Here are the key steps for posting asset acquisitions against employee advances:
1. Create an employee vendor account for each employee who will receive an advance. Debit this account when the advance is given.
2. Purchase the asset. The vendor account of the employee who received the advance will be credited as a down payment.
3. Create an asset under construction (AUC) for the purchased asset.
4. Post the acquisition of the asset against the AUC. The employee vendor account that was credited as down payment will be used to offset the acquisition cost.
5. Settle the AUC to create the main asset. The main asset will now be capitalized.
6. Any balance left in
- The document describes changes and enhancements to SAP's Asset Accounting module since Release 3.x, including improvements to master data, periodic processing, depreciation calculation, and legacy data transfer.
- Master data changes include the use of tab pages in asset master records, automatic creation of linked equipment records, and the ability to make mass changes to assets using worklists.
- Periodic processing now generates accounting documents for changes to time-independent attributes like business area and cost center.
- The implementation guide was simplified for quicker setup of standard asset accounting functions.
- Wizards help configure asset classes and personal value lists provide faster
This document provides demonstrations for configuring subledger accounting in Oracle Applications R12. It begins with creating responsibilities and users, then demonstrates how to copy an existing accounting method and validate an application accounting definition. Later demos show how to create new journal line types, descriptions, derivation rules, line definitions, and a full accounting method from scratch. The document provides detailed steps and screenshots to guide the reader through each configuration task.
The document contains a list of terms related to accounting and asset management. It defines terms such as 4-4-5 calendar, 24-hour format, account segment, accounting flexfield, accumulated depreciation, asset, depreciation, and capitalized assets among others. The list provides concise descriptions of these important financial and accounting concepts.
This document provides instructions for configuring Financial Statement Generator (FSG) reports in Oracle General Ledger. It details the configuration of row sets, column sets, content sets, and row orders. The key components covered include defining rows and account assignments in row sets, defining columns and calculations in column sets, and using the autocopy feature to efficiently create new report components based on existing ones. The document recommends following best practices such as using standard naming conventions and sequencing for reports.
This document discusses setting up asset accounting in SAP, including:
- Defining depreciation areas, charts of depreciation, and number assignment rules
- Creating asset classes and screen layout rules
- Setting depreciation keys, methods, and intervals for posting depreciation
- Assigning accounts and specifying rules for posting depreciation to financials
- Creating an asset master record for a leased or insured asset
This document discusses accounting and reporting sequences in Oracle Release 12. It provides an overview of sequences and their benefits. It then describes the setup and creation process for accounting sequences, which are assigned when journals are posted or subledger transactions are accounted, and reporting sequences, which are assigned when a GL period is closed. The key steps involve defining sequences and versions, sequencing contexts, and assigning sequences to contexts based on parameters like ledger, journal source, and category.
Learn to create Financial Statement Generator (FSG) reports that are reusable and easy to maintain. The FSG’s are powerful tools that can be used to produce a variety of traditional reports such as balance sheets, profit and loss statements, income statements, expense analyses and gross margin reports.
View the original Blog post: http://www.eprentise.com/blog/financial-statement-generator-fsg-reports/how-to-generate-fsg-reports-part-i/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
The document describes the general ledger cycle and key concepts in Oracle R12 including flex fields, value sets, segments, currencies, calendars, and journals. The general ledger cycle includes opening periods, entering journals, reviewing and posting journals, running revaluations or translations if needed, reviewing results, preparing financials, and closing periods. Flex fields, value sets, segments and their usage in defining the chart of accounts structure are also explained.
- The document describes changes and enhancements to SAP's Asset Accounting module since Release 3.x, including improvements to master data, periodic processing, depreciation calculation, and legacy data transfer.
- Master data changes include the use of tab pages in asset master records, automatic creation of linked equipment records, and the ability to make mass changes to assets using worklists.
- Periodic processing now generates accounting documents for changes to time-independent attributes like business area and cost center.
- The implementation guide was simplified for quicker setup of standard asset accounting functions.
- Wizards help configure asset classes and personal value lists provide faster
This document provides demonstrations for configuring subledger accounting in Oracle Applications R12. It begins with creating responsibilities and users, then demonstrates how to copy an existing accounting method and validate an application accounting definition. Later demos show how to create new journal line types, descriptions, derivation rules, line definitions, and a full accounting method from scratch. The document provides detailed steps and screenshots to guide the reader through each configuration task.
The document contains a list of terms related to accounting and asset management. It defines terms such as 4-4-5 calendar, 24-hour format, account segment, accounting flexfield, accumulated depreciation, asset, depreciation, and capitalized assets among others. The list provides concise descriptions of these important financial and accounting concepts.
This document provides instructions for configuring Financial Statement Generator (FSG) reports in Oracle General Ledger. It details the configuration of row sets, column sets, content sets, and row orders. The key components covered include defining rows and account assignments in row sets, defining columns and calculations in column sets, and using the autocopy feature to efficiently create new report components based on existing ones. The document recommends following best practices such as using standard naming conventions and sequencing for reports.
This document discusses setting up asset accounting in SAP, including:
- Defining depreciation areas, charts of depreciation, and number assignment rules
- Creating asset classes and screen layout rules
- Setting depreciation keys, methods, and intervals for posting depreciation
- Assigning accounts and specifying rules for posting depreciation to financials
- Creating an asset master record for a leased or insured asset
This document discusses accounting and reporting sequences in Oracle Release 12. It provides an overview of sequences and their benefits. It then describes the setup and creation process for accounting sequences, which are assigned when journals are posted or subledger transactions are accounted, and reporting sequences, which are assigned when a GL period is closed. The key steps involve defining sequences and versions, sequencing contexts, and assigning sequences to contexts based on parameters like ledger, journal source, and category.
