Choose the correct statement regarding the asset class. A. Asset classes are use

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Choose the correct statement regarding the asset class. A. Asset classes are used as template for the asset master records and therefore necessary to decide which default values are to be stored in the asset classes to ensure the uniformity of the assets. B. Asset classes are the most importnant means of structuring the fixed assets according to the requirements of the enterprise. C.Asset class defination applies to all company codes in a client. D.Asset class consits of master data and valuation sections.

Correct Answer

: A ,B ,C ,D

2. Dfferent Valuation approaches are used to valuate the asset Portfolio and transactions in Asset accounting. Choose the correct Example from the list given below. A.Financial statement according to local requirement. B.Balance sheets for tax purposes C.Internal accounting (Cost accounting) D.Parellel financial reporting, for example, creating consolidated balance sheet according to IAS, US GAAP and so on.

5. You can create multiple similar assets for example if you purchase 20PCs at once for your training department, or 12 desks for a new suite of offices. You can still make separate entries for each A. Cost center B.Inventory number C.Business area D.Description of the assets

7. special asset class: LVA A.set up max amount check in dep areas B.for each type of management you have to set up seperate aseet class C.for collective management you have to enter a base unit of quantity in asset class D.can be managed using individual management or collective management

8. posting to G/L A.dep is always posted on periodic basis B.dep area 01 posts APC values to G/L online in real time C.other dep areas can recieve their values from dep area 01 but calculate and post different dep values to G/L D.defining dep areas for reporting purposes only do not post any values to G/L

9. The G/L account becomes a complete G/L account A.if we have created chart of account B.if we have copied the chart of account segment from other company code C.if we have added the company code segment to chart of account segment D.if we have created both company code segment and chart of account segment centrally

10. Every company code can have following combinations as chart of accounts (COA) A. one operating, one group and one alternate COA B. one operating COA and many group COAs C. many operating COAs and one group and one alternate CoA D. one operating COA and one alternate COA

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