What is OKP code in SAP FI-AA - Asset Accounting?

SAP Term: OKP code

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A product classification code used in Russia. This six-digit code allows you to identify the product type in accordance with the Russian coding system. For example, the OKP code of platinum is 175120.

Smart SAP Assistant

• Key Concepts: 
  OKP code stands for Object Key Profile code. It is a unique identifier used in the FI-AA Asset Accounting component of SAP to identify an asset. It is a combination of the asset class, asset type, and asset number. 
  
  How to use it: 
  The OKP code is used to identify an asset in the system. It is used to track the asset’s depreciation, acquisition, and disposal. It is also used to generate reports and to track the asset’s value over time. 
  
  Tips & Tricks: 
  When entering an OKP code into SAP, make sure that all of the information is correct. If any of the information is incorrect, it could lead to inaccurate reports or incorrect depreciation calculations. 
  
  Related Information: 
  The OKP code is related to other SAP components such as FI-GL General Ledger and CO-PA Profitability Analysis. It can also be used in conjunction with other SAP modules such as MM Materials Management and SD Sales & Distribution.