FIN Asset Accounting

Asset Legacy Data Migration in New Assets Accounting (S/4 HANA)

# Purpose This blog will let you know about the Asset Cutover in S/4 HANA during a green field implementation. There are various scenarios in Asset Legacy Data Migration, here four scenarios will be covered. Asset Cutover – Previous Year Acquisitions Asset Cutover – Current Year Acquisitions Asset Cutover – Assets Under Construction – Line Items (AUC) Asset Cutover – Assets Under Construction – Investment Measures (AUC)   # Assumptions …

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S/4 HANA- New Asset Accounting – Considering Key Aspects

This blog is focused on New Asset accounting for ledger approach in multiple currency environment. New Asset Accounting is the only Asset Accounting solution available in S/4 HANA, classic Asset Accounting is not available any more. I have covered following key topics within S/4 HANA New Asset Accounting keeping in view various questions coming in from different customers/partners on this key innovation step taken within Finance as part of S/4 …

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Asset under Construction through MM

Hi All, I am describing AUC through MM process. What is AUC? AUC is Asset under construction where some assets are in construction phase and cost needs to capture through internal order for the time being. Once asset is fully completed then cost would be transferred to another cost object (E.g. Cost center) and settle with final asset. E.g. ABC company constructing building for their office. While construction many expenses …

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Use of same asset class for multiple chart of depreciation

If you have multiple chart of depreciation and same asset class is used but there is no configuration done for chart of depreciation dependent.  So in this case, the account determination which is used in the asset class will have impact on all chart of depreciation. Hence, change of any GL accounts in AO90 transaction for the account determination is not good as it will impact all the chart of …

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Asset Value Date Determination When Posting Through Purchase Order

1. Business Requirement: when we are acquiring the Asset from purchase order with account assignment category “A”, for some cases the goods are received from the vendor in the current month but the invoice receipt will come in the next period (i.e. goods receipts in January and invoice receipt in March). Till the time accounting department receives the invoice they can’t post the goods receipt (that means next period but …

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Effects Of Changing Asset Life Value On Depreciation To Be Posted For An Asset

Business Requirement: Let us say we have an asset with useful life 1 year and yearly depreciation is $1200. The company code is having fiscal year as calendar year (which is Jan-Dec). The Asset is acquired at the beginning of the year, so the depreciation will start from period 1. Now we are period 4 so already there are 3 depreciation runs posted with each period $100 as depreciation amount …

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Super asset and its implementation

Definition The concept of ‘Asset Super Number,’ in FI-AA, is used only for reporting purposes. Here, you will assign a number of individual assets to a single asset number. Objective Several assets can be assigned to an asset super number (for machinery, equipment in the brake assembly line). This can be useful for the following reasons: Data relating to the assets in an asset super number can be analyzed together …

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Field level validation rule for Asset Master Data using the formula builder

In SAP Asset Accounting, a validation rule may be used to prevent entering a blank field value. The assumption here is the screen layout rule is set to optional for the fields, yet we want the system to prevent a blank entry. For example, a sample validation rule and application behavior to prevent entering a time-dependent field value (e.g. Cost Center or WBS) is shown below. Defining a validation rule: …

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More Details on Asset Lifecycle Accounting (ALA)

Blog Series:  http://scn.sap.com/community/erp/financials/asset-accounting/blog/2015/07/21/a-better-asset-solution-for-regulated-industries After introducing the Asset Lifecycle Accounting (ALA) solution earlier (link above), I wanted to start discussing some of the details of the solution. Regulated industries tend to be extremely capital intensive.  They have a large capital base of assets and equipment records that need periodic maintenance.  This leads to a large number of jobs to install, remove, and/or repair pieces of equipment.  In the normal capital project …

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Depreciation Posting Runs explained in detail

RAPOST2000 (t-code AFAB) vs. RAPOST2010 If you have to run depreciation by company code wise, the t-code AFAB (Program name RAPOST2000) can be executed. The program RAPOST2010 allows selection of several company codes. The Report selection variables can be maintained in the TVARV table for both these programs and can be scheduled using the scheduler Manager. Planned Posting Run The Planned Posting Run is the standard periodic run to post …

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