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Assest Accounting

Can Some one help me with Details Assets Accounting Procedure and Transaction Codes and the relevant Posting and effects in the Accounting Books.

Regards

Noel

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 03, 2007 at 05:36 AM

    HI these are the tcodes for asset accounting:

    AS01 General Master Data / Organizational Assignments

    AS02 Change Master Data

    AW01N Asset Explorer (Asset Value Display)

    F-90 Acquisition Integrated with Accounts Payable Accounting

    ABZON Acquisition with Automatic Offsetting Entry

    ABZE Acquisition Internal Production

    F-92 Retirement with Revenue and Customer

    ABAON Retirement with Revenue Without Customer

    ABAVN Retirement due to Scrapping

    ABUMN Intracompany Transfers

    AIAB Settling Assets Under Construction

    F-47 Down Payments for Assets Under Construction: Post the Down Payment Request

    F-48 Posting the Down Payment

    F-54 Clearing the Down Payment

    AFAR Periodic Processing: Recalculating Values

    AFAB Depreciation Posting Runs

    AJRW Fiscal Year Change

    AJAB, OAAQ, OAAR Year-End Closing

    AS91 Master Data Migration

    AS92 Master Data Migration - Change Asset

    AS94 Master Data Migration - Sub-number

    regards

    ss

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 03, 2007 at 05:45 AM

    Hi

    The minimum configruation of Asset Accounting - Pls. do the customization as per requirements

    1. Unit I

    a. Minimum Configuration

    i. Create assets in fixed accounts in FS00

    ii. Create ‘Accumulated Depreciation Reserve’ for each asset under ‘Reserves’ account group

    1. Reconciliation Account – A: Assets

    2. Select ‘Line item display’

    3. Sort Key: 018

    4. Field Status Group: G067

    iii. Create ‘Depreciation’ under expense account group

    1. Select ‘Only balance in local Currency’

    iv. Create ‘Loss on sale of asset’ under expense account group

    v. Create ‘Scrap’ under expense account group

    vi. Since asset is a reconciliation account, sale of asset cannot be done directly. Hence create ‘Sale of asset’ under Income account group. This is done for offsetting.

    vii. Create ‘Profit on sale of asset’ in Income account group

    b. Creation of Chart of Depreciation –

    i. IMG  Financial Account  Asset Accounting  Organization Structure

    1. Copy Reference chart of depreciation / depreciation area

    a. Copy reference CoD

    i. Click Copy icon

    ii. Source CoD – 0DE; To: Any Text

    iii. OK

    b. Specify description of CoD

    i. Search your CoD

    ii. Change the description

    iii. Save

    c. Copy / Delete Depreciation area

    i. Give CoD

    ii. Except 01, delete the other 10 entries

    iii. Save (Ignore all errors)

    ii. IMG  Financial Account  Asset Accounting  Integration with GL Assign input tax indicator for non taxable acquisition

    1. Give Co Code

    2. Input Tax – V0

    3. Output Tax – A0

    4. Save (Ignore Warning)

    iii. IMG  Financial Account  Asset Accounting  Organization structure  Assign CoD to Co code

    1. Give Co code

    2. Assign CoD

    3. Save

    c. Asset Class - IMG  Financial Account  Asset Accounting  Account class

    i. Specify Account Determination (Moderator for Asset & GL)

    1. New Entries

    2. Account Determination (Any text)

    3. Description (Any Text)

    4. Save

    ii. Create Screen layout rules

    1. Copy from 1100 – Building (Predefined)

    2. Click ‘Copy’ icon

    3. Change the name and description

    4. Save (Do this step for all assets)

    iii. Define number range interval

    1. Enter co code

    2. Click ‘Change Interval’

    3. Create separate number range for each assets

    4. Save

    iv. Define asset Classes (For each asset group)

    1. New Entries

    2. Asset Class: Any text

    3. Asset Type:

    a. Account Determination: Step ci

    b. Screen Layout: Step cii

    c. Number range: Step ciii

    v. IMG  Financial Account  Asset Accounting  Valuation  Determine depreciation area in the asset class

