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SAP Financials Asset Accounting - Depreciation Competitive Certification Qs with As
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SAP Financials Asset Accounting - Depreciation Competitive Certification Qs with As

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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.

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  • 1. SAP FINANCIALS SAP FI – AA COMPETITIVE Q’s with A’s – Depreciation Topic by Pramila Nagaraj SAP Certified Candidate @ Source One Management Services Pvt. Ltd Bangalore 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore
  • 2. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore Enhancement Package - TFIN52-ASSET ACCOUNTING - DEPRECIATION 1. Additional Account Assignment objects are not posted during depreciation run True False 2. We can have maximum of two fiscal year in order to make posting. True False 3. Annual Depreciation is calculated using depreciation key and useful life of the asset True False 4. Pick up the correct statements (one or more may apply)  We define for each depreciation area how posting values and depreciation terms should or can be transferred to other areas  We can define depreciation areas for reporting purpose only  We can calculate different values in a depreciation area for a specific purpose  We can define per depreciation area which values have to be managed All 4 are correct 5. Time dependent changes in useful life does affect previous year value also True False 6. One calculation method can be used in more than one depreciation key True False 7. We have to run Fiscal Year Program for whole company code True False 8. Asset accounting enables replacement value of asset usage True False 9. Time dependent parameter can be implemented even if other system dependencies are affected True
  • 3. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore False 10. Depreciation Run posts only ordinary depreciation True False 11. If there is transaction on the asset within a fiscal year, depreciation calculation has : 1. Changed reference value 2. Exactly one period interval 3. Additional period intervals 4. Same reference value 12. Relevant Document type recognizes manual depreciation True False 13. If there are any changes in depreciation values we must run depreciation program again True False 14. Country Specific requirements are represented by methods specific to a particular chart of accounts True False 15. Preparation for Year End Closing (One or More are correct)  If the final result is not satisfactory, you can carry out depreciation simulation or bulk changes or make adjustment postings  If an area posts APC values to the general ledger periodically, you will need to run report RAPERPOO for periodic posting  If you change any depreciation values, you must run depreciation posting again  After the depreciation lists and Asset History sheet have been checked, depreciation is posted  Once Depreciation has been posted in FI-AA and FI, a balance sheet and profit & loss statement can be created 16. After release 4, calculation methods replace the internal calculation key of a depreciation key True False This Q is based on Enhancement Package 4
  • 4. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 17. Following setting is required for posting depreciation, choose all those which may apply 1. Specify GL and Document type for Posting 2. Activate account assignment objects and type 3. Configure depreciation area, specify intervals and posting rules 18. Depreciation Run creates controlling documents True False 19. If the depreciation program run does not find any errors, what happens? 1. It updates the last closed fiscal year 2. It locks all closed fiscal years against posting from the asset area 20. We define Depreciation area, How to post asset ______values and_________ values into GL Account  Balance sheet, Depreciation  Cost, Depreciation 21. We can post in old fiscal year even if fiscal year is changed True False 22. With Indexing Acquisition Value we can calculate replacement value True False 23. Program for depreciation run is ________  RAPOST2000  RAPOTA2000  RAPOST2001 24. System posts depreciation directly to GL Account True False 25. Interest can be calculated only up to useful life of the asset is exhausted True False 26. We can post in New Fiscal Year even if the fiscal year is not changed
  • 5. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore True False 27. Test run checks for errors and displays in error list True False 28. Detail list of calculation method can be called in form  Depreciation Area  T. Code AFAMA  Asset Explorer  Asset Master Record 29. Zero Depreciation is possible True False 30. Time dependent depreciation parameter can be set to one depreciation area only True False 31. Depreciation Key is found in depreciation area of the asset master record True False 32. Interest and Zero Depreciation can be defined in asset master record True False 33. Individual Calculation Methods are  Base Method  Declining Balance Method  Multi Level Method  Period Control Method  Straight Line Method  Maximum Amount Method 34. Changes in depreciation keys leads to correction of depreciation amounts posted True False Execute Recalculation of Depreciation by using Transaction Code AS02
  • 6. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 35. Specifications and Parameters that the system required to calculate depreciation amounts are entered in _________ Ans. Calculation Method 36. Only Year dependent index class is used True False 37. Replacement value of asset is used where rate of inflation is high True False 38. Advantages of Calculation Method  Enter default depreciation area  Country Specific Requirement  Avoid Multiple Calculation Key 39. For Determining Replacement Value, System offers indexed replacement values True False 40. Parameters that can be changed on a time dependent basis  Absolute and % of Scrap Value  Depreciation Area  Useful life  Variable Depreciation 41. Interest is calculated per depreciation area along with depreciation and valuation type True False 42. Depreciation area is a Two Character Numeric Key True False 43. We can carry out fiscal year change in any posting period of the current fiscal year True False
