Jun 10, 20 step by step instructions to end user processes with screenshots for sap finance asset accounting module slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Here you will learn what fixed assets are, how the value of fixed assets has to be reported, and how sap asset accounting can support you. When a company purchases an item that can be considered as an asset, the details will be passed to asset accounting module from the sap mm module. May 11, 2020 sap fico is the finance and cost controlling module in sap erp where fi stands for financial accounting and co stands for controlling.
In todays business world, 80% of fortune 500 companies are running sap. Via menus accounting financial accounting fixed assets posting acquisition external acquisition acquis. Watch the full video to learn each step and master the subject. Accounts receivable processes contents index the authors. 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.
Customizing organizational structures in sap asset accounting fiaa. Integration of asset accounting to other sap modules due to the robust nature of integration modules in sap r3, transactions posted in other modules can be. Instructor sap erp is broken up into different modulesthat interact with each other. Sap library asset accounting fiaa new sap help portal. Sap asset accounting sap fiaa and fixed assets ho by. Integrating asset accounting with the general ledger figl. Finance accounting asset accounting asset accounting deals with all the fixed asset of the company and provides all the transaction details about fixed assets. Asset accounting transfers period year end closing reporting 4.
Configuration on asset management part 1 sap blogs. Transfer after sap r3 asset accounting is already productive 309. A trial balance can be extracted at an time and it will always balance because all the sub modules are. Hanno hofmann, pamela lim, joy mabborang, and louis teunissen lease accounting with sap. Manage the entire lifecycle of your physical assets with enterprise asset management eam software from sap. All other information this section covers all other topics within asset accounting. Asset accounting configuration in sap erp springerlink. You must assign a chart of depreciation to each company code that is defined. How to integrate fiaa accounting with other sap modules. Consultancy for customization and configuration of sap fi and. The course focuses on the accounts solution for parallel accounting. Create asset master as01, change asset master as02, display asset master as03 asset acquisition. Asset accounting in sap fiaa is used for managing and supervising the fixed assets of an organization.
Asset accounting module in sap is a very important module. Apr 20, 2017 sap asset accounting complete configuration live demo. Asset accounting in the sap system is used for managing and monitoring fixed assets. This ebite was originally published as chapters 12, and 14 in the previous edition of financial accounting in sap. New asset accounting overview of sap s4hana finance. It contains nearly every financial business processa company may have. The sap fi module is responsible for trackingand reporting on financial data across an organization. May 17, 2017 sap s4hana finance formerly sap simple finance comes with a lot of features, such as the universal journal, streamlined design, and realtime analytics. Asset accounting module in sap manages fixed assets data of an organization by way of asset master records. As a result of the integration in the sap system, asset accounting transfers data directly to and from other systems. This module is designed to manage fixed assets of organizations.
Sap asset accounting complete configuration youtube. Sap business processes often cons ist of steps that are crossmodular, and the ordertocash process is a great exampl e of the integration between finance and logistics. For adjustments utilize additional fixed assets documents. Sap ag asset accounting fi aa icons icon meaning caution example note recommendation syntax april 2001 3. A considerable proportion of the assets are fixed assets. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting. 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. Enterprise asset management eam software solutions sap. The asset accounting fiaa component is used for managing.
What are the deprecation areas that are taken into consideration for indian implementation and how there are treated in asset. Sap asset accounting complete configuration live demo. You can track the postings of all valuations, without having to take into account the postings of the leading valuation, as was partly the case in classic asset accounting. Sap asset accounting is also called as sub ledger accounting, it is one of the important sub module of sap financial accounting module. You will learn how to configure asset accounting, manage asset master data, and perform day to day and periodic asset transactions. Sap asset accounting sap training and sap courses by. Asset reporting this page will be used to provide information on the reporting capabilities within asset accounting. Sap asset accounting book sample pdf by learnsap slideshare.
So, if you want to be an accountant at one of the worlds most powerful, profitable companies you need sap knowledge and experience. Sap can call you to discuss any questions you have. Sap simple finance 3 with sap s4 hana, sap is providing a new product and a next generation of business applications simple enterprise software for big data and is designed to help you run. Sap financial accounting is one the functional module. This course gives you a thorough overview of the sap erp asset accounting offering. This is an introductory tutorial that covers the basics of sap fico and how to deal with its. Hi, masters in the next week i have an interview,can any body help me what type of questions can i expect, in the long back at the time of interview the person asked me, how can we cancel the last three years depreciation run for the purpose of audi. Pdf asset accounting configuration in sap erp mohamed. Sap fico module is very robust and covers almost all business process encountered in various industries. For example, it is possible to post from the materials management mm component directly to asset accounting. S4 hana new asset accounting considering key aspects sap. From managing bank master data, cash balance management to processing incoming and outgoing payments. All the sub modules are interlinked and integrate in real time.
The main purpose of asset accounting is to extract the exact values of the fixed assets owned by the. Accounting tab is set by default to be the same as the ap invoice posting. Sap asset accounting complete configuration live demo youtube. Sap asset accounting is also called as sub ledger accounting, it is one of the important submodule of sap financial accounting module. This page will be used to document the asset accounting fiaa submodule within erp financials. The new sap asset accounting fiaa module has been redesigned in the s4hana suite to increase process efficiencies across the life cycle of an asset.
Asset accounting is an important module in sap and manages assets of an organisation by master records. This module is used to handle all bank accounting transactions. This video will teach you to do step by step asset configuration in sap fi. Sap asset accounting module tutorial, tcodes and tables. Copy reference chart of depreciation depreciation area. Key configuration consideration in ledger approach. It is one of the very important and widely implemented modules in sap. Sap erp financial accounting and controlling configuration and use management.
Understand the fixed asset lifecycle and asset acquisition. Jan 02, 2011 this document provides step by step guides for commonly used business processes by endusers related to asset accounting submodule in sap. Mar 25, 2017 new asset accounting makes it possible to post in real time in all valuations that is, for all accounting principles. Asset accounting configuration steps in sap fico asset. Sales of asset purchase of asset, scraping of asset, deprecation posting, transfer of an asset. The asset accounting module of finance accounting works closely with other modules like sap mm, sap plant management, ewm, etc. The asset accounting fiaa component is used for managing and supervising fixed assets with the sap system. Asset accounting is a sub ledger to the sap fi module for managing the asset records. 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. Learn to create an asset, and master value adjustments, depreciation, and the validation of asset posting logic.
It manages fixed assets data of an organization by way of asset master records. In financial accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. Sap asset accounting sap fiaa and fixed assets ho by sap. This process is the focus of this chapter, specifically in demonstrating the integration between the sd module and ar. Sap fi asset configuration leading it services and. Nov 07, 20 asset accounting module in sap manages fixed assets data of an. Aa module provides the complete information about the fixed assets transactions inside a company. Sap asset accounting is also called as sub ledger accounting and is one of the important submodules of sap financial accounting sap fico module. Asset accounting is a component of sap fico module. Asset accounting module thus acts as a sub ledger to the fi module for managing asset records. Asset accounting in sap fi aa is used for managing and supervising the fixed assets of an organization. Sap fi stands for financial accounting and it is one of important modules of sap erp. Learn the essentials of posting acquisitions, retirements and transfers in the asset accounting module fiaa in sap. Oct 02, 2010 section 2 asset accounting business transactions 2.
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. In financial accounting, it serves as a subsidiary ledger to the general. Sap gives us the functionality in asset module of managing depreciation and. In this tutorial you will get an introduction about aa module, list of tcodes.