BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Account determination
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Posting keys
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Number ranges
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Financial statement version
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Screen layout rules
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Detailed explanation-1: -Asset classes are defined at SAP client level and contain key control parameters such as number assignment for asset, account determination and screen layout rules.
Detailed explanation-2: -What are Screen Layout Rules? The screen layout rules describe the status of various fields in the SAP asset master record. It determines whether any specific field is mandatory entry field, optional entry fields, or suppressed completely.
Detailed explanation-3: -When configuring the asset screen layouts, there are few maintenance levels eg. class, main and sub.
Detailed explanation-4: -Asset class is nothing but grouping of assets with similarities. This group is considered as of one asset class for e.g.: Plant & Machinery, various assets relating to Plant and Machinery are considered into one Asset Class.