Asset Accounting Overview: Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a . The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for. Germany, the. Asset Accounting Configuration. The Asset Accounting module. 1. Organizational structures. In this section, you define the features of the Asset Accounting.
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This link is created by the account determination key in each asset class.
In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy. Asset picks useful life and depreciation key for each depreciation area from depreciation area and asset class combination. The procedure is the same as in Create asset.
Asset accounting configuration needed in sap – sap concept hub
We configure the account assignment objects that can be posted based on: Copy reference Chart of Depreciation: Individual assets must compulsorily be assigned to an asset class at time of axcounting them, e.
Could you please add corresponding tables as well, this will really help when people are doing support or projects. These values are defaulted whenever postings to assets of these classes is done. Here, asset classes are assigned default values for the depreciation key and useful life. In Asset Accounting you can accountint the main asset number on the basis of cross-company codes.
Upload the asset master using the BDC using as91 transaction.
Based on asset classes, we also assign the account assignment for various transactions pertaining to that asset class. You can change the definition of the depreciation areas that were copied from the standard depreciation plan, and add additional depreciation areas if required: Permalink Nov 29, Here we give the accounting document type to be used in depreciation postings, for the company code.
Asset Accounting Configuration Steps in SAP FICO | Asset Accounting – SAP Training Tutorials
A t tachments 0 Page History. Asset master is created with asset number picked from number range assigned to asset class. In the Asset Accounting Module, we can categorize individual fixed assets into asset classes, and thus we can meet this requirement. Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly.
Click on Enter an acquisition value in the Book Depreciation column Enter the following ordinary depreciation values: Usually this is the book depreciation area You can assign several asset classes to the same account determination key. Company code is assigned to chart of depreciation. Some of these characteristics of fixed assets which necessitate a separate Asset accounting module, are given below: This facility of settlement is provided by the Asset accounting module.
This is the problem that you are facing. SAP can post the APC transactions of one depreciation area to the general ledger online automatically. This default applies when the financial statement version is contained in the sort version used for a given report. In addition to the manual transaction, there are three more methods for transferring legacy data automatically: Many values are derived from asset class while creating the master data.
Asset Accounting Configuration Steps in SAP FICO | Asset Accounting
In addition, you also have the feature Takeover values where you enter the Acquisition and Production costs and the accumulated depreciation values for the different depreciation areas. This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on.
Here check all the accounts that will be affected It will be take over value and the accum depreciation and save. A Table purchased may be booked as a configuuration asset linked to an asset class “Furniture”. Chart of depreciation has list of depreciation areas depending upon the accounting requirement. A chart of depreciation is a directory of depreciation areas confivuration according to business requirements.
Such feature is not accoubting in the normal GL Accounting. WelcomeGuest Login Register. The asset accounting module in SAP is one where the accounting pertaining to fixed assets is done. Each chart of depreciation contains the rules for the evaluation of assets that are valid in a specific country or economic area.
ASSET ACCOUNTING Configuration Steps
Take a report of the takeover value and accumulated depreciation Upload BDC for the account codes of the opening balances. The settlement profile includes settings on the allowed receivers of the settlement.
Enter a description of the old asset. All these configuration settings has been discussed below: Here we can define how the controlling area posting of cost required for each asset transaction type.