What is new asset accounting in sap. After all, it’s a fixed asset record.


What is new asset accounting in sap To new asset no. This can be used as an alternative to the previous Content. 04. This SAP Asset 2. And some In SAP Accounting powered by SAP HANA only new Asset Accounting is available with new General Ledger Accounting. There is another module, which is called EAM (Enterprise Asset Management) and it's a part of SAP-NetWeaver, but I guess you do not refer to this. 2: If data migration is checked/completed and you want to use the same number range for new created assets (but internally), remove the flag and set the current number as the last external number. It's a subsidiary ledger to the general ledger, providing detailed information on fixed asset transactions. When an asset is purchased or produced in-house, you can directly post the invoice receipt or goods receipt, or the withdrawal from the warehouse, to assets in the Asset Accounting component. View products (1) Hi, When I creating multiple fixed assets in transaction AS01 I would like to add another field/columns. Classic Asset accounting (SAP ECC) is no longer available. Is that possible to run report month wise for the below transactions. Module(s): Controlling, Financial Accounting, Investment Management, Materials Management, Project Systems (PS), Sales SAP has introduced new Fiori Apps for few complex config and functions in Finance. T-code SPRO > SAP Reference IMG > Financial Accounting > Asset Accounting > Organizational structure > Asset classes > Define Asset classes. Asset Accounting (FI-AA) is used to manage and supervise fixed assets in the SAP System. asset. #saps4hana #sapficotutorial #sapsimplefinanceWith this video you will know what is the difference between SAP New Asset Accounting in S4 HANA and ECC version The following training tutorial guides you on creating new asset classes in SAP FI-AA step by step. It is a subsidiary of Before diving into the ins and outs of new asset accounting, you’ll learn how it differs from the classic asset accounting in SAP ERP and how it supports multiple valuation principles and real-time integration with the In S/4HANA, SAP has introduced New transactions and accounts that allow you to post independently to individual depreciation areas, accounting principles, or ledger groups if required. I have done necessary configuration for Asset Accounting. The main features of the new solution are: Delta Extraction of Asset Master Data and Transaction Data. This can be achieved by using the special depreciation key GWG and the expected useful life of 1 month (period). Now system does not prompt for entering segment , real issue is system should have derived segment from cost center assigned to the asset master data because it has profit center assigned to it which has segments. If we transfer the prior year acquisation asset from one asset class to another asset class or with in the same asset class with in company code these transaction used. Mark Question as New; Mark Question as Read; Bookmark; Subscribe; Machine Learning, SAP S/4HANA, FIN Asset Accounting, SRM Account Assignment. Transaction Code - ABUMN. Regards, Eli Key Features of New Asset Accounting in SAP S/4HANA: 1️⃣ Unified Ledger Approach Manage multiple valuations in a single ledger—streamlined, efficient, and eliminating redundancy. For the New Assets, no changes are required but for Existing Assets, the changes in the Asset Master is required to be done in the Useful Life of Asset as well as in the Depreciation Key of the You manage the depreciation terms and values necessary for this valuation in the depreciation areas of each asset. The asset class is a selection criteria in all standard reports in Asset Accounting. IMG->Asset Accounting->Specify Depreciation Areas for Group Assets. So how we can handle new GL in S/4 HANA Finance without proper migration from classical GL to New GL while migrating from ECC using classical GL to S/4 HANA Finance. At the same time, you can pass on depreciation and interest directly to the Financial Accounting (FI) and Controlling (CO) components. Edited by: Venkatesh Voruganti on Jul 28, 2009 4:15 PM Solved: Dear Experts I tried to enable new asset accounting. Since you have not specified if you are looking to configure classical or new asset accounting, I am assuming that you are looking for classical asset accounting. For Ex : - Asset name (xerox machine) , Purchase value (Rs 1 lakh) , current wdv value 80000 as on 31. Important tasks of FI include the recording of monetary and value flows as well as the evaluation of the inventories. In the Asset explorer check the Group asset and find the Depreication value. These Group Assets will suffice the Tax depreciation requirement. Best Regards, Blaz Hi Betsy, The system can post the revaluation using collective posting. This is of great concern. However, lately it has gained attention because it is a mandatory step The balance sheet value of intangible assets is even less related to their economic value than that of tangible assets. It helps in providing detailed information on the transaction. SAP New Asset Accounting brings with it the new Depreciation Calculation Engine. code AO90 under tab Account determination > Balance Sheet accounts - Retiremnet account assignment. The case for excluding amortisation from profit numbers is even stronger than that for excluding depreciation. You need to assign a GL account in the field "Clearing acct. 4. How to Configure ASSET ACCOUNTING in SAP FICO step by step procedure such as COPY CHART OF DEPRECIATION, ASSIGN COMPANY CODE TO CHART OF DEPRECIATION, ASSIGN FINANCIAL STATEMENT VERSION TO EVERY DEPRECIATION AREA, IDENTIFY YOUR ASSET CLASSES, IDENTIFY YOUR ACCOUNT DETERMINATION 1) AUC asset having the 4 depreciation areas like: 01, 15, 30 & 32. The idea is to create a new asset with link to the original asset, so that the original asset can always be traced back. . So Depreciation area if we will see, it can be Book Hi, I'm currently setting up the new asset accounting config. FIN General Ledger. Short text: – Enter the short text of an asset class. w/Autom. sht. For anyone interested in new assets accounting. Actuals line items are stored in the universal journal (ACDOCA) by You will learn in this video New Asset Accounting Configuration in SAP S4 HANABuy self learning video courses: www. Thanks and regards, Padmaja N. 1 Lesson: Configuring New Asset Accounting in SAP ERP Central Component . In the SAP system, it is the Asset Accounting (FI-AA) component that is responsible for managing fixed asset processes such as acquisitions, transfers, retirements, depreciation, revaluations, and reporting. Posting not possible, new asset accounting is inconsistent. S4HANA Finance: New Asset Accounting – Simplified. In S/4 HANA Finance new asset accounting is must to use and for new asset accounting it is must to use New G/L. Learn in public cloud, private cloud, or on-premise settings. I have different asset classes that have different accumulated accounts assigned to them. We have accounts approach and not ledger approach (how about you?) and we have to use 2 ledger groups (but both have the Solved: Hi We are using Asset Accounting (NEW) and we are going to change the fiscal year for the first time from 2015 to 2016 I follow the steps 1- FAGLGVTR - Balance SAP Community Products and Technology Define offsetting account for legacy data transfer via IMG: Asset Accounting (New) -> Asset Data Transfer -> Parameters for Data Transfer -> Define Offsetting Account for Legacy Data Transfer # Important SAP notes related to Asset Legacy Data Migration: 2331123 - Prerequisite customizing required for legacy asset takeover in Simple Finance With Release 3. Integration of Asset Accounting Asset Accounting (FI-AA) transfers data directly to and from other SAP components. Double click 'Assignment of Calculation methods' 1. This means it records both the acquisition value and accumulated depreciation, not just the net book value of assets. However, the correct TA for specifying the offsetting account for legacy data transfer is Asset Accounting (new) => Asset Data Transfer => Parameters for Data Transfer => Define ERP Blogs by SAP; New asset accounting FIAA; Enterprise Resource Planning Blogs by SAP Get insights and updates about cloud ERP and RISE with SAP, SAP S/4HANA and SAP S/4HANA Cloud, and more enterprise management capabilities with SAP blog posts. Check Period control accounting to fiscal year. For example, it is possible to post from the Materials Management (MM) component directly to Asset Master SAP S/4HANA Asset Accounting processes. Offsetting Thanks for your help. But there are 1 or 2 which I cannot Change due to th S/4HANA New Asset Accounting: New Depreciation Posting Program; Handling US Tax Depreciation in SAP (Part 1): The Basics; S/4HANA New Asset Accounting (Part 4): Functional Improvements; How to Reverse a Depreciation Run in SAP Fixed Assets; How to Reconcile Fixed Assets to the G/L (Part 3) Details on SAP's New Depreciation Engine (Part 1 Assets write off means retirement of assets . 2014 onwards. Asset Retirement by Scrapping. For example, while making mid-year changes to The Asset Accounting component provided with the Universal Parallel Accounting business function as of SAP S/4HANA 2022 fully supports parallel accounting. F-90 - With Vendor . FI focuses on General Ledger Accounting and the processing of receivables (FI-AR), payables (FI-AP), and Asset Accounting (FI-AA). 100% new. Note that this is no longer dependent on the FIN_AA_PARALLEL_VAL business function. It is possible in New asset accounting, I remember in ECC its possible. Cost-accounting depreciation area manages asset values for cost-accounting purposes. Initially I have activated prepare Asset Accounting new . ABZON - Acquis. View products (1) Hi, all. When you create a PO, Your account assugment should be asset I think it is A and and you need to enter asset number in PO, when you received goods then asset will be posted, you need to decide on valuated or non valuated GR for assets This document provides steps for configuring and using asset accounting in SAP ECC6. Neither Transaction codes OAAQ & OAAR can be used to close the fiscal year in Asset Accounting. In OSS Note 1776828 SAP recommends activation of New Asset Accounting for Asset Accounting in SAP – Role. For