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

Which attributes should be considered when defining asset number ranges? (Choose two)

1. Asset number ranges are defined for asset classes and are company code specific.

2. Asset number ranges are defined at chart of depreciation level.

3. Each asset class can have either an internal or external number range.

4. Each asset number range has to be assigned to a unique asset class.

The correct answer is: Asset number ranges are defined for asset classes and are company code specific.

In the context of defining asset number ranges, the correct choice emphasizes that asset number ranges are indeed defined for asset classes and are company code specific. This is an important consideration because each company code may have distinct requirements and structures for its asset accounting. By defining asset number ranges per asset class and company code, businesses can efficiently manage asset identification and tracking within the framework of their specific accounting needs and regulatory requirements. Choosing an asset number range based on its connection to an asset class allows for proper categorization and organization. This ensures that asset management processes, such as depreciation and impairment, can be applied accurately and consistently across similar types of assets within a company code. In this case, the additional choices contain factual elements relevant to asset management but do not capture the essence of why it is necessary to specifically align number ranges with asset classes and company codes. Understanding these relationships is crucial for effective financial reporting and compliance in SAP Financial Accounting.