SAP Financial Accounting (SAP FI) Practice Exam

At which level are asset classes configured in SAP?

1. Company code level

2. Client level

3. Plant level

4. Storage level

The correct answer is: Client level

Asset classes in SAP are configured at the client level, meaning that they are universal across all company codes within a client. This allows for consistency and uniformity in how asset management is handled, as the asset class defines specific characteristics and controls for asset accounting, including depreciation methods, account assignment, and value adjustment rules. Setting asset classes at the client level ensures that the configuration and rules associated with them apply to all entities operating under that client, promoting standardization. It provides flexibility for different company codes to manage their assets while adhering to a common framework and structure provided by the asset classes. The other levels mentioned, such as company code level, plant level, and storage level, pertain to other configurations and functionalities within SAP, but asset classes are specifically designed to be configured at the client level for broad applicability across the organization.