The document provides an overview of asset accounting configuration in SAP. It discusses copying a reference chart of depreciation and customizing it by deleting unnecessary depreciation areas. It also covers assigning input tax indicators for non-taxable asset acquisitions and assigning a chart of depreciation to a company code. The document contains step-by-step instructions for completing these configuration tasks in SAP.
The purpose of this document is to explain how to do some basic configuration in asset accounting.
An introduction is given how to create a new asset class in asset accounting, how to change account determination for an existing asset class and how to move these changes to the production environment.
Five Criteria for Designing a Chart of Accountseprentise
A useful chart of accounts provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Five fundamental criteria for chart of accounts design in Oracle E-Business Suite will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. Learn these criteria and how to design your own chart of accounts.
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Fixed Assets Accounting is very essential for matching costs with revenues. A fixed asset is an asset held with the intention of being used for producing goods. Check the above presentation for in-depth details.
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The purpose of this document is to explain how to do some basic configuration in asset accounting.
An introduction is given how to create a new asset class in asset accounting, how to change account determination for an existing asset class and how to move these changes to the production environment.
Five Criteria for Designing a Chart of Accountseprentise
A useful chart of accounts provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Five fundamental criteria for chart of accounts design in Oracle E-Business Suite will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. Learn these criteria and how to design your own chart of accounts.
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Fixed Assets Accounting is very essential for matching costs with revenues. A fixed asset is an asset held with the intention of being used for producing goods. Check the above presentation for in-depth details.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
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SAP Profit center accounting provides the information of an organization’s profit and loss. The method which can be utilized for profit center accounting is period accounting. Profit centers can be set-up to identify product lines, divisions, geographical regions, offices, production sites or by functions. Profit centers are used for internal control purposes enabling management the ability to review areas of responsibility within their organization. The difference between a cost center and profit center is that the cost center represents individual costs incurred during a given period.
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Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
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Bob Boule
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Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
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Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
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Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
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End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
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Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
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Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
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In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
1. LearnSAP.com
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Asset Accounting Configuration
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Intentionally Left Blank
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Table Of Contents
1. Overview of Fixed Assets 5
2. Copy reference chart of depreciation/ depreciation area 6
a. Specify description of chart of depreciation 10
b. Copy/delete chart of depreciation 13
3. Assign input tax indicator for non taxable acquisition 17
4. Assign Chart of Depreciation to Company Code 20
5. Specify Account Determination 22
6. Create Screen Layout Rules 24
7. Define Number Range Intervals 27
8. Define Asset Classes 32
9. Assign G/L accounts 38
10. Specify Document Types for posting of Depreciation 45
11. Specify Posting Keys for asset postings 47
12. Specify Intervals and Posting Rules 49
13. Determine Depreciation area in the Asset Class 51
14. Create Asset 56
15. External Acquisition with Vendor 60
16. Asset Explorer 65
17. Run Depreciation 68
18. Asset Explorer 75
19. Display/Change Item (New) 77
20. Retirement with Customer 80
21. Asset Explorer 85
22. Display/Change Item (New) 87
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23. Overview of Asset Under Construction (AUC) 89
24. Create an Asset under AUC Asset Class 90
25. External Acquisition with Vendor 93
26. Define/Assign Settlement Profile 97
27. Distribution 100
28. Asset Explorer 108
29. Overview of Law-Value Asset 110
30. Specify Max Amount for LVA + Asset 111
31. Specify Amount for Law-Value Asset 115
32. Create an Asset under LVA Asset Class 119
33. External Acquisition with Vendor 123
34. Overview of Intercompany Transfer 129
35. Create Asset under any asset class 130
36. External Acquisition without Offsetting entry 134
37. Transfer within Company Code 138
38. Asset Explorer 141
39. Asset Explorer in Information System 143
40. Conclusion and Credits
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1. Overview of Fixed Assets:
The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets
with the SAP R/3 System. In SAP R/3 Financial Accounting, it serves as a subsidiary ledger to
the FI General Ledger, providing detailed information on transactions involving fixed assets.
As a result of the integration in the R/3 System, Asset Accounting (FI-AA) transfers data directly
to and from other R/3 components. For example, it is possible to post from the Materials
Management (MM) component directly to FI-AA. When an asset is purchased or produced in-
house, you can directly post the invoice receipt or goods receipt, or the withdrawal from the
warehouse, to assets in the Asset Accounting component. At the same time, you can pass on
depreciation and interest directly to the Financial Accounting (FI) and Controlling (CO)
components. From the Plant Maintenance (PM) component, you can settle maintenance activities
that require capitalization to assets.
