You can handle parallel valuation of your assets using both the ledger approach and the accounts approach. The values in new General Ledger are managed in at least one ledger. You can record parallel valuation using the accounts approach or the ledger approach:. With the accounts approach, you manage parallel valuation using valuation-specific accounts.
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New Asset Accounting is not really new. It is mandatory. One good thing about it is that it provides an opportunity to be proactive. Though in our recent S4HANA Finance project we did not come across any serious issues, few consultants I talked to face some challenges that could turn into prove a bottleneck and slow down the progress. It is not only because of the complexity but also large impact of asset accounting on business. I am hereby trying to connect few dots that would bring clarity.
Check if the New Depreciation Engine is Active once business extensions activated. Let us now start with the functional benefits of New Asset Accounting when you migrate to S4HANA Finance and then discuss on changes in the architecture, configuration options, new posting logic, new t-codes and positive impact on the closing process.
I will also discuss on some specific errors we came across in our recent S4HANA Fin migration project and the resolution. In the second part, valuation part ledger group specific document is posted to each of the accounting principle.
The process is changed after migrating to New Asset Accounting. The transaction AS91 still exists but to load the historical values, accumulated depreciation and depreciation costs for the year are loaded through ABLDT. The current year acquisition managed through AB01L. It was corrected thru an SAP Note Hope, the blog was helpful to you. Please feel free to reach out to me for any specific questions or suggestions that would help me improve.
Thank you for the deatiled blog — very informative for those who are in the process of HANA migration. Thanks for this. Very informative.
BTW, can you specifically list some of the Asset Closing related activity changes eg. I know there are some slight variations? Just want to ascertain the same especially from closing perspective? Appreciate your insights? I tested in Quality and followed same in PRD.
For another company code it just allowed without any execution of AJRW. Was lil Confused, is it required and its one time activity or its not required at all. Please confirm. How can I properly clear the system from both master data and all transactions related to assets.
For new assets for current period there is no problem at all, but there is no values neither yield depreciation for older assets from fiscal years N-1, N-2, etc. Thank in advance for your help. Former Member. Posted on February 5, 5 minute read. Follow RSS feed Like. Impact on Functionality All for Good! Reconciliation between FI and AA is not required Depreciation values posted in Real time — efficient and faster depreciation run.
Depreciation posted for the individual asset Depreciation posting run, detailed log option provides information on individual assets level along with cost centers. Clean and transparent assignment of depreciation areas to the Accounting Principle. APC Acquisition and Production Costs posting run are not required — Closing Balance carryforward is not required by design and FAGLGVTR takes care of balance carry forward for all sub ledger accounts including Asset Accounting — Closing Planned values are updated online with master data and transaction to assets — Closing No need of the delta areas as separate single valuation area per valuation Since the Asset Accounting is a part of universal journal there are many opportunities combining GL and Asset Accounting example drill down by cost center or asset from one place.
You still can run reports for earlier periods before migration. Assign Accounting Principles and Ledger Groups to the depreciation are. The current year acquisition managed through AB01L Limitations Reversal for the documents posted prior to migration prior to activation of new posting logic is not possible.
Alert Moderator. Assigned tags. Related Blog Posts. Related Questions. You must be Logged on to comment or reply to a post. Varkey George. February 6, at am. Looking forward for subsequent blogs on the subject. Like 3. March 23, at pm. Hi Dinesh, Thanks for this. Like 0.
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Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide
The following document contains information about use of this functionality for a new implementation customer. Prior to New Asset Accounting, to manage parallel valuations one had to use delta depreciation areas, as only one depreciation area 01 could post to the General Ledger in real time. With the new solution it is now possible to post actual values to different depreciation areas in real time. In the following paragraphs I shall attempt to explain the configuration steps involved with an example of our implementation project. This will help you ascertain the Chart of Depreciation settings required in Asset Accounting.
New Asset Accounting EHP7 – Functionality and configuration