What are evaluation groups?
The
evaluation groups are an option for classifying assets for reports or
user
defined match code (search code). You can configure 5 different
evaluation
groups. You can update these evaluation groups on to the
asset
master record.
What are group assets?
The
tax requirements in some countries require calculation of
depreciation
at a higher group or level of assets. For this purpose you
can
group assets together into so-called group assets.
What are the steps to be taken into account during a
depreciation
run to ensure that the integration with the general ledger
works
smoothly?
For
each depreciation area and company code, specify the following:
1
The frequency of posting depreciation(monthly,quarterly etc)
2
CO account assignment (cost center)
3
For each company code you must define a document type for
automatic
depreciation posting: This document type requires its
own
external number range.
4
You also need to specify the accounts for posting. (Account
determination)
Finally
to ensure consistency between Asset Accounting and Financial
Accounting,
you must process the batch input session created by the
posting
report. If you fail to process the batch input session, an error
message
will appear at the next posting run.
The
depreciation calculation is a month end process which is run in
batches
and then once the batch input is run the system posts the
accounting
entries into Finance.
How do you change fiscal year in Asset Accounting?
n Run The fiscal year change program which would open new
annual
value
fields for each asset. i e next year
. The
earliest you can start this program is in the last posting period of
the
current year.
. You
have to run the fiscal year change program for your whole
company
code.
. You
can only process a fiscal year change in a subsequent year if the
previous
year has already been closed for business.
Take
care not to confuse the fiscal year change program with year-end
closing
for accounting purposes. This fiscal year change is needed only in
Asset
Accounting for various technical reasons.
Is it possible to have depreciation calculated to the day?
Yes
it is possible. You need to switch on the indicator “Dep to the day” in
the
depreciation key configuration.
Is it possible to ensure that no capitalization be posted
in the
subsequent years?
Yes
it is possible. You need to set it in the depreciation key
configuration.
How are Capital Work in Progress and Assets accounted for
in SAP?
Capital
WIP is referred to as Assets under Construction in SAP and are
represented
by a specific Asset class. Usually depreciation is not charged
on
Capital WIP.
All
costs incurred on building a capital asset can be booked to an
Internal
Order and through the settlement procedure can be posted onto
an
Asset Under Construction. Subsequently on the actual readiness of
the
asset for commercial production, the Asset Under Construction gets
capitalized
to an actual asset.
The company has procured 10 cars. You want to create asset
masters for each of this car. How do you create 10 asset
masters at
the same time?
While
creating asset master there is a field on the initial create screen
called
as number of similar assets. Update this field with 10. When you
finally
save this asset master you will get a pop up asking whether you
want
to maintain different texts for these assets. You can update
different
details for all the 10 cars.
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