Assigning Management Accounting Objects to Fixed Assets

Objective

After completing this lesson, you will be able to outline the integration between asset and management accounting

Cost Accounting Assignment

Cost accounting assigns asset depreciation to cost centers, vehicles, or orders within company codes and controlling areas for client financial management.

In the asset master record, you can assign the following controlling objects (CO):

  • Cost center

  • Order (internal): real or statistical

  • Activity type: purely statistical information

These CO objects are assigned to the controlling area and, therefore, may be relevant for one or more company codes.

Hint

It is possible to assign objects from other applications (with controlling functions) in addition to the purely CO objects.

Examples of these objects are as follows:

  • Work breakdown structure (WBS) element

  • Real estate object

  • Maintenance order: purely statistical information

  • Objects from Public Sector Management (PSM)

The depreciation from any depreciation area can be posted to the following CO objects:

  • Cost center

  • Real order

  • Cost center and statistical order

  • WBS element

  • Cost center and statistical WBS element

  • Real estate object

  • Objects from PSM

However, it is not possible to assign an asset to two cost centers.

Hint

You can assign an asset to a (real) order that can then be (periodically) settled to the respective cost centers.

Summary

  • Assign controlling objects like cost centers and internal orders to asset master records.
  • Depreciation can be posted to various CO objects.
  • Asset assignment to multiple cost centers is not possible.

Learning

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