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Asset Accounting in SAP (Udemy.com)

Learn the concepts of SAP Asset Accounting (FI-AA) in depth. View the implementation of Asset Accounting on SAP system.

3.5
( 13 Reviews )

Created by: Uplatz Training

Produced in 2021

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What you will learn

  • Comprehensive coverage of all topics of SAP Asset Accounting (FI-AA)
  • Understand the concepts of SAP Asset Accounting
  • Core components of FI-AA
  • Important configurations of FI-AA
  • Step-by-step demonstration of Asset Accounting on SAP system
  • Sale of fixed assets
  • Transfer, impairment, scrapping of assets
  • Creation of asset classes, main asset master records, sub asset master records
  • Become an SAP FICO Consultant
  • This course will help you prepare for SAP FI-CO Certification
  • Application & usage of Asset Accounting in industry

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Overall Score : 70 / 100

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Course Description

Asset Accounting in SAP system (FI-AA) is primarily used for managing, supervising and monitoring fixed assets. Asset Accounting is classified as a subset of Financial Accounting and serves as a subsidiary ledger to the general ledger providing detailed information on transactions involving fixed assets.
SAP Asset Accounting is also called as sub ledger accounting and is one of the important sub-modules of SAP Financial Accounting (SAP FICO) module. The main purpose of asset accounting is to determine the exact value of the fixed assets owned by the company as on a particular date.
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.
Asset Accounting course contentCopy reference chart of depreciationAssignment of chart of depreciation to company codeCreation of 0% tax codes for sales and purchasesDefining account determinationDefinition of screen lay out rulesDefinition of number ranges for asset masterCreation of asset classesIntegration with General Ledger & Posting rulesDefining Depreciation keyDefinition of multilevel methodsDefinition of period control methodsCreation of main asset master recordsCreation of sub asset master recordsPosting the transactions for Acquisition of fixed assetsDepreciation run and Asset explorerSale of fixed assets with customer and without customerTransfer of assetsImpairment of assetsScrapping of assets,Line item Settlement of assets under construction of capital work in progressSAP FI-AA componentsThe important components SAP Asset Accounting are:
Basic Functions:
Master data (asset maintenance)Basic valuation functionsDepreciationTransactions, such as asset acquisitions and retirementsClosing operationsAnd moreSpecial Valuations: For example, for investment support and insuranceProcessing leased assetsPreparations for consolidation for group financial statementsInformation SystemImportant Configurations of SAPFI-AAThe important configurations in SAPAsset Accounting are:
How to define charts of depreciationDefine tax code on sales and purchasesHow to Assign chart of depreciation to company codeHow to specify account determinationHow to create screen layout rulesHow to Maintain asset number range intervalsHow to define asset classesHow to Determine depreciation areas in asset classesHow to Specify intervals and posting rulesHow to define screen layout for asset master dataProcedure to maintain screen layout for depreciation areashow to create base methodsHow to create declining balance methodHow to create multilevel methodHow to create depreciation key in SAPCreate asset master data in SAPCreate sub asset master data in SAPIntegration of SAPAsset Accounting with other SAPmodulesAsset Accounting transfers data directly to and from other systems. As an instance, 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.
Who this course is for:
SAP FICO Consultants / Managers / End UsersAnyone aspiring to become SAP FICO Consultant or ManagerSAP & ERP ProfessionalsBusiness Analysts & ConsultantsFinancial Analysts & ConsultantsProject Managers & SupervisorsAccountants & CAs (Chartered Accountants)Anyone aspiring for a career in SAP
Read More product length iconTime: 3h

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Instructor Details

Uplatz Training

Uplatz is UK-based leading ITTraining provider serving students across the globe. Our uniqueness comes from the fact that we provide online training courses at a fraction of the average cost of these courses in the market.
Over a short span of 3 years, Uplatz has grown massively to become a truly global IT training provider with a wide range of career-oriented courses on cutting-edge technologies and software programming.
Our specialization includes Data Science, Data Engineering, SAP, Oracle, Salesforce, AWS, Microsoft Azure, Google Cloud, IBMCloud, SAS, Python, R, JavaScript, Java, Full Stack Web Development, Mobile App Development, BI& Visualization, Tableau, Power BI, Spotfire, Data warehousing, ETL tools, Informatica, IBMData Stage, Digital Marketing, Agile, DevOps, and more.
Founded in March 2017, Uplatz has seen phenomenal rise in the training industry starting with an online course on SAPFICOand now providing training on 5000+ courses across 103 countries having served 300,000 students in a period of just 3 years.
Uplatz's training courses are highly structured, subject-focused, and job-oriented with strong emphasis on practice and assignments. Our courses are designed and taught by more than a thousand highly skilled and experienced tutors who have strong expertise in their areas whether it be AWS, Azure, Adobe, SAP, Oracle, or any other technology or in-demand software.

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Reviews

3.5

13 total reviews

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By Llewellyn Carby on 11/9/2020

VERY DETAIL AND THE LECTURER SHOWS YOU THE FLOW IN A LOGICAL PROCESS
GREAT JOB

By Daksha Shah on 10/13/2020

Great explanation from the tutor.

By Saidurga on 5/25/2020

Basic part of asset accounting is covered clearly. It could be made little bit fast to cover some more topics.

By Ashraf on 5/23/2020

Very Good Explanation

By Partha Chowdhury on 5/13/2020

Please don't buy this course this is not complete...as per the Course content Impairment of asset, Scrapping of assets, Line item Settlement of assets under construction of capital work in progress are the part of the curriculum ..however it's not been covered . i will be asking for refund....
List of items not covered :
1. Impairment of assets
2. Line item Settlement of assets under construction of capital work in progress
3. Scrapping of assets,

By Archit Parikh on 5/13/2020

Very Good explanation about the different processes involved in Asset Accounting. If the Impairment process video can be available than it can be more helpful to understand the full FI-AA cycle.

By Salem Sofiane MALOUM on 2/23/2020

Beyond the expected, I hoped it included integration with MM, but it is not important, thanks

By Smruti Ranjan Senapati on 2/22/2020

ok

By Satya on 2/9/2020

Good but we have few more important things in asset accounting those are not covered.

By Dimas Daniel Gonzlez Parra on 2/6/2020

Excelente Curso muy Completo Customizing y Funcional de Activos Fijos Biennnnnn

By Babu on 7/11/2019

yes

By Gaurav Singh on 1/26/2019

its not complete

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Asset Accounting in SAP
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  • Video Duration: icon 3h
  • Price: 11.99 Track Price 11.99 Track Price
  • Provider: icon Udemy
  • Year: icon 2021
  • Language: icon English
  • Certificate: icon Yes
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