Assets Management Lab
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AssetsAssets ManagementManagement
EGN 5622 Enterprise Systems IntegrationEGN 5622 Enterprise Systems Integration Spring, 2013Spring, 2013
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Assets ManageAssets Managementment
Concepts & TeoriesConcepts & Teories
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Asset Acco!ntingAsset Acco!nting
Concerned with tracking the financialconsequences associated with the entirelifecycle of an asset, from acquisition todisposal (retirement).
Assets can be categorized as tangible,intangible, and financial
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Asset Acco!nting C"assi#icationAsset Acco!nting C"assi#ication
Tangible assets !i"ed assets
#eased assets
Assets under construction
$ntangible assets $ntellectual property %atents
Trademarks
!inancial assets &ecurities
#ong term notes (debts)
'ortgages
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Asset Acco!nting ComponentsAsset Acco!nting Components
Asset Asset
accountingaccounting
IntangibleIntangible
assetsassets
TangibleTangible
assetsassetsFinancialFinancial
assetsassets
- Fixed assets- Fixed assets- Leased assetsLeased assets- Assets under Assets under
constructionconstruction
- IntellectualIntellectual
propertyproperty- PatentsPatents-TrademarksTrademarks
- SecuritiesSecurities- Long termLong term
notes (debtsnotes (debts
- !ortgages- !ortgages
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Asset Acco!nting in corporateAsset Acco!nting in corporate
#inancia" str!ct!re#inancia" str!ct!re
Chart of Accountseneral #edger Accounts
alance sheet accounts
$ncome statement accounts
*econciliation accounts&ubsidiary ledgers (sub ledgers)
Accounts *ecei+able (customers)
Accounts %ayable (+endors)
Assets
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Asset Acco!ntingAsset Acco!ntingAssets are assigned to
company code
usiness area
Accounting data of assets are maintained in assetsubledger accounts.
-.g. Acquisition costs and depreciationAsset s!$%"eger acco!nts are create when
asset master recor is create and associate'it a reconci"iation acco!nt in the generalledger
S!$%"eger acco!nt and te master recorshare the same acco!nt n!m$er
Companies maintain separate reconciliationaccounts for different types of assets
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E(amp"e o# Asset Acco!nts in G)E(amp"e o# Asset Acco!nts in G)
$$
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Asset Acco!nts *AA+ Str!ct!reAsset Acco!nts *AA+ Str!ct!re
E(amp"eE(amp"e
%%
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Asset Management *)i#ecyc"e+Asset Management *)i#ecyc"e+
Asset master Asset master
creation (AAcreation (AA
&endor master &endor master
'utgoing'utgoing
paymentpayment
Asset Asset
Transer (AATranser (AA
)it*in+outside)it*in+outside
,ompany code,ompany code
Asset Asset
Addition Addition
(AA(AA
Asset Asset
Acuisition Acuisition
(AA(AA&endor in.oice&endor in.oice
/xternal/xternal
,ost center ,ost center
Asset Asset
0eport0eport (AA(AA
,ustomer+Scraping,ustomer+Scraping
1epreciation1epreciation
,*arge,*arge
Asset Asset
0etirement0etirement
(AA(AA
,ustomer,ustomer
PaymentPayment,ustomer,ustomer
In.oiceIn.oice
,ustomer,ustomer
!aster !aster
2usiness2usiness Area Area
Plant+locationPlant+location
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Maor Acti-ities in AssetMaor Acti-ities in Asset
Management *)i#ecyc"e+Management *)i#ecyc"e+Asset AcquisitionAsset epreciation
Asset *etirement
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Asset Ac.!isitionAsset Ac.!isitionAsset acquisition is concerned with acquiring assets
+ia internal or e"ternal processes $nternal/ production process or pro0ect systems
-"ternal/ 1 e"ternal options for purchasing assets,
%urchase from an established +endor using the purchasing process(different # accounts)
%urchase from an established +endor without using the purchasingprocess (manual entry in # and subledger2 similar to A%accounting)
%urchase from a onetime +endor or a +endor for whom master dataare not maintained (+ia clearing account).
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Asset Ac.!isition /it a C"earingAsset Ac.!isition /it a C"earing
Acco!ntAcco!nt
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Asset epreciationAsset epreciationAsset depreciation is concerned with the
decrease in the +alue of an asset o+er timeepreciation can be planned or unplannedepreciation methods are used
&traight line ouble declining balance
3seful life*esidual +alue
ook +alueepreciation areas/ parallel +aluation
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Straigt )ine epreciationStraigt )ine epreciation
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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o!$"e ec"ining a"anceo!$"e ec"ining a"ance
epreciationepreciation
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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inancia" Statements ase oninancia" Statements ase on
epreciation Areas *para""e"epreciation Areas *para""e"-a"!ation+-a"!ation+
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Asset etirementAsset etirement
Concerned with the disposal orretirement of an asset after its usefullife
*etirement may be/ *e+enue generating (sold)
4onre+enue generating (scrapped)
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Asset E(p"orerAsset E(p"orer
Asset e"plorer pro+ides an o+er+iew of allacti+ities related to the asset, including/ Acquisition data
%lanned and posted depreciation
rilldown details for/ 'aster data
Transactions
ocuments
epreciation posting run (for an assumeduseful life)
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Asset E(p"orerAsset E(p"orer
The asset e"plorer can/show all the +alues of a fi"ed assetdisplay +arious forms of summarized
information for decision making
display connections from the Asset-"plorer to the 5# accounts, +endoraccounts, the cost center, and the %urchase6rder of the Asset
display planned +alues are, as well as+alues already posted for analyzing asset+alues
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Asset E(p"orer Inter#aceAsset E(p"orer Inter#ace
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Asset management "in4e toAsset management "in4e to
#inancia" acco!nting#inancia" acco!nting
!agal and )ord 5 Integrated!agal and )ord 5 Integrated
2usiness Processes 6it* /0P2usiness Processes 6it* /0PSystems 5 7 8Systems 5 7 8
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Assets ManagementAssets Management
SA Imp"ementationSA Imp"ementation
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R/3
SA Mo!"e ie'SA Mo!"e ie'
Integrated SolutionClient / Server
Open Systems
Financial Accounting
,ontrolling
Fixed Assets
!gmt;
Prouman0esources
Plant
!aintenance
?uality
!gmt;
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Create Asset MasterCreate Asset Master
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Create Asset MasterCreate Asset Master
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!rcasing an Asset!rcasing an Asset
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'ne 6ay to skip t*e step o creating an Asset in t*e books is to directly go
to t*e Purc*ase 'rder: and click t*e button pointed to;
!rcasing an Asset!rcasing an Asset
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ecei-ing an Assetecei-ing an Asset
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In-oicing an AssetIn-oicing an Asset
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Asset E(p"orer *Comparison+Asset E(p"orer *Comparison+
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Asset E(p"orer *arameters+Asset E(p"orer *arameters+
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Asset E(p"orer *Sim!"ation+Asset E(p"orer *Sim!"ation+
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Asset E(p"orer *Sim!"ation+Asset E(p"orer *Sim!"ation+
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eat!res o# te Asset E(p"orereat!res o# te Asset E(p"orer
>eader@ 6*ere you enter
t*e company code and
asset number (Structure
'.er.ie6 tree@ allo6s
you to na.igate
bet6een t*e dierent
depreciation options
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More eat!res o# Asset E(p"orerMore eat!res o# Asset E(p"orer
'.er.ie6 tree@ displays
ob
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SASA IESIES C"ient, 7seri, ass'orC"ient, 7seri, ass'or
-"ercises for Assets Management/
Client/ 778
Application ser+er/ budapest.cob.csuchico.edu&ystem number/ 91&ystem $/ %
3serid8 ies%061 to ies%092$nitial %assword8 SA:7S
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;/ Assignment;/ Assignment *!e ate 2