The document discusses leased assets and their accounting treatment. Leased assets remain the property of the lessor during the lease term and represent a special form of rented asset. Depending on the country and lease type, leased assets may need to be capitalized on the lessee's balance sheet. The SAP FI-AA module enables capitalizing leased assets using the capital lease method, which calculates the asset value as the present value of future lease payments. Leased assets can be treated as either capital leases, which are capitalized and depreciated, or operating leases, which are expensed as periodic rent payments.
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
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
SAP FICO - Why SAP uses Internal Orders?Sanjay Ram
Understand why internal orders are used instead of cost centers as explained by http://www.erptraining9.com
Why an Internal Order is required?
Creation of Internal Order
Operational Expenditure Postings
Settlement of Internal Orders to Cost Centers
Internal Order Reporting
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
يسر المركز الإداري والمالي للتدريب أن يعلن عن بدأ #دورة #جديدة #زمالة_المحاسب_الإداري - الجزء الاول (CMA) في جدة.
تاريخ بدأ الدورة : 29 نوفمبر 2015.
مدة الدورة : 20 - 24 محاضرة.
توقيت الدورة : من الـ 7:00 مساءً إلى الـ 10:00 مساءً.
-محاضرتان أسبوعياً.
-شامل الكتاب الاصلي و الأكسيس كود.
- شهادة معتمدة من المؤسسة العامة للتدريب التقني والمهني.
#خصم خاص للتسجيل المبكر ! الأعداد محدودة جداً
** ما هي شهادة CMA:
هى شهادة متقدمة ومعتمدة عالمياً من المعهد الأمريكى للمحاسبين الإداريين (IMA ) لدعم المحاسبين والمديرين الماليين فى تطوير أداء منظماتهم والتطوير المهنى المستمر لهم وإعدادهم ليلعبوا الدور الأساسى فى إتخاذ القرارات الإستراتيجية.
**مميزات الحصول على هذه لشهادة :
1. اعتلاء مناصب إدارية عليا في جهات أعمالهم
2. زيادة المعرفة العلمية في مجالات متعددة الإدارة والمحاسبة المالية ومحاسبة التكاليف والاقتصاد والتمويل، ... الخ)
3- الحصول على الإعتماد المهنى الدولى .
4. التميز بارتفاع الرواتب
5- تحقيق ميزة تنافسية من خلال زيادة القدرات والمهارات والمعرفة المهنية.
** الفئات الوظيفية المرشحة للحصول على شهادة CMA :
تشمل الفئات المرشحة للحصول على هذه الشهادة المتخصصين في حقل المحاسبة الإدارية ومنهم:
- المدراء الماليون الراغبون في الحصول على تأهيل مهني يوثق خبرتهم العملية، وكسب المعرفة التي تمكنهم من أداء *مهامهم الوظيفية بأسلوب ومنهج علمي متطور
- كافة المتخصصين و العاملين في مجال المراجعة و التدقيق المالي والإداري
- كافة العاملين في المجال المحاسبي الراغبون في الحصول على تأهيل مهني يمكنهم من تولي وظائف قيادية في المجال المحاسبي والمالي
- العاملون والمتخصصون في قطاع البنوك والاستثمار.
للتسجيل يمكنكم التواصل معنا على الارقام التالية :
ت : 0126529126 تحويلة : 122
ج : 0535530307 / 0535500097
موقعنا الالكتروني : www.fin.com.sa
SAP FICO - Why SAP uses Internal Orders?Sanjay Ram
Understand why internal orders are used instead of cost centers as explained by http://www.erptraining9.com
Why an Internal Order is required?
Creation of Internal Order
Operational Expenditure Postings
Settlement of Internal Orders to Cost Centers
Internal Order Reporting
A presentation on Asset Management in SAP. It includes important definitions, types of assets, asset life cycle, month-end activities and year-end activities.
as per my experinece i have prepared this docuemnt for future referenec and also this document will help to leart GST impact in SAP SD and S4 HANA
Kindly comment your feedback and suggistions
يسر المركز الإداري والمالي للتدريب أن يعلن عن بدأ #دورة #جديدة #زمالة_المحاسب_الإداري - الجزء الاول (CMA) في جدة.
تاريخ بدأ الدورة : 29 نوفمبر 2015.
مدة الدورة : 20 - 24 محاضرة.
توقيت الدورة : من الـ 7:00 مساءً إلى الـ 10:00 مساءً.
-محاضرتان أسبوعياً.
-شامل الكتاب الاصلي و الأكسيس كود.
- شهادة معتمدة من المؤسسة العامة للتدريب التقني والمهني.
