SAP FI Assets: Configuration of Asset Accounting

Step 1 – COPY CHART OF DEPECIATION
T Code: EC08
IMG-->Financial Accounting ----> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Copy reference chart of depreciation/depreciation area

Step 2 – ASSIGN COMPANY CODE TO CHART OF DEPRECIATION
T Code: OAOB
IMG --> Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Assign chart of depreciation to company code

Step 3 – ASSIGN FINANCIAL STATEMENT VERSION TO EVERY DEPRECIATION AREAT Code: OAYN
IMG -->Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Specify statemement version for asset reports

Step 4 – IDENTIFY YOUR ASSET CLASSES

Step 5 – IDENTIFY YOUR ACCOUNT DETERMINATION & SCREEN LAYOUT FOR YOUR ASSET CLASSESSPRO – IMG --> Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Asset Classes --> Specify required entries for asset master data

Step 6 – IDENTIFY YOUR GL ACCOUNTS FOR YOUR ASSET CLASSES

Step 7 - DEFINE YOUR NUMBER RANGET Code: AS08
IMG --> Financial Accounting --> Asset Accounting --> Organizational Structures --> Asset Classes --> Define number range interval

Step 8 - DETERMINE DEPRECIATION AREAS IN ASSET CLASSES AND SCREEN LAYOUTT Code: A021
IMG --> Financial Accounting --> Asset Accounting --> Master Data --> Screen Layout --> Define screen layout for asset depreciation areas
T Code: OAYZ
IMG --> Financial Accounting --> Asset Accounting --> Valuation --> Determine depreciation areas in the asset class

Step 9 – GENERATE ASSET CLASSES FROM GL ACCOUNTST Code: ANKL
IMG – Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Asset Classes --> Generate Asset Classes from G/L Accounts

Step 10 – COMPLETE DATA FOR ASSET CLASSES SETTING REQUIRED ENTRY FIELDSSPRO – IMG --> Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organization Structures and Master Data --> Asset Classes --> Specify requires entries for asset master data
T Code: OAYZ
IMG --> Financial Accounting --> asset Accounting --> FI-AA Implementation Guide (Simplified Version) Organizational Structures and Master Data --> Asset Classes --> Enter default values in asset classes
T Code: AO90
IMG --> Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Assign additional G/L accounts for transactions/depreciation

Step 11 – SETTING UP SPECIAL ASSET CLASSEST Code: OAYK
IMG --> Financial Accounting --> Asset Accounting --> Valuation --> Specify max amount for LVA + asset classes --> Specify amount for low value assets
T Code: OAY2
IMG --> Financial Accounting --> Asset Accounting --> Valuation --> Specify max amount for LVA + asset classes --> Specify LVA asset classes

Step 12 – SPECIFY INTERVALS AND POSTING RULET Code: OAYR
IMG --> Financial Accounting --> Asset Accounting --> FI-AA Implementation Guide (Simplified Version) --> Organizational Structures and Master Data --> Specify intervals and posting rules