What is unitization in SAP FI-AA-ALC - SAP Asset Lifecycle Accounting for Utilities?

SAP Term: unitization

• Component: FI-AA-ALC

• Component Name: SAP Asset Lifecycle Accounting for Utilities

• Description: The capitalization of an asset based on the final project costs as the asset is placed in service or removed from service.

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• Key Concepts: 
  Unitization is a feature of SAP Asset Lifecycle Accounting for Utilities (FI-AA-ALC) that allows for the grouping of multiple assets into a single unit. This allows for the tracking of multiple assets as one, making it easier to manage and report on them. The unitization feature also allows for the tracking of costs associated with each asset, as well as the ability to track depreciation and other financial information. 
  
  How to use it: 
  To use the unitization feature, first create a unit in the system. This can be done by entering the asset numbers and other relevant information into the system. Once the unit is created, it can be used to track all of the assets associated with it. The system will then be able to track all of the costs associated with each asset, as well as any depreciation or other financial information associated with them. 
  
  Tips & Tricks: 
  When creating a unit, it is important to make sure that all of the assets associated with it are accurately entered into the system. This will ensure that all of the costs and other financial information associated with each asset are accurately tracked. Additionally, it is important to make sure that all of the assets are properly categorized in order to make reporting easier. 
  
  Related Information: 
  For more information on SAP Asset Lifecycle Accounting for Utilities (FI-AA-ALC), please refer to SAP's official documentation here: https://help.sap.com/viewer/product/FI_AA_ALC/latest/en-US