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
Download – FI Fixed Asset Configution in SAP S4 Hana Enterprise Management