Fixed assets end of week
Charts of Depreciation have what features? (3)
They are country specific
Created at the company code level
Maintained at the client level
Maintained at the depreciation area level
Manage legal requirements for asset valuation
Where is the financial statement version assigned for asset reporting?
Company code
Report
Depreciation area
Accounting principle
The following apply to asset classes(2)
Maintain at the company code level
Has 1 relationship with chart of depreciation
Can be used by many company codes
Contains two main sections - master data and depreciation data
What feature is used to create more than one asset master record at a time?
Collective processing
Multiple similar assets
Copy with reference
Sub-numbers
Which of these are automatically set in the asset master record at the first acquisition?(3)
Date of capitalization
Starting Date of the time interval field
Acquisition year and period
Date of initial acquisition
That the posting date and asset date belong to different years
Updating the setting of a depreciation key will historically correct the accumulated depreciation account the next time the periodic depreciation is executed.
Date of capitalization
Starting Date of the time interval field
Acquisition year and period
Date of initial acquisition
That the posting date and asset date belong to different years
Which transaction lead to capitalization?(3)
Purchase order in purchasing
Valuated goods receipt
AuC settlement
Intracompany transfer
Non-valuated goods receipt
What is true for assigning charts of depreciation to company codes?
All company codes of a single country must be assigned to the same chart of depreciation
Each company code can be assigned to a different chart of depreciation
You assign company codes only to charts of depreciation delivered by SAP
A company with company codes in multiple countries can use a single chart of depreciation for all
How can you default a value for the cost center in the entire asset class for buildings?
By using asset sub-numbers
By changing the assigned screen layout
By changing the assigned tab layout
By entering it in default account assignment for the GL account
For which kind of asset is the main text always filled?
Asset super numbers
Group assets
Asset sub-numbers
Mass created assets
When making a partial sale, How can you choose to calculate the amount of value reduction for the asset?(3)
By quantity
By posted depreciation
By profit or loss
By amount
By percentage
Interest can be calculated in a depreciation area and posted in the depreciation run.
100
1000
10000
No limit
A single depreciation area can post to multiple ledgers.
True
False
In both the ledger and accounts approach, the technical clearing account is posted to by all accounting-principle-specific documents.
True
False
To post intercompany tranfer, you maintain the cross-company code clearing accounts and posting keys
True
False
When you post an amount to an asset in the LVA (Low Value Asset) class that is above the threshold for the maximu value, How does the system respond?
The sysytem produces an error: for you to post you must split the asset or post to another asset class
You recieve a warning message
The system posts the value up to the LVA threshold and posts the rest to the asset sub number.
Which of the following is true regarding the technical clearing account used during asset acquisition?(3)
The account is a balance sheet account
The account is not allowed to be defined in the asset account determination
The account is a profit and loss account
The account must br created as a reconciliation account
The account can be intergrated with Controlling
Why do assets under construction require a special asset class? (2)
Because they must be displayed in seperate accounts of the financial statement.
Because interest can be charged to them.
Because they must be settled.
Because they must not be depreciated.
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