What is the use of FI-Asset Accounting component?

1.	What is the use of FI-Asset Accounting component?
Answer» The FI-Asset Accounting (FI-AA) component is used for managing the fixed assets in FI system. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets. Integration with other components − As a result of the integration in the SAP System, Asset Accounting (FI-AA) transfers data directly to and from other SAP components.

Answer»

The FI-Asset Accounting (FI-AA) component is used for managing the fixed assets in FI system. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets.

Integration with other components −

As a result of the integration in the SAP System, Asset Accounting (FI-AA) transfers data directly to and from other SAP components.

Discussion

No Comment Found

Related InterviewSolutions

How do you perform Profitability analysis in SAP CO? What are the different types of profitability analysis?
What do you understand by Product costing in SAP Controlling?
Why do we create Profit Centers in Controlling?
What do you understand by cost center, profit center in Controlling?
What is the use of FI-Asset Accounting component?
What are the common types of reports that can be used for Account Analysis (A/R)?
Explain the process steps of Invoicing in Contract Accounts Receivable and Payable?
Name few of the tables in G/L accounting and customizing in FI?
How do you manage relationship between two currencies in SAP FI?
What is dunning in FI? What are the requirement of using Dunning?

What is the use of FI-Asset Accounting component?

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment