Download this free SAP FICO Configuration Guide, pdf material from Payable 9 Accounts Receivable 10 Asset Accounting ; 2. Asset Management – Overall Logical Architecture. S/4HANA SAP EAM Plant Maintenance Improvements: Counting . Release: ECC EhP7 SP08 ability to configure the layout of Invoice mgmt. and Accounts payable. Concatenate XML file type JAVA versions. Also a summary description of the configuration made for the programs to work, is .. b) For 20 years, for construction or purchasing a real estate assets, or for transforming o The solution is provided for SAP Add-on component Core as of release ECC To get a.
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Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run.
For the rest, transactions to the general ledger can be posted automatically using periodic processing. These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly. Let’s understand the configuration needed for asset accounting in very simple terms with the help of example. For creating asset master T code: I hope this will help the readers with the basic settings required for configuring Asset Accounting in SAP 6.
Each company ecd6 defined in Asset Accounting must refer to a chart of depreciation. Asset inherits account determination key from asset class. These include transactions like acquisition of fixed assets, sale of fixed assets, in-house development of assets, settlement of WIP, and configurqtion for depreciation on fixed assets and so on. In Asset Accounting you can assign the main asset number on the basis of cross-company codes.
All these configuration settings has been discussed below: A Table purchased may be booked as a individual asset linked to an asset class “Furniture”. Asset number, GL accounts, screen layouts are derived from asset class.
If needed, an asset class can be deactivated in any particular depreciation area. Here we can define how the controlling area posting of cost required for each asset transaction type. A separate Asset Accounting Module is required for these transactions because there are some distinguishing characteristics of fixed assets as compared to normal General Ledger accounts.
We configure the account assignment objects inn can be posted based on: You can use them to structure your fixed assets according to different criteria. Screen Layout rules are created to make it easier to maintain the asset master data as the asset master contains a large number of fields which are on for different purposes.
ConfigurayionGuest Login Register. A t tachments 0 Page History. The settlement profile is applicable to assets under construction.
Asset accounting configuration needed in sap
The most important function of an asset class is to link asset master records to their respective general ledger accounts in Financial Accounting. SAP provides country-specific charts of depreciation with predefined depreciation areas. This defines which financial statement version should SAP use for each depreciation area as a default. Could you please add corresponding tables as well, this adset really help when sp are doing support or projects.
A chart of depreciation is a directory of depreciation areas arranged according to business requirements.
Asset accounting configuration needed in sap – sap concept hub
But they are subject to wear and tear, and tiletype provide for this we need filetyoe depreciate them. Here, asset classes are assigned default values ecv6 the depreciation key and useful life.
Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: Based upon screen layout, asset master input fields are either required or optional or suppressed. In the Asset Accounting Module, we can categorize individual fixed assets into asset classes, and thus we can meet this requirement. When you assign a Chart of Depreciation, you assign a Company code for asset accounting.
Screenshot showing how to deactivate depreciation area in asset class T code: Individual assets must compulsorily be assigned to an asset class at time of creating them, e. Here we give the configueation document type to be used in depreciation postings, for the company code. As given earlier, companies are required to classify their assets in the balance sheet into different broad heads, and asset classes may be created to suit these.
Calculated depreciation amount is posted to accounts which are assigned to account determination key. This link is created by the account determination key in each asset class.
Chart of depreciation has list of depreciation areas depending upon the accounting requirement. From asset class, system picks screen layout.
Company code is assigned to chart of depreciation.
Asset Accounting Configuration Steps in SAP | Asset Accounting FICO – SAP Training Tutorials
When an accounting document is generated for asset transaction, GL accounts for accounting document are picked from account determination key. Land, Plant and Machinery etc. From company code, chart of depreciation is picked which in vonfiguration leads to determination of depreciation areas. Such feature is not there in the normal GL Accounting. Asset picks useful life and depreciation key for each depreciation area from depreciation area and asset class combination.
The asset accounting module in SAP is one where the accounting pertaining to fixed assets is done.
The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation. Acckunting can give settlement profile 10 to enable settlement to all receivers.
Created by Guestlast modified by Nathan Genez on Oct 12, This facility of settlement is provided by the Asset accounting module. In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy.
When depreciation run is executed, depreciation amount is calculated from APC value, useful life and depreciation key. When you create your own chart of depreciation, you must copy a reference chart of depreciation. Further it provides default depreciation keys while creating the master data.