FI GL , FI AP , FI AR and Asset Accounting

Hi,
What are the steps for FI GL, FI AP , FI AR extraction.
Can anybody explain in simple terms rather than putting up help links as I could understand the business content for the same but didn't find the steps for extraction.
Is it same for Asset Accounting ?
Thanks,
JB

For non-LO extractors, steps are the same.
RSA5 in R/3, go to the application component ( such as FI, CO, etc) and look for your data source. Activate the data sources.
GO to BW, replicate rhe data sources and assign the info source ( if you are in 3.5 or under), and the system will install the content info soruce for you. Check the maping in transfer rules and activate.
INstall the ODS / Cube and assign the info source in the update rules, check the mapping and activate the update rules. Create a info package for the info surce and load data.
I suggest you go thru the documentaion in help.sap.com. This documention will help you understand the features of the objects.
Ravi Thothadri

Similar Messages

Business Process of GL,AR,AP and Asset Accounting

hi
i would like to know what is the business process of GL, AR, AP and Asset accounting for the following
1) Manufacturing Industries
2) Service Organisation
3) Others if any
please help
thanks in advance

http://help.sap.com/bp_bblibrary/600/BBlibrary_start.htm
Visit the above site and down load teh best practices for country wise/ industry wise.
You can also get the configuration and master data in these blocks along with the process.
reward if useful.
sarma

What is the process for MM and asset account a/c and FI

what is the process for MM and asset account a/c and FI
Regard's
VYadav

Dear,
There are below steps involved...
1. Create purchase requisition..
2. Create purchase order from above or you can directly creating it. Make sure you are entering A in account assignment category..
3. Do the GR of asset based on PO created in step 2 in transction MIGO..
4. Pass the invoice in MIRO.
5. Make payment.
6. Clear the vendor account...
Result is Asset is aquired......
Regards,
Chintan Joshi

Ballance sheet and Asset accounting in IFRS

hello every one ,
Currently we are thinking to implement IFRS with New G/L But i wantted to know is there any changes in IFRS Ballance Sheet than GAPP Ballance sheet ?
Similarlly want to know is there any changes need to do in Asset account ? like Derpeciation, Asset cost etc.
Additionay what kind of changes would you suggest in G/L Configuration ?
Thank you in Advance
Deepak Pawar.

Hi,
About your query on Asset accounting Asset Accounting is based on different Depreciation Areas (eg. 01, 40) which are
assigned to different ledger groups (eg. 0L, N1 etc.) reflecting accounting principles (eg. IFRS, Local GAAP). The Book Depreciation Area 01 is linked and posting to the Leading Ledger 0L (and will therefore update all ledgers). Consequently the system needs a Delta Depreciation Area (41) to track the difference between IFRS (01) and Local GAAP (40) and then only to post this differences into the ledger group N1.
Regards,
Krishna Kishore

Differences between New GL balances and Asset accounting

Hi
We just went live at a customer with a new reporting solution in the New General ledger. We have activated document splitting on the business area (Without mandatory BA) together with the business area scenario. The customer was already live with New GL with document splitting on profit center accounting.
After activation of the BA dimension we transfered all of our assets from the business area blank into their correponding business areas. This went fine for most of our assets except for 2 assets. When changing the business area Aquisition values and acc. depreciations where moved from blank to their target BA in the General ledger view of the documents and likewise in table FAGLFLEX. However for the 2 assets in question the same postings occured but the sending BA is equal to the target BA. The result is that the asset values are moved in AA but not in the general ledger. The asset master change log shows that the BA was changed from blank to 0099 on the conversion date.
This brings out several questions:
Why does these 2 assets behave like this while all the other 5000+ assets behave correctly?
How do we correct it if we can't find the cause? Is there a way to adjust values separately in the GL?
We do expect this inconsistency to cause problems at year-end
Thanks

Hi
How did you transfer the assets from Blank BA to BA 0099?? Was it just changing in AS02??
I believe you would have taken SAP's SLo service for making changes in DOc Splitting.. So, contact SAP for the same
In GL you can rectify using ABF1 i.e. you wil be able to post an entry directly in asset recon accounts... Refer note 69925 for more details
br, Ajay M

IFRS and Asset Accounting

Hi Experts
Could anyone shed more light in terms of assets and IFRS requirements particulary on the revaluation, impairements and captilisations dates of assets.
Many Thanks

Hi,
Check out this link.
Might be of some use to you.
http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_er_Property,%20Plant%20and%20Equipment_0211_2009(1).pdf
Best Regards,
Raj

Asset and Inventory accounts

Experts,
Is there anyway you can clear these accounts or post to these accounts? - I understand that these are recon accounts and cannot be directly posted to. I am looking for a way to clear these recon accounts like for AR and AP ( Sub Ledger) accounts, we can clear them by vendor/customer # - Is there anyway we can clear these recon accounts i.e for Asset and Inventory. If so, what's the T Code?
All answers would be duly rewarded with points.
Thanks,
Nandita

