S4F02 Financial Accounting in SAP S/4HANA —-Academy Part2 - Part! PARTICIPANT HANDBOOK INSTRUCTOR.LEO TRAINING ‘course Veston: 05 ‘Course Duration: § Dayle) e-book Duration: 20 Hours 45 Minutes Material Number: 60139013SAP Copyrights and Trademarks aaeSAP Se eransHP along Ag esr vitogtneetens pain SA SE or an Soong NAS ste anon St pans asses metnyfon a wel = a eect yeaetannnba gazcivanmate doe su mere andecinesy) 0 Saray ace cam Pesos ‘Spying astra vaamah tetas Sesame oasis andy SAP ads dsb cath eepeery Sheeran dob screw Nanos poe sectors ma va ‘Maserati oda SAPS oa SH sae company le rps yarn ery ey ed EEE [cpr t pes haga anes ontaehexpetiope ner Tear ‘Silat PSE oP ate sna pa fea aes ase weber ones narae staat epee acer $y eugenics away. nes rng eet pemueseggpmeneateenre eerie seaioeahmatiatenmermnaene Seer Sete meena, ‘Feconoreha ope re terest ae aioe ae hc EaeeaemreamnneeaseertaeeaisTypographic Conventions ‘American English isthe standard used in thishandbook. The following typographic conventions are also used. Toage mgs vy y 4 oO » Fr] Example text Example textcape agContents Ik Course Overview 4 units: owanizatona scares a8 Uni ata Toage mgs 7 a409__Units:_Aset Transactions 209 Unita: Perio Processing and Valuation a cape ag289_Unt6:_infommaton Sytem 827 __Unit6:__Legacy Data Transter Toage mgs ry acape agCourse Overview TARGET AUDIENCE ‘This course isintended forthe following ausiences “+ Application Conautant + Project Manager + TT Suppon + Super Key/ Power User Toage mgscape agLesson ‘Asigning a Chart of Accounts ana a Char of Depreciation to-a Company Code 2 Exefise 1: Asign a Chart of Depreciation to a Company Code 9 Lesson 2 ‘Asigning Management Accounting Objectsto Fixed Ass 6 Lesson 3 Defining How Depreciation Areas Pos tothe General Ledger w Exereise 2: Define Deprectation Areasane the Update of he Geneval Ledger a Lesson 4 Understanding he Importance of Ase Glasses in Fixed Assets ar UNIT OBJECTIVES: ‘Name and diterentate important organizational units ‘Assign a chart of deprecation to a company code ‘Outline how FLAA|s integrated with Management Accounting Define which depreciation areas post which valuest the Gi. ‘Assign the financial tatement version for asst reports Understand the Importance of he asst clasosin fixed assats Toage mgsAssigning a Chart of Accounts and a Chart of Depreciation to a Company Code LESSON OVERVIEW ‘Thislesson deserbes company codes, chats of accounts and charts of depreciation. in Addlton,itexplains now to asign a chat of accountsand a chat of depreciation to a ‘company coae, Business Example ‘Your extemal consltants have proposed that you use organizational units for mapping the ‘organizational group anucture. The Asset Accounting (FLA) project team decides to mest and discus the proposals Forthisteason, you require the following knowledge: + Anunderstanding ofthe diferent eganizational units + Anunderstanding of chatsof deprecation + How to define charts of depreciation and asign them to a company code LESSON OBJECTIVES Aer competing ths lesson, you wil be able to + Name and diferentiate important organizational units + Asign a chart of aepreciation to a company cove caper gerardeso AaspngaChat et ccs daha dagen a Cony Cae ent, Company Code, and Business Are Fare | ler Oana Gade sre ca Fett ae, ae Sat ‘The following ae te organizational units in Aswet AccoUntNg (FLAY. + client ‘The client isthe highest level Inthe SAP s/em hierarchy. This level denotes the speciic logical system that you are wenng on. Specifications that you make at this level apply to all company codes. + Company code {Each company code isan independent accounting unit. The legallyzequlred balance sheet and profit and loss statement are created at iisteve + Profit center ‘profit center evaluates ne success independent areas hat are responsible for costs ‘and revenueswthin a company You deciga whether you need t create only a profit and loss statement atte profit center level (document breakown not active), ora profit ana lose gatement and a financial datement (cocument breakdown active). + Segment Aseginentisa dlvigon ofa company for which you can create financial katements for {extemal reporting, Cetin accountng principles for example US. GAAP (SFAS 191) and IFRS (IFRS 8}, require companiesto perform segment reporting. You can define sogments In your SAP gjstem for his purpose and provide infomation on the financial resultsot thew business wegments, + Business area Se SADar gear Sucses Each business area is regarded as financially separate unit for which an intemal balance sheet and prot and losssatement can be created. Before using the BusneseArea, characterigi, you need to define the Busines areas you want to work with I9 Customizing for Enlerpse Stucture under Definition Financial Accounting Define BusnessArea, > ve Document spliting (@ function in new General Ledger Accounting) enables yo to exeate complete balancestor the Business ea characterise, the profit center, and the segment Chart of Dopreciaion and Chart of Accounts ‘Chart of dopr. | Chartofdepr. Chartofdopr. | Chart of dopr. 00E ous or 068 Fare? Our dapesair dCi carte All the general ledger (Gil) accountsare defined in the chat of accounts FLAAWors with the chart of accounts asdgned to the company code in F. You can moaiy the