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Contents
Summary
Public
Accounting principles have to be defined explicitly even in the account approach for parallel
accounting.
Thereby the corresponding valuation (e.g. IFRS, local GAAP, Tax*) is defined and named.
All sub ledgers and feeding applications in accounting can be integrated per accounting principle.
Ledger groups as technical link: Even though in the account approach only one single ledger 0L is
defined and updated, to each accounting principle a unique and distinct ledger group needs to be
assigned.
These ledger groups only relate to and embrace the one single leading ledger 0L.
They serve as a technical means of integration per valuation on document level. Thereby a navigation from line item
reporting (e.g. out of the Asset Explorer) into the related documents is facilitated.
They do not imply the introduction of a ledger concept under the account approach:
System users (end users) are not bothered by and do not see a ledger group. Ledger groups do not necessarily
show up on a screen.
Only the one single and unique leading ledger 0L is updated and used in reporting. All of these ledger groups just
refer to ledger 0L.
*Financial statements for tax-legislation based valuation are supported and can be implemented. Note however
that no (localized) content for tax valuation is delivered by SAP!
2014 SAP AG or an SAP affiliate company. All rights reserved.
Public
Depreciation areas represent valuation decisions in the fixed asset accounting sub ledger.
In the asset class or single asset master, asset valuation is determined by depreciation keys and useful life per
depreciation area.
Valuating transaction (e.g. in the closing process) can be explicitly restricted by depreciation area or accounting
principle.
For each asset class the G/L account determination for asset reconciliation account and Accumulated depreciation
account for ordinary depreciation is defined per depreciation area.
Any leading depreciation area of a valuation must not inherit values from any other deprecation area: The Adoption
of values from depreciation area must be initial.
Value and parameter take over must only be defined within the same accounting principle assignment.
Public
Depreciation areas establish reconciliation between asset sub ledger and G/L per currency:
For every additional currency type defined on the company code a corresponding depreciation
area with posting indicator Area does not post needs to be defined in the leading accounting
principle. Thus FI-AA is reconcilable with the Balance Sheet in each valuation and each relevant
currency.
Depreciation areas establish reconciliation between asset sub ledger and G/L in real time.
For every accounting principle there must be at least one leading depreciation area which posts
ACP in real time. Thus APC update to the G/L account is real time in all accounting principles.*
* The periodic posting run (RAPERB2000) is needed for depreciation areas for Special Items (Sonderposten-Bereiche) only.
Only for this exceptional requirement the posting indicator may as well be set to the value (Area Posts APC and depreciation
periodically
** Non-leading depreciation areas for parallel valuation are configured with posting indicator Area posts APC immediately and
depreciation periodically, which means the same as real time.
2014 SAP AG or an SAP affiliate company. All rights reserved.
Public
Same approach, but different valuation: The corresponding asset reconciliation accounts for
each valuation belong to corresponding nodes in Financial Statement Versions.
Different approaches:
Transaction activated as Fixed Asset in IFRS and as Current Asset in local: The corresponding asset
reconciliation accounts for each valuation are assigned to Fixed Asset node in the IFRS Financial Statement
Version and to the Current Asset node in the local GAAP Financial Statement Version.
Transaction activated in IFRS, and registered as expense in local GAAP (one-sided asset): Per asset
class or per asset master the depreciation areas for local GAAP can be flagged as Deactive in Determine
Depreciation Areas in the Asset Class.
With document splitting active: Cash discounts are capitalized with payments real time.
Without document splitting: periodic run of SAPF181.
Public
On document-level both parts (operational part and valuating part) are each balancing
to zero.
The Technical Clearing Account for Integrated Asset Acquisitions is ensured to
balance to zero as well:
It is debited by the operational part and credited by the valuating part updating the leading
depreciation area (area with posting indicator Area Posts in Realtime ) with same amount. Both
documents are posted within the same logical unit of work.
Non-leading valuations are updating the Contra account: Acquisition value posting instead of the
technical clearing account.
It cannot be posted to manually, since it is defined as asset reconciliation account.
Public
The portrayal of parallel valuation requires the depreciation areas listed below.
There are three different valuations: IFRS, local GAAP (L-GAAP), Tax*.
