SAP Asset Performance Management

SAP Asset Performance Management for Circular Manufacturing

The manufacturing industry is a major contributor to carbon emissions, accounting for around 20 percent of global emissions. These emissions are primarily caused by energy usage during the manufacturing process. However, new approaches to designing, producing, and disposing of goods can reduce waste by eliminating it from products and processes, as well as by recycling…
How to Comply with the Provisions of IFRS while Recording Capital Asset Transactions in SAP ECC 6.0

Reading time: 25 mins

Learn key adjustments that are required to make capital asset management compliant with International Financial Reporting Standards (IFRS). See the changes you need to make in SAP ERP Central Component (SAP ECC) 6.0 while transitioning from US Generally Accepted Accounting Principles (GAAP). Key Concept An organization needs to make adjustments in accounting for financial transactions...…
Inflation-Based Revaluation of Fixed Assets

Learn the configuration done for monthly inflation-based revaluation. This configuration needs slight changes based on the frequency and inflation calculation methodology required for a specific implementation. Key Concept Inflation-based revaluation is a statutory requirement for several high-inflation countries. These countries publish an inflation index for revaluation of the fixed asset base of the company. In...…
AUC with Investment Measure Using Work Breakdown Structure

FinancialsLearn how to implement assets under construction (AUC) with the Investment Management module using work breakdown structure (WBS). Follow a detailed discussion of the settlement process. Key Concept A work breakdown structure (WBS) element with its assets under construction (AUCs) can be termed as an investment measure. In simple terms, an AUC is created to...…
Achieving Effective and Efficient Asset Management

In heavy asset intensive industries from manufacturing and processing facilities through to Rail, Aerospace, Utilities, Oil & Gas and Mining operations, the largest operational expense beyond the CAPEX of building the plant resides in maintaining the equipment required to do the job. Membership Required You must be a member to access this content.View Membership LevelsAlready…
- SAP Asset Management
Transforming to Intelligent Asset Management with SAP Solutions

Reading time: 3 mins

Asset-intensive industries need to deliver on driving safe operations, minimizing costs, and maximizing productivity. But to consistently achieve these objectives, organizations must adopt a more comprehensive approach to Asset Management by enhancing collaboration with suppliers, customers, and service providers for better cooperation and coordination, streamlining asset maintenance processes, shifting from cyclical to predictive and intelligence-driven…
How to Set Up and Process Leased Assets

Learn how to configure leased assets to make sure that not only depreciation is posted but also the interest and the periodic payments. Key Concept In SAP Asset Accounting (FI–AA) you can maintain several kinds of assets. One particular kind is the leased asset. Besides the standard fixed-asset functionality for this kind of asset, the...…
Create Multiple Assets with Individual Characteristics in One Step

Learn how to customize the functionality required to simultaneously create multiple assets and still be able to maintain specific data for each individual asset. Key Concept Within Asset Accounting (FI-AA), you can create one asset at a time or multiple assets simultaneously. Since the release of R/3 4.0A, SAP supports simultaneous creation of multiple assets....…
3 Ways to Ensure Accurate Depreciation Values in ECC

The primary focus of the Asset Accounting (FI-AA) sub-ledger is to accurately calculate and track values for fixed asset records. Often it is possible that planned values stored in FI-AA do not reflect the existing system configuration and therefore are incorrect. You can use program RAAFAR00 (recalculate values) to ensure that calculated amounts are correct....…
SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting

Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation...…