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Question
what is asset accounting?
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Hi,
Asset is which deals with standard Fixed Assets and gives
report on fixed assets generated by system.From
capitalization date, we must start calculating depreciation.

It is a subsidiary ledger. We use the term, Chart of
Depreciation. Depreciation areas are of 3 types 1. Book
depreciation ( according to Company Law) , 2 tax
Depreciation & 3. Cost based Depreciation. Depreciation
rates vary from shift to Shift 24 Hours 3 shifts or 8
hours one shift.

Depreciation Methods are of 2 types .
1. Straight Line method
2. Decline Balance method

Rules for Asset Accounting

1. Sub Asset master is to be created with reference to main
Asset Master
2. Main Asset is to be created with reference to Asset class
3. In Asset class, we assign Account Determination
4. For Account Determination, we assign the account, based
upon the transactions like purchase, sale, scrap, loss,
profit, depreciation ans accumulated depreciation.
 
Is This Answer Correct ?    15 Yes 2 No
Hannah
 
Answer
# 2
The Asset Accounting (FI-AA) component is used for managing
and supervising fixed assets with the SAP R/3 System. In
SAP R/3 Financial Accounting, it serves as a subsidiary
ledger to the FI General Ledger, providing detailed
information on transactions involving fixed assets.
 
Is This Answer Correct ?    9 Yes 2 No
Aris
 
 
 
Answer
# 3
What is asset accounting with reference to SAP alone needs
to be explained. What is given is, besides general
explanation, some components of assets accounting wrt SAP
is given.For example, FI Company code is independent and
needs to be correlated to FI-AA module. It is unque.Unless
the Chart of depreciation is assigned to our Company
code,it is not automatically posted to our company.Assets
accounting has , thus same general features but in
different module as FI-AA.Unique.
 
Is This Answer Correct ?    0 Yes 0 No
Raman
 

 
 
 
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tell me about MTS process?   1
If I forget which business area I have coded for the company then how to check it out? I mean while looking at all business area how can we come to know that which business area is for which company. please help me   3
What is new GL? What are the steps for configuring New GL? How is it different from its older counterpart? What are the advantages of having new GL?   4
Folks, Can somebody enlighten on doing inter company eliminations without using consolidation module(EC-CS).Can we capture the G/L line items directly (FBL3n)and do some ABAP to get the desired results PiTech 2
Tax codes are defined at..? HP 10
is there any possiblity to reverse the document once BRS is completed.IF it is possible please let me know as early as possible   1
I am getting the following error message while posting the incoming payments. "The entry 5555 is missing in table T043G SAP FI"   4
What is reconciliation account; can you directly enter documents in that a/c?   10
how many profit centers can be assigned in a cost center? Accenture 9
IS it possible APP profit center wise ?? How?? SAP-Labs 1
 
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