sap fi tfin52_asset accounting 1 to 12 topics competitive q's with a's

SAP FINANCIALS

SAP TFIN52_FI-AA COMPETITIVE Qs WITH As By

Pramila Nagaraj

SAP Certified Candidate @ Source One Management Services Pvt. Ltd Bangalore

2015 Copy Rights Source One Management Services Pvt. Ltd Bangalore

5/1/2015 Pramila

SAP FI - TFIN52_Asset Accounting


SAP FI- TFIN52 ASSET ACCOUNTING Competitive Qs with As

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



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



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



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

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

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

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

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 FSVs in Asset reports we have to select correct sort variant

True

False

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

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

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

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



SAP TFIN52 Asset Master Data Competitive Qs and As

1. Options for creating asset master data (one is incorrect)

A. Copy from external system

B. Copy by reference

C. Enter Company Code and Asset Class

2. When we create asset master record we get

A. Asset number

B. Asset main number

C. Asset sub number

3. We cannot create multiple similar assets when creating asset master record

True

False

4. While creating similar asset, following entries need to be defined

A. Asset class

B. Description of asset

C. Inventory number

D. Business area

E. Profit center

F. Cost center

G. Evaluation group

5. Time dependent data assignment is significant for assignment of controlling object of an

asset.

True

False

6. Time dependent assignment of assets cannot be edited

True

False

7. Each time we change an asset master record system creates

A. Change document

B. Change order

C. Change list

D. Change field



8. Asset master record change document contains

A. List of change fields

B. Number of changes

C. Company code in which changes made

D. Name of the user

E. Old and new contents

9. Several pieces of equipment can be assigned to an asset

True

False

10. We can create / change equipment and assets by integration between

A. FI-AA & AP

B. FI-AA & MM

C. FI-AA & PM

D. FI-AA & SD

11. A piece of equipment can belong to any number of assets

True

False

12. Default values in the depreciation data section of an asset master record comes from

A. Company code

B. Chart of accounts

C. Chart of depreciation

D. Asset class

E. Depreciation area

13. An Asset master record can have only one depreciation data section

True

False



14. Components of depreciation area section of an asset master record

A. Master data

B. Depreciation key

C. Useful life

D. Ordinary depreciation start

E. Changeover year

F. Index

G. Variable depreciation amount

H. Scrap value

15. Choose the incorrect one

A. Many components of a asset can be given a separate asset sub number

B. Sub number are internal number assignment

C. We cannot manage subsequent acquisitions in following years subsequently

if we use asset sub numbers

D. Using screen layout in asset class, we can specify maintenance level at the sub

number level

E. Sub numbers are used for accounting reasons and technical reasons

16. Important means of structuring fixed assets is

A. Asset class

B. Chart of depreciation

C. Depreciation area

D. Company code

17. We can define _________ number of asset class into the system

A. 1

B. 2

C. 6

D. N

18. Field character of asset master record is set in

A. Asset class

B. Asset explorer


D. Depreciation area

E. Account determination key



19. Assignment of asset number is controlled by

A. Asset explorer

B. Asset class



20. When we create asset master record, data is adopted from asset class

True

False

21. ______ is the link between asset master record and general ledger accounts and the link

is created by ___________of the ________.

Answer: Asset Class, Account Determination Key, Asset Class

Asset Class is the link between asset master record and general ledger accounts and the

link is created by Account Determination Key of the Asset Class.

22. When we post account assignment to an asset, system determines the G/L account

based on

A. Chart of account

B. Company code

C. Depreciation area

D. Account determination key

23. If we use different company codes with different operational chart of account, options

available for posting values in g/l accounts

A. Use different account determination key

B. Use same account determination key

24. If we have several similar asset class, options to transfer values into g/l account

A. Use different account determination key

B. Use same account determination key

25. With account determination key, we define all necessary ____________ for all asset

transactions.

Answer: General Ledger Accounting



26. We specify necessary g/l accounts for

A. Acquisition

B. Retirement

C. Balance sheet revaluation

D. Cost amounts to be capitalized

27. We specify following additional accounts for those depreciation areas that post values to

the general ledger

A. Ordinary depreciation

B. Unplanned depreciation

C. Depreciation revaluation

D. Interest account for cost accounting

28. Number range controls the number assignment of the asset master record

True

False

29. Number assignment is either external or internal

True

False

30. Number ranges of asset master record is assigned to each company code

True

False

31. _________determines which input fields in the asset master records can be processed

or suppressed

A. Field selection

B. Maintenance level

C. Screen layout

D. Field status group

32. For each field group of an asset master record we can specify two maintenance level

True

False



33. _______determines asset classification level at which field group can be maintained

screen layout

A. Maintenance level

B. Field status group

C. Asset class

34. Maintenance level permitted is

A. Asset class

B. Main asset number

C. Sub asset number

D. Sub number

E. Main sub number

F. Sub asset class

35. We can create an asset as a reference to another asset

True

False

36. _________indicator controls which field can be copied to an asset when it is created by

reference to another asset.