Posting of
Depreciation area
Accounting Principle
Period Depreciation
01
IFRS
20 (calculation)
IFRS
30
local GAAP
60
Tax*
Public
10
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11
Scenario 1:
Depreciation
Posting of
Depreciation area
Accounting Principle
01
IFRS
X (CO)
30
local GAAP
60
Tax
Period Depreciation
Public
12
Scenario 2:
Posting of
Depreciation area
Accounting Principle
Period Depreciation
01
IFRS
20 (calculation)
IFRS
30
local GAAP
60
Tax
X (CO)
Public
13
Scenario 3:
Depreciation
Depreciation
It posts to Controlling
P&L accounts are created as cost elements
Posting of
Depreciation area
Accounting Principle
Period Depreciation
01
IFRS
30
local GAAP
X (CO)
60
Tax
Public
14
Only relevant accounting principles need to be represented on the asset or on asset class
by their corresponding depreciation areas
All transactions issued within FIAA will affect the capitalization only for those accounting
principles which are relevant for the involved asset(s).
P&L postings for all other accounting principles have to be handled manually by the end user
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15
Due to the necessity to balance the technical clearing account, for each ledger group assigned to
the chart of depreciation a separate document has to be posted.
If a certain ledger group 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 expense (KTNAIB)
If no ledger group is represented on the asset by an area which posts APC online to GL, the system
issues an error can be changed into warning, then statistical areas in FI-AA will be updated
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16
For those accounting principles which are not represented on the asset by an area which posts APC
online to GL, the revenue will remain on the manually entered revenue account. The end user might
need to manually transfer this value to a different P&L account.
If no ledger group is represented on the asset by an area which posts APC online to GL, the system
issues an error (which can be changed into warning, then statistical areas in FI-AA will be updated)
Due to the P&L posting of acquisition costs during integrated acquisitions, the system has to check
that no other depreciation area in this accounting principle posts depreciation to GL. Otherwise, the
expense amounts in the P&L statement would be doubled over the useful life of the asset
If such a setup is found, the system issues an error message. This message can be changed into a
warning, e.g. if the asset is not used for integrated acquisitions
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17
Asset Aquisition
Depreciation
Asset Retirement and scrapping
Asset under Construction
Low Value Assets
01 IFRS
30 L-GAAP
60 Tax
L-GAAP
IFRS
Pure
Local GAAP
Accounts
Pure IFRS
Accounts
FI-AA
Tax
Common
Accounts
Postings
Pure
Tax GAAP
Accounts
Chart of Accounts
2014 SAP AG or an SAP affiliate company. All rights reserved.
IFRS
X
local
GAAP
X
Tax
X
X
X
X
--
Public
--
19
Document Entry:
Financial Accountant
31 K Vendor
160000 (Payable)
70 A Asset
FIAA-1000-0
L-GAAP
10.200
PRCTR1
KOSTL1
40 S GL
200
75 A Asset
L13000 (Machines)
PRCTR1
KOSTL1
Generated documents:
(1) Common Accounts
70
999999
10.200
31
Account Payable
160000
10.200
70
I13000
10.200
75
999999
10.200
70
L13000
10.200
75
L999999
10.200
70
Tax
Machines
T13000
10.200
75
T999999
10.200
40
75
IFRS
Machines
Tec.Clearing Acc. Acquisition
L-GAAP
Machines
L-GAAP
Freight Expense
Machines
L4xxxxxx
200
L13000
200
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20
AP Reconcilation
1) 10.200
Asset Reconcilation.
Tech.Clear.Acc.Acqu.
2a) 10.200
Contra Acc.Acqu.
1) 10.200
1) 10.200
200
Asset Reconcilation
3) 200
Tax
(common accounts)
( IFRS accounts )
(Local GAAP accounts)
(Tax GAAP accounts)
L-GAAP
Asset Reconcilation
1) 10.200
Contra Acc.Acqu.