#خصم خاص للتسجيل المبكر ! الأعداد محدودة جداً
** ما هي شهادة CMA:
هى شهادة متقدمة ومعتمدة عالمياً من المعهد الأمريكى للمحاسبين الإداريين (IMA ) لدعم المحاسبين والمديرين الماليين فى تطوير أداء منظماتهم والتطوير المهنى المستمر لهم وإعدادهم ليلعبوا الدور الأساسى فى إتخاذ القرارات الإستراتيجية.
**مميزات الحصول على هذه لشهادة :
1. اعتلاء مناصب إدارية عليا في جهات أعمالهم
2. زيادة المعرفة العلمية في مجالات متعددة الإدارة والمحاسبة المالية ومحاسبة التكاليف والاقتصاد والتمويل، ... الخ)
3- الحصول على الإعتماد المهنى الدولى .
4. التميز بارتفاع الرواتب
5- تحقيق ميزة تنافسية من خلال زيادة القدرات والمهارات والمعرفة المهنية.
** الفئات الوظيفية المرشحة للحصول على شهادة CMA :
تشمل الفئات المرشحة للحصول على هذه الشهادة المتخصصين في حقل المحاسبة الإدارية ومنهم:
- المدراء الماليون الراغبون في الحصول على تأهيل مهني يوثق خبرتهم العملية، وكسب المعرفة التي تمكنهم من أداء *مهامهم الوظيفية بأسلوب ومنهج علمي متطور
- كافة المتخصصين و العاملين في مجال المراجعة و التدقيق المالي والإداري
- كافة العاملين في المجال المحاسبي الراغبون في الحصول على تأهيل مهني يمكنهم من تولي وظائف قيادية في المجال المحاسبي والمالي
- العاملون والمتخصصون في قطاع البنوك والاستثمار.
للتسجيل يمكنكم التواصل معنا على الارقام التالية :
ت : 0126529126 تحويلة : 122
ج : 0535530307 / 0535500097
موقعنا الالكتروني : www.fin.com.sa
Avoid the mistakes that break next year’s project budget reporting! Walk through the steps required to close the year with SAP’s Project Systems and Investment Management.
* Clarify the year-end role of Project Systems
* Describe two reporting methods within IM
* Explain the most efficient IM transactions
* Expand on Advance Commitment budgeting
* Identify the mistakes to avoid
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.
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Creating SOA with Oracle Fusion Middleware 11gLonneke Dikmans
A Service Oriented Architecture consists of a number of building blocks. Oracle offers these blocks in the Oracle Fusion Middleware stack. In this presentation an overview of components or building blocks you need in a SOA is given. The Oracle Fusion Middleware stack is plotted on this architecture. Obviously customers can also choose to mix and match products from different vendors. This has both advantages and disadvantages. These issues are discussed and illustrated with some examples from real (anonymized) customers.
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
Prepare for your interview with these top 20 SAP FICO interview questions. For more IT Profiles, Sample Resumes, Practice exams, Interview Questions, Live Training and more…visit ITLearnMore – Most Trusted Website for all Learning Needs by Students, Graduates and Working Professionals.
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Identify the reporting and disclosure requirements of ASC 606
Implement Contracts reporting to meet 606 objectives
Assess your financial position, performance per Contracts metrics
Idoc testing in ieds by guntupalli hari krishnaHari Krishna
IDOC PRÜFUNG IN IDES,IDOC测试在IDES,PRUEBAS EN IDOC IDES,IDESにおけるIDOCテスト,IDOC Испытания в IDES,IDOC TESTING IN IDES,ఐడ్స్ IDOC పరీక్ష,इडस में IDOC परीक्षण
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
PAÍS VERSIÓN INDIA, PAYS VERSION INDE, 国家版印度
CIN Domain Basic concepts
FI consultant steps in CIN configuration
CIN VS Service Tax
CIN VS TDS
CIN MM Configuration Steps
CIN SD Configuration Steps
J1I9 CIN Number range objects
Master Data for CIN
MM CYCLES
DEPOT PLANTS
CIN TABLES
CIN Forms
CIN NOTES
CIN ACCOUNTING ENTRIES
UTILIZATION
CIN/VAT/TDS/SERVICE -TAX List of Reports
TAXINN VS TAXINJ
CAPITAL Procurement in SAP
SD CYCLES
Miscellaneous Topics
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.
Need for Speed: Removing speed bumps from your Symfony projects ⚡️Łukasz Chruściel
No one wants their application to drag like a car stuck in the slow lane! Yet it’s all too common to encounter bumpy, pothole-filled solutions that slow the speed of any application. Symfony apps are not an exception.
