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Version 2008 - ABAS Software AG

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3.15. Fixed asset accounting<br />

The fixed assets module of abas ERP is used in a flexible manner to<br />

manage the company's fixed assets on an inventory basis - regardless of<br />

the sector of industry. All evaluations required for the year-end closing<br />

are included, e.g. the fixed assets movement schedule.<br />

Imputed depreciations can be carried out in addition to the tax<br />

depreciations The fixed asset accounting is integrated in the financial<br />

accounting and cost accounting by abas ERP. Fixed assets are, for<br />

example, posted directly via financial entries and the imputed<br />

depreciations are adopted into cost accounting via statistical entries. A<br />

large amount of relevant data and figures can be extracted from the<br />

system and a useful overview covering quantity and quality can be<br />

created at any time for the existing fixed assets. The fixed asset<br />

accounting module has been developed for the German fiscal law. If it<br />

can be used under different legal norms has to be examined case by<br />

case. However, it is already used in some other countries.<br />

3.15.1. Fixed assets<br />

Fixed assets are the heart of the fixed asset accounting. Assets are<br />

defined, prepared for evaluation and created (all evaluations are created<br />

via the fixed assets) using the "Fixed asset" records. Data relating to<br />

acquisitions, depreciation, retirement and transaction figures is displayed<br />

and administrated in the fixed asset record, in addition to the general<br />

properties.<br />

Different depreciation procedure for each set of books<br />

Several sets of books can be used in one client in order to create<br />

financial reports according to different accounting regulations, e.g. HGB<br />

or IAS/IFRS. As the fixed assets can be depreciated in different ways in<br />

each accounting regulation, a different depreciation procedure can be<br />

defined for each set of books in the fixed asset.<br />

For each depreciation method you can, for example, define the method<br />

of depreciation, the useful life and the depreciation start. The acquisition<br />

and production costs can be adopted and posted in different ways for<br />

each set of books. The account assignment for the fixed assets is the<br />

same for all sets of<br />

books.<br />

114/140<br />

<strong>2008</strong><br />

<strong>2008</strong>

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