ASSET ACCOUNTING NOTED POINTS

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⇒ If you use different Financial Versions,you have to post more than one depr area to the General Ledger.

⇒ Chart of depreciation is assigned to Company Code.

⇒ Account assignment mus be activated before they can be maintained in the master data.

⇒ Depreciation areas can have the same values and depreciation term but can be displayed in difference currency.

⇒ Several Chart of depreciation can be assisgned to one asset class. This ensure that asset class catalog in uniform despite using different depreciation area.

⇒ Each asset is assigned to only one asset class

⇒ We can supress individual depreciation area in asset class.

⇒ The essential function of asset class is to establish link betwwen the Asset master record and the accounts to which the related values and depreciation are posted in G/L.

⇒ You can not assign asset to cost center, instead you can assign asset to a (real) order that will be settled to the respective cost center. In this way you can summarize the cost your project (The asset being part of it)

⇒  Chart of depreciation is always Country Specific

⇒ Chart of depreciation is a Catalog of country specific depreciation area

⇒ Each Company code uses One chart of account and one chart of Depreciation.

⇒ Depreciation attribute can be overwritten if necessary, but if they are specified by the system you cannot change them.

⇒ Even after AUC fully capitalized you can still post C/Memo to it. However you have to allowed negatice APC.

⇒ You can define depreciation area for report purposes only, which do not post any value in G/L, Eg: Depr area for tax balance sheet.

⇒ in FI-AA you can manage different values of fixed asset in depreciation area.

⇒ In each asset class you enter a screen layout rule for each depreciation area. This rule applies to the valuation fields in the depreciation Area.

⇒ Asset that are appear in different places / balance sheet item have to be assign to different asset class.

⇒ Asset class used as a templete for asset master records that are created later . It is therefore necessary to decide which default value to be stored in asset classes to ensure the uniformity of the asset.

⇒ You can create a new chart of depr by copying reference charts of depreciation. you can delete the depreciation areas you do not need. It must be done before asset is created.

⇒ SAP Provides model chart of depreciation for many contries these contain pre defines depreciation area. You can also define your chart of depreciation (by copying & Changing)

⇒ Several asset classes can use same A/C “Account Determination Key ” if they use the same chart of account and they post to the same G/L account

⇒ Depreciation 01 is the leading depreciation area (Area 01 is the book depreciation)

⇒ Asset class are created at Client level

Thankz

Muhammad Hasan Mufid

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