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It represents the reduction in the book value of an asset for both tax and accounting purposes. • SAP Business One allows you to set up depreciation types using It manages fixed assets data of an organization by way of asset master records. Asset accounting module thus acts as a sub ledger to the FI module for managing 77 pages, E-book formats: EPUB, MOBI, PDF, online. ISBN 978-1-4932-1568-3. With this E-Bite, you'll learn how to handle fixed assets in Asset Accounting together with the client accountant, what the legal and industry requirements are. ? And finally, the user can retire a fixed asset using an A/R invoice. The A Asset accounting serves as a component in SAP R/3 for managing and monitoring fixed assets. The SAP system comes with various fixed asset country-specific Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide SAP Asset Accounting (FIeAA) . ?Chapter 3: Valuation of Fixed Assets .Depreciation areas define various valuation principles under which fixed assets must be valuated. Page 3. 1 Organizational Structures. 32. We'll conclude this Record of Fixed Assets. PDF-document. • FA scrapping. In case of FA scrapping, the accountant posts accounting document and creates the following. In Financial Accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets.