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Jörg Siebert has worked as consultant, trainer and product manager Speaker Badgeand has more than 16 years of experience with accounting software. For the last 10 years he worked at SAP Germany in Walldorf with a focus on SAP ERP Financials. He has written several books including The SAP General Ledger and SAP ERP Financials User's Guide. In 2011 he started...

Jörg Siebert has worked as consultant, trainer and product manager Speaker Badgeand has more than 16 years of experience with accounting software. For the last 10 years he worked at SAP Germany in Walldorf with a focus on SAP ERP Financials. He has written several books including The SAP General Ledger and SAP ERP Financials User's Guide. In 2011 he started his own publishing company www.espresso-tutorials.com - E-Books for SAP Software.  

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The Basics of 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 Controlling 2016 speaker.

Objects that no longer exist have no value. Therefore, the existence of fixed assets must be checked by means of an annual physical inventory. The individual objects in fixed assets must therefore be recorded such that they are identifiable.

In Chapter 1, we referred to the inventory—the record (directory) of the 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 chapter we will explain what you have to list in the fixed assets inventory and how to perform the physical check.

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Guest — Ruchi
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Wednesday, 25 September 2019 05:18
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Saturday, 30 November 2019 04:52
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Controlling 2013 Speaker Profile: Jörg Siebert, SAP FI/CO Specialist and Co-founder of Espresso Tutorials

This week we are profiling Controlling 2013 speaker Jörg Siebert, SAP FI/CO Specialist and Co-founder of Espresso Tutorials.

How did you get your start with SAP and SAP Controlling? 

When I started my first real job in 1993, I worked for a small software company in Mannheim, Germany.  At that point of time, I had my first contact with business software.  Later on in 1999 when I joined Ernst & Young, the SAP world of Finance and Controlling became my main focus. From 2001 through 2011, I worked for SAP in Walldorf pushing forward with the newest inventions in Finance and Controlling.

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