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Sap Asset Accounting Interview Questions And Answers Pdf

sap asset accounting interview questions and answers pdf

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The new Asset Accounting is extremely flexible as far as its architecture is concerned. Which means that going forward by virtue of utilizing both the approaches of ledger and the accounts, you should be able to parallel work on the valuations of your assets by virtue of utilizing both the approaches of ledger and the accounts. It is not a mandate now to use the depreciation area 01 for the same.

Asset Accounting Interview Questions

It is used to store the financial data of an organization. SAP FI helps to analyze the financial condition of a company in the market. SAP Financials accounting module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. A General Ledger contains all the transaction details of a company. It acts as primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.

It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key' Posting key determines a Account Types b Types of posting. To generate financial statements like Profit and Loss statement, Balance sheets etc. You can have one Chart of Account for one company code which is assigned. There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies. Fiscal year in SAP is the way financial data is stored in the system. In SAP, you have 12 periods and four special periods.

SAP FICO Interview Questions

Fixed Assets What are the organizational assignments in asset accounting? Chart of depreciation is the highest node in Asset Accounting and this is assigned to the company code. Under the Chart of depreciation all the depreciation calculations are stored. How do you go about configuring Asset accounting? The configuration steps in brief are as follows:a Copy a reference chart of depreciation areas b Assign Input Tax indicator for non taxable acquisitions c Assign chart of depreciation area to company code d Specify account determination e Define number range interval f Define asset classes g Define depreciation areas posting to general ledger h Define depreciation key Explain the importance of asset classes. Give examples?

sap asset accounting interview questions and answers pdf

SAP Asset Accounting Interview Questions & Answers

Since through our expertise great interviewers simply intend to ask any critical question during your interview, commonly questions begin with some fundamental concept of the subject and next they proceed based on the distant analysis and SAP FICO Training Videos. Financial accounting and regulating are essential business fields, building a framework for every additional business enterprise. Tracing benefits, outgo and cash flow enable administration experts to give significant preparation choices concerning destiny.

Why can't you go from the asset value display to an existing FI document of a transaction? Answer:The link between an asset document and an FI document is, among other things, established by the logical system of a client. If this field is incorrectly converted in the table of the asset document header ANEK during client copies or upgrades to higher releases, a link no longer exists between the documents.

Reporting of Asset Accounting Interview Questions and Answers

Remember Me. Asset Accounting Overview. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets. All accounting transactions relating to depreciation, insurance, etc.

Masters in the next week i have an interview,can any body help me what type of questions can i expect,. In the long back at the time of interview the person asked me , how can we cancel the last three years depreciation run for the purpose of auditors, i faced these type of questions that's why iam asking now. If you have an answer for this question, then please use the Your Answer form at the bottom of the page instead. Can anybody help me , i am also have interview in next week based on asset accounting , i need real time based questions. If you have a different answer for this question, then please use the Your Answer form at the bottom of the page instead. It is not possible to cancel depreciation, normally these kind of question asks to confuse the candidate.

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  1. AimГ© C.

    15.04.2021 at 13:16
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