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TFIN52_UNIT 2_ASSET MASTER DATA

COMMENTS STADISTICS RECORDS
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Title of test:
TFIN52_UNIT 2_ASSET MASTER DATA

Description:
ASSET ACCOUNTING

Author:
M.P.RAO
(Other tests from this author)

Creation Date:
17/04/2014

Category:
Competitive Exam

Number of questions: 73
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Content:
OPTIONS FOR CREATING ASSET MASTER DATA.ONE IS INCORRECT COPY FROM EXTERNAL SYSTEM COPY BY REFERENCE ENTER COMPANY CODE AND ASSET CLASS.
WHEN WE CREATE ASSET MASTER RECORD WE GET ASSET NUMBER ASSET MAIN NUMBER ASSET SUB NUMBER.
WE CANNOT CREATE MULITIPLE SIMILAR ASSETS WHEN CREATING ASSET MASTER RECORD TRUE FALSE.
WHILE CREATING SIMILAR ASSET, FOLLOWING ENTRIES NEED TO BE DEFINED ASSET CLASS DESCRIPTION OF ASSET INVENTORY NUMBER BUSINESS AREA PROFIT CENTER COST CENTER EVALUATION GROUP.
TIME DEPENDENT DATA ASSIGNMENT IS SIGNIFICANT FOR ASSIGNMENT OF CO OBJECT OF AN ASSET. TRUE FALSE.
TIME DEPENDENT ASSIGNMENT OF ASSETS CANNOT BE EDITED FALSE TRUE.
EACH TIME WE CHANGE AN ASSET MASTER RECORD SYSTEM CREATES CHANGE DOCUMENT CHANGE ORDER CHANGE LIST CHANGE FIELD.
ASSET MASTER RECORD CHANGE DOCUMENT CONTAINS LIST OF CHANGE FIELDS NUMBER OF CHANGES COMPANY CODE IN WHICH CHANGES MADE NAME OF THE USER OLD AND NEW CONTENTS.
SEVERAL PEICES OF AN EQUIPMENT CAN BE ASSIGNED TO AN ASSET TRUE FALSE.
WE CAN CREATE /CHANGE EQUIPMENT AND ASSETS BY INTERGRATION BETWEEN FI - AA & AP FI-AA & MM FI- AA & PM FI- AA & SD.
A PEICE OF EQUIPMENT CAN BELONG TO ANY NUMBER OF ASSET TRUE FALSE.
DEFAULT VALUES IN THE DEPRECIATION DATA SECTION OF AN ASSET MASTER RECORD COMES FROM COMPANY CODE CHART OF ACCOUNTS CHART OF DEPRECIATION ASSET CLASS DEPRECIATION AREA.
AN ASSET MASTER RECORD CAN HAVE ONLY ONE DEPRECIATION DATA SECTION TRUE FALSE.
COMPONENTS OF DEPRECIATION AREA SECTION OF A ASSET MASTER RECORD MASTER DATA DEPRECIATION KEY USEFUL LIFE ORDINARY DEPRECIATION START CHANGEOVER YEAR INDEX VARIABLE DEPRECIATON AMOUNT SCRAP VALUE.
CHOOSE THE IN CORRECT ONE MANY COMPONENTS OF A ASSET CAN BE GIVEN A SEPERATE ASSET SUB NUMBER SUB NUMBER ARE INTERNAL NUMBER ASSIGNMENT WE CANNOT MANAGE SUBSEQUENT ACQUISITIONS IN FOLLOWING YEARS SUBSEQUENTLY IF WE USE ASSET SUBNUMBERS. USING SCREEN LAYOUT IN ASSET CLASS, WE CAN SPECIFY MAINTENANCE LEVEL AT THE SUB NUMBER LEVEL SUB NUMBERS ARE USED FOR ACCOUNTING REASONS AND TECHNICAL REASONS.
important means of struturing fixed assets is asset class chart of depreciation depreciation area company code.
we can define_________number of asset class into the system 1 2 6 N.
field character of asset master record is set in asset class asset explorer chart of depreciation depreciation area account determination key.
assignment of asset number is controlled by asset explorer asset class chart of depreciation depreciation area.
when we create asset master record,data is adopted from asset class T F.
______ is the link between asset master record and general ledger accounts and the link is created by ___________of the ________.
when we post account assignment to an asset,system determines the g/l account based on chart of account company code depreciation area account determination key.
if we use different company codes with different operational chart of account.options available for posting values in g/l accounts use different account determination key use same account determination key.
if we have several similar asset class,options to transfer values into g/l account use different account determination key use same account determination key.
with account determination key,we define all necessary____________for all asset transactions.
we specify necessary g/l accounts for acquistion retirement balance sheet revaluation cost amounts to be capitalised.
we specify following additional accounts for those depreciation area that post values to the general ledger ordinary depreciation unplanned depreciation depreciation revaluation interest account for cost accounting.
number range controls the number assignment of the asset master record t f.
number assignment is either external or internal t f.
number ranges of asset master record is assigned to each company code t f.
_________determines which input fields in the asset master records can be processed or supressed field selection maintenance level screen layout field status group.
For each field group of a asset master record we can specify two maintenance level T F.
_______determines asset classification level at which field group can be maintained screen layout maintenance level field status group asset class.
Maintenance level permitted are asset class main asset number sub asset number sub number main sub number sub asset class.
we can create an asset as an reference to another asset t f.
