You must learn these Asset Accounting settings and configurations practically in order to properly set up the Asset Accounting into the SAP system. Depreciation Calculation of Fixed Assets.Asset Valuation for calculation of APC – Asset Purchase and Acquisition cost.Integration of ledgers with Asset Accounting.Here is a list of things that an SAP FICO consultant certainly does as part of the Asset Accounting Configuration in SAP. SAP Asset Accounting configuration includes a lot of internal configurations and settings. Required Settings for Asset Accounting Configuration in SAP Hence, the knowledge of the sap asset accounting process is very important for project implementation and configuration. It is surely one of the important submodules of SAP ERP Financial Accounting. SAP Asset Accounting process includes Acquisition, Asset Capitalization, retirement, transfer, depreciation calculation and posting of fixed assets. Lastly, Pass depreciation from FI-AA to SAP CO. Further, Capitalize the asset maintenance expenses in FI-AA using asset settlements through the PM module.Post asset sales from FI-AA to a customer account using FI-1R.Directly post the goods or invoice receipt from MM or PP to FI-AA.What you can do with Asset Accounting in SAP FICO
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