Overview

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 SAP Asset Accounting course will help you prepare for the SAP Finance and Controlling Certification exam and will play an important part in your journey to become a successful SAP FI Consultant with mastery over configuration and management of SAP Asset Accounting sub-module within Finance and Controlling.Asset Accounting course contentCopy reference chart of depreciationAssignment of chart of depreciation to company codeCreation of 0% tax codes for sales and purchasesDefining account determinationDefinition of screen lay out rulesDefinition of number ranges for asset masterCreation of asset classesIntegration with General Ledger & Posting rulesDefining Depreciation keyDefinition of multilevel methodsDefinition of period control methodsCreation of main asset master recordsCreation of sub asset master recordsPosting the transactions for Acquisition of fixed assetsDepreciation run and Asset explorerSale of fixed assets - with customer and without customerTransfer of assetsImpairment of assetsScrapping of assets,Line item Settlement of assets under construction of capital work in progressSAP FI-AA componentsThe important components SAP Asset Accounting are:Basic Functions:Master data (asset maintenance)Basic valuation functionsDepreciationTransactions, such as asset acquisitions and retirementsClosing operationsAnd moreSpecial Valuations: For example, for investment support and insuranceProcessing leased assetsPreparations for consolidation for group financial statementsInformation SystemImportant Configurations of SAP FI-AAThe important configurations in SAP Asset Accounting are:How to define charts of depreciationDefine tax code on sales and purchasesHow to Assign chart of depreciation to company codeHow to specify account determinationHow to create screen layout rulesHow to Maintain asset number range intervalsHow to define asset classesHow to Determine depreciation areas in asset classesHow to Specify intervals and posting rulesHow to define screen layout for asset master dataProcedure to maintain screen layout for depreciation areashow to create base methodsHow to create declining balance methodHow to create multilevel methodHow to create depreciation key in SAPCreate asset master data in SAPCreate sub asset master data in SAPIntegration of SAP Asset Accounting with other SAP modulesAsset 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.

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