What is asset category in SAP FS-LRM - Liquidity and Risk Management?

SAP Term: asset category

• Component: FS-LRM

• Component Name: Liquidity and Risk Management

• Description: A category that indicates the quality of an asset and the ease with which it can be liquidated.

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• Key Concepts: 
  Asset category is a term used in SAP FS-LRM Liquidity and Risk Management. It is a classification of assets that are used to group similar assets together for easier management and reporting. Asset categories can be based on asset type, asset class, or other criteria. 
  
  How to use it: 
  In SAP FS-LRM Liquidity and Risk Management, asset categories are used to organize assets into groups for easier management and reporting. Asset categories can be created manually or automatically based on criteria such as asset type, asset class, or other criteria. Assets can then be assigned to the appropriate category for easy tracking and reporting. 
  
  Tips & Tricks: 
  When creating asset categories in SAP FS-LRM Liquidity and Risk Management, it is important to consider the criteria that will be used to classify the assets. This will ensure that the categories are meaningful and useful for tracking and reporting purposes. 
  
  Related Information: 
  For more information on asset categories in SAP FS-LRM Liquidity and Risk Management, please refer to the official SAP documentation.