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Defining Account Determination

<div id="content"><div class="parentsection"><div class="section"><p tabindex="0">Even though Maxine is always ready to assist, she wonders why Kevin needs to create a new asset class.</p><div class="kalturaVideoLessonWrapper"><div aria-label="" class="kalturaVideoLessonContainer" data-testid="video" id="1_5wmin0ju"></div></div></div></div></div>

Account Determination

<div id="content"><div class="section"><p tabindex="0">Assist Kevin in creating a new account determination for special machinery and assigns the balance sheet accounts. Rest assured, Maxine will be there to guide the both of you throughout the process.</p><div class="simulationTile exercise"><div class="content"><span class="simulationLabel">Exercise</span><a href="https://learnsap.enable-now.cloud.sap/pub/mmcp/index.html?library=library.txt&amp;show=project!PR_9174F8FD09E04F95:uebung" target="blank" class="simulationButton">Start Exercise</a></div><div class="simulationImage"><img src="/illustrations/simulation-exercise.svg" alt="Define the account determination, Assign G/L accounts to account determination" class="no-zoom"></div></div></div></div>

How to Configure a New Account Determination

Designing the Asset Accounting Process in SAP S/4HANA

Configuring an Asset Account Determination

Hi, Kevin. Good to talk to you again. I was wondering why you want to create a new asset class. SAP provides a lot of asset classes. I need an asset class for special machinery. This special machinery should be kept separate from normal machines in the accounts. Do you know how the asset class can be linked with the accounts? Yes, of course. We can define a new asset class and a new account determination. Are there already special machines in the Asset Inventory? Yes, there are some special machines that have already been activated in the Asset Inventory. I'm able to rebook these machines to the new asset class. But where can I test the settings of new asset classes? We first test the settings in the Quality Assurance System before we use them in the Production System. Alright. Where do we start? I will share my screen with you to explain this in more detail. First, we define the account determination in the Define Account Determination step in the SSCUI. We need a key and a designation. so we could employ Z16000-3 for special machines. Could you guide me to where the accounts are maintained? The accounts are stored under Assigned GL Accounts within the SSCUIs. A notable feature is that accounts can be tailor-made to every chart of accounts. This facilitates the use of the same asset class across various operational charts of accounts. The asterisk can be used as a generic entry in the valuation view column to assign general ledger accounts to all valuation views. However, we can also assign different accounts for specific valuation views. What does valuation view mean? The term is new to me. Let me show you the context. By using Entry 0 IFRS underscore 0032, I can make changes to the IFRS accounting standard for all company codes. The posting is made in ledger 2L. Similarly, a specific change for valuation area 01 of company code 1010 can be made using Entry 0 DE0001. In this case, the posting is made in ledger 0L. The valuation views are linked to the depreciation areas. Okay, that's clear. So basically, I sort out the assets as per their depreciation areas, right? My plan is to have this special machinery asset class available for all accounting standards and company codes. Guess the valuation view would be a perfect fit for this, wouldn't it? It's best if you copy all entries for Machinery 160020. After that, we can change an account assignment for the Asset Inventory Account and Value Adjustment Account, sometimes also called a symbolic account. What do the different symbolic accounts like KT, A, and SW mean? These are placeholders for an account from the Asset Accounting Account Determination or for a standard account. Look at the description of symbolic accounts. Do you find the appropriate code for the symbolic accounts you need to maintain? I need to maintain the following symbolic accounts. KTNSW Balance Sheet Account, Acquisition and Production Costs with GL Account 16002000 and KTNAFB Accumulated Depreciation Account for Ordinary Depreciation with GL Account 17002000. Can you help me with that? Let's do it together. I'll help you with the individual steps.