What are Group Assets

The tax requirements in some countries require calculation of depreciation at a higher group or level of assets. For this purpose you can group assets together into so-called group assets.

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1. Account Group and Field Status Group An Account group controls the data that needs to be entered at the time of creation of a master record. Account groups exist for the definition of a GL account,...
2. Creating Fixed Assets If you are required to set up a new fixed asset for the business unit which has no master data existing in the system, you need to create the master...
3. Fixed Assets Asset Accounting is a subsidiary ledger of Financial Accounting. The appropriate General Ledger accounts are updated each time you post. Understand about: Asset Accounting as a Sub-ledger Asset Class Chart...
4. Capital Work in Progress and Assets Capital WIP is referred to as Assets under Construction in SAP and are represented by a specific Asset class. Usually depreciation is not charged on Capital WIP. All costs incurred...
5. Fixed Assets – Creation & Change The functions for handling tangible and intangible assets enable you to illustrate and document the development of fixed assets for accounting purposes. Asset accounting is a subsidiary ledger of the...
6. Fixed Assets Quick Reference The Quick reference on Fixed Assets will provide you all the steps in: Creating an Asset Master Data – AS01 Create Asset Master Data Category-Leasing/Insurance Depreciation- AS01 Change Asset Master...
7. What is a Function Group A Function Group is an ABAP program that contains function modules. Function modules that work with the same data objects can be combined to form the function group. Each function...
8. Profit Center Group Profit center group can be created using KCH1, changed with KCH2 and displayed with KCH3. A profit center group is a hierachical structure of profit centers. We can use profit...
9. Cost Center Group Cost center group can be created using KSH1, changed with KSH2 and displayed with KSH3. We can collect cost centres according to various criteria into groups. This enables we to...
10. SAP Asset Accounting FAQs – Old Assets Data Master 1.    Base on quantity, what are the three methods of old asset data transfer?  In what status does the company code have to be so that the transfer is possible?...
11. Vendor Tolerance Group Freely definable group code for customers and vendors, or G/L accounts. Tolerance groups are unique within a company code. Each tolerance group contains settings that affect cash discount and payment...
12. Profit Center Group – Quick Reference The Quick reference on Profit Center Group will provide you all the steps in: Create Profit Center Group – KCH1 Change Profit Center Group – KCH2 Display Profit Center Group...