    1. Select your asset aclass

    2. double click on ‘Depreciation area’ folder

    3. Activate only ‘Book depreciation’

    4. Layout: 2000 (for all)

    5. Save (do for all asset class)

    d. Integration of Asset and General Ledger - IMG  Financial Account  Asset Accounting  Integration with GL

    i. Assign GL Accounts(By default CoD is assigned to CoA)

    1. Select the CoA

    2. Double click ‘Account Determination’ folder

    3. Select the Account determination

    4. Double click Balance Sheet Accounts

    a. Acquisition & Production cost – GL account number of corresponding fixed asset

    b. Loss made on asset retirement w/o revenue – GL account of Scrap

    c. Clearing account – revenue from sale – Asset Sale GL account

    d. Gain from Asset sale – Corresponding GL a/c

    e. Loss from asset Sale – Corresponding GL a/c

    5. Double click on ‘Depreciation folder’

    a. Acc. Depn account for ordinary depn – Acc. Depn reserve account GL account number

    b. Expense account for ordinary depreciation – Depn GL account number

    Do the same settings for each assets

    2. Unit II

    a. Depreciation Key calculation: - IMG  Financial Account  Asset Accounting  Fixed Asset account  Depreciation  Valuation method  Depreciation key  Calculation method

    i. Define base method

    1. Method used as base is 0014

    ii. Define declining balance method – 001

    iii. Define multi level methods

    1. New entries

    2. Multi level method: Any text

    3. Description: Any text

    4. Validity start: 2: From ord. depn. Start date

    5. Double click on ‘Levels’ folder

    a. New entries

    b. Acq Year

    c. Year of usage

    d. Period per year: 12

    e. Base value:

    i. If WDV : 24

    ii. If SLM: 01

    iii. Percent (Rate of Depn)

    f. Save

    iv. Maintain Period Control Methods

    1. New entries

    2. Description : Any text

    3. Acquition: 01: Pro Rata at period start date

    4. Addition, retrun, tfr: 01

    v. - IMG  Financial Account  Asset Accounting  Fixed Asset account  Depreciation  Valuation method  Depreciation key  Maintain Depreciation key

    1. New Entries

    2. Depr key: Any text

    3. Description

    4. Select Period Control accounting to fiscal year

    5. Double click ‘Assignment of calculation methods’

    a. New Entries

    b. Depn type: Ordinary

    c. Phase:1

    d. Base Method: 0014

    e. Decl. bal method: 001

    f. Prd Control: 006 – 2aiv

    g. Multi level: 2aiii

    h. Class: 2

    i. Save

    j. Go 4 steps back, go to the initial scree and check for depreciation key created now

    k. Select your depreciation key and click ‘Activate’

    l. Save

    m. Similarly do for SLM, where Multilevel Method: give corresponding method; Class: 1

    3. Unit III

    a. Asset Master Data creation – Easy Access  FA Asset  Create (AS01)

    i. Give Co. code

    ii. Class: Select the asset class

    iii. No. of similar Assets : 1

    iv. Enter

    v. General:

    1. Description

    2. Account Determination: automatic

    3. Capitaliosed on:

    vi. Depreciation area

    1. Depn key – Give the key

    2. Useful lie

    3. Period: Months

    4. Ord depn start date:

    5. Save

    Create similarly for each asset group

    b. Posting

    i. Purchase of asset (f-90)

    1. Doc Date

    2. Account: Vendor Account GL

    3. Posting key: 70

    4. Account: Give the asset name

    5. Transaction type: 100

    Note: Asset Explorer: AW01N

    c. Calculation of Depreciation - Easy Access  FAPeriodic processing  Depreciation run (AFAB)

    i. Co code

    ii. FY

    iii. Posting period

    iv. Select List assets

    v. Select Planned posting

    Other TCODES:

    ABAON – Asset sale w/o customer

    ABAVN – Asset sale with scrap

    Best Regards

    Ashish Jain

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