Debt management in Fixed assets
Hi All,
I have a project as a question which I try to realize but I do not know if it is possible in Fixed oracle Asset.
The question is as follows:
Shall I can generated the writing of subscription of a loan in oracle Basic salaries Assets fa as an acquisition of an asset which can be an asset with a negative value?
Why this question?
In reality, it is because I would like to handle all the accounting cycle of a loan (subscription, refund, amortization,...) in oracle FA and I wonder upstream if there is indeed an elegant and automatic solution by FA?
Thank you for expressing me our opinions if this is possible and how.
Saritha,
We generate that on the fly. Just insert records into the table fa_asset_keywords.
INSERT INTO fa_asset_keywords
(enabled_flag, code_combination_id, segment1,
summary_flag, last_update_date, last_updated_by,
last_update_login)
VALUES ('Y', fa_asset_keywords_s.NEXTVAL, substr(model,1,30),
'N', SYSDATE, fnd_global.user_id,
fnd_global.login_id);
Both value sets are "None" validated. Hence gives us a choice to insert the values on the fly and generate CCID.
Thanks
Nagamohan
Similar Messages
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Fixed assets addon - question about items...
Hi,
Does an asset item has necessarily to be inventoried ?? If so, this is not logical to see them in the Audit Report.... what do you think about that ?
thanks,
LuceHi Luce,
Stock Audit report is for all stock items which can be found in 'Inventory-> Item Master Data' in the company.
When you define a new fixed asset in fixed assets module, Financials -> Fixed Assets -> Fixed Asset Master Data, the fixed assets will not be shown in stock audit report because the asset is not a item in item master data.
When you define a assets class from Administration ->Setup -> Fixed Assets -> Define Asset Classes, the asset classes are defined as items and appear in the item master data. Consequently, some items in your system represent asset classes. Using items enables Fixed Assets to be integrated easily with the Purchasing and Sales modules in subsequent versions of Fixed Assets. This integration means that you can, for example, purchase assets using the purchase order and incoming invoice processes.
If you manage the fixed assets on assets level, not classes level,there will be no stock transactions for these assets classes and the assets classes will not be shown in stock audit report.
On the other hand, if you make some stock transaction on these assets classes in Business One core module, the assets classes will be shown in stock audit report.
I hope this anwsers your question.
Regards,
Ivy Zhang
SAP Business One Forums Team -
Debt Extension Cost in Fixed Assets
Hi,
Could someone please explain Debt Extension Cost in Fixed Assets?
thanks.
S.SriramHi,
You isolate assets where an amortized adjustment is made by checking fa_transactions_headers where (transaction_subtype = 'AMORTIZED' OR transaction_key = 'UA'). Any asset/book combination that meets that has an amortized adjustment. Since one can't make any expensed adjustments after an amortized adjustment, you don't have to check for a specific transaction. Just check where the condition exists.
Regards.
Ata ur Reman
Thanks for Halim (My Oracle Support Community) -
AuC to Fixed Asset Settlement... (through Investment Management)
Hi,
Is there any way wherein I can settle the AuC to Fixed Asset without clearing down payments related to that AuC?
Kindly assist....Hi,
Is there any way wherein I can settle the AuC to Fixed Asset without clearing down payments related to the same?
The reason for this is my client made a down payment (with special GL indicator A) in December 2010 and he wants to settle the asset in December itself....
However, the down payment clearing is happening in this month.... But, he does not want to wait till the down payment clearing and wants to settle the same in December.
When he is trying to settle Without down payment clearing he is getting the following error...
Down payment to recipient 212000 0 area 01 amount 74,034.00 not cleared
Message no. AW605
Diagnosis
All downpayments were not cleared for the asset under construction for the receiver 130434 0 in area 01. An amount of 74,034.00 was not cleared, or too much was cleared.
You can only completely transfer an asset under construction if you reverse the down payments in the current fiscal year beforehand.
Procedure
Clear the downpayments that you want to settle to receiver 130434 0.
Kindly assist on this issue.... whether it is possble or not?
Thanks in Advance -
Fixed Asset: Current Year Depreciation
Dear Experts,
Previously, fixed assets was managed manually in an excel sheet and depreciation was calculated manually in the excel sheet.
My client wants to start using the FA Addon in March. I managed to import all the fixed asset master data with its Cost, Acc. Depn and NBV. They all tally with the GL balances as at 31.12.2010 which is the last day of the accounting year.
However, I have problem with the current year accumulated depn figure. When I run depreciation for Jan-Feb, the figure does not tally with the GL balances as at 28.02.2011.
For example:
Fixed Asset Cost: $5,859.00
In SAP B1
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Planned monthly depreciation: $162.77 <-- Not sure how B1 get this figure
Therefore, accumulated depreciation for current year as at 28.02.2011 = $325.54
Manual via Excel
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Accumulated depreciation for current year as at 28.02.2011= ($5,859 x 33.33%) / 12 x 2 = $325.47
How do I get the current year depreciation to tie with the GL?Hi Joyce,
I understand the issue you are facing is that
accumulated depreciation for current year as at 28.02.2011(calculated by Fixed assets addon) = $325.54,
but
accumulated depreciation for current year as at 28.02.2011(calculated by excel)= ($5,859 x 33.33%) / 12 x 2 = $325.47
you want to know how system calculate the accumulated depreciation as $325.54?
in order to make it clear,
please let me know how did you define the FA master data,such as the net book value,useful life,remaing life and so on.
Please check the FA master data->general tab and calculation tab,as it is not possible to attach the screenshot to show the relevant data,please log a SAP message for the further assistance.
Kind regards,
Eleven -
Fixed Asset failed to do a capitalization credit memo
Hi All
financial period April - Mar
I have this fixed asset capitalized on 1 May 2014, from A/P invoice at the price of 14,649.37. I have done the depreciation run for May-Jul (period 2 - 4). Now I want to do a capitalization credit memo on 1 Aug 2014 and noticed that it prompted me error even though I have just put $1. Then I tried to do an asset revaluation, realized that the NBV is negative now. I believe this is the reason why the cn is disallowed, but I have no idea why it has fallen to negative value. Please kindly advise.
At first I thought the quantity matters, because I didnt put "Consider quantity" in the AP invoice, so the capitalization which was created automatically has zero quantity. But later on I realized that I have other asset which has also zero quantity and has done depreciation before, yet managed to do a credit memo.
In the asset class, I set to SL1, but in the fix asset master, i changed to SL. I dont this is the cause of the error.
The (1627.76) is derived from the depreciation, 406.94 * 4 months (May, Jun, Jul, Aug) even though the depreciation for august has not been done yet.
Regards
YvaineHi,
Please refer SAP note :
1898965 - 9.0 - Cannot add AP Credit Memo or Capitalization Credit
Memo for fixed assets
Thanks & Regards,
Nagarajan -
Automatic settlement rule for receiver 'Fixed asset' (with out IM)
Hi Experts
I am working with project settlement to a fixed asset.
I have defined a selttlement profile in which, FXA is the only valid receiver.
Please note that we do not use Investment managent and hence no automatic AUC.The predefined asset to be used for settlement.
In this situation i am unable to generate settlement rule automatically as like the case with CTR.
The below message is experienced.
"Enter a distribution rule for Asset without a validity limit"
However i have manually maintained the settlement rule with specification of appropriate asset as receiver and settled.
In this scenario, how to ensure that the settlement rule is automatically generated, any where can we refer the fixed asset?
warm regards
ramSivaHi,
Settlement rule cannot be automatically maintsined, you have to maintain manually, for example if you want to settle to fixed asset, how the system know to which fixed asset it should settle. You have to maintain settlement parameter manually.
Regards,
Sreekanth -
New user to Oracle 11i who needs help on creation of new fixed asset class
Hi all,
I am new to my Company who is using Oracle 11i. And the Company has a new class of fixed asset and a GL code has been created. But there is no link between the Fixed Asset Manager and the GL code, i.e. depreciation is not linked, additions are not captured into "Cost register", no asset number was assigned in Oracle. Please help.
