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Asset Accounting manages, Financial method of accounting, work flow consolidation, & interactional reporting. |
the companies fixed assets. Accounting system, Asset Accounting serves as a sub-ledger to the GL, providing detailed information on asset-related transactions. Significant features include country-specific charts of depreciation complying among local legal! Requirements full support throughout the asset life cycle from acquisition to retirement, depreciation simulation & interest calculation, & integration among project Administration & order accounting in favor of Administration of capital assets. Asset Accounting also’ provides integration among Plant Maintenance in favor of Administration of machinery & equipment, Administration of leased assets & assets under construction, mass processing among workflow integration, & interactive reporting.
Lega/ consolidation
Consolidated financial statements need to be integrated effectively among operational data at the individual company Ievel. By using different valuation methods, you can plan balance sheet strategies to suit the company’s requirements. The Legal Consolidation sub-system is closely linked to the Financial Accounting system, permitting direct data transfer, from individual statements into the consolidated report. This eases the workload of the staff & reduces data entry errors. Into addition to the consolidated statements required by law, Legal Consolidation also allows you, to create multiple views of your consolidation data. Among these views you can generate reports about legal entities or segments of your Trade.
Controlling
The controlling system gathers the functions required in favor of effective internal cost accounting. among standard reports & analysis paths in favor of the most common questions. Into addition, there are features in favor of creating custom reports to supplement standard reports.
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