ITCI ERP_TTT Assessment - MFRS16 CAPEX Team

If a contract type is "SBC," which asset class must be mapped to it?

• Real Estate Assets

• SBC Leased Assets

• Office Buildings

• It depends on the user’s input.

What functionality is provided by the "Valuation Parameters" in IFRS 16 contracts?

• Setting posting and frequency term

• Defining currency exchange rates

• Managing lease liabilities and right-of-use assets

• Defining Tax Group and Tax Code

What key financial detail must be verified in contracts with "Initial Cost" condition types?

• The correct mapping of asset class

• Tax group allocation

• Impact of the initial cost on valuation postings

• Resubmission date

Which valuation method must be verified for MFRS16 accuracy after saving the contract?

• ARO Cost valuation

• ZMFRS16 valuation

• Fair market valuation

• Cash flow valuation

What is the first step in creating a contract in SAP CLM for MFRS 16?

• Assign an accounting principle

• Define contract type

• Enter contract details

• Specify payment terms

In SAP CLM, which master data must be linked to a contract for MFRS 16 ?

• Cost center per company code

• Internal Order as Site ID

• Asset class of MFRS16

• All the above

In SAP RE-FX, which feature ensures changes to contracts comply with MFRS 16?

• Contract Cashflow

• Change of Business Partner

• Valuation Adjustments

• Resubmission date

When amending a contract under MFRS 16, what triggers the revaluation process?

• Change in payment terms

• Modification of the lease term

• Assignment of a new real estate object

• Change in the controlling area

What happens to the existing valuation postings when a contract is amended?

• They are automatically reversed and replaced.

• They remain unchanged as previous valuation step.

• They are archived and cannot be accessed.

• They are deactivated until approval.

What tool provides a consolidated view of all changes made to a contract?

• Change Log Overview

• Contract Version Comparison Report

• Lease Accounting Dashboard

• Contract Amendment Summary