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Client The client is the highest level in the SAP system hierarchy. It also denotes the specific logical system you are working on. Specifications that you make on this level apply to specific company codes.
Company Code Each company code is an independent accounting unit. The legally required balance sheet and profit and loss statement are created at this level.
Sellect the correct answer: All general ledger accounts are defined in the chart of accounts. Asset Accounting (FI-AA) works with the chart of accounts assigned to the company code in Financial Accounting (FI). You cannot modify the chart of accounts to fit your requirements.
Sellect the correct statement: The chart of depreciation is always country-specific. SAP provides model charts of depreciation for many countries. These contain predefined depreciation areas, but you can also define your own chart of depreciation Each depreciation area represents a specific type of valuation You can also define your own depreciation areas in the chart of depreciation Each company code uses saveral chart of accounts and one chart of depreciation.
Depreciation Areas The depreciation areas are defined with a two-digit alpha numeric key. Depreciation area 01 is the leading depreciation area. Values and depreciation are posted to the general ledger. Different depreciation areas can have the same values and depreciation terms, but can only displayed in local currency You have to specify which depreciation types and special valuations are allowed in your depreciation areas.
Sellect the correct statement: The company codes must be set up in Financial Accounting first. The data required for asset accounting is added to the company code. Assign the chart of depreciation to the company code, the necessary data for asset accounting is added to the company code, the company code is now available for use by Asset Accounting.
In the master record, we can assign the following (original) Cost Accounting
objects to an asset: Cost center (Internal) order (real or statistical) Activity type G/L account Vendor account.
Asset Class The asset class consists of a master data section and a depreciation area section. Asset classes are created at company code level. You can suppress individual depreciation areas in each asset class Several charts of depreciation can also be assigned to an asset class.
Sellect the correct statement The asset class is the main criterion for classifying assets. Each asset is assigned to only one asset class. You can specify certain control parameters and default values for depreciation calculation and other master data in each asset class. Assets that are to appear in different places/balance sheet items have to be assigned to different asset classes. There is also at least one special asset class each for assets under construction and low value assets. You must create separate asset classes for intangible assets and leased assets.
Chart of Depreciation With FI-AA, you can manage different values of fixed assets in depreciation areas. The chart of depreciation is a catalog of country-specific depreciation areas
structured according to various business aspects. SAP supplies charts of depreciation as references that are based on the
requirements of each country In your chart of depreciation, you must delete the depreciation
areas 31. You assign your chart of depreciation to your G/L code.
Sellect the correct statement. The system dictates that depreciation area 01 posts APC values to the general ledger on daily basis. Normally, you use depreciation area 01 to manage book depreciation. Normally, you use depreciation area 01 to manage book depreciation. Using the option for periodic posting of APC values to the general ledger, you can post values from other depreciation areas to FI Depreciation is always posted on a periodic basis. Other depreciation areas must receive their values from depreciation area 01, but calculate and post different depreciation values to the general ledger.
Functions of the Asset Class Asset classes are the most important means of structuring fixed assets according to the requirements of your enterprise. The asset class definitions apply to all company codes in a client. It is recommended that you define as many asset classes as you have assets with different types of valuation. Before creating asset classes you should design your asset class catalog and ensure that the relevant G/L accounts exist in FI.
Asset Class: Account Allocation The account determination key can be identical to the account number of the asset balance sheet account in the general ledger. If you have several similar asset classes, you can use different account determination keys for them, although their values are all updated to a single balance sheet account. Several asset classes must use the same account determination key if they use the same chart of accounts and post to the same G/L accounts. If you use different charts of accounts, however, you need only one account
determination key to post asset values of all asset classes to different accounts in the different charts of accounts.
Number Range Intervals The number range controls the assignment of the number of the asset master record You define number assignment as either internal or external. When external number assignment is used, the number is assigned by the system. You can assign each company code its own number range, or company codes can share number ranges.
