New asset accounting overview of sap s4hana finance. You will find explanations of the key and mandatory fields on each transaction screen. Ledger approachifrs implementation, new asset accounting in. Asset accounting in sap simple finance new asset accounting configuration in. Sap easy access sap menu accounting financial accounting fixed asset posting acquisition. Asset accounting module in sap manages fixed assets data of an. Asset purchased new set this indicator if the asset. Asset accounting in sap simple finance new asset accounting. See what sap s4hana can do for your asset accounting processes. Sap s4 hana 1709 new asset accounting legacy asset transfer. Sort variant definition in asset accounting reports sap. Sep 12, 2017 author of several sap press ebites on the grir and the payment program and more recently. With this app you can easily access key information and kpis within the asset accounting area, and gain insight into current trends.
The following paragraphs and pictures will describe an example in steps of an asset acquisition and the functionality of the main fields and buttons. Pdf asset accounting conn guration in sap erp a stepby. An easy demonstration of sap s4 hana capabilities using an example of legacy asset transfer business process through gui. All the sub modules are interlinked and integrate in real time. Through this, the tracking the postings of all valuations is made possible without considering the postings of all the leading valuation, which is quite similar to the case in classic asset accounting. Additional advantages of migrating to new fiaa in sap s4 hana are listed below. This guide will introduce you to the key functionality and new data structure for fiaa i.
The beauty of new asset accounting is always systems will posts the separate documents per each accounting principle, like ledger specific document in new gl. Tradein of existing assets toward the purchase of a new asset p. Sap fi asset configuration it training and application. Ensure a smooth transition to sap s4hana finance with this system conversion guide. New asset accounting in s4 hana linkedin slideshare. There is no longer a need to have a derived depreciation area. New asset accounting features in new asset accounting advantages in new asset accounting technical changes to the table configuration changes changes and deleted functions new bapis technical clearing account migration procedure sap.
You will learn how to configure asset accounting, manage asset master data, and perform day to day and periodic asset transactions. In s4 hana finance new asset accounting is must to use and for new asset accounting it is must to use new gl. This course gives you a thorough overview of the sap erp asset accounting offering. As i said above details depreciation postings will happen each asset wise. Enterprise asset management eam software solutions sap. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting. Users of this app need access to the purchase order items by account assignment app f2420 in order to view data in the open purchase orders with account assignment. Pdf sap financial accounting configuration steps sap. Configuring sap erp can be a daunting exercise, however, and there are few resources that address these issues. Asset accountingaa overview asset accounting as a subledger asset class chart of depreciation master data createchange asset master record acquisitions settlement of an asset under construction auc retirement depreciation 3. Configuration on asset management part 1 sap blogs. Asset accounting with sap s4hana book and ebook by.
Further, with upgradation to ehp7 and new asset accounting, it is to my understanding that no more hard coupling of depreciation area 01 scenario will prevail and subsequent change of depreciation area using sap. Would you like to participate in a short survey about the sap help portal. Asset accounting with sap s4hana book and ebook by sap. If new gl in sap is activated, a financial accounting document always has two views. Configuration of new asset accounting pdf document.
Sap library asset accounting fiaa new sap help portal. New asset accounting ehp7 functionality and configuration sap. General ledger, providing detailed information on transactions involving fixed assets. Asset acquisition with transaction code abzon to acquire an asset go to navigation. See what sap s4hana can do for your asset accounting fiaa processes. The data entry view shows a document as it is normally displayed or entered in accounts receivable or accounts payable accounting or in asset accounting. Sap simple finance 3 with sap s4 hana, sap is providing a new product and a next generation of business applications simple enterprise software for big data and is designed to help you run. Subsequently create a new depreciation area in new asset accounting.
To use this solution, prerequisite is the use new gl accounting. The sap fiori apps reference library has details about the content necessary for giving users access to an app on the sap fiori launchpad. Pdf financial accounting in sap s4hana academy part ii part i. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting all the sub. Implementing the new lease accounting st andard in sap landscapes 2 lease accounting compliance considerations in order to comply with the new lease accounting rules, companies must define a comprehensive approach and compliance road map that not only include the policies and procedures for processing assets. Asset accounting module thus acts as a sub ledger to the fi module for managing asset. Asset accounting configuration steps in sap fico asset. Aa module provides the complete information about the fixed assets transactions inside a company. Advantages in new asset accounting smart migration compatibility views in sap s4 hana have the same name as previous tables to.
