Asset Management

-

SAP supports the entire Asset Accounting Life cycle   processes through Project  Systems  (PS),  Asset  Accounting  (AA)  &  General  Ledger  (GL) Modules. Asset Management (AM) is designed for users to manage and supervise individual aspects of fixed assets.

SAP Asset Life Cycle

SAP Structure for Asset Accounting

Asset Acquisition
Acquisition from Invoice :

PR > PO > Good receipt > Invoice Receipt > WBS > Asset Under Construction > Complete Asset

Asset Settlement

Asset Depreciation
Depreciation Overview
- Depreciation is the reduction or diminution in value of fixed asset due to wear & tear, obsolescence, effects of time and change of technology.
-Depreciation run is performed at period end just prior to FI closing.
- Depreciation run can be Automatic or Manual as per business requirements.
- Depreciation run expense is computed and posted with entry:
Dr. Depreciation Expense
                  Cr. Accumulated Depreciation
- Posting is done in an aggregate basis

Asset Accounting Reporting
AW01N (T-code)
AW01N Overview– This function shows all the values of a fixed asset, including APC values and depreciation, in various forms and summarization levels. Planned values are displayed, as well as values already posted. You use this function to display and analyze asset values from the source
Acess through the menu path-
Accounting-> Financial Accounting
-> Fixed Assets -> Asset -> AW01N – Asset Explorer

 Enter the following info
1- The company code to which the asset belongs to.
2-Asset- Enter the asset that you want to view the values for.
3- Fiscal year- Enter the Fiscal year for which you want to view the values. 
4- Asset sub number- Enter the asset subnumber for which you want to enter values.
and hit enter ande you will see all the values.
5- Depreciation areas- you can click on the values on the top left to toggle through the different depreciation areas.
Enter the following info
1- The company code to which the asset belongs to.
2-Asset– Enter the asset that you want to view the values for.
3- Fiscal year- Enter the Fiscal year for which you want to view the values.
4- Asset sub number– Enter the asset subnumber for which you want to enter values.
and hit enter ande you will see all the values.
5- Depreciation areas- you can click on the values on the top left to toggle through the different depreciation areas.

Regards,
Muhammad Hasan Mufid


Comments

Post a Comment

Popular posts from this blog

SAP PSM-FM (Fund Management-BCS) Integration with other SAP Module

-
Image
  Financial and Asset Accounting Integration LESSON OVERVIEW This lesson will explain the process to integrate Funds Management, core processes within purchasing and the uses of Asset Accounting components. LESSON OBJECTIVES After completing this lesson, you will be able to: Define the business processes that are integrated in Funds Management Explain the ways in which the Controlling, Project System, Asset Accounting, Plant Maintenance, and Sales and Distribution application components can be integrated with Funds Management Compare the different core processes that take place within purchasing, and within payroll and trip cost accounting Troubleshoot the individual steps to be followed and a detailed explanation of how they are inter-linked and how assessed value is adjusted         Figure 146: Financial and Asset Accounting Integration         Figure 147: Integration FI - Funds Management A commitment item must be defined in each line item of an FI document for integration with FI.
Read more

SAP FICO (SAP Finance and SAP Controlling)

-
Image
In this post I'll try to explain what the definition of SAP FI (Finance) and SAP CO (Controlling) Companies that implement SAP SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all of its financial data. The purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting and help with effective business planning and decision-making. SAP FICO consists of two modules, SAP Finance (FI) and SAP Controlling (CO), each of which is used for specific financial processes. SAP FI deals with overall financial reporting and accounting while SAP CO focuses more narrowly on planning and monitoring costs. SAP FI and SAP CO were originally released as separate modules but are now so tightly integrated that many people refer to them as simply one module. SAP FI modules SAP FI enables companies to generate financial statements -- such as balance sheets or profit and loss statements
Read more

Asset Accounting in SAP S/4HANA

-
Image
Asset Transaction Types Every transaction in Asset Accounting carries an asset transaction type. There are groups of transaction types for specific operations:   Acquisitions   Retirements   Transfers   Post-capitalizations   Investment support measures   Depreciation   Write-ups The group a transaction type is assigned to defines a lot of basic characteristics for the transaction, such as which value fields are updated, the valid fiscal year (current or previous), the sign (positive, negative) of the sum of the postings for a fiscal year, and more. The transaction type groups are hardcoded system settings and can’t be changed. Additionally, each transaction type has a set of controls that you configure. The specifications can differ according to the transaction type group. Depending on the transaction type group of the transaction type, you define settings such as the following:   Debit/Credit    Capitalize/Retire    Document Type    Posting to Affiliated Company    Post Gross/Net   
Read more