BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms.What configuration step would you initiate to maintain these categories in SAP S/4HANA?Please choose the correct answer.
A
Define asset classes and maintain their attributes.
B
Configure depreciation keys and calculation keys.
C
Copy the chart of depreciation and maintain depreciation areas.
D
Define general ledger accounts per each category of legacy asset.
Explanation: 

Detailed explanation-1: -Legacy data transfer is the transfer of existing data from a previous system or from a manually maintained fixed asset card file. The transfer of legacy data is generally the first action after you configure the Asset Accounting (FI-AA) component and classify your assets.

Detailed explanation-2: -The update depends on the option you choose for how the depreciation area posts to the general ledger: You can post the depreciation areas in G/L accounting either in realtime (parallel depreciation in the ledger approach) or immediately (parallel depreciation in the account approach).

Detailed explanation-3: -The balance carryforward program can only perform the balance carryforward in Asset Accounting automatically when this was successfully performed in General Ledger Accounting.

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