chat ot Aaccounisio sul your needs such as global, indusypecic, or countypeciic requirements (Chartsof depreciation are used to manage variouslegal requirements forthe depreciation and valuation of assets You flexibly define the keystor the automatic deprecation of asets In each cart of depreciation. They are based on elements for calculation (calculation ‘methods period contols and so on) that are avaiable clent-wide, Since chartsof depreciation mus be county-pectc, SAP provides sample chartsof depreciation for many counties. You can use these countny-specifc simple chars of depreciation to create your ‘oun company-specile chat of depreciation. It isnot posdble to use these standard chars of ‘depreciation gitect. You mus ceate your own chart of depreciation by copying the reference chat of deprecation. You can delete any depreciation areasot ine reerence chart of depreciation that are nat needed, z caper gerardeso AaspngaChat et ccs daha dagen a Cony Cae 5 Each depreciation area epresentsa speci type of valuation, sich as book depreciation or tax deprecation. You can also dine your own depreciation areastor a eat of depreciation. Each company code uses one (operative) chart of accounts and one chart of deprecation. ‘Multiple company codes can workwitn ne same chart of accounts and the same chart of epreciaton, ‘Sample Chartsof Depreciation [Bre comsmicnscOwedigemn S—*SY ‘The depreciation areas ina chart of depreciation ae derined wih atwo-sigit numeric key. Depreciation aea 01 Is mown asine leading deprecation area. Thisarea reece local ‘accounting prnciplas in each sample chat of depreciation. The leading area hasa special ‘ole, whi you ean examine In various contexts during this couse. ‘other depreciation areascan contain following valuations: + Taxbalance set valuation + Coming based valuation + Valuation approachesin otnercurtencies or otner valuation approaches sich as group valuation Scone —ar gear Sucses + Capita tax valuation + Ditences between book and county specific tx-basod depreciation Oo Shine neon oe ero ne compete sev citi en em at come ene cntaopsaun wo ie oe esas iy template. This chart Isa copy ofthe sample chat of depreciation ODE, witha fey added values Inthe United States, you may use the chart of depreciation 1740, which Is more| orlessa copy ofthe sample chat of depreciation OVS. Depreciation Aras Wi fectopemones ‘set potoiosandtansactonsar valved diferent fr ateen purposes You can usr aiterent valuation appreacestor tne folowng puposes + Book depreciation aocoiing 1 local equements + Balance steestor tax purposes another valaton fspemited) + Cos accounting deprecation + Parallel accounting forcreating a consolidated balance sheet according to Intemational Financial Reporting Standards (FRS) or US. Generally Accepted Accounting Pincipies (US. GAAP), forexample caper gerardeso AaspngaChat et ccs daha dagen a Cony Cae {All ese valuation approaches are mapped in the SAP system through depreciation areas. LAA Company Code eee Coed) ‘To create an FLAACompany cove, perform the following eps 4. Setup the company cage in F 2, Allocate a char of deprecation tothe company code (in a separate project, I posible). 3. Expand the company code to include the necessary data and information using vasious ‘customizing aces. ‘The company code isten ready for se in FLAA, Scmmmmompemear gear Sucses z cape agAssign a Chart of Depreciation to a Company Code Example In your enterprise, FIAA wll be mapped in the SAP g/tem using genera ledger (GL in Fl To achieve this you need to process and analyze the chart of depreciation and depreciation area objects ina test stem. Nex, you need to assign a chart of depreciation toa test company code, ase DDofine and configure a chart of deprecation. Thischart isa prerequisite for many other settings that aflect LAA, 4. Create your oun chat of dopreciaton with the short description TAH (= your group number) by copying the chart of depreciation 1010 (In all Germandanguage courses). vant Use the chat of depreciation 1010 in SAP taining coutsesony. i practice, you can use the county-apeciic sample cna of depreciation OXY asyour copy template, where XY represents county. For example, use the sample Chart of depreciation ODE In Germany, OUS inthe US, and OGB In the UX. Note: It the S4F17 couse isnot taking place In a German-speaking country, askyou Instuctor about ine chart of depreciation to use asa tempiate betore completing his exercise S4F17 coutsesin the US can use chart of ‘depreciation 1740 asa template, 2. Change the desciption of your new chart of deprecation TAB, for example, to char of deprecation group #8. Task ‘Assign the chat of depreciation to your company code. 4 Linkihe chart of deprecation TA## to your company code TA## to use FLAAIN the SAP. ‘jtem with your new chart of depreciation. Se ADar gear Sucses Tasks 4. When you analyze te tabs deplaying which charts of depreciation are asigned to a ‘company code, you may find company codes wth no chart of depreciation asigned to them. What could be the reason for hi? Tass 4. The chart of dapreciaton Isdotined at cent level Determine wheter thissdatement is tue o ale. DF pve re 2. Acountryspectic sample chart of accounts applied by SAP cannot be adapted to your own requiements Determine whether thistatement is