What is asset master?
Answers were Sorted based on User's Feedback
Answer / purushothaman kannan
Asset Master contains detils of asset as follows:
1. Asset No.
2. Asset Sub No.
3. Asset Description
4. Asset Maint No text
5. Account determination
6. Qty
7. Item number
8. Capitalisation on
9. First acquisition on
10. Acquisition year
11. Business area
12. Cost centre
14. Res cost centre
15. Licence plate no.
16. Employee Id
17. Equipment class
18. Vendor
19. Manufacturer
20. Country
21. Original asset
22. Depreiciation area
23. Depreiciation key
24. Uselife
Is This Answer Correct ? | 19 Yes | 1 No |
Answer / guest
asset master is shows the details about that asset, what
that name, asset class, account determination like that
u every details of about that asset ok
Is This Answer Correct ? | 17 Yes | 6 No |
Answer / ram
The Asset master gives the entire info. f the asset like:
Asset no,name,class,description,subno,
vendor,capitalisation,account determination,
dep. area,etc.
Is This Answer Correct ? | 4 Yes | 0 No |
purushottam all these are not mandatory.... to crete the
asset master.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / vandana k ashok
Asset master can created by copying an existing asset in
the same company code or another company code, it can be
also be created from the scratch when it is done for the
1st time again while creating the master, SAP allows to
create multiple asset in one go, provided, all such asset
are similar.
Is This Answer Correct ? | 6 Yes | 3 No |
Answer / sujatha
the asset master gives every details of the asset such as;
1.0% input/output tax on asset
2.assigning 0% input/output tax to co.code
3.creation of asset classes
4.screen layout rules
5.number range interval
6.define asset class
7.creation of depreciation key
8.maintain period control method
9.maintain depreciation key
10.assign depreciation key to asset class
11.creation of asset master data
12.define screen layout for asset master data
13.creation of sub asset
14.purchase of asset
15.define screen layout for asset depreciation areas
16.creation of vendor account
Is This Answer Correct ? | 2 Yes | 1 No |
I took SAP training with lot of committments given by Training Institute and explained the opportunities in the market. I was a layman before i joined SAP, but now i'm one year old in SAP. I'm not getting the opportunity to work in SAP FICO as i'm a fresher, but i'm practising regular at home. Can any one suggest or guide me?
SAP FICO Interview Questions 1) Differences between company code and company 2) business area and PCA 3) Retained earnings Account 4) Account group functionality 5) field status variant 6) fiscal year variant Vs posting period variant 7) withholding taxes 8) tax on sales and purchases 9) use tax 10) Vat 11) jurisdiction code 12) external number range and internal number range 13) FI organizational structure 14) CO organizational structure 15) FI tables 16) CO tables 17) CO-PA tables 18) APP configuration steps 19) APP run steps 20) Importance of base line date 21) importance of next posting date in APP run 22) Dunning configuration 23) Dunning run steps SAP FICO Interview Questions 24) check printing program 25) Void and reprint checks 26) pre numbered checks 27) House banks 28) if vendor is a customer 29) dunning area 30) dunning key 31) dunning block 32) payment block 33) Journal entries in SD integrations 34) Journal entries Billing and PGI 35) Journal entries in FI-MM integrations 36) Journal entries for goods issue, scraping and goods issued to production 37) valuation class 38) validations and substitutions 39) valuation area 40) valuation modification 41) general modification 42) Material master views 43) FS00 all tabs 44) Vendor and customer master creation( all tabs) 45) ASAP methodology SAP FICO Interview Questions 46) All five phases in ASAP methodology 47) testing process 48) documentation 49) functional specs 50) user exits 51) customer exits 52) enhancements 53) tables view 54) work bench request and customizing requests 55) SM35 and SE38 screens 56) DEV, testing and PRD clients 57) Tickets / messages 58) problems faced in implementation and support 59) client, cross client, transport of configuration 60)LSMW 61)BDC 62) Debugging a program 63) Special GL accounts, Special GL Transactions, Alternative GL accounts 64) Down payment Request, Down payments, 65) Noted items 66) Parking a document and holding a document 67) sample document and recurring document SAP FICO Interview Questions 68)BRS 69) Clearing accounts 70)Open item management 71) line item display 72) bank sub accounts 73) payment terms 74) controlling area 75) versions 76) link between FI and CO 77) assessment and distributions 78) allocation structure 79) what is cost center 80) what is a profit center 81) Profit center configuration steps 82) Report painter 83) Report 84) Report groups 85) Report library 86) Statistical and Real postings 87) Standard hierarchy and alternative hierarchy 88) Transferring data to SD to COPA configurations 89) CO-PA configuration all steps 90) Month end closing SAP FICO Interview Questions 91) year end closing 92) Go-Live activities 93) Lock Box concept 94) cross company code transactions 95) settlements in co 96) difference between cost centers and internal orders 97) Reconciliation Accounts 98) Extended With Holding Taxes configuration steps – right from creation of WH Tax Types, Codes to Annual Return 99) What is chart of account and how many charts of accounts can be assigned to a company 100) What is residual payment and part payment 101) procurement cycle in MM 102) goods movement 103) What is GR/IR? What journal entries 104) Primary cost elements and secondary cost elements 105) How to configure FI and CO reconciliation account 106) Steps for electronic bank reconciliation statement 107) CO-PA Transfer of Incoming Sales Orders 108) Report Painter, How to reverse +/- signs 109) What is the relationship between Report Groups and the report groups
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