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
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.