The document discusses key concepts in SAP asset accounting including: asset classes are used to group assets and apply default values; depreciation areas allow calculating asset values in parallel for different purposes; the chart of depreciation defines depreciation rules per company code; and standard reports provide asset balances, depreciation analysis, and asset histories.
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
A presentation on Property, Plant & Equipment (PPE)-IAS 16, Prepared by a few students of Dept. of Accounting & Info. Systems, Jahangirnagar University, Savar, Dhaka
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
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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
A presentation on Property, Plant & Equipment (PPE)-IAS 16, Prepared by a few students of Dept. of Accounting & Info. Systems, Jahangirnagar University, Savar, Dhaka
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
Hi Everyone,
In this Powerpoint Presentation I have discussed about the Accounting Standard-10 on Property, Plant & Equipment issued by ICAI. I have covered all the major topics such as measurement of PPE, Depreciation(Which was previously covered under AS-6 now deleted), Initial Recognition, Subsequent Recognition etc.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Framework of sap mm blueprint by pennonsoftPennonSoft
Pennonsoft is one of the leading top Training and Consulting Company in USA, with a good placement track record. We have certified trainers. We will provide Online Training, Fast Track online training, with job assistance. We are providing excellent Training in all courses. Faculty from top MNC’s with highly skilled domain expertise will Train & Guide you with real time examples, project explanation. We also help you in resume preparation and provide job assistance till you get job.
Our Training Features:
*Online training by certified / experienced Trainers
* Training with Real time Scenarios
* Exercise Handouts / Course pack and Visual Navigations
* Certification Oriented Material, E-Books, Online Doubts Clarification
*Video Navigation Files
*Audio/Visual Presentations
*Certification Preparation Guidance /Mock Tests
*Computer Based Training Files
*Exploring the phases of the Full Life Cycle Implementation
* Exploring Functional/Technical Documentation
*Tips and Techniques for Preparing Certification
* Support candidate in resume preparation, interview preparation
What We Offer You:
*Excellent faculties from all parts of the world – US
* Who got vast experience working with Top-Notch US companies for several years
*Premarketing: Our Premarketing team will assist you with Technical
* Screening, Resume guidance, interview orientation sessions and mock-interviews, before we actually start marketing
* Presentations/ seminars on Real-time scenarios by senior consultants who shares business scenarios and interview questions
* On-job support for the first few months to build your confidence
*100% success rate for motivated and hard-working trainees.
Courses Weoffer:
Hyperion: Essbase, Planning, DRM, HFM, DQM
Oracle: APPS R12 Functional, Project Accounting
DWH: Datastage, Cognos, Cognos TM1, Informatica, Ab initio, Teradata, MSBI, Microstrategy, OBIEE, Oracle Data Integrator (ODI), BODI
SAP : GTS, FICO, BPC, HANA, IS Retail, GRC, BO, BW/BI, FSCM, BASIS, HR/HCM, MDM, SCM, CRM 7.0, BODS, Net weaver, Security, ABAP HR, EP Development, ABAP Workflow,………..and ALL SAP MODULES
Other Courses: Hadoop, Sales Force CRM, Cloud Computing, Crystal Reports……Etc.
Note: We can customize any COURSE as per your requirement.
Contact Us
Pennonsoft Info Solutions.
Broad St, Greendale,
WI 53129
Call us : (414) 433-4823 / (414) 433-4825
Hi Everyone,
In this Powerpoint Presentation I have discussed about the Accounting Standard-10 on Property, Plant & Equipment issued by ICAI. I have covered all the major topics such as measurement of PPE, Depreciation(Which was previously covered under AS-6 now deleted), Initial Recognition, Subsequent Recognition etc.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Framework of sap mm blueprint by pennonsoftPennonSoft
Pennonsoft is one of the leading top Training and Consulting Company in USA, with a good placement track record. We have certified trainers. We will provide Online Training, Fast Track online training, with job assistance. We are providing excellent Training in all courses. Faculty from top MNC’s with highly skilled domain expertise will Train & Guide you with real time examples, project explanation. We also help you in resume preparation and provide job assistance till you get job.