Answer: Reference

37. Account assignment objects are fields of asset master record

True

False

38. We have to activate account assignment object before it can be maintained in asset

master record

True

False

39. We can post depreciation to account assignment objects like

A. Cost center

B. Internal order

C. Activity type

D. WBS element

E. Maintenance order

F. Real estate object

G. PSM object



40. Tab pages are used to display asset master record

True

False

41. We can specify a layout for the master data of each asset class. Lay out defines

A. Number of tab pages

B. Names of tab pages

C. Logical field groups

42. In each asset class, we enter one screen layout for all the depreciation area.

True

False

Screen Layout for each Depreciation Area

43. SAP supplies standard screen layout rules for depreciation area

A. 1000/2000

B. 1000/3000

C. 2000/3000

D. 1000/3000

44. Screen layout controls

A. Field selection

B. Maintenance level

C. Reference

45. Option for maintenance level for each depreciation area

A. Asset class

B. Main asset number

C. Asset sub number

46. Effect of maintenance level of main asset number is adopted by sub number

A. All asset sub number adopt values from the main number

B. Asset sub number receive own depreciation values.



47. Asset sub number receive own values in case of maintenance level is set in

A. Asset class

B. Asset main number

C. Asset sub number

48. Copy by reference to asset class is triggered from the master data section of the asset

class

True

False

49. When a new asset class is created by reference only master data is copied

True

False

Depreciation data section is also copied

50. In asset master record, following fields are available as standard structure of fixed

assets and selection criteria for reporting

A. Evaluation group

B. Environmental protection indicator

C. Reason for investment

D. Asset super number

51. Default values stored in the asset class during customizing are

A. Insurance values

B. Net worth valuation

C. Depreciation key

D. Useful life

E. Index series

52. AUC requires a separate ______and corresponding ___________

A. Asset class, G/L accounts

B. Master record, depreciation terms

C. Status, terms



53. Standard depreciation key _____ ensures depreciation is not calculated for AUC

A. 0000

B. 1111

C. 2222

D. 2000

E. 1000

54. Following are possible for AUC

A. Special tax depreciation

B. Investment support

C. Down payment

55. We cannot post credit memos AUC

True

False

56. We can post credit memos to AUC after capitalization, if __________values is permitted

in the depreciation data section.

Answer: Negative

57. Account determination of an asset is applicable to AUC

True

False

Separate Account Determination

58. Separate asset class for individual and collective LVA

True

False

59. Unit of measurement is specified if LVA is managed

A. Individually

B. Collectively



60. We set _______amount for each ________ for LVA when defining depreciation area

A. Maximum, Company code

B. Minimum, Asset class

C. Maximum, Asset class

D. Minimum, Company code

61. We can create an asset by entering _________ and ______or by referencing an

existing_______

A. Company code, Asset Class, Asset

B. Depreciation area, Asset Class, Asset

C. Company code, Asset number, Asset

D. Company code, Asset Class, Asset number

62. We can create multiple similar asset by using ___________field

A. multiple similar asset

B. similar multiple asset

C. reference similar asset

D. number of similar asset

63. Asset master record is the same for the entire multiple similar asset

True

False

64. Separate entries for multiple similar asset are

A. Description and asset number

B. Business area

C. Cost center

D. Evaluation group

E. Plant

F. Manufacturer

G. Internal order

H. Insurance type

65. Example of time dependent data info in the asset master record

A. Shift operations

B. Asset shutdown

C. Asset breakdown

D. Continuous operations



66. Number of changes and new values after changes made to the asset master record is

displayed in the change document

True

False

67. Default values in the depreciation data section comes from

A. Chart of depreciation

B. Asset class

C. Acquisition posting

D. Cost- accounting depreciation area

68. In Asset and Equipment Master Records: one or more is correct

A. The equipment master record, however, is not actually created until you

save

B. 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.

C. 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 example, company code, cost

center).

