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Asset class OAOA

Asset Class is an important factor in SAP Asset accounting. Each asset must be assigned to only one Asset Class. Asset class are used to assign correct G/L account. Several asset class can use the same G/L account assignment.
Asset class is structured in three steps:
  • Control parameters
  • Default values of General master data
  • Default values of depreciation terms in the charts of depreciation
Keep in mind that these specific functions are important while creating asset class: 
Account determination
screen layout control
number ranges 
assignment of sub numbers

Uses of Asset class: 
  • Account determination
  • Screen layout
  • Number assignment
  • Default values
  • Grouping of Assets for reporting purpose








This post first appeared on SAP FICO, please read the originial post: here

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Asset class OAOA

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