SAP Financial Accounting (SAP FI) Practice Exam

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What are the primary fields needed when creating a new asset in SAP FI?

Company code, asset class, department, manager
Company code, asset class, cost object, description
Company code, plant, asset class, project
Company code, cost element, asset category, description

The correct answer is: Company code, asset class, cost object, description

When creating a new asset in SAP FI, the primary fields that need to be filled in are essential for proper categorization and tracking within the system. The inclusion of the company code is crucial as it specifies the legal entity which is responsible for the asset and enables accurate financial reporting. The asset class is fundamental in categorizing the asset for accounting purposes and defining the relevant depreciation methods and policies. Additionally, a cost object must be specified to connect the asset to specific projects or activities that the cost is associated with, aiding in tracking expenses and budgeting. Finally, a description is necessary to provide a clear and understandable name for the asset, ensuring that users within the organization can easily identify and manage it. Therefore, this combination of fields ensures that the new asset is accurately defined and linked to the correct financial structure within SAP FI.