SAP Asset Accounting Interview Questions

A Comprehensive List of SAP Asset Accounting Interview Questions

These SAP Asset Accounting interview questions would help you to successfully go through your SAP FICO Interviews having questions based on SAP Asset Accounting. Here are the important ones for you.

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Conceptual SAP Asset Accounting Interview Questions

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What are the organizational assignments in asset accounting?

A. Chart of depreciation is the highest node in Asset Accounting and is assigned to the company code.

Explain the importance of asset classes with an example.

A. The asset class is the main criterion for classifying assets. We must assign every asset to only one asset class.

Examples are plants & machinery, furniture & and fixtures computers etc.

Whenever you create an asset master you need to mention the asset class for which you are creating the required asset. In this manner whenever any asset transaction happens, the system automatically picks up the GL accounts attached to the asset class and passes the entry.

Further, you can specify certain control parameters and default values for depreciation calculation and other master data in each asset class.

Is it possible to calculate depreciation for the day?

A. Yes, it is possible. You need to switch on the indicator “Dep to the day” in the depreciation key configuration.

Is it possible to ensure that the system posts no capitalization in the subsequent years?

A. Yes, it is possible. You need to set it in the depreciation key configuration.

How are Capital Work in Progress and Assets accounted for in SAP?

A. Capital WIP is called Assets under Construction in SAP and is presented by a specific Asset class. Usually, the system does not charge depreciation on Capital WIP.

We can book all costs incurred on building a capital asset to an Internal Order and can post through the settlement procedure onto an Asset Under Construction.

Subsequently, on the actual readiness of the asset for commercial production, the Asset Under Construction gets capitalized into an actual asset.

Is it possible to calculate multiple shift depreciation? Do we need any special configuration?

A. Yes, it is possible to calculate multiple shift depreciation in SAP for all types of depreciation except the unit of production. And for this, we do not require any special configuration.

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Scenario-based SAP Asset Accounting Interview Questions

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A company prepares its books as per the Jan-Dec calendar year for reporting to its parent company. They also require to report accounts to tax authorities as per the April-March calendar. Can we manage assets in other depreciation areas based on a different fiscal year variant?

A. Yes, we can adopt different accounting principles for tax calculation purposes with a different ledger (other than a Leading ledger).

A company procures 10 cars. You want to create asset masters for each of these cars. How do you create 10 asset masters at the same time?

A. While creating an asset master there is a field on the initial create screen called the number of similar assets. Update this field with 10.

When you finally save this asset master you will get a pop-up asking whether you want to maintain different texts for these assets. You can update different details for all 10 cars.

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Process-based SAP Asset Accounting Interview Questions

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What are special steps and care we should take while migrating the Fixed asset data into the SAP system especially when Profit centre accounting is active?

A. Data migration is slightly different from a normal transaction which happens in the Asset accounting module. Normally, in asset accounting, we post day-to-day transactions with values through FI booking. At the same time, the system updates asset reconciliation online in real-time.

Whereas in data Migration, the process is different.

• First, the system updates the asset master with values through a transaction code AS91. The values updated on the master are the Opening Gross Value and the accumulated depreciation. However, at this point, the system doesn’t update the reconciliation GL account automatically.
• Next, we need to update the reconciliation accounts manually through another transaction code OASV.
• If Profit Center is active, then after uploading assets through AS91 we should transfer the asset balances to profit center accounting through a program.
• Thereafter we remove the Asset GL code (reconciliation accounts) from the 3kEH table for PCA and update the Asset reconciliation account (GL code) through OASV.
• After this step, we again update the Asset reconciliation account in the 3KEH table.

The reason you removed the Asset reconciliation code from the 3KEH table is that double posting will happen to PCA when you update the Asset reconciliation manually.

Also Read:- Profit Center interview questions

How do you maintain multiple shift depreciation in asset master?

A. The following steps are needed to maintain multiple shift depreciation:-

• We need to maintain the variable depreciation portion as a percentage rate in the detail screen of the depreciation area.
• Then we maintain the multiple shift factor in the time-dependent data in the master record. This shift factor is multiplied by the variable portion of ordinary depreciation.
• Once we did the above the SAP system calculate the total depreciation amount
• Depreciation amount + Fixed depreciation + (Variable depreciation * shift factor)

What are the steps to be considered during a depreciation run to ensure that the integration with the general ledger works smoothly?

A.  For each depreciation area and company code, specify the following:-

1. The frequency of posting depreciation (monthly, quarterly etc.)
2. CO account assignment (cost center)
3. You must define a document type for automatic depreciation posting for each company code. This document type requires its own external number range.
4. You also need to specify the accounts for posting (Account Determination)
5. Finally, to ensure consistency between Asset Accounting and Financial Accounting, you must process the batch input session created by the posting report.

If you fail to process the batch input session an error message will appear at the next posting run. The depreciation calculation is a month-end process which runs in batches and then once the batch input is run the system posts the accounting entries into Finance.

Read more:- SAP FICO Interview Questions

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