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Assets Integration in New General Ledger

1. Assets in the new General Ledger cannot directly be assigned profit centers/segments, so they must be derived from cost centers or orders linked to the asset and maintained in its time-dependent data. 2. To derive the cost center on financial documents and transfer it to the new General Ledger, the cost center field must be set to 'optional' and the account assignment types must be defined in customizing. 3. Post-capitalization of cash discounts to assets is only possible if document splitting is active, which is defined in customizing under document splitting and post-capitalization of cash discounts to assets.

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Mahmoud Habeeb
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161 views

Assets Integration in New General Ledger

1. Assets in the new General Ledger cannot directly be assigned profit centers/segments, so they must be derived from cost centers or orders linked to the asset and maintained in its time-dependent data. 2. To derive the cost center on financial documents and transfer it to the new General Ledger, the cost center field must be set to 'optional' and the account assignment types must be defined in customizing. 3. Post-capitalization of cash discounts to assets is only possible if document splitting is active, which is defined in customizing under document splitting and post-capitalization of cash discounts to assets.

Uploaded by

Mahmoud Habeeb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Assets Integration in new General ledger

1. From the AC210 course you will see that the new entities within New general ledger accounting such as the
profit center/segment cannot be directly assigned to assets in asset master data. Therefore it has to be derived
from cost center or order that is linked to asset. This is maintained in the time-dependent data of the asset.


2. To derive the cost center on FI document and then onto NewGL, it is
necessary to:
Set cost center field 'optional' in field status (trx. OB14 & OB41)
-> for reconciliation GL account used for asset.
3. The account assignment types are defined in customizing in Asset Accounting under Financial accounting new
->Asset Accounting -> Integration with the New General ledger -> Additional Account assignment objects ->
Specify additional account assignment objects
Post-Capitalization of cash discount to Asset
Post-Capitalization of cash discount to asset is only possible if document splitting is active.
This is defined in customizing under spro -> Financial accounting (New) -> General ledger Accounting (new) ->
Business transactions -> Document splitting -> Define Post Capitalization of Cash discount to Assets. From the
IMG Activity documentation you will see the following stated
Define Post-Capitalization of Cash Discount to Assets
Use
In this IMG activity, you define whether the cash discount that is applied in the payment of a asset-relevant invoice
should be capitalized to the asset. When you select this setting, the cash discount amount is not posted to the
cash discount account in the payment document, but instead directly to the asset.
Example:
1. Invoice created with F-90


You will note that the cost center is not displayed in the entry or the new General ledger view. The asset balance
sheet value is not forwarded to a CO account assignment object. See note 395762
2. Payment F-53


3. Review AW01N

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