Learn to create Financial Statement Generator (FSG) reports that are reusable and easy to maintain. The FSG’s are powerful tools that can be used to produce a variety of traditional reports such as balance sheets, profit and loss statements, income statements, expense analyses and gross margin reports.
View the original Blog post: http://www.eprentise.com/blog/financial-statement-generator-fsg-reports/how-to-generate-fsg-reports-part-i/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
The document describes the general ledger cycle and key concepts in Oracle R12 including flex fields, value sets, segments, currencies, calendars, and journals. The general ledger cycle includes opening periods, entering journals, reviewing and posting journals, running revaluations or translations if needed, reviewing results, preparing financials, and closing periods. Flex fields, value sets, segments and their usage in defining the chart of accounts structure are also explained.
This document provides a step-by-step guide to setting up journal controls in the general ledger, including journal sources, categories, automatic reversals, automatic posting, and journal approvals. It describes the key setups needed for each of these areas, such as defining journal sources and categories, setting categories up for automatic reversals, and enabling journal approvals for specific sources. The summary also notes that setting up journal approvals requires completing six main setup steps, like enabling approvals for the ledger, selecting sources to require approval, and defining employee hierarchies and approval limits.
This document provides an overview of Oracle Financials and its multiple organization functionality. It discusses how a single Oracle installation can support multiple organizations that may use different ledgers and accounting practices. It describes the major features like secure access to relevant data only and accessing operating units through a single responsibility. It also defines the different types of organizations like business groups, ledgers, legal entities, operating units, and inventory organizations and how they relate to each other in a multiple organization structure.
This document provides an overview of setting up Oracle General Ledger. It discusses defining ledger sets which includes creating a chart of accounts, calendar, currency, accounting setups and ledger sets. It also covers opening periods, journal entries, budgeting, reporting currencies, consolidations and generating standard reports. Specifically, it outlines the steps to create a chart of accounts including defining key flexfield segments, segments, value sets and qualifiers. It also describes defining period types and creating a new calendar.
This document provides an introduction to managing fixed assets in SAP Business One version 9.0. It defines key terms related to fixed assets and outlines the new fixed assets sub-menu and windows. It also reviews the life cycle of a fixed asset item from initial capitalization to depreciation and eventual retirement. Sample journal entries are provided for capitalization, depreciation, and retirement. The goal is for users to understand how to manage fixed asset items and utilize the new fixed assets functionality in SAP Business One.
The document discusses various topics related to fixed assets in Oracle Applications including:
1. There are three ways to add assets: quick additions, detail additions, and mass additions.
2. Depreciation is calculated by running the depreciation program for each book. This updates expense, accumulated depreciation, and other values.
3. Asset books are used to define depreciation rules and generate journal entries. The main types are corporate, tax, and budget books.
Under the Covers with Subledger Accountingeprentise
The major change in R12 is that there are no Sets of Books. Instead, there are subledgers that handle the transaction processing from other modules (AP, AR, FA, etc.).
View the original Blog post: http://www.eprentise.com/blog/r12/under-the-covers-with-subledger-accounting/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
Here are the steps to continue creating the fixed asset master record:
1. Enter an asset number and description on the "General" tab. These fields are mandatory.
2. You can optionally enter additional details like inventory number, acquisition date etc.
3. Click on the "Acquisition" tab. Enter acquisition details like value, currency etc.
4. Click on the "Depreciation" tab. Select depreciation areas and enter depreciation parameters.
5. Click on the "Costs" tab. Assign cost centers that will be used for depreciation postings.
6. Click on the "Texts" tab to enter any additional notes about the asset.
7
Designing a Chart of Accounts for a Global Company Going to Oracle E-Business...eprentise
A useful chart of accounts provides flexibility for recording and reporting financial information, brings structure for managing uniformly, 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. eprentise founder and CEO Helene Abrams goes over the five fundamental design criteria and how to design your own chart of accounts.
Watch the webinar recording: https://vimeo.com/82202289
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
This document provides instructions for generating a financial statement report in SAP for a specified company code and time period. It describes how to run transaction code S_ALR_87012284 to generate a balance sheet and profit and loss statement. Key steps include defining the financial statement version, entering the company code, reporting year and periods, and making selections for output controls like the balance sheet type and summary report level. The transaction code allows generating the required financial reports.
The document outlines the steps to close an accounting period in Oracle Assets, which includes running depreciation, creating journal entries, reconciling with the general ledger, and optionally archiving and purging old data. Key steps are to ensure all transactions are entered, run depreciation which will close the period, create journal entries, review and post them, then reconcile various reports between Oracle Assets and the general ledger.
This document provides an overview and tutorial on using Oracle Report Manager in R12. It discusses the presenter's background and objectives of the session. Key features of Report Manager are outlined, including how it provides an online repository for financial reports. The document then provides a case study example and goes through setting up Report Manager and a quick tutorial on creating a template, submitting a report, and viewing outputs. It concludes with tips, tricks and potential traps to be aware of when using Report Manager.
