What is assets in SAP IS-B-RA - Risk Analysis?

SAP Term: assets

• Component: IS-B-RA

• Component Name: Risk Analysis

• Description: Assets of a company that are shown in the balance sheet. For example, credit balances, stock, investments. Balance sheets are not generated in mySAP Banking. Instead, balance-sheet relevant positions are analyzed, such as positions of securities.

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• Key Concepts: 
  Assets are tangible or intangible items of value owned by an organization. In the context of SAP IS-B-RA Risk Analysis, assets are the items that are subject to risk analysis. These can include physical assets such as buildings, equipment, and machinery, as well as intangible assets such as intellectual property, customer data, and financial information. 
  
  How to use it: 
  In SAP IS-B-RA Risk Analysis, assets can be identified and categorized according to their risk profile. This allows organizations to prioritize their risk management efforts and allocate resources accordingly. Assets can also be monitored over time to ensure that they remain secure and compliant with applicable regulations. 
  
  Tips & Tricks: 
  When setting up asset categories in SAP IS-B-RA Risk Analysis, it is important to consider the potential risks associated with each asset type. This will help ensure that the right resources are allocated to mitigate those risks. Additionally, it is important to regularly review and update asset categories as new risks emerge or existing ones change. 
  
  Related Information: 
  SAP IS-B-RA Risk Analysis is part of the SAP Business Suite, which provides a comprehensive set of tools for managing risk across an organization. Other components of the suite include SAP BusinessObjects Risk Management, SAP BusinessObjects Governance, Risk & Compliance, and SAP BusinessObjects Security & Access Control.