SAP Financial Accounting (SAP FI) Practice Exam

What are the three types of acquisitions in asset accounting?

1. Cash purchase, lease, donation

2. Asset transaction integrated with accounts payable, from clearing accounts, from MM

3. Direct purchase, installation, and maintenance

4. Third-party purchase, lease-to-own, write-off

The correct answer is: Asset transaction integrated with accounts payable, from clearing accounts, from MM

The correct answer identifies three types of acquisitions in asset accounting that reflect the integration of asset transactions with the accounts payable module. This means that when an asset is acquired, it typically involves a financial transaction where the acquisition has implications for both asset accounting and accounts payable, allowing for the seamless recording of costs associated with asset acquisition. By integrating asset transactions with accounts payable, businesses can effectively manage their financial obligations related to asset purchases and ensure that these transactions are accurately reflected in both the asset ledger and the payable ledger. In the context of asset accounting, the integration helps in tracking not just the acquisition of the asset but also the related financial responsibilities that come from purchasing or acquiring that asset. This method provides clearer visibility and control over asset-related expenditures and liabilities. The other choices refer to aspects of purchasing or managing assets, but they do not specifically capture the combined processes and transactions that characterize acquisitions in asset accounting as effectively as the selected choice does.