The following SAP Asset Accounting MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of SAP FI GL. We encourage you to answer these multiple-choice questions to assess your proficiency.
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A. Valid activity type.
B. Valid cost elements.
C. Created valid cost centers.
D. All of the above
A. False
B. True
A. The asset class is a selection criteria in all standard reports in Asset Accounting. The screen layout, tab layout and the field characteristics
B. (required/optional/suppressed) of the asset master record can be set for the asset class.
C. The assignment of asset numbers can be controlled by the asset class. T he asset class provides default values to all asset master records in the class.
D. This way, the asset class functions as a sample master record, and makes it possible to create new asset master records simply and without errors.
E. All of the above
A. False
B. True
A. 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].
B. The account allocation key.
C. The chart of accounts valid in the company code.
D. All of the above
A. Operating chart of accounts
B. Group chart of accounts
C. Country-specific chart of accounts
D. All of the above
A. Cross-company code transactions that MUST be processed in a controlling area
B. Multilevel Product Cost Management across company codes
C. Representation of intercompany processes, whereby producing and delivering plant are the same.
D. Only A and B correct
A. A document can be reversed if it has no cleared items
B. Documents in MM can be reversed with a credit memo
C. If the posting period of the source document has already been closed, you have to enter a date that falls in an open posting period (for example, the current one) in the Posting date field.
D. Only A and C both are correct
A. Dunning Codes
B. Dunning Items
C. Dunning areas
D. None of the above
A. The field status of the customer account group
B. The field status of the posting key.
C. The field status group of the reconciliation account.
D. The field status of the activity
A. Client
B. Fiscal Year
C. Company Code
D. None of the above
A. Asset master
B. Accrual Engine
C. Customer
D. Material master
A. Spreadsheets
B. Transactions
C. Reconciliation keys
D. None of the above
A. The same fiscal year variant is used for all company codes.
B. The same currency is used for all company codes.
C. The same variant for open periods is used for all company codes.
D. None of the above
A. Activate transfer prices in Profit Center Accounting.
B. Set up the same group currency for all company codes and profit centers.
C. Deactivate document splitting for profit centers.
D. Assign the Profit Center Update scenario to the ledger.