SAP Financial Accounting (SAP FI) Practice Exam

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Study for the SAP Financial Accounting (SAP FI) Exam. Use flashcards and multiple choice questions with hints and explanations to enhance learning and comprehension. Prepare thoroughly for your certification test!

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Which of the following dates is included in the three dates for an asset line item?

Creation date
Posting date
Modification date
Approval date

The correct answer is: Posting date

In the context of asset accounting within SAP Financial Accounting, the posting date is one of the three key dates associated with an asset line item. This date signifies the moment in which the asset transaction is recognized in the system; it marks the actual financial impact of an event, such as a purchase or upgrade of an asset. The posting date is crucial because it determines the accounting period to which the transaction belongs, thereby influencing financial reporting and performance analysis. Additionally, the creation date refers to when the asset master record is initially set up, while the modification date indicates when the asset record was last changed. The approval date, which may relate to internal processes, does not typically influence the status of the asset in terms of financial accounting entries in SAP. Therefore, the posting date stands out as the essential date for executing and reflecting transactions in financial reports pertaining to asset management.