What is scrapping in SAP SRD-FIN-FA - FIN-Fixed Assets?

SAP Term: scrapping

• Component: SRD-FIN-FA

• Component Name: FIN-Fixed Assets

• Description: The removal from the balance sheet of the total value of an asset without revenue having been received for the asset.

Smart SAP Assistant

• Key Concepts: 
  Scrapping is the process of disposing of an asset that is no longer useful or needed. In SAP, scrapping is a process that is used to remove an asset from the company’s books and records. This process involves recording the disposal of the asset, as well as any associated costs or gains. 
  
  How to use it: 
  In SAP SRD-FIN-FA FIN-Fixed Assets, scrapping is done by entering a scrapping transaction in the system. This transaction will record the disposal of the asset and any associated costs or gains. The transaction will also update the asset’s status in the system to “scrapped”. 
  
  Tips & Tricks: 
  When scrapping an asset in SAP SRD-FIN-FA FIN-Fixed Assets, it is important to ensure that all associated costs and gains are recorded accurately. This will ensure that the asset’s value is accurately reflected in the company’s books and records. 
  
  Related Information: 
  For more information on scrapping assets in SAP SRD-FIN-FA FIN-Fixed Assets, please refer to the SAP Help documentation.