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Managing Assets Intelligently with Rizing

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  1. How to Comply with the Provisions of IFRS while Recording Capital Asset Transactions in SAP ECC 6.0

    Reading time: 25 mins

    Learn key adjustments that are required to make capital asset management compliant with International Financial Reporting Standards (IFRS). See the changes you need to make in SAP ERP Central Component (SAP ECC) 6.0 while transitioning from US Generally Accepted Accounting Principles (GAAP). Key Concept An organization needs to make adjustments in accounting for financial transactions...…

  2. Achieving Effective and Efficient Asset Management

    In heavy asset intensive industries from manufacturing and processing facilities through to Rail, Aerospace, Utilities, Oil & Gas and Mining operations, the largest operational expense beyond the CAPEX of building the plant resides in maintaining the equipment required to do the job. This content is for SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium…

  3. Capitalize Assets with Budget Monitoring Using Statistical Internal Orders

    See a method of direct capitalization with budgetary control that eliminates the need to post to the internal order and settle it. This method is best suited for simple budget monitoring of certain groups of assets — for example, lump sum budgets for furniture and fittings. Key Concept In an SAP system, assets are capitalized...…

  5. Improve Your Asset Reporting with Two Overlooked Tools

    Preview this excerpt from Thomas Michael’s SAP PRESS book Reporting for SAP Asset Accounting to see some key reporting features in Asset Accounting (FI-AA). The book reviews both the various kinds of standard reports available and some important reporting tools that users often overlook. Key Concept Simulation versions are functions that allow you to consider...…

  6. Inflation-Based Revaluation of Fixed Assets

    Learn the configuration done for monthly inflation-based revaluation. This configuration needs slight changes based on the frequency and inflation calculation methodology required for a specific implementation. Key Concept Inflation-based revaluation is a statutory requirement for several high-inflation countries. These countries publish an inflation index for revaluation of the fixed asset base of the company. In...…

  7. AUC with Investment Measure Using Work Breakdown Structure

    FinancialsLearn how to implement assets under construction (AUC) with the Investment Management module using work breakdown structure (WBS). Follow a detailed discussion of the settlement process. Key Concept A work breakdown structure (WBS) element with its assets under construction (AUCs) can be termed as an investment measure. In simple terms, an AUC is created to...…

  8. How to Set Up and Process Leased Assets

    Learn how to configure leased assets to make sure that not only depreciation is posted but also the interest and the periodic payments. Key Concept In SAP Asset Accounting (FI–AA) you can maintain several kinds of assets. One particular kind is the leased asset. Besides the standard fixed-asset functionality for this kind of asset, the...…

  10. Create Multiple Assets with Individual Characteristics in One Step

    Learn how to customize the functionality required to simultaneously create multiple assets and still be able to maintain specific data for each individual asset. Key Concept Within Asset Accounting (FI-AA), you can create one asset at a time or multiple assets simultaneously. Since the release of R/3 4.0A, SAP supports simultaneous creation of multiple assets....…

  11. Enhancement Package 5 Includes Fixed Asset Segment Reporting Improvements

    New features in enhancement package 5 change the way you report fixed assets. Walk through some of these features and see how they’ll affect you. Key Concept SAP ERP 6.0 enhancement package 5 includes new functionality in the Asset Accounting (FI-AA) area related to reorganization capabilities. SAP has extended the account assignment options to include...…

  12. How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards

    Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more. Key Concept International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) guide global financial...…

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