Asset accounting Part - 7

Maintain deprecation key:

path : SPRO –Financial accounting-Asset accounting-Depreciation –Valuation methods –Depreciation key-Calculation methods –Define base methods

Tr code is AFAMA

Select new entries button

Depreciation key      :YOUR COMPANY Dep. Key1

Description                :5% Straight line dep.method

Select period control according to fiscal year check box

Select dep. to the day check box

Save

Ignore the warning message press enter

Press enter to save in your request

Double click on assignment of calculation methods folder

Select new entries button

Depreciation type     :Select ordinary deprecation

Phase                                    :Select from the start of depreciation

Base method                        :0014

Declare balance method     :001

Period control method         :006

Multilevel method                :A1

Class                                      :Select straight line depreciation

Save

Select back arrow 4 times

Select depreciation key      :YOUR COMPANY key1

Select activate button

Save

Select new entries button

Depreciation key                  :YOUR COMPANY key2

Depreciation                                     :5% written Down Value Deprecation method

Period control according to Fiscal year check box

Select depreciation to the day check box

Save

Ignore the warning message press enter

Double click assignment of calculation methods folder

Select new entries button

Depreciation type     :Select ordinary depreciation

Phase                                    :Select from the start of depreciation

Base method                        :0014

Declare balance method:001

Period control method :006

Multilevel method    :A2

Class                          :Select declining –balance depreciation

Save

Select back arrow four times

Select depreciation key YOUR COMPANY2

Select activate button

Save

Select first page control page up button

Select depreciation key      :0000(no depreciation no interest )

Select activate button

Save

FI END USER AREA:

Create of main asset master:

Path :Accounting-Financial accounting-Fixed assets-Asset –Crete –Asset (The Transaction code is AS01)

Asset class                            :Select YOUR COMPANY Department A

Company code                     :YOUR COMPANY

Enter

Give the description            :Machine no.1

Capitalized on                      :18.04.2014

Select time dependent tab

Business area                      :YOUR COMPANYH

Select depreciation area tab

Depreciation key                  :Select YOUR COMPANY key1

Useful life                              :10 years

Period                                    :6 months

Ordinary depreciation start date :18.04.2014

Note: Commissioning date –Indian system, sum countries is next month first day         Eg. 01/05/2014)

save

Creation of sub asset master

Path :Up to fixed assets the path is same-Asset-Create-Sub number –Asset(The transaction code is AS11)

Asset                          :200001

Company code         :YOUR COMPANY

Enter

Description                :Motor

Capitalized on          :29.11.2014

Select time dependent tab

Select deprecation area tab

Change the depreciation key YOUR COMPANY key2

Useful life                  :12 years

Period                        :01

Ordinary depreciation:29.11.2014

Save

Main asset purchase posting:  

Path :Accounting-Financial accounting-Fixed asset –Posting-Acquisition-External acquisition  -With vendor (Transaction code is F-90)

Give the document date and posting date          :18.04.2014

Type                                                               :KR (Vendor invoice)

Company code                                             :YOUR COMPANY

Posting key                                                   :31 Vendor credit

Account                                                         :420xxxx

Enter

Ignore the warning message press enter

Amount                                                          :500000

Business area                                              :YOUR COMPANY BA

Text                                                                 :Machinery  purchase posting

Posing key                                                    :70 Debit asset

Account                                                         :Select 200001 -0 Machine no.

Transaction type                                          :Select 100 External asset acquisition

Enter

1^st Rule:

Sub asset master with reference to main asset master

200001-1 with reference to 200001

2^nd Rule

Main asset with reference to asset also 200001 with reference to YOUR COMPANY2000 Dept A

3^rd Rule

Account determination is specified in asset class

YOUR COMPANY200000 Plant & Machinery specified in YOUR COMPANY2000 Dept A

4^th Rule

For account determination we assign accounts based on the nature of transaction

For YOUR COMPANY2000-Incase of acquisition-2000010 Plant & Machinery

Amount enter                        :*

Text                             :+

From the menu select document Simulate and save

Sub asset purchase posting (F-90)

Give the document date                 :Today’s date

Type                                                   :KR

Company code                                 :YOUR COMPANY

Posting key                                       :31

Account no.                                      :4200001

Enter

Amount                                              :100000

Business area                                  :YOUR COMPANY

Text                                                     :Motor purchase posting

Posting key                                       :70

Account                                             :200001-1 that motor

Transaction type                              :100

Enter

(Applicable 1^st rule)

Amount                                              :*

Text                                                     :+

From the menu select document –Simulate and save