View tcodes, tables and pdf tutorials for getting more idea about this component. It is usually one of the areas that are implemented in sap, and often it goes in the same phase as all other core finance components. Sap s4hana is based on new general ledger accounting figl and new asset accounting. With the sap asset strategy and performance management application, part of the sap intelligent asset management solution portfolio, you can enable asset owners, managers, plant managers, and reliability engineers to improve control, while making maintenance planning easier and more accurate. Alternatively, in aa module, transaction code oamk, there is an option to change control for reconciliation accounts. The new sap asset accounting fiaa module is one example of a financial module that has been redesigned in the s4hana suite to increase process efficiencies across the life cycle of an. The general ledger is used to record all the business transactions in a software system. General ledger accounting is integrated with all application components of the sap system that generate posting data of relevance to general ledger accounting. Create asset parallel ledgers in asset accounting new gl code. New asset accounting is available even if you are not on sap s4 hana as long as you are on sap ecc 6. Sap new asset accounting know whats new ecc to s4 hana duration. Objective of new gl sap has the following objectives behind the introduction of the new general ledger. Configuring sap erp can be a daunting exercise, however, and there are few resources that address these issues. Asset accounting fiaa fi accounts receivable and accounts payable.
Financial accounting in sap s4hana for sap erp fi professionals. Mar 07, 2017 for representing parallel accounting in new asset accounting, you have two scenarios as mentioned below. Adjustments in new asset accounting sap documentation. New general ledger accounting in sap erp insufficient data for accurate rating at this time. Sales of asset purchase of asset, scraping of asset, deprecation posting, transfer of an asset. Ac210e new general ledger accounting in sap erp sap. Further, with upgradation to ehp7 and new asset accounting, it is to my understanding that no more hard coupling of depreciation area 01 scenario will prevail and subsequent change of depreciation area using sap. A general ledger is the data that contains entire transactions of a company. Sprofinancial accounting new gl accounting new preparation for productive startmigration of existing sap dataadditional activitiesmake settings for segment and segment derivation.
In oss note 1776828 sap recommends activation of new asset accounting for new customers. For you to be able to use new asset accounting, you need to have activated and set up the general ledger accounting fi gl new application component. Dear sap aa gurus, i need some clarification on whether the gl accounts for fixed assets need to be assigned field status group g001 general with text, assignment or g067 reconciliation accounts in transaction code fs00. Unit testing in asset accounting asset acquisition retirement scrape asset transfer reports assets under construction miscellaneous configuration. The best run businesses run sap tue, 14 apr 2020 11.
Jan 12, 2018 the customizing for the account and the posting key posting key 70 and 75 debit asset and credit asset field status can be maintained via spro financial accounting new asset accounting integration with general ledger accounting change the field status variant of the asset gl accounts the field status of the posting key can. Therefore i have a question about asset transactions which are made only to the depreciation area 01 which is alligned with the leading ledger. To use the new fiaa module, you must have the sap general ledger activated and running in your sap system. New asset accounting overview of sap s4hana finance. The general ledger accounting task is to provide a comprehensive picture of external accounting and accounts.
Asset accounting configuration in sap erp fills that resource gap by covering the major aspects of sap fiaa for anyone with sap experience and the basic accounting knowledge and bookkeeping skills necessary to apply configuration. Different accounting principles or valuation are mapped in separate ledgers, as in new general ledger accounting. Parallel accounting in new asset accounting powered by sap. In new asset accounting, you can handle parallel accounting using depreciation areas. If you are already on new gl, you could start going through the prerequisites, prechecks and even head start activating new asset accounting. Sap abap application component fiaa asset accounting. In new assets accounting you can use either ledger base account base approach, both the functionality are not going to use simultaneously. These are used to define, which ledger is to be updated during. General ledger accounting figl new sap help portal. Overview of the legacy data transfer in fiaa from a thirdparty system to the sap system notes the course works with a sap erp 6.
Therefore it has to be derived from cost center or order that is linked to asset. Sap abap application component figl general ledger accounting sap datasheet the best online sap object repository. Learn tips for sap erp financials asset accounting implementation, asset accounting integration, and asset accounting configuration. This is defined in customizing under spro financial accounting new general ledger accounting new business transactions document splitting define post capitalization of cash discount to assets. General ledger, accounts payable, accounts receivable.