This document provides tips and guidance for using a Financial Statement Generator (FSG) tool. It discusses the anatomy of an FSG including row sets, column sets, and content sets which control the layout and accounts that appear in reports. It provides tips on defining sets, assigning accounts and calculations, setting formats and properties. The document also covers maintenance tasks like auto copying and database links as well as ways to improve performance for slow running FSG reports. Override rules for rows and columns are explained.
The document discusses costing structures and methods in Oracle Manufacturing. It defines key costing concepts like cost elements, sub-elements, activities, and basis types used to assign costs. It also covers average costing updates, cost recognition processes, and important reports for analyzing costs and margins.
The document is a user guide for the Elosimple excel inventory template, which provides a template for tracking inventory records and reports in Microsoft Excel. The template contains four sheets - Index, InventorySetup, Tally, and Report. The Index sheet lists all resources in the workbook. The InventorySetup sheet is used to enter business information and inventory codes/items. The Tally sheet contains an expandable table to record inventory receipts and issues. An inventory report is automatically generated as entries are made in the Tally sheet. The guide provides instructions on setting up and using the template to track inventory.
The document is a user guide for the Elosimple excel inventory template, which provides a template for tracking inventory records and reports in Microsoft Excel. The template includes four sheets - Index, InventorySetup, Tally, and Report. The Index sheet provides an overview and links to the other sheets. The InventorySetup sheet is used to set up inventory codes, items, and groups. The Tally sheet includes an expandable table to record inventory receipts and issues. An inventory report is automatically generated based on the Tally entries. The guide provides instructions on installing, setting up, and using the template to track inventory.
This document provides an overview of Oracle Assets management and outlines the steps to set up Oracle Fixed Assets, including:
1. Creating an assets responsibility and assigning it to the IVAS11 user for setup
2. Defining profile values such as the GL ledger set and operating unit for the IVAS purchasing responsibility
3. Setting the GL ledger name profile option to 'ivas ledger' at the responsibility level for the IVAS_FixedAssets responsibility
This document provides instructions for setting up calendars and currencies in the Oracle General Ledger. It describes how to define calendar types and periods, set up accounting calendars, validate calendars, and create transaction calendars for average balance calculations. It also explains how to define new currencies and enable currencies for use in the general ledger.
This document provides an overview of standard cost accounting in Oracle ERP, including how to set and update cost values, view cost and cost history, account for costs in bills of materials, and handle resource costs and assembly cost rollups. Key areas covered are setting frozen or pending cost views, updating costs, costing components and resources, and performing assembly cost rollups to update assembly pending costs. Navigation paths are shown for the relevant forms and screens.
This document provides instructions for creating asset master records in SAP ECC5 using transaction code AS01. It describes the required, optional, and conditional fields to populate when creating an asset record, including general asset information, cost center assignment, asset class, company code, and other allocation details. Completing all the required fields and saving will create a new asset number in the system.
1. You must assign a chart of depreciation to each company code that is defined in Asset Accounting. SAP provides sample charts but they must be copied and customized.
2. The chart of depreciation contains depreciation areas that must be configured. Input and output tax indicators must also be assigned.
3. The chart must then be assigned to company codes. Account determinations, screen layouts, number ranges, asset classes, and G/L accounts must all be created and linked together to set up the asset accounting structure and rules.
1. You must assign a chart of depreciation to each company code that defines depreciation areas for assets. SAP provides sample charts but they must be copied and customized.
2. The chart of depreciation specifies input/output tax indicators, and is assigned to company codes. Asset classes are defined and linked to account determinations and number ranges.
3. Screen layouts, G/L account assignments, and financial statement versions are configured for asset reports. Document types are specified for posting depreciation.
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
This document provides a step-by-step guide to setting up journal controls in the general ledger, including journal sources, categories, automatic reversals, automatic posting, and journal approvals. It describes the key setups needed for each of these areas, such as defining journal sources and categories, setting categories up for automatic reversals, and enabling journal approvals for specific sources. The summary also notes that setting up journal approvals requires completing six main setup steps, like enabling approvals for the ledger, selecting sources to require approval, and defining employee hierarchies and approval limits.
This document provides an overview of Oracle Financials and its multiple organization functionality. It discusses how a single Oracle installation can support multiple organizations that may use different ledgers and accounting practices. It describes the major features like secure access to relevant data only and accessing operating units through a single responsibility. It also defines the different types of organizations like business groups, ledgers, legal entities, operating units, and inventory organizations and how they relate to each other in a multiple organization structure.
This document provides an overview of setting up Oracle General Ledger. It discusses defining ledger sets which includes creating a chart of accounts, calendar, currency, accounting setups and ledger sets. It also covers opening periods, journal entries, budgeting, reporting currencies, consolidations and generating standard reports. Specifically, it outlines the steps to create a chart of accounts including defining key flexfield segments, segments, value sets and qualifiers. It also describes defining period types and creating a new calendar.
This document provides an introduction to managing fixed assets in SAP Business One version 9.0. It defines key terms related to fixed assets and outlines the new fixed assets sub-menu and windows. It also reviews the life cycle of a fixed asset item from initial capitalization to depreciation and eventual retirement. Sample journal entries are provided for capitalization, depreciation, and retirement. The goal is for users to understand how to manage fixed asset items and utilize the new fixed assets functionality in SAP Business One.
The document discusses various topics related to fixed assets in Oracle Applications including:
1. There are three ways to add assets: quick additions, detail additions, and mass additions.
2. Depreciation is calculated by running the depreciation program for each book. This updates expense, accumulated depreciation, and other values.
3. Asset books are used to define depreciation rules and generate journal entries. The main types are corporate, tax, and budget books.
