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Inventory and Physical Inventory in SAP Fixed Asset Accounting

Excerpt from SAP Fixed Assets Accounting (FI-AA)by Jörg Siebert- SAP FI expert, author, and speaker.

Objects that no longer exist have no value. Therefore, you must check the existence of fixed assets by means of a physical inventory. The individual objects in fixed assets must be recorded so they are identifiable.

The inventory is the record (directory) of individual asset objects. This directory must report the asset objects present on a specified date. These objects must be determined by a physical check, also known as a physical inventory. The word inventory is derived from the Latin invenire, meaning to find something. In this blog I explain what you have to list in the fixed assets inventory and how to perform the physical check.

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Video Blog: How to avoid the most common SAP CO-PA customization pitfalls

Rogerio Faleiros ResizedIn this recording from the Controlling 2015 Conference, Rogerio Faleiros discusses how to avoid most common SAP CO-PA pitfalls including:

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Introduction to SAP Templates Webinar Recording Now Available

Members of the SAP Controlling Community gathered last week for a webinar on Introduction to SAP Templates Webinar presented by Julien Delvat.

Watch the recording to discover how to leverage your company’s standard SAP CO templates.

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Video Blog: Case Study - How Lundin Eagle Mine translated their MS Visio cost model into SAP configuration and design to capture costs and variances in their mining and milling operations

John Pringle ResizedIn this recording from the Controlling 2015 Conference, John Pringle shares how Lundin Eagle Mine translated their MS Visio cost model into SAP configuration and design to capture costs and variances in their mining and milling operations

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How to make Trading Partner a required entry Part II

How can we make Trading Partner a required entry while posting financial accounting documents for certain GL Accounts?
There are three possible alternatives to achieve this goal: Field Status Groups, Document Types and FI Validation. We will look at each of these options below.

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How to make trading partner a required entry (Part I)

Trading Partner: Definition
Trading Partner is a term used in trade and commerce and is generally defined as:

One of the two or more participants in an ongoing business relationship.

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Video Blog: Woodward’s top 10 advanced reporting tips

In this recording from the Controlling 2015 Conference, Sydnie McConnell presents Woodward’s top 10 advanced reporting tips

Woodward will share the top 10 reporting tips they have learned through the process of completing several global financial reporting projects in SAP, including a BPC 10 implementation and rolling out SAP GL and Fixed Assets to all of their sites. It covers:

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Video blog: Filling in the gaps – FI/CO account posting during production processes in SAP

In this video blog from Controlling 2015, Marjorie Wright covers FI/CO account postings during production processes in SAP from top to bottom.

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Cloud ERP vs On-Premise ERP

Forrest Burnson at Software Advice, a firm that helps buyers choose ERP software, recently wrote an article called Cloud ERP vs On-Premise ERP.  The article provides a breakdown of the advantages and disadvantages of each type of ERP system, and how you can determine which system is best for your organization.

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Video Blog: SAP Simple Finance 1503 - Accounting and controlling step closer together

In this recording from Controlling 2015, Janet Salmon, Chief Product Owner for Management Accounting at SAP AG presented "SAP Simple Finance 1503- Accounting and controlling step closer together". In this session Janet introduced the latest challenges to accounting and controlling in SAP Simple Finance 1503. SAP is in the process of reinventing SAP Financials using SAP HANA to enable new programming paradigms and SAP Fiori to provide a new user interface.

 

2021 | Controlling Conference
Register for only $999 Over 50% Off

Learn more about Janet's sessions at the Controlling 2019 conference.

 

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