Example : if you have made one asset class Electrical Equipments(assuming your rate of dep on both is same) and you further want to identify. Regards, Venkat. As a result of the integration in the SAP system, Asset Accounting transfers data directly to and from other systems. If you want the depreciation for each acquisition to be calculated according to the asset value date of the acquisition, you have to assign these acquisitions to different fixed asset sub-numbers. It includes instructions for setting up asset classes, charts of depreciation, screen layouts, account determinations, purchasing Hello experts, I'm actually trying to customize depreciation areas in S/4 HANA using the new asset accounting, but I'm facing some difficulties. ABT1N - Intercompany Asset Transfer . 3 Unit 2: Asset Accounting in SAP S/4HANA 3 Lesson: Understanding the Architecture of Asset Accounting in SAP S/4HANA 3 Lesson: Using Asset Accounting 3 Lesson: Configuring New Asset Accounting in Prior to moving to new asset accounting we will migrate to New GL in ECC and eventually to S/4HANA. SAP Menu Path :-IMG >> Financial Accounting >> Asset Accounting >> Organisational Structure >> Asset Classes > Define Asset Using this we can report the asset using their historical prices and showing the current book value by deducting accumulated depreciation from the same. Hi SAP Guru, I have a requirement where in the fixed asset report we need to add some categories like direct addition, transfer to main asset from CWIP in Fixed Asset Report as currently we are doing it manually by checking each line items. The right name for SAP component is Fixed Asset Accounting. I checked the account assignment and everything looks correct. Muthu SAP Managed Tags: FIN Asset Accounting. SAP Documentation: Refer to SAP Help documentation for Asset Accounting and New Asset Accounting for detailed guidance on configuration and best practices. Hi. In PR - Account assignment, system shows Asset Technical clearing account instead of AUC APC GL ( maintained in AO90 ). Thanks In Advance In Asset accounting, all GL codes assigned to Asset classes only. (bal. Ledger solution is strongly recommended for new SAP S/4HANA systems (Greenfield Approach Hi Experts, We need report for asset accounting month wise. 2. IMG-Financial Accounting (New)-Financial Accounting Global Hi Ramesh, Please check the below Configuration inn your system, looks like you need to maintain the Dep area here. New interface, new tables, new configuration, and some new fields (and removal of several old ones). FIN Asset Accounting. ABUMN - Transfer within Company Code . Following are some of the common transaction types used: 100 Asset acquisition - Purchase After participating in this live session, you will be familiar with New Asset Accounting in SAP S/4HANA, . But you talk about the activation of new asset accounting, so I think your problem is some steps earlier. According to SAP standard reversal reason 01, it will not allow you to use an alternative posting date for the reversal document. Retirement without revenue. FIN (Finance) Software Product Function. Get insights and updates about cloud ERP and RISE with SAP, SAP S/4HANA and SAP S/4HANA Cloud, and more enterprise management capabilities with SAP blog posts. Depreciation area means . There are two scenarios: a) The asset acquisition comes before the receipt of the invoice. Intangible assets created within a company (as opposed to bought in) are not even shown in the accounts at all. SAP S/4HANA. With transaction type 800 you can enter the amount of APC revaluation and the appropriate accumulated proportional depreciation (backlog). This E-Bite is chock-full of descriptions and screenshots of key functionality, from capitalization, retirements, and transfers to postings, period-end processing, and reporting. View products (2) With SAP Enhancement Package 7, a new functionality is available in Asset Accounting to manage Parallel Valuations. 2️⃣ In Financial accounting apart from the loacal currency we can define two additional currencies for the company code. SAP Community : Engage with the SAP Community forums to seek advice from SAP S/4HANA: The New General Ledger is the standard in S/4HANA. For tables ANLC, ANEK and ANLP,physical table is maintained and records get updated in the view table. Here are some of the key features of Asset Accounting in SAP: Acquisition Hi, In general, LVAs are fully depreciated in the year of purchase or in the period of acquisition. It is designed with more country-specific requirements (Particularly Japan) and calculates by period intervals rather than the transaction. Depreciation area ic nothing but the different valuation approach followed in various country as per the law of that country. The main purpose of using parallel currencies is to maintain the G/L accounts in different currencies. After all, it’s a fixed asset record. As of SAP S/4HANA Cloud 2105, the transaction data of all derived depreciation areas Hi SAP Gurus, What is the use of Asset Technical Clearing Account, pls explain with one scenario. Information System. 