Under the Covers with Subledger Accountingeprentise
The major change in R12 is that there are no Sets of Books. Instead, there are subledgers that handle the transaction processing from other modules (AP, AR, FA, etc.).
View the original Blog post: http://www.eprentise.com/blog/r12/under-the-covers-with-subledger-accounting/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
Here are the steps to continue creating the fixed asset master record:
1. Enter an asset number and description on the "General" tab. These fields are mandatory.
2. You can optionally enter additional details like inventory number, acquisition date etc.
3. Click on the "Acquisition" tab. Enter acquisition details like value, currency etc.
4. Click on the "Depreciation" tab. Select depreciation areas and enter depreciation parameters.
5. Click on the "Costs" tab. Assign cost centers that will be used for depreciation postings.
6. Click on the "Texts" tab to enter any additional notes about the asset.
7
Designing a Chart of Accounts for a Global Company Going to Oracle E-Business...eprentise
A useful chart of accounts provides flexibility for recording and reporting financial information, brings structure for managing uniformly, 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. eprentise founder and CEO Helene Abrams goes over the five fundamental design criteria and how to design your own chart of accounts.
Watch the webinar recording: https://vimeo.com/82202289
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
This document provides instructions for generating a financial statement report in SAP for a specified company code and time period. It describes how to run transaction code S_ALR_87012284 to generate a balance sheet and profit and loss statement. Key steps include defining the financial statement version, entering the company code, reporting year and periods, and making selections for output controls like the balance sheet type and summary report level. The transaction code allows generating the required financial reports.
The document outlines the steps to close an accounting period in Oracle Assets, which includes running depreciation, creating journal entries, reconciling with the general ledger, and optionally archiving and purging old data. Key steps are to ensure all transactions are entered, run depreciation which will close the period, create journal entries, review and post them, then reconcile various reports between Oracle Assets and the general ledger.
This document provides an overview and tutorial on using Oracle Report Manager in R12. It discusses the presenter's background and objectives of the session. Key features of Report Manager are outlined, including how it provides an online repository for financial reports. The document then provides a case study example and goes through setting up Report Manager and a quick tutorial on creating a template, submitting a report, and viewing outputs. It concludes with tips, tricks and potential traps to be aware of when using Report Manager.
This document provides tips and guidance for using a Financial Statement Generator (FSG) tool. It discusses the anatomy of an FSG including row sets, column sets, and content sets which control the layout and accounts that appear in reports. It provides tips on defining sets, assigning accounts and calculations, setting formats and properties. The document also covers maintenance tasks like auto copying and database links as well as ways to improve performance for slow running FSG reports. Override rules for rows and columns are explained.
The document discusses costing structures and methods in Oracle Manufacturing. It defines key costing concepts like cost elements, sub-elements, activities, and basis types used to assign costs. It also covers average costing updates, cost recognition processes, and important reports for analyzing costs and margins.
The document is a user guide for the Elosimple excel inventory template, which provides a template for tracking inventory records and reports in Microsoft Excel. The template contains four sheets - Index, InventorySetup, Tally, and Report. The Index sheet lists all resources in the workbook. The InventorySetup sheet is used to enter business information and inventory codes/items. The Tally sheet contains an expandable table to record inventory receipts and issues. An inventory report is automatically generated as entries are made in the Tally sheet. The guide provides instructions on setting up and using the template to track inventory.
The document is a user guide for the Elosimple excel inventory template, which provides a template for tracking inventory records and reports in Microsoft Excel. The template includes four sheets - Index, InventorySetup, Tally, and Report. The Index sheet provides an overview and links to the other sheets. The InventorySetup sheet is used to set up inventory codes, items, and groups. The Tally sheet includes an expandable table to record inventory receipts and issues. An inventory report is automatically generated based on the Tally entries. The guide provides instructions on installing, setting up, and using the template to track inventory.
This document provides an overview of Oracle Assets management and outlines the steps to set up Oracle Fixed Assets, including:
1. Creating an assets responsibility and assigning it to the IVAS11 user for setup
2. Defining profile values such as the GL ledger set and operating unit for the IVAS purchasing responsibility
3. Setting the GL ledger name profile option to 'ivas ledger' at the responsibility level for the IVAS_FixedAssets responsibility
This document provides instructions for setting up calendars and currencies in the Oracle General Ledger. It describes how to define calendar types and periods, set up accounting calendars, validate calendars, and create transaction calendars for average balance calculations. It also explains how to define new currencies and enable currencies for use in the general ledger.
This document provides an overview of standard cost accounting in Oracle ERP, including how to set and update cost values, view cost and cost history, account for costs in bills of materials, and handle resource costs and assembly cost rollups. Key areas covered are setting frozen or pending cost views, updating costs, costing components and resources, and performing assembly cost rollups to update assembly pending costs. Navigation paths are shown for the relevant forms and screens.
This document provides instructions for creating asset master records in SAP ECC5 using transaction code AS01. It describes the required, optional, and conditional fields to populate when creating an asset record, including general asset information, cost center assignment, asset class, company code, and other allocation details. Completing all the required fields and saving will create a new asset number in the system.
1. You must assign a chart of depreciation to each company code that is defined in Asset Accounting. SAP provides sample charts but they must be copied and customized.
2. The chart of depreciation contains depreciation areas that must be configured. Input and output tax indicators must also be assigned.
3. The chart must then be assigned to company codes. Account determinations, screen layouts, number ranges, asset classes, and G/L accounts must all be created and linked together to set up the asset accounting structure and rules.
1. You must assign a chart of depreciation to each company code that defines depreciation areas for assets. SAP provides sample charts but they must be copied and customized.
2. The chart of depreciation specifies input/output tax indicators, and is assigned to company codes. Asset classes are defined and linked to account determinations and number ranges.
3. Screen layouts, G/L account assignments, and financial statement versions are configured for asset reports. Document types are specified for posting depreciation.
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
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.
The document discusses asset accounting in SAP. It provides information on asset classes, charts of depreciation, master data creation, acquisitions, and retirements. Asset classes are used to group assets and assign default values and accounts. Charts of depreciation allow calculating depreciation for assets in different areas like book, tax, and cost accounting. Master data includes time-dependent details like cost centers. Acquisitions can be integrated with accounts payable or materials management. Assets can be retired with or without revenue.
The document discusses asset accounting in SAP, including:
- Asset accounting is a subsidiary ledger of financial accounting that updates general ledger accounts.
- Asset classes are used to group assets, assign accounts and default values, and structure assets for reporting.
- Charts of depreciation define depreciation areas for book, tax, and other purposes across asset classes.
- Master data includes creating asset records via asset classes or copying, and time-dependent assignments.
- Asset acquisitions can integrate with accounts payable/receivable or use a clearing account.
1) Fixed asset accounting in SAP involves setting up asset master records, which are linked to asset classes. Asset classes determine default values and account determinations.
2) Account determinations link assets to general ledger accounts for costs, depreciation, accumulated depreciation, and disposals.
3) Depreciation keys define depreciation types and methods, while depreciation areas allow parallel valuation of assets for different purposes like book and tax.
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
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.
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This document provides instructions for implementing new Asset Accounting in SAP S/4HANA with Simple Finance. It outlines 15 steps to take in the customizing system and downstream systems. Key steps include installing SAP Simple Finance, migrating to the new General Ledger, migrating charts of depreciation, making additional customizing settings, activating the new Asset Accounting, and transporting the customizing changes to downstream systems. The document also provides details on copying reference charts of depreciation, assigning charts of depreciation to company codes, specifying number assignment across company codes, specifying account determination, and defining number range intervals.
The document discusses the key master data types used in cost center accounting (CCA) in SAP FI, including: cost centers, cost elements, activity types, statistical key figures, and resources. It explains that the master data types share characteristics like time dependency and inability to delete once transaction data is posted. It also defines concepts like primary and secondary cost elements, cost center groups, the standard hierarchy, activity types, activity prices, and the two types of internal orders.
GU_SAP S4 HANA_Budget Monitoring Using Statistical Orders or WBS Elements.docxMICKAEL QUESNOT
The document discusses how to set up statistical orders or WBS elements in SAP for budget monitoring of capital investments without using actual assets under construction. The key steps include:
1. Setting indicators on statistical orders/WBS elements to prevent settlement and use them only for planning and budget monitoring.
2. Defining asset balance sheet accounts as statistical cost elements to allow automatic posting of asset transactions to statistical orders/WBS elements.
3. Configuring additional settings to enable the automatic statistical updating between asset transactions and orders/WBS elements.
This document provides a listing of standard reports available in Oracle Assets. It includes over 70 reports organized into groups such as budget, asset listing, depreciation, accounting, tax, and transactions. Each report is described briefly, including the report type and purpose. The last column allows specifying whether each report will be used.
This document discusses setting up parameters and defaults in Enterprise Asset Management (EAM). It describes setting up:
1. EAM parameters such as maintained number defaults, cost defaults, and work request/order defaults.
2. Areas to logically group assets by location.
3. Departments and resources to represent crews and assign resources to work orders.
4. Category codes and sets to classify assets using classes and subclasses to simplify searching.
This document provides an overview of key organizational structure elements in SAP, including:
- Chart of Accounts (CoA) which defines the GL account structure and can include an Operating CoA and Group CoA for consolidation.
- Company Code which represents a legal entity and contains balanced books. Financial transactions must be associated with a Company Code.
- Business Area and Functional Area which provide alternative views of the organization below the Company Code level for reporting.
- Credit Control Area which is responsible for customer credit management.
- Operating Concern which is the highest level organizational unit in Profitability Analysis (CO-PA).
- Controlling Area which is the highest reporting level in Cost Center Accounting and links FI
This document provides an overview of key master data used in SAP PM (Plant Maintenance), including:
1. Equipment master data which tracks maintenance history and costs for individual physical objects.
2. Functional locations and measuring points which define where equipment is located.
3. Classes and characteristics which classify equipment and define maintenance specifications.
4. Tasks lists and bills of materials which define maintenance activities and parts.
5. Serial numbers and catalogs which identify individual equipment instances.
This document discusses changes to cost of goods sold (COGS) accounting and cost of production analysis (COPA) in SAP Simple Finance. It explains that SAP now recommends using account-based COPA rather than cost-based COPA because account-based COPA in Simple Finance can provide more detailed cost breakdowns and better reconciliation to the general ledger. The document also provides steps for customizing account-based COPA, including defining additional accounts to split the COGS posting and accounts to split production variance categories for financial reporting purposes.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
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How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
1. Levels of an Asset Management System
Assets can be defined at many levels and this is a common source of confusion about the nature and priorities of
‘Asset Management’.