What are the deprecation areas that are taken into consideration for indian implementation and how there are treated in asset accounting. Classic asset accounting is mostly transformed automatically into the new asset accounting by executing mandatory migration steps related to asset accounting. Learn about the new data structure that enables you to manage and monitor your fixed assets. Sales of asset purchase of asset, scraping of asset, deprecation posting, transfer of an asset. The course focuses on the accounts solution for parallel accounting. Asset purchased new set this indicator if the asset was purchased new.
May 17, 2017 sap s4hana finance formerly sap simple finance comes with a lot of features, such as the universal journal, streamlined design, and realtime analytics. Asset accounting fiaa new asset accounting in the sap system is used for managing and monitoring fixed assets. However, lately it has gained attention because it is a mandatory step to activate new asset accounting. For example, it is possible to post from the materials management mm. Asset class is one of the main components used to classify assets. Every asset created in sap system must be created under only one specific asset class. Asset accounting in the sap system is used for managing and monitoring fixed assets.
It has been available since sap ecc enhancement pack 6. In new asset accounting you no longer need to post with restricted transaction types exception. Apart from controlling the account determination, assignment of the number range etc. Training video explaining the concepts of sap new asset accounting. Sap ag asset accounting fi aa icons icon meaning caution example note recommendation syntax april 2001 3. Introducing new asset accounting in s4 hana sap experts. Sap new asset accounting configuration session 1 youtube. In sap accounting powered by sap hana only new asset accounting is available with new general ledger accounting. In sap r3 financial accounting, it serves as a subsidiary ledger to the fi. Sort versions determine the sort keys and summation criteria for your asset. Walk through the configuration that underpins all of asset accounting, starting with.
Introduction asset accounting module in sap manages fixed assets data of an organization by way of asset master records. Asset accounting configuration in sap erp fills that resource gap by covering the major aspects of sap fiaa for anyone with sap experience and the basic accounting knowledge and bookkeeping skills necessary to apply configuration. Aug 31, 2017 welcome to the new version of sap community wiki. The fiscal year and fiscal period filters only affect the data shown in the following cards. In oss note 1776828 sap recommends activation of new asset accounting for new customers. Jul 27, 2015 with sap enhancement package 7, a new functionality is available in asset accounting to manage parallel valuations. For you to be able to use new asset accounting, you need to have activated and set up the general ledger accounting figl new application component. From the general ledger to asset accounting and beyond, youll align your new system with existing finance requirements more about the book. Due to the streamlined model, depreciation postings and. Create asset master as01, change asset master as02, display asset master as03 asset acquisition. To use this solution, prerequisite is the use new gl accounting with ledger approach. Asset accounting setup is mandatory in sap s4hana so get the details you need to get it up and running.
The first version of new asset accounting was actually introduced in 20 on sap ecc6 enhancement pack 7. From designing and value discovery to accelerated innovation to productive usage for tangible business results, you can evolve your business by breaking new ground with a trusted adviser that knows sap software best. If you use new asset accounting, you are not allowed to use certain components, business functions, or functions. Controlling, financial accounting, investment management, materials management, project systems ps, sales and distribution, treasury. Mar 25, 2017 classic asset accounting is mostly transformed automatically into the new asset accounting by executing mandatory migration steps related to asset accounting. Services and support from sap connects business and it to help you close the gap between your digital transformation strategy and execution. The new sap asset accounting fiaa module is one example of a financial module that has been redesigned in the s4hana suite to increase process efficiencies across the life cycle of an. Ledger approachifrs implementation, new asset accounting.
