This comprehensive configuration guide [102 Pages PDF] covers the end-to-end setup of the SAP S/4HANA Asset Accounting (FI-AA) module for a fictitious company operating in the United States, with reporting requirements for US GAAP, IFRS, the local currency (USD), the group currency (EUR), and a hard currency (GBP). It serves as a valuable reference for professionals tasked with implementing the Asset Accounting module in SAP S/4HANA to meet diverse financial reporting needs.
The guide meticulously walks through following configuration tasks:
- Activate Business Functions
- Copy Reference Chart of Depreciation
- Assign Accounting Principles to Depreciation Areas
- Assign Chart of Depreciation to Company Code
- Define Asset Classes
- Configure Depreciation Keys (Base, Declining-Balance, Multi-Level Methods)
- Define Screen Layouts for Asset Master Data and Depreciation Areas
- Integration with General Ledger (Assign G/L Accounts, Posting Keys)
- General Valuation Settings
- Special Valuation Settings
- Information System Configuration (Forms, Reports)
- Asset Data Transfer from Legacy Systems
- Revenue Distribution for Asset Retirement
- Consistency Checks