Asset Accounting in SAP
Training
Online
Description
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Type
Training
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Level
Beginner
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Methodology
Online
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Class hours
5h
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Duration
Flexible
Asset accounting is a subsidiary ledger of the general ledger and is used to manage and document fixed asset transactions in detail. In general ledger accounting, you update depreciation and changes to asset balance sheet values in asset accounting. You make various account assignments to cost accounting for these transactions. Because of the integration in SAP S/4HANA, SAP Asset Accounting (FI-AA) transfers data directly to and from other SAP S/4HANA components such as Financial Accounting (FI) components. Key process steps covered by Asset Accounting are: create asset master, acquire assets, retire assets, valuate assets, perform month-end closing, perform year-end closing, purchase asset from purchase order, create legacy assets. Benefits of Asset Accounting include: transparent view of asset acquisition, efficient automated processing, accurately calculate values for depreciation, record depreciation, and so on. New Asset Accounting with advanced features powered by SAP HANA now replaces classic Asset Accounting. This applies across the entire SAP Accounting landscape. Important SAP FI-AA components are: Basic Functions, Master data (asset maintenance), Basic valuation functions, Depreciation, Transactions, such as asset acquisitions and retirements, Closing operations, Special Valuations: For example, for investment support and insurance, Processing leased assets, Preparations for consolidation for group financial statements, Information System.
About this course
Find the course link below:
https://training.uplatz.com/online-it-course.php?id=asset-accounting-in-sap-33
Reviews
Subjects
- Transactions
- SAP
- Financial
- Financial Training
- Master Data
- Depreciation
- Closing operations
- Information system
- Special Valuations
- Processing leased assets
Teachers and trainers (1)
Uplatz Elite trainer
SAP ABAP consultant
Course programme
11. Definition of period control methods 12. Creation of main asset master records 13. Creation of sub asset master records 14. Posting the transactions for Acquisition of fixed assets 15. Depreciation run and Asset explorer 16. Sale of fixed assets – with customer and without customer 17. Transfer of assets 18. Impairment of assets 19. Scrapping of assets, 20. Line item Settlement of assets under construction of capital work in progress
Asset Accounting in SAP