SAP Financial Organizational Structure

SAP Financial Organizational Structure has the customer is the highest degree in the SAP System hierarchy. It additionally denotes the specific logical system you would possibly be working on. Specifications which you make on this degree apply to all company codes.Each firm code is an unbiased accounting unit. The legally required steadiness sheet and revenue and loss statement are created at this level.Each enterprise area is to be regarded as a financially separate unit for which an inside balance sheet and revenue and loss statement will be created.

Chart of Accounts

All basic ledger accounts are defined in the chart of accounts.FI-AA works with the chart of accounts assigned to the company code in FI. You may select this in holding with your requirements (for instance, international, trade-particular, or country-specific charts of acounts).As the chart of depreciation is country-particular, SAP provides mannequin charts of depreciation for rather a lot of countries. These comprise pre-outlined depreciation areas, however you too can outline your individual chart of depreciation (by copying and changing).Every depreciation space represents a selected type of valuation (for instance, e-book depreciation or tax depreciation). You too can define your own depreciation areas within the chart of depreciation.Each company code uses one chart of accounts and one chart of depreciation.All or several company codes can work with the identical chart of accounts and the identical chart of depreciation.

Depreciation Areas

Asset portfolios and transactions are often valued in one other way for different functions, for example,completely different valuation approaches could additionally be used for
  1. Monetary statements in accordance with local necessities
  2. Stability sheet for tax functions (in as far as one other valuation is permitted)
  3. Inner accounting (value accounting)
  4. Parallel financial reporting, for example, for creating a consolidated stability sheet (based on IAS, US GAAP, and so on).
Depreciation areas are created in the R/3 System to handle these different valuation approaches.There are separate transaction figures
  1. For each asset and depreciation area
  2. For individual value parts, such as, asset values, depreciation, and net book values.
You need to set up firm codes in Financial Accounting first.Assign the chart of depreciation to the corporate code.The required information for asset accounting is added to the company code. The corporate code is now out there for use.

Cost Accounting Assignment

master file, you'll be able to assign an asset to the next Controlling objects:
  1. Value heart
  2. (Inside) order (real or statistical)
  3. Exercise sort
  4. Maintenance contract.
These objects are assigned to a controlling area which might embrace yet another extra company codes.You can put up depreciation from each depreciation space in Cost Accounting. The (cost-accounting) depreciation may be handed on to
  1. A value center
  2. A (real) order
  3. A cost middle and a statistical order.
When you have entered a (actual) order and a price center within the asset master report, the system will submit depreciation only to the internal order.It is unimaginable to assign an asset to 2 cost centers. Instead, you'll have the ability to assign the asset to a (actual) order that will then be settled to the respective value centers. In this approach, you possibly can summarize the prices of your challenge (the asset being part of it).

Client Asset

Fastened property are categorized into asset courses, for example, autos, furnishings, machines.The asset class consists of a grasp information section and a depreciation area section.Asset courses are created at client level. They're then assigned to a minimal of one chart of depreciation,so you can full the asset class with default values on your depreciation areas.You can suppress particular person depreciation areas in every asset class, for example funding support areas that are solely applicable to certain classes.For every depreciation area, the depreciation attributes for the property can either be proposed with the choice of fixing, or they can be mandatory.Several charts of depreciation can be assigned to an asset class. This ensures that the asset class catalog is uniform regardless of using different charts of depreciation.

The asset class is the principle criterion for classifying assets. Every asset have to be assigned to only one asset class. You can specify sure control parameters and default values for depreciation calculation and other grasp information in each asset class.Property which may be to appear in other places/steadiness sheet objects (for instance, buildings and machines) should be assigned to completely different asset classes. There is additionally no much less than one particular asset class every for belongings below building and low worth assets. In IDES these asset courses are:
  1. 4000 for belongings beneath building
  2. 5000 for low value assets.
You can too create separate asset classes for intangible property and leased assets. There are separate functions obtainable for leasing.The PM module (Plant Maintenance) takes care of the technical management of assets. The TR system (Treasury) is intended to handle financial assets.

Chart of Depreciation

You'll worth your fixed assets for various business and authorized functions (for instance, e-book
depreciation, tax depreciation, price-accounting depreciation, and so on).With FI-AA you possibly can handle totally different values of fixed assets within the depreciation areas.The chart of depreciation is a catalog of country-particular depreciation areas structured in accordance with various enterprise aspects. You'll have the opportunity to specify the attributes of every particular person depreciation area.SAP provides charts of depreciation as references which are primarily based on the necessities of every country.The charts of depreciation are equipped for your reference only.You may create a new chart of depreciation by copying one of the reference charts of depreciation. In your chart of depreciation you presumably can delete the depreciation areas you don't need. This must be completed before any assets are created.You assign your chart of depreciation to your company code.It is usually potential to open depreciation areas after the production begin of the system.

The depreciation areas are identified within the system by a two-character numeric key. They include depreciation phrases which you can enter within the asset master document or in the asset classes.Depreciation space 01 is the major depreciation area. Values and depreciations are posted to the common ledger.Other depreciation areas may present:
  1. Nation-particular valuation, for example, web-value tax, state calculation (USA)
  2. Values or depreciation that differ from depreciation space 01 (for cost-accounting reasons, for instance)
  3. Consolidated variations in local or group currency
  4. Book depreciation in group currency
  5. Difference between book depreciation and nation-particular tax depreciation (derived depreciation space).
Completely different depreciation areas can have the identical values and depreciation phrases, but displayed in totally different currencies (for instance, areas 01 and 32 or areas 30 and 31).You have to specify which depreciation sorts and special valuations (such as curiosity) are allowed in your depreciation areas. The standard depreciation areas have already got the necessary settings.

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