Thanks,
SimonHi.
No, Simon, it does not work that way.
First, be sure that the distribution line has the flag "Track as Asset" checked.
Second, the GL Account to be used on the distribution line must be the one defined, in the FA Asset Category, as the Asset Clearing Account.
In FA, navigate to /Setup/Asset System/Asset Categories. Following, query a Category. There you can see which account has been used as the Asset Clearing Account.
You can use as many Asset Clearing accounts as you which, but normally, all Categories share the same account.
Now reverse the distribution line and cretae a new one with the correct account. Post it, run the Mass Additions Process and you will see the that the addition was created.
Hope this helps.
Octavio -
Posting of accounting entry related to Fixed assets
Dear All,
I have an issue as below:
We have implemented ECC 5.00 in oct,06. As part of implementation, asset management also has been implemented.
We have uploaded the asset values properly. At the same time we have posted an accouting entry through OASV to update the GL account balance.
It was observed that Fixed account and accumlated depreciation account has been posted with higher amount.
Value of the assets as per register 100,000
Less Accumulated dep., 10,000
Net value as per asset register 90,000
At the same time GL account balance has been posted as below
GL Account(cost of asset) :150,000
Less accumulated dep a/c 60,000
Net value as per B/s 90,000
When we compare asset register and GL balance, we could not find any difference as both are showing 90,000 only.
But when we compare cost of asset account(as per b/s) with value of the asset as per asset register we can found difference amount of 50,000.(150000-100000)
Same situation for Accumulated depreciation also. 50,000 has been posted excessivly.(60000-10000)
Now can some one tell me how to adjust the difference between asset register and b/s.
Is there any way we can get the individual balance sheet accounts to mirror the fixed asset register.
Can i post any adjustment entry through OASV as below
Accumulated dep account dr 50,000
cost of asset a/c 50,000
Is it suggestble to post an account entry in 2006 as above.
Also let me know is there any side effects?
Thanks in advance
Regards,
PrasadYou can post this entry. This makes your recon perfect. However, it may not be advisable to post in 2006. Please find out from your finance users and try to post in the beginning of 2008, since 2007 must also be closed by now
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Report in SAP that shows me the fixed assets per vendor
Hi,
I have been asked to produce the following;
Can I run a report in SAP that shows me the fixed assets per vendor?
I need the detail of the depreciations (start and end date, purchase price, depreciation rate, methodu2026) and the fixed assets register (purchase amount, purchase date, vendor nameu2026)
Could you kindly explain to me in simple steps what report I should run?
Many thanks in advance.
AlexHi, there is no such report in SAP. You can develop your own, The main issue is that to get vendor for asset to which were issued material from storage. You can do it via batch(write down while purchasing to some field, or to find it via batch). Fir material for which batch management is not active it's not possible to, because you can buy one material from different vendors.
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Purchase of Fixed Asset through Cash Journal
Please let me know whether it is possible to purchase a Fixed Asset through Cash Journal without the Internal Order route?
Hi,
You can not procure Asset directly from Cash Journal. Also it is not the Best Practice to procure asset from Cash.
Still if you want to procure an asset from Cash Journal, there is a workaround available. You have to route the transaction via Clearing Account (Balance sheet A/c). The Business Transaction in the Cash Journal will be mapped to a Clearing account specifically created for Asset Procurement. The entry which will be passed is
Asset Clearing Account Dr.
Cash A/c Cr.
Then you will have to pass a entry for taking this amount from the Asset Clearing account to the Asset. The entry will be
Asset A/c Dr.
Asset Clearing Account Cr.
You have to activate the Open Item Management for the Asset Clearing Account.
Regards,
Amit -
Accounting entries process in Fixed Asset Module
Dear all,
I don't know Accounting entries process in Fixed Asset Module. I don't know how to post accounting entries and manage fixed assets
Anyone can share me documents that is relevant to business transaction in fixed asset module.
