Learn How to Maintain Parallel Asset Values and Post to the SAP General Ledger

  • by Sanjay Wagh, Vice President, Elephanta Technology, Inc.
  • November 30, 2012
Learn how to manage parallel values in SAP Asset Accounting using depreciation areas. Follow a discussion of parallel posting to the general ledger with the use of additional general ledger accounts.
Key Concept

SAP Asset Accounting (FI-AA) provides functionality to manage parallel asset values. In FI-AA, asset values are managed in parallel using a structure called the depreciation area. Parallel asset values can also be posted to the general ledger, either using additional general ledger accounts or using a parallel ledger within the SAP General Ledger.

SAP provides various techniques to maintain parallel values in Asset Accounting (FI-AA). These techniques help organizations to maintain asset values for various reporting requirements, including tax reporting, group reporting, and reporting in Generally Accepted Accounting Principles (GAAP).

I show you how to maintain parallel asset values in an SAP system. Specifically, I go through the configuration for maintaining parallel depreciation methods, parallel fiscal year variants, and parallel currencies. I then set up the system for parallel posting asset values to the general ledger using an additional accounts approach.

When showing the configuration, I discuss various options available for maintaining parallel fiscal year variants, parallel currencies, and parallel general ledger postings. In this way, you can make an appropriate design decision for your own business environment.

I assume that you already have the knowledge of FI-AA configuration and processes and that the following prerequisites, dependent on the parallel value scenario you want to implement, have already been met.

  1. A chart of depreciation is created and assigned to a company code.
  2. Different depreciation methods are defined.
  3. Fiscal year variants are maintained.
  4. Additional general ledger accounts are created.

The following configuration and processes are completed in SAP ERP Central Component (SAP ECC) 6.0. Note that prior SAP ERP versions may or may not provide the functionality that I discuss.

Sanjay Wagh

Sanjay Wagh has 28 years of professional experience in manufacturing, banking, and consulting in global companies. Sanjay started as a product engineer and corporate finance specialist and seamlessly transitioned to a consultant, assisting other companies in implementing software systems. Sanjay combines his experience in manufacturing and finance with consulting experience to help clients design and implement business processes using best practices in a cost-efficient, risk-free manner with a long-term perspective. Sanjay has 16 years of SAP software implementation experience in the areas of FI and CO along with several end-to-end SAP project life cycles. He has participated in conducting requirements gathering and business blueprinting workshops, realization, testing, end-user training preparation and delivery, and post-implementation support. He is a certified SAP solution consultant.

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