Our Training Features:
*Online training by certified / experienced Trainers
* Training with Real time Scenarios
* Exercise Handouts / Course pack and Visual Navigations
* Certification Oriented Material, E-Books, Online Doubts Clarification
*Video Navigation Files
*Audio/Visual Presentations
*Certification Preparation Guidance /Mock Tests
*Computer Based Training Files
*Exploring the phases of the Full Life Cycle Implementation
* Exploring Functional/Technical Documentation
*Tips and Techniques for Preparing Certification
* Support candidate in resume preparation, interview preparation
What We Offer You:
*Excellent faculties from all parts of the world – US
* Who got vast experience working with Top-Notch US companies for several years
*Premarketing: Our Premarketing team will assist you with Technical
* Screening, Resume guidance, interview orientation sessions and mock-interviews, before we actually start marketing
* Presentations/ seminars on Real-time scenarios by senior consultants who shares business scenarios and interview questions
* On-job support for the first few months to build your confidence
*100% success rate for motivated and hard-working trainees.
Courses Weoffer:
Hyperion: Essbase, Planning, DRM, HFM, DQM
Oracle: APPS R12 Functional, Project Accounting
DWH: Datastage, Cognos, Cognos TM1, Informatica, Ab initio, Teradata, MSBI, Microstrategy, OBIEE, Oracle Data Integrator (ODI), BODI
SAP : GTS, FICO, BPC, HANA, IS Retail, GRC, BO, BW/BI, FSCM, BASIS, HR/HCM, MDM, SCM, CRM 7.0, BODS, Net weaver, Security, ABAP HR, EP Development, ABAP Workflow,………..and ALL SAP MODULES
Other Courses: Hadoop, Sales Force CRM, Cloud Computing, Crystal Reports……Etc.
Note: We can customize any COURSE as per your requirement.
Contact Us
Pennonsoft Info Solutions.
Broad St, Greendale,
WI 53129
Call us : (414) 433-4823 / (414) 433-4825
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
SAP Asset accounting book Sample PDF by LearnSAPLearnSAP LLC
http://www.learnsap.com/sap-study-material.php
SAP Asset accounting step by step study sample material - visit our website http://www.learnsap.com/sap-study-material.php for complete access of printed hardcopy.
These SAP step by step study guides are carefully written by experienced and certified instructors based in the USA
Call +1-832-419-7371 for more details
Unleash Unlimited Potential with One-Time Purchase
BoxLang is more than just a language; it's a community. By choosing a Visionary License, you're not just investing in your success, you're actively contributing to the ongoing development and support of BoxLang.
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoamtakuyayamamoto1800
In this slide, we show the simulation example and the way to compile this solver.
In this solver, the Helmholtz equation can be solved by helmholtzFoam. Also, the Helmholtz equation with uniformly dispersed bubbles can be simulated by helmholtzBubbleFoam.
Globus Compute wth IRI Workflows - GlobusWorld 2024Globus
As part of the DOE Integrated Research Infrastructure (IRI) program, NERSC at Lawrence Berkeley National Lab and ALCF at Argonne National Lab are working closely with General Atomics on accelerating the computing requirements of the DIII-D experiment. As part of the work the team is investigating ways to speedup the time to solution for many different parts of the DIII-D workflow including how they run jobs on HPC systems. One of these routes is looking at Globus Compute as a way to replace the current method for managing tasks and we describe a brief proof of concept showing how Globus Compute could help to schedule jobs and be a tool to connect compute at different facilities.
Code reviews are vital for ensuring good code quality. They serve as one of our last lines of defense against bugs and subpar code reaching production.
Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
In this session we will cover:
- The Art of Effective Code Reviews
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- Elevating Reviews with Automated Tools
By the end of this presentation, you'll have the knowledge on how to organize and improve your code review proces
Navigating the Metaverse: A Journey into Virtual Evolution"Donna Lenk
Join us for an exploration of the Metaverse's evolution, where innovation meets imagination. Discover new dimensions of virtual events, engage with thought-provoking discussions, and witness the transformative power of digital realms."
Experience our free, in-depth three-part Tendenci Platform Corporate Membership Management workshop series! In Session 1 on May 14th, 2024, we began with an Introduction and Setup, mastering the configuration of your Corporate Membership Module settings to establish membership types, applications, and more. Then, on May 16th, 2024, in Session 2, we focused on binding individual members to a Corporate Membership and Corporate Reps, teaching you how to add individual members and assign Corporate Representatives to manage dues, renewals, and associated members. Finally, on May 28th, 2024, in Session 3, we covered questions and concerns, addressing any queries or issues you may have.
