ASSET ACCOUNTING

Asset accounting manages all transactions related to assets for an

entity. When transactions are posted in asset accounts, reconciliation
accounts in general ledger are updated in real time. Transactions in asset
accounting include asset acquisition, asset retirement, asset sale, asset
transfer, asset revaluation and asset depreciation.

1. DEFINE CHART OF DEPRECIATION – EC08

Press F6(Copy)
From Chart Of Depreciation : 1in
To : Your Company Code
Enter
2. DEFINE DEPRECIATION AREA- OADB
Chart Of Dep: Your Company code
Enter
Select All Raw Except Book Of Depreciation And Delete It
THEN SAVE
3. TAX SELECTION - OBCL
Position→Your Code
Input Tax : Vo (0%)
Output Tax : Ao (0%)
SAVE
4. ASSIGN CHART OF DEPRECIATION TO COMPANY CODE –
OAOB
Position→Your Company Code→Select Chart Of Depreciation→Save
5. SPECIFY ACCOUNT DETERMINATION-S_ALR_87009195
SPRO→Sap Reference Img.→Financial Accounting →Asset Accounting→
Organisational Structure→Asset Class→Specify Account Determination
NEW ENTRIES
Any Code : Account Determination For Vehicle
Save→Back→Back
6. CREATE SCREEN LAYOUT RULE FOR ASSET MASTER-
S_ALR_87003868
Select Raw 1000 And Press F6(Copy)
Any Code : Screen Layout For Vehicle
Enter And Save
7. DEFINE NUMBER RANGE INTERVAL – AS08
Company Code : Your Code
Create Interval
NO FROM TO
Any Code 1 100
THEN SAVE
8. DEFINE ASSET CLASS – OAOA
NEW ENTRIES
Asset Class : Any Code : 10% Straight-line Depreciation For Vehicle
A/C Determination : Choose Your Code
Screen Layout : Your Screen Layout
Number Range : Choose Your Number Range
Tick Include Asset
SAVE
9. CREATE G/L ACCOUNT – FS00
FIXED ASSET
➢ Vehicle
Recon A/C : Asset
Sort Key : 018
Field Status Group : G067
SAVE
➢ Accumulated Depreciation On Vehicle
 Balance In Local Currency
Sort Key : 001
field status variants : G001
SAVE
INDIRECT INCOME
➢ Sale Of Fixed Asset
 Balance In Local Currency
Sort Key : 001
Field Status Variants : G001
SAVE
➢ Profit Of Sale Of Fixed Asset
 Balance In Local Currency
Sort Key : 001
Field Status Variants : G001
SAVE
INDIRECT EXPENSE
➢ Depreciation
 Balance In Local Currency
Sort Key : 001
Field Status Variants : G001
SAVE
➢ Loss On Sale Of Fixed Asset
 Balance In Local Currency
Sort Key : 001
Field Status Variants : G001
SAVE
10.ASSIGN G/L ACCOUNT – AO90
Select Raw
Double Click On Account Determination
Select →Account Determination For Vehicle
Double Click On Balance sheet
Balance Sheet Account Acquisition And Product Cost : Vehicle
Clearing A/C Revenuefrom Asset Sale : Sale Of Fixed Asset
Gain From Asset Sale : Profit On Sale Of Fixed Asset
Loss From Asset Sale : Loss On Sale Of Fixed Asset
Double Click On Depreciation→Book Depreciation→
Account Depreciation For Ordinary Depreciation : Accumulated Depreciation On
Vehicle
Expense Account For Ordinary Depreciation : Depreciation
THEN SAVE
11.DEFINE MULTI-LEVEL METHOD – AFAMS
NEW ENTRIES
Multi-Level Method : Any Code : Multilevel Method For Vehicle
Validity Start : From Capitalisation Date
Depreciation by fiscal year : tick the check box
Double Click On Levels
Acquisition Year Year Base value Percent
(Purchase year) 999 01 10
THEN SAVE
12.MAINTAIN DEPRECIATION KEY – AFAMA
NEW ENTRIES
Depreciation Key : Any Key : Depreciation For Vehicle
No.Ordinary Depreciation with special Depreciation : Tick the check Box
Period Control According To Fiscal Year : tick the check box
Double click on : Assignment of calculation method
NEW ENTRIES
Dep Type : Ordinary Depreciation
Phase : From the start of Depreciation
Base Method : 0014
Period Control : 001
Multi-level method : Your Code
Class : Straight line method
SAVE→ENTER→BACK
Select raw Click on Activate
SAVE
13.DETERMINE DEPRECIATION AREA : ASSET CLASS - OAYZ
Select Asset Class
Double Click On : Depreciation Area
Double click on : Book Depreciation
 Screen layout : 1000
Max useful life : 15
Un tick area deact.
Press Enter
Dep. Key : Depreciation for vehicle
Then SAVE
14.CREATE ASSET MASTER DATA – AS01
Asset class : Choose Your Asset Class
Press Enter
Description: Motor Van
Depreciation areas
Useful life : 15
Dep start : Today Date
Then SAVE
15.ASSET ACQUISITION – F-90
Document date :
Posting date :
Company code :
Currency : INR
PstKey : 31 Account : Choose Vendor TType : 100
Press ENTER
Amount :( Enter Purchase Amount)
Business Area :
Text : Asset acquisition
NEXT LINE ITEM
PstKey : 70 Account : Asset TType : 100
Press ENTER
Amount :*
Text :+
THEN SAVE
16.ASSET EXPLORER – AW01
Company Code :
Asset :
17.ASSET RETIREMENT – F-92
Document date :
Posting date :
Type : DR
Company code :
Currency : INR
PstKey : 01 Account : Choose Customer TType : 210
PRESS ENTER
Amount : (Enter Sales Amount)
 Asset Retirement
Asset Number :
Asset Value date :
  Complete Retirement :
Business Area :
Text : Asset Retirement
NEXT LINE ITEM
PstKey : 50 Account : Sales of Fixed Asset TType : 210
Press enter
Amount :*
Text :+
THEN SAVE