SAP Financial Accounting (SAP FI) Practice Exam

What is required for organizational units before implementing fixed assets?

1. Configuration must be complete and ready

2. Approval from all stakeholders

3. External systems must be integrated

4. All staff must be retrained

The correct answer is: Configuration must be complete and ready

For the successful implementation of fixed assets within an organization, ensuring that the configuration is complete and ready is essential. This step involves setting up the necessary parameters and structures in the SAP system that will manage fixed assets effectively. This includes defining the asset classes, configuration of relevant accounts, and ensuring that the integration with other financial modules is in place. Having a fully configured system means that all functionalities related to fixed assets—such as asset acquisition, depreciation, and retirement—are operational and aligned with the company's accounting practices. Without this prerequisite, the organization risks encountering issues during processing, data inaccuracies, and potential compliance problems. While the other options may involve important considerations within an implementation project, they are not strictly required before beginning the fixed assets module setup. Approval from stakeholders is significant for overall project governance, external system integration can be a later stage of implementation, and retraining staff can be addressed as part of the change management strategy post-implementation. However, the foundational step of having the configuration complete remains a primary requirement for the successful management of fixed assets in SAP.