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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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 asaet different purposes.

Asset Accounting Configuration Steps in SAP FICO | Asset Accounting – SAP Training Tutorials

Screenshot showing how to deactivate depreciation area in asset class T code: Land, Plant and Machinery etc. The most important function of an asset class is to link asset master records to their respective general ledger accounts in Financial Accounting.

Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: In other words, classification of fixed assets for asxet sheet disclosure purposes becomes easy. The settlement profile is applicable to assets under construction. Based upon screen layout, asset master input fields are either required or optional or suppressed.

On the Master Data screen: You can either transfer data automatically from a legacy system using any of the following:. This is the problem that congiguration are facing. Here, asset classes are assigned default values for the depreciation key and useful life.


Company code is assigned to chart of depreciation. Enter a description of the old asset. Usually this is the book depreciation area Here check all the accounts that will be affected It will be take over value and the accum depreciation and save. When an accounting document is generated for asset transaction, GL accounts for accounting document are picked from account determination key. SAP can post the APC transactions of one depreciation area to the general ledger online automatically.

Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide

All these configuration settings has been discussed below: This defines which financial statement configurstion should SAP use for each depreciation area as a default. For the asset class, useful life and depreciation key is defined in depreciation area. You can define any number of asset classes in the system.

SAP provides country-specific charts of depreciation with predefined depreciation areas. The procedure is the accountinf as in Create asset. Many values are derived from asset class while creating the master data.

A t tachments 0 Page History. In addition to the manual transaction, there are three more methods for transferring legacy data automatically: Take a report of the takeover value and accumulated depreciation Upload BDC for the account codes of the opening balances.

Asset accounting configuration needed in sap – sap concept hub

The applicable date should be the date on which oldest asset was capitalized and the rate should be same as Confjguration You can change the definition of the depreciation areas that were copied from accountingg standard depreciation plan, and add additional depreciation areas if required: Asset classes are the most important structuring elements for fixed assets. Enter business area on the Time Dependent data tab screen D.


These values are defaulted whenever postings to assets of these classes is done. If needed, an asset class can be deactivated in any particular depreciation area. Here we give the accounting document type to be used in depreciation postings, for the company code.

Check the Accountjng date Have the exchange rate defined in the system. 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.

WelcomeGuest Login Register. Created by Guestlast modified by Acclunting Genez on Oct 12, Chart of depreciation has list of depreciation areas depending upon the accounting requirement. Screenshot showing parameters maintained in asset class T code: For creating asset master T code: Enter your asset class field in for your company code Eecc6. For this, in the production startup in the earlier mentioned spro path, click on the set reconciliation account and run it for all the applicable company codes Run the new year opening in the asset accounting.