1. True or False? – The Asset Accounting Information System is a hierarchical structure containing standard reports creating a report tree that cannot be changed.
False. The standard reports provided by SAP can be copied and modified. Branches can be added or removed from a report tree.
2. What is the asset value display used for?
Asset value display offers extensive possibilities for planned as well as already posted asset values. For example, it is possible to compare results from different depreciation areas, simulate asset values over time, view posted transactions, and execute reports.
3. Describe simulation in the context of AA and simulation versions.
Simulation in the AA context is an experimental change to parameters affecting the valuation of assets. It can apply to a single asset, the entire asset portfolio, or a test depreciation area.
Simulation versions allow you to simulate a change in depreciation method (depreciation key and useful life) for asset value/depreciation reports and this way to forecast asset depreciation.
4. Describe the asset history sheet.
The asset history sheet is the most important and most comprehensive year-end report or intermediate report. It displays the various stages of a fixed asset’s history – from the opening balance through the closing balance – including any acquisitions, retirements or accumulated depreciation. SAP supplies country-specific versions of the sheet. It is often a required appendix to the balance sheet.
5. What is a sort version, and what is the maximum number of sort levels in a sort version?
The sort version defines the formation of groups and totals in an asset report. All fields of the asset master record can be used as group and/or sort criteria for defining of a sort version. It consists of a maximum of 5 sort levels determined via fields.
6. What are group assets?
The tax requirements in some countries require calculation of depreciation at a higher group or level of assets. For this purpose you can group assets together into so-called group assets.