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Resume Asset Accounting SAP

Asset Accounting (FI-AA) in SAP manages fixed assets throughout their lifecycle, including acquisition, depreciation, and retirement. It categorizes assets into classes, tracks depreciation for accounting and tax purposes, and allows for various posting methods. The Asset Explorer tool provides insights into asset details, while asset closing involves reconciliation and year-end procedures.

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7 views2 pages

Resume Asset Accounting SAP

Asset Accounting (FI-AA) in SAP manages fixed assets throughout their lifecycle, including acquisition, depreciation, and retirement. It categorizes assets into classes, tracks depreciation for accounting and tax purposes, and allows for various posting methods. The Asset Explorer tool provides insights into asset details, while asset closing involves reconciliation and year-end procedures.

Uploaded by

Jiven
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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Resume: Asset Accounting in SAP

Asset Accounting (FI-AA) is a key component in the SAP Financial Accounting


module used to manage and monitor fixed assets. It enables organizations to track
the lifecycle of assets from acquisition to retirement, including depreciation and
revaluation processes.

Each company code in SAP may have multiple assets, and assets can be assigned to
specific business areas. For example, if a company like TSM has campuses in Grogol
and Bekasi, a vehicle located at the Grogol campus is categorized accordingly for
asset tracking purposes.

Assets are grouped into asset classes, where each class shares similar
characteristics and number ranges. One example is a low value asset, such as a
mouse purchased with a computer, which can be tracked separately for accounting
purposes.

SAP uses depreciation areas to represent different types of depreciation: book


depreciation (accounting), legal depreciation (for tax), and cost accounting
depreciation. The control data for these areas includes:
- Depreciation Key: defines the calculation method
- Estimated Life: how long the asset can be used
- Normal Depreciation Start Date: when depreciation starts (based on use, not
purchase)
- Index: for tracking maintenance needs
- Previous Usage: indicates prior use of an asset

Account determination refers to the General Ledger (GL) accounts associated with
asset transactions. In cost accounting, the focus lies on tracking expenses and
revenue. Parallel depreciation is used for multinational companies to comply with
different reporting standards.

Group assets are collections of similar assets, while asset sub-numbers allow for
components of a larger asset to be tracked individually. Each asset transaction is
assigned a transaction type to identify whether it's an acquisition, depreciation, or
revaluation.

There are three main ways to post asset transactions in SAP:


1. Non-integrated: using clearing accounts (no vendor/customer master data)
2. Integrated with AP/AR: standard posting with vendor/customer master data
3. Via Material Management: requires purchase orders

The Asset Explorer tool allows users to view asset details, such as:
- Planned Value: upcoming transactions
- Book Value: current asset book value
- Depreciation Parameters: including asset lifespan
- Comparison View: cross-period or area analysis

Assets under construction (AUC) are assets still being developed. These can be:
1. Created via Investment Order: for project-based construction
2. Acquired and renovated: using standard asset acquisition
AUCs can be split in settlement rules—for example, if a building is partially an
apartment and partially a hotel.

Asset Closing involves both technical and legal tasks. These include:
- Reconciliation between FI-AA and G/L
- Stock-taking (inventory)
- Depreciation posting runs
- Posting accumulated depreciation to balance sheet
- Year-end closing procedures
- Generating asset history sheets

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