1) 10.200
IFRS
Freight expenses
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21
01 IFRS
30 L-GAAP
60 Tax
L-GAAP
IFRS
Pure
Local GAAP
Accounts
Pure IFRS
Accounts
FI-AA
Tax
Common
Accounts
Pure
Tax GAAP
Accounts
Chart of Accounts
2014 SAP AG or an SAP affiliate company. All rights reserved.
Postings
IFRS
local
GAAP
Tax
--
--
--
--
--
--
Public
22
01 IFRS
30 L-GAAP
60 Tax
L-GAAP
IFRS
Pure
Local GAAP
Accounts
Pure IFRS
Accounts
FI-AA
Tax
Common
Accounts
Pure
Tax GAAP
Accounts
Postings
IFRS
local
GAAP
Tax
--
--
--
--
--
--
Chart of Accounts
2014 SAP AG or an SAP affiliate company. All rights reserved.
Public
23
Document Entry:
AR Accountant
8.500
(Assumption:
Net book value IFRS 8.000-, local GAAP 9.000,-, Tax 9.500)
Generated documents:
(5) To common accounts
01
Account Receivable
140000
8.500
50
820000
8.500
IFRS
40
Clearing Acc.Asset Retirement
I825000
8.500
75
Machines
I13000
8.000
50
Gain/Loss
I2xxxxx
500
LGAAP
40
Clearing Acc.Asset Retirement
L825000
8.500
75
Machines
L13000
9.000
40
Gain/Loss
L2xxxxx
500
LGAAP
40
Clearing Acc.Asset Retirement
T825000
8.500
75
Machines
T13000
9.500
40
Gain/Loss
T2xxxxx
1000
Public
24
5) 8.500
Sales revenue.
5) 8.500
5) 8.500
7) 8.500
8) 8.500
5) 8.500
Sales revenue.
5) 8.500
Asset Reconcilation
Acc.Depr.
Depr.Exp.
Gain/Loss
6) 500
Asset Reconcilation
Acc.Depr.
Asset Reconcilation
2b) 10.000 8) 10.000
Acc.Depr.
8) 500 4) 500
L-GAAP
Gain/Loss
Depr.Exp.
7) 500
Tax
Gain/Loss
Depr.Exp.
4) 500
8) 1000
Public
25
As investment measure:
The costs are collected and capitalized/settled to the asset. They are assigned
to the depreciation area on the basis of the combination of capitalization key
and capitalization version. In this way, different percentages of capitalization
can be applied.
Public
26
L-GAAP
IFRS
Pure
Local GAAP
Accounts
Pure IFRS
Accounts
Tax
01 IFRS
30 L-GAAP
60 Tax
Postings
FI-AA
IFRS
Common
Accounts
Pure
Tax GAAP
Accounts
local
GAAP
Tax
--
--
--
--
--
--
Public
27
Process
flow:
Assumptions:
Freight Costs are capitalized under
IFRS only
100% of other expenses are
capitalized under IFRS and local
GAAP
80% of other expenses are
capitalized under Tax Law.
Other expenses,
Freight costs
Investm.
Order
Ext. Procurement,
Production costs
Settlement
AuC, Asset
70
50
50
IFRS
Machines
I32000
10.200
Other Expenses
I415000
10.000
Freight Expenses
I472000
200
local GAAP
70
Machines
L32000
10.000
50
Other Expenses
L415000
10.000
70
Tax
Machines
T32000
8.000
50
Other Expenses
T415000
8.000
Public
28
Asset Reconcilation.
(1) 10.200
Asset Reconcilation
(2) 10.000
Asset Reconcilation
(3) 8.000
(e.g. freight costs not capitalized for local GAAP and Tax)
Other expenses
Freight expenses
(1) 10.000
Other expenses
(2) 10.000
Other expenses
(3) 8.000
IFRS
(1) 200
L-GAAP
Tax
(IFRS accounts)
(local GAAP accounts)
(Tax GAAP accounts)
Public
29
The maximum low-value asset amount is defined in the country data (OA08)
(the country key has been assigned to the company code). It can as well be defined per company code
and depreciation area (OAYK).
Assets with APC that are smaller or equal to the smallest LVA value of all accounting principles are
capitalized in an asset class and depreciated immediately.
All assets that are greater than the smallest LVA value of all accounting principles are created in a second
asset class. Whereas in one area immediate depreciation occurs at 100%, depreciation is performed in
another area corresponding to the useful life. Changes to the respective depreciation key and the useful
life need to be made manually in the asset master record for each depreciation area.
