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

SAP Term: asset structure

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A level in the hierarchy of objects that makes up an asset. The asset structure lies between an asset type and an asset item. You use the different levels to aggregate asset data for reporting purposes, for example, in the Annex 16 report. &EXAMPLE& Within the asset type "Buildings" you have different types of buildings, such as those made of steel-reinforced concrete and brick. Steel-reinforced concrete and brick are asset structures.

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• Key Concepts: 
  Asset structure is a component of SAP's FI-AA Asset Accounting module. It is used to define the organizational structure of an asset and the relationships between different assets. It is also used to assign values to assets and to track their depreciation over time. 
  
  How to use it: 
  The asset structure in SAP FI-AA is composed of several levels, each with its own set of characteristics. The top level is the company code, which is used to define the company's legal entity. The next level is the asset class, which is used to group assets into categories such as buildings, machinery, and vehicles. The third level is the asset master record, which contains detailed information about each individual asset. Finally, the fourth level is the asset sub-structure, which defines the relationships between different assets within a given asset class. 
  
  Tips & Tricks: 
  When setting up an asset structure in SAP FI-AA, it is important to ensure that all levels are properly configured and that all assets are assigned to the correct asset class. This will ensure that all assets are properly tracked and that their depreciation can be accurately calculated. 
  
  Related Information: 
  For more information on setting up an asset structure in SAP FI-AA, please refer to the official SAP documentation or contact your local SAP consultant.