What is period control in SAP SRD-FIN-FA - FIN-Fixed Assets?

SAP Term: period control

• Component: SRD-FIN-FA

• Component Name: FIN-Fixed Assets

• Description: A function to determine for each asset transaction the calculation period from which the transaction is included in the calculation of depreciation. It also defines the start of depreciation at the time of the first asset acquisition.

Smart SAP Assistant

• Key Concepts: 
  Period control in SAP is a feature of the Fixed Assets (FA) component that allows users to control the period in which an asset is posted. This feature helps to ensure that all assets are posted in the correct period, and that all postings are accounted for correctly. 
  
  How to use it: 
  Period control in SAP is used to ensure that all assets are posted in the correct period. To use period control, users must first set up a period control profile in the FA component. This profile will define the periods in which assets can be posted, as well as any restrictions on posting. Once the profile is set up, users can then assign it to each asset they wish to post. 
  
  Tips & Tricks: 
  When setting up a period control profile, it is important to consider the restrictions that will be placed on posting. For example, if an asset is only allowed to be posted in certain periods, then those periods should be specified in the profile. Additionally, it is important to ensure that all assets are assigned a period control profile before they are posted. 
  
  Related Information: 
  For more information on period control in SAP, please refer to the SAP Help documentation for the Fixed Assets (FA) component. Additionally, there are many online resources available that provide detailed instructions on how to set up and use period control in SAP.