SAP Asset Accounting

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