Special Asset Class: AuC Assets under construction (AuC) require a separate asset class and corresponding G/L account, because they have to be shown separately in the balance sheet. Choose depreciation key 0000 to ensure that depreciation is not calculated for assets under construction in depreciation areas for the balance sheet. It is also possible to post down payments on assets under construction. To manage more extensive asset investments, Investment Management (IM) integrates internal orders and projects with the AuC.
Special Asset Class: LVA You can choose whether to manage low value assets (LVAs) using individual
management or collective management. If you choose collective management of LVAs, you have to enter a base unit of quantity in the asset class. You also have to set up a check of the maximum amount in the payment term of the asset class for LVAs.
Asset Accounting as Subsidiary Ledger The integration of subsidiary ledgers with the general ledger is as important as the integration of accounting and logistics functions. Every transaction in customer and vendor accounts in Accounts Payable
and Accounts Receivable and in the asset accounts has a direct effect on the corresponding accounts of the general ledgers The G/L reconciliation accounts need to be set up in advance together with the fixed assets department.
Transaction Type Transaction types are used with every posting. They identify acquisitions,
retirements and transfers. You can also limit transaction types to specific depreciation areas You can only use system generated transaction types. SAP provides all necessary transaction types in the standard system.
Acquisition: Posting to a Clearing Account If asset acquisition postings are not integrated, you would normally use a clearing account. In a separate step, the clearing account is cleared in the general ledger. Another alternative for non-integrated postings is to clear the clearing account when entering the second part of the above posting.
Periodic Processing: Overview Periodic processing comprises the tasks in Asset Accounting that must be
performed at periodic intervals. Investment support is a subsidy that a company receives for certain asset
investments. You can now also use the Schedule Manager in FI-AA to define, schedule,
process, and control periodically recurring processes.
Sellect the correct answer You can calculate different values in a depreciation area for a specific purpose You also define per depreciation area which values have to be managed You can also define depreciation areas for reporting reasons only. You also define for each depreciation area how posting value and posting run should be transferred to other areas.
The system supports the following direct types of depreciation: Ordinary depreciation special depreciation Unplanned depreciation Depreciation run.
Depreciation Calculation Methods Country-specific requirements are represented by methods specific to a
particular chart of accounts. They allow you to avoid the use of an ever-increasing number of internal
calculation keys. You must enter depreciation keys as default values for a particular company
code or depreciation area.
Sellect the correct statement The system determines the depreciation start date using the asset value date and the period control method. The Asset Explorer displays the values and the depreciation for every transaction and each area. From the Asset Explorer, you can display the calculation of depreciation values.
Time-Dependency of Depreciation Terms If time-dependent depreciation terms are not used, a change would have the effect that all open (and future) fiscal years are/were recalculated. With a time-dependent change to depreciation terms, you must also make sure that the changes only take affect if they do not infringe any other system dependencies ? in particular when reducing the depreciation amounts.
Fiscal Year Change 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. The fiscal year change program opens new annual value fields for each asset.
Sellect the correct statement After the depreciation lists and asset history sheet have been checked,
depreciation is posted If you change any depreciation values, you must run depreciation posting
again. Once depreciation has been posted in FI-AA and FI, a balance sheet and
profit and loss statement created automatically. If the program does not find any errors, it updates the last closed fiscal year
for each depreciation area.
Sellect the correct statement After the depreciation lists and asset history sheet have been checked,
depreciation is posted. If the final result is not satisfactory, you can carry out depreciation simulation
or (bulk) changes, or make adjustment postings. If you change any depreciation values, you must run depreciation posting
again.
Validation/Substitution The validation and substitution tools must be used to validate and substitute data immediately upon entry The validation function helps you to check the entered values and value intervals. When data are entered in the system, the Rule Manager validates the data
according to the depreciation rule. In substitution, the values entered into the SAP system are validated according to a prerequisite defined by the user.
The following measures are required to execute validation/substitution: You must decide for which area of application validation/substitution should
apply. The correct callup point for the validation/substitution must be selected. The validation/substitution must be defined. You must assign your validation/substitution to an appropriate organizational Activate the depreciation area.
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