Asset Ac

SAP FI ASSET ACCOUNTING
Collection of SAP FI Certification Qs with As pertaining to

FI-AA Configuration (SAP ECC6.0 SAP System)

Prepared By:
Ms. Pramila Nagaraj
First Class MBA Finance Graduate (2009-10) - FRESHER
Global Academy of Technology, Bangalore (VTU- Belgaum)
Trained up in SAP FINACIALS @ SAPTAC Bangalore

Note: Answers Indicator is **

Collection of SAP FI Certification Qs with As
Copy Rights SAPTAC 2012-13 Bangalore

1. Asset classes consists of two main sections a master data section and a valuation section
True **
False

2. Which of the following are true? (More than 1)
The 4 period control methods are based on acquisition, retirement, transfer and
settlement.
In ECC 5.0, period intervals refine the calculation of depreciation. **
Parameters that can be changed on a time dependent basis are depreciation key,
useful life, variable depreciation amount, absolute scrap and percentage scarp. **
Index values can have only year based calculations.
Net settlement, but post capitalisation.
Customers can also configure their own.
Can be historical as well.

3. Default values are defined by the combination of asset class and depreciation areas.
True **
False

A transfer variant contains the method the relationship type and the transaction
type group affected.
The cross company depreciation area does not hold any asset values. **
Asset under construction are managed at summary level.
Asset master record sub numbers can either be internally or externally assigned. **
The account assignment category in the PO drives whether an asset will be posted or
not. **
Transaction type group not affected, but acquisition type and retirement
transaction types are.
Managed at line item level.

5. Asset class must be created for assets under construction and low value assets.
True
False **
SAP supplies templates for these classes.
6. A depreciation area can manage more than one currency.
True
False **
Each depreciation area can have only referred to one currency.

7. User entries can be defined into the master record.
True **
False

8. Number ranges for asset master record can only be internally assigned.
True
False **
Either internal or external.
9. Asset Sale postings can be posted to any revenue account provided the account field status
is set correctly.
True **
False

10. Asset classes can have default values set for depreciation keys, useful life, and screen layout
rules.
True **
False

Master data time dependent intervals can made when creating an asset.
Asset changes can be viewed at the asset or field level. **
Equipment master records can be synchronized down at the plant and object type
level.
Scrap value sets a floor for the end of depreciation on an asset. **
Change over year set at the asset level will override configuration settings. **
Only in a change mode
Not plant, but object class

12. Which of the following are true? More than 1
1. The Revenue options for mass assets sales are based on either on APC (or) Net book
value.
2. Asset transfers create a new asset on the receiving entity. **
3. For inter company asset transfers, transfer variant 1 should be used.
4. The 3 delivered methods for asset transfer are gross, net and new values. **
(1) Also can be user defined (3) Transfer variant
(4) Is delivered for this purpose.

1. If a capital investment order (or) WBS is referenced in the asset master record; real
postings can be made to those objects.
2. For low value assets, amount checks can be set at the individual or quantity level. **
3. Low value asset values are only checked if the posting originated in AP or a standard
asset posting only.
4. When creating multiple assets, populating the number of similar assets field
streamlines asset creation. **
5. Post capitalization will post depreciation from prior years into the current year. **
(1) Statistical entries to these objects are made.
(3) Can be done through MM as well.

14. Fields updated in the matter record after original posting include the posting information
and depreciation area fields.
True **
False

15. Multiple financial Statement versions do not have to be defined if more than one area posts
to the GL
True
False **
Otherwise double booking would occur.