69. What are the depreciation terms that are mainly used as additional parameters in the

cost-accounting depreciation area

A. Depreciation key

B. Useful life

C. Index

D. Variable depreciation

E. Scrap value

70. If fixed asset is made up of singe component we can manage the asset as separate sub

number

True

False

Multiple Components



71. Asset sub numbers are external assignment only

True

False

72. We can switch from external to internal numbering and vice versa in case of asset sub

number

True

False

73. We use asset sub number if values are to be shown separately in the following years

subsequent to acquisition

True

False



SAP TFIN52 Asset Transfer Competitive Qs with As

1. Transfer within company code is Intercompany transfer

True

False

2. Transaction between company codes is intra company transfer

True

False

3. Transfer variant 4 is the standard used for intra company transfer

True

False

4. Asset posted in wrong asset class can be changed via intra company transfer

True

False

5. Intercompany transfer is used for asset which was physically changed

True

False

6. We cannot split up an asset

True

False

7. We can only transfer asset but we cannot create asset within inter/intra company

transaction

True

False

8. Transfer variant determines document type for intra company transactions

True

False

Transaction Type



9. AUC settlement is possible via intra company transfers

True

False

10. Relationship type 02 is when transfer is within same company code

True

False

Between the Company Code assigned to same Company ID

11. Relationship type 01 is when transfer is between 2 different company codes with

different company id

True

False

12. Transfer method is used to control how values are transferred from one company to

another

True

False

13. A transfer variant is assigned to one transfer method

True

False

14. When asset is transferred with net book value it is gross method

True

False

15. When asset is transferred with historical cost of asset it is net method

True

False

16. When manual value is entered for transfer of asset it is new value method

True

False



17. We can use automatic intercompany procedure to enter acquisition and retirement of

asset

True

False

18. For relationship type 02 net and new methods cannot be used

True

False

19. In relationship type 02, asset transferred from Source Company cannot be termed as

retirement

True

False

20. In relationship type 02, asset transferred from Source Company can be termed as

retirement

True

False

21. Cross company depreciation area is defined if company codes where transfer takes place

use same chart of depreciation

True

False

22. AUC has

A. Construction Phase

B. Useful Life Phase

23. When we transfer AUC to complete asset it is called__________ of asset.

Ans. Capitalization

24. AUC can be managed as an asset master record with line item management

True

False



25. AUC can be transferred to only one complete asset

True

False

26. When AUC is settled all line item is settled at once

True

False

27. When AUC is settled 100%of each line item is settled at once

True

False

28. Assigning a settlement profile is the first process in settlement of AUC

True

False

29. When AUC we settled we define distribution rules for line items

True

False

30. We carry out ______ asset transfer when an asset is sold to another company code.

Answer: Inter Company

31. Intercompany asset transfer possible when

A. Physically change location

B. Asset is sold

C. Transfer to another company code

D. Asset entered in wrong asset class

E. Asset is split-up

32. When both company belong to the same company ID such transfer is termed as

relationship type__

A. 01

B. 02

C. 03

D. 04

E. None of the above



33. When both company belong to different company id such transfer is termed as

relationship type ____

A. 02

B. 04

C. 06

D. 01

34. CCB100 AND CCA100 are Company code within Company ID M100

CCX100 and CCY100 are company code within Company ID N100

Transfer between the following are

CCX100 and CCB100 is Type

CCB100 and CCA100 is Type

CCY100 and CCA100 is Type 01

CCB100 and CCY100 is Type 02

CCB100 and CCX100 is Type

CCY100 and CCX100 is Type

Answer:

CCX100 and CCB100 is Type

CCB100 and CCA100 is Type

CCY100 and CCA100 is Type 01

CCB100 and CCY100 is Type 02

CCB100 and CCX100 is Type

CCY100 and CCX100 is Type

35. System controls valuation of transferred asset using ______.

Answer: Transfer Variant



36. We can enter one of the following methods in transfer variant for transfer of asset

A. Gross method

B. Net method

C. Historical method

D. Net book value method

E. New method

F. Manual method

37. SAP assumption is that Intercompany transfer relationship type 02 is as equal as

________ transfer.

Answer: Intra Company

38. Mostly ________ type method of transfer is used for intra company transfers.

A. Gross

B. Net

C. Manual

39. Retirement without revenue occurs when we use _______ method for type__

A. Net, 01

B. Gross, 01

C. Net, 02

D. Gross, 02

40. In type 02 asset transfers between two company codes is termed as retirement and

acquisition

True

False

Only Transfer

41. We can define our own transfer variant

True

False

42. Asset without revenue is transferred in _____method

A. Gross

B. Net

C. Manual



43. Pick Out the true statements

A. Cross company code depreciation area do not have own parameter

B. Cross company code depreciation area is a key which is uniform throughout

the client

C. Cross company code depreciation area is not defined in system it only

makes a generic entry for the cross company areas

D. We do not have to define cross company depreciation area for all the deprecation

area which have same depreciation keys

E. Cross company depreciation area is defined if company codes where transfer takes

place use same chart of depreciation

44. Procedure in settlement of AUC

A. Assign a settlement profile

B. Select item in same proportion to the same receiver

C. Define distribution rules

D. Post line items to receiver using distribution rules


A. Unplanned depreciation is allowed for book depreciation

B. Unplanned depreciation is not allowed for tax depreciation



SAP TFIN52 - Asset Depreciation Competitive Qs with As

1. Unplanned depreciation can be done manually

True

False

2. Relevant document type recognizes manual depreciation

True

False

3. In manual depreciation documents are not posted to FI until depreciation program is run

True

False

4. Periodic processing comprises tasks performed on periodic interval

True

False

5. Depreciation area is Two-character numeric key

True

False

6. It is mandatory to post depreciation to relevant GL account

True

False

7. Depreciation and its basis

Ordinary Tax Purpose

Special Depletion in Value of Asset

Unplanned Wear and Tear

Unit of Measurement Usage of Asset



Solution:

Ordinary Tax Purpose

Special Depletion in Value of Asset

Unplanned Wear and Tear

Unit of Measurement Usage of Asset

8. Calculation method are assigned to depreciation key

True

False

9. One calculation method can be used in more than one depreciation key

True

False

10. Country specific requirements are represented by methods specific to a particular chart

of accounts

True

False

11. We can enter depreciation key a default value for a company code or depreciation area

True

False

12. Calculation of depreciation is controlled by depreciation key and calculation method

True

False

13. Depreciation key is found in depreciation area of the asset master record

True

False



14. Annual depreciation is calculated using depreciation key and useful life of the asset

True

False

15. Asset explorer displays value and depreciation for only one depreciation area

True

False

16. Changes in depreciation keys leads to correction of depreciation amounts posted

True

False

Execute Recalculation of Depreciation T. Code: ASO2

17. Detail list of calculation method can be called in from

A. Asset explorer

B. Asset master record

C. T Code AFAMA


18. Changes of depreciation terms during a fiscal year not possible

True

False

19. Transaction based depreciation and period based depreciation derives different values of

depreciation.

