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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Since the asset accounts are not more recon accounts all the asset related account data will also go through.

Here we can define how the accountting area posting of cost required for each asset transaction type. Asset picks useful life and depreciation key for each depreciation area from depreciation area and asset class combination.

For the asset class, useful life and depreciation key is defined in depreciation area.


Usually this is the book depreciation area This defines which financial statement version should SAP use for each depreciation area as a default. Upload the asset master using the BDC using as91 transaction. But they are subject to wear and tear, and to provide for this we need to depreciate them. 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.

The procedure is the same as in Create asset. AS91 The procedure is the same as in Create asset. This is the problem that you are facing.


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. From company code, chart of depreciation is picked which in turn leads to determination of depreciation areas.

This will be applicable only if you have different group currency else forget this step. Click on Enter an acquisition value in the Book Depreciation column Enter the following ordinary depreciation values: 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 used for different purposes.

In Asset Accounting you can assign the main asset number on the basis of cross-company codes.

Asset accounting configuration needed in sap – sap concept hub

We configure the account assignment objects that can be posted based on: These include transactions like acquisition of fixed assets, sale of fixed assets, in-house development of assets, settlement of WIP, and accounting for depreciation on fixed assets and so on. This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on.

A t tachments 0 Page History. Copy reference Chart of Depreciation: When depreciation run is executed, depreciation amount is calculated from APC value, useful life and depreciation key. Compare the values that have been uploaded of account balances and that of the Asset values Set the Recon account to normal. The most important function of an asset class is to link asset master records to their respective general ledger accounts in Financial Accounting.


ASSET ACCOUNTING Configuration Steps in SAP FICO

A chart of depreciation is a directory of depreciation areas arranged according to business requirements. A separate Asset Accounting Module is required for these transactions because there rcc6 some distinguishing characteristics of fixed assets as compared to normal General Ledger accounts. Enter your asset class field in for your company code B. On the Master Data screen: All these configuration settings has been discussed below: These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly.

When you assign a Chart of Depreciation, you assign a Company code for configurattion accounting.

This link is created by the account determination key in each asset class. The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation.

You can either transfer data automatically from a legacy system using any of the following:. Check the Transfer date Have the exchange rate defined in the system.

Some of these characteristics of fixed assets which necessitate a separate Asset accounting module, are given below: Land, Plant and Machinery etc. Individual assets must compulsorily be assigned to an asset class at time of creating them, e. You can change the definition of the depreciation areas that were copied from the standard depreciation plan, and add additional depreciation areas if required:

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