ABST2 - Not run before.

Hi All,
Can you provide some perspective and guidance regarding the ABST2 transaction.  I started a new job last week and the company I am with has never run the ABST2 and reconciled the balances that appear on this transaction.  Their fiscal year end is on October 31, 2010 so I executed ABST2 and found there are large out of balances. 
They have an external Asset system they feed from SAP because they never fully developed the SAP AA functionality.  They do have Projects and WBS elements that they settle every month but they don't use SAP for their asset reporting.  The ironic part is that when they download SAP asset data to feed it to the external system, there are differences between BOH and EOH values between the systems.  What they check is that the change in values in the two systems are equal which in their minds verifies that current month activity in SAP matches current month activity in the external system. 
Can someone explain to me what are the results of not running and reconciling ABST2?  If we decide to improve the functionality of the Asset Module, what steps do we take to clean up the out of balances on the ABST2 or do we live with what is there and go forward making sure those balances don't change? 
I look forward to your help and discussion. 
Best regards,
Dan Goodhart

Hi Dan,
in below blog (point 8) you will find a very good overview:
/people/javier.reviriego/blog/2008/07/09/year-end-closing-in-asset-accounting-best-practices
regards Bernhard

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    Source:        MSDPM
    Date:          7/20/2014 4:00:01 AM
    Event ID:      976
    Task Category: None
    Level:         Error
    Keywords:      Classic
    User:          N/A
    Computer:      
    Description:
    The description for Event ID 976 from source MSDPM cannot be found. Either the component that raises this event is not installed on your local computer or the installation is corrupted. You can install or repair the component on the local computer.
    If the event originated on another computer, the display information had to be saved with the event.
    The following information was included with the event: 
    The DPM job failed because it could not contact the DPM engine.
    Problem Details:
    <JobTriggerFailed><__System><ID>9</ID><Seq>0</Seq><TimeCreated>7/20/2014 8:00:01 AM</TimeCreated><Source>TriggerJob.cs</Source><Line>76</Line><HasError>True</HasError></__System><Tags><JobSchedule
    /></Tags></JobTriggerFailed>
    the message resource is present but the message is not found in the string/message table
    plz help me to resolve this error.
    jacob

    Hi,
    i would try to reinstall DPM
    Backup DB
    uninstall DPM
    Install DPM same Version like before
    restore DPM DB
    run dpmsync.exe -sync
    finished
    Seidl Michael | http://www.techguy.at |
    twitter.com/techguyat | facebook.com/techguyat

  • Firefox 4.0 will not find update to 4.0.1, add-ons for 4.0.1 will not run

    30 May 2011, 18:22h UTC
    Downloaded 4.0 UK-edition on my laptop, the 4.0 US-edition on my desktop, and the 4.0 UK-edition on a 2nd laptop.
    On mine, updates to 4.0.1 are not found, some add-ons were taken off, as incompatible, that ran on the 4.0 on my desktop (and weren't on the 2nd laptop). Add-ons, now already even compatible with 4.0.1 (running on the 2nd laptop) will not run as 'incompatible' with 4.0 (though listed on the add-ons site as compatible.
    It has stopped telling me that 'something' is pretending to be an update from Firefox (whatever that 'something' be?) since setting the browser to updating manually, but asking me first what to do. All currently installed add-ons have not asked me for some time (though on other computers), and also report as fully up-t0-date.
    Ergo: Neither Firefox 4.0 nor any installed add-ons update correctly.
    Didn't crash, though it 'likes' doing that after printing (always Badly! with dreadful printing options/previews), leaving two tabs (rather than the one before), both of which only can be shut from their context menus. Crash reports have been sent with same email address, but not been answered. This browser has all the qualities of a Beta-release and needs some serious overhauls (it's also not very new or much safer!).
    Example for an add-on that won't install on 4.0, but will under 4.0.1: CookieMonster - which is desperately needed, given your browser still suffers from minimal, insufficient cookie management, incl. lists of domains that wish to set 'another' cookie when no cookies are as yet, allegedly, sitting on the computer.

    I've since updated manually to 4.0.1, but haven't yet tried the full uninstall version, because I have to export plenty of settings first (and/or manually copy them). Also means I'd have to start from scratch with many customizations in No Script.
    That said, I'll try the 'Safe Mode' option tonight, thank you :-)!
    If I have to uninstall the whole shebang, I'd be more tempted to go back to 3.6.x until a few more of 4's teething problems (e.g. the messy print dialogues, particularly preview, which regularly doesn't even work) have been tackled.
    Thanks-1M! for now - keep you posted.

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