What is underlying object in SAP FI-AF-ARO - Asset Retirement Obligation Management?

SAP Term: underlying object

• Component: FI-AF-ARO

• Component Name: Asset Retirement Obligation Management

• Description: An object for which an asset retirement obligation ARO can be set up. Master data management for underlying objects is available to specify detailed information about an ARO. The underlying object can represent one or multiple underlying assets. If the underlying assets are represented in SAP FI Fixed Asset Accounting by assets, these assets can be referred to in the master data of the underlying objects. The ARO is always created at the level of the underlying object. &Example& A location for three antennae. The antennae are the underlying assets, the location is the underlying object. If each of the antennae has a separate corresponding fixed asset in SAP FI Fixed Asset Accounting, these assets can be referred to in the master data of the location.

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• Key Concepts: 
  Underlying object is a term used in SAP FI-AF-ARO Asset Retirement Obligation Management. It refers to the asset that is subject to an asset retirement obligation (ARO). The underlying object can be any type of asset, such as a building, a piece of equipment, or a piece of land. 
  
  How to use it: 
  In SAP FI-AF-ARO Asset Retirement Obligation Management, the underlying object is used to identify the asset that is subject to an ARO. This information is used to calculate the ARO liability and to track the progress of the ARO. 
  
  Tips & Tricks: 
  When entering information about an underlying object in SAP FI-AF-ARO Asset Retirement Obligation Management, it is important to ensure that all relevant information is included. This includes the type of asset, its location, and any other relevant details. 
  
  Related Information: 
  For more information about SAP FI-AF-ARO Asset Retirement Obligation Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about this topic.