Course Description

The Purpose of preparing AC305 Asset Accounting course is to offer an in-depth summary of SAP ERP Asset Accounting. Students who are fresh from Graduation can shape up their career by learning AC305 Asset Accounting. Experienced Professionals looking for career prospects in SAP may take up this course to manage and master the asset data and periodic asset transactions respectively. This course focuses on Accounts and related solutions for parallel accounting.

Target Audience 

1) Application Consultants
2) Project Manager
3) IT Support
4) Super/ Key/ Power Users

Prerequisites

AC010 Business Process in Financial Accounting

Course Content

Lesson 1 Organizational Structures

1.1 Assigning a Chart of Accounts and a Chart of Depreciation to a Company Code
Under this topic, you will learn
a) Naming and differentiating important organizational units
b) Assigning a Chart of depreciation to company code

1.2 Assigning Management Accounting Objects to Fixed Assets
This session involves outlining how FI-AA has integrated with Management Accounting

1.3 Defining How Depreciating Areas Post to the General Ledger (G/L)
In this part of the lesson, you will learn
a) Defining depreciating areas
b) Assigning financial statement versions for asset reports

1.4 Understanding the Importance of Asset Classes in Fixed Assets
a) Understanding the status of asset classes in fixed assets

Lesson 2 Master Data
2.1 Explaining the Components of an Asset Class
a) Assigning Account determination Key
b) Assigning number range intervals to asset class
c) Screen Layout description of asset master data
d) Screen Layout description for asset depreciation areas
e) Copying Asset Classes from references
f) Understand about special asset classes AUC and LVA

2.2 Creating and Changing Master Data in Asset Accounting
In this session, you will learn
a) Creating Master Data in FI-AA
b) Changing Master Data in FI-AA
c) Assigning asset and equipment master records

2.3 Carrying out Mass Changes to Asset Master Data Using a Worklist
In this session, you will learn
a) Registering mass changes to asset master data using worklist.

2.4 Asset Transactions
In this part of the lesson, you will learn all concepts of Assets and transaction-oriented process

Lesson 3 Creating Acquisitions
In this lesson, you will learn

3.1 Transaction Entry and analyzing them in Asset Explorer
In this session, you will learn the Analysis of Transactions executed till date

3.2 Posting Asset Acquisitions with the Profit Center and Segment Characteristics
a) Identifying impact of activating the segment within Customizing for Asset Accounting
b) Creating and Posting Assets Acquisitions with the profit center
c) Deriving profit center and segment for fixed assets which are activated

3.3 Posting Non-Integrated Asset Acquisitions and Understanding the Integration with Materials Management (MM)
a) Asset Acquisition posting with a clearing account

3.4 Posting Integrated and Non-Integrated Asset Retirements
a) Entry of Integrated and Non-Integrated assets

3.5 Performing Transfers within the Company Code and Intercompany Asset Transfers
a)Processing Intercompany and Intracompany asset transfers

3.6 Representing, Distributing and Settling Assets under Construction
a) Distributing, representing and settling under construction assets

3.7 Entering and analyzing unplanned Depreciation
a) Entering and analyzing unplanned depreciation

Lesson 4 Periodic Processing and Valuation

4.1 Defining Depreciation Areas, Keys, Calculation and Posting
a) Analyzing and configuring depreciation areas
b) Understanding and describing structure of a depreciation key and its working
c) To know new calculation of depreciation amounts and describe options for time-dependent depreciation terms
d) Defining interest and usage of index series for indexing the acquisition value
e) Posting and analyzing the depreciated values

4.2 Executing programs for Fiscal Year Change and Year-End Closing in Asset Accounting
a) Program Execution for fiscal year change and year-end closing in FI-AA

4.3 Using the Accounts Approach for Parallel Accounting in Asset Accounting (FI-AA)
a) Naming and explaining possibilities for mapping of parallel accounting
b) Creating/ controlling depreciation area in FI-AA

4.4 Processing impairment Postings in Sub Ledger Assets
a) Explaining the process of posting of Impairment Postings

Lesson 5 Information System

5.1 Executing Various Asset Accounting Reports using SAP list Viewer and Sort Variants
a) Execution of FI-AA reports
b) Setting up Variable Sorting
c) Totaling for Asset reporting

5.2 Executing Depreciation and Transaction Simulation
a) Generating forecast for depreciation and transaction assets
b)  Generating forecast for various other assets using program RASIMU02

5.3 Understanding the Layout of an Asset History Sheet 
a) Execution of Asset History Sheet
b)  Analyzing Layout of an asset History Sheet
c) Configuring own asset history sheet

Lesson 6 Legacy Data Transfer

6.1 Entering Legacy Data Manually
a) Entering manual Legacy Data

6.2 Executing Subsequent Work after Legacy Data Transfer
a) Understanding how, when and why reconciliation is required with Financial Accounting (FI)

6.3 Drafting an Automatic Legacy Data Transfer
a) Drafting automatic Legacy data transfer

Course Duration

3 Hours

What is the Software Version at the time of Solution release?

EHP6 for ERP 6.0

What are the available modes for learning AC305 Asset Accounting Course?

1) Classroom Training – Instructor-led
2) Online Live Training - Tutor based
3) Video Tutorial – Self-paced learning

Course Fee

$ 3500 USD