EXAM 3 - ASSET ACCOUNTING + DEPRECIATION

Which of the following options are included in the Asset Explorer? There are 3 correct answers to this question. Display depreciation calculation. Drill down to reports. Post documents. Drill down to Financial Accounting (FI) document.

Identify some of the fields related to the depreciation area in the asset master record. There are 3 correct answers to this question. Useful life. Asset description. Scrap value. Depreciation start.

Which system components are directly integrated with asset accounting? There are 3 correct answers to this question. Investment management. Plant maintenance. Purchasing. Bank account management. Quality management.

Which types of stock is best suited to a moving average price (MAP) valuation? Please choose the correct answer. Third party. Work in process (WIP). Raw materials. Finished goods.

Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? There are 2 correct answers to this question. Functional area. Fixed asset. Cost center. Profit center.

You execute a report based on the location and are missing an asset. What might have happened? There are 2 correct answers to this question. The equipment assigned to the asset was moved. The asset has been fully depreciated. The asset was sold to a customer. The asset was partially scrapped.

An online test run for depreciation is limited to how many assets? Please choose the correct answer. 1000. 100. 10,000. No Limit.

What does the year-end closing program in Asset Accounting do? There are 3 correct answers to this question. It checks whether the depreciation is posted completely for the fiscal year. It settles all assets under construction with values and maintained settlement rules. It posts all remaining depredation and imputed interest. It indicates if any of the created asset master records contain errors or are incomplete. It blocks all postings to Asset Accounting for the closed fiscal years.

You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? There are 2 correct answers to this question. It is possible to post special tax depreciation and investment support for assets under construction. It is impossible to use assets under construction with Investment Management. It is possible to post credit memos, even after assets under construction are fully capitalized. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.

How do you identify an asset as an asset under construction? Please choose the correct answer. The asset belongs to a specific asset class. The ordinary depreciation start date is empty. The asset is assigned to NO depreciation area. The asset capitalization date is empty.

You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting? There are 2 correct answers to this question. Fixed asset fiscal year change is complete. General ledger and subledgers are closed. Assets are complete and error free. Depreciation is posted in full.

What are the parameters to define different technical clearing accounts for integrated acquisition in new asset accounting? There are 2 correct answers to this question. Chart of depreciation. Chart of accounts. Company code. Account determination.

When you copy an asset, the asset text is copied as well. How can you avoid this? Please choose the correct answer. By changing the assigned screen layout. By changing the asset class definitions. By changing the assigned tab layout. By creating a dummy reference asset with no text.

Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? Please choose the correct answer. In the account determination of the asset class. In the screen layout of the asset master record. In the asset master record of the main asset. In the screen layout of the depreciation area.

You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy? Please choose the correct answer. Remove the asset class indicator in screen layout maintenance. Remove the subnumber indicator in screen layout maintenance. Remove the reference indicator in screen layout maintenance. Remove the main asset indicator in screen layout maintenance.

Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data? There are 3 correct answers to this question. For a very large quantity of legacy data, use the direct input procedure (program RAALTD11). For a small quantity of legacy data, use AS100. For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface. For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT. For a large quantity of legacy data, use batch input procedure (program RAALTD01).

On which level are asset classes created? Please choose the correct answer. Depreciation area. Client. Chart of depreciation. Company code.

When making a partial sale, how can you choose to calculate the amount of value reduction for the asset? There are 3 correct answers to this question. By retirement amount. By quantity. By profit (or loss). By percentage. By posted depreciation.

Which date is used to determine the depreciation start date? Please choose the correct answer. Posting date. Asset value date. Acquisition date. Baseline date.

How can you default a value for the cost center in the entire asset class for buildings? Please choose the correct answer. By changing the assigned screen layout. By changing the assigned tab layout. By entering it in default account assignments for the general ledger account. By using asset subnumbers.

What do you define when configuring asset classes? There are 3 correct answers to this question. Number ranges. Financial statement version. Account determination. Posting keys. Screen layout rules.

You'd like to set up low value asset (LVA) management. What do you need to do? Please choose the correct answer. Specify the maximum amount for LVA at two levels: company code and chart of depreciation. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class. Define a base unit of measure for LVA in individual management. Define two Separate asset classes to manager LVA using individual or collective management.

In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Please choose the correct answer. Valuation area. Depreciation key. Chart of depreciation. Depreciation area.

Which of the following retirement types is referred to as scrapping? Please choose the correct answer. Partial retirement without revenue and without customer. Complete integrated asset retirement. Complete retirement with revenue but without customer. Unplanned depreciation of remaining value.

Which of the following control data is carried by asset classes? There are 3 correct answers to this question. Screen layout. Insurance type. Number range interval. Account determination.

Which of the following original Management Accounting objects can you assign in the asset master record? There are 3 correct answers to this question. Cost center. Order. Activity type. Cost element.

For which kind of asset is the asset main text always prefilled? Please choose the correct answer. Asset super numbers. Asset subnumbers. Group assets. Mass-created assets.

