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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These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly.

Enter business area on the Time Dependent data tab screen Cobfiguration. Based upon screen layout, asset master input fields are either required or optional or suppressed.

Further it provides default depreciation keys while creating the master data. This will be applicable only if you have different group currency else forget this step. Close the year in the asset transaction Reset Reconciliation account in production transfer settings.

Display the asset using the Asset Explorer 2.

This defines which financial statement version should SAP use for each depreciation area as a default. The settlement profile is applicable asste assets under construction. This link is created by the account determination key in each asset class.

Aaccounting you create your own chart of depreciation, you must copy a reference chart of depreciation. If needed, an asset class can be deactivated in any particular depreciation area. In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy.


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

Each chart of depreciation contains the rules for the evaluation of assets that are valid in a specific cnfiguration or economic area. For creating asset master T code: A chart of depreciation is a directory of depreciation areas arranged according to business requirements.

Asset number, GL accounts, screen layouts are derived from asset class. Since the asset accounts are not more recon accounts all the asset related account configyration will also go through. Each company code defined in Asset Accounting must refer to a chart of depreciation. But they are subject to wear and tear, and to provide for this we need to depreciate them.

For the rest, transactions to the general ledger can be posted automatically using periodic processing. Asset inherits account determination key from asset class.

Check the Transfer date Have the exchange rate defined in the system. This default applies when the financial statement version is contained in the sort version used for a given report.

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

Here we give the accounting document type to be used in depreciation postings, for the company code. Once input fields in asset master are filled, click on the save button. Many values are derived from asset class while creating the master data.


All these configuration settings has been discussed below: You can define any number of asset classes in the system.

ASSET ACCOUNTING Configuration Steps in SAP FICO

Based on asset classes, we also assign the account assignment for various transactions pertaining to that asset class. You can change the definition of the depreciation areas that were copied from the standard depreciation plan, and add additional depreciation areas if required: 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.

These values are defaulted whenever postings to assets of these classes is done. Individual assets must compulsorily be assigned to an asset class at time of creating them, e.

In Asset Accounting you can assign the main asset number on the basis of cross-company codes. Some of these characteristics of fixed assets which necessitate a separate Asset accounting module, are given below: For the asset class, useful life and depreciation conffiguration is defined in depreciation azset. The most important function of an asset class is to link asset master records to their respective general ledger accounts in Financial Accounting.

From asset class, system picks screen layout.