  • 7. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 44. Index Figures should be specified for each index series for each fiscal year True False 45. Depreciation can be calculated even after useful life is exhausted True False 46. System Posts Interest during yearly depreciation posting run True False System Posts Interest during Periodic Depreciation Posting Run 47. Depreciation and its basis (Match out) Unplanned Tax Purpose Unit of Measurement Wear and Tear Ordinary Usage of Asset Special Depletion in value of Asset Un Planned Depletion in value of Asset Unit of Measurement Usage of Asset Ordinary Wear and Tear Special Tax Purpose 48. It is mandatory to post depreciation to relevant GL Account True False 49. Periodic Processing is possible in following functions  Depreciation and Value Posting  Investment Support Claim  Planned Depreciation and Interest for Primary Costs  Inflation Management All 4 are correct 50. Interest is posted for the company code and corresponding depreciation area True False 51. We can manage and monitor periodic processing in asset accounting using schedule manager True False
  • 8. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 52. We can use default Index series for calculating replacement value of asset True False 53. Interest calculation is controlled by Depreciation Area True False 54. Asset Explorer displays value and depreciation for only one depreciation area True False 55. Once Fiscal year is changed, we cannot post values in previous year True False 56. We can enter depreciation key a default value for a company or depreciation area True False 57. Index Series are assigned to the asset or asset class and index class True False 58. Additional account assignment like cost center can be made for posting True False 59. Possible Errors in Depreciation Run Log  Account assignment type is missing  Posting period incorrect  Setting for posting cycle missing  Account for posting depreciation missing  Parameter not specified  Incorrect account assignment object 60. Period based calculation leads to time dependent depreciation parameter True False
  • 9. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 61. Transaction Based Depreciation and period based depreciation derives different values of depreciation True False 62. Pick the Wrong statements (more than 1 may apply)  System continue depreciation even after end of life of the asset is not possible  Setting for Zero depreciation and interest calculation is defined in depreciation area  Life of asset is not extended after end of planned life  Depreciation is calculated even after book value is zero  We use Index series for calculating replacement value 63. Changes of Depreciation terms during a fiscal year not possible True False 64. Unplanned Depreciation can be done manually True False 65. If there is no Transaction on the asset within a fiscal year, depreciation calculation has  Same Reference Value  Changed Reference Value  Additional Period Intervals  Exactly One Period Interval 66. Year End Program do not check whether asset contains errors True False 67. Using Schedule manager we can view the current status of closing process True False 68. Interest can be calculated for an unlimited period True False 69. Assets eligible for investment support are marked in the asset master records with an investment support key True False
  • 10. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 70. Periodic Processing comprises tasks performed on periodic interval True False 71. We can carry out Fiscal Year change in any posting period of the previous fiscal year True False We can carry out Fiscal year change in Last Posting Period of the Previous Fiscal Year 72. Depreciation Run Posts, Choose all those which may apply)  Imputed Interest  Ordinary Depreciation  Unplanned Depreciation  Revaluation of APC  Tax Depreciation 73. If Index Figure for Index series is not specified for a fiscal year  Simulated Annual Rate is used  Replacement Value is not calculated 74. Calculation of Depreciation is controlled by depreciation key and calculation method True False 75. If interest is based on replacement value indexed interest is used True False 76. Fiscal year change program opens new annual value fields for each asset True False 77. In manual depreciation documents are not posted to FI until depreciation program is run True False
  • 11. 2014 Copy Rights © SourceOne Management Services Pvt. Ltd Bangalore 78. Pick the Correct statement(s)  System determines depreciation start date using asset value date and period control method  Depreciation terms are stored in Asset master record  Changes in depreciation keys do not lead to correction of depreciation amounts posted  From the asset explorer we can display the calculation of depreciation values  We have to execute recalculation of depreciation program to correct depreciation amounts already posted All statements are correct 79. According to Replacement Values : Index Series Pick out the wrong one(s)  An Indexed revaluation can also be calculated for accumulated depreciation and imputed interest  You should specify index figures for the index series, for each fiscal year  You enter the index series in the asset or in the asset class  The index series must be assigned to an index class  Only year independent index classes are used 80. Year End Program checks asset and depreciation balances True False 81. Calculation method are assigned to depreciation key True False 82. If a closed fiscal year is subsequently released for posting, it can be closed again once the year end closing program is run again True False 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.

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