2) Capitalization(full settlement) - if possible ABAON - Asset Sale Without Customer . It has been available since SAP ECC enhancement pack 6. What isn’t new is that a lot of the same concepts that we had before UPA still exist with UPA. Data redundancy has been reduced, and you have to use fewer FI-AA tables. Account determination Get the background on New Asset Accounting and S/4HANA, and run through some of the key changes that were introduced which distinguish it from Classic Asset Accounting. Log on Year-End Closing in Asset Accounting (NEW) Hi Vinod. For a test system (even production system) you can use the year What´s new in Asset Accounting Reconciliation on SAP S/4HANA release 2020, valid for both scenarios Classic and New Asset Accounting? FIN_AA_CORR_RECON: This transaction allows to perform reconciliation SAP Managed Tags: FIN Asset Accounting. SAP had also continued to work with the GL with different ledger solutions, a more • In Asset Accounting (FI-AA) integrated with Accounts Payable (FI-AP) • In Asset Accounting without integration with Accounts Payable (posting to a clearing account – with or without clearing). (Create New Transaction type(OA73) and OAYA. From capitalization and retirements, to period-end process, reporting and transfers to postings. In this document, we will cover how the depreciation run program works in S4 HANA. the factory electric and office electric equipments separately then you can use Evaluation Group just to tag the asset as office and factory Financial Accounting (New)- Asset Accounting / Depreciation /Valuation Methods/ Further Settings /Define Cutoff Value Key. As -is situation. Using the parallel valuation, I'm planning to create a depreciation area for each <b>Memo Value</b> - The memo value is the residual value which u want to reflect in the balance sheet. Then I created PR with this Asset. You can write of asset in following ways. In this blog Before diving into the ins and outs of new asset accounting, you’ll learn how it differs from the classic asset accounting in SAP ERP and how it supports multiple valuation principles and real-time integration with the general ledger. Asset Accounting in SAP (Systems, Applications, and Products) is a module that enables organizations to manage and track their fixed assets throughout their life cycle. Company code A is opened for AA FY2020 and AA FY2021 as our BI report needs to read data from July 2020 onwards which falls under FY2021. Preparation for consolidation. Along with this, Asset Accounting in SAP (FI-AA) is a component of the SAP system that helps manage and monitor fixed assets. The Asset Accounting area is different. gauravconsulting. 310 Acquirg transfer of prior-yr acquis. The following fields are provided for these instances in the asset master record: · multiple-shift factor (time-dependent) · variable portion of depreciation (dependent on depreciation area) The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the SAP System. i have some doubt about account assignment for this asset. You can assign an asset to a group asset by specific depreciation areas. The chart of depreciation is a summary of different Depreciation area. All other clients have the options "in preparation" and "Active, so new SAP S/4HANA Cloud Public Edition Finance-Asset Accounting Frequently Asked Questions in Enterprise Resource Planning Blogs by SAP 3 hours ago; Difference between Gl balances and asset history AR02 in Enterprise Resource Planning Q&A yesterday; SAP B1 Continuous Stock with Germany Localization in Enterprise Resource Planning Q&A yesterday Hi, Smoothing - Using the smoothing method, however, the system distributes the difference between the forecasted annual depreciation and depreciation already posted, to the remaining posting periods. Best regards, Amani. SAP Asset Accounting is also called as sub ledger accounting, it is one of the important sub-module of SAP Financial Accounting (SAP FICO) module. IMG->Asset Accounting->Specify Asset Classes for Group Assets. Until yesterday it was , i set the field statuses for Profit center and segments to optional in OBC4 for asset recon account. Ex: Required entry or Optional entry or Hidden. In SAP Solved: Posting not possible; new Asset Accounting is inconsistent Message no. We have S4HANA 1610 and noticed Smoothing option is disabled in asset depreciation posting. Usually you do not need to manage memo values, since Asset Accounting (FI-AA) always manages gross values. Goes to field name “value adjustment” my inquiry is : 1- how i transfer asset next time with right way without any value adjustment <b>IMG Menu Path</b> Financial Accounting - Asset Accounting - Depreciation - Valuation Methods - Depreciation Key - Maintain Depreciation Key <b>Sample Configuration:</b> 1. Sol: I have created new main asset with 4 depreciation areas like: 01, 15, 30 & 32 and maintained in settlement profile T. I've checked the migration of new asset accounting and it's " Active (Posting not possible in client)". Hi Nathan: Thanks for your reply. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets. When a full settlement take place,the AuC is credited in the new asset, or assets, are debited. Each asset should be assigned to the relevant Group Asset and assign the depreciation key of that Group Asset. Transaction Code ABAVN. New entries. The central task of Asset Accounting is to provide the correct acquisition costs for each fixed asset (for example, a purchased laptop for the controlling department) or the cost of goods manufactured (for example, in the case of a self-produced machine) and to document and post the value In SAP Accounting powered by SAP HANA only new Asset Accounting is available with new General Ledger Accounting. Any text for depreciation key. areas for transaction types. View products (1) Hi Experts, We are working in a one-year old implementation and a requirement has raised. 03. Asset Type: – Under asset Hi, Normally the first mentined Variant is the Standard and the Second is customized in your company code. If you do not have an SAP ID, you can create one for free from the login page. SAP Community; Products and Technology; Enterprise Resource Planning; ERP Q&A; SAP Managed Tags: FIN (Finance), FIN Asset Accounting. 4 Assign GL Accounts in Asset Accounting-Integration with General Ledger Accounting-Assign G/L Accounts to assign GL accounts in the asset class. The assets belonging to company B is dated 01/06/2008. In S4 HANA cloud the Fiori App “Post Post-capitalization” enables subsequent additions/corrections to Acquisition and Production Cost (APC) of fixed assets. ABAVN - Asset Retirement by Scrapping . In the current set up for fixed assets, there are 2 ledger ( Ledaing and non ledaing ledger), according to SAP, this scenario can be handle in. Asset Accounting in SAP S/4HANA represents a New Asset accounting is the only one solution in S4 HANA. So that all assets related to the asset class will have similler feild status. Actuals line items are stored in the universal journal (ACDOCA) by 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. I have changed the deprecation area ledger assignment for most depreciation plans. Is it possible to do the posting and please explain how can we do it or if their is any work around solution for this. You do not need this business function in SAP Accounting powered by SAP HANA, as the related functions are available anyway without them being linked to the business function. If a company wants to sell one of its assets, also revalued in preparation for sales negotiations. The Asset Accounting with Universal Parallel Accounting differs from the previous Asset Accounting (without business function) in several ways. Objects that change or can be added on a daily basis can therefore be added to the BW system in Its possible to create new asset transaction type in asset accounting, Please check the path, IMG- Financial accounting - Asset accounting - Transaction - Define Transaction type for post capitalization. the NBV for new asset no. For you to be able to use new Asset Accounting, you need to have activated and set up the General Ledger Accounting (FI-GL) (New) application component. This is followed as per the accounting standard like say IAS,AS,GAAP,IFRS etc. Visit SAP Learning to take the learning journey and elevate your skills. The offsetting entry is posted automatically. However, SAP uses this account as some kind of contra posting for the values: First I thought that I need to specify an offsetting account for legacy data transfer. Depreciation can be posted again for the periods prior to the periods last posted. Explore the new data structure that allows you to manage and monitor your fixed assets. MM (Materials Management) Software Product Function. I am questioning the SAP's statement below on the effect of existing data after we have activated new asset accounting: knowing In my organisation there is a requirement for creating new asset class and account assignment. Thanks. sap "I n SAP Accounting powered by SAP HANA only new Asset Accounting is available with new General Ledger Accounting. For example, it is possible to post from the Materials Management (MM) component directly to Hi, ABAON is used for Asset sale without customer (Posting Retirement with Revenue to Clearing Account). Asset accounting in SAP S/4HANA is the new way of accounting to manage and supervise fixed assets into the sap system. A write up sometimes occurs when the asset was not initially properly valued in the company's books based on GAAP. new asset accounting by creating a new non leading ledger with the following charecteristics: The fiscal year variant should be the one that is set in the leading ledger and the accounting principle Note: This transaction applies only to the Asset Accounting Year and not the Financial Accounting Year Step 2: How to Close the Asset Accounting Fiscal Year Again. There are two types of asset accounting possible, classical asset accounting or new asset accounting. frm cap. ASSET MASTER RECORD: Asset master record is the reliable and authoritative data maintained by an organization relating to the various fixed and intangible assets used by it. 20, a reworked Business Content is provided for Asset Accounting. Asset Class: – Enter the key that identifies the asset class in the SAP asset accounting. Do we know what is the rationale behind it and if there is a workaround to bring back smoothing? Our client