new asset accounting introduction
TRANSCRIPT
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New Asset Accounting
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New Asset Accounting at a glance
Only one depreciation area per accounting principle; no more useof delta depreciation area
Real time postings per accounting principle
New transactions for accounting-principle specific documents
Post values correct from the beginning, using multiple parallel
documents no corrections at period end closing necessary
anymore. Period end closing transaction ASKB becomes obsolete!
As well available without HANA or Simple Finance in on premise
installations as per ERP 6.0 enhancement pack 7
Obligatory in Simple Finance
EA-FIN obligatory as well
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Overview of the new architecture
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Example: Integrated with different amounts per
Accounting Principle
Transaction vendor invoice
1) Technical Clearing Account Acquisition to Vendor ledger group and accounting principles Blank
2a) Asset to Technical Clearing AccountAcquisition ledger group and accounting principle IFRS
2b) Asset to Technical Clearing AccountAcquisition ledger group and accounting principles LGAAP
Transaction correction freight cost
3) Freight expenses toAsset ledger group LGAAP
Asset Reconcilation.Tech.Clear.Acc.Acqu.
Asset Reconcilation
AP Reconcilation
2a) 10.200 2a) 10.2001) 10.2001) 10.200
1) 10.200 1) 10.200 2b) 10.2002b) 10.200
IFRS
LGAAP
Freight expenses
3) 2003) 200
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Example: integrated acquisition where different amounts
have to be capitalized per accounting principle
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Example: assets not activated for all accounting
principles
Due to the necessity to balance the technical clearing account, for each
accounting principle a separate document has to be posted
If an accounting principle is not represented on the asset by an area which
posts APC online to GL, the posting will be re-directed to Account for non-
operating expenses
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Additional Information on Posting
The technical account always balances to zero.
The operational entry document will be posted by the entered document type,
the rest can be posted under a different document type (for example AA)
Accounting Principle specific documents will always be created
Using different reconciliation account per accounting principle is possible
Technical clearing account will be always posted, even if a certain accounting
principle is not represented on the asset*.
*There is a small difference between ledger and account solution. The account Contra account:
Acquisition value postingassigned in the account determination will be posted to instead of the Technical
Clearing Account for secondary depreciation areas in the accounts approach.