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

SAP Term: asset catalog

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A classification grid that classifies fixed assets by technical criteria. The asset class catalog classifies assets from a business and legal point of view, and in a similar way sample master record method the asset catalog classifies master data by branch-specific, technical criteria.

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• Key Concepts: 
  Asset catalog is a feature of SAP FI-AA Asset Accounting that allows users to store and manage asset information in a centralized location. It provides an overview of all assets, including their characteristics, such as asset type, cost, and depreciation. The asset catalog also allows users to track the status of assets, such as whether they are active or inactive. 
  
  How to use it: 
  The asset catalog can be accessed through the SAP FI-AA Asset Accounting module. Once in the asset catalog, users can view and manage all assets in one place. They can also add new assets or edit existing ones. Additionally, users can set up depreciation rules for each asset and track the status of each asset over time. 
  
  Tips & Tricks: 
  When setting up the asset catalog, it is important to ensure that all assets are accurately categorized and that depreciation rules are properly set up. This will help ensure that assets are properly tracked and managed over time. Additionally, it is important to regularly review the asset catalog to ensure that all assets are up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP FI-AA Asset Accounting and the asset catalog, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FI_AA/2020/en-US.