L-GAAP
IFRS
Pure
Local GAAP
Accounts
Pure IFRS
Accounts
Tax
Common
Accounts
Pure
Tax GAAP
Accounts
01 IFRS
30 L-GAAP
60 Tax
Postings
Straight-line depreciation over
3 years as per IFRS
Immediate depreciation as per local
GAAP and per Tax Law
FI-AA
IFRS
local
GAAP
Tax
--
--
--
--
--
--
Public
30
Only relevant accounting principles need to be represented on the asset or on asset class
by their corresponding depreciation areas
All transactions issued within FIAA will affect the capitalization only for those accounting
principles which are relevant for the involved asset(s).
P&L postings for all other accounting principles have to be handled manually by the end user
Public
31
Due to the necessity to balance the technical clearing account, for each accounting principle
assigned to the chart of depreciation a separate document has to be posted.
If a certain 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 expense (KTNAIB)
If no accounting principle is represented on the asset by an area which posts APC online to GL, the
system issues an error can be changed into warning, then statistical areas in FI-AA will be
updated
Public
32
For those accounting principles which are not represented on the asset by an area which posts APC
online to GL, the revenue will remain on the manually entered revenue account. The end user might
need to manually transfer this value to a different P&L account.
If no accounting principle is represented on the asset by the leading area of this valuation, the
system issues an error (which can be changed into warning, then statistical areas in FI-AA will be
updated)
Due to the P&L posting of acquisition costs during integrated acquisitions, the system has to check
that no other depreciation area in this accounting principle posts depreciation to GL. Otherwise, the
expense amounts in the P&L statement would be doubled over the useful life of the asset
If such a setup is found, the system issues an error message. This message can be changed into a
warning, e.g. if the asset is not used for integrated acquisitions
Public
33
Accounting principles have to be defined explicitly even in the account approach for parallel
accounting.
Thereby the corresponding valuation (e.g. IFRS, local GAAP, Tax*) is defined and named.
All sub ledgers and feeding applications in accounting can be integrated per accounting principle.
Ledger groups define G/L-integration per area: a unique and distinct ledger group needs to be
assigned to each accounting principle.
These ledger groups usually have one distinct ledger serving as ledger from which financial statements for the
corresponding valuation are produced.
Since the ledger group is updated in the document header, it serves as well as a means of integration per valuation
on document level. Thereby a navigation from line item reporting (e.g. out of the Asset Explorer) into the related
documents is facilitated.
Indirectly every depreciation area is assigned to one of these ledger groups via assignment of accounting principles.
*Financial statements for tax-legislation based valuation are supported and can be implemented. Note however
that no (localized) content for tax valuation is delivered by SAP!
2014 SAP AG or an SAP affiliate company. All rights reserved.
Public
35
Depreciation areas represent valuation decisions in the fixed asset accounting sub ledger.
In the asset class or single asset master, asset valuation is determined by depreciation keys and useful life per
depreciation area.
Valuating transaction (e.g. in the closing process) can be explicitly restricted by depreciation area or accounting
principle.
For each asset class the G/L account determination for asset reconciliation account and Accumulated
depreciation account for ordinary depreciation is defined on each depreciation area with posting indicator Area
posts in realtime.
Alternatively an identical G/L account number can be used in different accounting principles, if in areas to inherit the
account determination the Alternative Depreciation Area is defined accordingly. In this way, only one APC account
and only one VA account, for example, are required for several accounting principles of an asset class. A reduced
version of the chart of accounts can be used for easier reference.
A leading depreciation area of a valuation must not inherit values from any other deprecation area: The Adoption of
values from depreciation area must be initial.
Value and parameter take over must only be defined within the same ledger group assignment.
Public
36
Depreciation areas establish reconciliation between asset sub ledger and G/L per currency:
For every additional currency type defined on the company code a corresponding depreciation
area with posting indicator Area does not post needs to be defined in each accounting principle.
Thus FI-AA is reconcilable with the Balance Sheet in each valuation and currency.
Depreciation areas establish reconciliation between asset sub ledger and G/L in real time.