tue or false. Bl ne Ey rae 3. Vasious company codes can be assigned tothe same chart of depreciation. Determine whether thsstatement is true or false. Bl ne El rae e caper gerardAssign a Chart of Depreciation to a Company Code Example In your enterprise, FIAA wll be mapped in the SAP g/tem using genera ledger (GL in Fl To achieve this you need to process and analyze the chart of depreciation and depreciation area objects ina test stem. Nex, you need to assign a chart of depreciation toa test company code, ase DDofine and configure a chart of deprecation. Thischart isa prerequisite for many other settings that aflect LAA, 4. Create your oun chat of dopreciaton with the short description TAH (= your group number) by copying the chart of depreciation 1010 (In all Germandanguage courses). vant Use the chat of depreciation 1010 in SAP taining coutsesony. i practice, you can use the county-apeciic sample cna of depreciation OXY asyour copy template, where XY represents county. For example, use the sample Chart of depreciation ODE In Germany, OUS inthe US, and OGB In the UX. Note: It the S4F17 couse isnot taking place In a German-speaking country, askyou Instuctor about ine chart of depreciation to use asa tempiate betore completing his exercise S4F17 coutsesin the US can use chart of ‘depreciation 1740 asa template, £8) Copy he reference char of deprecation or depreciation areasin Customizing for Financial Accounting (Newnder Aswet Accounting (New)— Organizational ‘Siuctues ~+ Copy Reference Cart of Depreciation/Depreciation Areas ») In theChoose Activity dlalog box, underhéName of Actvtycalumn, double-click Copy Reterence Chat of Depreciation 2) On theOrganizatonal object Char of depreclaomicen, choose Organiz object Copy org. object 4) In meCopy dalog box, enter the following data Sconear gear Sucses Field Name or Data Wpe Vatu From Cha of dep. [1010 (Based on the char of depreciation in your county) "To Ghar of dep. mae ‘¢) Choos Continue 1 Confirm the infomation from the sytem stating tha the copy transaction was succes 19) Go backto theChoose Activity dalog Dox. 2, Change the dessiption of your new char of deprecation TAS, for example, o chart of epreciation group #. 4) In mechoose Acily dialog box, double-clieBpecty Dessiption of Char of Depreciation 'b) On thecnange View “Ghar of depreciation: Specty name” Ovewiewen, search for the line with your chat of depreciation TAB and ihe deserptiorthat of Depreciation 1010 6) Overwite tne Description column withthe following data Field Name or Data ype Vatue [Char of Depreciation (CnDep) rane Deseipiion [Cuare of Depreciation Orow 6) Save the data 1) Go backta hechaose Activy dialog Dox Ta ‘Asin the chat of depreciation to your company code. 4. Linkthe chart of aeprecation TAs fo your company code TA## to use FLAAIn the SAP ‘stem wit your new chat of depreciation. 4) Assign the chart of depreciation to your company code in Customizing fFinanctal [Accounting (New)under Asset Accounting (New)~» Organizational Stuctures-~ ‘Assign Chat of Depreciation to Company Cade 'b) On thecnange View (Maintain company code in Asset Accounting) Overviaeren, ‘ind your company code TAS. €¢) In mectsep (Chart of Depreciatonjeolumn, entoreag 4) Save and go backto the main Customizing screen. a cape ageso AaspngaChat et ccs daha dagen a Cony Cae Tasks 4. When you analyze tne tables aleplaying which chars of deprecation are asdgned toa ‘company code, you may ind company codes with no chat of depreciation assigned to ‘them. What could be the reason for this? Company codes wth no chatt of depreciation cannot wok with the FLAA component. Based on thelr aze, these company codes may not need FAA as an Fl sibledger ‘Therefore, you can perfom Asset Accounting in an extemal em. Task 1. The chat of deprecation isaetines at client level Determine whether his statement istive or false Tne Dl aise 2, Acounityspectc sample char of accounts supplied by SAP cannot be adapted to your ‘own requirements. Determine whether this statement itive or fase Dl fine i Fase 5. Various company codescan be ned to the same chart of depreciation. Determine whether thisstatementistive or fase Tne Gras Sommgmgeems SSS 8ar gear Sucses LESSON SUMMARY ‘You should now be able to + Name and diferentiate important organizational units + Asign a chart of daprciaton toa company code e cape agAssigning Management Accounting Objects to Fixed Assets LESSON OVERVIEW ‘This lesson explainshow to asign Management Accounting objects to Mixed assets, Example [Amough your focusison Asset Accounting (FL-AA), you need fo discussthe ene ‘accounting view to undersand the integration between the applications. For this reason, you require the following inowtedge + How FLAAIs integrated with Management Accounting Sigg) LESSON OBUECTIVES Afier completing this es, you Wl be able to + Outine how FlAIsintgrated with Management Accounting (Cost Accounting Assignment In he asset master record, you can asign the following contig objects (CO} Toage mgsar gear Sucses + Gos center + Order ¢ntemaly eal or statistical + Activity ype: purely atisical infomation ‘These CO objects are asigned tothe contlling area and, therefore, may be relevant forone ‘ormore company codes. Hint Itispossble to sadgn object fom other applications (ith contaling functions) in