Use
It is possible to structure fixed assets at several different levels in the system:
Structuring of Fixed Assets
Features
Balance Sheet Level
For structuring according to balance sheet criteria, the R/3 Financial Accounting (FI) component offers a three-level hierarchy:
Classification Level
At this level, fixed assets can be structured using asset classes in the Asset Accounting component. You use asset classes to structure assets according to legal requirements or the demands of accounting. Every asset belongs to an asset class. You use the account determination in the asset class to assign each asset to an item in the balance sheet (refer to
Account Determination). For more information, see Functions of the Asset Class.Asset-Related Level
At the asset-related level, a four-level hierarchy has been set up in the Asset Accounting component (refer to
Basic Functions of Asset Maintenance ):Group assets are used primarily in the USA to meet certain tax requirements.
Please note that this four-tiered hierarchy is not mandatory. You can represent a