16. Which of the following are true? More than 1 Correct
1. Single Sets can mix characters.
2. The statuses of activation for validations are inactive and active.
3. Substitution methods are constants, user exits and filed comparisons. **
4. The three sets are basic, single and multi sets. **
5. Rules can use sets for more efficient validation and substitution formulas. **
(1)-Only multi sets can mix characters. (2)-Also active except for batch mode.
17. Transaction type groups are used for reporting purposes as well as restricting asset
transactions to certain classes.
True **
False

18. Goods Receipt can be set as a non valued transaction.
True **
False

19. Which of the following are true? (More than 1 Correct)
1. The Screen layout rule table defines field status, maintenance level, and number
ranges for the assets.
2. The evaluation group field tables can be changed in configuration. **
3. One of the key factors in determining whether to use one client or multiple clients
for a live system is the amount of data sharing required by the company. **
4. Maintenance levels of the asset are only at the asset class and main asset number
levels.
(1)- No number range influence. Last influence is copy rules.
(4)- Can be at the sub number as well.
20. Which of the following are true? (More than 1 correct)
1. When posting unplanned depreciation, only area 1 will get posted.
2. Calculation methods replace the internal calculation key of the depreciation key. **
3. If a method wont be considered by the type of depreciation, it doesnt have to be
entered into the depreciation key.
4. Depreciation keys can be entered as a default value for a particular company code or
depreciation area. **
5. The calculation methods are base, declining balance, maximum amount, multi level
and period control. **
(1)-Other areas can be influenced as well.
(3)-All keys will have all methods entered into them.

21. SAP delivers depreciation area 10 for standard cost accounting entries.
True
False **
Area 20 is delivered for this purpose.
22. If the initial transaction to an asset is driven by a vendor entry, the origin field is populated.
True **
False

23. All additional account assignment objects for the posting of depreciation are enabled and
ready for use.
True
False **
Some are turned on, but as of version 4.7, you must turn additional objects on.
24. When creating dependent areas, the transfer of APC values are the only transfers that can
be created.
True
False **
Depreciation area settings can be done as well.
25. The 3 call up points for validations are header line item and company code.
True
False **
Not company code but complete document.
26. Chart of Depreciation are managed at the client level
True **
False

27. Asset classes can have default values set for depreciation keys, useful life and screen layout
rules.
True **
False

28. Capitalization date is created by the posting date.
True **
False

29. Which of the following are true? (More than 1 Correct)
If workflow is not desired, work list should not be assigned to any specific user. **
Only one field can be substituted for any given step.
Substitutions can be entered in the form of builder (or) expert modes (or) both. **
The 4 types of mass processing are master data changes, retirements, transfer and
scrapping.
Assets are considered to be a sub ledger to the general ledger. **
Retirements without revenue can also be done.
30. Depreciation area can manage more than one currency.
True
False **
Each Depreciation area can only refer to one currency.
31. Which of the following are true? More than 1 Correct)
1. Posting can be made directly to the GL Accounts for assets.
2. The 3 types of posting are integrated, non integrated and through logistics. **
3. Posting using non integrated transactions off set to a clearing account that should
be set as open item managed. **
4. The transaction document is generated based on the transaction type set by internal
postings. **
5. Asset explorer cannot handle simulation scenarios.
(1)- Reconciliation accounts do not allow this. (5) Available as of 4.7 version.
32. Asset classes consists of two main sections
1. Master data section
2. Valuation Section
True **
False

33. Acquisition transaction types determines whether an asset will be capitalized
True **
False

34. Asset classes are used as a template for the creation of asset master records in a company
code.
True **
False

35. Which of the following are true? More than 1 is correct
1. Assets with sub numbers cant be retired until the main asset it references is retired
as well.
2. Personal values lists set a cap on how much any individual can post to an asset.
3. Personal value lists are limited to 99 lines, but all values can be displayed as well. **
4. Master data substitutions are limited to constant value entries.
5. Mass processing in assets always originates from the report environment. **
(1)-Sub numbers are really independent assets.
(2)-It is just a display/search setting.
(3)-Also user exit and field comparisons.