adltin tothe purely CO objects. Examples of these objects.are as follows + Workbreakiown sructure (NBS) element + Real esate object, + Maintenance omer purely atisical infomation + Objectstiom Pubile Sector Management (PSM) ‘The deprecation fom any deprecation area can be posted to he following CO objects + Cos center + Real order + Cos center and satisical onder + WBS element + Cos center and satical WBS element + Real esate object + Objectstiom PSM Howovor itisnot possible to assign an as LESSON SUMMARY Yu sould now be able to + Outine how FAA sintegrated with Management Accounting caper gerardDefining How Depreciation Areas Post to the General Ledger LESSON OVERVIEW ‘This lesson explainshow the deprecation areas ofa chart of depreciation are tansened and posted 1 he general ledger (IL). Busness Example ‘Asoels.are to be evaluated trom a wide variety of business and legal pespectives. Asa ‘member of tne project team, you need to agree on proposalsregarding the songs and types (of depreciation areas For hisreason, you require the following mowledge: + An understanding of asiot values and deprecation values; + How fo pos values of aiterent depreciation areasto the GiL LESSON OBJECTIVES After completing this ess, you wil be able to: + Define which depreciation areas pos which values the GIL + Asign the tinancal statement verson for asetepons Depreciaton Areas and Financial Statements eee 2 Breton + aetna yee | Sconmemompeme aar gear Sucses You valuate your fixed assets by applying diferent valuation approaches for diferent business taxation, and logis.ation purposes With Asst Accounting (FLAA) asa Financlal ‘Accounting (F) subledger, you can manage diferent valuation approaches for each asset In depreciation areas However, asfinancial satements are not required for the valuesof all ‘epreciation areas you need fo define the setingsthat mus be transfered to Flin (Customizing, ané daseibe how his transfer occurs (Customizing Asst Related Posting tothe General Ledger (GiL} (ays poe) Fore Darefesrpi fet \Winen using the accounts approach or Ledger approach, you have the fllowing options + (0)Area doesnot pos any valuesto FI + (1) Area posts ase valuesto Fl online in realtime = depreciation periocially + (@)Area poss deprecation only + (@)Atea poasAPc immediately, depreciation perocially You provide setings for deprecation area 01, so tha the system posts ast valuesto the GGL intealsime. AS tandard, you map book depreciation, whl isbased onthe local generally accepted accounting principles (GAAP) inthe deprecation area 01. However, wit Increasing tequency, tie depreciation area 01 maps ne Intemational valuation approach and ‘therefor, the Intemational accounting principle isentere in real-time, ‘The FLGL company codesassigned ledgers must match the chart of deprecation In FIA. Al Iedgersin which the company code updates account balances in the general ledger mus also be updated in the asset aczounting, This meansthat every base ledger has tobe controlled as {2 depreciation area. The assignment ofthe ledger occurs though accounting principle Depreciation aea 01 doesnot necessafly have to be asigned to the leading ledger OL. All depreciation areasare equal. No leading depreciation areas ex |All deprecation areas representing the same accounting principle wil be assigned to the same accounting panciple (and ledger group}. You have to assign an accountng principle to i caper gerardess tng How Decne ese ental Le 23ch depreciation area, even to non-posting depreciation areasor to delta depreciation areas ‘hat ae only for repeting (he accounting principle isnot allowed to be Inia blank) You ‘ean asign the same accounting principle lo several depreciation areas astong asthe aeas represent te same valuation. ‘The parallel curenciesin asset accounting must be aligned with thos ofthe genera ledger. ‘Company codescan only be assigned the same char of deprecation, ifthey maintain the ssime nonleading leagersand the same parale!curencies Depreciation is always posted on 2 periodic basis. The programxa_DePRECrRTZON Post, ‘used for thisposing ‘You can also define depreciation areasfor reporting purposes only. When you use this, approach, the deptedation atea doesnot pos any valuesto the Gi, Note: For parallel valuation, you can flembly assign the depreciation areas of Ast ‘Accounting fo the ledgers ofthe general ledger, The system poss paalel values] Wwitn the actual values in realtime; separate documents are posed foreach valuation (hat Is each accounting principle} The ledger approach and accounts approach are discussed in unit 4 ‘You detine accounting prnciplesin Customizing tafinanctal Accounting (Newynder Financial Accounting Global Settings New) Ledgers- Parallel Accounting Define ‘Accounting Principles ‘You combine tne aczounting ules withthe coresponding ledger in Customizing r6inancial ‘Accounting (New)under Financial Accounting Global Seitings (New) Ledgers-- Parallel ‘Accounting-+ Assign Accounting Panciple to Ledger Groups Semmgmmgeems SSSRar gear Sucses Depreciation Areas and Francial Statement Versions Financial ‘statements for book deprecation Financial statements for IFRS Fred Degen ee Praca Stil Vooare ‘You can post the asset values and depreciation valves fom the individual depreciation areas {o separate