Mohammed Abubaker. Hi Pardha, Thanks for providing valuable information Regards Abubaker. Like 0 Share. Right click and copy the link to share this comment.
Pardhasaradhi Reddy. Chelikam Blog Post Author. Hi, You are welcome! Regards, Pardha Reddy. Carolina Vizcaino. Thanks a lot in advance. Best regards, Carolina. Hi Carolina, Thank you for taking your time to read and leave your valuable comment!
To answer your second question, I am sorry…I do not have an idea. Thanks for the info. Very helpful! Hi Prashant, Thank you for taking your time to read and leave your valuable comment! Great Insight. Hi Kumar Garu, Thank you for taking your time to read and leave your valuable comment! Faisal Khan. Regards Faisal Habib. Hi Faisal Habib, Thank you for taking your time to read and leave your valuable comment! IAM is a cloud based application and It must be procured with a different license agreement AIN - Enables collaborative Asset Management, which in turn results sharing best practices for maintenance of Equipment PAI - Enables early prediction of failures Potential Failures and helps organization to implement corrective actions and increases visibility ASPM - Enables evaluation strategy of asset performance with respect to maintenance cost and risk associated with it 2.
Yes, It does. As a Maintenance person, before you choose any of the maintenance software, I would like to recommend you that, consider your Investment Profile, Change Management strategy and also the need for transformation of your current maintenance program. I hope you got my point I can't thankyou enough for the precise and to the point replies to my queries.
I will definitely keep all your inputs in mind. Hi Faisal Habib, Thank you for your consideration and happy that, your queries were clarified Yes, Of Course Thanks for the clarification. Rohan Patel. Hello Faisal, I want to reach out and see if you would be interested in learning more about AsInt, Inc. Like 1 Share. Vineet Sharma. It is denoted by a two-digit key. Importantly, you may use more than one depreciation area to represent different asset valuations.
This is for cost accounting or legal reporting. Further, a chart of depreciation is made up of a list of such depreciation areas. This is always designed as the master depreciation area that supplies value to your balance sheet. It is also known as the Book Depreciation Area. This area also helps in automatic postings to FI.
Here, it uses the same currency as that of the company code. You cannot make this area adopt values or depreciation terms from other depreciation areas. Similarly, you cannot delete this area too. Noteworthy, When you transfer legacy data, you actually transfer only the values to this area. This area determines the new asset values. Consequently, it uses the value that has already been determined in other depreciation areas. For this, it uses some mathematical operations.
As far as reporting and field display are concerned, there is no difference between real or derived areas. However, if you specify that a particular derived area is only for reporting, and then the system does not subject that area to value checks. You need to ensure that posting values from depreciation area 01 are copied to the rest of the areas. While doing so, you can also define whether the transfer is mandatory or optional.
You can specify an area from which you need to transfer the depreciation terms to another area. As a result, it ensures uniform depreciation in the target areas.
Similarly, it also ensures that you do not have to maintain these terms in the asset master records. Tcode- OABD. For depreciating at the main asset number level, you must also maintain the screen layout rule. This you should do for each of the depreciation areas per asset class for a chart of depreciation. Thus, it really takes good efforts to properly understand this topic. Although practical knowledge is more important than theoretical. Several asset classes can use the same account assignment.
Specify Financial Statement Version for Asset Reports You specify which financial statement version the system is to use as a default per depreciation area.
This default applies when the financial statement version is contained in the sort version used for a given report. Alert Moderator. Alerting is not available for unauthorized users. Assigned Tags. Similar Blog Posts. Related Questions. You must be Logged on to comment or reply to a post. Muhammad Umar. Dear Jahzib, Its very informative and valuable document. Thanks for sharing. Regards Muhammad Umar. Like 0 Share. Right click and copy the link to share this comment.
Helping materiel for learner. It's helpful for the beginner of learning asset accounting. Former Member Blog Post Author. Ranu Eugene. Hi Jazib, Great work and great effort. Very good document and very helpful. Thanks Bro. Hi Jazib, Quite detailed document. Excellent work! Regards, Neel. Link Text.
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