SAP ERP Financials and FICO Handbook

64 CHAPTER 1 INTERVIEW QUESTIONS AND ANSWERS
to calculate special reserves as the difference between tax and book depreciation.
The book value rule in a derived depreciation area is checked each time a posting
is made or depreciation is changed in the corresponding real area.
136. Explain the difference between the methods for distributing forecast
depreciation to the posting periods.
The smoothing method distributes depreciation evenly to the periods from the
current depreciation period to the end of the fiscal year (regardless of the value
date of the transaction).
With the catch-up method , the depreciation on the transaction (from the start
of capitalization up to the current period) is posted as a lump sum. The depreciation
posting program posts this amount in the posting period in which the value
date of the transaction lies.
137. How many ways can you create the asset master record?
There are three ways to create your asset master record: (1) through an asset class, (2)
with reference to an asset, and (3) using the number functionality for similar assets.
1. Through transaction code AS01, you can create a new asset master by using
an asset class. In this case, you will provide all information with respect to the
asset master.
2. Use an existing asset as a reference for creating the new asset master record.
3. You can use number functionality to create more than one similar master. For
example, if you purchased 100 laptops, you can create 100 asset masters at a
time instead of creating asset masters one by one using this functionality.
138. Is it possible for an asset acquisition to be posted in two steps? How do
the two entries clear?
When the asset acquisition is posted in two steps or two different departments, you
normally post to a clearing account. This case arises when supplier is not known
while capitalizing assets. In the first step, assets value credited to an open item
managed account. In the second step, you are giving credit to vendor by debiting