financial datement accounts or prot and lossaccounts, You can define any number of financial satement verdons according tothe chart of accounts, The definition ismade in Customizing forthe GI. You can secity he nancial satement version, balance sieet item, or profit and loss statement lam in whicn the account values appear. irasset reports spay nancial statement items, you can asign a fisancial statement verdon for each depreciation area. You can speciy the financial tement verdon for asst ‘epors in Cugomizing fr Financial Accounting (New) underasset Accounting (New) Integration wih GiL Accounting Specify Financial Statement Verson forAssat Reports You can select he conect son variant to ciplay the Hnancial statement items inthe aset reports 2 caper gerardDefine Depreciation Areas and the Update of the General Ledger usr Example ‘The FlAAA projec team meetsto agree on proposs forthe settingsand types of deprecation areas required or used Task Derine now deprecation areas posto the Gr, 4. Depreciation areas do not always pos ther values (aot values or depreciation) to the GIL in I. Venty how the depreciation areasof your chart of depreciation TASH post to the Gi. + Which F-AA depreciation afea poss the asset valuesin realsime tothe GIL? + Which deprecation rea only posts depreciation? + Which deprecation areas are curently reserved for reporting purposes and do not transfer valuesto the GIL? ‘caution: Do not change pregenines ents. Task ‘Speciy the financial statement version for asset reports 41 The dandard repoting tuncttonalty of FLAA enables you o group your assets according to financial atement items and diplay the financial satementtemsin the ast reports Note: You can do so by simply solecting a sort variant withthe financlal statement Item field (sructure ANLAV, fled ERGSO) in the selection screen ofthe repo For the stem to inow with which financial tatement version a depreciation aea isto be listed, you need to asign the conesponding financial datement version to yout ‘deprecation areas. Assign Be financial datement versort01010 all deprecation areas Oniy the areas 20, $2, and 33, which ao the dandard areasfor he consolidated balance ‘test, must receive the financial datement versont720 Somme SSSRar gear Sucses Tasks Cchecka deprecation area for oreign curency, 4. Which curendies are updated in GIL? Within which depreciation aeasare these curencies sown? 2 caper gerardDefine Depreciation Areas and the Update of the General Ledger usr Example ‘The FIAAA ojac team meets to agree on proposal areas required or used forthe sotings and typesof depreciation Task Derine now deprecation areas posto the Gr, 4. Depreciation areas do not always pos ther values (aot values or depreciation) to the GIL in I. Venty how the depreciation areasof your chart of depreciation TASH post to the Gi. + Which F-AA depreciation afea poss the asset valuesin realsime tothe GIL? + Which deprecation rea only posts depreciation? + Which deprecation areas are curently reserved for reporting purposes and do not transfer valuesto the GIL? ‘caution: Do not change pregenines ents. 42) Define how deprecation areas pos tothe GL in Customizing foFinancial Accounting (New) under Asset Accounting (New) — Integration with General Ledger Accounting “+ Define How Depteciation Areas Posto General Ledger ») Ifthe Determine WorkArea: Enityaalog bos, Isdlsplayed enteratg and choose Enter, You can ae that depreciation areas01 and 22 pos valuesto the GIL In eal- time, depreciation area 20 posts only deprecation, depreciation ae 03 poxAPC Immediately and Depreciation and all otner areas do not update the GIL €) Go back'o thecustomizingsereen, Task “Speciy the financial statement version for asst reports 41 The dandard repoting functionality of F-AA enables you to group your assets accorting to financial tatoment items and diplay the financial aatementitemain the ast reports Semgmmgeems SSCSar gear Sucses ote You can do so by smply selecting a sort variant wit the financial datement Item feta (ucla ANLAV,fleld ERGSO) inthe selection screen of the repo For the gysem to how wth which financial statement version a depreciation area isto be Tied, you need to asign the comesponsing financial Zatement veron to yout Ceprecation areas Assgn the financial datement versort010t0 all depreciation areas Only the areas 20, 82, and 33, which are the standard areastor the consolidated balance sheet, mus receive the financial tatement versont 7/20, ‘) Speci ne nancial statement version for asset reports in Cugomizing foFinancial Accounting (New)under set Accounting (New) > Integration wth General Ledger AAczounting-- Spediy Financial Statement Version for Asset Reports 1b Select he line item for TAW# and double-clicAsagh financial aatement versonunder Company code selection he diatog stuctue €) Enter the following data Field Name or Data Wpe [value Local GAAP in local cunency ox [Special tax depreciation forAPOIn | 1030 in statement Local Taxin local cumency oxo (Gos-accounting depreciation IFRS Local] 1720, Cureney [Local GAAP in group curency fox IFRS in local cuency ja720 IFRS in goup currency jav20 4) Save the data, 12) Go backto theCustomizingscreen Tas CChecka deprecation area for foreign curency, 4. Which curencies ave updated in GIL? Within which depreciation