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'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required for these transactions because th
ere are some distinguishing characteristics of fixed assets as compared to norma
l General Ledger accounts. Some of these characteristics of fixed assets which n
ecessitate a separate Asset accounting module, are given below :
- Fixed assets have a life span exceeding one year. But they are subjec
t to wear and tear, and to provide for this we need to depreciate them. The Asse
t Accounting Module enables such calculation of depreciation (we can create depr
eciation keys where we give the rate of depreciation). Such feature is not there
in the normal GL Accounting.
- Fixed assets must be shown as a separate head in the balance sheet of
companies, and that too under broad categories. Example : Land, Plant and Machi
nery etc. In the Asset Accounting Module, we can categorize individual fixed ass
ets into asset classes, and thus we can meet this requirement. In other words, c
lassification of fixed assets for balance sheet disclosure purposes becomes easy
.
A separate Asset Accounting Module is required for these transactions because th
ere are some distinguishing characteristics of fixed assets as compared to norma
l General Ledger accounts. Some of these characteristics of fixed assets which n
ecessitate a separate Asset accounting module, are given below :
- Fixed assets have a life span exceeding one year. But they are subjec
t to wear and tear, and to provide for this we need to depreciate them. The Asse
t Accounting Module enables such calculation of depreciation (we can create depr
eciation keys where we give the rate of depreciation). Such feature is not there
in the normal GL Accounting.
- Fixed assets must be shown as a separate head in the balance sheet of
companies, and that too under broad categories. Example :
o under broad categories. nder broad categories0045
deurewioruweoifhwefe
df
sdlfksdfjsdf
ksdfmksdfl
sdflsd
fll
'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required
deurewioruweoifhwefe
df
sdlfksdfjsdf
ksdfmksdfl
sdflsd
fll
'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required
deurewioruweoifhwefe
df
sdlfksdfjsdf
ksdfmksdfl
sdflsd
fll
'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required
deurewioruweoifhwefe
df
sdlfksdfjsdf
ksdfmksdfl
sdflsd
fll
'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required
deurewioruweoifhwefe
df
sdlfksdfjsdf
ksdfmksdfl
sdflsd
fll
'Basic Configuration settings for implementing Asset Accounting in SAP 6.0
INTRODUCTION:
The asset accounting module in SAP is one where the accounting pertaining to fix
ed assets is done. These include transactions like acquisition of fixed assets,
sale of fixed assets, in-house development of assets, settlement of WIP, and acc
ounting for depreciation on fixed assets and so on.
A separate Asset Accounting Module is required