For every accounting principle there must be at least on depreciation area with posting indicator
Area posts in realtime. Thus APC update to the G/L account is real time in all accounting
principles.*
* The periodic posting run (RAPERB2000) is needed for depreciation areas for Special Items (Sonderposten-Bereiche) only.
Only for this exceptional requirement the posting indicator may as well be set to the value (Area Posts APC and depreciation
periodically
2014 SAP AG or an SAP affiliate company. All rights reserved.
Public
37
Same approach, but different valuation: An identical G/L account number can be used in different
ledgers. By the field Alternative Depreciation Area in the depreciation area it can be ensured, that
the G/L account determination is defined only once. In this way, only one APC account and one
account for accumulated depreciation, for example, are required for all accounting principles of an
asset class. A reduced version of the chart of accounts can be used for easier reference.
Different approaches:
Transaction activated as Fixed Asset in IFRS and as Current Asset in local: A different G/L account number
can be used in different depreciation areas.
Transaction activated in IFRS, and registered as expense in local GAAP: Per asset class or per asset master
the depreciation areas for local GAAP can be flagged as Deactive in Determine Depreciation Areas in the Asset
Class.
With document splitting active: Cash discounts are capitalized with payments real time.
Without document splitting: Cash discounts are capitalized via periodic run of SAPF181.
Public
38
On document-level both parts (operational part with no ledger group specified and
valuating parts with specific ledger groups) are each balancing to zero.
The Technical Clearing Account for Integrated Asset Acquisitions is ensured to
balance to zero as well in each valuation:
It is debited by the operational document and credited by the valuating document of for each ledger
group with same amount. All documents are posted within the same logical unit of work.
It cannot be posted to manually, since it is defined as asset reconciliation account.
Public
39
The portrayal of parallel valuation requires the depreciation areas listed below.
For every ledger there must be a depreciation area with posting indicator Area posts in
realtime. In these areas, APC update is accurate with every transaction in real time. (Delta
areas are not necessary, delta postings are not used.).
There are three different valuations: IFRS, local GAAP (L-GAAP), Tax*.
The local GAAP- and the Tax* ledger are non leading ledgers
Depreciation area
Ledger Group/
Accounting Principle
Ledger
01
0L / IFRS
0L
20 (calculation)
0L / IFRS
0L
30
N1 / local GAAP
N1
60
N2 / Tax*
N2
Leading
Aquisition and
Production Cost
Period
Depreciation
X
X
Public
40
Public
41
Same approach, but different valuation: An identical G/L account number can be used in different
ledgers. By the field Alternative Depreciation Area in the depreciation area it can be ensured, that
the G/L account determination is defined only once. In this way, only one APC account and one
account for accumulated depreciation, for example, are required for all accounting principles of an
asset class. A reduced version of the chart of accounts can be used for easier reference.
Different approaches:
Transaction activated as Fixed Asset in IFRS and as Current Asset in local: A different G/L account number
can be used in different depreciation areas.
Transaction activated in IFRS, and registered as expense in local GAAP (one-sided asset): Per asset
class or per asset master the depreciation areas for local GAAP can be flagged as Deactive in Determine
Depreciation Areas in the Asset Class.
With document splitting active: Cash discounts are capitalized with payments real time.
Without document splitting: periodic run of SAPF181.
Public
42
Scenario 1:
Depreciation
Posting of
Depreciation area
Ledger Group/
Accounting Principle
Ledger
01
0L / IFRS
0L
30
N1 / local GAAP
60
N2 / Tax
Leading
Aquisition and
Production Cost
Period
Depreciation
X (CO)
N1
N2
Public
43
Posting of
Depreciation area
Ledger Group/
Accounting Principle
Ledger
01
0L / IFRS
0L
20 (calculation)
0L / IFRS
0L
30
N1 / local GAAP
N1
60
N2 / Tax
N2
Leading
Aquisition and
Production Cost
Period
Depreciation
X
X (CO)
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44
Depreciation
Posting of
Depreciation area
Ledger Group/
Accounting Principle
Ledger
01
N1 / IFRS
N1
30
0L / local GAAP
0L
60
N2 / Tax
N2
Leading
Aquisition and
Production Cost
Period
Depreciation
X (CO)
Public
45
The start date and end date of the fiscal year variant in the depreciation areas in
Asset Accounting need to correspond to the fiscal year variant (FYV), of the
leading ledger.
