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Question 52 - C_S4CFI_2408 discussion

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What does the asset class determine? Note: There are 3 correct answers to this question

A.

The inventory number

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A.

The inventory number

B.

The asset number

Answers
B.

The asset number

C.

The default depreciation key

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C.

The default depreciation key

D.

The G/L accounts for asset transactions

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D.

The G/L accounts for asset transactions

E.

The balance sheet structure

Answers
E.

The balance sheet structure

Suggested answer: C, D, E

Explanation:

In SAP S/4HANA Cloud Public Edition, the asset class plays a crucial role in defining key aspects of asset accounting: C. The Default Depreciation Key: It specifies the standard rules for calculating depreciation for assets in this class, affecting how asset value decreases over time. D. The G/L Accounts for Asset Transactions: Asset classes determine which General Ledger accounts are impacted by transactions involving assets, such as acquisitions, retirements, and depreciation postings. E. The Balance Sheet Structure: Asset classes help organize assets in the balance sheet by categorizing them, which aids in financial reporting and analysis.

References:

SAP S/4HANA Cloud Asset Accounting documentation

SAP Financials configuration and user guides

asked 31/10/2024
Chan Man Wong
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