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SAP New Asset Accounting Training

30 Hours
Online Instructor-led Training
USD 1120
SAP New Asset Accounting Training online course and certification
55 Learners

About this Course
SAP New Asset Accounting (FI-AA), a financial module redesigned in the S/4 HANA suite to increase process efficiencies across the lifecycle of an asset, In SAP system is used for managing and monitoring fixed assets. SAP New Asset Accounting offers immense benefit over traditional Asset Accounting. By giving complete information on transactions involved in fixed assets, asset accounting acts as a subsidiary ledger to the general ledger. SAP New Asset Accounting minimizes asset register error rates and increases capital efficiency with optimized SAP asset accounting operations. The increasing demand in skilled finance professionals over last few years has given rise to ample of opportunities for finance professionals. SAP Asset Accounting is a perfect and transparent solution for companies of all sizes that are subject to increased scrutiny by government agencies, regulatory boards and investors, and accountability.

The SAP New Asset Accounting is an instance of a financial module that has be reshaped in the S/4 HANA suite to accelerate process efficiencies across the lifecycle process of an asset. SAP New asset accounting offers huge benefit over traditional asset accounting.
 
Uplatz offers an extensive training program on SAP New Asset Accounting (FI-AA) module. Our FI-AA training focuses on managing FI-AA master data and on the handling of the various business processes in FI-AA, including topics such as periodic processing, evaluation and depreciation and standard reporting. As FI-AA is a sub-ledger of FI, the students will learn about organizational structures in Asset Accounting and FI, methods to configure and customize FI-AA, and the like. Find out how configuration possibilities can affect the application and the business processes. This is a perfect course for anyone wishing to make a career in financial accounting and specifically in SAP thus maximizing their chances for a rewarding career.

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Did you know?

·       New functionality is available in SAP New Asset Accounting to manage Parallel Valuations. You can handle parallel valuation of your assets using both the ledger approach and the accounts approach.
·       Data redundancy has reduced, and you must use fewer FI-AA tables. Actuals is stored in the universal journal (ACDOCA) instead of in a variety of tables (including ANEP, ANEK, ANLC, ANLP, and ANEA). Plan and statistical data are stored in individual tables.
·       A mix between human and pure robot advice called Cyborg advice represents a paradigm shift in the path of change in the sap New Asset Accounting management industry.
·       According to the research results, there is a huge demand for resources in the field of asset management. If you are a newly-qualified accountant, now it’s a good time to take stock of your career options.

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Objectives of SAP New Asset Accounting Training

The SAP New Asset Accounting online certification course offered by SAP is intended for participants to manage the asset accounting master data and deal with various business processes such as periodic processing, evaluation, depreciation and standard reporting.

·       Configure the Asset Accounting module
·       Create and change master data in Asset Accounting
·       Understand Asset Class, Number range interval, Depreciation keys, Screen Layouts
·       Attain knowledge of depreciation run and transactions
·Identify which FI-AA reports you need to analyse asset values

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Course Description

The SAP new asset accounting is the perfect example of finance sector module that has been restructured in the S/4 HANA platform. The SAP new asset accounting is ideally formed to gain efficiency in the asset lifecycle process.

 

SAP New asset accounting designed with immense features which replaces the current asset accounting process in the organization.

 

The Key features of SAP new asset accounting are:

 

  • Configuring the asset accounting module.

  • Create and modify asset data in asset accounting.

  • Clear understanding of asset class, number range interval, screen layout.
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    Target Audience

     

    • Application consultants

    • Project Manager

    • IT support professional

    • Users

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SAP New Asset Accounting Training

Course Details & Curriculum

Lesson 1: Overview of New Asset Accounting

·       Overview of New Asset Accounting
·       Changes in Asset Accounting
·       Configuring Basic New Asset Accounting
·       Configuring Fixed Asset Accounting

 

Lesson 2: Chart of Depreciation/Depreciation Area/Assign COD to Company Code

·       Depreciation and Calculation Methods
·       Defining Depreciation Areas
·       Determining Depreciation Areas in Asset Class
·       Fiscal Year Specifications
·       Developing Enhancement for determining Company Code Relationship

