It’s time to put what you’ve learned to the test, get 4 questions right to pass this unit.
Q1.
Which of the following statements about depreciation areas are correct?
There are two correct answers.
A
The depreciation keys and useful lives can be different for each depreciation area.
B
Depreciation areas are not necessary for fixed assets.
C
It is a view or valuation approach for an asset. For example, a different valuation area is used per accounting principle.
Q2.
Which field can no longer be changed after the asset has been saved?
Choose the correct answer.
A
Cost Center
B
Description
C
Depreciation key
D
Asset Class
Q3.
How can assets be created?
There are three correct answers.
A
It is possible to create assets with main and sub- assets.
B
Fixed assets can only be created with one main asset number.
C
You can create assets without an asset class by using a reference asset.
D
You can only create assets with sub-numbers.
E
An asset can be created by selecting the asset class. Alternatively, an asset can be created by using another asset as a reference. As a result, even more fields are proposed.
Q4.
Why is it important to create assets with the correct asset class?
There are three correct answers.
A
The asset class determines the accounts posted in the general ledger.
B
The asset class determines the asset number that the system assigns.
C
The asset class decides on the amount of depreciation.
D
The asset class structures the fixed assets.
E
The asset class determines the FI document number.
Q5.
Which of the following statements about the fields in the asset master record are correct?
There are three correct answers.
A
All fields must be filled.
B
There are mandatory fields that must always be filled.
C
All fields can be maintained on a time-dependent basis.
D
There are fields that can be optionally filled.
E
There are fields that you can maintain on a time-dependent basis.