SAP Asset Accounting
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What is SAP Asset Accounting?
SAP Asset Accounting is a submodule of the SAP Financial Accounting (FI) module within SAP ERP that handles the management and supervision of an organization’s fixed assets. The fundamental goal of finance and accounting managers utilizing SAP Asset Accounting (FI-AA) is to track the acquisition, utilization, depreciation, and disposal of assets and determine the exact values of the company’s fixed assets on a given date. This includes everything from purchases and sales, rental income generated by properties owned by companies and other organizations, as well as any repairs, enabling customers to manage their physical assets.
What is SAP Asset Accounting?
SAP Asset Accounting is a submodule of the SAP Financial Accounting (FI) module within SAP ERP that handles the management and supervision of an organization’s fixed assets. The fundamental goal of finance and accounting managers utilizing SAP Asset Accounting (FI-AA) is to track the acquisition, utilization, depreciation, and disposal of assets and determine the exact values of the company’s fixed assets on a given date. This includes everything from purchases and sales, rental income generated by properties owned by companies and other organizations, as well as any repairs, enabling customers to manage their physical assets.
Key capabilities of SAP Asset Accounting include:
- Automated depreciation calculation and reporting
- Segregation of duties between accounting and operations
- Robust security features
- Integration with SAP ERP and other SAP solutions
- Flexible asset valuation
Key Considerations for SAPinsiders
Evaluate needs for parallel reporting in SAP S/4HANA to support SAP Asset Accounting. The new features in SAP S/4HANA Finance significantly change how the FI-AA module must be set up when using local or group reporting to enable reporting with different fiscal year variants.
Consider utilizing SAP Asset Accounting to enable flexible asset valuation. SAP Asset Accounting in SAP S/4HANA Finance makes it easier to track assets and their transactions, so multinational organizations can better understand how much value they have tied up in fixed assets. Charting depreciation supports transaction data at the country level, allowing for complex asset valuation and depreciation processes.
Limit customizations with enhanced SAP Asset Accounting standard functionality in SAP S/4HANA. Maintaining compliance across multiple areas is difficult for any organization and often results in highly customized systems that are costly to maintain. Standard features in SAP Asset Accounting in SAP S/4HANA can help streamline core asset accounting processes, including tax depreciation, and enable comprehensive drill-down capabilities to reduce the need for highly customized reporting or functions.
798 results
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Preparatory Settings for IFRS Compliance in SAP Capital Asset Management
Reading time: 12 mins
Adjustments must be made to SAP’s Asset Accounting (FI-AA) component to make it compliant with International Financial Reporting Standards (IFRS). Learn what preparatory settings are required in an SAP system to facilitate these adjustments and how to use parallel reporting to ensure IFRS compliance. Key Concept International Financial Reporting Standards (IFRS) are globally accepted accounting...…
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AUC with Investment Measure Using Work Breakdown Structure
Reading time: 20 mins
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...…
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- SAP S/4HANA
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SAP S/4HANA Adoption: Subsequent Implementation of the Parallel Ledger
Reading time: 29 mins
Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Key Concept SAP introduced the parallel ledger concept with the SAP ERP Central Component (ECC) system in 2005, and since then, it is gaining popularity due to its...…
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SAP S/4HANA Adoption Tips
Reading time: 24 mins
Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Membership Required You must be a member to access this content.View Membership LevelsAlready a member? Log in here
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Capitalize Assets with Budget Monitoring Using Statistical Internal Orders
Reading time: 9 mins
See a method of direct capitalization with budgetary control that eliminates the need to post to the internal order and settle it. This method is best suited for simple budget monitoring of certain groups of assets — for example, lump sum budgets for furniture and fittings. Key Concept In an SAP system, assets are capitalized...…
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How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards
Reading time: 16 mins
Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more. Key Concept International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) guide global financial...…
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- SAP Enterprise Asset Management
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Achieving Effective and Efficient Asset Management
Reading time: 11 mins
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…
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Use Depreciation Below Zero Net Book Value for Better Product Costing
Reading time: 20 mins
Many organizations face scenarios in which they have some assets used even after the net book value (NBV) reaches zero. Once the NBV reaches zero, no more booking happens in accounting for legal reporting. However, from a management point of view, the depreciation needs to be accounted into cost estimation even if the NBV is...…
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- SAP ERP
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Create Multiple Assets with Individual Characteristics in One Step
Reading time: 7 mins
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....…
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Enhancement Package 5 Includes Fixed Asset Segment Reporting Improvements
Reading time: 9 mins
New features in enhancement package 5 change the way you report fixed assets. Walk through some of these features and see how they’ll affect you. Key Concept SAP ERP 6.0 enhancement package 5 includes new functionality in the Asset Accounting (FI-AA) area related to reorganization capabilities. SAP has extended the account assignment options to include...…
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