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Document_Type_Listing
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Asset Accounting noted Points

Posted on April 21, 2013May 14, 2013 by Jayanth Maydipalle

⇒ If you use different Financial Versions,you have to post more than one depr area to the General
Ledger.

⇒ Chart of depreciation is assigned to Company Code.

A t i t b ti t db f th b i t i d i th t d t
⇒ Account assignment mus be activated before they can be maintained in the master data.

⇒ Depreciation areas can have the same values and depreciation term but can be displayed in
difference currency.

⇒ Several Chart of depreciation can be assisgned to one asset class. This ensure that asset class
catalog in uniform despite using different depreciation area.

⇒ Each asset is assigned to only one asset class

⇒ We can supress individual depreciation area in asset class.

⇒ The essential function of asset class is to establish link betwwen the Asset master record and the
accounts to which the related values and depreciation are posted in G/L.

⇒ You can not assign asset to cost center, instead you can assign asset to a (real) order that will be
settled to the respective cost center. In this way you can summarize the cost your project (The asset
being part of it)

⇒  Chart of depreciation is always Country Specific

⇒ Chart of depreciation is a Catalog of country specific depreciation area

⇒ Each Company code uses One chart of account and one chart of Depreciation.

⇒ Depreciation attribute can be overwritten if necessary, but if they are specified by the system you
cannot change them.

⇒ Even after AUC fully capitalized you can still post C/Memo to it. However you have to allowed
negatice APC.

⇒ You can define depreciation area for report purposes only, which do not post any value in G/L, Eg:
Depr area for tax balance sheet.

⇒ in FI-AA you can manage different values of fixed asset in depreciation area.

⇒ In each asset class you enter a screen layout rule for each depreciation area. This rule applies to the
valuation fields in the depreciation Area.

⇒ Asset that are appear in different places / balance sheet item have to be assign to different asset
class.

⇒ Asset class used as a templete for asset master records that are created later . It is therefore
necessary to decide which default value to be stored in asset classes to ensure the uniformity of the
asset.

⇒ You can create a new chart of depr by copying reference charts of depreciation. you can delete the
depreciation areas you do not need. It must be done before asset is created.

⇒ SAP Provides model chart of depreciation for many contries these contain pre defines depreciation
area. You can also define your chart of depreciation (by copying & Changing)

⇒ Several asset classes can use same A/C “Account Determination Key ” if they use the same chart of
account and they post to the same G/L account

⇒ Depreciation 01 is the leading depreciation area (Area 01 is the book depreciation)

⇒ Asset class are created at Client level

Thankz

Jayanth Maydipalle

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SAP Financial Accounting (SAP FI)

Posted on December 13, 2012May 14, 2013 by Jayanth Maydipalle

The Financial Accounting (SAP FI) module in SAP is designed to capture organizations business
transactions in a manner that will satisfy external reporting requirements. Local legal considerations
are pre-delivered with the system and the ability to manage and report on multiple companies in
multiple countries with multiple currencies is part of standard functionality. Integration with Sales
and Distribution, Purchasing and Materials Management allows for the ability to select any financial
transaction and “Drill Down” to the originating transaction whether it is a purchase Order, Sales
Order or material movement.

Financial Accounting includes the following sub-modules:

General Ledger (FI-GL)

Accounts Payable (FI-AP)
Accounts Receivable (FI-AR)
Bank Accounting (FI-BL)
Asset Accounting (FI-AA)
Funds Management (FI-FM)
Travel Management (FI-TV)
Special Purpose Ledger (FI-SL)

The flexibility of the Finance modules organizational structure gives the module the ability to handle
any economic situation. Whether a smaller organization with a single legal entity or a large
organization with numerous companies, consolidations and varying legal requirements, the FI
module can support and automate most financial postings and reporting. Below is a listing of the
main organizational elements in the Finance module:

Company Code – Represents a legal reporting entity. There can be numerous company codes
within an organization. Each has its own balanced books and reports itself as a single economic
entity.
Credit Control Area – If credit management is being used, this sets the general parameters for
how credit is managed. The credit control area can control credit for a single company code
representing a decentralized credit management approach or multiple company codes
representing a more centralized credit management approach.
Chart of Accounts – The system supports single or multiple charts of accounts providing the
ability to record transactions and report financially in many different regulatory environments. A
chart of accounts can support multiple Company Codes if necessary.
Business process associated with the SAP FI module:

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The Finance Module is designed to record financial transactions in a manner consistent with external
reporting. External reporting must be in compliance with a country’s accounting principles and is
required for public entities, regulatory agencies and information required by banks and other
lenders. The module also handles legal consolidations, receivables, payables, fixed assets as well as
banking functions if required.

This is brief review of the components and processes associated with the SAP FI module.

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SAP Controlling (SAP CO)

Posted on December 13, 2012May 14, 2013 by Jayanth Maydipalle

The purpose of the Controlling (CO) module in SAP is to provide organizations with a method of
slicing and dicing data to view costs from an internal management perspective and provide a view of
profitability beyond that of basic financial reporting. This allows the organization to create
information in a manner that is tailored to their specific business measurements needs. Controlling
allows an organization to:

Plan and track overhead costs within the company’s specific organizational structure.
Track costs related to specific projects or events and either capitalize those costs or charge them to
appropriate departments upon completion.
Perform “Activity Based Costing”.
Perform Product Costing, measuring production cost and variances.
Report profitability by product line, division, or other internal measurement.
 Report profitability by product line, division, or other internal measurement.
Report sales and gross profitability by external measures such as market segments or customer
groups.

Controlling consists of all master data, configuration, and reporting required to analyze both spend
and revenues, both within and across organizations. This includes the following master data:

Cost Elements – cost and/or revenue accounts

Cost Centers – departmental units
Profit Centers – business lines, product lines or divisions
Internal Orders – projects or events
Functional Area – Cost of Sales Accounting
Statistical Key Figures – non financial statistics for allocating or measuring financial costs
Activity Types – Labor or other activity costs

Business process associated with the SAP CO module:

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Subcomponents of the SAP Controlling (SAP CO) Module:

CO-OM – Overhead Management

– CO-OM-CCA – Cost Center Accounting

– CO-OM-OPA – Internal Order Accounting

– CO-OM-CEL – Cost Element Accounting

– CO-OM-ABC – Activity Based Costing

CO-PCA – Profit Center Accounting
CO-PA – Profitability Analysis
 CO PA Profitability Analysis
CO-PC – Product Costing

This is brief review of the components and processes associated with the SAP CO module.

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