BAO6714
Computerised Accounting in an ERP System
BAO6714 - Major Assignment: Configuration of Asset Accounting (30 marks)
There are 3 parts to this assignment:
 Asset Accounting transactions (60%)
 Explain any difference between the manual system and SAP (10%)
 Research advantages of asset accounting and discuss 2 multinationals that have
experienced these advantages (30%)
Before you start the assignment ensure you do the following, make sure you read the assignment
guidelines thoroughly and carry out any preliminary configuration.
Part 1
See additional information below
Before you commence this project, you must complete Module 7.
The following transactions involve your company CXXX. Please note all transactions are for the
2013 year (unless I have given permission otherwise). For your vendors and customers you may
prefill with any data of your choice, eg. Address etc.) Cash management group is always A1. The
cost center in all cases is CXXX_S_DSK.
BAO6714 ASSIGNMENT
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1
3.1.2013
2
29.1.2013
3
2.2.2013
4
16.2.2013
5
6
7
22.2.2013
28.2.2013
6.5.2013
8
9
1.9.2013
2.10.2013
BAO6714 ASSIGNMENT
Computerised Accounting in an ERP System
Purchased 3 identical Ford Utes for delivery purposes from your
local dealer FORDXXX (where XXX is your last 3 digits of
your login). The payment terms are net 30 days. Each vehicle
cost $45,500. The price includes stamp duty and $500
registration per vehicle. The registration numbers are: ABC100,
ABC200,ABC300. The registration will be paid to the local
vehicle registration centre, SROADXXX(where XXX is your
last 3 digits of your login)
Each vehicle will be depreciated using depreciation key DG20.
(DG20 is the straight line deprecation rate x 2).
Please note that the vehicle registration costs must be posted to
GL account 720500 Motor Vehicle expenses and all payments
must be made via the GL account 200000 Bank
The company auditors valued CXXX patents at $50,000.
Previously patents were never recorded in the company’s
financial statements but now need to be capitalised. The patents
will not be depreciated as it is believed that they will increase in
value rather than depreciate.
Paid FORDXXX for the vehicles purchased on 3 Jan
Purchased 2 display cabinets for the showroom costing $12,000
each from IKEAXXX (where XXX is your last 3 digits of your
login). A further $100 was charged by the same vendor for
delivery of both items. Payment terms are net 30 days or 2%
discount if paid in 20 days. The display cabinets have a useful
life of 10 years and a residual value of 1,000 each. The display
cabinets are capitalized using the NET method.
Use Fixtures and Fittings as your asset class.
FENCINGXXX (where XXX is your last 3 digits of your login)
installed a fence around the company property at a cost of
$20,000. Payment terms payable immediately, due net. The
fence is to be depreciated using the reducing balance method at
a rate of 32.0%.
Paid the vendor for the display cabinets
Ran depreciation for the months of February and March 2014
The company commenced construction of a new warehouse.
Construction costs paid to various vendors are: Materials
$15,000, Permits $2,500, Architect fees $1,900. The warehouse
is expected to have a useful life of 20 years. Straight line
depreciation is to be used (when the warehouse is complete).
Vendors are as follows: MatWXXX for materials,
DPermitXXX for permits and ArchXXX for permits.
Sold one of the display cabinets for $10,000 for CASH.
ABC100 was involved in a serious accident on the Bolte Bridge.
The company had not taken out insurance on the Ute and hence
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30.10.2013
Computerised Accounting in an ERP System
it had to be written-off without any compensation.
Ran depreciation for month of October 2014
Required:
(1)
Using the SAP R/3 system and your company code CXXX, complete the above 10
transactions.
PART 2
(2)
For each of the 10 transactions, briefly explain:
- How you expect SAP to handle the transaction. This may involve some manual
calculations such as asset value and depreciation
- How the SAP system handled the transaction
- Whether the SAP system handled the transaction correctly, and if not, the possible
reasons why.
- Include one SAP screen shot for each transaction (screen shot of your choice).
You may wish to place your screenshot first and then complete the following table:
Transaction Expected result
1
Dr. Land 100000
Cr. Vendor 100000
Expected
SAP result
Depreciation
Nil
Nil
Comments
No difference
PART 3
(3)
Discuss the advantages that large multinationals obtain from using SAP ERP Financials
with Asset accounting. In your discussion cite two multi-nationals and the benefits they
have achieved. You could focus on benefits like, asset maintenance, structured
management reporting, data integration, asset management, compliance, automation of
calculations etc.
Additional Information
1. There will be limited support to be fair to all students. If you experience any issues that are
technical in nature then we will be able to assist. Ensure you email a screen shot with the
relevant codes for structures/data used.
2. You must use the following cost center for all transactions if requested: CXXX_S_DSK
3. You are to make up your own vendor and customer master data where relevant
4. The assignment is to be no more than 15 pages in length (pages beyond 15 will not be
marked).
5. The emphasis of this assignment is on testing. You can enter as many test transactions in
your company as you wish.
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Computerised Accounting in an ERP System
6. Part 3 must have at least 5 references of different types, eg. Internet, journal articles, books
etc. The use of tables and diagrams may be used to support you answer.
7. All tables and diagrams and screenshots will not be counted towards the page limit.
8. Assignments must be submitted to Turnitin by midnight on the date due.(Week 12 of lecture
day)
9. No student assignments must be identical or similar. The penalty for collusion is to receive a
mark of zero. This is irrespective of whether you have given your work to someone else, or
used someone else’s work.
10. Consider this assignment as a take home exam, no extensions will be granted.
Due date:
Week 12, of lecture day midnight
Marks:
30 marks.
Late Penalty:
10% of maximum marks (3 marks) per day late.
MARKING GUIDE
PART 1/2
NO.
Asset
Class
0.5
Amount
0.5
SAP SYSTEM
Trans.
Dep. Key
0.5
0.5
Execut.
0.5
Expected
Result
2
MANUAL
Discussion
Mark
0.5
5
1
2
3
4
5
6
7
8
9
10
PART 3
Discuss the benefits/advantages of Asset accounting in SAP Financials. General discussion and
then show how 2 Multi-Nationals have benefited based on these advantages/benefits
discussed/researched. A short introduction of 5 lines and a conclusion of 5 lines.
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Introduction
Discussion – benefits of AA
Computerised Accounting in an ERP System
5
asset maintenance, structured management reporting, data integration, asset
15
management, compliance, automation of calculations etc.
Two companies – and benefits
Tables, illustrations, diagrams
Reference and citations
Grammar and spelling
Conclusion
Total
BAO6714 ASSIGNMENT
15
5
10
5
5
60/2 = 30
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