Finance Accounting Asset Accounting

Asset Accounting deals with all the fixed asset of the company and provides all the
transaction details about fixed assets. The asset accounting module of Finance
Accounting works closely with other modules like SAP MM, SAP Plant
Management, EWM, etc.
Common T-codes used for Asset Accounting −

 AT01
 AT03
 AUN0
 ASEM
Example − When a company purchases an item that can be considered as an
asset, the details will be passed to Asset accounting module from the SAP MM
module.
Purpose
The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets with the SAP
System. In Financial Accounting, it serves as a subsidiary ledger to the General Ledger, providing detailed
information on transactions involving fixed assets.

Assets Accounting:
 Asset Accounting is an important module in SAP and manages assets of
any organization by master Records.
 Asset account is a sub ledger in the SAP FI for managing asset records.
Introduction of important Terms in SAP Asset Accounting:
Chart of Depreciation: