Asset accounting is a subsidiary ledger of the general ledger and is used to manage and document fixed asset transactions in detail. In general ledger accounting, can update depreciation and changes to asset balance sheet values in asset accounting. You can also make various account assignments to cost accounting for these transactions. Because of the integration in SAP S/4HANA, Asset Accounting (FI-AA) transfers data directly to and from other SAP S/4HANA components like Financial Accounting (FI) components.
Ledger-specific transactions and reports support analysis of depreciation and asset balance to fulfill different accounting principle, such as Asset Revaluation, Depreciation Reporting, Manage Depreciation Runs, Asset Balance, and Asset Total Depreciation.
This scope item is for IFRS.