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SAP Asset Accounting Interview Questions

The document discusses interview questions for an SAP FICO Asset Accounting position. It includes questions about the chart of depreciation, depreciation areas, account determination, asset classes, depreciation keys, the asset master record, depreciation methods, and differences between the chart of accounts and chart of depreciation. The questions cover topics like how assets are classified and depreciated in SAP FICO.

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Manas Kumar Sahoo
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959 views

SAP Asset Accounting Interview Questions

The document discusses interview questions for an SAP FICO Asset Accounting position. It includes questions about the chart of depreciation, depreciation areas, account determination, asset classes, depreciation keys, the asset master record, depreciation methods, and differences between the chart of accounts and chart of depreciation. The questions cover topics like how assets are classified and depreciated in SAP FICO.

Uploaded by

Manas Kumar Sahoo
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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2/7/2018 SAP FICO - Asset Accounting Interview Questions

TOP 10 SAP FICO – Asset Accounting Interview


Questions
By Prakash - 02/04/2015

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Below are some important questions on SAP FICO Asset Accounting for beginners and
professionals. Some of these are asked in TOP MNC company interviews.

1. What is Chart of Depreciation ?


The Chart of Depreciation is a list of Depreciation Areas arranges according to business and
legal requirement.
Chart of Depreciation is used in order to manage various legal requirements for the
depreciation and valuation of assets. Each company code is allocated to one chart of
depreciation.

2.What do you mean by Depreciation Area ?


Methods of calculation of depreciation. An area showing a valuation of fixed assets for a
particular purpose. For example Book depreciation, Income Tax Depreciation, Costing
depreciation.

3. What is Account Determination ?


One of the most important functions of the Asset class to be establish the connection between
the Asset master record and the corresponding accounts in the general ledger in Financial
accounting. This connection is created by the account determination key is asset class.

4. What is screen Layout ?


Design of the records and design of the documents.

5. What is Asset Class ?


The Asset class is the main criteria for classifying assets. Every asset must be assigned to any
one class.The asset class is nothing but a group of asset. For example of Asset classes are
Plant & Machinery, Furniture & Fixtures, Computer etc…

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2/7/2018 SAP FICO - Asset Accounting Interview Questions

6. What is Depreciation key ?


A key for calculating depreciation amounts.There is a direct link between asset and company
code.Which we link between the depreciation key and master record.

7, What is an asset master ? What does it control for sub asset master ?
An asset master represents the master record and information about a particular asset.
According to the screen layout of asset master, it controls the following sub assets

Sub assets master number assignment


Assignment of depreciation key
Determination of life asset
determination of assignment of group asset.

8. How many depreciation areas can be defined for a Company Code ?


Depreciation areas are not defined for company codes rather depreciation areas are defined
for a chart of depreciation, A maximum f 99 depreciation areas cab be maintained for a Chart
of Depreciation.

9. What are the types of Depreciation methods ?


Base method

Decline value method


Maximum method
Multi level method
Period control method.

10. Is it possible to create an asset class automatically ?


Yes, There are two ways 1. Create an asset class with reference to an existing asset class
2.Generate an asset class through the asset class transaction code(ANKL).

11. How many ways can you create the asset master record ?

With reference to an asset


Using the number functionality for similar assets.
Through an asset class(AS01).

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2/7/2018 SAP FICO - Asset Accounting Interview Questions

12. What is the difference between COA and COD ?


The chart of Accounts is the index of G/L accounts.The Chart of Account can be global,country
specific or industry specific based on the need of business. The COD is the index of
depreciation areas.The COD is only country specific.

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13. What
Shares are the segments in asset master ?
Master data segment and Depreciation segment.
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Prakash

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