Category Archives: Asset Accounting

SAP S/4 HANA 1709 – Part IV – Custom Business Transaction Types
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SAP S/4 HANA 1709 – Part IV – Custom Business Transaction Types

SAP S/4 HANA 1709 – Part IV – Custom Business Transaction Types Further to our previous post, we would like to let you know about a new feature introduced in 1709. In the new release of SAP S/4HANA 1709 a new feature is introduced by SAP which is intended to help improve financial reporting. The […]

Asset Shutdown to stop depreciation
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Asset Shutdown to stop depreciation

Asset Shutdown to stop depreciation Asset Accounting has always been under prime focus of accounting fraternity. This may be due to the fact that it produces something called “Depreciation”. This is an expense that is booked to recognise wear and tear of the asset to be spread across years. The depreciation at times can be […]

Chart of Depreciation
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Chart of Depreciation

Definition The chart of depreciation contains the list of defined depreciation areas. It also contains rules for the evaluation of assets that are valid in a given country or economic area. Each company code is allocated to one chart of depreciation. Several company codes can work with the same chart of depreciation. The chart of […]

Depreciation Areas
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Depreciation Areas

Definition Depreciation Areas are are used to calculate different values in parallel for the same asset. This may be required for legal requirement, management report, cost reporting etc.The Depreciation Areas help us to manage assets with different depreciation terms i.e. depreciation key, useful life, expired useful life. This helps us to meet many statutory requirements […]

Asset Class
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Asset Class

Asset Class is an important part of asset accounting in SAP Financials. An asset class acts as backbone of the asset accounting. They help us in structuring the asset accounting as per the client’s requirement. The Asset classes play a vital role in General Ledger Account determination and screen layout. Asset classes are very important […]

Screen Layout
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Screen Layout

It is the structure of various fields available while creation/change of Asset Master Data. The screen layout becomes important in order to ensure completeness of data while while creation of asset. Before we move ahead towards understanding the field status in screen layout, we first need to understand about the logical field groups. The logical […]