Sap financial accounting is one the functional module. Asset accounting user manual consultancy for customization andconfiguration of sap fi and mm at fbr user manual asset accounting prepared by. Application operations guide pdf overview of the tasks that must be considered and executed to operate the sap solution in the most efficient and effective way. Understand the fixed asset lifecycle and asset acquisition. In sap fico, sap fi take cares about accounting, preparation of. Ac010 business processes in financial accounting sap training. The new sap asset accounting fiaa module is one example of a financial module that has been redesigned in the s4hana suite to increase process efficiencies across the life cycle of an. Maintain fiscal year variant maintain shortened fiscal year assign company code to a fiscal year variant define variants for open posting periods assign variants to company code. Asset accounting is a sub ledger to the sap fi module for managing the asset records. The module is integrated with other modules such as material. Sap library asset accounting fiaa new sap help portal. In todays business world, 80% of fortune 500 companies are running sap. 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. Configuration on asset management part 1 sap blogs.
These include transactions like acquisition of fixed assets, sale of fixed assets, in house development of assets, settlement of wip, and accounting for. Outlining financial accounting fi components in sap erp. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting all the sub modules are interlinked and integrate in real time. Due to the temporary closure of training centers current status here, all planned classroom training courses in the affected countries have been converted to our virtual learning method sap live class until further notice thus the original offer is still fully available in these countries. Create asset number as01 create sub asset as11 asset acquisition f90 view asset values aw01n depreciation run afab asset retirement from sale with customer f92 asset retirement without revenuescrapping abavn transfer within company code.
Consultancy for customization and configuration of sap fi. Step by step end user guide to asset accounting in sap fi. New asset accounting overview of sap s4hana finance. Oct 02, 2010 consultancy for customization and configuration of sap fi and mm at fbr user manual asset accounting prepared by. The asset accounting component is intended for international use in many countries.
In financial accounting it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. After carry forward of your closing balances its time to post some transaction to sap asset accounting. The asset accounting fiaa component is used for managing and supervising fixed assets with the sap system. Sap simple finance asset accounting tutorialspoint. Financial accounting general topics sap help portal. Aa module provides the complete information about the fixed assets transactions inside a company. You will find explanations of the key and mandatory fields on each transaction screen. Asset accounting is a component of sap fico module. It is used to store the financial data of an organization. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general. In any organization, cost incurred to perform certain activities should be transparent. 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 fi asset accounting learn sap fi in simple and easy steps from basic to advanced concepts with clear examples including introduction, sub components, company, company code, assign company code to company, business area, consolidated business area, assign business area to consolidated business area, functional area, financial management area, assign company code to financial management. Sap asset accounting sap fiaa and fixed assets ho by. In sap accounting powered by hana system, you have only new asset accounting available with new gl accounting. You must assign a chart of depreciation to each company code that is defined.
The chart of depreciation is a list of depreciation areas arranges according to business and legal requirement. This ebite was originally published as chapters 12, and 14 in the previous edition of financial accounting in sap. Top 10 sap fico asset accounting interview questions sap. Consultancy for customization and configuration of sap fi and mm at fbr user manual asset accounting prepared by. The sap asset accounting configuration guide has beautifully handled the configuration in the new gl scenario. Basic configuration settings for implementing asset. Sap fi asset configuration it training and application. Sap fi module mainly deals with fixed asset, accrual. Sap cca i about the tutorial sap cost center accounting cca is used to perform controlling activities in an organization. Sap fi helps to analyze the financial conditions of a company in the market. Asset accounting configuration in sap erp springerlink. You can choose controlling integration as manual creation of cost elements or. Copy reference chart of depreciation depreciation area.
Asset accounting is an important module in sap and manages assets of an organisation by master records. Overview organizational structure legacydata transfer a sap ag 1999 fiaa fi. You can do this by choosing sap customizing implementation guide financial accounting new financial accounting global settings new ledgers parallel accounting assign accounting principle to ledger groups, as depicted in figure 3. Sap ag asset accounting fi aa asset accounting fi aa asset accounting overview asset accounting asset accounting aa fi. The fi financial accounting module of sap is the backbone, which records, collects, and processes financial transactions or information on a realtime basis to provide the necessary inputs for external statutory reporting. Asset accounting configuration in sap erp fills that resource gap by covering the major aspects of sap fiaa for anyone with sap experience and the basic accounting knowledge and bookkeeping skills necessary to apply configuration. It incorporates a handson approach, with hundreds of screen shots and practical examples, that allows a person without prior configuration training to make sap fico ready. Asset accounting configuration steps in sap fico asset.
