SAP FI TFIN52 Asset Accounting Competitive Questions with Answers

  • 960 views
Uploaded on

Declaration: This is totally based on Practical Hands on Exercise given by my Trainer during SAP FI Training Only for Practice Purpose before appearing for SAP Certification Exam. It may vary in Real …

Declaration: This is totally based on Practical Hands on Exercise given by my Trainer during SAP FI Training Only for Practice Purpose before appearing for SAP Certification Exam. It may vary in Real Examination conducted by SAP AG. This can be useful for cracking SAP FI Interviews.

More in: Software
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
960
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
0
Comments
0
Likes
8

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. SAP FINANCIALS ASSET ACCOUNTING COMPETITIVE Q’S WITH A’S By Pramila Nagaraj SAP Certified Candidate @ Source One Management Services Pvt. Ltd Bangalore 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore
  • 2. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore SAP FI- TFIN52 ASSET ACCOUNTING Competitive Questions with Answers 1. A Controlling area can be include more than one company code True False 2. One company code can be assigned to one chart of depreciation only True False 3. Various company codes can be assigned a chart of depreciation True False 4. Master data section contains account determination, number range interval and screen layout True False 5. Parallel Accounting not possible in FI-AA True False 6. We can create a asset master record by copying an existing master record True False 7. Want to manage values for individual part of asset separately, Use asset __________ Ans. Sub Number 8. Chart of Depreciation is defined at Client Level True False
  • 3. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 9. Several Pieces of Equipment can be assigned to an asset True False 10. Asset Accounting component enables you to manage values for assets in different valuation True False 11. We can create multiple similar assets True False 12. Chart of Depreciation used to manage legal requirement for depreciation and asset valuation True False 13. Management Object assigned to an asset is assigned to a ___________ A. Cost Center B. Internal Order C. Business Area D. Profit Center E. Controlling Area 14. We can post asset and depreciation values of a individual depreciation area to a separate balance sheet account in GL True False 15. A country specific sample chart of accounts cannot be applied to our requirement True False
  • 4. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 16. Depreciation areas are grouped together as per requirement of a specific country into a chart of depreciation True False 17. Depreciation area 01 reflects local accounting principle in each chart of depreciation True False 18. Asset Class consist of master data and depreciation data section True False 19. We can specify depreciation terms for each depreciation area of the chart of depreciation True False 20. Separate sub numbers are for those asset made up of many components True False 21. We can specify maintenance level for asset sub number using screen layout in asset class True False 22. Every transaction in the asset account has direct effect on corresponding account of GL account True False
  • 5. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 23. Asset accounting has only one depreciation area True False 24. A piece of equipment can belong to one asset only True False 25. Asset accounting works with chart of accounts assigned to a company code True False 26. Asset Class are created at client level True False 27. We cannot define our own depreciation areas True False 28. Details of user who changed the data in asset master records not found in change document True False 29. Each Depreciation area represents a specific type of valuation True False
  • 6. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 30. Asset class can also be linked to multiple chart of depreciation True False 31. All values of depreciation generated from different area are posted in FI True False 32. Values in depreciation area of the asset master record cannot be changed True False 33. Pick the correct one(s) A. Various Valuation approaches are mapped in sap by means of depreciation areas B. Asset Portfolios and Transactions are often valued differently for different purposes C. We can use different depreciation area to calculate different values in parallel for each fixed asset for different purpose D. We specify asset specific depreciation terms for every depreciation area belonging to chart of depreciation Ans. A, B, C, D 34. Cost center is an time dependent data info in the asset master record True False 35. We do not have to define different depreciation for each accounting principle involved True False 36. Is it possible to assign an asset to a additional CO Object ________ and then periodically settled to original CO Object ________ A. Real order, cost centers B. WBS Element, Cost Centers C. PSM Object, Cost Centers D. Cost Centers, Profit Centers