PAS55 seeks to clarify the need for layered integration of what needs to be done - from life cycle optimisation of
discrete components or equipment items up to the sustained value-for-money obtainable from organization’s whole
portfolio of systems, networks, information, people, knowledge etc.
In each layer of increasing systems complexity, different problems and goals tend to be perceived, but the
underlying challenges of optimizing the blend of costs, performance, risks and sustainability exist.
The PAS55 expectations of good asset management include such systems integration awareness, and
require us to manage assets at levels of ‘granularity’ appropriate to value contribution or business criticality.
For more detail, case studies and other useful insights into the subject and how it is implemented in different
environments, please go to the Asset Management Body of Knowledge (IAM members only)
2.
3. CREATE MAIN ASSET
PURPOSE:
This transaction is used to create asset master records. The creation of main
Asset is very critical in nature, as the depreciation rates are assigned to asset
Classes.
PREREQUISITES:
Asset under construction (AUC) assets.
MENU PATH:
To go to the create asset: initial screen, use the following path:
ACCOUNTING- > FINANCIAL ACCOUNTING- > FIXED
ASSETS- >ASSET
->CREATE->ASSET
TRANSACTION CODE:
AS01
DESCRIPTION OF FIELDS
1. DESCRIPTION:
4. Description is the name of the asset created which we want to be maintained.
It means description of asset created e.g. COMPUTER. Description is the most
important field from which we can search the asset later, so we must be careful to
write the correct description of the asset.
2.ASSET MAIN NO.TEXT:
Used in reporting and accessing totals via asset main number. This
Field will have default value same as asset description.
3.ACCOUNT DETERMINATION:
The account determination determines the reconciliation
Accounts in the general ledger, as well as their offsetting
Accounts that are to be posted when certain business
Transactions are carried out. This field will be filled by default
From the asset class.
4.SERIAL NUMBER:
For new assets that are created, this field can be used to capture the serial
number of the manufacturer. The serial number maybe required when making
inquiries of the manufacturer. The serial number enables the manufacturer to
uniquely identify the asset.
5.INVENTORY NUMBER:
This field contains an inventory number for the asset in this field. The inventory number is output in the
standard inventory list for asset accounting. The inventory number will be auto generated in this field by the
system it will be shown after posting values to the asset.
6.QUANTITY:
Quantity is to be mentioned for all assets. This is a mandatory field in this screen in asset accounting. For
assets in which a base unit of measure is entered. You can enter a quantity when you post acquisitions and
retirements. Please always check after every transaction that the field is correctly updated. For instance after
retiring the asset the quantity will automatically be updated yet it is always safe to check once.
7.UNIT OF MASURE:
5. Unit of measure has to be mentioned to supplement the quantity figure. A list of units of measure is
available in the drop down menu.
8.MANAGE HISTORICALLY:
Set this indicator if you want the system to mange the asset with a history. Active history
management has the following effects: the asset is displayed in an asset chart. The asset and the
values belonging to it cannot be reorganized until the asset is deactivated. Ticked by default.
9.LAST INVENTORY ON:
You can enter the date of the last inventory in this field.
10.INCLUDE ASSET IN INVENTORY LIST:
Set this indicator if you want the asset to be counted in a physical inventory. This indicator ensures that
the asset is included in the standard inventory list of asset accounting. Assets without this indicator are
not output by the report. Ticked by default.
11.INVENTORY NOTE:
In this field you can specify additional asset information for the physical inventory report.
12.CAPITALIZED ON:
The system enters the asset value date of the first posting that results in the capitalization of the asset
in the field. The capitalization date is the value date of an asset. This date is not to be entered while
creating an asset. The date gets automatically updated when the first acquisition is posted to it through
settlement of AUC.
13.DEACTIVATION ON:
The system enters the asset value date of the retirement posting for a full retirement in this field. Once
an asset has been deactivated, you can no longer post to the asset. In order for you to be able to make
correction postings after an asset has been deactivated, you can also manually change the deactivation
date in the asset master record.
14.FIRST ACQUISITION ON:
The system automatically sets the asset value date of the first acquisition posting in this field. For
transferred assets, this is the field in which the system stores the capitalization date of the original asset.
15.PLAN RETIREMENT ON:
6. You enter a date here for the planned retirement date of the asset. This date has got nothing to do with
the depreciation rate of the asset or the depreciation calculation, which is actually booked. This filled
can be used for reporting purposes.
16.ACQUISITION YEAR:
The system automatically enters the fiscal year of the first acquisition postings in this field based on the
asset value date.
17.ORDERED ON:
Date of order of the asset. It is to enter manually.
.
7.
8. DESCRIPTION OF FIELDS
1.COST CENTER:
The SAP system uses the cost center assignment in the asset master record to determine the cost center affected
when the following types of asset posting are made:
1. Fixed asset depreciation
2. Gain/loss from asset sales
All cost centers within ATL have a unique cost center code that is available in a drop down. For assets that are
purchased for district offices etc, the cost center mentioned is the ATL location to which these assets belong.
Cost center is relevant to book depreciation on the asset. This field is relevant to get a standard report from SAP
sorted on the basis of cost centers.
2.RESPONSIBLE COST CENTER:
Cost center that is responsible for the asset, but which does not carry the depreciation for the asset. You can use
the plant assignment in the asset master record to perform plant-specific analysis in assets accounting. All plants
within ATL have a unique plant code that is available in a drop down.
4.LOCATION:
At ATL, this field is not proposed to be used.
In this field you can designate a specific room for the asset. The field is used as a sort criterion in reports.
