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Component documentationAsset Accounting (FI-AA) (New)

 

Asset Accounting in the SAP system is used for managing and monitoring fixed assets. In Financial Accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets.

Implementation Considerations

Asset Accounting is intended for international use in many countries, irrespective of the nature of the industry. This means, for example, that no country-specific valuation rules are hard-coded in the system. You give this component its country-specific and company-specific character with the settings you make in Customizing. To minimize the time and energy involved in Customizing, country-specific standard Customizing settings are provided where possible.

The Implementation Guide (IMG) for Asset Accounting (New) provides the necessary functions for this Customizing.

In SAP Accounting powered by SAP HANA only new Asset Accounting is available with new General Ledger Accounting. For you to be able to use new Asset Accounting, you need to have activated and set up the General Ledger Accounting (FI-GL) (New) application component.

For more information on the prerequisites for new Asset Accounting and how you implement it, see Customizing for Asset Accounting (New) under New Asset Accounting: Preparation and Activation.

Integration

As a result of the integration in the SAP system, Asset Accounting transfers data directly to and from other systems. For example, it is possible to post from the Materials Management MM component directly to Asset Accounting. When an asset is purchased or produced in-house, you can directly post the invoice receipt or goods receipt, or the withdrawal from the warehouse, to assets in the Asset Accounting component. At the same time, you can pass on depreciation and interest directly to the Financial Accounting (FI) and Controlling (CO) components. From the Plant Maintenance (PM – Plant Maintenance) component, you can settle maintenance activities that require capitalization to assets.

Features

The Asset Accounting component consists of the following parts:

  • Basic Functions:

    • Master data (asset maintenance)

    • Basic valuation functions

    • Depreciation

    • Transactions, such as asset acquisitions and retirements

    • Closing operations

    • And more

  • Special Valuations: For example, for investment support and insurance

  • Processing leased assets

  • Preparations for consolidation for group financial statements

  • Information System

The basic functions cover the entire life of the asset from the purchase order or initial acquisition (which can be managed as an asset under construction) all the way to the asset retirement. The system calculates, to a large extent automatically, the values for depreciation, interest, insurance and other purposes between these two points in time, and places this information at your disposal in varied form using the Information System. There is a report for depreciation forecasting and simulation of the development of asset values.

The system enables you to manage values in parallel currencies using different types of valuation. These features simplify the process of preparing for the consolidation of multi-national group concerns. For parallel valuation, you can flexibly assign the depreciation areas of Asset Accounting to the ledgers of the general ledger. The system posts parallel values with the actual values in real time; separate documents are posted for each valuation (that is, each accounting principle).

Note Note

The following functions are covered by other components: The Plant Maintenance (PM) component offers functions for the technical management of assets in the form of functional locations and as equipment. The Treasury and Risk Management (TRM) component offers special functions for managing financial assets.

End of the note.