Answer Posted / praisty

The main criterion for classifying fixed assets according to
legal and management requirements.

For each asset class, control parameters and default values
can be defined for depreciation calculation and other master
data.

Each asset master record must be assigned to one asset class.

Special asset classes are, for example:

Assets under construction
Low-value assets
Leased assets
Financial assets
Technical assets
Depreciation Area - the area which shows the valuation of
fixed asset for particular purpose.

What is meant by a “baseline date” in sap ar and ap?

1023

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1. For a client creation of many group under one General Ledger

1979

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What is pre-closing? : fi- general ledger master data

1024

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Which is the payment term which actually gets defaulted in transaction (accounting view or purchasing view)?

979

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What is a cost object? : co- general controlling

1051

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Different types of erp?

952

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Why do we create profit centers? What are the key components of profit center? : cost center accounting

964

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What all steps are involved in creating planning groups and planning levels in cash management? What changes does it bring?

2000

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What are special periods used for?

992

---

Why do you need country chart of accounts?

1003

---

What is depreciation simulation? : fi- asset accounting

1138

---

What is to be defined for a push button fields in the screen attributes?

1060

---

What is the difference between company and company code?

960

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Explain manual primary cost planning? : co- cost center accounting

966

---

Explain the two uses of blocking an account? : fi- general ledger accounting

1053

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