Asset Accounting (J62)

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 update depreciation and changes to asset balance sheet values in asset accounting. You 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 such as Financial Accounting (FI) components.

Key Process Steps Covered

• Create asset master
• Acquire assets
• Retire assets
• Valuate assets
• Perform month-end closing
• Perform year-end closing
• Purchase asset from purchase order
• Create legacy assets

Benefits

• Get a transparent view of asset acquisition
• Provide efficient automated processing
• Calculate values for depreciation
• Record depreciation

Where is Asset Accounting(J62) 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

• Best Practices of SAP S/4HANA On Premise *1
• Best Practices of SAP S/4HANA Cloud *2
• Best Practices of SAP Analytics Cloud *2
• Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

• RISE with SAP
• SAP S/4HANA Cloud
• SAP on Azure
• Business Process Management