If you are also using Accounts Payable Accounting, you can leverage the integration options and directly post an asset to a vendor when you acquire an asset (without reference to a purchase order). This means that the asset acquisition and corresponding payable are posted for a vendor in the transaction. This reduces the time and effort required to enter the data as well as the scope for errors
Account determination enables the system to automatically determine the relevant general ledger accounts in Financials.
This means that when you create a fixed asset transaction or transactions you do not need to manually enter general ledger accounts. In this window, you can display the existing account determination types and make the necessary settings for locating general ledger accounts.
Understand more about it in this document on
Acquisition Fixed Assets