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

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Which statement about asset accounting is correct?

The system automatically calculates interest on fixed assets
It allows real-time posting of asset transactions
It cannot be integrated with General Ledger
Asset management must be separate from financial accounting

The correct answer is: It allows real-time posting of asset transactions

The statement that the system allows real-time posting of asset transactions is correct. In SAP Financial Accounting, asset accounting is designed to provide real-time integration with other modules, including the General Ledger. This real-time capability means that any transaction involving fixed assets is immediately reflected in the accounts, ensuring that financial reporting is accurate and up-to-date. This integration is crucial for maintaining consistent, reliable financial data across departmental boundaries. Other options may contain elements of truth but do not correctly reflect the functionality of SAP Asset Accounting. For instance, while interest calculation on fixed assets can occur, it is typically done through specific calculations rather than an automatic process built into asset transactions. Integration with General Ledger is a core component of SAP systems since it ensures that all financial transactions are accounted for in one coherent framework, making the separation of asset management from financial accounting impractical and counterproductive in this environment.