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Acting as a sub ledger to the Finance Module in SAP, Fixed Asset Accounting allows managing master data records of fixed assets in an organization.

This SAP FI-AA Configuration guide contains features and settings to effectively track your organization’s fixed assets. Following list of customization procedures are captured in detail;

• Specify Description of Chart of Depreciations
• Copy/Delete Depreciation Areas
• Assign Accounting Principles to Deprecation Areas
• Specify Transfer of APC Values
• A Specify Transfer of Depreciation Terms
• Define Deprecation Area for Quantity Update
• Specify the use of Parallel currency
• Assign Input Tax Indicator for Non-Taxable Acquisitions
• Assign Chart of Depreciation to company code
• Define Deprecation Areas for Foreign Currencies
• Specify Account Determination
• Define Number Range Interval
• Define Asset Classes
• Integration with the General Ledger
• Define How Depreciation Areas Post to General Ledgers
• Additional Account Assignment Objects
• Activate Account Assignment Objects
• Specify Account Assignment Types for Account Assignment Objects
• Integration with G/L Accounts
• Assign G/L Accounts
• Specify Posting Key for Asset Posting
• General Valuation
• Define Depreciation Area for Quantity Update
• Specify Transfer of APC Values
• Specify Transfer of Depreciation Terms
• Determine Depreciation Areas in the Asset Class
• Define Depreciation Areas for Foreign Currencies
• Specify the Use of Parallel Currencies
• Specify Depreciation Areas for Group Assets
• Specify Asset Classes for Group Assets
• Define Declining-Balance Methods (Optional)
• Define Maximum Amount Methods (Optional)
• Define Multi-Level Methods (Important)
• Maintain Period Control Methods
• Maintain Depreciation Key
• Define the Cutoff Value Key (Optional)
• Define Maximum Base Value (Optional)
• Special Valuation
• Asset Data Transfer-Parameters for Data transfer
• Define Offsetting Account for Legacy Data Transfer
• Transfer Foreign Currency Areas
• Specify How Default Asset Value Date is Determined
• Define or Assign Forms
• Define Revenue Distribution for Fixed Asset Retirement
• Specify Group Depreciation Areas

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