36. Number ranges for asset master records are independent of organizational object.
True
False **
Number ranges are assigned by company code.
37. The asset history sheet report dependents on transaction type groups to summarize posting
for the report.
True
False **
Asset history sheet group.
38. Depreciation areas are limited to two space alpha numeric key.
True
False **
Must be numeric.
39. Number ranges for asset master records can be shared by company codes in asset
accounting.
True
False **
There can be a leading company code if desired.
40. Asset classes must be created for assets under construction and low value assets.
True
False **
SAP Supplies template for these classes.
41. Asset classes control number range assignment for documents, Screen layouts and Account
determination rules.
True
False **
Number ranges for Master records.
1. Indexes are used for inflation management and insurance reasons. **
2. Fiscal year change is done with regard to balance carry forward for the GL close.
3. The 3 types of depreciation SAP supports are Ordinary, Special and unplanned. **
4. Special depreciation also follows for depreciation based on units of production.
5. Assets can carry negative book value. **
(2)-Fiscal year change is only for Asset not for GL related.
(4)-This a function of Ordinary depreciation.

43. Assets can be attached to more than one cost center in case two or more cost centers
manage the asset.
True
False **
Only one cost center per master record. If the above occurs an allocation must be run.

44. Asset sale postings can be posted to any revenue account provided the account field status
is set correctly.
True **
False

45. Fields updated in the master record after the original posting include the posting
information and depreciation area fields.
True **
False

46. Retirements with revenue constitute true revenue to the company selling the asset.
True
False **
Must be offset by Revenue clearing account.

47. Asset classes are arranged at the company code level.
True
False **
At Client level

48. A chart of depreciation is used to map asset values to the GL.
True **
False

49. Group assets can take values from main assets for any area.
True **
False

1. Simulations can be done by using both asset explorer and reporting. **
2. Simulation versions can either use substitutions or characteristics combination. **
3. Message settings for validations are information, warning, error and cancel. **
4. The character for wild card values in validation messages is & . **
5. Comparisons in validations can include partial field comparisons, field constant
comparisons and pattern comparisons. **

51. More than one depreciation area can be mapped to post into the GL.
True **
False

52. Multiple company codes can share the same asset.
True
False **
Assets are created by company code must do allocations if required.

53. The account determination key provides account assignment by the combination of chart of
depreciation and chart of accounts.
True **
False

54. Transaction type groups can be user defined and are changeable.
True
False **
These are SAP delivered and cannot be modified.

55. Business areas must be assigned to company codes.
True
False **
Business areas are independent of company codes in configuration.

56. SAP Supplies sample charts of depreciation that are based on the requirements of each
country.
True **
False

57. Net posting capitalize an asset with the discount taken at the time of payment.
True
False ** this would be an example of Gross Postings.
1. All errors must be resolved before the depreciation can post in 4.7 and above. **
2. Only real CO objects can be posted, although statistical postings can be made to
other objects. **
3. Depreciation can be posted to the day given that the proper setting is made in the
depreciation key. **
4. Document types are not necessary for periodic APC postings, only real time
postings.
5. Sort characteristics for asset reports can include up to 10 different fields
(4)-Changed in ECC 5.0
(5)-The limit is 5.

59. Depreciation on an asset can only be changed to cost centers and internal orders.
True
False **
As of SAP R/3 4.7, can be charged to other objects as long as they are activated.

60. Specify the correct answers: One or more is correct
Only year independent index classes are used.
You should specify index figures for the index series, for each fiscal year. **
The index series must be assigned to an index class. **

61. You must settle all the line items at once, but you do not have to distribute 100 % of each
line item.
True
False **

62. Asset history sheet is the most important and most comprehensive year- end report or
intermediate report.
True **
False

63. The system treats the calculation of imputed interest as a depreciation type, since it is also
controlled by depreciation keys and calculation methods, similar to the calculation of
depreciation.
True **
False

64. Consider the following when creating asset classes: One or more is correct
The assignment of asset numbers can be controlled by asset class. **
The asset class provides default values to all asset master records in the class. In
this way, the asset class function as a simple master record and makes it possible to
create new asset master records simply and without errors. **
The screen layout, tab layout and the field characteristics
(required/optional/suppressed) of the asset master record can be set for the asset
class. **
The asset class is a selection criterion in all standard reports in asset accounting. **

65. Many assets are affected by a change; therefore, you cannot carry out a mass change.
True
False **

66. An external asset acquisition is a business transaction resulting in from the acquisition of an
asset from a business partner (In contrast to an acquisition from in-house production). You
can post the acquisition of a purchased asset in several different ways using different
components of the R/3 system. Keeping in mind the above statement choose the correct
answer:
In Asset Accounting (FI-AA) in integration with Accounts Payable (FI-AP) and with
(without) reference to a particular order.
In Asset Accounting, without reference to a purchase order, without integration
with Accounts Payable (Posting to a clearing account with or without clearing). **
The system proposes default for the posting data and you cannot or can over write
them.

