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SAP FICO Asset Accounting Module "Lean Implementation" in Asset Accounting

The document contains questions related to SAP FICO Asset Accounting module. It includes questions about lean implementation, different types of assets, complex assets, asset subnumbers, group assets, asset super number, chart of depreciation, enabling asset accounting, types of depreciation, depreciation area, asset class, asset catalog, asset value date, asset master components, ways to create asset master, time dependent asset data, asset acquisition, blocking asset master, deleting asset master, transaction type, asset under construction process, capitalizing asset under construction, asset transfer process and types, asset retirement process, transferring legacy assets, asset transfer date, fields set in initial acquisition, and periodic processing functions.

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Krushna Swain
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297 views3 pages

SAP FICO Asset Accounting Module "Lean Implementation" in Asset Accounting

The document contains questions related to SAP FICO Asset Accounting module. It includes questions about lean implementation, different types of assets, complex assets, asset subnumbers, group assets, asset super number, chart of depreciation, enabling asset accounting, types of depreciation, depreciation area, asset class, asset catalog, asset value date, asset master components, ways to create asset master, time dependent asset data, asset acquisition, blocking asset master, deleting asset master, transaction type, asset under construction process, capitalizing asset under construction, asset transfer process and types, asset retirement process, transferring legacy assets, asset transfer date, fields set in initial acquisition, and periodic processing functions.

Uploaded by

Krushna Swain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1. What is the configuration step of idoc?

1. Maintain partner profile using tcode –we20


2. Create segment using tcode – we31
3. Create a basic idoc type using tcode—we30
4. Create/assign message type using tcode –we81/we82
2. What is the business process?
3. Valuation class?
Ans-valuation class is a link which ensure that accounting documents are posted automatically.
Every material have valuation class. Example: - raw material and finished goods and semi-
finished goods

 What is SAP FICO Asset Accounting module ?


 What is meant by “Lean Implementation” in Asset Accounting ?
 What are the different kind of Assets in Asset Accounting ?
 What Is a Complex Asset ? What are Asset Subnumbers ?
 When and why do we use Group Assets ?
 What does Asset Super number signify ?
 What is a Chart of Depreciation ? How is to linked to the company code ?
 What are the steps needs to enable Asset Accounting for a company code ?
 What are the different kind of Depreciation that we can configure in SAP ? Provide Example
 What is Depreciation Area ?
 How does depreciation posting flow from FI to Asset Accounting (AA) ?
 What is the use of an Asset Class ? What is an Asset Catalog ?
 What is the significance of Asset Value Date ? Where is it used ?
 What is an Asset Master ? What are the different components of Asset Master ?
 What are the different ways to create an Asset Master ?
 How do we create more than one asset in a single transaction ?
 What are the kind of Time Dependent data in Asset Master ?
 Please explain Asset Acquisition with an example ?
 When do we require to block an Asset master record ?
Ans:- We have few Asset created in SAP.We are selling these asset.Hence I need to block
these asset so that when we calculate the depreciation at the end of month shd. not be
calculated for thses blocked assets ,but at the same time while we are selling these assets as
those are blocked shd. not be a problem.
 Is it possible to delete an Asset Master record ? How ?
 What is a transaction type in context of Asset accounting ?
 Detail the process followed by an Asset under Construction ( AUC ) in SAP ?
 How do we Capitalize an Asset under Construction in SAP ?
 Please explain Asset transfer process with example.
 What are the different types of Transfer Variant for asset transfer ?
 Explain SAP Asset Retirement process.
 How do we transfer Legacy Assets to SAP ?
 What is the significance of Asset Transfer Date ?
 Which fields are automatically set in Asset Master in Initial acquisition ?
 What are the function in Periodic processing of Asset Accounting ?
Note that these are all SAP FICO Interview questions and not Certification questions . SAP
FICO Certification questions are usually multiple Choice types with one or more correct
answers to select from.

1. Month-end closing in Financial Accounting

Update Exchange Rates


Gaps in Document Number Assignment
Invoice Numbers Allocated Twice
Open and Close Posting Periods
Enter Recurring Entries
Post Recurring Entries
Run Batch Input Session
Automatic Clearing of GR/ IR Account special process
Analyze GR/ IR Clearing Accounts
Automatic Clearing of GR/ IR Account
Post Adjustment Entries
Foreign Currency Revaluation
Post Tax Payable
Record of sales and Use Tax Report
Comparison Documents/ Transaction Figures
Close Previous Accounting Period
Balance Interest Calculation
Display Document Journal
Financial Statement

2. Year-end closing in Financial Accounting

Create Factory Calendar for New Year


Carry Forward AP/ AR Balances
Carry Forward GL Balances
Re-grouping Receivables/ Payables
Balance Confirmation Receivable
Balance Confirmation Payable
Final Close and Release Financial Reporting
Close Previous Accounting Period
Display Document Journal.
Print 1099 MISC forms (Only for USA)

Hope this help

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