In this talk, I will take you for a spin around the performance racetrack. We’ll explore common pitfalls - those hidden potholes on your application that can cause unexpected slowdowns. Learn how to spot these performance bumps early, and more importantly, how to navigate around them to keep your application running at top speed.
We will focus in particular on tuning your engine at the application level, making the right adjustments to ensure that your system responds like a well-oiled, high-performance race car.
Graspan: A Big Data System for Big Code AnalysisAftab Hussain
We built a disk-based parallel graph system, Graspan, that uses a novel edge-pair centric computation model to compute dynamic transitive closures on very large program graphs.
We implement context-sensitive pointer/alias and dataflow analyses on Graspan. An evaluation of these analyses on large codebases such as Linux shows that their Graspan implementations scale to millions of lines of code and are much simpler than their original implementations.
These analyses were used to augment the existing checkers; these augmented checkers found 132 new NULL pointer bugs and 1308 unnecessary NULL tests in Linux 4.4.0-rc5, PostgreSQL 8.3.9, and Apache httpd 2.2.18.
- Accepted in ASPLOS ‘17, Xi’an, China.
- Featured in the tutorial, Systemized Program Analyses: A Big Data Perspective on Static Analysis Scalability, ASPLOS ‘17.
- Invited for presentation at SoCal PLS ‘16.
- Invited for poster presentation at PLDI SRC ‘16.
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...Juraj Vysvader
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I didn't get rich from it but it did have 63K downloads (powered possible tens of thousands of websites).
AI Pilot Review: The World’s First Virtual Assistant Marketing SuiteGoogle
AI Pilot Review: The World’s First Virtual Assistant Marketing Suite
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https://sumonreview.com/ai-pilot-review/
AI Pilot Review: Key Features
✅Deploy AI expert bots in Any Niche With Just A Click
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See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
AI Genie Review: World’s First Open AI WordPress Website CreatorGoogle
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AI Genie Review: Key Features
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See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
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Enhancing Research Orchestration Capabilities at ORNL.pdfGlobus
Cross-facility research orchestration comes with ever-changing constraints regarding the availability and suitability of various compute and data resources. In short, a flexible data and processing fabric is needed to enable the dynamic redirection of data and compute tasks throughout the lifecycle of an experiment. In this talk, we illustrate how we easily leveraged Globus services to instrument the ACE research testbed at the Oak Ridge Leadership Computing Facility with flexible data and task orchestration capabilities.
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Deuglo has top Software Developers in India. They are experts in software development and help design and create custom Software solutions.
Deuglo follows seven steps methods for delivering their services to their customers. They called it the Software development life cycle process (SDLC).
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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.
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptxrickgrimesss22
Discover the essential features to incorporate in your Winzo clone app to boost business growth, enhance user engagement, and drive revenue. Learn how to create a compelling gaming experience that stands out in the competitive market.
Globus Connect Server Deep Dive - GlobusWorld 2024Globus
We explore the Globus Connect Server (GCS) architecture and experiment with advanced configuration options and use cases. This content is targeted at system administrators who are familiar with GCS and currently operate—or are planning to operate—broader deployments at their institution.
2. Leased Asset Leased
Asset
2
Leased Assets:
Leased assets create special accounting requirements for the lessee. During
the term of the lease, leased assets remain the property of the lessor or
manufacturer. They represent, therefore, a special form of rented asset.
Such assets are legally and from a tax perspective the responsibility of the
lessor, and are not relevant for assessing the value of the asset portfolio of
the lessee. However, in certain countries, you are nonetheless required to
capitalize leased assets, depending on the type of financing.
Leased assets create special accounting requirements for the lessee. During
the term of the lease, leased assets remain the property of the lessor or
manufacturer. They represent, therefore, a special form of rented asset.
Such assets are legally and from a tax perspective the responsibility of the
lessor, and are not relevant for assessing the value of the asset portfolio of
the lessee. However, in certain countries, you are nonetheless required to
capitalize leased assets, depending on the type of financing.
The Leased Assets component enables you to capitalize leased assets in the
Asset Accounting (FI-AA) component using the capital lease method. The
system calculates the acquisition value from the present value of the future
lease payments in the leasing agreement.
Features :
There are different ways of handling the values of leased assets in the
system. Depending on legal requirements and the conditions of the lease,
there are two different options:
• You have to capitalize and depreciate certain leased assets (capital
lease).
• You treat others as periodic rent expense, which flows into the profit
and loss statement (operating lease).
