Configuration in Asset Accounting

These are the steps that you need to do to create Asset Accounting:
Copy Reference Chart of Depreciation/ Depreciation Areas
Menu Path is: IMG> Finanacial Accounting> Asset Accounting> Organization Structures>
Copy Reference Chart Of Depreciation/ Depreciation Areas,
- Double click on Copy Reference Chart Of Depreciation
- Click on Copy Icon and update it from ODE to your Chart Of Depreciation and change the
description too.
Assign Input tax Indicator for Non-Taxable Acquisitions:
IMG> Finanacial Accounting> Asset Accounting> Integrate With the General Ledger> Assign
Input Tax Indicator for Non-Taxable Acquisition
- Save this.
Assign Chart of Deprecaition to your Company Code :
If Co Code is not properly Done then it will give Problems but still save it.
Specify Account Determination:
IMG> Finanacial Accounting> Asset Accounting> Organization Structures>Asset Classes>
Specify Account Determination
- Make the GL Accounts for this and those GL accounts to be specified here,
Example for Land, Building, Plant & Machinery, Vehicles And Asset Under Construction then
again
- Save it.
Create Screen Layout Rules:
IMG> Finanacial Accounting> Asset Accounting> Organization Structures>Asset Classes>
Create Screen Layout Rules:
- Here we copy the screen Layouts from the standard Co Code 1000
We will copy for each Asset Class like Land, Building, Plant & Machinery, Vehicles And Asset
Under Construction,
- Now save it again.
Define Number Range Interval:
IMG> Finanacial Accounting> Asset Accounting> Organization Structures>Asset Classes>
Define Number Range Intervals
- Click On Intervals
- Click On Interval and update the following:
- For all the Five Asset Classes
-Save It.
Now Define the Asset Classes:
IMG> Finanacial Accounting> Asset Accounting> Organization Structures>Asset Classes>
Define Asset Classes
- Click on New Entries and fillout the Page in the blank space where Asset Class is given give
the Asset Class GL number and in Description give the name in long and short form,
- Go to next level and give the Screen layout Rule number
- Give the number ranges 01 and in Status Of AuC click the first Radio button: No Auc Or
Summary Management of Auc
and in History Status click Manage Historically and save it.
- Likewise Create for Building, Plant & Machinery and Vehicles and in case of Asset under
 Construction Update in Status of - Auc the second Radio Button: Line Item Settlement and
- Save it now.
Integrate with General Ledger:
IMG> Financial Accounting> Asset Accounting> Integration with the General Legder> Define
how Depreciation Areas Post to General Ledger
and then Assign the General Ledger Accounts
IMG> Financial Accounting> Asset Accounting> Integration with the General Legder> Assign
G/L Accounts
and then Specify Document Type AF
and specify intervals
1 Monthly
3 Quaterly Posting
6 Semi- Annually
12 Annually. Tips by : Saleem

Asset Accounting Configuration

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• Added by Sridevi, last edited by Sridevi on Jan 23, 2008
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*CONFIGURATION STEPS IN ASSET ACCOUNTING*

*Step 1 - COPY CHART OF DEPECIATION*

EC08 - IMG>Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Copy reference chart of
depreciation/depreciation area

*Step 2 - ASSIGN COMPANY CODE TO CHART OF DEPRECIATION*

OAOB - IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Assign chart of depreciation to company code

*Step 3 - ASSIGN FINANCIAL STATEMENT VERSION TO EVERY DEPRECIATION AREA*

OAYN - IMG >Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Specify statemement version for asset reports

*Step 4 - IDENTIFY YOUR ASSET CLASSES*

*Step 5 - IDENTIFY YOUR ACCOUNT DETERMINATION & SCREEN LAYOUT FOR YOUR ASSET
CLASSES*

SPRO - IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Asset Classes > Specify required entries for
asset master data

*Step 6 - IDENTIFY YOUR GL ACCOUNTS FOR YOUR ASSET CLASSES*

*Step 7 - DEFINE YOUR NUMBER RANGE*

AS08 - IMG > Financial Accounting > Asset Accounting > Organizational Structures > Asset Classes >
Define number range interval

*Step 8 - DETERMINE DEPRECIATION AREAS IN ASSET CLASSES AND SCREEN LAYOUT*

A021 - IMG > Financial Accounting > Asset Accounting > Master Data > Screen Layout > Define
screen layout for asset depreciation areas

OAYZ - IMG > Financial Accounting > Asset Accounting > Valuation > Determine depreciation areas in
the asset class

*Step 9 - GENERATE ASSET CLASSES FROM GL ACCOUNTS*

ANKL - IMG - Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Asset Classes > Generate Asset Classes from
G/L Accounts

*Step 10 - COMPLETE DATA FOR ASSET CLASSES SETTING REQUIRED ENTRY FIELDS*

SPRO - IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organization Structures and Master Data > Asset Classes > Specify requires entries for
asset master data

OAYZ - IMG > Financial Accounting > asset Accounting > FI-AA Implementation Guide (Simplified
Version) Organizational Structures and Master Data > Asset Classes > Enter default values in asset
classes
AO90 - IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Assign additional G/L accounts for
transactions/depreciation

*Step 11 - SETTING UP SPECIAL ASSET CLASSES*

OAYK - IMG > Financial Accounting > Asset Accounting > Valuation > Specify max amount for LVA +
asset classes > Specify amount for low value assets

OAY2 - IMG > Financial Accounting > Asset Accounting > Valuation > Specify max amount for LVA +
asset classes > Specify LVA asset classes

*Step 12 - SPECIFY INTERVALS AND POSTING RULE*

OAYR - IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified
Version) > Organizational Structures and Master Data > Specify intervals and posting rules