SAP ERP Financials and FICO Handbook

1.7 FI-AA 59
Of the preceding methods, if you want to create more than one asset of
a similar kind, the second option is the best one. For example, say you have
purchased three laptops and you want to create three assets (all of which are
laptops).
FIGURE 1.35
Asset master creation
126. Explain various ways to acquire assets and the corresponding accounting
entries.
Assets can be acquired in the following ways:
1. Outright Purchase: This is the common way for purchase of an asset. In case
of outright purchase, you can acquire an asset from your supplier.
2. Assets Under Construction: These are assets that clients generate or build within
their environment, i.e., construction of building, plant, and machinery.
3. Intercompany Transfer: Someone’s company code transfers certain assets to
another company code within a corporate group.