What is leased object class in SAP FI-AF-LCA - Lessee Contract Management and Accounting?

SAP Term: leased object class

• Component: FI-AF-LCA

• Component Name: Lessee Contract Management and Accounting

• Description: The leased object class is the main criterion for classifying leased objects in accordance with business and legal requirements. For each leased object class, you can define control parameters such as the screen sequence, default value for the asset class, fixtures and fittings characteristics, and measurement types. Examples of leased object classes: Company Car IT Equipment Technical Equipment

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• Key Concepts: 
  Leased object class is a component of the FI-AF-LCA Lessee Contract Management and Accounting module in SAP. It is used to classify leased objects according to their characteristics, such as type, purpose, and value. This classification helps to identify and manage leased objects more efficiently. 
  
  How to use it: 
  Leased object classes are created in the SAP system and assigned to leased objects. The classifications are used to group similar leased objects together for easier management. For example, a company may have multiple leased vehicles that can be grouped together under one class. 
  
  Tips & Tricks: 
  When creating a leased object class, it is important to consider the characteristics of the leased objects that will be assigned to it. This will help ensure that the classifications are accurate and useful for managing the leased objects. 
  
  Related Information: 
  The FI-AF-LCA Lessee Contract Management and Accounting module also includes other components such as lease contracts, lease payments, and lease accounting. These components can be used in conjunction with the leased object classes to manage leased objects more effectively.