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Q:

The layout of asset master defines the following

A.The Number of tab pages

B.The field groups

C.Account groups

D.Tolerance groups

Answer

Answer : A ,B

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Subject: SAP FI

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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Subject: SAP FI

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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Subject: SAP FI

Q:

Types of depreciation in Asset accounting.Choose the following?

A.Special depreciation            B.Unplanned depreciation

C.Manual depreciation           D.Automatic depreciation

Answer

Answer : A , B

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Subject: SAP FI

Q:

You can create multiple similar assets for example if you purchase 20PCs at once for your training department, or 12 desks for a new suite of offices. You can still make separate entries for each

A. Cost center                      B.Inventory number

C.Business area                   D.Description of the assets

Answer

Answer : A , B , C, D [all these]

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Subject: SAP FI

Q:

 when you create asset master records this data is automatically adopted from the asset class you specify

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

Explanation:
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Subject: SAP FI

Q:

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

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

Explanation:
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Subject: SAP FI

Q:

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

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

Explanation:
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Subject: SAP FI