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Comprehensive Guide to Asset and Cost Accounting

The document discusses several accounting topics including asset accounting, bank accounting, cost element accounting, cost center accounting, internal order accounting, product costing, CO-PA, profit center accounting, and integration between finance and other SAP modules. It provides details on the master data, planning, actual postings, and period-end closing activities for each topic. It also lists the key information systems used for balance sheet, profit and loss accounting, chart of accounts, trial balance, and general ledger.

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Manchukonda Nagararaju
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8 views3 pages

Comprehensive Guide to Asset and Cost Accounting

The document discusses several accounting topics including asset accounting, bank accounting, cost element accounting, cost center accounting, internal order accounting, product costing, CO-PA, profit center accounting, and integration between finance and other SAP modules. It provides details on the master data, planning, actual postings, and period-end closing activities for each topic. It also lists the key information systems used for balance sheet, profit and loss accounting, chart of accounts, trial balance, and general ledger.

Uploaded by

Manchukonda Nagararaju
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Asset classes

 Integration with General Ledger


 Depreciation Keys
 Asset under Construction from internal orders
 Business process (Easy access)
o Creation of assets Masters
o Acquisition of assets
o Sales of assets
o Transfer of assets
a. Inter company
b. Intra company
o Depreciation postings
o Settlement of AUC

BANK ACCOUNTING

 House banks
o House banks
o Banks id’s
o Check lots
 Cheque Deposits
 Manual & Automatic bank reconciliation
 Cash journal

C0 – CONTROLING

GENERAL CONTROLING

 Organizational structure in Controlling


 Controlling Area

COST ELEMENT ACCOUNTING

 Master data – Primary & Secondary Cost Elements


 Accrual Calculation

COST CENTER ACCOUNTING

 Master data – Cost Centers, Activity Type & Statistical Key figures
 Cost Center Planning
 Actual Postings
 Period End Closing activities
INTERNAL ORDER ACCOUNTING

 Master data – internal order


 Internal Order Planning
 Budget & Availability Control
 Period End closing activities

PRODUCT COSTING

 Product cost planning


o Costing sheet
o Cost Component Structure
o Costing Variants
 Cost Object Controlling
o Product Cost by Period
o Product Cost by Order
o Product Cost by Sales Order
 Period End Closing activities
o Overhead Calculation
o WIP Calculation
o Variance calculation
o Settlement

CO-PA (Controlling Profitability Analysis)

 Structures
 Master Data
 Flow of Actual values
 Forms & Reports

Profit Center Accounting

 Basic settings
 Master Data
 Planning
 Actual Posting

INTEGRATION

 Materials Management (MM) With Finance Integration


o Valuation Class
o Price Indicator
o Accounting Determination
 Sales & Distribution (SD) With FI Integration
o Sales Pricing Procedure
o Condition Techniques
o Account Determination

INFORMATION SYSTEM:

1. BALANCE SHEET AND PROFIT AND LOSS ACCOUNTING.


2. CHART OF ACCOUNTS.
3. TRIAL BALANCE
4. GENERAL LEDGER.

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