Which date determines the period of the asset acquisition?

Which date determines the period of the asset acquisition?
A . Posting Date
B . Document Date
C . Asset Value Date
D . Base Date

Answer: A

Explanation:

In the context of SAP S/4HANA Cloud Public Edition, the ‘Posting Date’ is the date that determines the period of the asset acquisition. This date is critical as it dictates the accounting period in which the asset acquisition is recorded, impacting the financial statements and the asset’s depreciation calculation commencement. The Posting Date ensures that the asset acquisition aligns with the appropriate fiscal period for accurate financial reporting and asset management.

References:

SAP S/4HANA Cloud Asset Accounting documentation

Best practices for asset acquisition postings in SAP