OF SAMPLE CHART OF DEPRECIATION. TRUE. FALSE.

SAMPLE CHART OF DEPRECIATION CONTAINS PRE- DEFINED DEPRECIATION AREAS ONLY. TRUE. FALSE.

ALL VALUATION APPROACHES OF DEPRECAITION CAN BE USED IN FI. TRUE. FALSE.

USING LEDGER APPROACH WE CAN DEFINE WHICH VALUE IN DEPRECIATION AREA IS TRANSFERRED TO FI. FALSE. TRUE.

FOLLOWING CASES ASSET VALUE AND DEPRECIATION NOT POSTED TO FI AT ALL. INTERNATIONAL APPROACH IS DEFINED FOR A DEPRECIATION AREA. DATA USED FOR REPORTING PURPOSE ONLY. IT IS NOT DEFINED IN CUSTOMISING.

MATCH THE FOLLOWING. AV= ASSET VALUE, DEPN=DEPRECIATION. POSSIBLE. NOT POSSIBLE.

WHAT IS PERIODIC ASSET VALUE POSTING.CHOOSE THE CORRECT ONE. ASSET VALUE POSTED FROM OTHER THAN LEADING LEDGER. ASSET VALUE POSTED ONLINE BUT DEPRECIATION POSTED PERIODICALLY. ASSET VALUE AND DEPRECIATION POSTED PERIODICALLY. DEPRECIATION AREA CAN POST VALUES DIRECTLY.

FINANCIAL STATEMENT VERSIONS ARE DEFINED IN CHART OF DEPRECIATION THOROUGH ACCOUNT ASSIGNMENT KEY OF A DEPRECIATION AREA. TRUE. FALSE.

IT IS NOT POSSIBLE TO POST ASSET VALUE AND DEPRECIATION FROM A DEPRECIATION AREA TO A SEPERATE FINANCIAL STATEMENTS. TRUE. FALSE.