What is Central Asset Accounting in SAP FI-CF - Central Finance?

SAP Term: Central Asset Accounting

• Component: FI-CF

• Component Name: Central Finance

• Description: A capability in the scenario that allows customers to manage Asset Accounting in the system instead of each source system.

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• Key Concepts: 
  Central Asset Accounting is a component of the SAP Central Finance (FI-CF) module. It enables companies to centrally manage their asset accounting processes across multiple legal entities. This includes the ability to centrally manage asset master data, depreciation calculations, and asset disposals. 
  
  How to use it: 
  Central Asset Accounting can be used to centrally manage asset master data, such as asset numbers, descriptions, and locations. It also allows for the calculation of depreciation for assets across multiple legal entities. Additionally, it can be used to centrally manage asset disposals, such as sales or transfers. 
  
  Tips & Tricks: 
  When using Central Asset Accounting, it is important to ensure that all asset master data is up-to-date and accurate. This will ensure that depreciation calculations are accurate and that assets are disposed of correctly. Additionally, it is important to ensure that all legal entities are properly linked in order to ensure that assets are managed correctly across multiple entities. 
  
  Related Information: 
  For more information on Central Asset Accounting, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information on how to use Central Asset Accounting in SAP FI-CF.