already has SAP ECC and they are used of seeing their depreciation reports with smoothing method and F1151 Explaining Asset Accounting Processes in SAP S/4HANA. Asset Retirement with Revenue _ Hi Siva, It happens because : the 'Calculate according to asset value date' indicator can no longer be maintained in Customizing. New SAP Asset Accounting Features. However, during depreciation, it seems that only some asset classes are posting depreciation to the correct accumulated accounts. The data structures for asset master data and for SAP Managed Tags: FIN Asset Accounting. Asset Accounting 1. For an entirely new asset that was omitted to be booked in earlier fiscal years a new asset master data has to be created with the “Post Capitalization” checkbox enabled and the To automatically transfer asset postings using the SAP S/4HANA migration cockpit, a new migration object and template are available for asset postings. became lower and i notice the diff. 1) Project setup - if possible to run the report what is the T-code. Hi, Evaluation Groups can be freely defined in SAP customizing. Fixed assets include items such as buildings, machinery, vehicles, and other long-term assets that a company owns for its business operations. Know the answer? Help others by sharing your New Asset Accounting is available in SAP Accounting powered by SAP HANA. Example: Current Asset Accounting (AA) fiscal year is FY2020 (year end is June 2020). Let's have a look at the summary of the process: The asset under construction is generated by assigning an investment profile to the project or work breakdown structure (WBS) element and upon releasing the project or WBS element. Hi friends What are the GL Entries that occur in Asset Accounting? Sales of asset purchase of asset, scraping of asset, Deprecation posting, transfer of an asset. Now I have also received the cut over data as on 31. SPRO --> Financial Accounting (New) --> Asset Accounting --> Asset Accounting (Lean Implementation) --> Organizational Structure --> Depreciation Area --> Define how depreciation area post to general ledger. opposite of write down. 2) Main asset having the 3 depreciation areas like: 01, 15 & 30. And you will assign cut off value key to you depreciation key, and when you will assign this depreciation key to your asset master. This transaction amount showing reducing( - ) asset/class. 0 Kudos 1,309 SAP Managed Tags: FIN Asset Accounting, MM (Materials Management) FIN Asset Accounting. click 'New Entries' 2. COURSE OUTLINE. For this you use the standard posting transactions in the FI-AA component (Postings ® Revaluat. New Asset Accounting is not really new. The engine also includes more flexibility for time-dependent changes. Change View Asset classes Overview Window will come, In this window, you will see the list of all previously created asset classes in the SAP System Tax depreciation is required only for reporting purpose. You can also manually revaluate individual assets. At same company code using TC#ABUMN i have notice something when i transfer the amount from old asset no. comAbout Trainer:Vikram F I created asset master with AUC asset class. I have activated the relevant Business function and set the new asset accounting to in preparation. Could you pleae provide the any other way. For this purpose, there is a special field in the asset master record (in the detail display of each depreciation area). including the configuration and asset master data In the previous blog (S/4HANA New Asset Accounting (Part 1): Introduction) we uncovered some basics of what S/4HANA is relative to SAP’s ERP solution offering. The new asset accounting is activated as soon as the FIN_AA_PARALLEL_VAL is activated New Asset Accounting is the only solution going forward. FAA_POST008 in F-90. Depreciation areas are not matched with Main Asset. The Integration. It integrates with Asset Accounting, allowing real-time posting and reconciliation. Company A wants to post the acquisition value and accum depreciations of these assets as of 1-1-2010 and continue the depreciation from this date onwards as normal. The way depreciation areas are set up for the two is different. As one of the Accounting principles states that Assets should be reported at their book values, so this makes it important to use accumulated depreciation account for reporting purpose. . View products (1) In asset accounting some transactions are assigned to FI document types, the most common are: to copy the number ranges from the old to the new year (2008 to 2009). To another asset no. )). My query relates to the effect on existing data at the time we switch from classic accounting to new asset accounting. Now check the Transaction types used for the asset retirement and acquisition for the Second Variant from Asset Accounting> Transactions> Intercompany Asset Transfers> Automatic Intercompany Asset Transfers> Define Transfer Variants The whole purpose of Revaluation an Fixed Asset - is to bring into the books the fair market value of Fixed Asset. What are the deprecation areas that are taken into consideration for Indian implementation and how there are treated in asset accountin In the client in which I am going to configure Fixed Assets, they are using IFRS Principle in the extension ledger and they want the posting of asset accounting to be done in real time in the extension ledger. Asset Accounting - Periodic Activities (SAP_SFIN_BC_AA Hi Aryan, Value adjustment has value of depreciation posting for the sender/receiver asset. should be configured manually (if old system was in classic GL version). Regards. The result is a net book value below zero and a calculation of cost-accounting interest. Processing leased assets. 