Asset Accounting noted Points
⇒ 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