Answer Posted / souram

Asset Class is the most important criteria for structuring
fixed assets from an accounting point of view. Every asset
has to be assigned to exactly one asset class. The asset
class is used to assign the assets to the correct general
ledger accounts. several asset classes can use the same
account assignment.

Account Determination:

one of the most important functions of the asset class is to
establish the connection between the asset master records
and the corresponding accounts int he general ledger in
financial accounting. this connection is created by the
account determination key in asset class.

Screen layouts
Asset numbers.

What is a release order? : fi- accounts payable

1137

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Explain the customer master record and list various segments in them.

1006

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What is a credit memo? : fi- accounts payable

1095

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Can both account based and costing based profitability analysis be configured at the same time? : co-pa

1266

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What are the components of controlling? : co- general controlling

1049

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What is known as year shift/displacement in a fiscal year?

1151

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Explain derived depreciation? : fi- asset accounting

996

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What are posting keys?

1134

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Explain fi-mm integration? : fi- accounts payable

1321

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Is it possible to calculate standard cost estimate for a past date?

1136

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What do you mean by component scrap?

1316

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Explain intercompany postings? : fi- general ledger master data

1129

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What do you understand by profit center? : cost center accounting

1013

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What is an exchange rate type?

1080

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please tell the process or step for cash management with transaction code.

2134

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