Download this free SAP FICO Configuration Guide, pdf material from Payable 9 Accounts Receivable 10 Asset Accounting ; 2. Asset Management – Overall Logical Architecture. S/4HANA SAP EAM Plant Maintenance Improvements: Counting . Release: ECC EhP7 SP08 ability to configure the layout of Invoice mgmt. and Accounts payable. Concatenate XML file type JAVA versions. Also a summary description of the configuration made for the programs to work, is .. b) For 20 years, for construction or purchasing a real estate assets, or for transforming o The solution is provided for SAP Add-on component Core as of release ECC To get a.

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The settlement profile is applicable to assets under construction. Further it provides filettpe depreciation keys while creating the master data. WelcomeGuest Login Register. Usually this is the book filetyype area Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run.

A Table purchased may be booked as a individual asset linked to an asset class “Furniture”. Screenshot showing parameters maintained in asset class T code: Asset inherits account determination key from asset class.

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

We can give settlement profile 10 to enable settlement to all receivers. Chart of depreciation has list of depreciation areas depending upon the accounting requirement. For creating asset master T code: This link is created by the account determination key in each asset class. For the asset class, useful life and depreciation key is defined in depreciation area.

Asset accounting configuration needed in sap

When 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. Many acfounting are derived from asset class while creating the master data.

When depreciation run is executed, depreciation amount is calculated from APC value, useful life and depreciation key. This facility of settlement is provided by the Asset accounting module.

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

As given earlier, companies are required to classify their assets in the balance sheet into different broad heads, and asset classes may be created to suit these. These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly. In Asset Accounting you can assign the main asset number on the basis of cross-company codes.

Each company code defined in Asset Accounting must refer to a chart of depreciation.

You can use them to structure your fixed assets according to different criteria. The most important function of an asset class is to link asset master records to their respective general ledger accounts in Financial Accounting.

Asset accounting configuration needed in sap – sap concept hub

Accuonting number, GL accounts, screen layouts are derived from asset class. Copy reference Chart of Depreciation: We configure the account assignment objects that can be posted based on: Created by Guestlast modified by Nathan Genez on Oct 12, 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 for different purposes.

A t tachments 0 Page History. Individual assets must compulsorily be assigned to an asset class at time of creating them, e. From asset class, system picks screen layout.

Land, Plant and Machinery etc. In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy. When you assign a Chart of Depreciation, you assign a Company code for asset accounting.

Company code is assigned to chart of depreciation. Here, asset classes are assigned default values for the depreciation key and useful life. You can define any number of asset classes in the system.

From company code, chart of depreciation is confjguration which in turn leads to determination of depreciation areas.


You can assign several asset classes to the same account determination key. The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation. Some of these characteristics of fixed assets which necessitate a filetyep Asset accounting module, are given below: A chart of depreciation is a directory of depreciation areas arranged according to business requirements.

Let’s understand the configuration needed for asset accounting in very simple terms with the help of example. Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: Screenshot showing how efc6 deactivate depreciation area in asset class T code: A separate Asset Accounting Module is required for these transactions because there are some distinguishing characteristics of fixed assets as compared to normal General Ledger accounts.

For the rest, transactions to the general cinfiguration can be posted automatically using periodic processing.

Calculated depreciation amount is posted to accounts which are assigned to account determination key. But they are subject to wear and tear, and to provide for this we need to depreciate them.

We specify if the period for depreciation posting in the run is monthly, bi-monthly, quarterly etc. Asset picks useful life and depreciation key for each depreciation area from depreciation area and asset class combination. 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. This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on.

Asset classes are the most important structuring elements for fixed assets.