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

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Introduction to Asset Accounting

Introduction to Asset Accounting - SAP ERP Tutorial

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

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Introduction to Asset Accounting

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- [Instructor] Hi, so in this lesson, we're going to look at the Asset Accounting sub-module. So we'll recognize the scope and function of Asset Accounting or AA, which is a sub component of Financial accounting, FI. So, we'll review the basic Accounting processing SAP for Assets, we'll review the Master Data record, and understand the common tasks performed in Asset Accounting and integration points. And then we'll look at some Asset Accounting reporting scenarios. In terms of our initial components, this is the last Subledger we're going to look at. Which is the Asset Accounting one, which is also linked to the General Ledger with a Recon account. So, first the main function of Asset Accounting is there to manage and record financial transactions related to fixed assets, for instance, things like Plants and Equipment, Fixtures and Fittings, IT Equipment anywhere, et cetera. So the Asset Accounting Subledger is also linked to the General Ledger with a Reconciliation Account, and this…

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