What is current assets in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: current assets

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: The short-term tangible assets, such as cash or receivable amounts that are due within one year.

Smart SAP Assistant

• Key Concepts: 
  Current assets are short-term assets that are expected to be converted into cash within one year. They are reported on the balance sheet and include items such as cash, accounts receivable, inventory, and prepaid expenses. 
  
  How to use it: 
  In SAP, current assets are managed in the General Ledger (GL) component. The GL component allows users to track and manage all financial transactions within the system. This includes tracking current assets such as cash, accounts receivable, inventory, and prepaid expenses. 
  
  Tips & Tricks: 
  It is important to regularly review and update the GL component to ensure that all current assets are accurately tracked and reported. This will help ensure that the financial statements are accurate and up-to-date. 
  
  Related Information: 
  For more information on current assets and how to manage them in SAP, please refer to the SAP Help Portal or contact your local SAP support team.