TFIN52_UNIT 2

ASSET MASTER DATA IS THE MAIN CRETIRION FOR CLASSIFYING ASSETS. TRUE. FALSE.

ASSET CLASS CREATED AT CLIENT LEVEL. TRUE. FALSE.

EACH ASSET IS ASSIGNED TO ANY NUMBER OF ASSET CLASS. TRUE. FALSE.

ASSET CLASS CONSIST OF FOLLOWING.ONE IS INCORRECT. MASTER DATA. DEPRECIATION DATA. COMPANY CODE DATA.

ASSET CLASS IS LINKED TO ONLY ONE CHART OF DEPRECIATION. FALSE. TRUE.

DEPRECIATION DATA OF ASSET CLASS IS ASSIGNED TO MULTIPLE CHART OF DEPRECIATION. TRUE. FALSE.

DEPRECIATION ATTRIBUTES OF AN ASSET ARE SYSTEM DEFINED,BUT USER CAN OVERWRITE IT. TRUE. FALSE.

ASSETS APPEARING IN DIFFERENT BALANCE SHEET ITEMS SHOULD BE ASSIGNED TO DIFFERENT___________.

EXAMPLE OF ASSET CLASS.ONE OPTION IS INCORRECT. BUILDING. FIXTURES. LOW VALUE ASSET. VEHICLES. MACHINERY.

WE CANNOT SUPRESS INDIVIDUAL DEPRECIATION AREA OF AN ASSET CLASS. TRUE. FALSE.

ASSET CLASS ALSO CONTROL FOLLOWING DATA. ACCOUNT DETERMINATION. SCREEN LAYOUT. TAB LAYOUT. NUMBER RANGE INTERVAL.

ASSET CLASS DEFINITION APPLIES TO ALL COMPANY CODE. TRUE. FALSE.

DEPRECIATION DATA SECTION IS A SECTION OF ASSET CLASS. TRUE. FALSE.

MASTER DATA SECTION OF A ASSET CLASS CONTROLS DEFAULT VALUES FOR ASSET MASTER RECORD. TRUE. FALSE.

MAIN SELECTION CRITERION FOR ALL STANDARD REPORTS IN FI- AA. COMPANY CODE. CURRENCY. DEPRECIATION AREA. ASSET CLASS. CLIENT. ASSET MASTER RECORD.

WHEN WE CREATE ASSET MASTER RECORDS,DATA IS AUTOMATICALLY ADOPTED FROM ASSET CLASS EVEN IT IS NOT SPECIFIED. TRUE. FALSE.

ASSET CLASS IS A LINK BETWEEN G/L ACCOUNTS AND ASSET MASTER RECORDS. TRUE. FALSE.

ACCOUNT DETERMINATION KEY CAN BE SAME FOR SEVERAL SIMILAR ASSET CLASS. TRUE. FALSE.

ACCOUNT DETERMINATION KEY CANNOT BE THE SAME FOR DIFFERENT COMPANY CODES WITH DIFFERENT OPERATIONAL CHART OF ACCOUNTS. TRUE. FALSE.

ASSET CLASS USES POSTING KEY TO CONTROL ASSET VALUES AND DEPRECIATION POSTED TO G/L ACCOUNTS. TRUE. FALSE.

WHICH DEFINES G/L ACCOUNTS FOR ALL ASSET TRANSACTION. ASSET CLASS. ASSET CLASS BY CONTROLLING ACCOUNT ASSIGNMENT KEY. ASSET MASTER RECORD.

FOR THOSE DEPRECIATION AREAS THAT POST DEPRECIATION TO THE G/L, WE MUST ASSIGN ADDITIONAL G/L ACCOUNT. TRUE. FALSE.

FOR ORDINARY DEPRECIATION ACCOUNT FOLLOWING ACCOUNTS ARE TO BE DEFINED. ACCUMULATED DEPRECIATION ACCOUNT. ORDINARY DEPRECIATION ACCOUNT. EXPENSES ACCOUNT. REVENUE ACCOUNT FOR A WRITE-UP.

FOR UNPLANNED DEPRECIATION ACCOUNT FOLLOWING ACCOUNTS ARE TO BE DEFINED. ACCUMULATED DEPRECIATION ACCOUNT. ORDINARY DEPRECIATION ACCOUNT. UNPLANNED DEPRECIATION ACCOUNT. EXPENSES ACCOUNT. REVENUE ACCOUNT FOR WRITE UP.

G/L ACCOUNT IS DEFINED FOR FOLLOWING TYPES OF DEPRECIATION AND FUNCTION. ORDINARY DEPRECIATION. UNPLANNED DEPRECIATION. INTEREST- CO OBJECT. DEPRECIATION REVALUATION.

FOLLOWING ARE FEATURES OF NUMBER RANGE. NUMBER RANGE CONTROLS THE ASSIGNMENT OF NUMBER OF THE ASSET MASTER RECORD. NUMBER ARE INTERNAL. EACH COMPANY CODE CAN HAVE OWN NUMBER RANGE. CROSS COMPANY CODE NUMBERS CAN ALSO BE ASSIGNED.

SCREEN LAYOUT OF ASSET MASTER DATA SPECIFIES FOLLOWING. INPUT FIELDS. MAINTENANCE LEVELS. REFERENCE. CONSOLIDATED FIELDS.

MAINTENANCE LEVELS OF EACH DATA FIELD OF ASSET MASTER RECORD. ASSET CLASS. ASSET MAIN NUMBER. ASSET SUB NUMBER. REFERENCE NUMBER.

ACCOUNT ASSIGNMENT OBJECTS OF ASSET MASTER RECORD ARE.ONE IS INCORRECT. COST CENTER. CO INTERNAL ORDER. WBS ELEMENT. REAL ESTATE OBJECT. PSM OBJECT. PROFIT CENTER.

LAYOUT OF MASTER DATA OF EACH ASSET CLASS CONTAINS.ONE IS INCORRECT. TAB PAGES. NAME OF TAB PAGES. LOGICAL FIELDS GROUP. G/L VIEW OF ASSET.

STANDARD SCREEN LAYOUT FOR A DEPRECIATION AREA IS DEFINED IN RULE. 1000 AND 1001. 2000 AND 3000. 1000 AND 2000.

WHAT ARE SPECIAL ASSET CLASS. ASSET UNDER CONSTRUCTION. ASSET COMPLETED CONSTRUCTION. LOW VALUE ASSET. MIDDLE VALUE ASSET. MARGINAL VALUE ASSET.

DEPRECIATION FOR ASSETS UNDER ASSET CLASS AND ASSET UNDER SPECIAL ASSET CLASS ARE THE SAME. TRUE. FALSE.

DEPRECIATION KEY _______ DO NOT ALLOW ORDINARY DEPRECIATION. 1111. 2222. 0101. 0000.

DOWN PAYMENT ON ASSETUNDER CONSTRUCTION IN FI-AP IS POSSIBLE. TRUE. FALSE.

EVEN AFTER ASSET UNDER CONSTRUCTION IS CAPITALIZED, WE CAN POST CREDIT MEMOS. TRUE. FALSE.

EVEN AFTER AUC IS CAPITALIZED, WE CAN POST CREDIT MEMOS, HENCE NEGATIVE POSTING SHOULD BE PERMITTED. TRUE. FALSE.

A BASE UNIT OF MEASURE SPECIFIED FOR LOW VALUE ASSET CLASS IF THE ASSET IS MANAGED. INDIVIDUALLY. COLLECTIVELY.

LOW VALUE ASSET CAN HAVEONLY ONE NUMBER OF ASSETS PER MASTER RECORD. TRUE. FALSE.