This second type is not relevant to the fixed assets of the lessee. It is
therefore sufficient to do one of the following:
Manage operating leases as statistical assets in the Asset
Accounting component (with no active depreciation areas)
Manage them only as cost-accounting values (or for group
accounting) in the corresponding depreciation areas
3. Leased Asset Leased
Asset
3
There is a special report on rent liability that can be used for all types
of leased assets (see below).
You can also manage insurance values for purely statistical leased assets
(without depreciation areas). You enter a manual insurance value and an
index series for the leased assets in the asset master record. You obtain
reports on these values using the standard report for insurance values.
Valuation Methods for Leased Assets:
The result is that there are two different methods for handling the
bookkeeping for leased assets, depending on legal requirements and the
conditions of the lease. You must capitalize and depreciate certain leased
assets (capital lease). Others are handled as periodic rent expense, and flow
into the Profit and Loss statement (operating lease).
Capital Lease Method :
Leased assets can be capitalized in the Asset Accounting component using
the capital lease method. The system calculates the acquisition value from
the present value of the future lease payments in the leasing agreement. To
be able to determine the future burden of payment, you need to maintain
the following leasing conditions in the asset master records:
• Amount of lease payment
• Number of payments
• Payment cycle
In order to calculate present value, also enter an interest rate. The system
requires that you post a leasing partner as a vendor in the asset master
record at the time of the acquisition posting (opening posting).
At the present time, the capital lease method can only be used for assets
that are capitalized in the book depreciation area. An opening posting with
simultaneous creation of leasing liability is not possible for assets that have
only cost-accounting depreciation areas.
Implementation Considerations:
General Tips
If you want to manage capitalized leased assets in the system, follow these
steps:
• Define leasing types in Customizing for Asset Accounting with the
specifications for posting asset acquisitions.
• Create special asset classes and account allocations for your leased assets.
4. Leased Asset Leased
Asset
4
• Define depreciation areas, in which you plan to capitalize leased assets
using the capital lease procedure, so that they manage interest that can
be posted with the depreciation posting program.
• Activate the depreciation areas, in which the leased assets will be
capitalized and depreciated, in these asset classes.
• Assign a leasing type to the asset master records for leased assets.
• Maintain the information and conditions of the leasing agreement in the
master records of the leased assets. Specify an interest rate for
calculating the present value and determine
Configuration Document for Leased Assets:
Specify Account Determination for Lased Assets:
SPRO → Financial Accounting (New) →Asset Accounting → Organisation Structure → Asset
Classes → Specify Account Determination.
Select
5. Leased Asset Leased
Asset
5
Save. .
Create Screen Layout for rules for Assets Class
SPRO → Financial Accounting(New) → Asset Accounting → Organisation Structure → Asset
Classes → Create Screen Layout rules.
Select the Screen Layout for Leased Assets
7. Leased Asset Leased
Asset
7
Change the Screen layout rule & Name it. Save .
Define number interval for assigning asset main numbers in the asset class. T.Code – AS08.
SPRO → Financial Accounting( New) → Asset Accounting → Organisation Structure → Asset
Classes → Define number range interval.
Enter Company Code and Click on Change Interval Button
Click on Shift + F1 to Insert Interval . Insert the Serial no & number ranges for the same
8. Leased Asset Leased
Asset
8
.
Save .
Creation of Asset Classes for Leased Asset. T.Code: OAOA
SPRO → Financial Accounting(New) → Asset Accounting → Organisation Structure → Asset
Classes → Define Asset Classes .
Select
Enter the Asset Class, Description for the Asset, Account determination key, Screen Layout,
Number range and select the include asset check box to use the asset for material management
purposes.
9. Leased Asset Leased
Asset
9
Save. .
Creation of General Ledger Accounts.
Create general Ledger Account for Lease Asset, Accumulated depreciation account for leased
assets, Interest Paid Account & Interest Clearing Account using FS00.
Integration with general Ledger Accounts TCODE:AO90
SPRO → Financial Accounting (New) → Asset Accounting → Integration with the General
ledger → Assign G/L Accounts.
Select Chart of Depreciation and select Chart of Accounts. Double click on Account Allocation.
Select Chart of Accounts and double click on Account determination key.
Select Account determination for Leased Assets and double click on Balance Sheet Accounts
folder and double click on Book Depreciation Area
10. Leased Asset Leased
Asset
10
Save. .
Fields
Enter the Leased Assets Account number in the Acquisition & Production Costs field.
Fields
Enter the Scrapping of Asset number in the Loss made on retirement without Revenue field
Enter the Revenue on Sale of Assets Account in the Clearing Account revenue from Asset Sale
field.
