Improve Your Asset Reporting with Two Overlooked Tools

  • by Thomas Michael, Senior SAP Product Expert, Michael Management Corporation
  • October 15, 2007
Preview this excerpt from Thomas Michael’s SAP PRESS book Reporting for SAP Asset Accounting to see some key reporting features in Asset Accounting (FI-AA). The book reviews both the various kinds of standard reports available and some important reporting tools that users often overlook.
Key Concept

Simulation versions are functions that allow you to consider different scenarios without affecting your master records. They are only available for depreciation reports. Specifically, they only work for reports on balances, not for transaction reports.

Users can frequently overlook beneficial tools in their standard SAP systems either because they don’t know of them or can’t find them in the system. I’ll show you two such tools, available in many standard asset reports, that you can use to improve your Asset Accounting (FI-AA) reports by adding flexibility and testing ability.

The first is simulation versions, which allows you to simulate the effects of certain changes to asset values. The second tool is currency translation methods, which allows you to run asset reports in currencies different from the one assigned to a particular depreciation area. Both reporting tools are easy to set up in configuration and easy to use on the standard report selection screen.

Thomas Michael

Thomas Michael has been a business technology consultant since 1993 and has worked with an impressive array of more than 60 clients all over the world. As the president and CEO of Michael Management Corporation, he speaks and writes widely about SAP implementation issues. You can find more of Thomas’ expert articles at his popular Web site at www.michaelmanagement.com.

Thomas will be presenting at the upcoming SAPinsider Managing Your SAP Projects 2016 conference, November 2-4 in Orlando. For information on the event, click here

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