This document provides an overview of asset accounting in SAP. It discusses topics like asset classes, master records, acquisition, retirement, depreciation runs and their configuration. Asset accounting allows tracking of fixed assets, depreciation and retirement/sale of assets. Master records contain details of individual assets and depreciation keys define the calculation methods and rates. Acquisition and retirement of assets are processed through asset accounting. Periodic depreciation runs charge depreciation and update general ledger accounts.
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
This Doc gives complete Fair Knowledge of R12 EBS ORACLE ASSETS , rather than wasting productivity time by reading of 100 pages what is EBS R12 ASSETS FEATURES and Functions
This presentation covers Fixed Assets for SAP Business One Version 9.0,
After completing this topic, you will be able to:
Explain the process of managing fixed asset items.
Recognize key terms in the Fixed Assets solution.
Identify the relevant sub-menu and windows in SAP Business One.
FAMS is a fixed assets management and depreciation accounting software suitable for companies in India. It takes care of provisios of Companies Act, Income-tax Act and accounting standrads
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
Fixed Asset Process activities, end to end activities of fixed asset in the company, capitalisation, journal entries, fixed asset cycle, procurement cycle, types of depreciation, depreciation methods, Cost and management course study material
This Doc gives complete Fair Knowledge of R12 EBS ORACLE ASSETS , rather than wasting productivity time by reading of 100 pages what is EBS R12 ASSETS FEATURES and Functions
This presentation covers Fixed Assets for SAP Business One Version 9.0,
After completing this topic, you will be able to:
Explain the process of managing fixed asset items.
Recognize key terms in the Fixed Assets solution.
Identify the relevant sub-menu and windows in SAP Business One.
FAMS is a fixed assets management and depreciation accounting software suitable for companies in India. It takes care of provisios of Companies Act, Income-tax Act and accounting standrads
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
Fixed Asset Process activities, end to end activities of fixed asset in the company, capitalisation, journal entries, fixed asset cycle, procurement cycle, types of depreciation, depreciation methods, Cost and management course study material
Enterprise Resource Planning System includes various modules that reduce any business's workload. Additionally, it organizes the workflows, which drives towards enhancing productivity. Here are a detailed explanation of the ERP modules. Going through the points will help you understand how the software is changing the work dynamics.
To know more details here: https://blogs.nyggs.com/nyggs/enterprise-resource-planning-erp-system-modules/
Software Engineering, Software Consulting, Tech Lead.
Spring Boot, Spring Cloud, Spring Core, Spring JDBC, Spring Security,
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Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
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Come join this talk to see some tips and tricks for using Quarkus and some of the lesser known features, extensions and development techniques.
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The alleged breach affected Europol agencies CCSE, EC3, Europol Platform for Experts, Law Enforcement Forum, and SIRIUS. Infiltration of these entities can disrupt ongoing investigations and compromise sensitive intelligence shared among international law enforcement agencies.
However, this is neither the first nor the last activity of IntekBroker. We have compiled for you what happened in the last few days. To track such hacker activities on dark web sources like hacker forums, private Telegram channels, and other hidden platforms where cyber threats often originate, you can check SOCRadar’s Dark Web News.
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2. Topics
A) Asset Accounting
B) Chart of Depreciation,
C) Account Determination
D) Screen Layout & Number Ranges
E) Asset Class & Master Records
F) Acquisition of Assets
G) Retirement of Assets
H) Depreciation Run
5. Asset Accounting
• This sub-ledger allows you to maintain all
fixed assets.
• The asset values including cost of asset,
depreciation value and retirement (sale
value) of asset are maintained in detail in
the Asset chart (Register).
• The asset’s life, depreciation rates,
depreciation methods are handled very
neatly in the system.
6. • Various reports are available to view asset
values –
- Asset explorer
- Asset account balances
- Asset history sheet
- Depreciation reports (According to
Company Act and Income Tax Act)
Asset Accounting
7. Asset Accounting customization
• The customization includes –
- Chart of depreciation
- Asset account determination
- Screen layout rules
- Number ranges
- Asset class
- For Depreciation –
- Depreciation key which includes
- Calculation methods
- Rate and style (Straight line/ Diminishing
balance)
These depreciation keys are attached to each
depreciation area in the asset master record.
9. • Chart of Depreciation
Charts of depreciation are used in order to
manage various legal requirements for the
depreciation and valuation of assets. These
charts of depreciation are usually country-
specific and are defined independently of the
other organizational units. A chart of
depreciation, for example, can be used for all
the company codes in a given country.
12. • Asset account determination
You can automatically update all relevant
transactions to the general ledger. These
include all accounting transactions that are
posted to assets, and all changes to asset
values that are automatically calculated by
the system (particularly depreciation). This
update takes place immediately online for
one depreciation area, or as part of periodic
processing for all depreciation areas.
- In short, this is link between your asset and
general ledger.
15. • Screen Layout rule
- For maintaining master record you must configure
screen layout (field status). You can specify which
fields are required, optional and suppressed and at
what level they will be used either asset class
(broader level) or individual asset level (micro
level).
• Number Range interval
To identify the asset with particular number or id
this number ranges are required to maintain.
• Asset class
This is nothing but classification of asset according
to the type of asset, for e.g. building, vehicles,
furniture & fixture and so on…
Here you need to link Account determination,
screen layout rule and number range interval.
21. Asset master record
• Details of individual asset are recorded in this
master data. Each master record includes –
- description
- quantity & unit of measure (if required)
- needs asset history?
- allocation to business area, cost center,
plant and others if any
- value of asset, date of capitalization
- depreciation key per depreciation area
- life of asset, start date of deprecation
Some details are updated in this after acquisition.
25. • Asset acquisition
Asset can be acquisited (purchased) and recorded in
the asset accounting via MM or directly. This means
you can go through complete cycle of MM for
purchase of an asset. You can even create asset at
entry level (purchase requisition or purchase order).
After invoice (from MM or asset accounting ) only
the asset will be recorded in the books of accounts.
The posting date and amount will be considered as
acquisition / capitalization date and acquisition
value on and from which depreciation will be
charged up to and according to useful life and
depreciation key mentioned in the asset master
record.
26.
27. • Asset Explorer (report)
This report shows complete details of asset
valuation. It shows –
- Acquisition value and date
- Depreciation amount on periodical basis
- Value comparison up to and throughout
useful life
- Depreciation key and depreciation start
date
- Allocation or assignment (PO number,
vendor, cost center, GL account)
30. • Retirement (Sale) of Asset
- The sale of asset is disposal (removal) from your
books of accounts.
- System allows you to sale the asset on part or
fully (complete) basis.
- Considering the date of sale and value of asset,
system calculates and updates gain or loss from
sale of asset and depreciation for the said period.
The asset gets deactivated (if it is sold fully) and
stops to use the same for any further transactions.
34. • Depreciation
The depreciation is charged on all assets in
your company code for the given period of a
fiscal year. The document entry for
depreciation gets posted in the background as
soon as you execute ‘Depreciation Run’.
- While posting these entries system checks
for the parameters like rate and date and
method (SLM/WDV).
- The values are updated in ‘Asset
Accounting’ and in the ‘GL’. Separate
documents gets posted in both modules.