ASSET ACCOUNTING

I. ASSET ACCOUNTING GENERAL

1. EC08: Copy Reference Chart of Accounts
2. EC08: Specify Description Chart of Depreciation
3. EC08: Copy/Depreciation Areas
4. OAOB: Assign Company Code to Chart of Depreciation
II. ASSETT CLASS
5. Specify Account Determination
SPRO SAP Ref. IMG Financial Accounting AA
Org. Structure Asset Classes Specify Account
Determination

6. Create Screen Layout Rule

SPRO SAP Ref. IMG Financial Accounting AA
Org. Structure Asset Classes Create Screen Layout Rule

7. AS08: Define Number Ranges for Asset Class

8. OAOA: Define Asset Class
III. DEPRECIATION

9. Define Maximum Amount Method

SPRO SAP Ref. IMG Financial Accounting Asset
Accounting Depreciation Valuation Method
Depreciation Key Calculation Method Define Maximum
Amount Method

10. AFAMS: Define Multi Level Method

11. AFAMA: Maintain Depreciation Key
12. OAYZ: Determine Depreciation Area in Asset Class
IV. ACCOUNT ASSIGNMENTS

13. AO90: Assign G/L Accounts

14. Define Technical Clearing Account for Integrated Asset Acquisition
SPRO SAP Ref. IMG Financial Accounting Asset
Accounting Integration with G/L Accounting Technical
Clearing Account for Integrated Asset Acquisition Define
Technical Clearing Account for Integrated Asset Acquisition
 15. OA84: Copy Fiscal Year Parameter for Company Code
16. OAAQ: Set Asset Fiscal Year for Ledgers
V. ASSET TRANSACTIONS
17. AS01: Create Asset Master Data
18. F-90: Asset Acquisition with Vendor
19. ABZON: Asset Acquisition with Offsetting Entry/ without Vendor
20. AW01: Asset Explore
21. AS11: Create Sub Asset
22. ABUMN: Asset Transfer within Company Code
23. AFAB: Post Depreciation
VI. ASSET RETIREMENT

24. F-92: Asset Retirement with Customer

25. ABAON: Asset Retirement with Offsetting Entries/ without Customer
26. ABAVN: Asset Retirement by Scrapping

I. Asset Accounting General Settings

1. EC08: Copy Reference Chart of Depreciation or Depreciation Area

SPRO SAP Ref. IMG Financial Accounting Asset
Accounting Organizational Structure Copy Reference Chart of
Depreciation
2. Specify Description of Chart of Depreciation

3. Copy/Delete Depreciation Areas

 Or delete and keep the required depreciation areas.

4. OAOB: Assign Company Code to Chart of Depreciation

II. Asset Class

5. Specify Account Determination

SPRO SAP Ref. IMG Financial Accounting AA Org.
Structure Asset Classes Specify Account Determination
6. Create Screen Layout Rule
SPRO SAP Ref. IMG Financial Accounting AA Org.
Structure Asset Classes Create Screen Layout Rule

7. AS08: Define Number Ranges for Asset Class

8. OAOA: Define Asset Class

III. Depreciation

10. Define Maximum Amount Method

 SPRO SAP Ref. IMG Financial Accounting Asset Accounting
Depreciation Valuation Method Depreciation Key Calculation
Method Define Maximum Amount Method

11. AFAMS: Define Multi Level Method

12. AFAMA: Maintain Depreciation Key
 13. OAYZ: Determine Depreciation Area in Asset Class

IV. Account Assignments

14. AO90: Assign G/L Account

15. Define Technical Clearing Account for Integrated Asset

Acquisition
SPRO SAP Ref. IMG Financial Accounting Asset
Accounting Integration with G/L Accounting Technical Clearing
 Account for Integrated Asset Acquisition Define Technical
Clearing Account for Integrated Asset Acquisition

