What is real estate and buildings in SAP FI-AA - Asset Accounting?

SAP Term: real estate and buildings

• Component: FI-AA

• Component Name: Asset Accounting

• Description: An asset type in tangible fixed assets.

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• Key Concepts: 
  Real estate and buildings are physical assets that are managed in the SAP system using the FI-AA (Asset Accounting) component. This component allows for the tracking of all real estate and building assets, including their purchase, depreciation, and sale. It also allows for the tracking of any related costs, such as maintenance and repairs. 
  
  How to use it: 
  In order to use the FI-AA component to manage real estate and buildings, users must first create an asset master record for each asset. This record will contain all relevant information about the asset, such as its purchase date, cost, depreciation rate, and expected useful life. Once the asset master record is created, users can then enter transactions related to the asset, such as depreciation or sale. 
  
  Tips & Tricks: 
  When creating an asset master record for a real estate or building asset, it is important to ensure that all relevant information is included. This includes not only the purchase date and cost but also any additional costs associated with the asset, such as maintenance or repairs. Additionally, it is important to ensure that the correct depreciation rate is used for each asset in order to accurately track its value over time. 
  
  Related Information: 
  For more information on how to use the FI-AA component to manage real estate and buildings in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FI_AA/731/en-US