SAP FI Asset Accounting Entries

29,716 views

Published on

This document relates to SAP FI Asset Accounting Transactions. I have prepared in the name of SAPTAC. Copyrights belongs to SAPTAC Bangalore.

Published in: Education
11 Comments
28 Likes
Statistics
Notes
  • this is very good presentation and helful for all
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Thank you Pramila !!!
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • can u plz send it to my mail moutanu.de@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • can u plz send it to my mail purnachandra.nadimpalli@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Pls share it at rshakir7@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
No Downloads
Views
Total views
29,716
On SlideShare
0
From Embeds
0
Number of Embeds
44
Actions
Shares
0
Downloads
1,320
Comments
11
Likes
28
Embeds 0
No embeds

No notes for slide

SAP FI Asset Accounting Entries

  1. 1. SAP ACCOUNTING ENTRIES SAP FI ASSET ACCOUNTING TRANSACTIONSPrepared By: Ms.Pramila Nagaraj First Class MBA Finance Graduate (2009-10) Global Academy of Technology, Bangalore (VTU- Belgaum) Trained up in SAP FICO @ SAPTAC Bangalore (FRESHER) © 2010-2012 ALL RIGHTS RESERVED
  2. 2. SAP FI Asset Transactions – Accounting Entries:Asset Acquisition: F-90 - With VendorDr. Fixed Asset – Acquisition CostCr. Vendor (Accounts payable)  Posting date of the document will be copied into the asset master as the capitalization date.  The depreciation start date of each depreciation area will also be determined and updated in the depreciation area data tab page.  Asset acquisition posting could also be done without PO from the MM module.  Posting could be done in FI posting only.Asset Disposal – Sales to a Customer: F-92 - With CustomerSupposed an asset with historical cost $1,000 and accumulated depreciation of $100 isbeing sold to a customer at a price of $1,100, the posting entries will be as follows:Dr. Customer account (A/R) 1,100Cr. Revenue for asset disposal 1,100-Cr. Fixed asset – acquisition cost 1,000-Dr. Accumulated depreciation 100Dr. Clearing account for asset disposal 1,100Cr. Gain/loss of fixed asset disposal 200-The posting date of the retirement posting will also be updated into the field "deactivationdate" in the asset master as the retirement date.Asset Disposal – Scrap without Revenue ABAVN - Asset Retirement by ScrappingInstead of selling, an asset could be disposed as a scrap. In this case, no revenue isexpected and a loss will be realized in the P&L if the fixed asset being scrapped stillcarries a net book value.For the same asset with historical cost $1,000 and accumulated depreciation of $100, theposting of the scrapping will be as follows:Cr. Fixed asset – acquisition cost 1,000-Dr. Accumulated depreciation 100Cr. Gain/loss of fixed asset disposal 900 © 2010-2012 ALL RIGHTS RESERVED
  3. 3. Asset Transfer within a Company – Re classificationThe NBV of an existing asset master record could be transferred to another asset withinthe same company. The transaction could be used in the following scenarios: Reclassify an existing asset to a new class or to correct an error Transfer an asset to a new one with the same class.This may be necessary to execute the change of the remaining useful life of an asset butstill spread the net book value evenly throughout the remaining life without allowing thesystem to catch up the postings of the missing or extra depreciation of the past periodsFor an asset with historical cost $1,000 and accumulated depreciation of $100, the postingof the intra-company transfer posting will be follows:Cr. Fix asset – acquisition cost (old asset) 1,000-Dr. Accumulated depreciation (old asset) 100Dr. Fix asset – acquisition cost (new asset) 1,000Cr. Accumulated depreciation (new asset) 100-The old asset being transferred will become a retired asset and the transfer posting datewill be updated as the retirement date in the asset master record.For the new receiving asset, the transfer will be the same as if it is being acquired.The transfer posting date will be used as the capitalization date.Month End Processing – Depreciation Run AFAB-Depreciation RunDr. Depreciation expenseCr. Accumulated depreciationNote that the above posting to G/L will be done in a summary level by G/L accounts andcost centre levels because the depreciation expense has to be charged to cost centre inCO. However, the detailed depreciation amount of each asset will also be stored in AssetAccounting such that each unique asset master record will also have its unique posteddepreciation amount. Besides, after each depreciation run, the system will issue a reportwhich list out the depreciation posting amount of each individual assets as a record. Thisis advised that this report should be kept as an additional audit trail. © 2010-2012 ALL RIGHTS RESERVED
  4. 4. Asset Under Construction (AUC) Config & Process Steps:Internal Order as Investment Measure:1. Define the AuC Asset Class (with investment measure) - OAOA2. Define the Asset Class – for Main Asset - OAOA3. Define Investment Profile - OITA a. Assign the AuC Asset Class (Step-1) in the investment profile4. Assign Investment Profile to Model Order - OITA5. Define Order Type (Investment) - KOT2 a. Settlement Profile - OKO7 b. Maintain Allocation Structures - OKO6 c. Planning Profile - OKOS d. Budget Profile - OKOB6. Create an Internal Order - KO01 a. With the Investment Profile (Step-2) b. AuC automatically created by the system using Asset Class given in theInvestment Profile7. Post the amounts to IO - FB01Dr. Material supplied to Asset (Expenditure)Cr. Cash account8. Settle the amounts to AuC from IO (Prcg type: Automatic) - KO88Dr. Asset Under Construction accountCr. Contra Capitalized9. Create the Main Asset - AS0110. Settle the amounts to Main Asset from AuC (Prcg type: Full) - KO88Dr. Final Asset accountCr. Asset Under Construction account © 2010-2012 ALL RIGHTS RESERVED
  5. 5. AuC using Line Item Settlement:1. Define the AuC Asset Class (with Line Item Settlement) - OAOA2. Define the Asset Class – for Main Asset - OAOA3. Define Order Type (Overhead) - KOT24. Create an AuC-Asset (using Step-1 Asset Class) - AS015. Create an Internal Order - KO01 a. Assign the AuC – Asset in Settlement Rule in IO6. Post the amounts to IO - FB017. Settle the amounts to AuC from IO - KO888. Create Main Asset (using Step-2 Asset Class) - AS019. Assign the Main Asset in IO (Step-5) - KO0210. Settlement AuC – Line Item List – AIAB11. Settlement AuC - Receiver - AIBU © 2010-2012 ALL RIGHTS RESERVED

×