Asset Accounting

[Former Member]

Hi All,

Can anyone help me in understanding as to what is the purpose of Asset Accounting in SAP....Why do we prepare Asset accounting...Please let me know the significance of this....

Thanks & Regards,

Rohini....

[Former Member]

Hi,

In accounting, everything we do is only for derivation of information. Maintaining separate ledger (module) for assets helps in getting/maintaining the detailed information about the assets. In asset accounting similar assets are grouped together (called as asset class). This will help in calculating depreciation and in balance sheet also we can show all these assets under one head.

Maintaining separate ledger for Assets is not a statutory requirement, it is a way of mantaining assets records efficiently for management information purpose.

Radha

[Former Member]

asset accounting mainly using for the assets valuation, how much depreation apot to particular asset. which model is used for caluclation of depreciation. caluclation of sale of asset all the caluclation taken in asset accounting.

[Former Member]

Hi Sridevi,

I have seen the steps.Its good, but I want to know the meaning of the terms Account Determination,What is the purpose of Screen Lay out, Asset Class, Dep.Areas.

And I want to change from one method to another.Please reply to these questions.

Thanks in Advance

Regards,

S.VINAYA KUMAR

vinaya.skumar@gmail.com

[Former Member]

Hello

Every organization manage assets. They acquire / depreciate / scrap / lease / sell / revalue assets.

Managing assets is an important because most of the shareholder's / investors money is invested in assets for a return on investment.

In SAP, Asset accounting is a sub module, to record all asset related transactions and report on the status of every asset.

With proper configuration all assets can be managed and reported as per all legal requirements and management requirements.

Reg

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[sridevi_p]

Hi,

Asset Accounting - is to manage the assets of the company.

By reading the steps, the importance of asset accounting is also known

Configuration -

Step 1 – COPY CHART OF DEPECIATION

EC08 – IMG>Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Copy reference chart of depreciation/depreciation area

Step 2 – ASSIGN COMPANY CODE TO CHART OF DEPRECIATION

OAOB – IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Assign chart of depreciation to company code

Step 3 – ASSIGN FINANCIAL STATEMENT VERSION TO EVERY DEPRECIATION AREA

OAYN – IMG >Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Specify statemement version for asset reports

Step 4 – IDENTIFY YOUR ASSET CLASSES

Step 5 – IDENTIFY YOUR ACCOUNT DETERMINATION & SCREEN LAYOUT FOR YOUR ASSET CLASSES

SPRO – IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Asset Classes > Specify required entries for asset master data

Step 6 – IDENTIFY YOUR GL ACCOUNTS FOR YOUR ASSET CLASSES

Step 7 - DEFINE YOUR NUMBER RANGE

AS08 – IMG > Financial Accounting > Asset Accounting > Organizational Structures > Asset Classes > Define number range interval

Step 8 - DETERMINE DEPRECIATION AREAS IN ASSET CLASSES AND SCREEN LAYOUT

A021 – IMG > Financial Accounting > Asset Accounting > Master Data > Screen Layout > Define screen layout for asset depreciation areas

OAYZ – IMG > Financial Accounting > Asset Accounting > Valuation > Determine depreciation areas in the asset class

Step 9 – GENERATE ASSET CLASSES FROM GL ACCOUNTS

ANKL – IMG – Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Asset Classes > Generate Asset Classes from G/L Accounts

Step 10 – COMPLETE DATA FOR ASSET CLASSES SETTING REQUIRED ENTRY FIELDS

SPRO – IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organization Structures and Master Data > Asset Classes > Specify requires entries for asset master data

OAYZ – IMG > Financial Accounting > asset Accounting > FI-AA Implementation Guide (Simplified Version) Organizational Structures and Master Data > Asset Classes > Enter default values in asset classes

AO90 – IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Assign additional G/L accounts for transactions/depreciation

Step 11 – SETTING UP SPECIAL ASSET CLASSES

OAYK – IMG > Financial Accounting > Asset Accounting > Valuation > Specify max amount for LVA + asset classes > Specify amount for low value assets

OAY2 – IMG > Financial Accounting > Asset Accounting > Valuation > Specify max amount for LVA + asset classes > Specify LVA asset classes

Step 12 – SPECIFY INTERVALS AND POSTING RULE

OAYR – IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Specify intervals and posting rules

Regards,

Sridevi

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