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

Book Description

In this book, noted expert Andrew Okungbowa explains SAP Asset Accounting (FI-AA) in SAP-ERP, including its associated business benefits, and guides you through the considerable complexities of SAP-ERP configuration. Using FI-AA for fixed asset management enables you to manage assets in multinational companies across a broad range of industries and produce reports to meet various needs in line with legal requirements. Configuring SAP-ERP can be a daunting exercise, however, and there are few resources that address these issues.

Asset Accounting Configuration in SAP ERP fills that resource gap by covering the major aspects of SAP FI-AA for anyone with SAP experience and the basic accounting knowledge and bookkeeping skills necessary to apply configuration. It provides configuration explanations in the simplest forms possible and provides step-by-step guidance with illustrations and practical examples.

Table of Contents

  1. Cover
  2. Title
  3. Copyright
  4. Dedication
  5. Contents at a Glance
  6. Contents
  7. About the Author
  8. About the Technical Reviewers
  9. Acknowledgments
  10. Introduction
  11. Chapter 1: Customizing Organizational Structures in SAP Asset Accounting (FI-AA)
    1. Organizational Structures
      1. Specifying the Setting for Country-Specific Disclosure Requirements
      2. Defining Chart of Depreciation and Depreciation Areas
      3. Copying Reference Chart of Depreciation/Depreciation Areas
    2. Specifying the Use of Parallel Currencies
    3. Assigning the Chart of Depreciation to a Company Code
    4. Asset Classes
      1. Specifying Account Determination
      2. Creating Screen Layout Rules
      3. Defining the Number Range Interval
      4. Defining the Asset Classes
    5. Summary
  12. Chapter 2: Integrating Asset Accounting with the General Ledger (FI-GL)
    1. Defining How Depreciation Areas Post to the General Ledger in FI
    2. Assigning G/L Accounts
      1. Balance Sheet Accounts
      2. Depreciation
    3. Specifying the Posting Key for Asset Posting
      1. Changing the Field Status Variant of the Asset G/L Accounts
      2. Defining Field Status Variants
      3. Assigning Company Codes to Field Status Variants
    4. Assigning Input Tax Indicator for Non-Taxable Acquisitions
    5. Specifying Financial Statement Version for Asset Reports
      1. Specifying the Document Type for Periodic Posting of Asset Values
    6. Summary
  13. Chapter 3: Valuation of Fixed Assets
    1. Setting the Chart of Depreciation
    2. Depreciation Areas
      1. Defining Depreciation Areas
      2. Specify Area Type
      3. Specify Transfer of APC Values
      4. Specify Transfer of Depreciation Terms
      5. Setting Up Areas for Parallel Valuation
    3. Determining Depreciation Areas in the Asset Class
    4. Deactivating the Asset Class for the Chart of Depreciation
      1. Amount Specifications (Company Code/Depreciation Area)
      2. Specify the Maximum Amount for Low-Value Assets and Asset Classes
      3. Specify Rounding of Net Book Value and/or Depreciation
      4. Specify Memo Value
    5. Defining the Fiscal Year
      1. Specify Other Versions on Company Code Levels
      2. Specify Other Versions on Depreciation Area Levels
    6. Specifying Currencies in Asset Accounting
      1. Define Depreciation Areas for Foreign Currencies
      2. Specify the Use of Parallel Currencies
    7. Defining Group Assets
      1. Specify Depreciation Areas for Group Assets
    8. Summary
  14. Chapter 4: Depreciation
    1. Defining Depreciation
      1. Planned Depreciation
      2. Unplanned Depreciation
    2. Valuation Methods
      1. Calculation Methods
      2. Maintaining Depreciation Keys
      3. Assigning Calculation Methods
      4. Customizing Period Control
      5. Further Settings
    3. Summary
  15. Chapter 5: Special Valuation
    1. Reserves for Special Depreciation
      1. Specifying Gross or Net Procedure for Reserves
      2. Assigning Accounts
    2. Determining Depreciation Areas for Transferred Reserves (Deferred Gain)
    3. Investment Support
      1. Determining Depreciation Areas
      2. Defining Investment Support Measures
      3. Assigning Accounts
    4. Revaluation of Fixed Assets
      1. Index Replacement Values
      2. Revaluation for the Balance Sheet
    5. Summary
  16. Chapter 6: Customizing Master Data
    1. What Is Master Data?
    2. Screen Layout
      1. Defining the Screen Layout for Asset Master Data
      2. Defining the Screen Layout for Asset Depreciation Areas
      3. Specifying the Tab Layout for Asset Master Records
    3. Creating a Master Record
      1. Creating Assets
      2. Specifying Depreciation Areas for Group Assets
      3. Creating Group Asset in Asset Master Data
      4. Creating Subnumbers
    4. Changing Asset Master and Group Asset Master Records
      1. Changing an Asset Master Record
      2. Changing a Group Asset Master Data
    5. Displaying an Asset Master Record
    6. Summary
  17. Chapter 7: Customizing Transactions
    1. Transactions
      1. Asset Acquisitions
      2. Asset Retirements
      3. Asset Transfers
      4. Intercompany Asset Transfers
      5. Capitalization of Assets under Construction (AuC)
    2. Fixed Asset Posting
      1. Asset Acquisition
      2. Capitalizing Assets under Construction (AuC)
      3. Transfers
      4. Asset Retirement
    3. Summary
  18. Chapter 8: Customizing Validation and Substitution
    1. Validation in SAP
      1. What Is Validation?
      2. Defining Validations for the Asset Master Data in the Application Area
    2. Substitution in SAP
      1. What Is Substitution?
      2. The Substitution Procedure
    3. Summary
  19. Chapter 9: Reporting with Asset Accounting
    1. Information Systems in Asset Accounting
      1. Sort Versions for Asset Reports
      2. The Asset History Sheet
    2. Creating Reports in Asset Accounting
      1. Using Asset Explorer
      2. Displaying Asset Balance Reports
      3. Creating an Asset History Report
      4. Creating Depreciation Reports in Explanations for Profit and Loss Statement
      5. Creating Day-to-Day Activities Reports
    3. Summary
  20. Chapter 10: Transferring Asset Data
    1. Customizing Legacy Data Transfer
      1. Set Company Code Status
      2. Specifying the Sequence of Depreciation Areas
      3. Setting the Parameters for Data Transfer
    2. Manual Legacy Asset Data Transfer
      1. Create/Change/Display Legacy Asset
      2. Create/Change/Display Legacy Group Asset
    3. Summary
  21. Chapter 11: Preparing for Production Startup
    1. Checking Consistency
      1. Overview Report: Asset Classes
      2. Overview Report: Charts of Depreciation
      3. Overview Report: Company Codes
      4. Overview Report: Depreciation Area
      5. Consistency Report: Asset G/L Accounts
      6. Consistency Report: FI-AA Customizing
    2. Production Startup
      1. Transferring Balances
      2. Activating Company Code
    3. Overview for Experts
      1. Checking Depreciation Areas Settings
      2. Checking Company Code Settings
    4. Summary
  22. Chapter 12: Processing Periodic Programs
    1. Depreciation Run
      1. Posting External Asset Acquisitions
      2. Depreciation Posting Run
      3. Job Overview
      4. Log for Posting Run
    2. APC Values Posting
    3. Asset Fiscal Year Change
      1. Test Run
      2. Productive Run
    4. Year-End Closing
      1. Performing Account Reconciliation
      2. Executing a Year-End Closing
    5. Summary
  23. Appendix A: Useful General Ledger Accounts
  24. Appendix B: Useful Transaction Codes
  25. Index