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The Investment Management (IM) component provides functions to support the planning, investment, and financing processes for:
Capital investments, such as the acquisition of fixed assets as the result of-house production or purchase
Investments in research and development
Projects that fall primarily under overhead, such as continuing education of employees or establishing new markets
Maintenance programs
The term investment, therefore, is not limited only to investments you capitalize for bookkeeping or tax purposes. An investment in this context can be any measure that initially causes costs, and that may only generate revenue or provide other benefits after a certain time period has elapsed (for example, plant maintenance projects).
The IM component contains functions for managing investments in the area of fixed assets. Financial assets are managed in the Treasury component.
Integration:The investment program and the appropriation request are objects that originate in the IM component. In order to represent the measure, the IM component uses internal orders from Overhead Cost Controlling - Overhead Orders (CO-OM-OPA) and Plant Maintenance (PM), as well as work breakdown structure (WBS) elements from the Project System (PS).
The integration with Asset Accounting (FI-AA) enables you to easily capitalize the costs of internal orders and WBS elements that require capitalization to a fixed asset. Costs that do not require capitalization can be settled to cost accounting.
You can post acquisitions to a measure in the Logistics components of the R/3 System.
Sub-Components of Investment Management and their Integration: The integrated planning process allows you to roll up planned values from appropriation requests and measures on the investment program to which they are assigned. This is in broader term called as investment budget. You carry out budgeting of measures, on the other hand, from the top down within the investment program.You can transfer expected depreciation on all planned investments to management accounting in the form of planned costs.
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Settlement:During settlement, some or all of the plan or actual costs incurred on an object are allocated to one or more receivers. The system automatically generates offsetting entries to credit the sender object. The debit postings assigned once to a sender object remain in place, even after settlement to a receiver (and can therefore be displayed). The costs settled are updated on the corresponding receiver object and displayed in reporting.
Settlement occurs in parallel in all valuations, with the exception of settlement to fixed assets and profitability segments. For the settlement to fixed assets, the system takes the amount used in legal valuation. The system moves back the operational valuation for the settlement to the profitability segment.
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