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There is a simplified version of the implementation guide available for FI-AA. It contains all the steps you need for a quick minimal configuration of the Asset Accounting component. After you have completed all the activities in this segment, the component is ready for production startup. You could use this function to configure FI-AA in a small company that uses the standard asset accounting functionalities with a small asset class catalog. If you need any of the following functions, you have to use the more comprehensive SAP Reference IMG for Asset Accounting: Depreciation areas in foreign currencies Requirements for consolidation of a corporate group Group assets (assets that are depreciated in a group, a technique that is used in the US and Canada) see slide Functions Of The Asset Class. Definition of your own depreciation keys, transaction types, reports (in addition to those provided in the standard system). In the application menu: Tools Current settings you will find configuration steps that you may need in your day-to-day work. You will value your fixed assets for various business and legal purposes (for example, book depreciation, tax depreciation, cost-accounting depreciation, and so on). With FI-AA you can manage different values of fixed assets in the depreciation areas. The chart of depreciation is a catalog of country-specific depreciation areas structured according to various business aspects. You can specify the attributes of each individual depreciation area. SAP supplies charts of depreciation as references that are based on the requirements of each country. The charts of depreciation are supplied for your reference only. You can create a new chart of depreciation by copying one of the reference charts of depreciation. In your chart of depreciation you can delete the depreciation areas you do not need. This must be done before any assets are created. You assign your chart of depreciation to your company code. The depreciation area

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