aeasare these curencies sown? 4) Go to Customizing forFinancal Accounting Newunder Financial Accounting Global Setings (New) Ledgers» Ledger-- Define Setingstor Ledgers and Curtency Types. by SelectStandatd Ledger OLand double-ciesCompany Code Setings tor he Leager ‘The company code TA## has the local curency (company code) curency and the Global curency (group curency) in the sandard ledger OL. = caper gerardess tng How Decne ese ental Le 1) Go back 4) SelectStandara Ledger 2tand doube.cickCompany Code Settings fo the Ledger ‘The company code TAM# hasthe local carency (company code) curtency and the Global curency (group carency)in the dandard ledger 2. {Go to Customizing forFinancial Acsounting (Newhnder Asset Accounting (New)-> General Valuation Depreciation Areas Define Depreciation Areas =: Define Depreciation Areas Depresation area 31 containsLocal GAAP in the goup cumency, Depreciation area 33 contains IFRS in group curency. 1) Go to Customizing foFinancial Aesounting (Newunder Asset Accounting (New) General Valuation Curencies = Define Depreciation Areasfor Foreign Curendes, 9) Go back Semmgmgeems SSCSar gear Sucses LESSON SUMMARY You should now be be te + Define which deprecation ateas pos which valuesto the Gi + Asign the financial datement verson fo: sat repos = caper gerardUnderstanding the Importance of Asset Classes in Fixed Assets LESSON OVERVIEW ‘This lesson explainshow to name ast classes and their important elements Business Example You For + An understanding ofthe importance of asset clasesin fxed assis + Anvunderstanding of the elementsot an asset class and their functions LESSON oBleCTIVES Aller completing this lesan, you Wil be able to + Understand the Importance of the asat cassesin fixed assets ‘Bomonts of an Aeset Ciass gue 10s ass -an Gaatesen cn Each asset isassigned to only one asset cass, Toage mgsar gear Sucses The following ae examples of asset clases + Buiidings + Vehicles + Fiduresandfitings| + Machines Hint ‘Amel clans ate creates atthe lent level Each asst class condas of to maln sections the mast section. section and depreciation dala can be linked to multiple charts of deprecation. Thistining allows fora lobally uniform classcataiog, despite there being diferent deprecation areas. Yu can configure the asst class with default values for master data Information and depreciation temsfor each deprecation aea, In addition tothe default values, asot clases leo camy contol dats, such as account determination, number range inten and screen layout ‘You can suppress individual depreciation areas depending onthe asset clas, For each ‘epreciaion area, you can propose the deprecation attibutesfor he assetsand choos whether they can be defaulted by the stem. Ifyou propose the deprecation attibutes they an be overrtion manually, If necesay, during aiat ceaton. Asset Clasand Aset Maser Record [1000 WD ‘Glasses si puting Fotures and ftings Assets under construction Lowvalve assets The asset assis the main citron forclasifying assets You can specitycerain contre! maser data parametersand default values or calculating deprecation, and identiying ot Inveach ase class a caper gerardLess Unt Pe npr se Clases Fae Sees ‘You need to asign aes nat appearin aliferent places thats lferent balance sheet roms (ferexample, bulldngsend machines) aifeent aot classes ‘You can define asset clases for asels under consiction and lowsalue assets You can also create intangible asses auch 2s patents or sofware) and leased assets Teg] LESSON SUMMARY You should now be able to + Understand the Importance of the asset asses intxed assets Semmens SSCSar gear Sucses e cape agLearning Assessment 1. Each company code isan independent accounting unit. Determine whether his statement istve or false. | 2. Which of the folowing oxginal Management Accounting odjectscan you asign In the ‘set maser record? ‘Choos the corect answers, ctype 4. It ls posable to asign an asset to to cost centers Determine whether this statement is tive or fase. 4. You can assign a nancial statement version for each depreciation area so that you can display financial aatementitemsin ast por. Determine whether this statement is tive or fase. rr SADa trang sessmet 5, Which ofthe folowing contol data Is canted by ase classes? Choose the conect answers. Ey Rumberange ienar Elf imrance ype Ey fe Account aeteminaion By b sewenayou 6, An aset dass.can be linked only oa angle chart of deprecation, Determine whether tnestatement is true or fale. Bl ne Ey Fate 7, Asset classes ae ceated at lent level Determine whether thisdatement is tue or ae. Of ime Of Fae = caper gerardLearning Assessment - Answers 1. Each company code isan independent accounting unit. Determine whether his statement istive or false 2. Which ofthe folowing orginal Management Accounting objectscan you ‘aot master record? ‘Choose the eonect answers, Wil macy Be oe Hp cowenmer 2. Hispossble to Determine whether thisstatementistive or fase Me | 4. You can asign a nancial satement version foreach depreciation area # that you can display nancial satementitemsin ast ports. Determine whether his statement istive or false Jgn an asset two cost centers De ve Sconea texans. hemes 5, Which ofthe folowing contol data Is canted by ase classes? Choose the conect answers. De Rmber ange ena Bl e msrance