Typical asset transactions include acquisitions, disposals (covering either retirements with or without revenue, and scrapping), transfers, settlements of assets under construction, post-capitalizations and value corrections. Asset acquisitions can be posted in FI, or integrated with the general ledger. *** The monthly depreciation run and the periodic posting programs are carried out for IFRS or US GAAP, and need to be executed before the month-end closing. Depreciation is the reduction of the asset book value due to a decline in economic usefulness or legal requirements for taxes. Therefore, during financial statement preparations, the values of assets must be checked and adjusted.