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Asset Accounting Q & A
Asset Accounting Q & A
Asset Accounting Q & A
The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the
SAP System. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing
detailed information on transactions involving fixed assets.
1. Charts of depreciation are used in order to manage various legal requirements for the
depreciation and valuation of assets.
2. Chart of depreciation at client Level
3. After creation of chart of depreciation then it is assigned to company Code by using t-
code OAOB.
1. Depreciation area in the chart of depreciation is applicable to all the company codes
belonging to the country. Chart of depreciation is basically list of all the depreciation
areas.
2. Depreciation areas needed for company code maintained in USA is different from
company code in India.
3. Hence the number of depreciation areas needed for asset accounting in a company
code depends upon the country to which country the company code is belongs.
Organizational structure
1. define chart of depreciation
2. assign input tax indicator for non-taxable acquisitions OBCL
3. assign chart of depreciation to the company code OAOB
4. define account determination
5. specify screen layout rules
6. define number range intervals AS08
7. define asset classes OAOA
8. determine depreciation areas in asset class OAYZ
9. create required GL accounts for asset accounting FS00
9. define account assignments AO90
10.define number range for depreciation document type OBA7
Depreciation key
11. define posting rules for depreciation posting OAYR
12.define rounding off rules for depreciation OAYO
13. define base method
14. define multi-level method AFAMS
15. define period control method AFAMP
16. define depreciation key AFAMA
Entries
1) ASSET ACQUISITION
Dr Asset a/c
Cr Vendor a/c
The asset value dates are mentioned at the time of purchase. The asset value dates determine the
date from which the depreciation would be calculated.
2) RETIREMENT/SALE OF AN ASSET
The entries that get generated are as below: (with notional figures)
Dr Customer A/c
Cr Depreciation
Dr Depreciation a/c
The depreciation key contains the value settings which are necessary for determining
depreciation amounts. It represents a combination of calculation rules, which are used for the
automatically calculated depreciation types like
1. Ordinary depreciation
2. Special depreciation
3. Imputed interest
You assign calculation method to each depreciation key like
1. Base method
2. Declining balance method
3. Period control method
4. Multi-level method
Depreciation key is at chart of depreciation level so it is available in all company codes
asset class
1. In SAP, Asset classes are used to classify the fixed assets in the asset accounting
according to the asset types.
2. Each asset master data must be allocated to one asset class, for e.g., Building,
Vehicles, Furniture, Machines, etc.
3. Asset classes are defined at SAP client level and contain key control parameters such
as number assignment for asset, account determination and screen layout rules.
4. By using t-code OAOA we will define the asset class in asset account
5. In OAOA T-code it contains key control parameters such as
A. Asset class
B. Short text
C. Asset type i.e., Account determination and Screen layouts
D. Number assignment for asset
E. Select the No AUC or summary management of AUC for all asset classes.