Nimit,
I was just giving an example of how we can clear AR and AP accounts(F-04 or F-44) - AR and AP accounts have nothing to do with Inventory and Asset accounts in our scenario. So is there anyway we can clear Asset and Inventory accounts in SAP ?
The reason i am saying this is i need to clear the balance of all accounts in a Co Cd using a clearing account - When i am saying all accounts, i am talking about all accounts including sub ledger accounts - AP, AR, Inventory and Sub Ledger.
AP and AR - i can take care of this by using vendor and customer number, as i cannot clear them by their accounts... However how do i do it for asset and inventory accounts ? Is there a way and if so how - tcode?
Thanks,
Nandita

Where we have to open and close posting periods in asset accounting

hi sap gurus
can anybody give where we have to open and close posting periods in asset accounting
thank you
venkatareddy

Hi Venkatareddy,
You make specifications for fiscal years and posting periods in the SAP R/3 System in Customizing for Financial Accounting. This is done in the fiscal year variant in the global parameters of the company code. These settings are, in general, also binding for Asset Accounting. The depreciation periods in Asset Accounting then correspond to the posting periods in Financial Accounting.<b> It is usually not necessary to create a separate fiscal year variant for Asset Accounting.</b>
The period control in the depreciation key determines the start and end of depreciation when asset transactions are posted . The period control determines the relationship between the calendar period in which the asset transaction is posted and the depreciation period.
These calendar periods are independent of the posting periods in Financial Accounting. The only restriction is that the beginning of the first calendar period and the end of the last calendar period defined in a period control have to match the start date and final date of the fiscal year in Financial Accounting.
Kindly let me know if this useful for you

Index series and index class in asset accounting

Hi All,
I have read in the SAP documentation that we need to assign index series to index class. I have not found the place where index class is configured/assigned. Could you please let me know what are the configuration steps for indexing in asset accounting for calculation of replacement value and purpose of each of these steps/fields?
Regards
Suresh

Hi Suresh,
Revaluation is calculated as follows:
( KANSW x Index / Basic ) - KANSW - KAUFW
In OAV5: Defining Index Series for Revaluation Posting
http://help.sap.com/erp2005_ehp_04/helpdata/EN/b0/99a504832f4f10ac6177397dc3a505/frameset.htm
Store the index in the depreciation area.
Please also check the button Indicator "posting revaluation" in OAYR and read the F1 Help
Regards Bernhard

Asset accounting and Inventory management.

Hi gurus, I need your advice.
We want to control our inventory and our fixed assets in order to be able to match the amounts between both modules. The main difficulty is that not all the items we register into the inventory module generate a fixed asset (we have sixty thousand inventory items and seven thousand fixed assets).
The way I have thought to solve it is the next: currently we have and asset class per Fixed Asset GL Account. I want to create two asset classes per GL Account, one for the fixed assets that are into the Inventory Module and other for the Fixed Assets that aren´t in the Inventory Module.
Do you think it is ok or do you have a better/easier solution??
Many thanks in advance.
BR//Alberto.

Since you mention there is an inventory module, and there is a fixed assets module - consider that the two are very different.
Inventory is merchandise for sale. When its costs are recognized, those costs are recorded as costs of sale or costs of goods sold. Inventory can be purchased or it can be constructed, but when we sell the items to customers we recognize both the revenue and the costs at the same time. The gross margin is the net gross profit or loss. Inventory has no depreciation.
Fixed assets are capital assets used by the organization to do the things the firm is in the business of doing. The tools used to build/construct inventory are capital assets (used in more than one year). Fixed assets will not be sold as a main purpose of the organization. Only inventory is sold as a main purpose of the organization to earn a profit. Since fixed assets benefit the organization for more than one year, we spread the costs over all those years in which revenue is generated by the fixed asset use. This is the matching principle to recognize costs when the revenue is recognized. To achieve this, we use the AFAR and AFAB depreciation process to spread that APC value across all periods that will benefit from the "tools."
I think you are already using MM for your inventory module. There can be different classes of inventory just as there can be different classes of fixed assets in SAP. Each class has its own reconciling account. Each is its own subsidiary ledger/listing of items that sum to the balance in the reconciling account. Subledger transactions will automatically update the reconciling account balances for the class - whether we are talking fixed assets or inventory.
I hope this can help, since it sounded like the terminology was confusing. Neither SAP or accounting is simple. Regards

One report to check WBS and Asset number

Hi All,
Please advice. Is there any report to check WBS and asset number belong to ?
Many thanks in advance.
Nies

Please let me know your exact requirement.
But KOSRLIST_PR will show (if you have valid entries) the settlement receiver something like below with WBS element information and settlement details:
WBS ISC/00002-1-02 RECEIVER WBS2-COMP 1000
FXA 1000/700000132/0 RECEIVER WBS2-COMP 1000 100.00 AUC Act
Regards
Sreenivas

Error in Asset Accounting Specify Intervals and Postings Rules

Hi,
I am configuring for Asset Accounting and when I go to this part:
Asset Accounting > Integration with the General Ledger > Post Depreciation to the General Ledger > Specify Intervals and Postings Rules
I get the error "Company code XXXX is not defined" (message no. AC519).
The company code specified in the error was deleted in the system before. I am thinking that there is a table where this company code is not yet deleted. How can I solve this? Thanks a lot.

