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Finance Accounting Asset Accounting

Asset Accounting deals with all the fixed assets of a company, providing transaction details and working closely with other SAP modules like Materials Management and Plant Maintenance. It manages and supervises fixed assets in the SAP system, serving as a subsidiary ledger to the General Ledger and providing detailed information on fixed asset transactions. Important terms in SAP Asset Accounting include the Chart of Depreciation, which outlines depreciation methods and schedules for assets.

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Manohar Goud
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142 views23 pages

Finance Accounting Asset Accounting

Asset Accounting deals with all the fixed assets of a company, providing transaction details and working closely with other SAP modules like Materials Management and Plant Maintenance. It manages and supervises fixed assets in the SAP system, serving as a subsidiary ledger to the General Ledger and providing detailed information on fixed asset transactions. Important terms in SAP Asset Accounting include the Chart of Depreciation, which outlines depreciation methods and schedules for assets.

Uploaded by

Manohar Goud
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Finance Accounting Asset Accounting

Asset Accounting deals with all the fixed asset of the company and provides all the
transaction details about fixed assets. The asset accounting module of Finance
Accounting works closely with other modules like SAP MM, SAP Plant
Management, EWM, etc.
Common T-codes used for Asset Accounting −

 AT01
 AT03
 AUN0
 ASEM
Example − When a company purchases an item that can be considered as an
asset, the details will be passed to Asset accounting module from the SAP MM
module.
Purpose
The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the SAP
System. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed
information on transactions involving fixed assets.

Assets Accounting:
 Asset Accounting is an important module in SAP and manages assets of
any organization by master Records.
 Asset account is a sub ledger in the SAP FI for managing asset records.
Introduction of important Terms in SAP Asset Accounting:
Chart of Depreciation:

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