What is initial acquisition date in SAP SRD-FIN-FA - FIN-Fixed Assets?

SAP Term: initial acquisition date

• Component: SRD-FIN-FA

• Component Name: FIN-Fixed Assets

• Description: Date of the first acquisition to the fixed asset, which is also the date on which the fixed asset is displayed in the asset portfolio.

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• Key Concepts: 
  Initial Acquisition Date is a term used in SAP Fixed Assets (SRD-FIN-FA) to refer to the date when an asset was acquired. This date is used to determine the depreciation of the asset and is usually the same as the date of purchase. 
  
  How to use it: 
  The Initial Acquisition Date is entered when creating a new asset in SAP Fixed Assets. This date will be used to calculate the depreciation of the asset and should be the same as the date of purchase. The Initial Acquisition Date can be changed at any time, but this will affect the depreciation calculation. 
  
  Tips & Tricks: 
  It is important to ensure that the Initial Acquisition Date is accurate, as this will affect the depreciation calculation. If the date is incorrect, it can lead to incorrect depreciation calculations and incorrect financial statements. 
  
  Related Information: 
  The Initial Acquisition Date is related to other terms such as Depreciation Start Date, Depreciation End Date, and Useful Life. These terms are all used in SAP Fixed Assets to calculate the depreciation of an asset.