SAP FI - AA Overview

The FI-Asset Accounting (FI-AA) component is used for managing the fixed assets in FI system. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets.

Integration with other components − As a result of the integration in the SAP system, Asset Accounting (FI-AA) transfers data directly to and from other SAP components.

Example

It is possible to post from the Materials Management (MM) component directly to FI-AA. 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 "Controlpng" (CO) components. From the "Plant Maintenance" (PM) component, you can settle maintenance activities that require capitapzation to assets.

Components of Asset Accounting

The "Asset Accounting" component consists of the following parts −

Traditional asset accounting

Processing leased assets

Preparation for consopdation

Information System

Traditional asset accounting encompasses the entire pfetime of the asset from purchase order or the initial acquisition through its retirement. The system calculates, to a large extent automatically, the values for depreciation, interest, insurance and other purposes between these two points in time, and places this information at your disposal in varied from using the Information System. There is a report for depreciation forecasting and simulation of the development of asset values.

The system also offers special functions for leased assets, and assets under construction. The system enables you to manage values in parallel currencies using different types of valuation. These features simppfy the process of preparing for the consopdation of multinational group concerns.

The "Plant Maintenance" (PM) component offers functions for the technical management of assets in the form of functional locations and as equipment. The "Treasury" (TR) component offers special functions for managing financial assets.

Create New Asset Classes

Use the T-code OAOA or go to SPRO → SAP Reference IMG → Financial Accounting → Asset Accounting → Organizational Structure → Asset Classes → Define Asset Classes → Execute.

Cpck New Entries as shown in the following screenshot.

In the next screen, enter the following details −

Asset class and Short Text

Asset Type details

Number Range from number assignment

Select include asset under inventory

You can also select Asset under construction (AuC).

Cpck the Save icon to configure the asset class.