For more Tendenci AMS events, check out www.tendenci.com/events
TROUBLESHOOTING 9 TYPES OF OUTOFMEMORYERRORTier1 app
Even though at surface level ‘java.lang.OutOfMemoryError’ appears as one single error; underlyingly there are 9 types of OutOfMemoryError. Each type of OutOfMemoryError has different causes, diagnosis approaches and solutions. This session equips you with the knowledge, tools, and techniques needed to troubleshoot and conquer OutOfMemoryError in all its forms, ensuring smoother, more efficient Java applications.
We describe the deployment and use of Globus Compute for remote computation. This content is aimed at researchers who wish to compute on remote resources using a unified programming interface, as well as system administrators who will deploy and operate Globus Compute services on their research computing infrastructure.
Listen to the keynote address and hear about the latest developments from Rachana Ananthakrishnan and Ian Foster who review the updates to the Globus Platform and Service, and the relevance of Globus to the scientific community as an automation platform to accelerate scientific discovery.
AI Pilot Review: The World’s First Virtual Assistant Marketing SuiteGoogle
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(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
Quarkus Hidden and Forbidden ExtensionsMax Andersen
Quarkus has a vast extension ecosystem and is known for its subsonic and subatomic feature set. Some of these features are not as well known, and some extensions are less talked about, but that does not make them less interesting - quite the opposite.
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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Providing Globus Services to Users of JASMIN for Environmental Data AnalysisGlobus
JASMIN is the UK’s high-performance data analysis platform for environmental science, operated by STFC on behalf of the UK Natural Environment Research Council (NERC). In addition to its role in hosting the CEDA Archive (NERC’s long-term repository for climate, atmospheric science & Earth observation data in the UK), JASMIN provides a collaborative platform to a community of around 2,000 scientists in the UK and beyond, providing nearly 400 environmental science projects with working space, compute resources and tools to facilitate their work. High-performance data transfer into and out of JASMIN has always been a key feature, with many scientists bringing model outputs from supercomputers elsewhere in the UK, to analyse against observational or other model data in the CEDA Archive. A growing number of JASMIN users are now realising the benefits of using the Globus service to provide reliable and efficient data movement and other tasks in this and other contexts. Further use cases involve long-distance (intercontinental) transfers to and from JASMIN, and collecting results from a mobile atmospheric radar system, pushing data to JASMIN via a lightweight Globus deployment. We provide details of how Globus fits into our current infrastructure, our experience of the recent migration to GCSv5.4, and of our interest in developing use of the wider ecosystem of Globus services for the benefit of our user community.
First Steps with Globus Compute Multi-User EndpointsGlobus
In this presentation we will share our experiences around getting started with the Globus Compute multi-user endpoint. Working with the Pharmacology group at the University of Auckland, we have previously written an application using Globus Compute that can offload computationally expensive steps in the researcher's workflows, which they wish to manage from their familiar Windows environments, onto the NeSI (New Zealand eScience Infrastructure) cluster. Some of the challenges we have encountered were that each researcher had to set up and manage their own single-user globus compute endpoint and that the workloads had varying resource requirements (CPUs, memory and wall time) between different runs. We hope that the multi-user endpoint will help to address these challenges and share an update on our progress here.
Check out the webinar slides to learn more about how XfilesPro transforms Salesforce document management by leveraging its world-class applications. For more details, please connect with sales@xfilespro.com
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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/
2. Asset Accounting
AA Overview
Asset Accounting as a Sub-ledger
Asset Class
Chart of Depreciation
Master Data
Create/Change Asset Master Record
Acquisitions
Settlement of an Asset Under Construction (AUC)
Retirement
Depreciation
4. Asset Accounting is a subsidiary ledger of Financial Accounting.
The appropriate General Ledger accounts are updated each time
you post.
Overview: Asset Accounting as a Sub-Ledger
Asset account Vendor
Assets Liabilities
General Ledger
1000 1000
1000 1000
5. The asset class is used to:
sub-classify the General ledger accounts and
group master records by specific criteria.