Create the company again, make your changes and delete the company again

Use of different fiscal year variant in leading&non leading ledgers and Asset closing&Reporting

Experts,
Need one clarification on using different fiscal year variants for Leading(0L)&non Leading(NL) Ledgers and impact on Fixed Asset Accounting.If I use say V6(Jan2013-Dec2013) for Leading Ledger and April2013-March2014 for non leading Ledger,(local GAAP)-please clarify the following.
1.Does Asset Accounting gives all standard reports as expected in both(Leading&Locals) the Depreciation areas?Do we need to any settings specially for in the above scenario?(I am assuming point#4 given below may not help for this as system gives an error if both the fiscal year variants have different start&end dates)
2.How is Year end in Asset Accounting handled?If I close the year end in Asset Accounting for Company Code as per Leading Ledger i.e say by Dec 2013,can I still post the asset entries in non leading ledger?Because Financial year for Leading ledger will be 2014 and non leading will be still 2013(in Jan2014).
3.I am aware SAP has some restrictions way back in 2005-2007 (SAP note 844029) for different fiscal year variants in Leading&Non Leading Ledgers,Does SAP come out with any solution later?
4.What is the exact use of the settings at Asset Accounting>>Valuation>>>Fiscal year>>Fiscal year variants at company code level or Depreciation area level?My understanding here is,they are not meant for using different fiscal year variant with different start&end dates but they are meant for using different fiscal year variant with same START&END DATES and have different number of posting periods i.e 1 can have 12 and other can have 13.
Please can you give your comments?
regards
hinfi

Hi Hinfi,
It seems standard SAP does not manage different fiscal year variants (at least with different start/end dates) in different depreciation areas.
However, they came up with an add-on solution called Multiple Calendar Tool and based on a mirroring solution that synchronizes asset transactions in a mirror company code.
It's all explained in following notes:
Note 1175751 - Project solution for alternative fiscal year variant
Note 1636025 - Asset acctg multi calendar tool 1.0_ SP Note
Note 1658489 - Installation of Asset acctg multi calendar 1.0 software
Note 1658714 - Asset acctg multi calendar tool_ Overview Note
Note 1691481 - Release strategy_ Asset acctg multi calendar tool
Note 1951069 - Different fiscal year variants in General Ledger Accounting (New) (NewGL) under the new Asset Accounting (FIN_AA_PARALLEL_VAL)
I don't know if it's commonly used and personnaly have no feedback on it. I was curious to check how to manage a depreciation area 01 posted in a leading ledger in US GAAP (FYV january to december) and another depreciation posted in a non leading ledger in Indian GAAP (FYV april to march).
BR
Gregory

What is the purpose of Clearing and Revenue account in Asset Disposal : F-92?

Hi All,
Please clarify my doubt ;
In Asset Disposal - Sale to Customer : F-92 with customer
Suppose an asset with historical cost $1000 and accumulated depreciation of $100 is being sold to a customer at $1100, the posting entries will be as follows :
Dr     Customer Account (A/R)                    1,100
Dr     Accumulated Depreciation                    100
Cr     Fixed Asset - Acquisition Cost           1,000-
Cr     Gain/Loss of Fixed Asset Disposal       200-
Dr     Clearing Account for Asset Disposal   1,100
Cr     Revenue for Asset Disposal                1,100-
I completely understand the first four line items, but don't know the purpose or the 5th and 6th line items.
Please explain why we need a clearing and revenue account for asset disposal and what would be the impact of these accounts in asset accounting?
Thanks in advance !!!
Regards,
Vicki

Hi Vicki
This is just a technical account, which gets Dr and Cr in the same document
The purpose is just to tell you how much asset sale has happened during the year.. You can get this info by looking at the GL Account
Since Asset Module is a sub ledger, the asset needs to be retired. At the same time, the FI-GL also should show the needed info from accounting perspective
While the required GL entry is completed with the 1st 4 line items, the 5th and 6th are just the statistical ones
Br. Ajay M

Asset accounting Tables and Fields.

Hi Experts,
I need some table and field in asset accounting, my requirement is below.
1) 2009 depreciation expense for all assets still in service (not written off during 2009) (by class, by asset); and
2) 2009 depreciation expense on all assets written off during the year (by class, by asset)
Thanks in advance.
REgards,
Sam.

Hi Sam,
I think in ANLC you find what you need.
If not, give me feedback
regards Bernhard

FI GL , FI AP , FI AR and Asset Accounting

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