Sap abap application component fiaa asset accounting sap. Sap fico video training new general ledger, segment reporting, validations. Sap general ledger gl accounting module tutorials, tcodes. Transactions in asset accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation and asset depreciation. Financial accounting new asset accounting integration with general ledger accounting. Asset accounting integration with the general ledger additional account assignment objects. In s4 hana finance new asset accounting is must to use and for new asset accounting it is must to use new gl. Different accounting principles or valuation are mapped in separate ledgers, as in new. Analyzing the posting logic of new asset accounting lesson objectives after completing this lesson, you will be able to. Sap library asset accounting fiaa new sap help portal. Sap general ledger gl accounting module tutorials, tcodes, tables.
New asset accounting is one of the areas that was further optimized to run on s4hana with additional functionality and a new data structure along with full integration to finance via the universal journal and the acdoca table. Profit center accounting in new general ledger accounting. In financial accounting, it serves as a subsidiary ledger to the general. A screen in the general ledger module of sap s s4hana erp suite lets you view a directory of the journal entries that feed data into a gl account. To use this solution, prerequisite is the use new gl accounting with ledger approach. Dear sap aa gurus, i need some clarification on whether the gl accounts for fixed assets need to be assigned field status group g001 general with text, assignment or g067 reconciliation accounts. For each currency in general ledger accounting, as already mentioned above, you have to create parallel depreciation areas in new asset accounting. Ac211 new general ledger accounting in sap erp for sap s. As a result of the integration in the sap system, asset accounting fiaa transfers data directly to and from other sap components. Hi friends what are the gl entries that occur in asset accounting.
Sap new asset accounting key changes in s4 hana finance. Newgl basic overview erp financials community wiki sap. For the ledger approach, note that each ledger can only. Migrating from classic to new asset accounting sap documentation. Asset accounting need to define asset gl accounts as reco. Depending on the functions that you want to use, you have set up the general ledger accounting new figl new application component or the classic general ledger accounting figl. For you to be able to use new asset accounting, you need to have activated and set up the general ledger accounting figl new. Apr 22, 2014 what is the differences between classic gl and new gl, sap new gl vs classic gl, in classic gl an extension to the existing functionality is provided or, compared to classic gl, new functionality is provided, or to perform functionality in classic gl, provide a technologically superior way. Ac211 new general ledger accounting in sap erp for sap. For you to be able to use new asset accounting, you need to have activated and set up the general ledger accounting figl new application component. In these application components, the functions are available as follows.
Accounting global settings new and general ledger accounting new. Sap simple finance is based on new general ledger accounting figl new. This course provides you with knowledge around the concepts of new general ledger accounting. Sap abap application component fiaa asset accounting sap datasheet the best online sap object repository. Now it is hided in sandbox the tables for new general ledger accounting are activated and updated. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general ledger. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Ibm hiring sap fico asset accounting consultant east. The submodules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting all the sub. Sap abap application component figl general ledger. In sap accounting powered by sap hana only new asset accounting is available with new general ledger accounting. Profit center accounting in new general ledger accounting course outline. Other gl accounts summarize transactions for asset categories, such as plant and equipment, and liabilities, such as accounts payable and notes, or loans.
In this fico configuration activity we are able to assign gl accounts related to the asset transaction in sap. In financial accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets. Asset accounting manages all transactions realted to assets for an entity. Asset accounting integration with general ledger accounting.
Ledger approachifrs implementation, new asset accounting. Controlling, financial accounting, investment management, materials management, project systems ps, sales and distribution, treasury. Understand the features and logic of new general ledger accounting. Efficiently handle financial reporting, according to both local and international accounting principles. Sap asset accounting complete configuration part 1. Oct 11, 2016 in s4 hana finance new asset accounting is must to use and for new asset accounting it is must to use new gl. For more information on the prerequisites for new asset accounting and how you. Aa functionality is designed for the management and supervision of an organizations fixed assets.
Sep 05, 2016 fixed assets is an important part of the accounting. Sap general ledger accounting shortly gl accounting is one of the main sub component of sap fi module. To be able to use new asset accounting, you have to also use new general ledger accounting. Derivation of profit center in fixed assets posted on. New asset accounting ehp7 functionality and configuration. New asset accounting is part of sap accounting powered by sap hana.
