asset accounting

[Former Member]

Hi

What is the meaning of

Main asset

sub asset

group asset

chart of depreciation

posting rules

Thanks

[sridevi_p · Accepted solution]

Hi,

Main ASset -An asset that is made up of several component assets. A complex asset is represented in the system by the main asset number.

Sub asset - Its component assets are represented by asset sub-numbers. This is done for e.g. Show separate value development for subsequent acquisitions

Group asset - A combination of a number of assets for the purposes of a common, summarized calculation of depreciation

Chart of depn - The chart of depreciation contains the defined depreciation areas. It also contains the rules for the evaluation of assets that are valid in a given country or economic area

Posting Rules - Determines when the depreciation is to be posted/

Regards,

Sridevi

• Pls. assign points

[Former Member]

Hi,

<b>Group Assets</b>

As a general rule, the system calculates depreciation at the level of individual assets. Certain types of calculation needs or tax requirements (such as in the U.S.A.) make it necessary, however, to calculate depreciation at a higher level. For this purpose, you can group assets in the FI-AA system together into so-called group assets. You can group assets together per depreciation area to form group assets.

<b>Chart of Depreciation</b>

The chart of depreciation is a list of depreciation areas arranged according to business and legal requirements. The chart of depreciation enables you to manage all rules for the valuation of assets in a particular country or economic region.You must assign a chart of depreciation to each company code that is defined in Asset Accounting. When creating a chart of depreciation, you have to copy the reference chart of depreciation.

<b>Posting Rules</b>

You define the posting rules for the depreciation areas that post depreciation values to Financial Accounting

1 = monthly posting

3 = quarterly posting

6 = semi-annual posting

12 = annual posting

<b>Main Asset</b>

Main asset is one that is group of all ur sub assets. Main asset is created at AS01.

<b>Sub Asset</b>

Sub Asset is dependednt on main asset or extension of main asset . Sub asset is created at AS11.