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