New Asset Accounting - Account Approach

Hi Gurus.

I'm doing some tests trying to understand the purpose of New Asset Accounting using Account Approach (since Ledger Approach is perfectly understandable). In which scenario will you use this solution?

Could be it used to report a Balance Sheet using (in the same ledger) different GL accounts? (Changing AO90 and the technical asset reconciliation account accordingly).

Thanks a lot.