Podcast
Questions and Answers
In which section of Customizing can you define the accounting principles per obligation type?
In which section of Customizing can you define the accounting principles per obligation type?
Which of the following activities is not available in the Manage Asset Retirement Obligations app?
Which of the following activities is not available in the Manage Asset Retirement Obligations app?
What is the primary purpose of configuring accounting principles per obligation type?
What is the primary purpose of configuring accounting principles per obligation type?
Which of the following is a feature of the Manage Asset Retirement Obligations app?
Which of the following is a feature of the Manage Asset Retirement Obligations app?
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What is the relationship between asset retirement obligations and underlying objects?
What is the relationship between asset retirement obligations and underlying objects?
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Where can you find information on working with asset retirement obligations?
Where can you find information on working with asset retirement obligations?
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What is the purpose of the feature comparison table for SAP GUI and Manage Asset Retirement Obligations app?
What is the purpose of the feature comparison table for SAP GUI and Manage Asset Retirement Obligations app?
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In which section of the product assistance can you find information on valuation of asset retirement obligations?
In which section of the product assistance can you find information on valuation of asset retirement obligations?
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What is the primary purpose of creating cost estimation plans?
What is the primary purpose of creating cost estimation plans?
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In which SAP GUI transaction can you create an underlying object?
In which SAP GUI transaction can you create an underlying object?
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Study Notes
Accounting Principles for Asset Retirement Obligations
- Calculation details for asset retirement obligations (AROs) vary depending on the accounting principle, such as U.S. GAAP or German HGB
- In SAP GUI, use the relevant options in the toolbar for transaction details and choose Show Details for the relevant accounting principle
- Calculation steps track basic calculations, including compounding and discounting of a base amount for a given period (defined using the base date and target date)
Calculation Steps
- A calculation step represents a sequence of calculations for a settlement item
- Each calculation step has a description identifying the type of calculation involved
- Main data for a calculation step includes:
- Number of Calculation Step: sequence number of a calculation step for a settlement item
- Calculation Step Description: identifies the type of calculation step
- Base Date: start date of the calculation period
- Target Date: end date of the calculation period
- Base Amount: value at the start date
- Target Amount: value at the end date
ARO Valuation and Accounting Principles
- Calculations for ARO valuation involve multiple calculation steps, such as inflation calculations and discounting
- The purpose of calculations is to determine ARO provisions that must be set up at a certain point in time
- Accounting principles, such as IFRS, GAAP, or HGB, determine the calculations and adjustments of provisions
- ARO accounting principle-specific header data, such as interest and inflation rate keys or calculation methods, are stored as header data and do not change during the ARO lifetime
Feature Comparison for SAP GUI and Manage Asset Retirement Obligations App
- In SAP S/4HANA, you can manage asset retirement obligations using SAP GUI transactions and the Manage Asset Retirement Obligations app
- The app is used for creating, deleting, editing, and locking/unlocking AROs, as well as working with underlying objects
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Description
This quiz covers specific calculation details related to accounting principles, including SAP GUI and U.S. GAAP guidelines.
