What is the meaning of Generate Asset Classes From GL
Accounts. Kindly can any one tell me what is the meaning of
this in detail.

Answers were Sorted based on User's Feedback



What is the meaning of Generate Asset Classes From GL Accounts. Kindly can any one tell me what is ..

Answer / anil kumar

IT MEANS IF WE ARE CREATING THE ASSETS FROM A SMALL
COMPANY, WE CAN CREAT GL ACCOUNT AND FROM THAT GL ACCOUNT
WE CAN CREAT ASSET WITH ITS ACCOUNT DETERMINATION ,
LAYOUTS, NO RANGES ETC AT A TIME THROUGH A WIZARD.

Is This Answer Correct ?    2 Yes 0 No

What is the meaning of Generate Asset Classes From GL Accounts. Kindly can any one tell me what is ..

Answer / n.selvakumar

Asset class is different from GL accounts. Similar assets
which require uniform treatment can be grouped under one
asset class. All the assets booked in the asset class
must have same attributes. Whereas GL account is the
account determination key which links the asset subsidary
books for consolidation .

Is This Answer Correct ?    2 Yes 0 No

What is the meaning of Generate Asset Classes From GL Accounts. Kindly can any one tell me what is ..

Answer / anil kumar

IT MEANS IF WE ARE CREATING THE ASSETS FROM A SMALL
COMPANY, WE CAN CREAT GL ACCOUNT AND FROM THAT GL ACCOUNT
WE CAN CREAT ASSET WITH ITS ACCOUNT DETERMINATION ,
LAYOUTS, NO RANGES ETC AT A TIME THROUGH A WIZARD.

Is This Answer Correct ?    1 Yes 0 No

What is the meaning of Generate Asset Classes From GL Accounts. Kindly can any one tell me what is ..

Answer / pp

Asset classes are main criteria for classifying the
assets.In the Asset class we have to give the account
determination key.Which contains the gl accounts for
Gain,loss from asset sale,Acquisition,depreciation
calculation,Scrapping etc.Whenever create the asset master
we need to give the asset classes.When ever any transactions
are posted happens the Gl accounts attached to asset class
is automatically picked up and entries are passed.In asset
class we have to give the screen layout,Number range.

Is This Answer Correct ?    2 Yes 1 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

what is enterprise structure? what all comprises an enterprise structure?

12 Answers   IBM, TCS, Wipro,


Do you know different types of Operating Concern?

1 Answers   Accenture,


What is the examples of Value fields?

1 Answers   Accenture,


what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently?

7 Answers   Ernst Young, MSK,


What Kind of Report we Can see in Cost based Profitability Analysis and Accounting based Profitability Analysis ? Technical things ?

0 Answers   Accenture,






where is excise amount posted?is he asking abt table name or any other t code? if he said table name so how to find the table name?

0 Answers   TCS, TSE,


what are source of COPA PLANNING?

1 Answers   HCL,


How can I copy the G/L accounts from one company code plz? 1) Within the same client 2) Without the same client Plz tell me step by step, if possible?

2 Answers   IBM,


What is house bank, bank key?

16 Answers   Wipro,


Periodic Processing in Controlling

3 Answers   Accenture,


What is pbo and pai events?