67. The system stores all the values and transaction data per asset master record.
True **
False

68. You can use the schedule manager to manage the following periodic processing in Asset
Accounting; One or More is Correct
Posting Depreciation **
Automatic posting of asset transactions from a depreciation area to the General
Ledger. **

69. The system automatically enters the vendor in the origin data field of the asset master
record, when you post the acquisition integrated with accounts payable.
True **
False

70. Choose the correct answer:
If the prerequisite is satisfied (TRUE), Substitution is performed. **
Substitution consists of several steps (up to 9999 are possible, each two parts; Pre
requisite and Replacement.

71. You can not specify how many tabs you want to have and which field groups you want to be
displayed on the given tab pages.
True
False **
72. The number of possible transaction type groups, as well as characteristics of the individual
groups, are specified in the system and can (not) be changed.
True
False **

73. If you want several company codes to use the same number assignment (cross company
code), you can maintain the number range in one company code and assign the other
company codes to this company code for number assignment.
True **
False

74. Time dependent changes cannot be defined by creating new intervals.
True **
False

75. Using intra company asset transfer, you transfer a fixed asset, or an asset component, to a
different asset master record. The target asset has to be in the same company code as the
sending asset. Intra company transfer may be necessary for one of the following reasons:
An asset was created in the wrong asset class. You can change the asset class in the
asset master data or you can transfer the asset to a new master record.
You split up in an asset or move part of a asset (transfer from asset to asset). **
You cannot settle an asset under construction and transfer it to a finished asset.

76. You can only process a fiscal year change in a subsequent year if the previous year is still
open for posting.
True
False **

77. Keep in mind this statement: User can define own history sheet versions. One or More 1 is
correct
Define how values are supplied to the history sheet items. **
Store the top of the history sheet items. **
Size up to 8 Rows/ 10 Columns (10 Rows/8Columns)

78. Depreciation calculation is based on the control parameters explained below, as well as on
the planned useful life of the asset that is entered in the asset master record.
The depreciation key containing all control data for the calculation of planned
annual depreciation. **
The most important part of the depreciation key is the calculation method for the
calculation of same types of automatically calculated depreciation.
You cannot enter a depreciation key in each depreciation area in the asset master
record.
The calculation method is particularly important for defining the depreciation
calculation method. **

79. Select the correct answers: More than 1 is correct
You have to assign each company code, in which assets are managed, to exactly one
chart of depreciation. **
The numeric keys represent depreciation terms that cannot be entered in the asset
master record or in the asset class.
The system uses depreciation area 01 to calculate ordinary depreciation. The
depreciation is then posted to GL Accounts. **

80. ALVs user friendly characteristics support the dynamic creation of layouts.
True **
False

81. Time dependent charges cannot be defined by creating new intervals.
True
False **

82. The period logic of the depreciation calculation creates a new period interval (Segment) for
a mid-year changes to them.
True **
False

83. If you choose individual management of low value assets, you have to enter a base unit of
quantity in the asset class.
True
False **

84. The ways of postings retirements are: One or More is Correct
As Retirement of several assets**
With or Without Vendor
Mass Retirement **
As Full or Partial Retirement **
With or Without Revenue **
Also, With or Without Customer

85. If you want to perform acquisitions, retirement and transfers, it will be identified through
transaction types which are used with every posting.
True **
False

86. Choose the correct answer:
The asset has already been delivered but the invoice has not, its a reason for not
making integrated postings. **
If the asset arrived after the invoice was received, integrated posting are made.

