What is asset transfer in SAP EC-CS - Consolidation?

SAP Term: asset transfer

• Component: EC-CS

• Component Name: Consolidation

• Description: A transaction in which a consolidation unit sells one of its assets to another consolidation unit in the same consolidation group.

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• Key Concepts: 
  Asset transfer in SAP EC-CS Consolidation is the process of transferring assets from one company to another. This process is used when a company acquires another company and needs to transfer the assets of the acquired company into its own books. The asset transfer process involves transferring the asset from the acquired company to the acquiring company, and then recording the asset in the acquiring company's books. 
  
  How to use it: 
  In order to transfer an asset from one company to another, the user must first create a transfer document in SAP EC-CS Consolidation. This document will contain all of the necessary information about the asset, such as its value, description, and any other relevant information. Once this document is created, it can be approved by both companies and then the asset can be transferred. 
  
  Tips & Tricks: 
  When transferring an asset from one company to another, it is important to ensure that all of the necessary information is included in the transfer document. This includes not only the value of the asset but also any other relevant information such as depreciation rates or any other special considerations. Additionally, it is important to ensure that both companies are in agreement with the terms of the transfer before it is completed. 
  
  Related Information: 
  For more information on asset transfers in SAP EC-CS Consolidation, please refer to SAP's official documentation on Asset Transfers. Additionally, there are many online resources available that provide detailed instructions on how to complete an asset transfer in SAP EC-CS Consolidation.