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Asset Accounting Configuration Steps in SAP | Asset Accounting FICO

Asset Accounting Configuration Steps in SAP :-

Asset Accounting Module in SAP is a  important module which manages the fixed assets data of an organization by the asset master records and asset accounting acts as sub ledger to the SAP FI module for managing asset records.

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Step 1 :- Copy Reference Chart of Depreciation / Depreciation areas

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organizational Structure –> Copy Reference Chart of Depreciation / Depreciation areas

Transaction Code :- EC08

Copy Reference Chart of Depreciation

Copy Reference Chart of Depreciation

 

Step 2 :- Assign Chart of Depreciation to Company Code

Transaction Code :- OAOB

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organizational Structure –> Assign Chart of Depreciation to Company Code

Assign Chart of Depreciation to Company Code

Assign Chart of Depreciation to Company Code

 

Step 3 :- Specify Account Determination for Asset Class

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organizational Structure –> Asset Classes–> Specify Account Determination

Specify Account Determination for Asset Class

Specify Account Determination for Asset Class

Step 4 :- Create Screen Layout Rules for Asset Class

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organizational Structure –> Asset Classes –> Create Screen Layout Rules

 

Create Screen Layout Rules for Asset Class

Create Screen Layout Rules for Asset Class

 

Step 4 :- Define Number Range Interval

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organizational Structure –> Asset Classes –>  Define Number Range Interval

Transaction Code :- AS08

 

Define Number Range Interval

Define Number Range Interval

Step 5 :- Define Asset Classes

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Asset Classes

Transaction Code :- OAOA

 

Asset Accounting Configuration Steps in SAP | Asset Accounting FICO

Define Asset Classes

 

Step 6 :- Determine areas in the Asset Classes

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Valuation –> Determine Depreciation areas in the Asset Classes

Transaction Code :- OAYZ

 

Determine Depreciation areas in the Asset Classes

Determine Depreciation areas in the Asset Classes

Step 7 :-  Assign of GL Accounts for Automatic Postings

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Integration with the General Ledger –> Assign GL Accounts

Transaction Code :- AO90

Assign of GL Accounts for Automatic Postings

Assign of GL Accounts for Automatic Postings

 

Step 8:- Specify document type for posting of Depreciation

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Integration with the General Ledger –>Post Depreciation to General Ledger Accounting –> Specify document type for posting of Depreciation

Transaction Code :- OBA7

Specify document type for posting of Depreciation

Specify document type for posting of Depreciation

 

Step 9 :- Specify Intervals and Posting Rules

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Integration with the General Ledger –>Post Depreciation to General Ledger Accounting –> Specify Intervals and Posting Rules

Transaction Code :- OAYR

Specify Intervals and Posting Rules

Specify Intervals and Posting Rules

 

Step 10 :- Specify for net book value and / or Depreciation

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Valuation –> Amount Specifications ( Company code/Depreciation Area ) –> Specify Rounding of net Book  Value

Specify Rounding of net Book  Value

Specify Rounding of net Book Value

 

Step 11 :- Define screen layout for Asset master data:-

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Master Data –> Screen Layout –> Define Screen layout for Asset Master Data

Define Screen layout for Asset Master Data

Define Screen layout for Asset Master Data

 

Step 12:- Define screen layout for Asset Depreciation Areas

Menu Path :- IMG –> Financial Accounting –> Asset Accounting –> Master Data –> Screen Layout –> Define screen layout for Asset Depreciation Areas

Transaction Code :- AO21

 

Step 13 :- Depreciation Keys Creation 

  •  Define base Methods
  • Define Declining Balance Methods
  • Define Multi Level Methods
  • Maintain Period Control Methods
  • Maintain Depreciation Key
Calculation methods

Calculation methods

A. Define base Methods

Menu Path :- IMG –>  Financial Accounting –> Asset Accounting –> Depreciation –> Valuation Methods –> Depreciation Key –> Calculation Methods –> Define Base Methods

 B. Define Declining Balance Methods :-

Menu Path :- IMG –>  Financial Accounting –> Asset Accounting –> Depreciation –> Valuation Methods –> Depreciation Key –> Calculation Methods –> Define Declining Balance Methods

 C. Define Multi Level Methods :-

Menu Path :- IMG –>  Financial Accounting –> Asset Accounting –> Depreciation –> Valuation Methods –> Depreciation Key –> Calculation Methods –> Define Multi Level Methods

 D.Maintain Period Control Methods:-

Menu Path :- IMG –>  Financial Accounting –> Asset Accounting –> Depreciation –> Valuation Methods –> Depreciation Key –> Calculation Methods –> Maintain Period Control Methods

E. Maintain Depreciation Key :-

Menu Path :- IMG –>  Financial Accounting –> Asset Accounting –> Depreciation –> Valuation Methods –> Depreciation Key –> Calculation Methods –> Maintain Depreciation Key

Transaction Code :- AFAMA