Asset Accounting - Group Ledger US GAAP (33F)

Asset Accounting - Group Ledger US GAAP (33F)

Asset accounting is a subsidiary ledger of the general ledger and is used to manage and document fixed asset transactions in detail. In general ledger accounting, you can update depreciation and make changes to asset balance sheet values in asset accounting. You can also make various account assignments to cost accounting for these transactions. Because of the integration in SAP S/4HANA, Asset Accounting (FI-AA) transfers data directly to and from other SAP S/4HANA components like Financial Accounting (FI) components.

Ledger-specific transactions and reports support analysis of depreciation and asset balance to fulfill different accounting principle, such as Asset Revaluation, Depreciation Reporting, Manage Depreciation Runs, Asset Balance, and Asset Total Depreciation.

This scope item is for US GAAP.

Key Process Steps Covered

  • Create asset submaster
  • Valuate assets
  • Perform month-end closing
  • Perform year-end closing

Benefits

  • Support US GAAP accounting principle
  • Calculate values for depreciation in parallel ledger
  • Analyze asset balance for various depreciation areas

Additional Information

  • This scope item is excluded from the default activation

All starter, demo, and trial systems are set up by default with group ledger IFRS. This scope item is therefore excluded. Customers can decide to use this scope items in the Q- and P-systems based on the selected scope bundle.


Where is Asset Accounting - Group Ledger US GAAP(33F) being used?

This Scope item is used in the following way:

  • As a support function of Accounting and Financial Close within Finance Scope Item Group

Process flow of Asset Accounting - Group Ledger US GAAP (33F)

Find below the process flow of the scope item Asset Accounting - Group Ledger US GAAP as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Asset Accounting - Group Ledger US GAAP (33F) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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