Asset and Equipment

[Former Member]

Hi,

I want to know the difference between an asset and an Equipment.

Equiment can be created using IE01

Thanks

[Former Member · Accepted solution]

HI Hiren

ASSET is the master record created in the FI-AA module.

EQUIPMENT is the master record created in the PM module. to moniter the maintenence activites for that particular equipment , that equiment are generally a asset in the finance module.

From the Plant Maintenance (PM) component, you can settle maintenance activities that require capitalization to assets

The Plant Maintenance (PM) component offers functions for the technical management of assets in the form of functional locations and as equipment.

assign points if use full

thanks

gkk

[Former Member · Accepted solution]

Hi GKK,

Suppose I created an Asset Master record. Then I created Equipment using IE01. Now if I delete the equipment, the asset still exists??

Hiren

[Former Member · Accepted solution]

Hiren

If you delete the equipment record the asset will still exist.

thanks

Ashok

[Former Member]

Hi Hiren

It is also possible to create the equipment record whenever the asset is created. There is a task in IMG.

thanks

ashok

[Former Member]

at very basic level

1 Asset can be made up by one or multiple Equipments/components. For eg. You have a big crane which is your asset. Now that crane is made up of body, arms, motor gear, ropes etc. all these are components for that equipment crane. So you can have either 1 to 1 relation between Asset and Equipment or 1:many between Assets and Equipments.

You assign your asset/subasset to that equipment within Equipment master record t-code IE01 under Account Info tab - Account assignment section.

Plz assign points if helpful.

[Former Member]

Kartik,

I got a little confused here...u said that Asset is made up of many equipments....Saying that crane is an asset. Then u said crane is an equipment. I think your answer is correct. Can you please modify your answer a bit.

Hiren