SAP Financial Accounting (SAP FI) Certified Application Associate Practice Exam

During a mid-year legacy system migration, which of the following data must be migrated? (Choose three)

1. Fully depreciated fixed asset master records

2. Closed year asset sale transactions

3. Current year posted depreciation

4. Current year asset acquisition transactions

The correct answer is: Closed year asset sale transactions

In a mid-year legacy system migration, it is essential to carry over specific data to maintain continuity and ensure accurate financial reporting in the new system. When considering which data is crucial to migrate, focusing on the complete management of fixed asset transactions during the current financial year is vital. Closed year asset sale transactions are important to migrate because they provide historical context and ensure that all relevant financial activities are accounted for and accessible in the new system. This helps maintain accurate records of asset dispositions and ensures that the financial statements reflect all past transactions appropriately. Alongside this, fully depreciated fixed asset master records and current year posted depreciation also play critical roles in a comprehensive financial picture. Fully depreciated assets should be retained for historical data analysis and reporting, while current year posted depreciation reflects the ongoing use and financial impact of assets within the current reporting period. However, it is important to note that certain transactions, like current year asset acquisition transactions, are also significant, as they help establish the current state of assets in the new system. Therefore, a comprehensive migration would ideally include closed year asset sale transactions, current year posted depreciation, and currently active asset transactions to ensure total asset management integrity. By focusing on closed year asset sale transactions, the migration aims to encapsulate all