* Transactions within Asset Management are immediately registered (realtime) in the General Ledger. For example, an asset acquisition can be posted as a document: debit assets, credit vendor. In the background, the transaction figures are updated in the general ledger reconciliation accounts. * The Asset Management component is not just used for managing fixed assets in terms of value and governing their depreciation. It can also be used to determine insurance and net worth values, as well as to control capital investment grants. * * * The asset class is the central element in the structuri
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