Asset accounting configuration in sap erp springerlink. Consultancy for customization and configuration of sap fi and mm at fbr. Asset accounting module thus acts as a sub ledger to the fi module for managing asset records. As a result of the integration in the sap system, asset accounting fiaa transfers data directly to and from other sap components. You will learn how to configure asset accounting, manage asset master data, and perform day to day and periodic asset transactions. Sap fixed assets accounting fiaa espresso tutorials.
Asset accounting in the sap system is used for managing and monitoring fixed assets. Sap fi module mainly deals with fixed asset, accrual, bank, cash journal, inventory, and tax accounting, general ledger,accounts receivableaccounts payable arap, fast close functions,financial statements,parallel valuations,master data governance. Fixed assets, asset accounting fiaa, sap financial accounting sap fi. What are the gl entries that occur in asset accounting. The term sap fico can actually be divided into 2 for understanding. In sap financial accounting, it serves as a subsidiary ledger to the fi general ledger, providing detailed information on transactions involving fixed assets. Nov 07, 20 asset accounting module in sap manages fixed assets data of an. Hi friends what are the gl entries that occur in asset accounting.
Your contribution will go a long way in helping us. The financial accounting sap fi module in sap is designed to capture organizations business transactions in a manner that will satisfy external reporting requirements. Sap fico module comprises sap fi configuration, sap co configuration, sap fi user and sap co user. Sap fico interview questions and answers pdf updated. Sap erp financial accounting and controlling configuration and use management. Asset accounting configuration in sap erp is a timely, practical, and stepbystep illustrative guide to demystifying the complexities involved in sap asset configuration. Pdf integrating asset accounting with the general ledger figl. Apr 20, 2017 sap asset accounting complete configuration live demo. In financial accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. Asset accounting module in sap manages fixed assets data of an. You will find explanations of the key and mandatory fields on each transaction screen. Sap asset accounting complete configuration live demo. Training video explaining the concepts of sap new asset accounting. Sap asset accounting sap fiaa and fixed assets ho by.
Asset accounting is an important module in sap and manages assets of an organisation by master records. Jan 02, 2011 this document provides step by step guides for commonly used business processes by endusers related to asset accounting submodule in sap. The asset accounting fiaa component covers the most important laws and business practices specific to turkey. Aa module provides the complete information about the fixed assets transactions inside a. Mar 25, 2017 classic asset accounting is mostly transformed automatically into the new asset accounting by executing mandatory migration steps related to asset accounting. Asset accounting configuration in sap erp a stepbystep. Asset acquisition with transaction code abzon to acquire an asset go to navigation. Understand the fixed asset lifecycle and asset acquisition. Asset accounting is a component of sap fico module. Lfa1 lfm2 lfbk finance accounting asset accounting asset accounting deals with all the fixed asset of the company and provides all. Sap simple finance training for new asset accounting.
Learn how to configure asset accounting in sap fico and. Lfa1 lfm2 lfbk finance accounting asset accounting asset accounting deals with all the fixed asset of the company and provides all the transaction details about fixed assets. Features it includes the management of bank master data, cash balance management check and bill of. What are the deprecation areas that are taken into consideration for indian implementat. Asset accountingaa overview asset accounting as a subledger asset class chart of depreciation master data createchange asset master record acquisitions settlement of an asset under construction auc retirement depreciation. For example, it is possible to post from the materials management mm component directly to asset accounting. Overview on asset accounting depreciation methods organizational structures chart of depreciation. Sap asset accounting sap fiaa and fixed assets ho by sap. The course focuses on the accounts solution for parallel accounting. Top 100 sap fico interview questions and answers pdf.
Sap ag bank accounting fi bl bank accounting fi bl april 2001 7 bank accounting fi bl purpose this component is used to handle accounting transactions that you process with your bank. Sap finance and controlling fico is the most broadly adopted sap modules. The processing for closing in asset accounting includes carrying out certain tasks and activities for periodend and yearend closing. Asset accounting configuration in saperp is a timely, practical, and stepbystep illustrative guide to demystifying the complexities involved in sap asset configuration. Sap fico is a module used for financial reporting both externally and internally. Fi means financial accounting and co stands for controlling. Asset accounting is a very popular submodule in fico. It manages fixed assets data of an organization by way of asset master records. Top 10 sap fico asset accounting interview questions sap. Consultancy for customization and configuration of sap fi and. Sap new asset accounting training in simple finance includes the following.