ype Account aeteminaton Screen layout 6, Anaset dasscan be linked only oa angle chart of deprecation, Determine whether thietatement is true or fale. El me Fase 7. Asst classe ae created at client level. Determine whether thsstatement is true or fale. Tne OD Fae a caper gerardLesson Explaining the Componentsot an Asset Class 37 Exercise 3: Use Number Asignment or FLA “ Exorise 4: Use Account Determination 43 Exefise 5: Maintain the Screen Layout of Asset Master Data 3 Exereise 6: Maintain the Screen Layout of Axel Depreciation reas, 37 Exercise 7: Copy Asset Class fom Reference et Exorcise 8: Display Ascot Cass 4000 45 Exeise 9: Manage Atel Ciasesfor Low-value Assets or Lesson 2 Creating and Changing Mader Data in Asset Accounting 70 Exerise 10: Create Asset Maser Records 15 Exerise 11: Maintain Time-Dependent Data a7 Lesson3 Ccanying Out Mass Changesto set Maser Data Ung a Wort 2 Exercise 12: Define the User Fleldsand Mass Changes of Asset Master Records 95, UNIT OBJECTIVES + Asign an account determination Key to an asset clase + Assign number range interalsto an asst cla + Explain he sowen layout of asset master data + Explain he sowen layout for asset depreciation areas + Copy asset clases fom reference + Understand spectal asst class sich as Asset under Construction (AUC) and Low.Value ‘Assets (LVA) + Greate maser data in KAA + Change master data In FLAA + Asign aset and equipment master records Se AD+ Cary out mass changesto asset master data using a works. ® cape agExplaining the Components of an Asset Class LESSON ovERVIEW ‘This lesson explainsthe special asst class, sich as ast under constuction (AUC) and Jowevaiue asset (VA) and various componentsof an asst clas Business Example ‘Your extemal consultants have proposed a catalog fr asset classes inthe corporate group. ‘Your Asset Accounting F/-AA) pioject eam needs io dsbuss proposais and tes he posdbie effets on stom functions. Hine ‘Asset clases are used asa template for he asset master rcordsthat are ‘created later. Therefore, itismecessary to decide which default values are to be SSored in the asset claseato enaie the uniformity ofthe assets. For thisreason, you requite the following iowledge: + An understanding of aset classes + An understanding of various components ofan ast class LESSON OBJECTIVES Aller completing this ess, you wl be able te: + Asign an account determination Key to an asset class + Assign number range intervalsto an asst class + Explain he soeen layout of asst mat data + Explain the sowen layout for asset deprecation areas + Copy asset class tom reference + Understand spectal asst class sich as Asset under Construction (AUG) and Low.Value ‘Assets VA) Scopus a‘Account Determination (Chart of dope ‘Asset ats 000 rent sera} 1 01 Book depe orn 30 Group depr. | 100 | ee Create asset Fauci rats pecan Duara cast SL Amt clasnsesablish a likbetween aszet mastr records and thelr values.anc the general eager (GiL} accounts, to whieh the related ase values and deprecation are posted. You can contol tis link tough account determination. [An account determination my can be used in diferent ways, depending on the following ‘eenatos + if you tansfr asx valuesin one deprecation area tothe GiL, the account determination ‘ny stored in Customizing ofthe asa classcan be Identical tothe account aumber ofthe fixed asset balance sheet account, Thiscan only be done if your asset cass catalog Is relatively snail, However, hiss 2idom the case + if you have soveral similar asst classes you can usp the same account determination kay forall of hem and vanser the values a fed aset Balance sheet account in the financial Satement + Ifyou use company codes wth diferent operational charts of accounts you only need one ‘account determination lay to pox ase values for ane classta accounts in ciferent hams of accounts = caper gerardLessar pa he Congas cafes Assignment ofthe Git Accounts win account determination, you define GIL accounts tor ll asset tansactionsand processesthat you need to enter. You maintain the account determination in Customizing {financial Accounting (Newunder ‘Asset Accounting (New}- Integration with General LedgerAccourting Assign Gil. ‘Accounts For depreciation areas hat pot depreciation tothe Gi, you mus assign additonal Git counts For ordinary depreciation and unplanned depreciation, you must assgn an Accumulated depreciation account, an expense account, and a revenue account fora wite- ‘up. You ean aio asign additional GIL accounts for evaluations of depreciation and interes Ine costaccounting area it necessary. ‘Assignment of the Asset Master Nurber Fave nb Rages ‘The number range contols te numberasignment ofthe asset maser record Sommer SSCSYou can define the following number asignments, + tntemal The system automatically assigns the next avallable number, In numerical sequence, within te defined number range interval + extemal The number isasigned by the user orby another tem. You can assign specific number rangesto each company code in Customizing f6inancial Accounting (New)under Asset Accounting (New)-+ Organizational Stuctures~ Asset Classes Define Number Range Intel Altematively, you can specity a crosscompany code number assignment in Customizing for Financial Accounting Newunder Aset Accounting (New)~» Organizational