Asset Accounting Overview: Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a . The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for. Germany, the. Asset Accounting Configuration. The Asset Accounting module. 1. Organizational structures. In this section, you define the features of the Asset Accounting.
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Some of these characteristics of fixed assets which necessitate a configiration Asset accounting module, are given below: Ecc6 values are defaulted whenever postings to assets of these classes is done. Take a report of the takeover value and accumulated depreciation Upload BDC for the account codes of the opening balances. Data transfer from a legacy system is usually the first activity that you need to perform in a new production system after configuration and asset classification.
You can assign several asset classes to the same account determination key. This will be applicable only if you have different group currency else forget this step.
Asset Accounting Configuration Steps in SAP FICO | Asset Accounting – SAP Training Tutorials
Asset inherits account determination key from asset class. Screenshot showing parameters maintained in asset class T code: This is the problem that you are facing. These charts of depreciation are only aszet for customer charts of depreciation and therefore, cannot be used directly. In Asset Accounting you can assign the main asset number on the basis of cross-company codes.
The asset accounting module in SAP is one where the accounting pertaining to fixed assets is done.
On the Master Data screen: Further it provides default depreciation keys while creating the master data. Asset number, GL accounts, screen layouts are derived from asset class. Chart of depreciation has list of depreciation areas depending upon the accounting requirement. 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.
All these configuration settings has been discussed below: Accpunting, Plant and Machinery etc. In addition to the manual transaction, there are three more methods for transferring legacy data automatically: I hope this will help the readers with the basic settings required for configuring Asset Accounting in SAP 6.
The applicable date should be the date on which oldest asset was capitalized and the rate should be same as Dec Enter your asset class field in for your company code B. Each chart of depreciation contains the rules for the evaluation of assets that are valid in a specific country or economic area.
SAP can post the APC transactions of one depreciation area to the general ledger online automatically.
Asset accounting configuration needed in sap
Based upon screen layout, asset master input fields are either required or optional or suppressed Once input fields in asset master are filled, click on the save button. Based upon screen layout, asset master input fields are either required or optional or suppressed. This link is created by the account determination key in each asset class. AS91 The procedure is the same as in Create asset. You can change the definition of the depreciation areas that were copied from the standard depreciation plan, and add additional depreciation areas if required: Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run.
Enter a description of the old asset. 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. This default applies when the financial statement version is contained in the sort version used for a given report. You can either transfer data automatically from a legacy system using any of the following:.
In addition, you also have the feature Takeover values where you enter the Acquisition and Production costs and the accumulated depreciation values for the different depreciation areas.
ASSET ACCOUNTING Configuration Steps in SAP FICO
Each company code defined in Asset Accounting must refer to a chart of depreciation. We can give settlement profile 10 to enable settlement to all receivers. If needed, an asset class can be deactivated in any particular depreciation area.
Company code is assigned to chart of depreciation.
Enter business area on the Time Dependent data tab screen D. Here, asset classes are assigned default values for the depreciation key and useful life.
Close the year in the asset transaction Reset Reconciliation account in production transfer settings. From asset class, system picks screen layout.
The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation.