New Asset Accounting-what postings are generated in accounts based approach for Asset purchase under IFRS and GAAP? How GLs are determined ?

In New Asset Accounting, asset purchases under IFRS and GAAP trigger postings to acquisition, clearing, and depreciation accounts. General Ledgers (GLs) are determined through account determination configured in the asset account assignment. Similarly, Valid Nonprofit-Cloud-Consultant tests offer accurate, real-exam-style questions tailored to the Salesforce certification. Strengthen your understanding of nonprofit cloud solutions, build confidence, and ensure first-attempt success with expertly designed practice tests from ValidTests.

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following postings are generated...

Technical Clearing Account was not available in ECC. Its new functionality in S/4 HANA

· Operational Document

Technical Clearing A/c ……….Dr

ToVendor A/c………………….Cr

· Valuation Specific Document

Asset A/c………………………Dr

To Technical Clearing A/c……Cr

you need to assign GL accounts to asset A/c in T-code AO90. then system will automatically determine