The fi chart of accounts represents the list of gl accounts that are used to meet the daily needs and the operating countrys legal requirement in a company. Feb, 2015 sap new gl overview from verity solutions. Sep 12, 2017 author of several sap press ebites on the grir and the payment program and more recently. Asset accounting need to define asset gl accounts as. Please verify which of our two alternative course offerings on new general ledger accounting fits your needs. So how we can handle new gl in s4 hana finance without proper migration from classical gl to new gl while migrating from ecc using classical gl to s4 hana finance. Assign gl accounts ao90 sap bpc and fico consultant blog. Asset accounting in the sap system is used for managing and monitoring fixed assets. For the purpose of demonstrating the asset integration in the new general ledger the example of a cost center account assignment object is used here. Oct 12, 2018 unit testing in asset accounting asset acquisition retirement scrape asset transfer reports assets under construction miscellaneous configuration. For representing parallel accounting in new asset accounting, you have two scenarios as mentioned below. Linkedin sap fico asset accounting consultant east.
In new asset accounting technical clearing account acts as a zero balance clearing account in new gl and it is a offsetting account. Efficiently handle financial reporting, according to both local and international accounting principles facilitate increased convergence between financial and management accounting. Facilitate increased convergence between financial and management accounting. Asset accounting is classified as a subset of financial accounting and serves as a subsidiary ledger to the general ledger providing detailed information on transactions involving fixed assets. New gl parallel ledgers in asset accounting slideshare. The migration process entails adjustments to customizing settings and the migration of documents. New general ledger accounting can be explained briefly as follows. New general ledger accounting in sap erp sap training.
Indicator is setx you can edit the segment in the profit center master data before new. Jul 27, 2015 the following document contains information about use of this functionality for a new implementation customer. General ledger accounting used to record all business transactions in a software system of a company and ensures the accounting data is always complete and accurate. New asset accounting is available as of sap accounting powered by sap hana 1. Sap note 756146 also provides an overview of the benefits of new general ledger accounting. Postcapitalization of cash discount to asset is only possible if document splitting is active. Find an introduction to asset accounting in sap erp financials. You will learn about the extended totals table dataset, document splitting, realtime integration of co with fi, and parallel ledgers.
Depending on the functions that you want to use, you have set up the general ledger accounting new figl new application component or the classic general ledger accounting figl application component. As we dont have time to go for slo, we decided to delete asset. Model parallel accounting principles with the ledger approach in new general ledger accounting configure nonleading ledgers to map parallel accounting lesson 2. Other than the activation, no configuration is necessary because all the sap. Achieving this fundamental knowledge is a valuable preparation step for project members who are used to classic gl in sap erp and who have to get ready for sap s4hana implementations both for system conversion projects as well as new implementations. Understand the architecture of asset accounting in sap s4hana explain the posting logic in asset accounting lesson 2. New general ledger accounting contains functions that combine classic general ledger accounting with the special purpose ledger component. In addition you will be introduced to new asset accounting and learn the additional configuration options and functionalities it brings. When transactions are posted in asset accounts,reconciliation accounts in general ledger are updated in real time. Oct 06, 2015 parallel ledgers in asset accounting new gl code. Profit center and or segment cannot be directly assigned to assets in asset master data. This course covers the common scope of new general ledger accounting valid for sap erp and sap s4hana systems. You have activated this business function, new general ledger accounting 3.
Financial accounting new asset accounting integration with general ledger accounting assign gl accounts. New assets accounting sap s4 hana 1809 with new gl functionality. Introducing new asset accounting in s4 hana sap experts. Migrate from classic to new general ledger accounting.
May 17, 2017 sap s4hana finance formerly sap simple finance comes with a lot of features, such as the universal journal, streamlined design, and realtime analytics. Ac210 new general ledger accounting in sap erp is the right course for those who want to learn how to implement and use new general ledger in an sap erp system. Asset strategy and performance management software sap. Legacy data transfer asset accounting sap s4hana lesson objectives. You can handle parallel valuation of your assets using both the ledger approach and the accounts approach. Financial accounting new financial accounting global settings new ledgers ledger define. Apr 14, 2015 parallel accounting in new asset accounting powered by sap hana posted on april 14, 2015 april 14, 2015 by jayanth maydipalle in new asset accounting, you can handle parallel accounting using depreciation areas.
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