Podcast
Questions and Answers
In G/L account maintenance, which option can you use to change the G/L account master data using collective processing?
In G/L account maintenance, which option can you use to change the G/L account master data using collective processing?
Where do you assign dunning areas?
Where do you assign dunning areas?
How can you decide which data is moved to the historical partition when using data aging for the universal journal?
How can you decide which data is moved to the historical partition when using data aging for the universal journal?
Which objects are maintained separately per client in SAP?
Which objects are maintained separately per client in SAP?
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What does the year-end closing program in Asset Accounting do?
What does the year-end closing program in Asset Accounting do?
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Which criterion can be used to determine which data is not moved to the historical partition during data aging for the universal journal?
Which criterion can be used to determine which data is not moved to the historical partition during data aging for the universal journal?
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When should fiscal year close for asset accounting be carried out?
When should fiscal year close for asset accounting be carried out?
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What can a user clear with the automatic clearing program?
What can a user clear with the automatic clearing program?
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How many line items are updated in the Universal Journal when posting an invoice with VAT tax?
How many line items are updated in the Universal Journal when posting an invoice with VAT tax?
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What entries do you define when maintaining a G/L account?
What entries do you define when maintaining a G/L account?
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Which Management Accounting objects can you assign in the asset master record?
Which Management Accounting objects can you assign in the asset master record?
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What is the significance of multiple standard ledgers assigned to a company code?
What is the significance of multiple standard ledgers assigned to a company code?
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Which area of the screen layout is used for depredation?
Which area of the screen layout is used for depredation?
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How many fields can be selected for reporting on in the trial balance report that is based on line items?
How many fields can be selected for reporting on in the trial balance report that is based on line items?
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What kind of asset is the asset main text always prefilled for?
What kind of asset is the asset main text always prefilled for?
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What does the system do when a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount?
What does the system do when a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount?
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Study Notes
Data Aging for Universal Journal
- Data aging uses criteria such as ledger, company code, account type, and document type to decide which data to move to the historical partition.
Dunning Areas
- Dunning areas are assigned at the segment level.
Objects Maintained Separately per Client
- Function modules, transactional data, organizational units, ABAP programs, and master data are maintained separately per client.
Changing G/L Account Master Data
- G/L account master data can be changed using collective processing by changing client-level data, company code data, or account descriptions.
Year-End Closing Program in Asset Accounting
- The year-end closing program in Asset Accounting indicates if any created asset master records contain errors, checks whether depreciation is posted completely for the fiscal year, and settles all assets under construction with values and maintained settlements.
- It also blocks all postings to Asset Accounting for the closed fiscal years.
Automated Clearing Program
- The automatic clearing program can clear open items for currency and general ledger.
Line Items Updated in Universal Journal
- When posting an invoice with a VAT (sales) tax, 4 line items are updated in the Universal Journal (table ACDOCA).
Maintaining a G/L Account
- When maintaining a G/L account, account group, ledger assignment, field status group, account type, and profit center are defined.
Original Management Accounting Objects
- Original Management Accounting objects such as profit center can be assigned in the asset master record.
Trial Balance Report
- In the trial balance report based on line items, more than 100 fields can be selected to report on.
Automated Checks for Financial Statement Version
- Automated checks for the financial statement version include checking for duplicate item keys and checking financial statement notes for non-noted item accounts.
Asset Main Text
- The asset main text is always prefilled for mass-created assets.
Assignments for Company Code
- Assignments that can be adjusted for the company code include segment, chart of accounts, leading ledger, fiscal year variant, and company.
Payment in Foreign Currency
- When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount, the system does not return the difference back to the customer.
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Description
Test your knowledge on SAP asset accounting with this quiz covering topics such as fiscal year close, automated assignment rules, affiliate reports, and SAP Leonardo machine-learning algorithms.
