FI - AA Integration in sap fico. Ch Ramana. Download PDF. A short summary of this paper. Asset Accounting Configuration Document Version 1. The system settings required for Asset Accounting are maintained here. Areas In this step, standard chart of depreciation is copied and unused depreciation areas are deleted and new depreciation area for WDV created. For areas posting in GL: 0: i. Screen layout rule 3. Number range 5.
Whether this asset class consists of Asset under Construction AuC , then you must tick line item settlement to allow settlement of AuC asset to main asset. Unlike other calculation methods, base methods are valid in all charts of depreciation. You then assign base methods to depreciation keys. You then assign them to depreciation keys. The following declining balance methods are used by us:- 2. Base values define the amount on which the depreciation will be calculated. You then assign these period control methods to depreciation keys.
The system uses these default values only if you explicitly set "default values" in the base method or in the depreciation key. These Depreciation keys are assigned to Asset Classes, Asset groups and asset master data. Document details: Name Version No. Description Asset 1. Page No. Description Change Register serial numbers covered: None The documents or revised pages are subject to document control.
Please keep them up-to-date using the release notices from the distributor of the document. These are confidential documents. Unauthorized access or copying is prohibited. Revenue for asset disposal Cr.
Fixed asset — acquisition cost Dr. Accumulated depreciation Dr. Clearing account for asset disposal Cr. Accumulated depreciation Cr. Asset — acquisition cost old asset Dr.
Accumulated depreciation old asset Dr. Asset — acquisition cost new asset Cr. Accumulated depreciation new asset The old asset being transferred will become a retired asset and the transfer posting date will be updated as the retirement date in the asset master record.
If you do not want a cross-company code number assignment, you do not need to define any system settings here. The key of an account determination must be stored in the asset class asset class.
In this way, the account determination links an asset master record to the general ledger accounts to be posted for an accounting transaction using the asset class.
You specify the general ledger accounts to be posted for the individual accounting transactions in later implementation activities. You can specify various accounts for each depreciation area to be simultaneously posted to. You use the screen layout to determine if fields are required entry or optional entry fields, or if they are suppressed completely, for example. In this step, you create only the keys and descriptions of the screen layout controls.
You define the field group rules for the screen layouts themselves in the step Master Data. You can enter a screen layout rule in one of two places: either in the part of the asset class valid in the entire client, or in the part of the asset class valid for the chart of depreciation.
Page 12 of You can roughly classify your asset portfolio using the number ranges. In the asset class, you can specify the number range for the assignment of numbers for that asset class. To keep administration needed for the number assignment to a minimum, you should use number ranges with internal assignment. You can enter asset numbers of unique and special significance in the master data field "inventory number. The following Number Range has been maintained for each company code in ITC to classify the asset portfolio.
No From number. Every asset has to be assigned to exactly one asset class. The asset class is used to assign the assets and their business transactions to the correct general ledger accounts. Several asset classes can use the same account assignment. You can see that it is possible to make finer distinctions at the level of the asset class than at the level of the general ledger accounts.
Page 14 of The system can post the APC transactions of one depreciation area to the general ledger online automatically. Usually this is the book depreciation area You can post transactions from other depreciation areas to the general ledger automatically using periodic processing. The exception to this rule is the depreciation areas for investment support shown on the liabilities side, which can also post online.
You always have to use periodic processing to post depreciation to the general ledger. Revenue From Writeup on Ord. Activities 1. Change the standard default values if necessary. You can also specify whether these fields are required entry fields setting the field status.
You need to make specifications of this type if you plan to use integrated posting of asset retirements posted with customer. You must make sure that the indicator "asset retirement" and the field "asset" are defined as available for input. The system then uses this indicator when you post acquisitions that are not subject to tax, but which are posted to accounts that are tax-relevant Description:.
In this step, you determine, per depreciation area, which financial statement version the system is to use as a default. In this processing step you determine the document type for each company code for posting depreciation. In this step, you define the posting rules for the depreciation areas that post depreciation values to Financial Accounting. You define the posting cycle how often depreciation is posted and the account assignment rules for the depreciation posting run.
The document type that you want to use for posting depreciation in the target company code when you use cross-company-code cost accounting Description:. In this step, you make settings for additional account assignment objects for example, cost center, investment order during posting in Asset Accounting.
The following configuration has been maintained in ITC. Activation of Account Assignment Object. The program lists all active account assignment objects for the selection criteria you enter. This list includes the entries that belong to the generic company code and depreciation areas but not the generic transaction type. In this step you can redefine the reconciliation accounts in Asset Accounting as ordinary accounts that can be posted. This resetting of the indicator "Reconciliation account" in the account master record data, however, is only possible in company codes which are still in test status.
