A warm welcome to the Asset Accounting in SAP course by Uplatz.
Asset Accounting in SAP system (FI-AA) is primarily used for managing, supervising and monitoring fixed assets. Asset Accounting is classified as a subset of Financial Accounting and serves as a subsidiary ledger to the general ledger providing detailed information on transactions involving fixed assets.
SAP Asset Accounting is also called as sub ledger accounting and is one of the important sub-modules of SAP Financial Accounting (SAP FICO) module. The main purpose of asset accounting is to determine the exact value of the fixed assets owned by the company as on a particular date.
In SAP Accounting powered by SAP HANA only new Asset Accounting is available with new General Ledger Accounting. For you to be able to use new Asset Accounting, you need to have activated and set up the General Ledger Accounting (FI-GL) (New) application component.
Uplatz offers this extensive course on Asset Accounting in SAP. This SAPAsset Accounting course will help you prepare for the SAPFinance and Controlling Certification exam and will play an important part in your journey to become a successful SAPFI Consultant with mastery over configuration and management of SAPAsset Accounting sub-module within Finance and Controlling.
Asset Accounting course content
Copy reference chart of depreciation
Assignment of chart of depreciation to company code
Creation of 0% tax codes for sales and purchases
Defining account determination
Definition of screen lay out rules
Definition of number ranges for asset master
Creation of asset classes
Integration with General Ledger & Posting rules
Defining Depreciation key
Definition of multilevel methods
Definition of period control methods
Creation of main asset master records
Creation of sub asset master records
Posting the transactions for Acquisition of fixed assets
Depreciation run and Asset explorer
Sale of fixed assets – with customer and without customer
Transfer of assets
Impairment of assets
Scrapping of assets,
Line item Settlement of assets under construction of capital work in progress
SAP FI-AA components
The important components SAP Asset Accounting are:
Basic Functions:
Master data (asset maintenance)
Basic valuation functions
Depreciation
Transactions, such as asset acquisitions and retirements
Closing operations
And more
Special Valuations: For example, for investment support and insurance
Processing leased assets
Preparations for consolidation for group financial statements
Information System
Important Configurations of SAPFI-AA
The important configurations in SAPAsset Accounting are:
How to define charts of depreciation
Define tax code on sales and purchases
How to Assign chart of depreciation to company code
How to specify account determination
How to create screen layout rules
How to Maintain asset number range intervals
How to define asset classes
How to Determine depreciation areas in asset classes
How to Specify intervals and posting rules
How to define screen layout for asset master data
Procedure to maintain screen layout for depreciation areas
how to create base methods
How to create declining balance method
How to create multilevel method
How to create depreciation key in SAP
Create asset master data in SAP
Create sub asset master data in SAP
Integration of SAPAsset Accounting with other SAPmodules
Asset Accounting transfers data directly to and from other systems. As an instance, it is possible to post from the Materials Management MM component directly to Asset Accounting. When an asset is purchased or produced in-house, you can directly post the invoice receipt or goods receipt, or the withdrawal from the warehouse, to assets in the Asset Accounting component. At the same time, you can pass on depreciation and interest directly to the Financial Accounting (FI) and Controlling (CO) components. From the Plant Maintenance (PM – Plant Maintenance) component, you can settle maintenance activities that require capitalization to assets.
