Version 2008 - ABAS Software AG

3.15. Fixed asset accounting
The fixed assets module of abas ERP is used in a flexible manner to
manage the company's fixed assets on an inventory basis - regardless of
the sector of industry. All evaluations required for the year-end closing
are included, e.g. the fixed assets movement schedule.
Imputed depreciations can be carried out in addition to the tax
depreciations The fixed asset accounting is integrated in the financial
accounting and cost accounting by abas ERP. Fixed assets are, for
example, posted directly via financial entries and the imputed
depreciations are adopted into cost accounting via statistical entries. A
large amount of relevant data and figures can be extracted from the
system and a useful overview covering quantity and quality can be
created at any time for the existing fixed assets. The fixed asset
accounting module has been developed for the German fiscal law. If it
can be used under different legal norms has to be examined case by
case. However, it is already used in some other countries.
3.15.1. Fixed assets
Fixed assets are the heart of the fixed asset accounting. Assets are
defined, prepared for evaluation and created (all evaluations are created
via the fixed assets) using the "Fixed asset" records. Data relating to
acquisitions, depreciation, retirement and transaction figures is displayed
and administrated in the fixed asset record, in addition to the general
properties.
Different depreciation procedure for each set of books
Several sets of books can be used in one client in order to create
financial reports according to different accounting regulations, e.g. HGB
or IAS/IFRS. As the fixed assets can be depreciated in different ways in
each accounting regulation, a different depreciation procedure can be
defined for each set of books in the fixed asset.
For each depreciation method you can, for example, define the method
of depreciation, the useful life and the depreciation start. The acquisition
and production costs can be adopted and posted in different ways for
each set of books. The account assignment for the fixed assets is the
same for all sets of
books.
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2008
2008