  • 7. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 37. Fields in the Asset Master Records cannot be changed True False 38. We cannot suppress individual depreciation areas per asset class True False 39. Following Management Objects can be assigned to an asset A. Real Estate Object B. Cost Center C. Maintenance Order D. WBS Element E. Activity Type F. Internal Order (Real or Statistical Order) G. PSM Object 40. Depreciation can be posted in following ways A. Periodic Posting B. Real time Posting C. No Posting 41. We can manage different valuation approaches for each asset in depreciation areas True False 42. Several Company codes can use same chart of accounts but can have different chart of accounts True False 43. Change document is created when there is a change in asset master record True False
  • 8. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 44. We want to split asset according to technical aspects – use asset ___________ Ans. Sub Number 45. Certain assignment objects in the life cycle of asset change frequently True False 46. Values in depreciation area of asset master record comes from chart of depreciation True False 47. Management Objects in Asset Accounting March out Maintenance Order Internal Order (Real or Statistical Order) WBS Element Additional Assignment Object PSM Object Original Assignment Object Activity Type Cost Center Real Estate Object Solution: Additional Assignment Object Maintenance Order WBS Element PSM Object Real Estate Object Original Assignment Object Internal Order (Real or Statistical Order) Activity Type Cost Center 48. Depreciation Area 01 is known as leading depreciation area True False
  • 9. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 49. Different deprecation area can have same value and depreciation terms True False 50. Asset are assigned to asset class True False 51. Assignment of chart of accounts is independent of assignment of chart of depreciation to a company code True False 52. It is possible to assign more than one cost center to an asset True False 53. Chart of accounts + chart of depreciation – FI Company code+ Asset accounting data = AA Company Code True False COA+COD+ FI Co. Code+ AA Data= AA Co. Code 54. There are depreciation areas which do not post depreciation if FI True False 55. To display different FSV’s in Asset reports we have to select correct sort variant True False
  • 10. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 56. Depreciation terms are entered in the asset class only True False 57. By activating synchronization we can integrate FI AA and FI MM True False 58. Only internal number assignment is possible for asset sub number True False 59. Depreciation area contains following valuations A. Other Currency Valuation B. Tax Balance sheet Valuation C. Capital Tax Valuation D. Costing Valuation E. Group Valuation F. Difference between book and Country specific tax based depreciation valuation 60. Management accounting objects are assigned to asset master record only True False 61. Process to make available company code for asset accounting A. Set up company code in FA B. Assign chart of depreciation to company code C. Data required for asset accounting is added to company code Ans. A, B, C 62. Various valuation approaches are mapped in sap by means of depreciation areas True False
  • 11. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 63. Based on depreciation rules specified in system ____________ system determines depreciation for each ____________ in parallel and posts depreciation separately for each __________ Ans. Depreciation Area 64. Depending on approach we use, depreciation is posted to different ______ or _________ Ans. Accounts, Ledger 65. Asset value can be posted in following ways A. No posting B. Real time Posting C. Periodic Posting Ans. A, B, C 66. Each asset can be assigned to more than one asset class True False 67. When we save asset master record we get asset number True False 68. Depreciation data section of asset class is assigned to at least one chart of depreciation True False 69. Depreciation area in a chart of depreciation are defined with a four digit numeric key True False 70. Chart of Depreciation are country specific True False
  • 12. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 71. We cannot make separate entries for similar assets True False 72. We can create a asset master record by specifying company code and asset class True False 73. All or Several company codes cannot work with same chart of accounts and chart of depreciation True False 74. Different depreciation area is the main criteria for classifying asset True False 75. Separate FSV can be assigned for asset reports True False 76. Number of changes and new values after changes made to the asset master record is displayed in the change document True False 77. We value fixed assets for various business and legislation True False
  • 13. 2014 Copy Rights © Source One Management Services Pvt. Ltd Bangalore 78. We cannot post depreciation from any area to controlling object True False 79. A ______________specific chart of depreciation is used to create ___________specific chart of depreciation Ans. Country, Company 80. While creating similar asset class Identical Evaluation Group Internal Order Manufacturer Modifiable Insurance Type Inventory Number Business Area Cost Center Plant Answer: Identical Internal Order Manufacturer Insurance Type Modifiable Evaluation Group Inventory Number Business Area Cost Center Plant Declaration: This is totally based on Practical Hands on Exercise given by my Trainer during SAP FI Training Only for Practice Purpose before appearing for SAP Certification Exam. It may vary in Real Examination conducted by SAP AG. This can be useful for cracking SAP FI Interviews.