0 Answers  


What is a posting key? : fi- general ledger accounting

0 Answers  


Categories
  • SAP Basis Interview Questions SAP Basis (1262)
  • SAP ABAP Interview Questions SAP ABAP (3939)
  • SAPScript Interview Questions SAPScript (236)
  • SAP SD (Sales & Distribution) Interview Questions SAP SD (Sales & Distribution) (2716)
  • SAP MM (Material Management) Interview Questions SAP MM (Material Management) (911)
  • SAP QM (Quality Management) Interview Questions SAP QM (Quality Management) (99)
  • SAP PP (Production Planning) Interview Questions SAP PP (Production Planning) (523)
  • SAP PM (Plant Maintenance) Interview Questions SAP PM (Plant Maintenance) (252)
  • SAP PS (Project Systems) Interview Questions SAP PS (Project Systems) (138)
  • SAP FI-CO (Financial Accounting & Controlling) Interview Questions SAP FI-CO (Financial Accounting & Controlling) (2766)
  • SAP HR (Human Resource Management) Interview Questions SAP HR (Human Resource Management) (1180)
  • SAP CRM (Customer Relationship Management) Interview Questions SAP CRM (Customer Relationship Management) (432)
  • SAP SRM (Supplier Relationship Management) Interview Questions SAP SRM (Supplier Relationship Management) (132)
  • SAP APO (Advanced Planner Optimizer) Interview Questions SAP APO (Advanced Planner Optimizer) (92)
  • SAP BW (Business Warehouse) Interview Questions SAP BW (Business Warehouse) (896)
  • SAP Business Workflow Interview Questions SAP Business Workflow (72)
  • SAP Security Interview Questions SAP Security (597)
  • SAP Interfaces Interview Questions SAP Interfaces (74)
  • SAP Netweaver Interview Questions SAP Netweaver (282)
  • SAP ALE IDocs Interview Questions SAP ALE IDocs (163)
  • SAP Business One Interview Questions SAP Business One (110)
  • SAP BO BOBJ (Business Objects) Interview Questions SAP BO BOBJ (Business Objects) (388)
  • SAP CPS (Central Process Scheduling) Interview Questions SAP CPS (Central Process Scheduling) (14)
  • SAP GTS (Global Trade Services) Interview Questions SAP GTS (Global Trade Services) (21)
  • SAP Hybris Interview Questions SAP Hybris (132)
  • SAP HANA Interview Questions SAP HANA (700)
  • SAP PI (Process Integration) Interview Questions SAP PI (Process Integration) (113)
  • SAP PO (Process Orchestration) Interview Questions SAP PO (Process Orchestration) (25)
  • SAP BI (Business Intelligence) Interview Questions SAP BI (Business Intelligence) (174)
  • SAP BPC (Business Planning and Consolidation) Interview Questions SAP BPC (Business Planning and Consolidation) (38)
  • SAP BODS (Business Objects Data Services) Interview Questions SAP BODS (Business Objects Data Services) (49)
  • SAP BODI (Business Objects Data Integrator) Interview Questions SAP BODI (Business Objects Data Integrator) (26)
  • SAP Ariba Interview Questions SAP Ariba (9)
  • SAP Fiori Interview Questions SAP Fiori (45)
  • SAP EWM (Extended Warehouse Management) Interview Questions SAP EWM (Extended Warehouse Management) (58)
  • Sap R/3 Interview Questions Sap R/3 (150)
  • SAP FSCM Financial Supply Chain Management Interview Questions SAP FSCM Financial Supply Chain Management (101)
  • SAP WM (Warehouse Management) Interview Questions SAP WM (Warehouse Management) (31)
  • SAP GRC (Governance Risk and Compliance) Interview Questions SAP GRC (Governance Risk and Compliance) (64)
  • SAP MDM (Master Data Management) Interview Questions SAP MDM (Master Data Management) (0)
  • SAP MRS (Multi Resource Scheduling) Interview Questions SAP MRS (Multi Resource Scheduling) (0)
  • SAP ESS MSS (Employee Manager Self Service) Interview Questions SAP ESS MSS (Employee Manager Self Service) (13)
  • SAP CS (Customer Service) Interview Questions SAP CS (Customer Service) (0)
  • SAP TRM (Treasury and Risk Management) Interview Questions SAP TRM (Treasury and Risk Management) (0)
  • SAP Web Dynpro ABAP Interview Questions SAP Web Dynpro ABAP (198)
  • SAP IBP (Integrated Business Planning) Interview Questions SAP IBP (Integrated Business Planning) (0)
  • SAP OO-ABAP (Object Oriented ABAP) Interview Questions SAP OO-ABAP (Object Oriented ABAP) (70)
  • SAP S/4 HANA Finance (Simple Finance) Interview Questions SAP S/4 HANA Finance (Simple Finance) (143)
  • SAP FS-CD (Collections and Disbursements) Interview Questions SAP FS-CD (Collections and Disbursements) (0)
  • SAP PLM (Product Lifecycle Management) Interview Questions SAP PLM (Product Lifecycle Management) (0)
  • SAP SuccessFactors Interview Questions SAP SuccessFactors (33)
  • SAP Vistex Interview Questions SAP Vistex (0)
  • SAP ISR (IS Retail) Interview Questions SAP ISR (IS Retail) (28)
  • SAP IdM (Identity Management) Interview Questions SAP IdM (Identity Management) (0)
  • SAP IM (Investment Management) Interview Questions SAP IM (Investment Management) (0)
  • SAP UI5 Interview Questions SAP UI5 (59)
  • SAP SCM (Supply Chain Management) Interview Questions SAP SCM (Supply Chain Management) (51)
  • SAP XI (Exchange Infrastructure) Interview Questions SAP XI (Exchange Infrastructure) (49)
  • SAP Cloud Platform Interview Questions SAP Cloud Platform (34)
  • SAP Testing Interview Questions SAP Testing (89)
  • SAP SolMan (Solution Manager) Interview Questions SAP SolMan (Solution Manager) (63)
  • SAP MaxDB Interview Questions SAP MaxDB (116)
  • SAP GUI Interview Questions SAP GUI (15)
  • SAP AllOther Interview Questions SAP AllOther (329)