6.PERSONNEL NUMBER:
The personnel number is the only feature within a client, which is unique to an employee. You have to enter a
personnel number before you can display and maintain an employee’s master data and time data. Assigning
assets to a personnel number enables you to perform evaluations within asset accounting for specific personnel
numbers. Personnel number is the employee code of the employee.
7.ASSET SHUTDOWN:
9. Set this indicator if you want to shut down the asset for the displayed period
of time. No depreciation will be calculated for assets that have been shut down
when you use an appropriate depreciation key.
10.
11. DESCRIPTION OF FIELDS
1.SEGMENT:
Evaluation groups’ server to classify fixed assets in any way you need. You can enter the valid entries for
these evaluation groups from the drop down menu. Evaluation groups are mandatory to assign.
2.PHYSICAL LOCATION:
You can enter the relevant physical location of the asset from the drop down menu.
` 3.PROJECT CLASSIFICATION:
You can enter the relevant project classification of the asset from the drop down menu. This EV is mainly
meant for identifying project assets.
4.EVALUATION GROUP 4:
This field is not proposed to be used at present.
5. EVALUATION GROUP 5:
This field is not proposed to be used at present.
MENT REASON:
This field specifies the reason foe an asset investment.
ONMENTAL INVESTMENT:
You can enter the reason for an environmental investment in this field. This field is activated only if investment
reason is environmental investment. This field can be used, for example, as a sort of criterion for asset reporting.
You can use these reports as a basis for statistical reports for government offices.
SUPER NUMBER:
Asset super number, to which an asset is to be assigned. Several assets can be assigned to an asset super number.
Data relating to the asset super number can be analyzed together.
RONIZATION:
12. Specifies that the system automatically create an equipment master record when an asset is created, and enters
values from the asset in the fields of the equipment master record. Changes to the asset master record are also
reflected in the equipment master record.
In this way, you are able to guarantee that certain master data fields in the asset and equipment master record
always have the same values. The field is completed based on the conditions set in customizing for the synchronizing
for the synchronizes those fields for which field assignments were entered and activated in customizing.
While entering allocations screen, it is required to select one of the equipment categories out of four
1.PLANT AND MACHINERY-FACTORY
2.WATER SUPPLY INSTALLATION-FACTORY
3.ELECTRICAL INSTALLATION-FACTORY
4.AIR-CONDITIONING AND REFRIGERATION-FACTORY
5.POLLUTION CONTROL RQUIPMENT
Before you save the asset, the system displays the customizing settings for creating an equipment master record
from an asset master record. After you save, it displays the settings for changing equipment master records.
MENT NUMBER:
Number by which a piece of equipment can be clearly identified. It will be displayed after saving the asset.
MENT CATEGORY:
Key for distinguishing individual technical objects according to their use. Possible uses might be machinery, device,
production resource/tool, and customer equipment.
T TYPE:
Type of technical object.
IPTION TECHNICAL OBJECT:
Description of technical objects in the form a short text. It will be populated from description of the asset.
13.
14.
15. DESCRIPTION OF FIELDS
R:
This field is used to capture the vendor code. In case, the asset has been purchased against a purchase order, the
vendor name listed in the purchase order gets automatically updated in the asset master record.
In other cases, this can be updated manually while creating AUC assets. In this field we will mention the vendor
name to keep the history of the asset and if the vendor is not a one-time vendor than the same can be searched from
the drop down available.
ACTURER:
You can enter the manufacturer of the asset in this field. This field is currently for informational purposes only.
PURCHASED NEW:
Set this indicator if the asset was purchased new. This indicator is currently for informational purpose only.
PURCHAED USED:
Set this indicator if the asset was second-hand when it was acquired.
NG PARTNER:
At ATL, this field is not proposed to be used.
RY OF ORIGIN:
In this field you can specify the country of origin for the asset. By this field, imported assets can be separately
identified.
AL ASSET:
This field contains the number and sub-number of the original asset, which was transferred to the asset being
displayed. For example, the system stores the number of the asset under construction in this field that was settled to
the displayed asset. If more than one transfer has taken place, the system displays the asset number of the first
transfer here.
RED ON:
Date of acquisition of original asset.
AL VALUE:
Acquisition value in which the asset before the asset transfer. This field is not automatically filled; you need to
maintained it manually.
16.
17.
18. DESCRIPTION OF FIELDS
CATION KEY:
Using this key you can classify the fixed assets by net worth tax criteria.
TY INDICATOR:
Using this indicator, you can classify the fixed assets according to property law requirements.
ICE:
You can enter the appropriate tax office for the piece of real estate in this field.
OTICE:
You can enter the date of the last notice of assessment in this field.
OTICE TAX NO.:
You can enter the tax number of the notice of assessment in this field.
ALITY:
In this field you can enter the local authority responsible for the real estate.
You can enter the area of the land in this field. Unit of area for entering surface areas.
19.
20. DESCRIPTION OF FIELDS
The insurance type defines the most important control features for determining the insurable value of an asset.
Here you have to enter appropriate insurance type from the drop down menu.
PANIES:
You can use this key to define the insurance company, with which the asset is insured from drop down menu.
ENT NO.:
You can enter the insurance policy number for the asset in this field.
MENTARY TEXT:
You can enter additional text relating to the insurance data for the asset in this field.
ATE:
Date from which the asset is insured. Once you have entered an insurance type in the asset master record, the
system uses the capitalization date of the asset to calculate the base insurable value.