16. OA84: Copy Fiscal Year Parameter for Company Code

17. OAAQ: Set Asset Fiscal Year for Ledgers

V. Asset Transactions

18. AS01: Create Asset Master Data

 19. F-90: Asset Acquisition with Vendor

20. ABZON: Asset Acquisition with offsetting entries/without Vendor

21. AW01: Asset Explore
22. AS11: Create Sub Asset
23. ABUMN: Asset Transfer within Company Code
24. AFAB: Post Depreciation

VI. Asset Retirement

25. F-92: Asset Retirement with Customer

26. ABAON: Asset Retirement with Offsetting Entries/without
Customer
27. ABAVN: Asset Retirement by Scrapping

AUC- Asset Under Construction

 SAP FI- MM Integration:

MM hierarchy:
Company code- Purchasing org - Plant- Storage location

Enterprise structure:
1. Assign purchase org to company code
2. Assign plant to company code
3. Allocate plant/ valuation area -division >Business area
As per mm consultant instruction we do the config

Valuation:
1. GL Creation: (Have to understand about material type finished
product(They have accounting and costing data), Trading
Goods(They have only accounting data no costing data))
 Inventory posting- BSX
 Offsetting entry for inventory posting -GBB
 Unplanned delivery costs- UPF
 Purchase input tax- MWS
 GRIR clearing account- WRX
Valuation class is like bridge between mm and GL
One material is assigned to one valuation class
One valuation class is assigned to 5 GL account

5GL Exp, receipt, scrap, transfer stock, sale

Configuration setting for automatic account Determination:

1. Define Valuation control- valuation Group code is active
2. Group together valuation area
3. OBYC automatic posting
OMWB - Display material
 FI- DS integration
In SAP every moment of goods is followed by one movement type
And movement type trigger transaction event keys.
GL account assigned to transaction event key.

 Sales order - No Accounting Entry

 Outbound Delivery/ post goods issue
Cost of Good sold a/c dr
To inventory finishes goods
 Invoice posting
Customer a/c dr
Sales discount a/c dr
To sales revenue a/c
To Freight revenue a/c
 Create GL Account -
Cost of goods sold a/c- GBB(OBYC)
Finished good A/C - BSX(OBYC)
Sales revenue A/C- ERL(VKOA)
Sales Discount A/C- ERS(VKOA)
Fright Revenue A/C- ERF(VKOA)

 SD Material account assignment- OBYC

Transaction key
BSX- inventory posting
GBB- offset account
 SD Revenue accounts determination - VKOA
Account key
ERL - Sales revenue
ERS - Sales Discount
ERS - Sales fright revenue

Financial Statement Version

FSV is a tool designed for generating financial statement(such as p&l

and balance sheets) to meet specific legal requirement related to certain
items(such as assets, liability, income, expenses, and so on)
In financial reports

Configuration steps:
Define financial statement version OB58
Display financial status - F.01

TAX on sales and purchase

1. Define condition type (MWVS/MWAS)
2. Create ACCOUNT key(MWS/VST)
3. Create tax procedure
4. Assign Tax procedure to country
5. Create tax code
6. Create and assign GL
 MMCG- CGST- Input- IGS
MMSG- SGST -GST
MMIG- IGST -IST

MACG- CGST -ACG

MASG- SGST - ASG
MAIG- IGST -AIG

DUNNING CONFIGURATION

It is a process which is used to send reminder to the customer for their

outstanding amount.
T. code FBMP
DUNNING INTERVAL IN DAYS:
It determine at which intervals( After how many days) the allocated account
are to be dunned. Or what should be the days gap between one dunning level
to another.
Dunning level- It determine the how many times reminder can be sent to a
customer
Dunning Arrear - It shows the total days gap between due date and dunning
run date
Grace period - Grace period is addition days given to the customer to make
payment. While calculating the due date system also considers the grace
period. An item whose days in arrears are smaller to the grace periods, is
taken as not due for that dunning notice.