 

Lesson 3: Define Asset Class/Number range interval/Creation of Asset G/L accounts

·       Asset Class and its usage
·       Asset Class creation
·       Changing the Field Status of the Asset G/L Account
·       Posting GL Account Document for Ledger Group
·       Set or Reset Reconciliation Accounts
·       Technical Clearing Account

 

Lesson 4: Screen Layout - Asset class

·       Screen Layout Rules
·       What are directives

 

Lesson 5: Depreciation Keys - Define Base Method/Define Multilevel method/Period control methods/Depreciation Groups

·       Depreciation Keys
·       Period Control Method
·       Maintaining Period Control Method
·       Straight Line Method
·       Changing Key Words in the Evaluation Group
·       Defining Validation and Substitution

 

Lesson 6: Creation of main Asset master and sub asset master data /Asset transactions

·       Master Data
·       Acquisitions - Defining Transactions types for Acquisition
·       Transaction Types for Transfer Posting
·       Transaction types for Retirement
·       Defining Transaction type for Post Capitalization
·       Defining SAP Queries
·       Defining Document type for Legacy Data Transfer
·       Changing Asset Settings - Master Data

 

Lesson 7: Depreciation run/display of Balances/Master Data Creation


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Career Path

The SAP asset accounting online certification course trained by expert professionals provides wide range of job opportunities owing its efficiency in managing and monitor fixed assets. The leading companies hire SAP asset accounting consultants to manage assets effectively. 

The following are the job titles:

  • Asset master

  • Fixed asset accountant

  • Senior Fixed asset accountant

  • Asset analyst
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Job Prospects

The SAP asset accounting consultant draws an average salary from 77,666 dollar per year based on seniority level.

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Interview Questions

  1. Define SAP asset accounting?

The asset accounting component is used to manage and oversee fixed assets within the SAP system. 

  1. What is the role of asset accounting in terms of financial accounting?

In financial accounting, the asset accounting serves as a subsidiary ledger to general ledger, offering detailed information on transactions which involves fixed assets.

  1. Explain Lean implementation in FI-AA?

A Lean-implementation is referred as the scaled-down version of regular FI-AA configuration in Images, with less configuration needed to enable asset accounting. It is ideal for small sized companies with functionalities such as asset accounting, and also used in situations where the asset catalog size isn’t large.

  1. When should we choose lean implementation?

The lean implementation is chosen when:

  • There is a need more depreciation areas.

  • There is a need to depreciate in foreign currencies.

  • There are group assets

  • There is group consolidation.

  1. Mention different kind of assets in SAP?

An asset is classified into simple and complex. The complex asset contain many sub-assets, each one is identified using an asset sub-number.

  1. What are the possible ways to evaluate an asset in a complex asset?

When a user manages complex asset, the system enables the user to evaluate the asset in below given possible ways:

  • For a single sub-number.

  • For all sub-numbers.

  • For selected sub-numbers.

  1. Define Group asset?

The Group asset is almost very similar to a normal asset except for which it can sub-assets signified by asset sub numbers.

  1. When do we need a group asset?

The group asset becomes necessary only when you need to perform depreciation at a group-level, for some exclusive purposes such as tax reporting.

  1. Define asset super number?

The process of assigning certain number of individual assets to a single asset number. 

  1. Where is the asset super number used?

The asset super number is mostly used only for reporting purposes.

  1. Define Chart of Depreciation?

A chart of depreciation comprises a list of country-specific depreciation areas. It ideally provides rules for evaluating assets that are valid only in certain country or area. SAP comes with built-in charts of depreciation based on the needs of each country. The chart of depreciation also known as reference charts template from which you can form a new chart.

  1. Define Depreciation?

Depreciation is known as the reduction or decline in the asset value in due time. The depreciation is usually calculated by considering the economic life of an asset, percentage rate decline in the asset value every year.

  1. Mention the depreciation areas?

The possible depreciation areas are:

  • Book depreciation in group currency

  • Tax balance sheet depreciation

  • Special tax depreciation

  • Consolidated versions in local/ foreign currency

  • Country-specific evaluation

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