TS4F02- S4 HANA Finance Part2-UNIT3

Every transaction in customer and vendor accounts in the accounts payable (AP) and accounts receivable (AR) subledgers and in the asset accounts has a direct effect on the corresponding accounts of the general ledgers. Determine whether this statement is true or false. True. False.

The system stores the depreciation start date in the depreciation areas of the asset master record Determine whether this statement is true or false. True. False.

The posting date and the asset value date need not be in the same fiscal year. Determine whether this statement is true or false. True. False.

With new General Ledger Accounting (G/L) and activated document splitting, the program SAPF181 is no longer required. Determine whether this statement is true or false. True. False.

Which of the following logistic processes are involved in asset acquisition with materials management (MM)? Choose the correct answers. Purchase requisition. Purchase order. Goods receipt. Inventory receipt.

You can create an asset master record when posting a procurement document. Determine whether this statement is true or false. True. False.

If the goods receipt is not valuated, the asset is capitalized during invoice verification. Determine whether this statement is true or false. True. False.

The values of the accounts for revenue from asset sales and clearing asset retirement can be shown in notes to the financial statement. False. True.

On what basis does the system determine the period for the asset retirement? Choose the correct answer. Asset value date (asset retirement date). Net book value.

Identify different ways of posting asset retirements. Retirement with revenue and customer (integrated asset retirement),. Retirement with revenue. without customer (not integrated). Retirement without revenue (asset retirement by scrapping),. Mass retirement.

When you use the new value method in transaction ABT1L, the system capitalizes the amount of the sales revenue on the target asset. Determine whether this statement is true or false. True. False.

In transaction ABT1L, the system automatically determines the relationship type between company codes using the company IDs of the Company Codes. Determine whether this statement is true or false. True. False.

Using the transfer variant, it is possible to determine the transaction types with which the transfer is recorded in the source and the target asset. Determine whether this statement is true or false. True. False.

When you capitalize the asset under construction (AuC), you can transfer the values to one or more completed assets. Determine whether this statement is true or false. True. False.

What are the two phases of AuC that are relevant to Asset Accounting? Choose the correct answers. Under-construction phase. Useful life phase. Assets transfer phase. Accounting phase.

When you enter the relevant transaction type during execution of unplanned depreciation, the system recognizes that you want to perform manual depreciation. Determine whether this statement is true or false. False. True.

You can select the depreciation areas for which you want to enter depreciation while posting unplanned depreciation. Determine whether this statement is true or false. True. False.

Asset Explorer Functions are?. Calculate depreciation transparently and display details about the depreciation key. Go to an FI document. Display value development over several years and at the same time in several depreciation areas. Convert currency amounts. Call asset reports. Print and export functions. Simulate transactions and depreciation term changes.

Although the document type is client-specific, you need to create the number range interval for the FI document specifically for the company code. True. False.

In case of Non Valuated material the the asset is capitalised at the time of Invoice verification and the posting date of invoice verification will be treated as date of capitalization. True. False.

The system uses transfer variant 5 for transfers within company codes. True. False.

If company codes are assigned to different charts of depreciation, the charts may contain different depreciation areas (different keys or different area IDs) but have the same functions. Therefore, you must define cross-company depreciation areas before an asset transfer. True. False.

The standard SAP system assumes that in the case of a transfer of relationship type 2 (transfer within a company), revenue is not posted. If you want to implement a different model, you can use a user exit. True. False.