Learn how to configure asset accounting in sap fico and. As one selection parameter, sort variant sort version can be used to highlight variable information in reports. Investment measures can be managed in the form of internal orders or projects. To also benefit from management accounting functions that go beyond the asset accounting level, you can use capital investment measures in the investment management im component. Scenarios in sap new gl general ledger accounting skillstek. Author of several sap press ebites on the grir and the payment program and more recently. You must assign a chart of depreciation to each company code that is defined. Follow stepbystep instructions for data migration and functional configuration. Enterprise activation eafin is required for fiaa new, check the oss note 1121965 for further. Jan 02, 2011 this document provides step by step guides for commonly used business processes by endusers related to asset accounting submodule in sap.
Apr 20, 2017 sap asset accounting complete configuration live demo. New company code 70 new business area asset ac debit. What are the gl entries that occur in asset accounting. As of release sap s4hana 1809, the bseg table will no longer be updated with the depreciation run transaction afab, afabn refer sap note 2383115. Asset accounting module in sap is a very important module. Walk through the configuration that underpins all of asset accounting, starting with organizational structures and master data. As a result of the integration in the sap system, asset accounting transfers data directly to and from other systems. Consultancy for customization and configuration of sap fi and.
The following document contains information about use of this functionality for a new implementation customer. Asset accounting is permanently reconciled with new gl. Implementing the new lease accounting standard in sap. Sap asset accounting complete configuration live demo. Sep 22, 2016 new asset accounting enables the posting on a real time in all valuations, which is also applicable for all accounting principles. Whats new in sap enterprise asset management erp and s4hana. The asset accounting module of finance accounting works closely with other modules like sap mm, sap plant management, ewm, etc.
Introducing new asset accounting in s4 hana erpfixers. If you have activated asset accounting in enhancement package 7, you need to install sap s4hana. For example, you can post from the material management. For improved user experience and performance, the asset accounting overview app now has filters for fiscal year and fiscal year period. Hi friends what are the gl entries that occur in asset accounting. Sap easy access sap menu accounting financial accounting fixed asset. In sap accounting powered by hana system, you have only new asset accounting available with new gl accounting.
The migration process entails adjustments to customizing settings and the migration of documents. S4 hana new asset accounting considering key aspects sap. The details in the release note for sap accounting 1. Sap asset accounting module tutorial, tcodes and tables. The app provides a central source of information for the asset accountant, and offers a range of filters and builtin navigation to related apps. Asset accounting is a component of sap fico module. It manages fixed assets data of an organization by way of asset master records. Sap simple finance asset accounting tutorialspoint. The asset accounting fiaa component is used for managing and supervising fixed assets with. Further, with upgradation to ehp7 and new asset accounting, it is to my understanding that no more hard coupling of depreciation area 01 scenario will prevail and subsequent change of depreciation area using sap system landscape optimization slo service will not be necessary for migration scenario 7.
This guide will introduce you to the key functionality and new data structure for fiaa in sap s4hana. Installimplementation of s4hana in asset accounting. Asset accounting conn guration in sap erp a stepbystep guide andrew okungbowa. So how we can handle new gl in s4 hana finance without proper migration from classical gl to new gl while migrating from ecc using classical gl to s4 hana finance.
Sap simple finance training for new asset accounting. For more information on the prerequisites for new asset accounting and how you. Consultancy for customization and configuration of sap fi. Consultancy for customization and configuration of sap fi and mm at fbr. Aa module provides the complete information about the fixed assets. New asset accounting features in new asset accounting advantages in new asset accounting technical changes to the table configuration changes changes and deleted functions new bapis technical clearing account migration procedure sap notes for more information 1. In customizing for financial accounting new, you have checked the settings for the transfer of depreciation to general ledger accounting under asset accounting integration with the general. Asset accounting co nn guration in sap erp a stepbystep guide andrew okungbowa. The new lease accounting standard made easy with deloitte and sap. This video explains the concept of asset accounting in sap fico. Asset accounting module thus acts as a sub ledger to the fi module for managing asset records.
Asset accounting in simple finance is used for monitoring of assets in sap system. Asset accounting in sap fico asset accounting part 1. With sap enhancement package 7, a new functionality is available in asset accounting to manage parallel valuations. Sap new asset accounting training in simple finance includes the following. In financial accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. Sap s4hana is based on new general ledger accounting figl and new asset accounting. As a result of the integration in sap erp, asset accounting fiaa transfers data directly to and from other sap ecc components.
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