Podcast
Questions and Answers
What enables you to create complete balances for the business area characteristic, profit center, and segment?
What enables you to create complete balances for the business area characteristic, profit center, and segment?
At what level is the chart of depreciation defined?
At what level is the chart of depreciation defined?
Client level
What does a depreciation key of 01 indicate?
What does a depreciation key of 01 indicate?
Leading depreciation area reflects local accounting principles
What links an asset master record to the general ledger accounts?
What links an asset master record to the general ledger accounts?
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What does the screen layout configuration specify for an asset master record?
What does the screen layout configuration specify for an asset master record?
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What is the chart of depreciation used for?
What is the chart of depreciation used for?
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What acts as a unique identification of any asset document?
What acts as a unique identification of any asset document?
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What does the asset class assign to general ledger accounts?
What does the asset class assign to general ledger accounts?
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What is the purpose of the asset integration module?
What is the purpose of the asset integration module?
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What is holding balance in non-integrated posting?
What is holding balance in non-integrated posting?
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What are the three main steps to creating FI-AA?
What are the three main steps to creating FI-AA?
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What are the two sections an asset class consists of?
What are the two sections an asset class consists of?
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What must happen in the ledger approach regarding accounting principles?
What must happen in the ledger approach regarding accounting principles?
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What type of depreciation defines values for acquisitions and production costs?
What type of depreciation defines values for acquisitions and production costs?
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What program checks if the depreciation is posted comprehensively during year-end closing?
What program checks if the depreciation is posted comprehensively during year-end closing?
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Study Notes
Creating Complete Balances
- Document splitting allows for comprehensive balances across business area characteristics, profit centers, and segments.
Chart of Depreciation
- Defined at the client level; organizes depreciation areas based on business and legal demands.
Depreciation Keys
- Two-digit numeric codes; "01" indicates leading depreciation area reflecting local accounting principles.
Asset Class Configurations
- Account Determination: Links asset master records to general ledger accounts for transactions.
- Screen Layout: Configures the field status in asset master records.
- Number Range: Provides unique identification for asset documents.
Asset Integration
- Connects asset classes to the correct general ledger accounts, updating balances in both sub-ledger and balance sheet.
Asset Integration Module
- Involves connections within Financial Accounting and other modules like Controlling and Materials Management.
Non-Integrated Posting
- Allows holding balances to postpone posting until necessary.
Steps for Creating FI-AA
- Set up company code in Financial Accounting.
- Allocate a chart of depreciation to the company code.
- Expand the company code to include necessary data through customization.
Asset Classes
- Created at the client level, consisting of master data and depreciation data sections.
- Can link to multiple charts of depreciation for global asset cataloging.
Account Determination Keys
- Useful for posting asset value across different operational charts of accounts.
- Can apply same keys for similar asset classes to simplify financial statement transfers.
Screen Layout Control
- Defines maintenance levels for asset master data fields and selects fields for processing.
Asset Under Construction (AUC)
- Requires separate asset class and GL account for financial statement clarity.
- Standard depreciation key "0000" prevents depreciation calculation during construction.
- Allows posting of down payments and credit memos post capitalization.
Mass Creation of Assets
- Allows for the maintenance of unique values during asset mass creation, such as descriptions and inventory numbers.
Depreciation Areas in Asset Master
- Includes useful life, ordinary depreciation start, and scrap value specifications.
FI-AA-PM
- Assigns asset master records to equipment master records for better tracking.
Integrated Asset Acquisition
- Demands balance sheet accounts as reconciliation accounts, which should not allow line item management.
Asset Explorer Functions
- Facilitates transparent depreciation calculations, financial document access, multi-year value tracking, and reporting functionalities.
Asset Acquisition Requirements
- Asset posting date must align with the asset value date within the same fiscal year.
Asset Retirement
- Involves checkboxes for asset number, retirement transaction type, value date, and asset portion retirement.
Retirement Methods
- Offers various retirement posting methods, including integrated and non-integrated options, as well as mass asset retirement.
Noted Items in AUC
- Tracks down payments, special depreciation, acquisitions, and investment support measures.
Phases Relevant to FI-AA
- Both the construction and useful life phases are crucial for financial asset accounting.
AUC Settlement
- Allows selective item settlement without the need to distribute 100% of values at once.
Types of Depreciation Area Valuation
- Classifies how to record balance sheet values, manage depreciation for reporting, and manage value transfers.
Supported Depreciation Types
- Ordinary, special, and unplanned depreciation types are available for different circumstances.
Time Dependency in Depreciation
- Factors include depreciation keys, useful life values, and various scrap value percentages.
FAA_DEPRECIATION_POST Program
- Posts ordinary, tax, and unplanned depreciation along with interest and revaluation.
Common FAA_DEPRECIATION_POST Errors
- Include incorrect amount assignments, missing accounts, and issues with posting periods.
Year-End Closing for FI-AA
- Ensures comprehensive posting of depreciation and checks for asset errors prior to updating fiscal years.
Ledger Approach
- Utilizes posted values for each depreciation area, ensuring accurate comparison of asset values under different principles.
Accounting Principles Assignment
- Must be conducted within the ledger approach configuration to ensure accurate accounting.
SAP List Viewer Tools
- Enhance reporting capabilities through features like column management, total calculations, and filtering options.
Preconfigured Key Figure Groups
- Bundles key figure codes for acquisitions, retirements, and depreciation to streamline reporting.
Data Transfer Steps
- Automated transfer from legacy systems or manual entry via transaction code AS91 for smaller data volumes.
Data Transfer Methods
- BAPI interface for large datasets and transaction code AS100 for smaller batches, allowing maximum processing of 5000 assets at once.
Studying That Suits You
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Description
Test your knowledge of SAP Asset Accounting with these flashcards. Covering key terms like complete balances, chart of depreciation, and depreciation keys, this quiz helps reinforce your understanding of financial accounting concepts in SAP. Perfect for students preparing for exams or professionals seeking to refresh their knowledge.
