Tutorialspoint

#May Motivation Use code MAY10 for extra 10% off

SAP Asset Accounting

person icon Uplatz

4.1

SAP Asset Accounting

Learn SAP Asset Accounting with practical scenarios. Become an SAP Finance Consultant. Prepare for SAP FI Certification.

updated on icon Updated on May, 2024

language icon Language - English

person icon Uplatz

English [CC]

category icon Office Productivity,SAP

Lectures -5

Duration -3.5 hours

4.1

price-loader

30-days Money-Back Guarantee

Training 5 or more people ?

Get your team access to 10000+ top Tutorials Point courses anytime, anywhere.

Course Description

A warm welcome to the SAP FI Asset Accounting course by Uplatz.

SAP Asset Accounting, often known as sub ledger accounting, is a crucial sub-module of the SAP financial accounting (SAP FICO) module. Asset Accounting in SAP (FI-AA) is used to manage and supervise an organization's fixed assets. The fundamental goal of asset accounting is to determine the exact values of the company's fixed assets on a given date.

The following are the essential components of SAP financial accounting asset accounting:

  • Asset accounting in the traditional sense

  • Consolidation preparation

  • System of information

  • Managing leased assets

The SAP System's Asset Accounting (FI-AA) component is used to manage and supervise fixed assets. It acts as a supplementary ledger to the General Ledger in Financial Accounting, giving comprehensive information on transactions involving fixed assets.

This SAP Asset Accounting course by Uplatz is an extensive program covering key concepts, implementation, configuration, and management of SAP FI asset accounting module.

The following are some of the most important asset accounting concepts taught in this SAP FI Asset Accounting course:

  • Fixed assets are assets that are used for the operation of a firm for a period of more than one year.

  • Depreciation is the cost of utilizing an asset and the wear and tear on the asset, which is accounted for at the end of the accounting period.

  • Over the course of an asset's life cycle, the whole value of the asset is charged to profit and loss accounts.

  • You must first set up a business code in financial accounting, and then apply a chart of depreciation to that code.

  • The SAP system will be updated with asset values from the time of acquisition to the time of ultimate termination.

After completing this course, you will be able to:

  • Provide comprehensive coverage of all SAP Asset Accounting subjects (FI-AA)

  • Be familiar with SAP Asset Accounting principles.

  • FI-core AA's components

  • Important FI-AA combinations

  • Demonstration of Asset Accounting on SAP system step-by-step

  • Fixed asset sales

  • Asset transfer, impairment, and scrapping

  • Asset classes, primary asset master records, and sub asset master records are all created

  • Work as an SAP FICO Consultant

  • This course will assist you in preparing for the SAP FI-CO Certification Exam

Who this course is for:

  • SAP FI Asset Accounting Consultants
  • SAP FI Asset Accounting Application Developers
  • Finance Directors/Managers
  • Beginners & newbies aspiring for a career in SAP Finance
  • SAP FICO Consultants / End users
  • Anyone interested to learn SAP FI Asset Accounting
  • Accounts Managers
  • Asset Accounting Analysts
  • SAP FI Asset Accounting Application Leads
  • SAP FI S/4HANA Consultants
  • Chartered Accountants, CFAs, CS
  • Solution Specialists - Accounting (SAP FI)
  • SAP Project Managers
  • SAP FICO Consultants


Goals

  • Perform periodic asset transactions in SAP

  • Define asset classes

  • Define organization structure in SAP asset accounting

  • Configure and manage SAP asset accounting and master data

  • Identify manual legacy data transfer for assets

  • Perform day to day asset transactions in SAP FI

  • Perform period and year-end closing processes

  • Explain valuation and depreciation, chart of depreciation/depreciation areas

  • Implement common SAP FI asset accounting transactions viz. acquisitions, retirements, transfers

  • Create key asset reports mainly asset balances, asset history sheet, total depreciation, etc.

Prerequisites

  • Enthusiasm and determination to make your mark on the world!

SAP Asset Accounting

Curriculum

Check out the detailed breakdown of what’s inside the course

Cross Company Code and Cash Journal
1 Lectures
  • play icon Cross Company Code and Cash Journal 49:51 49:51
Asset Accounting
4 Lectures
Tutorialspoint

Instructor Details

Uplatz

Uplatz


Course Certificate

Use your certificate to make a career change or to advance in your current career.

sample Tutorialspoint certificate

Our students work
with the Best

Related Video Courses

View More

Annual Membership

Become a valued member of Tutorials Point and enjoy unlimited access to our vast library of top-rated Video Courses

Subscribe now
Annual Membership

Online Certifications

Master prominent technologies at full length and become a valued certified professional.

Explore Now
Online Certifications

Talk to us

1800-202-0515