You enter an insurance rate in the asset master record in this field. This field currently serves informational
purposes only. It has no affect on the calculation of the insurance value.
ERIES:
You can enter an index series for determining the insurable value in this field.
EAR CHANGE:
Fiscal year in which the insurable value for the asset. If the insurable value is to be maintained manually, the
flag “manual update” should be set.
21.
22. DESCRIPTION OF FIELDS
COMPANY:
Company with which the leasing contract was made. For leased assets that require capitalization, the periodic
lease payments are posted as payables against the vendor
Once the automatic opening entry has been made.
ENT NUMBER:
Specify the number of the lease in this field. This field is currently for in formational purposes only
ENT DATE:
You can enter the date of the leasing contract in this field. This field is currently for informational purposes
only.
TART DATE:
Date on which the leasing contract begins. For leased assets that require capitalization, payments will be posted
as payables to the vendor beginning on this date when the opening posting is automatically entered. At the
same time, this date serves as the value date for the capitalization of the leased asset.
ENGTH:
Enter the length of the leasing agreement here in fiscal years. If the length of the lease exceeds a year, enter the
additional time in fiscal periods. For example, a lease that runs for 18 months is entered as 1 year and 6
months.
The leasing type enables you to categorize the various forms of lease contracts. The leasing type also contains
the following posting information: transaction type, document type, sales tax indicator, and posting key for the
leasing liabilities. The above information is required for the posting of the opening entry for leased asset that to
be capitalized.
LUE AS NEW:
You can specify the estimated market price of the leased asset here. The theoretical purchase price can be
displayed in the standard leasing report as the statistical acquisition cost.
SE PRICE:
You can enter the purchase price of the leased asset after the lease has expired. This field is currently for
informational purposes only.
T CYCLE:
The lease payment cycle determines the periodic intervals at which lease payments are made.
CE PAYMENT:
23. Set this indicator, if the payments to the lessor are to be paid in advance. The advance payment method has
two effects in the system.
PAYMENT:
As the lease payment you should specify the amount, which is regularly paid to the lessor at intervals specified
in the leasing cycle.
24.
25. DESCRIPTION OF FIELDS
ATION AREA:
Each depreciation area is set up to handle depreciation for a particular purpose. Every depreciation area
belongs to at least one chart of depreciation, and is managed independently from other depreciation areas.
However, you can define depreciation areas so that it is possible to use one area to check the values of another
area, or so that one area can take over values from another area
ATION KEY:
The depreciation key controls the valuation of the asset in the particular depreciation areas. The depreciation
key consists of the following: calculation method for the automatic calculation of interest, ordinary and special
depreciation, and various control indicators.
LIFE:
In case of ATL, useful life has got no significance for most asset classes as far calculation of depreciation goes
because depreciation rates are stated percentages which are defined by companies act 1956 and income tax act
1961.
ATION START DATE:
Automatically populated from depreciation key, check the depreciation start date will be the first day of the
month in which capitalization is done.
Index series for the calculation of replacement values based on the acquisition and production costs or the
replacement value from the previous year. By using indexing of asset values, you can take price changes into
account that result from- inflation, technological advancement.
26. ACQUISITION OF ASSETS AGAINST EMPLOYEE ADVANCES
OSE:
ript describes the process of posting asset acquisitions against advances given to employees. Advances to employees are
s per employee’s entitlements in HR module. Advances are treated as down payments in SAP. Employees are treated as
s in SAP. When hard furnishing advance is given the employee vendor account is debited and when the advance is
d the vendor account gets credited and asset will get debited. This accounting will happen in AP and asset modules in
EQUISITES:
yee should have taken a capital advance for the purchase of furniture item under hard furnishing/ own your car scheme.
atively, if employee has taken no advance and bill is settled directly, then it is required to show advance payment first
en capitalize it using this transaction.
PATH:
o the asset acquisition to clearing account: header data screen, use the following menu path:
ACCOUNTING->FINANCIAL ACCOUNTING->ASSET ACCOUNTING->POSTINGS->
EXTERNAL ASSET ACQUISITION->CLEARING OFFSETTING ENTRY
SACTION CODE:
27.
28. DESCRIPTION OF FIELDS
UMENT DATE:
The document date is the date on which the original document is issued. The document date entered here will
be taken as asset value date by the system.
TING DATE:
The date when the document is entered in financial accounting or controlling.
UMENT TYPE:
This will be defaulted as AP type of document posted. Therefore no need to enter.
MPANY CODE:
The company code in which the transaction is being carried out
OD:
In the case of accounting documents, the period to be updated is either taken from the posting date or, if a
special date or, if a special period is to be updated instead of the last period of a fiscal year, entered manually.
System will update it based on posting date.
RENCY/RATE:
Mention INR as the document currency.
UMENT NUMBER:
Generated by system automatically.
ERENCE:
Capture the invoice number here.
NSACTION TO BE PROCESSED:
Select the option “transfer posting with clearing” put a tick here to carry out the transaction.
STING KEY:
Do not mention any posting key just go to choose open items.
29.
30. DESCRIPTION OF FIELDS
MPANY CODE:
This will get defaulted.
OUNT:
Mention the vendor account number. You will mention the employee number as given by SAP.
OUNT TYPE:
Mention the account type as K for vendors.
CIAL G/L INDICATOR:
Mention special G/L indicator as K IN CASE OF FURNITURE ADVANCE AND m in case of vehicle
advance to the employees.