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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:

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

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Subject: SAP FI

Q:

User can define and use their own transaction types for Assets accounting in  a SAP R/3 system

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

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Subject: SAP FI

Q:

An asset under construction requires a separate asset class with their own account determination since depreciation has to be shown separately on the balances sheet.

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

Explanation:
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Subject: SAP FI