1: in AS08 flag the number range as external and ensure that the migrated asset numbers are within the defined range (although external set). FIN Controlling. Software Product Function. A New Depreciation key would be created which will calculate the depreciation on the remaining useful life of assets as maintained in the Asset Master. It helps in providing detailed information on transactions that involve fixed assets. What is the Transcation code for Purchase of new Asset. 2014 . my organisation fixing solar power enerating system so they need to create an asset for this and create a project and book it for wbs element. We call it New Asset Accounting. Closed AA FY is FY2019. Please find below content from SAP Product using the program: ZZAFANEW1 or ZZAFANEW2 , the new area is created with the values of the reference area (area 01), in our case this is incorrect! Currently the new area is active in all assets under construction, but, this new area acquisition values copied from the reference area (area 01). What is the Transaction code for Asset Transfer. Often no depreciation is calculated for assets that are shut down. Traditional asset accounting encompasses the entire lifetime of the asset from purchase order or the initial acquisition (possibly managed as an asset under construction Increased depreciation is often calculated for assets that are used in multiple shifts. In Asset accounting we assign GL accounts through TC AO90, where we have three options . Over these past 5 years, there have been significant changes made regarding the technical architecture of the solution that have reverberated throughout the configuration of the Some advantages of centralization of Asset Accounting are: Benefit from New Asset Accounting (improved parallel valuations, new depreciation calculation logic, accelerated depreciation runs, integrated in Universal Journal) Asset accountants can work in SAP S/4HANA with new UX / Fioris; Reduction of legacy systems for Asset Accounting In new asset accounting after posting the document, the display document in FB03 contains the special tab of Asset accounting display, once you click on this document it will give you the accounting principle wise posted accounting document, here the technical clearing account will acts as a offsetting account in both the accounting principles. Uplatz offers this extensive course on Asset Accounting in SAP. Due to the streamlined model, depreciation postings and runs finish a lot faster, improving financial close and the overall management accounting business process. "Introducing New Asset Accounting in SAP S/4HANA". You have to use ABZU transaction to write-up ~Rajesh To mark this page as a favorite, you need to log in with your SAP ID. You enter the Though SAP mentiones that the structure of all these 5 tables are same in New Asset Accounting in Simple Finance,I understand that it is not same for all of them. If you want to reduce it, then you have to reverse the transfer posting and maintain the value date at transfer posting, this field will calculate depreciation up to the date in the sender asset. Then I tried to check prerequisites for Activating We have to start Asset Accounting from 01. In Company code A, the asset accounting fiscal year has been open for more than 1 year. Old Program See what SAP S/4HANA can do for your asset accounting (FI-AA) processes! Learn about the new data structure that enables you to manage and monitor your fixed assets. revenue from asset sale" in t. Key features of Asset Master Data are: Master data does not change frequently Fixed number of key attributes can be used to Hi Experts, Have any of you configured Insurance for Asset Accounting? I have various requirements such as: Insurable value based on APC Insurable value based on NBV for the first 4 years of useful life Insurable value based on 20% of APC on the 5th year useful life If asset has exceeded EUL, la Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. For you to be able to use new Asset Accounting, you need to have activated and set up the General Ledger The introduction of the New Asset Accounting (new AA) submodule in SAP S/4HANA Finance not only provides a breath of fresh air to resolving these speed breakers but also represents a significant leap into enterprise resource What is new asset accounting? Asset accounting in SAP S/4HANA is the new method to manage and supervise fixed assets in the SAP system. Code: AIAB same main asset. New Asset Accounting is the only Asset Accounting solution available in S/4HANA, classic Asset Accounting is not available any more. It is a kind of subsidiary to the General Ledgers. Asset Accounting -> General Valuation -> Depreciation Areas -> Specify Transfer of APC Values When you migrate to SAP S/4HANA you will be automatically switched to new asset accounting. For you to be able to use new Asset Accounting, you need to have activated and set up the General Ledger Accounting (FI-GL) (New) application component" SAP Managed Tags: FIN Asset Accounting. The assignment of asset numbers can be controlled by the asset class. For almost all of our assets we are required for the fiscal Depreciation Areas to keep the original information on the asset so that the depreciation It's just semantics; these two are the same. Let's have quick look at these functions and Apps introduced as part of S4 Hana 2021 upgrade pack. However,when we check these tables,system takes data from view tables for these Explain the features of new Asset Accounting Lesson 2: Configuring New Asset Accounting Lesson Objectives After completing this lesson, you will be able to: Configure new Asset Accounting Lesson 3: Using New Asset Accounting Lesson Objectives After completing this lesson, you will be able to: Use asset transactions in new Asset Accounting Customers no longer could choose if they wanted the Classic (Old) or NewGL, or the Classic FI-AA vs New Asset Accounting. This may be helpful in order to decide whether to invest in another business. Assets classess works independent to GL codes, we have to assign GL codes where we want to post our Assets related transaction. SAP has given 2 option for this scenario 1. Course Version: 04 Course Duration: SAP Managed Tags: FIN Asset Accounting. We have Business requirement for Fixed Asset acquisition in Leading ledger only. Menu Path Accounting Financial Accounting Fixed Assets Posting Retirement Asset Retirement by Scrapping. The following document contains information about use of this functionality for a new implementation customer. SRM Account This following statement is from Help. See what SAP S/4HANA can do for your asset accounting processes. You can copy an existing class here as Jani & Tammy stated. Solution. 3. how to make it active. 1. This field Step 3: – On new entries asset class screen, update the following details. T code - OAXE - Deprec. For more information on the prerequisites for new Asset Accounting and how you The Asset Accounting component consists of the following parts: Traditional asset accounting. After installation of S/4 Hana module new GL customization involving document splitting, accounting principles, ledgers etc. 1 Lesson: Activating New Asset Accounting in SAP ERP Central Component . Asset 3 Define Asset Classes in Asset Accounting-Organizational Structures-Asset Classes-Define Asset Classes. Transaction Types in Asset Accounting identify the nature of asset transaction (acquisition or transfer or retirement) so as to specify what is that updated, among (a) Depreciation area (b) Value field and (c) Asset Accounts (in B/S). Key features of Asset Accounting in SAP include: 1. The Implementation Guide (IMG) for Asset Accounting (New) provides the necessary functions for this Customizing. Closing the Asset Accounting Fiscal year requires going through the usual steps (1-9 Now with UPA & Asset Accounting, SAP has rolled out an entirely new fixed asset master. View products (1) Hello Experts, When trying to activate new asset accounting in customizing, the options available are "in preparation" and Active (posting not possible in client). Kapil Company A and B have merged recently and company A wants to post the assets belonging to company B. Here you can specify different percentage such as Y10, Y12, Y15, Y20 percentage. Why is Asset technical clearing account determined ? I expected system to show APC GL maintained in AO90. Asset Accounting in SAP (FI-AA) is used for managing and supervising the fixed Hi All , I am going to describe / explain about the New Assets Accounting features, along with almost all the configuration steps with screen shots & changes that has come into SAP S/4 HAHA 1809 versions. View products (1) Hello Experts, I am currently blocked in a situation of taking the correct action. But New asset accounting its restrict Limit Transaction Types to Depreciation Areas. Finally, preview the migration process from SAP ERP and third-party systems to start your SAP S Hello Experts, With respect to implement the new asset accounting in S4 Hana Greenfield Implementation could you please throw the light on below queries :- 1] Before start New Asset accounting Greenfield Implementation in S4 Hana could you please let me know which Business Functions are need to be a Screen Layout which determines the field status in the master record and screen layout will be assigned in Asset class level. 2014 , useful life remaining 2 year , Depriciated value 20000 Make an upward adjustment in the accounting value of an asset. SAP Managed Tags: FIN Asset Accounting. So is there a way to do this or will this be done with the help of ABAPer. Mark Question as New; Mark Question as Read; Bookmark; Subscribe; Printer Friendly Page; Report Inappropriate Content; on ‎2021 May 26 3:38 AM. We’ve also already covered some specific changes in 7. fwyco fxu jkqdp ralt glxav jgrof endaehr difl tmqi mdyod