Posting the first set of SAP FICO Interview questions related to Asset Accounting
. These are the basic set of SAP FICO interview questions in Asset accounting .These only confirm that the candidate has a basic understanding of the breadth of SAP Asset Accounting
. Depth of Asset accounting is something very subjective but interesting . I shall be posting those questions too later.
- What is SAP FICO Asset Accounting module ?
- What is meant by “Lean Implementation” in Asset Accounting ?
- What are the different kind of Assets in Asset Accounting ?
- What Is a Complex Asset ? What are Asset Subnumbers ?
- When and why do we use Group Assets ?
- What does Asset Super number signify ?
- What is a Chart of Depreciation ? How is to linked to the company code ?
- What are the steps needs to enable Asset Accounting for a company code ?
- What are the different kind of Depreciation that we can configure in SAP ? Provide Example
- What is Depreciation Area ?
- How does depreciation posting flow from FI to Asset Accounting (AA) ?
- What is the use of an Asset Class ? What is an Asset Catalog ?
- What is the significance of Asset Value Date ? Where is it used ?
- What is an Asset Master ? What are the different components of Asset Master ?
- What are the different ways to create an Asset Master ?
- How do we create more than one asset in a single transaction ?
- What are the kind of Time Dependent data in Asset Master ?
- Please explain Asset Acquisition with an example ?
- When do we require to block an Asset master record ?
- Is it possible to delete an Asset Master record ? How ?
- What is a transaction type in context of Asset accounting ?
- Detail the process followed by an Asset under Construction ( AUC ) in SAP ?
- How do we Capitalize an Asset under Construction in SAP ?
- Please explain Asset transfer process with example.
- What are the different types of Transfer Variant for asset transfer ?
- Explain SAP Asset Retirement process.
- How do we transfer Legacy Assets to SAP ?
- What is the significance of Asset Transfer Date ?
- Which fields are automatically set in Asset Master in Initial acquisition ?
- What are the function in Periodic processing of Asset Accounting ?
Note that these are all SAP FICO Interview questions and not Certification questions . SAP FICO Certification questions are usually multiple Choice types with one or more correct answers to select from.