BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In Asset Accounting, you can handle parallel accounting using depreciation areas.

Detailed explanation-2: -Parallel Valuation of Material Stocks. You can valuate the cost of goods manufactured using multiple accounting principles. The accounting principles determine the valuation approaches. In Asset Accounting and in Cost Center Accounting, For actual price calculation.

Detailed explanation-3: -Therefore, you can manage values for assets in parallel in up to 99 depreciation areas in Asset Accounting. The chart of depreciation, therefore, is a directory of depreciation areas organized according to business management requirements.

Detailed explanation-4: -In an SAP S/4HANA Finance system, you create a depreciation area for each additional currency type maintained on the ledger/company code level so that values are available in all relevant currencies. The depreciation areas are identified by two-digit numeric keys. You should assign a meaningful description to the area.

Detailed explanation-5: -Accounting-principle-specific documents are generated for each valuation. In the case of the ledger approach, these documents are posted to separate ledgers. In the case of the accounts approach, these documents are posted to parallel account sets within the same ledger of General Ledger Accounting.