Asset Accounting in SAP

Asset Accounting is a subset of SAP Financial Accounting (SAP FICO) that serves as a sub-record to General Ledger, which manages and documents fixed asset transactions in detail as well as provides detailed data on sales and purchases regarding fixed assets. Additionally, SAP Asset Accounting is called sub-ledger accounting. Asset Accounting in SAP (FI-AA) mainly manages, monitors, and checks fixed assets. It also serves the purpose of making an accurate valuation of the fixed assets owned by an organization as on a specific date.

Key procedure steps include:

• Creating Asset Master
• Acquiring Assets
• Retiring Assets
• Valuating Assets
• Performing month-end and year-end closing
• Buying Asset from Purchase Request
• Making Legacy Assets

???????Benefits of Asset Accounting:

• Transparency regarding asset acquisition
• Efficient automated processing
• Accurate estimations for depreciation/devaluation
• Recording depreciation

And many more

In this course, you will learn

1. Copying a reference chart of depreciation
2. Assigning chart of depreciation to company code
3. Creating 0% tax codes for sales and purchases
4. Defining account determination
5. Defining screen layout rules
6. Defining number ranges for asset master
7. Creating asset classes
8. Integrating with General Ledger & Posting rules
9. Defining Depreciation key
10. Defining multilevel methods
11. Defining period control methods
12. Creating central asset master records
13. Creating sub-asset master records
14. Fixed Asset Acquisition Posting
15. Depreciation of run and Asset explorer
16. Sale of fixed assets – with a customer and without a customer
17. Transferring assets
18. Impairing assets
19. Scrapping assets

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