Asset Accounting is used for Accounting of Fixed Assets in 
an organisation.

Significance of asset accounting lies broadly in the 
following areas

1. It follows Subsidary Ledger Concept

2. It allows categorisation of Assets as 

a. Self Built

b. Purchased

3. Depriciation posting is automated.

4. Has incorporated features that help in better reporting 
of Fixed Assets.

Procedure:

1.The most important procedure  in Asset Accounting is 
mapping the Subsidary Asset Account Number to the 
Corresponding General Ledger Account and thereby enabling 
automatic updation at any point of time.

2.Planned Depriciation Runs must be run to make Depn 
postings.

Asset Accounting is different Methods
1)baseline
2)decline
3)Multi-level
  a)Straight line method  b)written down method
4)period controlling

creating chart of dep (EC08)
assign chart of dep to co code (OAOB)
specify a/c determination 
create screen layout rule 
define no. range intervals (AS08)
define asset classes (OAOA)
determined dep areas in asset class (OAYZ)
create GL a/cs
assign GL a/c (AO90)
specify doc type for posting of dep (OAB3)
Specify intervals and Posting rules (OAEA)
specify rounding of net book value and dep (OAYO)
screen layout for asset master data (OA77)
screen layout for asset dep area (AO21)

Baseline and Decline methods are default

define multilevel method (AFAMS)
define period control method (AFAMP)
maintain depreciation key (AFAMA)
create main asset (AS01)
create sub assets (AS11)
Run depreciation (AFAB)
posting of main assets purchase (F-90)
Posting of main assets sale (F-92)
re-calculation dep (AFAR)
Scraping of asset (ABAV1N)
see sub assets (AW01N)

an above any mistake please send correct information.

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