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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

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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

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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