In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP? There are 2 correct answers to this question. Asset class. Deprecation start date. Capitalization date. Net book value.

Two assets (belonging to the same company code) post depreciation to different general ledger accounts. What does this mean for the assets? There are 2 correct answers to this question. The assets post acquisition and production costs values to separate accounts. The assets are assigned to separate account determinations. The assets are assigned to separate cost centers. The assets belong to different asset classes.

What are the maintenance levels of a screen layout rule for asset classes? Please choose the correct answer. Depreciation area, asset class, main asset number, subnumber. Asset class, depreciation area, main asset number, group asset. Main asset number, subnumber, depreciation area. Asset class, main asset number, subnumber.

Which attributes should you consider when defining asset number ranges? There are 2 correct answers to this question. Asset number ranges are defined at chart of depreciation level. Each asset number range has to be assigned to a unique asset class. Asset number ranges are defined for asset classes and are company code specific. Each asset class can have either an internal or external number range.

You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate? There are 3 correct answers to this question. Fully depreciated fixed asset master records. Closed year asset sale transactions. Current year asset acquisition transactions. Current year posted depreciation. Accumulated depreciation per cost center.

Which elements define the integration of asset acquisitions to the general ledger? There are 2 correct answers to this question. Valuation area. Depreciation keys. Asset class. Depreciation area.

Which transactions lead to asset capitalization? There are 3 correct answers to this question. Valuated goods receipt. Assets under construction settlement. Nonvaluated goods receipt. Purchase order in purchasing. Intracompany transfer.

How does an automatic intercompany asset transfer work? Please choose the correct answer. It does NOT allow a transfer to happen within a single legal entity. It determines the relationship type automatically, using the company code. It determines the relations! type automatically, using the company ID. It assumes that the transfer happens between two independent legal entities.

Which of the following are the steps of Intercompany reconciliation? There are 3 correct answers to this question. Manual reconciliation and communication. Automatic presentation of reconciled and non-reconciled data. Document selection and data storage. Automatic assignment of documents.

What is the first step in the reconciliation process? Please choose the correct answer. Communicate differences. Collect data from different companies. Present reconciled and non-reconciled data.

The usage of which of the following depreciation types can be activated per depreciation area? There are 3 correct answers to this question. Special depreciation. Unplanned depreciation. Ordinary depreciation. Scheduled depreciation.

Which of the following methods does the depreciation key define? There are 3 correct answers to this question. Multilevel method. Period control method. Base method. Asset sheet valuation method.

What must you do when you set up depreciation areas? Please choose the correct answer. Define the relevant asset classes for each depreciation area. Define the valid depreciation keys for each depredation area. Assign an accounting principle for each depreciation area. Assign leading depreciation area 01 to leading ledger OL.

Which statements best describe a chart of depreciation? There are 2 correct answers to this question. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.

Which of the following are posted in the program FAA_DEPRECIATION_POST? There are 3 correct answers to this question. Ordinary depreciation such as book depreciation or imputed depreciation. Unplanned depreciation or other manually planned depreciation. Imputed interest. Parallel APC values.

What is the purpose of the chart of depreciation? Please choose the correct answer. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting. The chart of depreciation facilitates country-specific legal valuation of fixed assets. The chart of depreciation substitutes the operational chart of accounts in asset-related postings. The chart of depreciation defines the asset classes for which you can create fixed assets.

How do you configure depreciation areas in SAP S/4HANA? There are 2 correct answers to this question. Ensure depreciation areas always post to the general ledger. Assign a ledger group to each depreciation area. Assign depreciation area 01 to the leading ledger. Ensure each accounting principle is assigned to a depreciation area.

You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version? Please choose the correct answer. To each company code. To each chart of depreciation. To each accounting principle. To each depreciation area.

On which organization unit level do you define a chart of depreciation? Please choose the correct answer. Asset class. Chart of accounts. Client. Company code.

The cross-company code depreciation area is required in which of the following intercompany transfers? Please choose the correct answer. For all intercompany asset transfers. For transfers in which you also change the asset class. For transfers between company codes in different countries. For transfers with nonmatching depreciation areas.

You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? Please choose the correct answer. Area Posts APC Immediately, Depreciation Periodically. Area Posts in Real Time. Area Does Not Post. Area Posts Depreciation Only.

Which of the following parameters can be changed on a time-dependent basis? There are 3 correct answers to this question. Variable depreciation portion. Depreciation start date. Useful life (year or period). Depreciation key.

What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer. A Clearing account. A Parallel ledger. A Ledger group. An accounting principle.

What is true for assigning charts of depreciation to company codes? Please choose the correct answer. You assign company codes only to charts of depreciation delivered by SAP. Each company code can be assigned to a different chart of depreciation. A company with company codes in multiple countries can use a single chart of depreciation for all. All company codes of a single country must be assigned to the same chart of depreciation.