2.

Asset Accounting

1. Chart of depreciation

1. Chart of depreciation means list of depreciation areas

2. Each depreciation area is using to different legal requirement only

2. Account determination

1. Account determination using to specify the asset classes

2. It connects the connection between the asset master records and
3. The corresponding accounts of general ledger in the asset classes
4. Using to specify the assets like1. Land2. Building3. Machinery

3. What are Screen layout rules?

1. Screen layout control the fields in the master data, during master data maintenance,
2. Like which fields are displayed, which fields required entry fields, which fields Optional
entry field?

4. What are the asset classes?

1. Asset classes nothing but group of assets

2. The asset class is the main criterion for classifying assets.
3. Every asset must be assigned to only one asset class.

5. What are Depreciation Keys?

1. Base line methods

2. Declining balance methods
3. Maximum amount method
4. Multi level methods
5. Period control methods

6. Which level Asset master is configured?

1. Client level

7. What are the segments in Asset master?

1. Master data segment

2. Depreciation segment

8. What is the depreciation types used in SAP?

1. Ordinary depreciation-for write off of normal wear and tear

2. Special depreciation-represents depreciation for taxation purposes
3. Unplanned depreciation (manual)
4. Depreciation from write-off reserves (manual)
5. Interest
9. What are the organizational assignments in asset accounting?

1. Chart of depreciation is assigned to company code

2. Under chart of depreciation all depreciation calculations are stored

10. Chart of depreciation

3. Chart of depreciation means list of depreciation areas

4. Each depreciation area is using to different legal requirement only

11. Difference between COA and COD

1. Chart of account is index of GL accounts. Chart of account can be global,

2. Country specific Or Industry specific based on the needs of business.
3. The COD is the index of depreciation areas, The COD is only country specific

12. What is Depreciation area in AA?

1. Depreciation areas are used to calculate depreciation and asset values

2. For various purposes like legal, costing, book etc in parallel.
3. They are identified by two digit numeric key

13. How many depreciation areas could be assigned to chart of depreciation

1. A chart of depreciation could contain up to 99 depreciation areas

2. A depreciation area is always assigned to only one chart of depreciation

14. How many depreciation areas could you assign to an asset class?

1. There is no limit

15. How do you maintain multiple shift depreciation in asset master?

1. The variable depreciation portion as a percentage rate is to be maintained in the

Detail screen of the depreciation area
2. The multiple shift factors are to be maintained in the time dependent data in the asset
Master record
3. This shift factor is multiplied by the variable portion of ordinary depreciation

16. Is it possible to calculate multiple shift depreciation? Is any special configuration

required?

1. Yes, possible to calculate multiple shift depreciation in SAP

2. For all types of depreciation except unit of production.
3. No special configuration required

17. Is it possible to have depreciation calculation to the day?

1. Yes it is possible
2. you need to switch on the indicator” Dep to the day” in the depreciation key
configuration
18. How many depreciation areas can be defined for a company code?

Depreciation areas are not defined for company codes rather depreciation areas are defined for
a chart of depreciation, a maximum of 99 depreciation areas can be maintained for a chart of
depreciation

19. Let’s say you have changed the depreciation rates in one of the Depreciation keys due
to changes in legal requirements. Does System automatically calculate the planned
depreciation as per the new rate?

No. System does not automatically calculate the planned depreciation after the change is made.
You need to run a program for recalculation of planned depreciation.