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