This step is not required during normal system installation. Changing the reconciliation accounts can be necessary, however, for the following reasons: You entered an incorrect account in an account assignment in Asset Accounting and then performed the "Set reconciliation accounts" step.
Balance corrections have to be posted to reconciliation accounts retroactively. You copied the account definitions of an asset accounting company code to a different company code.
The second company code does not have active asset accounting, but is used for parallel accounting principles. Now you want to reset all reconciliation accounts for this second company code Description:. The following configuration is done for ITC: This step will be used during the data migration only.
In this IMG activity, you specify a default document type for periodic posting of asset balance sheet values values other than depreciation. Page 30 of You can define and manage all valuation and depreciation parameters in the chart of depreciation.
In each chart of depreciation, you can calculate asset values in parallel for different purposes using depreciation areas. You can have any number of depreciation areas for different requirements such as, the balance sheet or cost accounting needs. You can modify the periods in the FI fiscal year to meet the needs of depreciation calculation. The calculation rules for depreciating assets are defined using flexible keys. You can change and add to the keys that SAP supplies in order to reflect new methods of valuation without needing programming skills.
There are special functions for the valuation of assets for special purposes see Special Valuation. You can change the definition of depreciation areas adopted from the standard chart of depreciation, and you can add new depreciation areas if needed. For parallel financial reporting that is, valuation based on different accounting principles you can define real depreciation areas and derived depreciation areas.
The values in the derived depreciation area are calculated from the values of two or more real areas, using a formula you define. The system does not store the values from the derived depreciation area. Instead they are determined dynamically at the time of a request. Otherwise you can use the same system functions for derived depreciation areas as real depreciation areas.
Most important, they can be evaluated in the same way, and posted to the general ledger for example, for showing special reserves. The only exceptions to this rule are areas for revaluation and for investment support, as well as derived depreciation areas. Therefore, you only need to carry out this step if you want to copy posting values from a different depreciation area, not depreciation area In this step, you define transfer rules for the posting values of depreciation areas.
These transfer rules let you ensure that certain depreciation areas have identical asset values. Using these transfer rules, you can determine that depreciation areas copy the depreciation terms from other areas. In this way, you can ensure that certain depreciation areas are uniformly depreciated. Therefore, you do not have to maintain the depreciation terms in the asset master record.
Instead, they can be default values from the asset class. In this step, you determine the depreciation terms that are to be used in your asset classes. Depending on the definition in the screen layout control used, these depreciation terms are Page 35 of For each asset class, you can maintain as many charts of depreciation with their depreciation areas as you need. This allows you to use the asset class in all countries belonging to the client.
In this way, you can prevent an asset class from being used inadvertently in a chart of depreciation for which it is not intended. You enter a maximum amount per company code or per depreciation area.
The system checks this maximum amount during every acquisition posting, providing the corresponding LVA indicator is set in the asset class. These specifications are for each depreciation area and company code. It is only possible to round decimal places. You enter the amount per depreciation area. The changeover takes place as soon as the net book value of the asset goes below the changeover amount. This changeover only takes place if you are using a depreciation key defined with changeover method 3 changeover as soon as the remaining value is less than the changeover amount.
This changeover amount is ignored by other changeover methods. Asset Accounting generally uses the same fiscal year version as Financial Accounting general ledger.
In this case, the depreciation Page 43 of For ITC this configuration is not required. You specify a fiscal year version for Asset Accounting on depreciation area level that is different to the one for the FI General Ledger. Usually you do not need a different fiscal year version for Asset Accounting.
If this is the case, you do not need to make any system settings here. This specification means that this value type is allowed in the depreciation area that is, the system does not issue an error message when you enter corresponding depreciation terms in the asset master record.
This specification means that this value type is allowed in the depreciation area that is, the system does not issue an error message when you enter corresponding depreciation terms in the asset master record Description:.
This specification means that this value type is allowed in these depreciation areas that is, the system does not issue an error message when you enter the corresponding depreciation terms in the asset master record. Manual corrections to values, such as unplanned depreciation, other manually planned depreciation ordinary or special depreciation and write-ups are made by posting in Asset Accounting.
In this step, you define the transaction types for the manual value corrections. In addition, you can specify that certain transaction types propose only certain depreciation areas for posting. The system then generates a popup window showing the depreciation that can be posted in the posting transaction.
If you want to specify that all depreciation areas should always be posted, you do not need to carry out this step. Transaction type name Manual ordinary depreciation on prior-yr acquis. Manual ordinary depreciation on current-yr acquis. Manual spec. Unplanned tax depreciation on prior-yr acquis. Unplanned group depreciation on prior-yr acquis. Unplanned depreciation on current-yr acquisition Unplanned book depreciation on current-yr acquis. Unplanned tax depreciation on current-yr acquis.
Unplanned group depreciation on current-yr acquis. Write-up ordinary and special depreciation. Manual special depreciation Manual spec.
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