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

SAP Term: asset portfolio

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The total value of all fixed assets intended for permanent use within a company. The asset portfolio is shown as a balance sheet item. In gross reporting, the current asset portfolio is calculated from the difference between the balance sheet account for acquisition and production costs and the balance sheet account for accumulated depreciation.

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• Key Concepts: 
  Asset portfolio is a term used in SAP's FI-AA Asset Accounting component. It refers to the collection of assets that a company owns or manages. This includes tangible assets such as buildings, equipment, and vehicles, as well as intangible assets such as intellectual property and goodwill. The asset portfolio is used to track the value of the company's assets over time and to ensure that they are properly managed and maintained.
  
  How to use it: 
  In SAP's FI-AA Asset Accounting component, the asset portfolio is used to track the value of the company's assets over time. This includes tracking the purchase price, depreciation, and current market value of each asset. The asset portfolio can also be used to generate reports on the performance of the company's assets, such as their return on investment or their contribution to overall profitability.
  
  Tips & Tricks: 
  When managing an asset portfolio in SAP's FI-AA Asset Accounting component, it is important to keep accurate records of all transactions related to each asset. This includes tracking any changes in ownership or usage of the asset, as well as any repairs or maintenance that have been performed on it. Additionally, it is important to regularly review the asset portfolio to ensure that all assets are properly accounted for and that their values are accurately reflected in the system.
  
  Related Information: 
  For more information on SAP's FI-AA Asset Accounting component and how to manage an asset portfolio, please refer to SAP's official documentation at https://help.sap.com/viewer/product/FI_AA/1H2020/en-US.