Some of these are asked in top mnc company interviews. Create asset master as01, change asset master as02, display asset master as03 asset acquisition. Using cost center accounting, you can perform profitability analysis of each. Asset accounting module thus acts as a sub ledger to the fi module for managing asset records. In financial accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. Asset accounting in simple finance is used for monitoring of assets in sap system. You can open a new fiscal year in asset accounting for a company code. Sap fico transaction codes erp financials community wiki. Introduction asset accounting module in sap manages fixed assets data of an organization by way of asset master records. Customizing for the sap general ledger accounting contents. Dec 18, 2018 the asset accounting fiaa component is used for managing and supervising fixed assets with the sap system. Business processes in management accounting sap training. Jun 15, 20 accounts payable activity type configure tax on sales and purchases extended withholding tax foriegn currency general ledger internal order legacy system migration workbenchlsmw period end closing activities reconciliation ledger s4 finance sap accounts payable sap accounts recievables sap asset accounting sap cin sap controlling sap copaco.
I knew the traditional sap asset accounting configuration, but had no idea how to configure the sap asset accounting in the sap new gl scenario. You cannot post transactions to sap asset accounting unless the new fiscal year is opened. Asset accounting in the sap system is used for managing and monitoring fixed assets. It also contains recommendations on how to ensure a highperformance solution with maximum possible reliability. 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. Asset accounting module in sap manages fixed assets data of an organization by way of asset master records. Sap asset accounting module tutorial, tcodes and tables. Sap fico i about the tutorial 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. Data flow between financial accounting and the other components of the sap system is. Sap fi stands for financial accounting and it is one of important modules of sap. This is an introductory tutorial that covers the basics of sap fico and how to.
Below are some important questions on sap fico asset accounting for beginners and professionals. Define company define company code assign company code to company define business area financial accounting global settings. Configuring sap erp can be a daunting exercise, however, and there are few resources that address these issues. It manages fixed assets data of an organization by way of asset master records. Sap erp financial accounting and controlling configuration. Jan 30, 2012 accounting rules are to be defined for each transaction type and posting rule for posting accounting entries as per bank statement.
Asset accounting fi aa new asset accounting in the sap system is used for managing and monitoring fixed assets. Scribd is the worlds largest social reading and publishing site. Features it includes the management of bank master data, cash balance management check and bill of. Configuration and use management is in fact the most comprehensive and easytofollow sap fico configuration book in the market. Mar 17, 20 tagged asset accounting journal entries, sap as published by jayanth maydipalle passionate for sap finance which inspired me to share my fico, s4 finance, fiori knowledge and experience through my website. As sap finance system is integrated with other modules, you can move data to and from other systems, i. Sap gives us the functionality in asset module of managing depreciation and.
The asset accounting module in sap is one where the accounting pertaining to fixed assets is done. Asset accounting erp financials community wiki sap. Asset accounting module in sap is a very important module. Due to the temporary closure of training centers current status here, all planned. This new general ledger accounting in mysap erp has some dynamic advantages in comparison to the classic general ledger accounting as used in sap r3 enterprise version such as the ability to run realtime reconciliation between management accounting co and financial accounting fi i. Jun 05, 20 this fi end user training guide on asset accounting consists of following sequence of subprocesses with screenshots and definitions. Nov 07, 20 asset accounting module in sap manages fixed assets data of an. Asset accounting configuration steps in sap asset accounting fico asset accounting configuration steps in sap. Learn to create an asset, and master value adjustments, depreciation, and the validation of asset posting logic. Asset accounting module in sap is a important module which manages the fixed assets data of an organization by the asset master records and asset accounting acts as sub ledger to the sap fi module for managing asset records. So, if you want to be an accountant at one of the worlds most powerful, profitable companies you need sap knowledge and experience. Sap ag asset accounting fi aa icons icon meaning caution example note recommendation syntax april 2001 3. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Consultancy for customization and configuration of sap fi and.
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