This course will focus on how SAP Accounting for Fixed Asset module manages general assets, transactions, retirements, changes and other activities. This will also include Fiscal year management, depreciation of assets. The starting point of the course will introduce the concept of Fixed Asset Master Records and data through creation, changing and management of assets and will give explanations with regards as to how they will relate to transactional processes. The course will also touch on the structures of Fixed Asset Accounting as a financial record and their significance to processes that are critical to the business accounting in the recording of accounting transactions such as revenues, adjustments, changes, depreciation and retirements/scrapping of assets and also assist in areas of internal and external reporting.
Master records fields and their impact on transactional processing will also be under focus. During course trainees will be taken through the steps in the creation of the fixed asset Master records execute transactional processes in areas of: parking, posting, document changing, accounts, depreciation and document reversals, fiscal year closing and reporting.
At the completion of the course the delegates should be able to;
Understanding Company Codes, Classes, Types and SAP numbering of Assets
Understand SAP language and Financial Accounting Module
Creation and Managing Fixed Assets
Changing Fixed Assets
Acquisitions of Assets
Access to Transactions, between clients, Vendors and the Business