Microsoft GP 10.0 Financials Set 3

1.

Which of the following is a depreciation sensitive field?

Acquisition Date Asset ID Original Life Quantity

2.

A line item on a purchase order is a fixed asset purchase. The item needs to be added as an asset in Fixed Assets. How is integration from Purchase Order Processing by Receipt Line triggered?

By marking the Capital Item check box in Item Maintenance By marking a line item as a Capital Item when the item is entered on a purchase order or receivingstransaction By changing the account number on the PURCH type distribution line to a Clearing account By changing the account number on the PURCH type distribution line to a Fixed Assets Purchase PostingAccount

3.

If a depreciation sensitive field is changed, what option should be selected if the depreciation already taken on the asset should not be changed or modified?

Reset Life Reset Year Recalculate Retirement

4.

What process can be run to estimate what the depreciation expense is going to be for a specific asset in the next five years?

Retirement Estimation Depreciation Projection

5.

Where can a default depreciation method be designated for a group of assets?

Account Group Setup Book Class Setup Book Setup Class Setup

6.

What is the purpose of Purchasing Posting Accounts in Fixed Assets?

This is the account that is debited when an asset is added in Fixed Assets. This is the account that is credited when an asset is added in Fixed Assets. This is the account used to trigger Fixed Assets that an item from Payables Management needs to becapitalized. This is the account used to trigger Fixed Assets that an item from Purchase Order Processing needs to becapitalized when interfacing by receipt line.

7.

What is the function of the Corporate Book that is designated in Fixed Assets Company Setup?

This is the book that defaults on all reports. This is the book where assets are automatically added. This is the only book where depreciation can be calculated. This is the book that updates/posts to the General Ledger module.

8.

What is the best way to track component (related) assets if the component might be linked to a different asset in the future?

The Asset ID/Suffix field The Asset Label field The Master Asset ID field The Short Name field

9.

Which of the following statements are true about classes in Fixed Assets? Choose the 2 that apply.

At least one class is required. Classes are optional in Fixed Assets. Account groups can be assigned to a class. Classes can only be used with assets assigned to the Corporate Book.

10.

Which processes are saved by User ID in Fixed Assets?

Depreciation and Depreciation Projections Depreciation Projections and Select Assets Asset Retirements and Depreciation Projections Asset Retirements and Depreciation

Microsoft GP 10.0 Financials Set 3

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Microsoft GP 10.0 Financials Set 3

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