SAP FI Questions

Q:

Choose the correct statement regarding the asset class.

A. Asset classes are used as template for the asset master records and therefore necessary to decide which default values are to be stored in the asset classes to ensure the uniformity of the assets.

B. Asset classes are the most importnant means of structuring the fixed assets according to the requirements of the enterprise.

C.Asset class defination applies to all company codes in a client.

D.Asset class consits of  master data and valuation sections.

Answer

Answer : A ,B ,C ,D

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Q:

special asset class: LVA

A.set up max amount check in dep areas

B.for each type of management you have to set up seperate aseet class

C.for collective management you have to enter a base unit of quantity in asset class

D.can be managed using individual management or collective management

Answer

Answer : A ,B , C, D

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Q:

If a general ledger account is defined using a sample account, following data is referenced from the sample account

A. entire master data

B. only account control and account management data in company code segment

C. the control data in COA segment

D.only company code segment data

Answer

Answer :D

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Q:

Dfferent Valuation approaches are used to valuate the asset Portfolio and transactions in Asset accounting. Choose the correct Example from the list given below.

A.Financial statement according to local requirement.

B.Balance sheets for tax purposes

C.Internal accounting (Cost accounting)

D.Parellel financial reporting, for example, creating consolidated balance sheet according to IAS, US GAAP and so on.

Answer

Answer : A ,B ,C ,D

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Q:

Asset sales posting can be posted to any revenue account, provided the account fields status is set correctly.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:
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Q:

If you want to chose a different set of fields in a vendor account line item display, you choose a different

A. line layout

B. sort variant

C. totals variant

D. additional fields

Answer

Answer : A

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Q:

If there is no gain or loss on the asset retirement, the sales revenue equals to the net book value of the asset.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:
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Q:

Which of the statements are true

A. all company codes in the payment run parameters must be in the same country

B. the payment proposal can only be edited, deleted and recreated as often as desired

C. the exception list is a part of the payment proposal

D. a payment method can only be used if it is entered in the account master record

Answer

Answer : A ,B ,C

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