From the course: SAP S/4 HANA Financial Accounting Overview

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Asset Accounting: Fiori Apps

Asset Accounting: Fiori Apps - SAP ERP Tutorial

From the course: SAP S/4 HANA Financial Accounting Overview

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Asset Accounting: Fiori Apps

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- [Instructor] In terms of asset master records, there's a Fiori app here called Managed Fixed Assets. It's a very powerful app with lots of different views. Each view contains just different information. These are the views along the bottom here. We'll look at the general view and the values view. So the general view has descriptive information, like the asset description itself, in this case, Machine 1, the asset number, 1,001. And also a link to the account determination or the general ledger recon account for the general ledger. So this is how the asset's master record is linked to the general ledger, with its recon accounts. Now, let's look at the values view. So if I click on the values view shared within the same Managed Fixed Assets Fiori app, we can now see the two main accounting principles at play here. Here's the IFRS and here's the local GAAP one. In this case, the depreciation key or method and the useful life of 10 years is the same for both assets and depreciation…

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