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Q:

Aquisition of an asset from the Business partner is an external aquisition.

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

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Subject: SAP FI

Q:

We can still post credit memos for AUC after it has been fully capitalized if we allow negative APC.

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

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Subject: SAP FI

Q:

Screen layout rules in the asset master applies to the valuation fields in the depreciation area.

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

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Subject: SAP FI

Q:

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

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

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Subject: SAP FI

Q:

One of the main tasks of asset accounting is to represent the asset portfolio in the detailed form of an asset history sheet.

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

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Subject: SAP FI

Q:

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

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

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Subject: SAP FI

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

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Subject: SAP FI

Q:

We must settle all line items at once, and you do not have to distribute100 percent of each line item for AUC using line item settlement.

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

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Subject: SAP FI