Overview: Asset Classes
7. Asset Classes
Asset Classes Configured
910000 Land
910001 Building
910002 Plant and Machinery
910003 Vehicles
910004 Asset under construction
8. Functions of the Asset Class
Assets
Asset Class
Account
allocation
Screen
layout
Number
assignment
Special
features
Default
values
Selection
features
Assets Liabilities
Asset portfolio
Real estate
Machinery
Finance. assets
Fixtures+fit.
. . .
. . .
. . .
Bal. sheet items
Acct. determination
Asset class
Lathe
02200000
Create
asset
Drill
press
02115000
1
9. Functions of the Asset Class
The asset class contains default values and control elements which are
passed on to the individual assets when you open a new asset master
record.
By entering useful default values, you reduce time and effort needed for
creating new asset master records. You also ensure that the records in a
given class are handled uniformly.
The asset class is the most important criteria for structuring fixed assets
from an accounting point of view. Every asset has to be assigned to
exactly one asset class. The asset class is used to assign the assets (and
their business transactions) to the correct general ledger accounts. The
most important tasks of the asset classes are:
The assignment of default values when creating assets (particularly
depreciation terms)
The grouping of assets for reporting purposes
10. Definition of the Asset Classes
Client level
Account allocation
Screen layout rule
Number range
Default values
Chart of depreciation
level
Section for
valuation data
Selection of
depreciation areas
Default values
Master data
section
Asset classes
11. Asset Classes in the Chart of Depreciation
Areas
Depreciation
key
Proposed
useful life
Minimum
useful life
Maximum
useful life
Book dep.
10/00
_
_
DG30
decl-bal.
3 X
Tax dep.
10/00
_
_
SNFG
invest.
support
Group
8/00
_
_
LINR
str.-line
Book dep.
12/00
_
LINB
str.-line
Group
8/00
_
_
LINR
str.-line
ACRS
. . . .
_
_
. . . .
. . . .
. . . .
8/00
. . . . . .
Class
Chart of
depreciation
Machines
USA
Germany
1
12. Points from the Asset Class / Dep’n Slide
The Chart of Depreciation is assigned to company code, therefore a class
may have multiple Charts of Depreciation relevant to it.
The asset classes are valid across company codes. The catalog of asset
classes, therefore, applies uniformly to all company codes. This is true,
even if the company codes use different charts of depreciation, and
therefore different depreciation areas
You can assign different charts of depreciation to an asset class, so that
all assets in this class will be treated differently in each country.
13. 15
Transaction type groups
Special Asset Class: AuC
Class: Assets u. const.
Extras
AuC status
Down payment
16 Down payment carried forward
from previous years
AuC managed as total
line item settlement
capital investment measure
depreciation
areas
deprec.
key
Book dep. 0000
Tax dep. 0000
Cost-acc. LINA
negative values allowed
depreciation is not calculated in
depreciation areas intended for the
balance sheet
14. AUC without line item settlement
Assets under construction in this asset class are managed without the
option of line-item final settlement to receiver assets or cost centers. As a
result:
Only complete transfers or simple partial transfers are possible (in other
words, you can only transfer either prior-year acquisitions or current-year
acquisitions in one given posting transaction).
You can only transfer to one target asset per posting transaction. You
have to enter the amount of the transfer manually.
There is no connection to the original asset under construction in the
capitalized asset. Therefore, there is no exact proof of origin for the original
postings.
15. Assets under Construction with Line item settlement
Assets under construction in this asset class are managed with the option
for final line item settlement to receiving assets or cost centers. As a result:
On the capitalized asset, you can then see the relationship between the
capitalized asset and original postings to the asset under construction - you
can accurately identify the origin of the postings.
AUC’s can be settled to multiple final assets / asset classes
16. Assets under Construction from Investment measure
Assets under construction in this asset class to be created solely for
capital investment measures (internal orders or projects).
The assets in this class can not then be directly created and posted in
Asset Accounting. The assets can only be processed by means of an
order or WBS element, to which they are assigned.
17. AUC Asset Class: Points from previous slide
Assets under construction require their own asset class.
Choosing the depreciation key ‘0000’ ensures that depreciation is not
calculated for the asset under construction in depreciation areas that are
posted to the balance sheet.
Assets under construction have to be shown separately in the balance
sheet.