Sictures- Specify Number Assignment atoss Company Codes caper gerardUse Number Assignment for FI-AA. Example ‘The Asset Accounting FIAA) project team is meeting to dans proposals lating othe ‘numberof asset clases ana thelr settings n relation to account determination and number asignment. Use number assignment for FLAA, Ings for number assignment. The quickes way to define a separate number range ‘py the number range intoval of company code 1010. You can also choose your ‘ross-company-code number assgnmentfogether with company code 1010, tough asa result you may share number rangesvitn ofher groups, 4. Copy the intenal ofthe company code 1010. Sconmmommeme awUse Number Assignment for FI-AA. Business Example ‘The Asset Accounting F-AA) projec team is meeting to diseus proposals lating tothe ‘numberof asset clases ane their settings in relation fo account determination and number asignment Use number assignment for FLAA, Create settings tor number assignment. The quickest way to define a separate number range Interval Ista copy the number range interval of company code 1010. You can also choose your ‘osecompany-code number assgnment together with company code 1010, hough asa reault you may share number ranges itn ofher groups, 4. Copy he interval ofthe company code 1010. 1a) Define a number range interval in Customizing financial Accounting Newynder [set Accounting New)-+ Organizational Stuctures~ Aswt Classes — Define Number Range Interval 'b) On theRange Maintenance: Asset Numbescreen, enter 1102s the company code €) Choose Ranges Copy Subobject. 4) In meCopy: Company Codatialog box, enter the following data Field Name or Data Wpo [value From frou Te awe ‘Choose the Continuepushbutton 1 Contr the dialog box hats ciplayed and then look tthe message deplayed Inthe statusarea {9} Checktne number ranges copied in company code TAR entering the company code ‘TAW# In Range Maintenance: Asset Numbeseen and choase Deplay Intervals button caper gerardUse Account Determination Example ‘The Asset Accounting FIAA) project team is meeting to dans proposals lating othe ‘numberof asset clases ana thelr settings n relation to account determination and number asignment. ‘Checkthe contol parametersand account determination forthe asst ca (Machinery and Equipment) and for ast cia 3000 Fixtures Fitings) Task 2000 Fun the tansaction at providesyou with an overview of alle exiting asset clases, 1. Which transaction provides you wit an overview o ll exising ase clases? Task CCheckthe detalls forthe asset class 2000 (Fixtures Fitings) 4. Checkwnich conto! parameters ae defined for he asset class 3000 (Fixtures Fitings) 2. Gheckwnich number ange or number range inetal Isassgned to asset class $000 (FoauresFitings, 3. Use the help function to ng detaled information about how account detemmination vos Task Ccheckthe account determination ty, 4. Checkwnich account determination key is asagned fr and Equipment) 2. Checkwhich balance sheet asset account ispste to by the tom with the account {determination key 180020 (Machinery and Equipment) for an aset aoquston in ‘deprecation area 01 and 82 the chat of aczounts YCOA, 8. Checkwhich acoaunt number fn the chart of accounts YCOA) isaadgnes forthe expense ‘account for cos-accounting depreciation (depreciation area 20) in asset class 2000 Machinery and Equipment). set class 2000 (Machinery SconmmommemetUse Account Determination Business Example ‘The Asset Accounting F-AA) projec team is meeting to diseus proposals lating tothe ‘numberof asset clases ane their settings in relation fo account determination and number asignment ‘Check he contol parametersand account determination forthe asset class 2000 (Machinery and Equipment and forasetciass 3000 Fixtures Fitings), Text Fun the vansacton that provides you with an overview of all the exiting asset clases 4. Which transaction provides you wih an overiew o all exsing aset asses? '8) Accest ihe overview of all asset ciate in Customizing fofinancial Accounting (New) Under Ast Accounting (New) Organizational Stuctures-+ Asset Classes = Define Asset Clases, The transaction code ison Isforthe asa class 3000 (Fiatures Fitngs) 41 Check hich contro parameters are defined forthe asset class 3000 (Fixtures Fitings) {) Checkine defined conto! parameters for an asset classin Customizing fofinancial Accounting (New)under Ase Accounting (New)-+ Organizational Structures Sr Asset Cases — Define Asset Clases, ') On theChange View “Asset clases Delallsaxeen, doublelick he row containing the asset clas 3000 (FinturesFitings)- Altematively, place the cursoron there containing the asset ciass3000 and chooseGoto+ Details Note the following parameters account determination, sen layout ule and number range. 2. Checkwhieh number ange or number range intewal is assigned to asset class 3000, (FomuresFitings), 4) Checkine derined conto! parameters for an asset ciassin Customizing foinancial [Accounting (New)under Asset Accounting (New) -- Organizational Stuctures| + Asset Cases — Define Asset Clases, 'b) On thechange View “Ass clases? Detallsseen, double-click ne rw containing ‘see case 4000 (FisturesFitinge).Altematvey, place the cursoron tne row Containing asset class 2000 (Fixtures Fitings), and chooseGoto + Details €) Checkthat the numberange interval 8 caper gerard