_________indicator controls which field can be copied to an asset when it is created by reference to another asset.
account assignment objects are fields of asset master record t f.
We have to activate account assignment object before it can be maintained in asset master record t f.
we can post depreciation to account assignment objects like cost center internal order activity type wbs element maintenance order real estate object psm object.
tab pages are used to display asset master record t f.
we can specify a layout for the master data of each asset class.lay out defines number of tab pages names of tab pages logical field groups.
in each asset class, we enter one screen layout for all the depreciation area. t f.
SAP supplies standard screen layout rules for depreciation area 1000/2000 1000/3000 2000/3000 1000/3000.
screen layout controls field selection maintenance level reference.
option for maintenance level for each depreciation area asset class main asset number asset sub number.
effect of maintenance level of main asset number is adopted by sub number all asset sub number adopt values from the main number asset subnumber receive own depreciation values.
asset sub number receive own values in case of maintence level is set in asset class asset main number asset sub number.
Copy by reference to asset class is triggered from the master data section of the asset class t f.
when a new asset class is created by reference only master data is copied t f.
in asset master record, following fields are available as standard structure of fixed assets and selection creteria for reporting evaluation group environmental proctection indicator reason for investment asset super number.
default values stored in the asset class during customising are insurance values net worth valuation depreciation key useful life index series.
AUC Requires a seperate ______and corresponding ___________ asset class,g/l accounts master record,depreciation terms status,terms.
standard depreciation key _____ ensures depreciation is not calculated for AUC 0000 1111 2222 2000 1000.
Following are possible for AUC special tax depreciation investment support down payment.
we cannot post credit memos AUC t f.
We can post credit memos to AUC after capitalisation, if __________values is permitted in the depreciation data section.
account determination of an asset is applicable to AUC t f.
seperate asset class for individual and collective LVA t f.
Unit of measurement is specified if LVA is managed individually collectively.
we set_______amount for each________for LVA when defining depreciation area maximum,company code minimum,asset class maximum,asset class minimum,company code.
we can create an asset by entering_________and ______or by referencing an existing_______ company code,asset class,asset depreciation area,asset class,asset company code,asset number,asset company code,asset class,asset number.
we can create multiple similar asset by using___________field multiple similar asset similar multiple asset reference similar asset numer of similar asset.
asset master record is the same for all the multiple similar asset t f.
seperate entries for multiple similar asset are description and asset number insurance type business area cost center evaluation group plant manufacturer internal order.
Example of time dependent data info in the asset master record shift operations asset shutdown asset breakdown contineous operations.
number of changes and new values after changes made to the asset master record is displayed in the change document t f.
Default values in the depreciation data section comes from chart of depreciation asset class acquisition posting cost- accounting depreciation area.
In Asset and Equipment Master Records: one or more is correct The equipment master record, however, is not actually created until you save You can also set up the system so that equipment master records are automatically updated when you make certain changes to the asset master records linked to them. When you create an asset master record, the system automatically enters an equipment master record number in the asset master record, and copies the values of certain master data fields (for example, company code, cost center).
What are the depreciation terms that are mainly used as additional parameters in the cost-accounting depreciation area Depreciation key useful life index variable depreciation scrap value.
if fixed asset is made up of singe component we can manage the asset as seperate sub number t f.
asset sub number are external assignment only t f.
we can switch from external to internal numbering and vice versa in case of asset subnumber t f.
we use asset sub bumber if values are to be shown seperately in the following years subsequent to acquisition t f.
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