Configuring Fixed Asset Class

Validating and Substituting Asset Master Data

Configuring Fixed Asset Class

Validating and Substituting Asset Master Data

Knowledge quiz

It's time to put what you've learned to the test, get 4 right to pass this unit.

There are two correct answers.

Unit of measure of the asset

Master data layout

Account determination

Number range of FI-document number of the posting document

There are three correct answers.

New Asset Classes can create and assign a new account determination.

New account determinations can be assigned to the asset classes are possible, even if postings exist.

Changes to the accounts are possible, even if postings exist.

The default values for useful lives and depreciation keys can be adjusted.

The same account determinations can be assigned to different asset classes.

Choose the correct answer.

Define asset class.

Make Valuation View-Dependent Settings for Asset Class.

Specify Amounts.

Choose the correct answer.

The ledger with the accounting principle

The accounting principle with depreciation area

Ledger with depreciation area

There are two correct answers.

Offsetting account for revaluation

Balance Sheet Account: Acquisition and Product Costs

G/L account for asset retirement gain

Accumulated Depreciation Account for Ordinary Depreciation