True

False

20. Period based calculation leads to time dependent depreciation parameter

True

False



21. Time dependent depreciation parameter can be set to one depreciation area only

True

False

22. Time dependent changes in useful life does affect previous year value also

True

False

23. Parameter that can be changed on a time dependent basis

A. Absolute and % scrap value

B. Useful life

C. Variable Depreciation


24. Time dependent parameter can be implemented even if other system dependencies are

affected

True

False

25. Zero depreciation is possible

True

False

26. With indexing acquisition value we can calculate replacement value

True

False

27. Depreciation can be calculated even after useful life is exhausted

True

False

28. Interest and zero depreciation can be defined in asset master record

True

False



29. Interest is calculated per depreciation area along with depreciation and valuation type

True

False

30. Interest calculation is controlled by depreciation area

True

False

31. Interest can be calculated only up to useful life of the asset is exhausted

True

False

32. Interest can be calculated for an unlimited period

True

False

33. If interest is based on replacement value indexed interest is used

True

False

34. Asset accounting enables replacement value of asset usage.

True

False

35. Replacement value of asset is used where rate of inflation is high

True

False

36. For determining replacement value, system offers indexed replacement values

True

False

37. We can use default index series for calculating replacement value of asset

True

False



38. Index figures should be specified for each index series for each fiscal year

True

False

39. Index series are assigned to the asset or asset class and index class

True

False

40. Only year dependent index class is used

True

False

41. System posts depreciation directly to GL account

True

False

42. Depreciation run posts only ordinary depreciation

True

False

43. Depreciation run creates controlling documents

True

False

44. Test run checks for errors and displays in error list

True

False

45. Additional account assignment objects are not posted during depreciation run

True

False



46. Possible errors in depreciation run log.

A. Incorrect account assignment object

B. Account assignment type is missing

C. Account for posting depreciation missing

D. Posting period incorrect

E. Setting for posting cycle missing

F. Parameter not specified

47. Once fiscal year is changed, we cannot post values in previous year.

True

False

48. We can carry out fiscal year change in any posting period of the previous fiscal year

True

False

Last posting period of the previous fiscal year

49. We can carry out fiscal year change in any posting period of the current fiscal year

True

False

50. We can have maximum of two fiscal year in order making posting.

True

False

51. We can post in new fiscal year even if fiscal year is not changed

True

False

52. We can post in old fiscal year even if fiscal year is changed

True

False

53. We have to run fiscal year program for whole company code

True

False



54. If there are any changes in depreciation values we must run depreciation program again

True

False

55. Year end program checks asset and depreciation balances

True

False

56. Year end program do not check whether asset contains errors

True

False

57. Periodic processing is possible in following functions

A. Depreciation and value posting

B. Planned depreciation and interest for primary costs

C. Investment support claim

D. Inflation management

58. Assets eligible for investment support are marked in the asset master records with an

investment support key

True

False

59. Depreciation below zero is also possible

True

False

60. We can manage and monitor periodic processing in asset accounting using schedule

manager

True

False

61. Using schedule manager we can view the current status of closing process

True

False



62. We define per depreciation area how to post asset ____values and _____values and into

G/L account

A. Balance sheet, depreciation

B. Cost, Depreciation


A. We can define depreciation areas for reporting purpose only

B. We can calculate different values in a depreciation area for a specific

purpose

C. We can define per depreciation area which values have to be managed

D. We define for each depreciation area how posting values and depreciation

terms should or can be transferred to other areas

64. Specifications and parameters that the system required to calculate depreciation

amounts are entered in _______.

