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Hi Student,

You are now taking an examination covering the concepts of the FI-AA (Asset Accounting) Sub-Module.
Please go through the instructions furnished below and then take up your examination.
The Examination questions are available in the worksheet called "FIAA_EXAM"
Instructions:

Please read the question carefully and Click on the GREEN Colored Cell.
You would see a list box and pick the appropriate answer from the GREEN COLORED LISTBOX
provided against the respective questions.
Please select your answer from the Listbox only.

* DO NOT TYPE YOUR ANSWER MANUALLY!

Please ensure that all GREEN COLORED CELLS UNDER Column C

are answered as this activity is important for evaluation of your Marks.
After answering all Questions, Click on the RED COLORED CELL and
Confirm that you have completed the Exam.
This activity is important for evaluating your Marks. You can take this exam many times.

WISH YOU SUCCESS!!!!

Area(s) covered: TFIN52 (PART A)

Test Prepared by :G VidhyaDhar

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*** Before Taking the Examination, Please RIGHT CLICK on 'Column C'
and CLICK 'CLEAR CONTENTS'. Answer must be Provided in Every GREEN Colored Cell
Do not save the worksheet/workbook when you wind up.
Question

Asset Accounting Component in SAP uses a Chart of Depreciation which

a. can be copied from an existing Chart of Depreciation
b. can be created from scratch without using Copy method

A Chart of Depreciation is
a. Industry Specific
b. Country Specific
c. Both Country Specific and Industry Specific
d. none of the above

Each Asset Accounting Company Code uses

a. One Chart of Accounts and One Chart of Depreciation
b. One Chart of Accounts and Multiple Charts of Depreciation
c. One Chart of Depreciation but no Chart of Accounts
d. One Chart of Accounts but no Chart of Depreciation

Chart of Accounts and Chart of Depreciation is defined at

a. Company Code level so that they can be shared across all company codes within a country
b. Client Level so that any company code within a country can use them
c. Asset Class level so that Asset accounting is possible
d. Company code level so that only one company code can use them

Depreciation Areas are two digit numeric Keys which help in Depreciation Computation and Asset Valuation

The following actions are possible:

a. Creation of new depreciation areas even after producive start of the sytem
b. Deletion of existing depreciation areas after population of Master / Transaction Data

Multiple options are available regarding Posting or otherwise of Asset Values

and Depreciation to the General Ledger(Post APC/ Post Depreciation/ Do not Post/ Post Real Time/ Post Periodically)

Separate Depreciation Areas can be maintained for displaying transaction figures in different currencies

Multiple version(s) of Financial Statement(s) can be created for reporting Asset and Depreciation Values in
different Depreciation Areas for different purposes

Asset Classes help you in structuring Fixed Assets. Each Asset Class comprises a Master Data Section and
a Valuation Section
Asset Master Records can be created using an Asset Class
or by using a Reference Asset already created.

An Asset Class
a. Helps in the creation of Asset Master Records
b. Responsible for Asset Master Numbering
c. Controls the design and screen lay out relating to Assets
d. Serves a bridge between the Chart of Accounts and Chart of Depreciation using Account Determination
e. groups assets of a similar kind

An Asset Class has to be assigned to a

a. Chart of Accounts
b. Chart of Depreciation
c. Company Code
d. All of the above
e. None of the above ( viz. a,b,c)

Asset Numbering can be External or Internal

Asset Sub numbers used can never be External

Assets can have three Maintenance Levels namely a. Class Level b. Main Number Level c. Sub number level.
a. Asset Class Level is the most rigid level (allowing minimal changes to data) and Sub number level
is the least rigid level permitting maximum flexibility to change data
b. Sub number Level is the most rigid level (allowing minimal changes to data) and Asset Class level
is the least rigid level permitting maximum flexibility to change data

Which of the following statements are correct?