The component IM (Investment Management) is available for managing
more extensive asset investments from a controlling-oriented perspective.
There are three asset classes for Assets Under Construction configured.
These are:
Asset under Construction
Asset under Construction with Line item settlement
Asset under Construction from Investment measure
18. AUC Asset Class: Points from previous slide
Assets under construction require their own asset class.
Choosing the depreciation key ‘0000’ ensures that depreciation is not
calculated for the asset under construction in depreciation areas that are
posted to the balance sheet.
Assets under construction have to be shown separately in the balance
sheet.
The component IM (Investment Management) is available for managing
more extensive asset investments from a controlling-oriented perspective.
There are three asset classes for Assets Under Construction configured.
These are:
Asset under Construction
Asset under Construction with Line item settlement
Asset under Construction from Investment measure
19. Overview: Depreciation Areas
You will generally need values for fixed assets for various
business and legal purposes (for example, for book
depreciation, cost-accounting depreciation and so on). In the
R/3 FI-AA system, it is therefore possible to manage values
in parallel in as many depreciation areas as you want.
20. The Chart of Depreciation
Chart of
depreciation
Depreciation
area 01
Depreciation
area 02
Depreciation
area 03
Depreciation
area 20
Book
deprec.
Tax
deprec.
Special
reserves
Cost-acc.
deprec.
Depreciation
area 30
Group
deprec.
21. Depreciation Charts/Areas in A Ltd.
Depreciation Charts:
Z910: Chart of Depreciation: A Ltd
Depreciation Areas:
01: Local reporting Y1
02: Parent reporting Y2
31 Consolidated balance sheet in group currency
32 Book depreciation group currency (profit center)
There is no set relationship defined in the system between the chart
of accounts and chart of depreciation.
Company codes in Financial Accounting are assigned to a chart of
depreciation – refer following slide.
22. Asset Accounting Company Code
Chart of accounts Chart of
depreciation
Financial Accounting
Company Code
+
Data for Asset Accounting
Asset Accounting Company
Code
=
24. Creating the Asset Master Record
using a reference
using asset class
taking over the default
values from the asset class
'copying' an
existing asset
Create
asset
25. Time-Dependent Data
ASSET MASTER RECORD
- Time-dependent data -
Enter period under consideration
Valid from MMDDYYYY
Valid to MMDDYYYY
Cost center A from 01/12/YY to 08/27/YY
Cost center B from 08/28/YY to 11/30/YY
Cost center C from 12/01/YY to 03/14/YY
. . . . .
. . . . .
. . . . .
New Interval
01
26. Master Data Creation/Change: Key Points
When you create the asset master record, you have two
options:
Use the asset class, to which the asset will belong, to
provide default values. The asset class then supplies the
most important control parameters in the asset master
record.
Use an existing asset as a reference for creating the
new asset master record.
Some information in the asset master record can be
managed as time-dependent data. This is of particular
significance for cost accounting assignments (for example,
cost center, order, project).
28. Asset transaction posted
using clearing account (not
integrated)
Accounts Payable
Assets
Fixed Asset Vendor
100
100
General Ledger
Assets
Fixed Asset Clg Acct
100
100
Accounts Payable
Assets
Fixed Asset Vendor
100
100
Asset transaction integrated
with Accounts Receivable or
Accounts Payable
100
Acquisition
purchase
110
Acquisition in-
house
production
Aqcuisition with Vendor
Aqcuisition with Auto-offsetting Entry
Asset Acquisition - Integration
(Only for direct Asset purchases)
(Only for direct Asset purchases)
No PO
Asset transaction posted
from Materials Management
(MM)
MM
Aqcuisition with MM-PO
29. Purchase Requisition
Purchase Order
Goods Receipt
Goods Receipt
Invoice Receipt
Building
or
required
Valuated Non-Valuated
Create Master Record
With assignment to
WBS
Asset Acquisition – MM Integration
WBS
Assignment of
Internal Orders
To manage
budget
expenditure
31. Assets can be retired:
With Revenue
Without Revenue (scrapped)
Retirement
32. Please retire me, I am
no longer productive Types of asset retirement
1. Retirement with revenue - selling
of an asset either at a
market price, net book value or
other settlement price
2. Retirement without revenue -
writing off an asset which is
no longer productive or has no
residual value
Asset Retirement: Types
33. 1
2
3
Retirement: - Acquis . date 01/01/20xx - 1, APC = 6000
- Complete retirement of APC on 03/15/20xx
- Revenue 4000 + 400 sales tax
APC
Amount retired
APC
APC
Amount retired
Amount retired
A/R posting
Customer
Customer
4400
4000
Revenue
Revenue
Asset Retirmt
Asset Retirmt
4000
4000
Assets posting
Asset
6000
700
Clearing of
Asset Retirmt
4000
Loss
1300
6000
Proportional value adjustment
Clearing of retirement
Proportional
Proportional value adjustment
value adjustment
Clearing
Clearing of retirement
of retirement
4
P+L or FinStmt Notes
P+L
2
1 4
3
210
Retirement
sale
200
Retirement
scrapping
Asset Retirement w/ Customer : Accounts
35. SAP supports the following direct types of depreciation:
Ordinary Depreciation: planned reduction in asset value due
to normal wear and tear.