Enter the Profit on sale of assets account in the Gain from the Asset sale field.
Enter the Loss on sale of Assets account in the Loss from the asset sale field.
Select Depreciation Folder and select Book Depreciation.
11. Leased Asset Leased
Asset
11
Save. .
Fields
Enter Accumulated Depreciation on Leased Assets Account in Accumulated Depreciation
account for Ordinary Depreciation field.
Enter Depreciation expense account in the Expenses account for Ordinary Depreciation field.
Enter Interest paid Account in the Expense Account for Interest field.
Enter Interest clearing Account in the Clearing Interest posting field.
Determining Depreciation Areas in Asset classes by activating the asset class.
T.Code: OAYZ
12. Leased Asset Leased
Asset
12
Deselect the deactivate check box to activate the depreciation area for the asset class.
Save. .
Set indicator for the interest of depreciation area for calculating Interest. T.Code:OABZ
SPRO → Financial Accounting(New) → Asset Accounting →Special
Valuation→Interest→Determine Depreciation Areas.
Save.
By activating the interest indicator you can calculate interest in the depreciation areas.
Specify Depreciation Area for Group Assets. T.Code: OAYM
SPRO → Financial Accounting(New) → Asset Accounting →Valuation→ Group
Assets→Specify Depreciation areas for Group Assets
13. Leased Asset Leased
Asset
13
Select the Group assets check box of Depreciation area as per Income tax Act 1961 to allow the
group Assets for calculating depreciation.
Specify Asset Classes for Depreciation on group assets: T.Code: OAAX
Select the check box of group of assets of your company code to calculate depreciation for the
group of assets.
Define depreciation calculation methods (Base method, Declining balance method & Multi
Level method for all the assets)
Define period controls & Calendar assignments for all the assets for asset acquisitions &
Retirements. T.Codes:OA84 & T.Code: OAVH
Define depreciation keys for leased assets T.Code: AFAMA
14. Leased Asset Leased
Asset
14
Enter Depreciation Key & description for the depreciation key.
Save. .
Select assignment calculation method.
Select
Enter Dep Type: Ord. Depreciation
Phase: From the start of Depreciation
Fields
Base Method:0014
Decl.bal.method:001
Prd.control:001
Multi level method: C01
Class: Straight Line Depreciation
15. Leased Asset Leased
Asset
15
Select next entry button and enter the following values
Base Method:0028
Decl.bal.method:001
Prd.control:001
Multi level method: C01
Class: Straight Line Depreciation
Save. .
Create of Group Assets using the T.Code:AS21
16. Leased Asset Leased
Asset
16
Creation of Leased asset T.Code:AS01
Enter the values in the following fields:
Asset Class:
Company Code:
No.of .Similar Assets:
Press Enter Key after entering the above values.
Enter Description for Leased Assets in the General Tab.
Select the Depreciation Tab & Enter the following fields
Depreciation Key for Book Depreciation:
Depreciation Key for Tax Balance Sheet:
And enter the useful life of the Leased asset.
17. Leased Asset Leased
Asset
17
Select the Leasing Tab and enter the values in the following fields.
Leasing Company:
Agreement Number:
Agreement Date:
Notice Date:
Lease Start Date:
Lease Length:
Type of Lease:
Base Value as new:
No. of Lease Payments:
Payment Cycle:
Lease Payment:
Annual Interest rate:
18. Leased Asset Leased
Asset
18
Save. .
Display Assets data using AS03
After entering the values in the fields press Enter Key.
Select the Leasing Tab. It will display the button.
19. Leased Asset Leased
Asset
19
Click the button, It will take you to the following screen.
In the above screen press enter to post the entry.
The Journal Entry for the Transaction will be as follows.
20. Leased Asset Leased
Asset
20
Asset A/c Dr 113,745.08
Interest Clearing Account Dr 6,254.92
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
To Asset vendor A/c 10,000
The entry will be shown as like this.
21. Leased Asset Leased
Asset
21
After executing the depreciation run (Tcode: AFAB), Depreciation for the Asset &
the Interest will be transferred to the respective accounts.
The Journal Entries after the execution of Depreciation run will be as follows.
Interest Paid A/c Dr xxxx
To Interest Clearing A/c xxxx
Depreciation A/c Dr xxxx
To Accu. Dep on Assets A/c xxxx
→ Interest amount will be transferred from Interest clearing account to Interest
Expense Account after the execution of depreciation run.
→ By the end of the lease period all the balance in the interest clearing account will
be transferred to Interest expense account.