Component: FI-AA
Component Name: Asset Accounting
Description: The items on the liabilities side of the balance sheet that occur as a result of using special tax depreciation. In many countries, you are permitted to use tax valuations in the balance sheet. However, for the origin of values to be clear to the person reading the balance sheet, book depreciation is shown on the assets side of the balance sheet, and the tax depreciation that exceeds it is shown as a special item on the liabilities side of the balance sheet. As a result of the tax deferral effect, these special items have the character of equity, and can therefore be interpreted as special reserves on the liabilities side.
Key Concepts: Special items with reserve are a type of asset in SAP FI-AA Asset Accounting. They are assets that are not intended for sale, but rather for use in the company’s operations. Examples of special items with reserve include machinery, equipment, and vehicles. How to use it: In SAP FI-AA Asset Accounting, special items with reserve are recorded as assets in the company’s books. The value of the asset is recorded as a reserve, which is then used to offset the cost of the asset over its useful life. The reserve is then amortized over the useful life of the asset. Tips & Tricks: When recording special items with reserve in SAP FI-AA Asset Accounting, it is important to ensure that the correct depreciation method is used. This will ensure that the correct amount of depreciation is recorded each period and that the asset’s value is accurately reflected in the company’s books. Related Information: For more information on special items with reserve in SAP FI-AA Asset Accounting, please refer to SAP Help documentation or contact your local SAP consultant.
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