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Online SAP FICO Glossary

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Online SAP FICO Glossary



Depreciation is a method of allocating the cost of a fixed asset over its useful life.Depreciation is a method of allocating the cost of a fixed asset over its useful life.Every asset has some value. When you acquire an asset, you incur a certain expense, which for many assets could be quite significant. But you’re not allowed to immediately expense that cost in your financial statements.

Fiscal Year Variant

The fiscal year variant defines the fiscal periods and calendar assignments used to post documents in financial accounting.

Origin Group

An origin group identifies materials separately assigned to the same cost element, allowing them to be assigned to separate cost components. The origin group can also determine the calculation base for overhead in costing sheets.

Revaluation Run

 To post a revaluation run, you enter Transaction AR29N.

Year End Closing

In asset accounting in SAP S/4HANA, you perform technical steps to execute year end closing once a fiscal year is completed. People familiar with older SAP ERP releases will be accustomed to performing two steps in this year-end closing process.


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Tuesday, 03 October 2023

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