Types of Assets:
Tangible Asset: Assets having a physical existence, such as cash, equipment, and real
estate; accounts receivable are also usually considered tangible assets for accounting
purposes.
Intangible Asset: You can manage intangible assets, such as patents, the same as tangible
assets in the system. There are no special system functions for handling the needs of
intangible assets.
Asset under construction: They are usually displayed as a separate balance sheet item and
therefore need a separate account determination in their asset classes.
Low value asset: LVAs are fully depreciated in the year of purchase or in the period of
acquisition.
Leased Asset: Leased assets create special accounting requirements for the lessee. During
the term of the lease, leased assets remain the property of the lesser or manufacturer.
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2. Copy Reference 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.
SAP supplies typical reference charts of depreciation for each country. They have different
depreciation areas and depreciation keys depending on that country’s specific requirements. You
cannot use these charts of depreciation directly. You must create your own chart of depreciation
by copying the reference chart of depreciation. Delete any depreciation areas that are not needed.
Each depreciation area represents a specific type of valuation (for example, book depreciation or
tax depreciation). You can also define your own depreciation
The depreciation areas are defined with a two-digit numeric key. The numeric keys represent
depreciation terms that you can enter in the asset master record or in the asset classes. Values and
depreciation are posted to the general ledger.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structure ->
Copy Reference Chart of Depreciation/Depreciation Area
Click on execute button.
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Double click on Reference Chart of Depreciation
Click on Copy as button.
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Give Following information:
From Chart of dep.: Chart of dep. from where you want to copy
To Chart of dep.: Four digit identification for chart of dep.
Press Enter.
Press enter.
Press Enter.
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Press enter.
Click on Complete activities tab.
Go back.
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a. Specify Description of Chart of Depreciation:
Here you can change text of chart of depreciation
Double click on Specify Description of Chart of Depreciation.
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Click on Position and give you chart of dep..
Press enter.
Select your chart of dep. And change Description.
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Press save button.
Press enter.
Go back.
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b. Copy/Delete description Areas:
Double click on Copy/Delete description Areas:
When you create a chart of depreciation, the system copies all of the depreciation areas in the
reference chart of depreciation. You have to delete any depreciation areas that you do not need in
your chart of depreciation.
Give your Chart of dep.
Press enter.
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Select 11,12,13,17,31,32,40 and 50.
Press delete button.
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You see the message.
Press save button.
Press Yes.
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3. Assign Input tax indicator for Non-Taxable Acquisition:
You specify an input tax indicator per company code. The system then uses this indicator when
you post acquisitions that are not subject to tax, but which are posted to accounts that are tax-
relevant.
An acquisition of this type is an acquisition from in-house production. In the Asset Accounting
posting transaction for this acquisition, the input tax indicator is not ready for input.
IMG -> Financial Accounting ( New) -> Asset Accounting -> Integration with the
General Ledger -> Assign Input Tax Indicator for Non- Taxable Acquisitions
Click on execute button.
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Click on Position and give your company code.
Press enter and give input and output tax. ( You can give V0 for Input tax and A0 for output tax.
Press save button.
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4. Assign chart of depreciation to company code:
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Assign Chart of Depreciation to Company Code
Click on execute button.
Click on Position button and give your company code.
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Press enter and give your chart of depreciation.
Press enter.
Press save button.
Press enter.
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5. Specify Account Determination:
Using the Asset Accounting component, 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. This update takes place
immediately online for the master depreciation area.
You enter the account determination key in the general master data for the asset class. The
account determination key defines the accounts in Financial Accounting that should be posted
during asset transactions, for each chart of accounts and depreciation area (defined as an
automatic posting area) in the chart of depreciation.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Asset Classes -> Specify Account Determination
Click on execute button.
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Before you create account determination you must create following G/L accounts under asset
account group:
1310 - Building Recon G/L account
1410 - Machinery Recon G/L account
1510 - LVA Recon G/L account
1610 - AUC Recon G/L account
We will create account determination same as our asset g/l account numbers.
Press save button.
Press enter.
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6. Create Screen Layout Rules:
The screen layout specifies the status of the fields in the asset master record. You use the screen
layout to determine if fields are required entry or optional entry fields, or if they are suppressed
completely, for example.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Asset Classes -> Create Screen Layout Rules
Click on execute button.
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We will copy screen layout. Select 1003, 1500, 1600 and 1800 screen layout.
Click on Copy as button.
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