My ID: [email protected]
Thank in advance
Minh
Edited by: Tran Binh Minh on Apr 21, 2008 5:04 AMHi,
Good Morning,
We are using Oracle R 12 Version 12.1.3
and the issue i m facing Corporate Book as we have not yet started Tax Book
The Addition posted period is closed, but I want to change life in Open Period Mar 12 ( latest open period).
Yes Depreciation Run for March 12.
Please help
Regards
Anant Danve
9820077180 -
Hi All,
Can any one help me in understanding what is Impairment of Fixed Assets, As you must be aware, the Institute of Chartered Accountants of India has made it mandatory for all entities to account for impairment of assets. The institute has brought about such requirement vide its Accounting Standard 28 (AS 28).
As my client asking to implement it.
What all additional steps involve in this.
Regards
ShayamIn order to carry out the necessary tasks in the system, you can use the same functions that are used for showing investment support on the liabilities side of the balance sheet (see Special Valuation). These system functions make it possible for you to manage the reduction in value in a separate depreciation area, in which it can be depreciated. Define this depreciation area with the following characteristics (under Valuation):
Post assets in general ledger realtime
Management of positive and negative book values
Is not a derived depreciation area
Area type: "investment support on liabilities side"
No takeover of APC values from another depreciation area
Mandatory takeover of depreciation terms from area 01
If depreciation area 01 uses a depreciation key that depreciates the net book value over the remaining useful life, the value reduction will also be depreciated over the remaining useful life of the asset. In that case, it is not necessary to change the remaining useful life manually.
Periodic posting of depreciation (under: Depreciation ® Post depreciation to the general ledger).
Indicator set for "depreciation area manages investment support" (under Special Valuation ® Investment support).
Transaction Types
You use separate transaction types for posting the value reduction. Define these transaction types in FI-AA Customizing (Special Valuation ® Investment Support ® Check transaction types for investment support measures). The key for these transaction types always begins with capital letter "I" (for example, I01). Please be aware that these transaction types post only to depreciation areas that are defined for managing value reductions.
You can create the value reduction as a "support measure" in FI-AA Customizing (Define investment support measures). If you do, the system automatically creates the necessary transaction type. -
Oracle Web ADI integrate with Fixed Asset
Dear All,
We are doing a test for integrating fixed asset - physical inventory with Oracle Web ADI. We have managed to define the layout and create mapping for Fixed Asset - Physical Inventory, but when it came to create document for fixed asset, it does not have Fixed Asset - Physical Inventory as the integrator in the list. Does anyone know how to add Fixed Asset - Physical Inventory into the list of integrator? If you know how to do it, may you please post me the steps to add it?
Thank you,
DanielIf you need provisioning, your product is OIM. OAM
controls access to web applicationes. If you need to
provision different apps, and each one has its own
user repository, you will need to deploy an OIM
connector for each of them.I have done the integration of OIM 10.1.4.2 with Oracle Apps 11i and now consider on adding other standalone applications such web apps, discoverer to the system. Seems from your answer, we do not need OAM. We only want the accounts managed at the central OIM. Let me know if i am wrong.
Thanks -
Hi All,
What is the MM and fixed asset Process?
Thank You,
MisbahHi,
Good evening and greetings,
MM is the materials management module which takes care of the stock. The key object in MM is plant and underneath each plant we have storage location.
For further understanding please go through the following link
http://help.sap.com/saphelp_erp2005vp/helpdata/en/cf/cd1e3f762cd036e10000000a114084/frameset.htm
Fixed Assets is basically covers all the fixed assets of an organization. A company can capitalize the own stock from MM into Fixed Asset.
Please go through the following link
http://help.sap.com/saphelp_erp2005vp/helpdata/en/4f/71daab448011d189f00000e81ddfac/frameset.htm
Please reward points if found useful.
Thanking you
With kindest regards
Ramesh Padmanabhan
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