Every company code can have following combinations as chart of accounts (COA)

A. one operating, one group and one alternate COA

B. one operating COA and many group COAs

C. many operating COAs and one group and one alternate CoA

D. one operating COA and one alternate COA

The G/L account becomes a complete G/L account

A.if we have created chart of account

B.if we have copied the chart of account segment from other company code

C.if we have added the company code segment to chart of account segment

D.if we have created both company code segment and chart of account segment centrally

posting to G/L

A.dep is always posted on periodic basis

B.dep area 01 posts APC values to G/L online in real time

C.other dep areas can recieve their values from dep area 01 but calculate and post different dep values to G/L

D.defining dep areas for reporting purposes only do not post any values to G/L

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.

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.

chart of depreciation is assigned to company code and necessary data for asset accounting is added to company code. Hence company code is available for use in asset accounting

 The plant maintenance component is used for the technical management of asset and the treasury component is used ot manage finincial assets.

We can use schedule manager in FI-AA to define, schedule,process and control periodically recurring processes.