|The asset class definitions apply to all company codes in a client. True False.
An asset class consists of two main sections: A master data section with control data and default values for the administrative data in the asset master record A depreciation section with control parameters and default values for depreciation terms for each depreciation area None of the above All of the above.
The asset class is the main selection criterion in all standard report in FI-AA. True False.
An essential function of the asset class is to establish a link between the asset master records their values the general ledger accounts to which the related asset values and depreciation are posted. This is controlled by account determination(also known as account determination).
For those depreciation areas that post depreciation the general ledger, you must assign the following additional G/L accounts: For ordinary depreciation ( accumulated depreciation accounts,expense accounts & revenue accounts for a write-up) For unplanned depreciation ( accumulated depreciation accounts,expense accounts & revenue accounts for a write-up) For revaluations of depreciation and for interest None of the above.
The number range controls the assignment of the number of the asset master record. True False.
You can assign each company code its own number ranges, or specify cross-company code number assignment. True False.
The screen layout determines which fields in the asset master records can be processed or whether these fields are to be defined as required fields or if the fields are not displayed at all. True False.
In addition to the information on the field selection, the screen layout specifies the maintenance level of master data fields.It also determines whether the master data fields are allowed to be used as a reference. True False.
The maintenance level specifies at which level maintenance of each data field is permitted- possible maintenance levels are: Asset class Main asset number Subnumber.
you can specify a layout for the master data of each asset class.The layout defines: The number of tab pages The name of the tab pages The logical field groups.
In each asset class, you enter a screen layout rule for each depreciation area. True False.
SAP supplies screen layout rules 1000 and 3000 in the standard system. True False.
The screen layout rules also contain a maintenance level.The maintenance level guarantees that depreciation is controlled uniformly.There are three options; Account group Account determination Field status group None of the above.
In the asset master record the following fields are available as standard for general and user-specific structure of fixed assets: Evaluation groups Environmental protection indicator Reason for investment Asset super number.
Assets under construction (AUC) require a separate asset class and corresponding G/L account. True False.
By choosing the standard depreciation key 0000 you can ensure that depreciation in not calculated for asset under construction in depreciation areas. True False.
Even after an asset under construction has been fully capitalized you can still post credit memos. True False.
Investment Management (IM) integrates internal orders and projects with assets under constructiion. True False.
Low value assets using individual management or collective management For each type of management you have to set up a separate asset class Transaction code:OAOA.
Transation code to determine depreciation areas in the asset class - OAYZ True False.
When you create an asset master record, you have two options: Enter the company code and asset class for the new asset master record Use an existing asset master record as a reference None of the above.
When creating asset master records,You can create multiple similar assets. You can still make separate entries for each individual asset in the followin fields: Description of the asset Inventory number Business area Cost center Evaluation groups 1-5 Profit center.
Some information in the asset master record can be managed as time-dependent data. True False.
Shift operation and asset shutdown can have a direct effect on depreciation. True False.
The various time-depedent assignments / intervals can be created, edited and called in the master record. True False.
Each time you change an asset master record the system creates a change document. True False.
Transation code for changes to asset master records is AS02. True False.
Which of the following statements are true for Asset subnumber? If a fixed asset is made up of many component assets, you may want to manage these component assets as separate subnumbers. Subnumber might be useful for both technical and accounting reasons You can also specify external or internal number assignment for the asset subnumber.
You can divide up assets by subnumbers, if: you want to manage the values for subsequent acquitions in the following years separately You want to manage the values for individual parts of assets separately You want to split the asset according to various technical aspects.
Using the screen layout in the asset class,yu can specify maintenance level at the subnumber level. True False.
A substitution rule consists of two parts: Conditions Substitutions (if the conditions are met) None of the above.