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Knowledge quiz

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

Q1.

Which accounts are reconciliation accounts of Asset Accounting?

There are two correct answers.

Offsetting account for revaluation

Balance Sheet Account: Acquisition and Product Costs

Accumulated Depreciation Account for Ordinary Depreciation

G/L account for asset retirement gain

Q2.

Which statements regarding the asset class are correct?

There are three correct answers.

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

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

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

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

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

Q3.

Which elements are connected by the validation view?

Choose the correct answer.

Ledger with depreciation area

The ledger with the accounting principle

The accounting principle with depreciation area

Q4.

In which configuration step can you define that a maximum amount check is to be made for an asset class?

Choose the correct answer.

Specify Amounts.

Define asset class.

Make Valuation View-Dependent Settings for Asset Class.

Q5.

Identify the data you can store in the definition of the asset class configuration step.

There are two correct answers.

Number range of FI-document number of the posting document

Unit of measure of the asset

Master data layout

Account determination