what is asset accounting?
Answers were Sorted based on User's Feedback
Answer / hannah
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 ? | 19 Yes | 3 No |
Answer / aris
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 ? | 11 Yes | 2 No |
Answer / raman
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 |
What is a credit check? : fi- accounts receivable
I am pursuing SAP and I have only 3 months experience as an accountant. Please tell me what are the areas I need to prepare and is there any step by step procedure in learning both accounts and SAP, especially SAP.
What is ASCII ? Can any 1 explain in detail about this.it is a bit urgent. Interview Question
What is the significance of sender & receiver cost elements & cost centers?
WHAR ARE THE RELAVENT DATA BASE TABLES FOR THE FI? HOW CAN YOU PREPARE CONSALIDATED BALANCE SHEET R/3? WHAT ARE CONTROL THAT WE SETUP WHILE ENTERING A DOCUMENT ? WHAT IS VALUATION AND VALUATION CLASS WHAT IS DEFERANCE? how many typs of calculatiion procedures are there in sap system ? and explain those? how can you record the provision for the baddebts? how can you direct the output of checks printing of a various banks at time
What is partitioning characteristic in co-pa used for? : co-pa
Hi What is a STAGING CLIENT in our Land scape? a bit of confusion in this
WHAT IS IDOC WHERE WE USE
How many numbers of line items in one single entry you can have?
Hi I have few Quries can any 1 solve these plz 1)What is the total organization structure of your Client? 2)What is difference between task and change request? It is possible to release a request with out releasing task? 3)How you maintain Taxes and TDS in SAP? 4)What is ment by ZERO INVOICES 5)In asset accounting, how you prepare capital budgeting? Can any 1 plz answer these,They r a bit Urgent
Please explain 5 general gaps in sap fico?
what is cost product planning?