Non leading ledgers can use a different FYV if Business Function FIN_AA_CI_1
is active and if the Allow Differing Variants for Depreciation Areas with G/L
Integration-flag is activated in customizing. Again, the start and end date of the
fiscal year must be unique.
If a deviating fiscal year start and end date in non-leading ledgers is required for
a certain accounting principle, a work-around as described in SAP Note 1951069
can be implemented: the accounting principle can be assigned to a ledger group
with two ledgers, one of which shares the FYV of the leading ledger and is the
representative ledger of this ledger group, the other has the deviating FYV. (For
restrictions on this, see SAP Note 844029).Value and parameter take over must
only be defined within the same ledger group assignment.
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46
Asset Aquisition
Depreciation
Asset Retirement and scrapping
Asset under Construction
Low Value Assets
01 IFRS
30 L-GAAP
60 Tax
FI-AA
FI-GL
IFRS (Leading)
local GAAP
0L
Tax
N1
N2
Postings
IFRS
local
GAAP
Tax
0L
N1
N2
0L
N1
N2
--
N1
Public
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Document Entry:
Financial Accountant
31 K Vendor
160000 (Payable)
70 A Asset
FIAA-1000-0
L-GAAP
10.200
PRCTR1
KOSTL1
40 S GL
200
75 A Asset
13000 (Machines)
PRCTR1
KOSTL1
Generated documents:
(1) With LG Blank
BLANK
Tec.Clearing Acc. Acquisition
70
999999
10.200
31
160000
10.200
70
13000
10.200
75
999999
10.200
70
13000
10.200
75
999999
10.200
70
Tax
Machines
13000
10.200
75
999999
10.200
40
75
Account Payable
IFRS
Machines
Tec.Clearing Acc. Acquisition
L-GAAP
Machines
L-GAAP
Freight Expense
Machines
4xxxxxx
200
13000
200
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49
AP Reconcilation
Tech.Clear.Acc.Acqu.
1) 10.200
Asset Reconcilation.
Freight expenses
2a) 10.200
L-GAAP
Asset Reconcilation
1) 10.200
2b) 10.200 3)
200
Asset Reconcilation
1) 10.200
IFRS
3) 200
Tax
2c) 10.200
Public
50
01 IFRS
30 L-GAAP
60 Tax
FI-AA
FI-GL
IFRS (Leading)
local GAAP
0L
Tax
N1
N2
Postings
IFRS
local
GAAP
Tax
0L
--
--
--
N1
--
--
--
N2
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01 IFRS
30 L-GAAP
60 Tax
FI-AA
FI-GL
IFRS (Leading)
Postings
IFRS
local
GAAP
Tax
0L
N1
N2
0L
--
--
--
N1
--
--
--
N2
local GAAP
0L
Tax
N1
N2
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52
Document Entry:
AR Accountant
8.500
(Assumption:
Net book value IFRS 8.000-, local GAAP 9.000,-, Tax 9.500)
Generated documents:
(5) With LG Blank
(6) With LG 0L
(7) With LG N1
(8) With LG N2
(IFRS)
(local GAAP)
(Tax)
BLANK
01
Account Receivable
140000
8.500
50
820000
8.500
IFRS
40
Clearing Acc.Asset Retirement
825000
8.500
75
Machines
13000
8.000
50
Gain/Loss
2xxxxx
500
LGAAP
40
Clearing Acc.Asset Retirement
825000
8.500
75
Machines
13001
9.000
40
Gain/Loss
2xxxxx
500
LGAAP
40
Clearing Acc.Asset Retirement
825000
8.500
75
Machines
13001
9.500
40
Gain/Loss
2xxxxx
1000
Public
53
5) 8.500
Asset Reconcilation
7) 8.500
5) 8.500
8) 8.500
5) 8.500
Gain/Loss
6) 500
Acc.Depr.
Acc.Depr.
8) 500 4) 500
L-GAAP
Gain/Loss
Depr.Exp.
Asset Reconcilation
5) 8.500
Depr.Exp.
Asset Reconcilation
5) 8.500
Acc.Depr.
