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Asset Accounting

FI-AA

S
By: Nauman Ali

Define Assets?

Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.

In simple words, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset).

By: Nauman Ali

Assets

S Tangible Asset

S Intangible Asset
Asset Software Financial Stocks

Fixed Buildings

Current Inventory

Equipment Golf Course

Vehicles AuC

Copyright Trademarks

Bonds AR

By: Nauman Ali

FI-AA Overview

S The Asset Accounting (FI-AA) component is used for

managing and supervising fixed assets with the SAP R/3 System.

S In SAP R/3 Financial Accounting, it serves as a

subsidiary ledger to the FI General Ledger, providing detailed information on transactions involving fixed assets.
By: Nauman Ali

Define Depreciation?

The decrease in value of assets. Depreciation is recognized by businesses for financial reporting and tax purposes. Methods and lives may be specified in accounting and/or tax rules in a country.

By: Nauman Ali

SAP AG

FI Asset Accounting Organizational Elements and Structures

Chart of Depreciation

You can change and add to the standard calculation keys that are delivered with the system (refer to Depreciation [Page 125] )

There are specific objects in the chart of depreciation for special calculations of asset values (for example, investment support keys for investment support - refer to Special Valuation [Page 171] ).

Use

S Charts of depreciation are used in order to manage

various legal requirements for the depreciation and valuation You can document the meaning ofcharts of depreciation are by writing a of assets. These any chart of depreciation you set up in the system description for it. usually country-specific and are defined independently of the other organizational units.
The graphic below shows the standard chart of depreciation for the USA.
Maximum choice of deprec. areas for USA
01 10 11 12 13 20 30 31 32 33 40 41 42 Book depreciation Federal tax ACRS/MACRS Alternative minimum tax Adjusted current earnings Corporate earnings and profits Cost depreciation Difference between Book and MACRS Difference between MACRS and ALT MIN Difference between MACRS and ACE Difference between MACRS and E&P Consolidated balance sheet in local currency Consolidated balance sheet in reporting currency State modified ACRS

SAP supplies typical reference charts of depreciation for each country. They have different depreciation areas and depreciation keys depending on that countrys specific requirements. You cannot use these charts of depreciation directly. You must create your own chart of depreciation by copying the reference chart of depreciation. Delete any depreciation areas that are not needed.

Chart of depreciation

Depreciation areas

Integration

By: Nauman Ali

Chart of Depreciation
S

There is no set relationship defined in the system between the chart of accounts and chart of depreciation. Chart of accounts

Company codes in Financial Accounting are assigned to a chart of depreciation. Chart of depreciation

Financial Accounting Company Code

+
Data for Asset Accounting =

Asset Accounting Company Code

By: Nauman Ali

Asset Master Record

Master Data

Asset Class

Reference

Default values from an asset class will be copied.

Copying an existing asset.


By: Nauman Ali

Asset Master Record

When you create the asset master record, you have two options: Use the asset class, to which the asset will belong, to provide default
values. The asset class then supplies the most important control parameters in the asset master record. record.

Use an existing asset as a reference for creating the new asset master
S

Some information in the asset master record can be managed as timedependent data. This is of particular significance for cost accounting assignments (for example, cost center, order, project).

By: Nauman Ali

Asset Retirement
Please retire me, I am no longer productive

Types of asset retirement


1. Retirement with revenue selling of an asset either at a market price, net book value or other settlement price 2. Retirement without revenue writing off an asset which is no longer productive or has no residual value
By: Nauman Ali

SAP Asset Depreciation

Ordinary Depreciation: planned reduction in asset value due to normal wear and tear.

Special Depreciation: depreciation that is solely based on tax regulations.


Unplanned Depreciation: depreciation resulting from unusual circumstances, such as damage to the asset, that lead to a permanent reduction in its value.

By: Nauman Ali

By: Nauman Ali

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