Interested to Buy Any Domain ? << Click Here >> for more details...
Anybody please define Asset Accounting? significance and
procedures.
- 3 Answers
- 10576 Views
- Abacus, I also Faced
- E-Mail Answers
Answer Posted / enthusiasm
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.
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
What is an account currency?
How do you define a co-product in sap?
What is the difference between the R/3 4.6version to R/3 4.7 version?
How many retained earnings a/c can be defined?
Is periodic reposting different from reposting? : co- cost center accounting
Explain fi-mm integration? : fi- accounts payable
What do you understand by a line item? : cost center accounting
The function code at presently active is determined by what variable?
Is it possible to configure the system to pick up a different exchange rate type for a particular transaction?
What are the components in financial statement version? : cost center accounting
What is an exchange rate type?
Explain the fiscal year dependent of the particular year in the sap software?
What are the segments of gl master record? : fi- general ledger
What are the options in sap for fiscal years?
In sap how input and output taxes are taken care?
