What is asset acquisition in SAP FI-AA - Asset Accounting?

SAP Term: asset acquisition

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The acquisition to fixed assets. There are the following types of asset acquisition: Purchase acquisition Acquisition from in-house production Subsequent acquisition to an already capitalized asset Post capitalization in a period after that of the actual acquisition

Smart SAP Assistant

• Key Concepts: 
  Asset acquisition is the process of purchasing or otherwise obtaining an asset for a company. In SAP, this process is handled by the FI-AA (Asset Accounting) component. This component allows companies to track and manage their assets, including their acquisition, depreciation, and disposal. 
  
  How to use it: 
  The FI-AA component allows users to create asset master records for each asset acquired. This includes entering information such as the asset’s description, purchase price, and expected useful life. The component also allows users to track the asset’s depreciation over time and to record any disposals of the asset. 
  
  Tips & Tricks: 
  When creating an asset master record, it is important to enter all relevant information accurately. This will ensure that the asset is tracked properly and that any depreciation calculations are accurate. 
  
  Related Information: 
  For more information on the FI-AA component, please refer to the SAP Help Portal or contact your local SAP support team.