Why you use Asset Class ?

Question Posted / lalitha

4 Answers
10756 Views
Accenture, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Why you use Asset Class ?..

An asset class is the link between the asset master record and the relevant GL account. Account determination in the asset class enable you to post to the relevant GL accont. Several asset class can use same account determination provided all these asset class use the same chart of account and post to the same GL account.

Is This Answer Correct ?

21 Yes

3 No

Why you use Asset Class ?..

Answer / venu

based on asset class we have to create new assets.
without asset class we don't create any asset in asset master data..

Is This Answer Correct ?

11 Yes

1 No

Why you use Asset Class ?..

Answer / lakshmi

You use the asset classes to structure your assets
according to the requirements of your enterprise.

Is This Answer Correct ?

12 Yes

4 No

Why you use Asset Class ?..

Answer / shyam

Asset class is used for two purpose
1.Screen layout: which determine our input field in asset master.
2.Account Determination: GL account determination.

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

Dear experts can you please explain to me whether a vendor/customer master data have 2 different terms of payment in the company code segment and the purchasing organization/sales area segment simultaneously??

0 Answers

What is cutover data and when will you upload to production client? whether before go live or after go live?

4 Answers Keane India Ltd,

What are the important organizational units in fi?

0 Answers

How is component scrap maintained in sap?

0 Answers

what is your SLA?

4 Answers IBM,

Which is the payment term which actually gets defaulted when the transaction is posted for the customer (accounting view or the sales view)?

0 Answers

How many asset classes are there in asset master records?