Answer: Calculation Method

65. Individual calculation methods are

A. Base method

B. Declining balance method

C. Maximum amount method

D. Multi level method

E. Straight line method

F. Period control method

66. After release 4, calculation methods replace the internal calculation key of a depreciation

key

True

False

67. Advantages of calculation method

A. Country specific requirement

B. Avoid multiple calculation key

C. Enter default depreciation area




A. Depreciation terms are stored in asset master record

B. System determines depreciation start date using asset value date and

period control method

C. From the asset explorer we can display the calculation of depreciation

values

D. Changes in depreciation keys do not lead to correction of depreciation

amounts posted

E. We have to execute recalculation of depreciation program to correct

depreciation amounts already posted

69. If there is no transaction on the asset within a fiscal year ,depreciation calculation has

A. Same reference value

B. Exactly one period interval

C. Changed reference value

D. Additional period intervals

70. If there is transaction on the asset within a fiscal year, depreciation calculation has

A. Same reference value

B. Changed reference value

C. Additional period intervals

D. Exactly one period interval

71. Pick the wrong one(s)

A. Setting for zero depreciation and interest calculation is defined in depreciation area

B. We use index series for calculating replacement value

C. System continue depreciation even after end of life of the asset is not

possible

D. Depreciation is calculated even after book value is zero

E. Life of asset is not extended after end of planned life

72. Interest is posted for the company code and corresponding depreciation area

True

False

73. If index figure for index series is not specified for a fiscal year

A. Replacement value is not calculated

B. Simulated annual rate is used



74. System posts interest during yearly depreciation posting run

True

False

Periodic

75. Additional account assignment like cost center can be made for posting interest

True

False

76. According to Replacement Values: Index series pick the wrong one(s)

A. An indexed revaluation can also be calculated for accumulated depreciation and

imputed interest

B. Only year in-dependent index classes are used

C. The index series must be assigned to an index class

D. You enter the index series in the asset or in the asset class

E. You should specify index figures for the index series, for each fiscal year

77. Program for depreciation run is_____

A. RAPOST2000

B. RAPOST2001

C. RAPOTA2000

78. Depreciation run posts

A. Ordinary depreciation

B. Tax depreciation

C. Unplanned depreciation

D. Imputed interest

E. Revaluation of APC

79. Following setting required for posting depreciation

A. Configure depreciation area and specify intervals and posting rules

B. Specify G/L and document type for posting

C. Activate account assignment objects and type

80. Fiscal year change program opens new annual value fields for each asset

True

False



81. 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

82. Preparation for year-end closing

A. If you change any depreciation values, you must run depreciation posting

again

B. Once depreciation has been posted in FI-AA and Fl, a balance sheet and

profit and loss statement can be created

C. If an area posts APC values to the general ledger periodically, you will need

to run report RAPERPOO for periodic posting

D. After the depreciation lists and asset history sheet have been checked,

depreciation is posted

E. If the final result is not satisfactory, you can carry out depreciation

simulation or (bulk) changes, or make adjustment postings

83. If the depreciation run program does not find any errors,

A. It updates the last closed fiscal year

B. It locks all closed fiscal years against postings from the asset area



SAP TFIN52 Asset Acquisition and Retirement Competitive Qs with As

1. Every transaction in the asset account has direct effect on corresponding account of GL

account

True

False

2. Acquisition posting can be created in the department responsible for business

transaction

True

False

3. Asset acquisition from a business partner is external acquisition

True

False

4. Alternative acquisition of asset is settlement of cost object to a fixed asset

True

False

5. External acquisition is the only way an asset can be capitalized.

True

False

6. Asset acquisition cannot take place in logistics department of the enterprises

True

False

7. Asset transaction can be integrated or non integrated with accounts payable

True

False

8. Asset can be purchased without a reference to a purchase order

True

False



9. Asset cannot be purchased without an invoice

True

False

10. All asset purchase posting should be from FI - AA only

True

False

11. When posting an asset document type must be entered

True

False

Transaction Type must be entered

12. GL account are automatically updated when we post an asset

True

False

13. When we post an asset in AP, both requirement of FI AND AA are satisfied

True

False

14. Procedure for in- house asset capitalization

A. Transfer to final asset

B. Settle the asset to AUC

C. Capitalize production cost to investment measure

15. In asset explorer, depreciation area are displayed in an overview tree

True

False

16. In asset explorer we can view current year values only

True

False



17. Asset explorer header consists of company code, asset number, sub number ,fiscal year

True

False

18. In asset explorer, we can view only single depreciation area value only

True

False

19. Data of asset capitalization is derived from posting date

True

False

20. Data of asset capitalization is derived from asset value date

True

False

21. Date of initial acquisition is derived from posting date

True

False

22. Date of initial acquisition is derived from asset value date

True

False

23. Acquisition year and period derived from posting date

True

False

24. System determines start date of depreciation using asset value date corrected by period

control of depreciation key

True

False



25. System stores depreciation start date in master data section of the asset master record

True

False

26. Posting date and asset value date not necessarily be in the same fiscal year

True

False

27. Posting date is the actual date asset is updated

True

False

28. Document type is in client level but document number range is in company code level

True

False

29. Gross and Net document type refers to tax accounting of asset acquisition.

True

False

30. Transaction type determines whether to post gross or net type

True

False

Document Type

31. Capitalization of asset without cash discount is net document type

True

False

32. Capitalization of asset with cash discount is net document type

True

False



33. Capitalization of asset with cash discount is gross document type

True

False

34. Standard document type for gross type is AN AND KN

True

False

35. Standard document type for net type is AN AND KN

True

False

36. Standard document type for gross type is AA AND KR

True

False

37. Standard document type for net type is AA AND KR

True

False

38. We can use both net and gross document type method of capitalization of asset

True

False

39. Document type identify purchase, transfer, retirement of an asset

True

False

40. Transaction type indicate debit or credit indicator

True

False

41. We can limit transaction type to specific depreciation area

True

False



42. Transaction type cannot be edited

True

False

43. Transaction type can be copied

True

False

44. Transaction type is assigned to transaction type group

True

False

45. In non integrated asset acquisition posting is done through clearing account

True

False

46. Clearing account need not be on open item basis

True

False

47. Clearing account can be done manually only

True

False

48. Clearing can be done through automatic payment program

True

False

49. Clearing can be done through clearing offsetting entry.

True

False



50. Scenario for non- integrated asset acquisition

A. Asset arrived before invoice

B. Invoice arrived before asset

C. Asset Arrived along with invoice

D. Invoice arrived along with asset.

51. Material Management - Asset acquisition general work flow 1 2 3 4.

1 Purchase Requisition

2 Goods Receipt

3 Invoice Receipt

4 Creation of Asset

Purchase Order

Solution:

1 Purchase Requisition 1

2 Goods Receipt 3

3 Invoice Receipt 3

4 Creation of Asset 4

Purchase Order 2

52. We cannot create asset master record at the time of purchase order

True

False

53. We can create asset and purchase order at the same time

True

False

54. Valuated goods receipt is when asset is activated as soon as asset is received.

True

False

55. Non- valuated goods receipt is where asset is activated only after receipt of invoice

True

False



56. Adjustment posting is required for non-valuated goods receipt

True

False

57. Adjustment posting is not required for valuated goods receipt

True

False

58. System uses goods receipt date as capitalization date

True

False

59. Complete or Partial Retirement possible

True

False

60. Retirement with revenue with customer known as Integrated

True

False

61. Retirement with revenue without customer-non integrated

True

False

62. Retirement with or without revenue- scrap sales

True

False

63. Mass retirement with work list possible

True

False

64. Retirement of several assets by manual entry not possible

True

False



65. Mass retirement can be with or without revenue possible

True

False

66. Acquisition year and period derived from asset value date

True

False

67. Integration of accounting and logistics function is important for asset accounting

True

False

68. Invoice posted in FI-AA, No reference to purchase order. What posting can be made

A. Integrated posting

B. Non-Integrated posting

69. Invoice posted in FI-AP, No reference to purchase order, What posting is possible

A. Non-integrated posting

B. Integrated posting

70. No invoice and No reference to Purchase order what posting is possible


B. Non- Integrated posting

71. Automatic offsetting entry is possible in


B. Non-integrated posting

72. Asset acquisition in following ways

A. External acquisition

B. In house capitalization

73. External acquisition in FI-AA in following ways

A. Integration with accounts payable

B. With reference to purchase order

C. Without reference to purchase order

D. Without integration with accounts payable

E. With invoice

F. Without invoice



74. Modules in which external acquisition can be made

A. FI-AA

B. FI-AP

C. SAP-MM

D. SAP-PM

E. SAP-CO

75. In integrated posting asset and vendor can be posted in two separate documents for

clarity purpose

True

False

76. __________type identifies the different transactions in asset history sheet.

Transaction

77. When an asset or a vendor is posted __________gets updated automatically.

General Ledger Accounts

78. You can display planned and book values but cannot display transactions directly in print

preview format of the asset explorer

True

False

79. We can view depreciation values but cannot recalculate depreciation functions in asset

explorer

True

False

80. FUNCTIONS OF ASSET EXPLORER

A. Transparent depreciation calculation

B. Detailed display of depreciation key

C. Switch to FI document instantly

D. Display values over several years in several depreciation area

E. Convert currency amounts

F. Print and export functions simulation



81. Asset acquisition data is automatically set in ______at the time of first acquisition

posting

A. Asset master record

B. Depreciation area

C. Asset explorer

D. Asset history sheet

82. Asset value date is the actual date asset is updated

True

False

83. Information set in asset master record at the time of first acquisition posting

A. Date of asset capitalization

B. Date of initial acquisition

C. Acquisition year and period

84. System determines start date of depreciation using

A. Value date of acquisition posting

B. Date of asset capitalization

C. Acquisition year and period

D. Depreciation key

85. __________method maintained in ________ is used to determine start date of

A. Period control method, depreciation key

B. Depreciation method, depreciation area

C. Period control method, depreciation area

D. Depreciation method, depreciation key

86. System stores the depreciation start date in the __________of the asset master record.

Depreciation Area

87. System stores the depreciation start date in the master data section of the asset master

record

True

False

88. When we post acquisition integrated with FI-AP the system automatically enters the

vendor in ______field of the asset master record.

Origin Data



89. If it is not possible to define FI document as year dependent, we can enter a future year

as

A. 111

B. 99

C. 999

D. 0000

E. 9999

90. Choose

Discount Deduction at the time of Payment

Net document type Discount Clearing Account

Discount Deduction at the time of Invoice Posting

Gross document type P&L Adjustment Account

Integrated Receipt

Solution:

Net document type Discount Clearing Account

Discount Deduction at the time of Invoice Posting

Gross document type Discount Deduction at the time of Payment

P&L Adjustment Account

Integrated Receipt

91. Gross document types are __ AND __, Net document type ___and ___

A. AA, KR & AN, KN

B. AN, KN & AA, KR

C. AK, AR & AK, KR

D. AK, KR & AK, AR



92. Choose

Gross document type Capitalization of Asset and Deduction of Cash Discount

Net document type Capitalization of Asset without Cash Discount Deduction

Solution:

Gross document type - Capitalization of Asset without Cash Discount Deduction

Net document type - Capitalization of Asset and Deduction of Cash Discount

93. Non integrated posting denotes asset acquisition without posting directly in accounts

payable module

True

False

94. In case of automatic offsetting posting we can perform the following

A. Create new asset record when posting

B. Post several existing asset master records in one step

95. When goods receive before invoice it is

A. Valuated good receipt

B. Non-valuated good receipt

96. Asset capitalization happens when invoice we receive and it is

A. Valuated goods receipt

B. Non-valuated good receipt

97. Parameters for integrated asset retirement

A. Asset number

B. Retirement transaction type

C. Asset value date

D. Partial or complete retirement indicator

98. System determines following during complete retirement with revenue

A. Asset value date

B. Gain/loss

C. Balance sheet

D. Value adjustment

99. Values of the accounts for revenue from asset sales and clearing asset retirement can be

shown in _______to the financial statement.

Notes



100. System determines period of asset retirement based on

A. Asset value date

B. Asset posting date

C. Asset Capitalization date

101. System calculates how long depreciation is posted to an asset using _______

method of _________.

Period Control and Depreciation Key

102. Gain or Loss results for sale of asset is arrived from the balance of

A. Amount of asset retirement

B. Amount of value adjustment

C. Sale price received

103. Procedure for mass retirement using work list

A. Create a list of asset to be retired

B. Create a work list

C. Indicate whether with or without revenue

D. Enter revenue distribution

E. Process and edit and release work list

104. Retirement can be with :

Revenue with customer Work List

Revenue without customer Integrated

Without revenue Complete or Partial

Mass retirement Non Integrated

Several Asset Retirement Scrap

Manual

Solution:

Revenue with customer Work List

Revenue without customer Integrated

Without revenue Complete or Partial

Mass retirement Non Integrated

Several Asset Retirement Scrap

Manual



Complete or Partial is applicable only to Revenue With or Without Customer and Without

Revenue Option

105. Retirement by work list and manual retirement of several assets

A. Complete Retirement

B. Can be Complete/Partial

C. Partial Only

106. System determines start date of depreciation using asset value date corrected by

period control of depreciation key

True

False



SAP TFIN52 Reporting in Financials Competitive Qs with As

1. Where are the reports located?

A. Information system of each area

B. General report selection

C. Role based user menu

D. System services reporting

2. In dynamic selection, we have various selection options

True

False

3. Account payable info system provides following reports

A. Vendor balance

B. Vendor items

C. Master data

D. Payment transactions

4. When we use selections and output control, we restrict the data displayed in the list

True

False

5. We can view single values and range in a report

True

False

6. We can summarize data using summarization levels

True

False

7. We can summarize data by company code or business area

True

False

8. In reports view, we cannot show GL total for all company codes for each local currency

True

False



9. G/L account balance list displays selected figures by reporting period

True

False

10. One report contain one variant only

True

False

11. We can define multiple variant for one report

True

False

12. Report variant is based on selection criteria

True

False

13. Each report variant provides same information based on different criteria

True

False

14. Each variant has a variant name and description

True

False

15. Variant is permitted only for background processing

True

False

16. We can change a report variant

True

False

17. We cannot hide an entry field in a report variant

True

False



18. Type of selection variables are

A. Table variable

B. Dynamic data calculation

C. Attribute selection

19. List viewer is a tool that created list from predefined data

True

False

20. We can use list viewer to display simple and hierarchical sequence list

True

False

21. LW contains interactive functions like sorting, summation and filters

True

False

22. We cannot change layout of list without selection data

True

False

23. We can save the changed list layout in variants

True

False

24. Selection details Match Out the options

Detailed information of item Eyeglass Icon

Display individual line item Error Logs

Select an item Refresh List

Changes in line item list Left Side of Line item list

Correction in list Pencil Icon



Solution:


Display individual line item Error Logs

Select an item Refresh List

Changes in line item list Left Side of Line item list

Correction in list Pencil Icon


Display individual line item Pencil Icon

Select an item Left Side of Line item list

Changes in line item list Refresh List

Correction in list Error Logs

25. Generic function of sap list viewer

A. Summations

B. Select columns

C. Filters

D. Sort

E. Selections

26. We can create totals and subtotals for specific values

True

False

27. We cannot created our own display variant

True

False

28. We can perform following tasks for list viewer variants

A. Select fields available in the column set for list viewer

B. Hide fields not required

C. Sort fields in the column set

D. Add special fields to the column set



29. ALV Classic list has no specific settings

True

False

30. Using parameter ID we can set default values in fields which are constants

True

False

31. We can use specific selection criteria to choose line items that we want to evaluate.

True

False

32. User cannot restrict the data displayed on the line item list screen.

True

False

33. We can choose list output from layout and maximum number of items

True

False

34. We cannot exclude an account from a selection of accounts

True

False

35. We can activate or deactivate input fields for work list on selection screen

True

False

36. We can select specific line items in specific company code

True

False



37. Input help of customer account contains

A. General customer data

B. Customer Country/Company Code

C. Customer with rental agreement

D. Head office account

E. Customer by reference (sales group/plant)

38. Input help of vendor account line item list contains

A. General vendor data

B. Vendor company code/country

C. Vendor number

D. Vendor by reference (purchase/plant/materials etc)

39. Input help for g/l account line item list contains

A. GL account number in COA

B. GL account name

C. GL account deletion and block indicators

D. Keywords

E. Alternative Account Number

40. If dates not specified for open item selection all items displayed.

True

False

41. Items open and were open at a specific time is displayed if

A. Current date is specified

B. Posting data is specified

42. Items cleared on specified date and items open on __________date

A. Posting

B. Key

43. All items- both open and clearing items as on __________date

A. posting

B. key

44. We can set up head office and branch office account to differentiate flow of goods and

money

True

False



45. If Head Office and Branch is not indicated items are managed at Head Office fields

automatically applied

True

False

46. We cannot choose whether branch can display items managed at head office

True

False

47. Settings displayed as net due date

A. Open items

B. Cleared items

C. Noted items

48. Specific items displayed in a report. Which one is incorrect

A. Standard items

B. Open items

C. Noted items

D. Parked items

E. Special GL items

F. Customer vendor items

49. Icon for item status and due date is displayed in the header of ALV classic list

True

False

50. If key date is specified items posted after key date is not displayed

True

False

51. System fills assignment filed according to the sort fields in master record

True

False

52. Sort fields are defined at company code level

True

False



53. Assignment key is maximum of 18 characters

True

False

54. Assignment key is combination of document number +posting date + company code

True

False

No Company Code is used

55. When we display a list we can choose between different layouts

True

False

56. SAP provides standard layouts for a display of list

True

False

57. Standard layout does not apply to all users

True

False

58. Standard layouts can be set as default layout

True

False

59. We cannot select layout for line item display

True

False

60. We can default input field for each document type

True

False



61. User specific layout has priority over general initial layout

True

False

62. No default setting is made by the user for screen layout the system uses ALV initial

layout

True

False

63. We can default ALV initial layout in display variant management

True

False

64. If not default found in display variant management the system used 1SAP layout.

True

False

65. What are the necessary elements required to create a customer-specific drilldown report

for New General Ledger Accounting

A. Variables

B. A report header

C. Characteristics

D. A form

66. Which of the following are interactive functions available in the SAP List Viewer

A. Master data modification

B. Dual control

C. Summation

D. Sorting

E. Filters

67. Most reports/program contains followings features of a report/program

A. Functionality

B. Parameters

C. Output

D. Form

E. Character

F. Key figure



68. If we use search help, we can receive complex selection options that is used for different

report

True

False

69. Examples of dynamic selections for a report are

A. Industry

B. Account group

C. Country

D. City

70. We can create a current or historical customer list that is sorted by customer sales to do

this we need to choose

A. Additional selections menu

B. Dynamic selection menu

C. Sort variant

D. Structured list view

71. While entering an output, we can use single or ranges by selecting and or excluding

single value and ranges

True

False

72. G/L account balance list contains the following

A. Carry forward balance at the start of fiscal year

B. Debit total for the reporting period

C. Credit total for the reporting period

D. Balances at the end of reporting period

73. _______ enables us to execute report repeatedly with different selection criteria.

Answer: Variant

74. A report can have different _________, each of which provides different information

based on _______defined for them.

Answer: Variant, Selection Criteria



75. If we select protect variant field, user who created the variant alone can modify it

True

False

76. If we want a report using a variant and also want to display certain values up to a date,

we use _____ variables.

Answer: Selection

77. We use this variable to store statistical information that can be used in different report

A. Table variable

B. Dynamic date calculation

C. Attribute selection

D. Report variant

78. Company code belonging to a country is an example for following selection variable

A. Table variable

B. Dynamic date selection

C. Report variant

D. Selection variable

79. Current date, first day of next month, current month are example of ________

A. Table variable

B. Selection variable

C. Dynamic date selection

80. The prerequisite for using dynamic date selection is the program type _______.

A. D

B. T

C. E

D. A

81. SAP List viewer is used to view single level list or multilevel sequential list

True

False

82. We can change list without selecting data first and save the changed list layout in

variants

True

False



83. Pick out the correct one(s)

A. We can choose document item view or document overview in list viewer

B. We can sort a list in list viewer in ascending or descending order

C. In list viewer we can select multiple columns

D. We can create totals and subtotals for specific values using summation in

list viewer

84. There are two selection items for creating own display variants in list viewer

A. Dynamic list and individual list

B. Column selection and column set

85. Using ________ we can switch list from classic to grid control

A. Switch ID

B. Parameter ID

C. Grid ID

D. Classic ID

86. Selection criteria to choose line items evaluation are

A. Accounts

B. Company code

C. Search help

D. Line item status and category

87. We choose following for the list output

A. Layout

B. Maximum line items

88. _________ Date is the determining factor in classifying the status of line item as open

or cleared in a report

A. Posting

B. System

C. Key

D. Document

E. Run

89. The line items in the line item display are frequently sorted by the value in the_______

field.

Answer: Assignment

SAP FI -

sap fi tfin52_asset accounting 1 to 12 topics competitive q's with a's

Documents

asset true false

asset class true false

asset valuation true

depreciation area true

gl true false

depreciation areas true

components true false

fiaa true false