Special Depreciation: depreciation that is solely based on tax
regulations.
Unplanned Depreciation: depreciation resulting from unusual
circumstances, such as damage to the asset, that lead to a
permanent reduction in its value.
Depreciation
36. The depreciation areas are identified in the system by a two-character
numeric key. You make this specification in the asset classes, and can
define it directly in the given asset master record.
The system allows you to define an almost indefinite number of
depreciation areas. This feature enables you to handle a large number of
different types of valuation in parallel.
You define the required depreciation keys per chart of depreciation.
Depreciation Key
37. Depreciation is calculated according to the depreciation key in the asset
master. The most important influences on the calculation of depreciation
are:
The value date of the document. It is used to set the depreciation start
date in the asset.
The depreciation key.
The depreciation calculation method is the most important feature of the
internal calculation key. It is used to carry out the different types of
depreciation calculation.
Elements of the Depreciation Calculation
39. Assets can be transferred within a company code or across
companies within the Group
Transfers
Assets can be transferred in full or partially. Controlling
object assignment can be changed as can asset class.
40. Asset transfers can be one of the following scenarios:
1. Transfer within same Company Code
Eg. From one asset class to another
2. Inter-company transfers between companies in SAP
Eg. From one company to another
1
2
Transfer within Company Code (ABUMN)
Intercompnay Transfer (ABT1N)
Asset Transfers
42. Fiscal Year Change/Year-End Closing
Asset values
at fiscal year start Year 2
Transaction 10000 0
APC 10000 10000
Ordinary dep. 3000 - 2100-
Net book value 7000 4900
Asset values
at fiscal year start Year 1
Transaction 0 10000
APC 0 10000
Ordinary dep. 0 3000 -
Net book value 0 7000
31
Fiscal Year Change
31
Fiscal Year Change
Year-end closing
Year-end closing program
- Check:
Can the year-end closing be carried out?
- Maintenance of the last closed fiscal year per
company code
Closing reports
- Asset history sheet
- Asset list
- . . .
Depreciation posting run
1.
2.
3.
Year-end closing
Periodic processing
Fiscal year change
Fiscal Year Change
43. Points from Fiscal Year Change/Year-End Closing
The fiscal year change program opens new annual value fields for each
asset.
The earliest you can start this program is in the last posting period of
the old year.
You have to run the fiscal year change program for your whole
company code.
SAP provides you with a check report for year-end closing. It checks
whether the fiscal year change was completed for all assets, whether
depreciation was fully posted, whether errors exist for any assets.
If the program finds no errors, it updates the last closed fiscal year for
each depreciation area.
45. Standard Fixed Asset Reports
Standard reports are available via the standard SAP menu: “Fixed
Assets / Information System / Reports on Asset Accounting” Key
reports:
S_ALR_87011963 - 70: Asset Balances
A series of query programs based on different selection criteria.
S_ALR_87011979 - 82: Physical Inventory Lists
A series of query programs based on different selection criteria.
S_ALR_87012936: Depreciation on Capitalized Assets (Depn Simulation)
Simulated depreciation on assets/asset classes and Projects (can be
restricted to specific WBS elements).
S_ALR_87012026: Depreciation Current Year
Depreciation analysis by asset.
S_ALR_87012075: Asset history
Complete detailed history of each asset.