SAP Financial Accounting (SAP FI) Practice Exam

How do you make the profit center and segment fields appear on the asset master record?

1. Execute a configuration called segment reporting

2. Fill out asset master data

3. Adjust cost center settings

4. Use vendor managed purchasing program

The correct answer is: Execute a configuration called segment reporting

To make the profit center and segment fields appear on the asset master record, executing a configuration called segment reporting is essential. This configuration allows for the alignment of financial reporting with the corresponding segments of the business, ensuring that assets can be accurately tracked and reported according to different divisions or areas of responsibility within the organization. Segment reporting configuration enables the integration of profit center and segment information into the asset management processes, which ultimately enhances financial analysis and decision-making regarding asset utilization and profitability. The other choices do not directly enable the appearance of these specific fields on the asset master record. Filling out asset master data is necessary for creating assets but does not alter the structure to include profit centers and segments. Adjusting cost center settings relates more to operational aspects of cost tracking rather than how segments and profit centers are represented on asset records. Similarly, the vendor managed purchasing program pertains to procurement processes and does not influence the asset master record configuration.