Create asset master as01, change asset master as02, display asset master as03 asset acquisition. The asset accounting fiaa component is used for managing and supervising fixed assets with the sap r3 system. Sap fi asset accounting process debits and credits book value. Sap fico is a software that takes in and computes information that has been loaded, and in turn, offers the needed results in line with the marketing situation. The asset accounting module integrates with the gl module. In this book, noted expert andrew okungbowa explains sap asset accounting fiaa in saperp, including its associated business. Asset accounting with sap s4hana book and ebook by. Pdf customizing organizational structures in sap asset accounting fiaa. This course gives you a thorough overview of the sap erp asset accounting offering. What are the deprecation areas that are taken into consideration for indian implementation and how there are treated in asset accounting. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period.
There is no longer a need to have a derived depreciation area. In sap new asset accounting there is no need of doing reconciliation with new gl. As a result of the integration in the sap system, asset accounting transfers data directly to and from other systems. This bestselling guide for business users shows you how to run financial accounting in sap erp. This ebite was originally published as chapters 12, and 14 in the previous edition of financial accounting in sap.
Sap ag asset accounting fi aa icons icon meaning caution example note recommendation syntax april 2001 3. Introduction asset accounting module in sap manages fixed assets data of an organization by way of asset master records. Asset accounting in sap fico module book value depreciation. Asset accounting is a sub ledger to the sap fi module for managing the asset records. Dec, 2018 asset accounting is a very popular submodule in fico. In this book, noted expert andrew okungbowa explains sap asset accounting fiaa in sap erp, including its associated business. The following paragraphs and pictures will describe an example in steps of an asset acquisition and the functionality of the main fields and buttons. Full form or sap fico stands for fi financial accounting and co controlling. Asset accounting involves creation of fixed assets, depreciating them, transferring assets, retiring them etc. This document provides step by step guides for commonly used business processes by endusers related to asset accounting submodule in sap. This video explains the concept of asset accounting in sap fico. Walk through the configuration that underpins all of asset accounting, starting with organizational structures and master data. When an asset is purchased or produced inhouse, you can directly post the invoice receipt or goods receipt, or the withdrawal from the warehouse, to assets.
Sap fi co videos 65 hours sap fico course curriculum. Asset accounting user manual consultancy for customization andconfiguration of sap fi and mm at fbr user manual asset accounting prepared by. Classic asset accounting is mostly transformed automatically into the new asset accounting by executing mandatory migration steps related to asset accounting. S4 hana new asset accounting considering key aspects sap. Sap erp system by placing the cursor on the field that requires explanation and pressing fi. Sap financial accounting is one the functional module. Sap asset accounting module tutorial, tcodes and tables. Asset accounting is permanently reconciled with new gl. Apr 18, 2011 the asset accounting fiaa component is used for managing and supervising fixed assets with the sap r3 system. Asset accountingaa overview asset accounting as a subledger asset class chart of depreciation master data createchange asset master record acquisitions settlement of an asset under construction auc retirement depreciation 3. Configuration on asset management part 1 sap blogs. Sales of asset purchase of asset, scraping of asset, deprecation posting, transfer of an asset.
As of release sap s4hana 1809, the bseg table will no longer be updated with the depreciation run transaction afab, afabn refer sap note 2383115. Learn to create an asset, and master value adjustments, depreciation, and the validation of asset posting logic. Local legal considerations are predelivered with the system and the ability to manage and report on multiple companies in multiple countries with multiple currencies is part of standard functionality. Sap fi asset accounting process free ebook download as pdf file.
Sap easy access sap menu accounting financial accounting fixed asset posting acquisition. Walk through key fi processes in the general ledger, ap, ar, asset accounting, and more using stepbystep instructions, transaction codes, and screenshots. Consultancy for customization and configuration of sap fi. Asset accounting configuration steps in sap fico asset. Asset accounting in sap fico asset accounting part 1. Asset accounting module in sap is a very important module. Sap asset accounting complete configuration live demo youtube. Asset accounting setup is mandatory in sap s4hana so get the details you need to get it up and running. Sap fi asset configuration it training and application. The closing processing normally includes activities like depreciation posting, physical inventory, fiscal year change etc. Folder screenshots sap fico package details name of the item qty 01. Sap fi aa overview the fiasset accounting fiaa component is used for managing the fixed assets in fi system. Sap asset accounting book sample pdf by learnsap slideshare.
You must assign a chart of depreciation to each company code that is defined. Asset accounting in sap fico module free download as word doc. Sap library asset accounting fiaa new sap help portal. Fiaa asset summary analysis of an asset and its environment. Month end closing activities in sap fico skillstek. Consultancy for customization and configuration of sap fi and mm at fbr user manual asset accounting prepared by. Sap erp system by placing the cursor on the field that.
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