a. An asset mastered under the class AUC depreciates assets immediately on acquistion
b. Default Depreciation Key inherited from the Asset class cannot be changed in the Asset Master Record
c. LVA represents an asset class which writes off the asset value in full (subject to a pre-configured monetary maximum value)
upon acquisition of the Asset
d. LVA Assets require a Distribution Rule for Settling Line items of Asset Records constructed

Which of the following statements are correct?

a. A single account determination key can be used for different asset classes
by a Company Code if the Chart of Accounts and General Ledger Accounts used are the same
b. Different Chart of Accounts,used by different Company Codes, can use a single Account
Determination Key

Account Determination is responsible for updating Asset Values, Depreciation Values , related expenses and income in t
Balance Sheet and Profit and Loss Account of a Company Code

Interest can also be posted, if needed, along with depreciation while posting asset related transactions
Time Dependent Data in an Asset Master record is used for updating details such as Cost center, Shift factor, Asset Shu
down etc

Spell out the correct statements

a. AP integrated Asset Acquistion updates Asset & Payables subledgers and updates the Asset Reconciliation
and Vendor Reconciliation Accounts in the General Ledger
b. Asset Acquisition involving Materials Management comprises generation of Purchase Order, Goods Receipt Note,
Accounting Vendor Invoice and Asset followed by settlement of Vendor liability
c. Acquisition of Asset can also be made using a clearing account if Asset is received
and Vendor Invoice is received later or vice versa

There are many Transaction Types which determine the nature of asset related transaction
such as Acquisition, Retirement, Transfer etc.(indicating GL Accounts,Depn.Areas and Value fields affected)

Asset Value Date is primarily responsible for determining the a) date of capitalization ( for asset acquired)
and date of retirement (for an asset retired)

Asset Value Date is primarily responsible for determining the date for start of depreciation relating to an asset

A Valuated Goods Receipt posts asset values upon receipt of the asset whereas a non-valuated Goods Receipt posts value
upon receipt of Vendor Invoice

The following statements are true

a. Asset Retirement can be partial or complete
b. Assets can be retired by Scrapping or through Sales
c. Assets can be retired using customer account
d. Assets can be retired without using customer account

Revenue arising from Sale of an Asset is shown in the notes to Financial Statement

Asset Transfers can be Intra - Company or Inter - Company

Different Transfer Variants are available for carrying out Asset Transfers

The methods of Transfer available are a. Gross b. Net c. New Value

Intra-company Transfer requires Sale Revenue to be posted by the user

Depreciation areas in different company codes using different different keys but with the same functionality
can be mapped using cross depreciation areas

Assets Under Construction require settlement receiver assets which are depreciable after such settlement

Settlement of Line Items in an AUC is not impossible with a distribution rule created for the purpose
Depreciation arising in the event of unforeseen events such as theft and / accident is called
a. Special Depreciation
b. Unplanned Depreciation

An FI Document is always created when depreciation is planned / Unplanned Depreciation is entered

A depreciation key comprises one or more internal calculation methods such as

a. Base method
b. Declining Balance Method
c. Maximum Amount Method
d. Multilevel Method
e. Period Control Method

The Depreciation Run Program used in the current SAP Version is

a. RABUCH00
b.RAPOST2000

Integration of Asset Accounting is possible with Assignment Objects such as

a. Cost Center
b. Internal Order
c. WBS Element
d. Activity Type
e. other objects such as Real Estate, Public Sector Management

Asset Explorer is a tool from which you can navigate to

a. Cost Center assigned to an asset
b. General Ledger Master Affecting the Asset
c. Purchase Order (if asset acquired using MM integration)
d. FI Document (if a transaction has been posted to the assset)

Simulation of various asset related parameters can be made for an asset by

using the Simulate Button in the Asset Explorer

Simulation of all Assets is used in a single go using the

a. Asset Explorer
b. Report available in the Information System Folder

An Asset History Sheet is a comprehensive report detailing all particulars of an Asset

Have You Completed the Test?

GOOD ATTEMPT, BUT PLEASE REVISE YOUR LESSONS!
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