87. In Asset and Equipment Master Records: One or More is Corrects.
When you create an asset master record, the system automatically enters an
equipment master record number in the asset master record, and copies the values
of certain master data fields (for ex: Company code, cost center). **
You can also set up the system so that equipment master records are automatically
updated when you make certain changes to the asset master records linked to
them. **
The equipment master record, however, is not actually created until you save. **

88. Line item settlement (AUC) is carried out by using distribution rules.
True **
False

89. You can generate manual depreciation amounts for all depreciation types, but it is more
common to manually generate unplanned depreciation and the transfer of reserves.
True **
False

90. The following parameters can be changed on a time dependent basis; One or More is
correct
Percentage Scrap Value **
Absolute Scrap Value **
Useful Life **
None of the above
Depreciation Key **
Variable Depreciation Amount **

91. Answer each of the following One or More is Correct
Asset classes apply in all company codes.**
You cannot define an unlimited number of asset classes in the system.
The asset class catalog is relevant in all company codes in a client. The preceding is
also true when company codes have different charts of depreciation and therefore
different depreciation areas. **

92. Specify the correct answer:
You can use collective management of several assets under construction on one
master record. **
You cannot manage assets under construction in the system as individual master
records.

93. You can manage AUC under construction phase in FI-AA in which of the following ways:
As normal asset master record (for summary settlement). **
As a normal asset master record with line item management. **

94. The number of the GL account to be charged can be automatically suggested by the system
provided that automatic account determination has been defined for company code.
True
False **

95. Consider the following when creating asset classes; One or More than 1 is Correct
The asset class provides default values to all asset master records in the class. In
this way, the asset class function as a sample master record and makes it possible
to create new asset master records simply and without errors. **
The asset class is section criteria in all standard reports in Asset Accounting. **
The screen layout, tab layout and field characteristics
(required/optional/suppressed) of the asset master record can be set for the asset
class. **
The assignment of asset numbers can be controlled by the asset class. **

96. By using screen layout control you can specify the field attributes in the asset master record
and the maintenance level of the fields.
True **
False

97. When capitalizing AUC, System automatically separates transactions from previous years
from the current year. This is done by using different transaction types
True **
False

98. Several company codes can use the same chart of accounts, although they have different
charts of depreciation.
True **
False

99. The advantages of SAP list viewer are: One or More is Correct
Saving client and user-dependent settings. **
Filter **
Formatting columns by double clicking or dragging with the mouse. **
Sorting **
Enables summaries and subtotals. **

100. Choose the correct answer : One or More is correct
If you specify the sub number as maintenance level, you cannot maintain the field
group on the main and sub number level.
If you specify the maintenance level as main number, the field group from the main
number is proposed as default value during maintenance of sub-numbers. **
If you specify the asset class as the only maintenance level for a field group, you
cannot maintain the fields on main or sub number level. Instead these fields are for
display only at those levels. **

101. The system determines the planned annual depreciation and planned interest based on the
asset value date which determined the depreciation start date, and the depreciation terms.
True **
False

102. The system supports which direct types of depreciation.
Special Dep. **
Ordinary Dep. **
Unplanned Dep. **

103. AUC are a special form of tangible assets. They are usually displayed as a separate balance
sheet item and therefore need a separate determination in their asset classes.
True **
False

104. One of the most important functions of the asset class is to establish the connection
between the asset master records and the corresponding accounts in the general ledger in
Financial Accounting.
True **
False

105. You can define whether interest should be calculated for the cost accounting depreciation
area, and whether depreciation should continue below zero.
True **
False

106. The SAP System posts the depreciation and interest based on the chart of depreciation
defined in the asset class.
True **
False

107. You can distribute to the proper assets when the asset under construction is completed by
using either
Line item settlement
Simple Transfer to cost objects

108. An asset class consists of the following main sections: One or More is correct
A valuation section with control parameters for valuation and default are
depreciation terms. **
A header with the control parameters for master data maintenance and account
determination.
A master data section with default values for the administrative data in the asset
master record. **

109. Consider the following in case of number range intervals: One or More is correct.
In customizing for the asset class, specify the number range per company code and
specify whether assignment from the range should be carried out externally or
internally. **
Alpha numeric intervals can be only be assigned externally. **
The number assignment is uniform for the asset class by specifying the number
range for an asset class in the asset class. **
You can choose between external and internal number assignment by specifying a
correspondingly defined number ranges. **
You may choose small intervals, since an extension is possible if the extension
already belongs to another interval.
The number ranges can be defined at company code level.