7) 500
Tax
Gain/Loss
Depr.Exp.
4) 500
8) 1000
Public
54
As investment measure:
The costs are collected and capitalized/settled to the asset. They are assigned
to the depreciation area on the basis of the combination of capitalization key
and capitalization version. In this way, different percentages of capitalization
can be applied.
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FI-GL
01 IFRS
30 L-GAAP
60 Tax
FI-AA
IFRS (Leading)
local GAAP
0L
Tax
N1
N2
Postings
IFRS
local
GAAP
Tax
0L
--
--
--
N1
--
--
--
N2
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Process
flow:
Assumptions:
Freight Costs are capitalized under
IFRS only
100% of other expenses are
capitalized under IFRS and local
GAAP
80% of other expenses are
capitalized under Tax Law.
Other expenses,
Freight costs
Investm.
Order
Ext. Procurement,
Production costs
Settlement
AuC, Asset
(IFRS)
IFRS
Machines
70
50
50
local GAAP
70
Machines
32000
10.000
50
Other Expenses
415000
10.000
70
Tax
Machines
32000
8.000
50
Other Expenses
415000
8.000
32000
10.200
Other Expenses
415000
10.000
Freight Expenses
472000
200
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Asset Reconcilation.
(1) 10.200
(e.g. freight costs not capitalized for local GAAP and Tax)
Other expenses
Freight expenses
(1) 10.000
(2) 10.000
Tax
Asset Reconcilation
(3) 8.000
(1) 200
L-GAAP
Asset Reconcilation
(2) 10.000
IFRS
(3) 8.000
LG 0L (IFRS)
LG N1 (local GAAP)
LG N2 (Tax)
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The maximum low-value asset amount is defined in the country data (OA08)
(the country key has been assigned to the company code). It can as well be defined per company code
and depreciation area (OAYK).
Assets with APC that are smaller or equal to the smallest LVA value of all accounting principles are
capitalized in an asset class and depreciated immediately.
All assets that are greater than the smallest LVA value of all accounting principles are created in a second
asset class. Whereas in one area immediate depreciation occurs at 100%, depreciation is performed in
another area corresponding to the useful life. Changes to the respective depreciation key and the useful
life need to be made manually in the asset master record for each depreciation area.
FI-GL
01 IFRS
30 L-GAAP
60 Tax
FI-AA
IFRS (Leading)
Postings
local GAAP
0L
Tax
N1
N2
IFRS
local
GAAP
Tax
0L
--
--
--
N1
--
--
--
N2
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Only relevant accounting principles need to be represented on the asset or on asset class
by their corresponding depreciation areas
All transactions issued within FIAA will affect the capitalization only for those accounting
principles which are relevant for the involved asset(s).
P&L postings for all other accounting principles have to be handled manually by the end user
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Due to the necessity to balance the technical clearing account, for each accounting principle
assigned to the chart of depreciation a separate document has to be posted.
If a certain 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 expense (KTNAIB)
If no accounting principle is represented on the asset by an area which posts APC online to GL, the
system issues an error can be changed into warning, then statistical areas in FI-AA will be
updated
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For those accounting principles which are not represented on the asset by an area which posts APC
online to GL, the revenue will remain on the manually entered revenue account. The end user might
need to manually transfer this value to a different P&L account.
If no ledger group is represented on the asset by an area which posts APC online to GL, the system
issues an error (which can be changed into warning, then statistical areas in FI-AA will be updated)
Due to the P&L posting of acquisition costs during integrated acquisitions, the system has to check
that no other depreciation area in this accounting principle posts depreciation to GL. Otherwise, the
expense amounts in the P&L statement would be doubled over the useful life of the asset
If such a setup is found, the system issues an error message. This message can be changed into a
warning, e.g. if the asset is not used for integrated acquisitions
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Summary
You should now be able to explain how Parallel Accounting for
Fixed Assets can be portrayed using General Ledger Accounting
(new) under both, Account and Ledger Approach. In detail you
should be able to explain
the necessary configuration on the level of depreciation areas
the fundamental valuation decisions to be taken,
Configure the
the degree to which different Fiscal Year Variants per valuation are
supported by SAP Accounting
how the Balance Sheet is affected by FI-AA-processes:
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