110. The following measure are required to execute substitution/validation: One or More is
correct
You must decide for which area of application validation/substitution must be
selected. **
You must assign your validation/substitution to an appropriate organizational unit.
**
The correct call up point for the validation/substitution must be selected. **

111. By the period control method of the depreciation key, the asset value date is determined
for each depreciation area.
True **
False

112. You can enter the accounts that are to be posted in the account determination in each
depreciation area.
True **
False

113. Unplanned Depreciation: Select correct statements
After you have manually planned dep. system doesnt create an FI document
immediately. This document is not generated until depreciation posting program is
run. **
When you enter transaction type, system recognises that you want to perform
manual depreciation. **
You can plan manual depreciation for individual assets in FI-AA. **

114. In validation procedure, if prerequisite statement is satisfied, a check is performed and if
the result of the check is TRUE, the system posts a message.
True
False **


115. Rule permits complex logic to be summarized; it cannot be re used.
True
False **

116. Specify the correct answers:
You cannot jump from field above the tree to the asset master data.
In a print preview format, you cannot display planned values, book values and
transactions directly in the Asset Explorer.
In the Asset Explorer, dunning areas are displayed in an overview tree, from which
they can be selected.
None of the above. **
You can recalculate depreciation functions on the value fields tab page.

117. When you post with account assignment to an asset, the system determines the GL account
that is posted, based on the following things: One or More is correct
The chart of accounts valid in the company code. **
The transaction type [the transaction type identifies the type of business
transaction. Using the transaction type, the system posts the transaction to the
appropriate accounts of the given account determination].**
The account allocation key. **
The default area that is to be posted.

118. You can use the Schedule Manager to manage the following periodic processing in Asset
Accounting : One or More is Correct
Automatic posting of asset transactions from a depreciation area to the General
Ledger. **
Posting Depreciation. **

119. If you do not want the numbers defined as year dependent, then enter a future year
under year (such as 9999).
True **
False

120. It is possible for the planned depreciation to be displayed through assigning depreciation
terms and a planned start up date to the order or project.
True **
False

121. The following Cost Accounting objects can be assigned to an asset: One or More is Correct
Valid activity type **
Valid cost elements **
Created valid cost centers **


122. The default rule can be defined in a customer specific program exit.
True **
False

123. Though test run, you can check for any possible errors such as locked cost centers.
True **
False

124. Those depreciation areas for which financial statement are to be created are maintained
through SAP Easy Access for Asset Accounting where you enter the Financial statement
versions.
True
False **

125. A rule is nothing more than a prerequisite or check of a validation
True **
False

126. When you capitalise AUC you transfer values to one or more completed assets. This transfer
is either done in a lump sum or with line item settlement.
True **
False

127. The maintenance levels in the system are: One or More is correct
Main number **
Sub number **
Asset class number **

128. Choose the correct answer: One or More is Correct
You cannot define validation rules using Boolean Logic.
You can also force the user to correct the error before processing can continue. **
You cannot define the result of non-compliance with substitution rule. **

129. If the substitution step prerequisite is true at runtime (using field to field assignment), the
system substitutes the contents of the field with the contents of the source field.
True **
False

130. You need only one account determination key to post asset values of all classes to different
accounts in the different charts of accounts.
True **
False


131. The area of menus can be displayed but not changed in area menu maintenance.
True
False **

132. The mass change process includes three functions: One or More is correct.
Releasing the work list (=execution of the mass change). **
Checking the work list and making any corrections. **
Selecting the assets, and generating the approximate work list. **

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SAP FI ASSET ACCOUNTING

Collection of SAP FI Certification Qs with As pertaining to

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