Asset acquisition - mid quarter convention - USA

Hi all,
please help!
I am worknig on MACRS depreciation for Asset.
THe point is: we have different depreciation keys which must be applied depending if more then 40% of the all amount of asset of the year was acquired in the last quarter of the year.
Question: since I can set as a default only one depreciation key, how can I switch it in the case that at the end of the year more then the 40% was acquired in the last quarter of the year? Must it be done manually or there is an automatic step in the system?
Please help me
Valeria

Hi Valeria,
As you rightly said, the decision to switch the key to a mid-quarter will be determined only at the end of the last quarter. When you have to change the key based on such determination, you can create a simple substitution rule for the depreciation key for the relevant depn, areas. Then, create a worklist for all the assets that fall under the mid-quarter convention by company code and use the substitution rule. Run a recalculate depreciation AFAR and new depreciation values will take effect.
Thanks,
Jagdish

Similar Messages

Asset Acquisitions (Mid-Quarter-Convention) Report

Hello All,
I am executing the report S_ALR_87012047 by which i am getting the US tax report in List form(display) and also i am giving the sort version as 7, by which i am getting the report in List format.
But my query is i am able to see the US Tax report given in SAP Press release book as Grid Display and it is according to the Quarter wise they have displayed the report. Anyone help me out to display the report in Grid and with Quarter wise.
For the above do i need to create a layout?
Regards
VEnk@

The reports are based on complete fiscal year.
You can have a look to the transaction:
ARQ0 - Ad Hoc Reports
The reports 27 and 28
Then you can combine a standard report with this in EXCEL

Asset Accounting - Mid month Convention

Hi,
I have a problem in Asset Accouting for configuring a mid-month convention (and mid-quarter), settings. I activated the use of half-month in my company code (value 15), and defined Calender assignment for my Fiscal year variant, for Period control 03. The depreciation start date is correctly calculated for the tax depreciation area (period control 03). But, for my book and group depreciation area (period control 01 - 1st of acquisition month), the system also calculating 15/mm.
For Book Depreciation area I need to calculate depreciation for the entire period in which Asset is acquired (period Control 01) Currently If I acuire the asset before 15th of month its calculating depreciation for entire month and If I acquire the asset after 15th of month its calculating only for half month.
Is there a way to have mid-month calculation only applying to specific depreciation area ? Did i miss something in the customizing or do I have to change the period control 01 to force the start date at the first of the current month ?
If you require any futher info to provide input on this issue, Please let me know.
Thanks in advance to everyone who could help me.

As long as the depreciation keys are different between the depreciation areas you should be able to have one calculating at mid-month and the other at full month, respectively.
Just a thought: Go into transaction "OAVH" and make sure that the periods are assigned correctly for your Period Control "1". It should have one line item with a "0" in the month and day field and the period field should be 'blank'.
If the Period Control is correct, you should try creating a custom Period Control that defines each period as the last day of the month.
Hope this helps,
Chad

Which depreciation key is eligible for mid-month convention in SAP?

Dear Experts,
I am looking for the depreciation key for mid-month convention for USA in SAP standard system.
Do you know what key is for this convention?
Thanks.
BR,
Chris Kim

Dear sapfincon,
Thank you for your comment.
When I looked at those depreciation keys, LINA/LINK/LINR, those period control are 007 or 008.
In case of acquisition for those period controls, "007" has "04" (First year convention at half year start date) and "008" "01" (Pro rata at period start date).
I don't think these "04" and "01" stand for mid-month convention.
I assume the period control "02" (Pro rata upto mid-period at period start date) is for mid-month convention.
What do you think about this?
Thanks again.
BR,
Chris Kim

Mid quarter depreciation without setting the mid period

Hello All,
Thank you for taking time to read my question.
When AA went live, half monthly data for the company code was not maintained (while it should have been maintained 15 as the mid period). Since the half period is not configured, I am not able to set the mid month setting in OAVH. Now the taxes are calculated with an additional 15 days when specifying mid quarter when using period method control 005. The company code went live last year October and SAP will not allow updating the mid period from blank to 15.
Have anyone dealt with such a situation? I planned on defining a new period control key and assign it to a custom period method control. But still not able to get the depreciation value correct to the mid quarter.
Any help is greatly appreciated.
AM

What do you mean without mid period setting? Is this OAVH? Anyway, you can try this.
Use of Half Months in the Company Code
In this step, you determine the company codes in which you want to use half periods. In this way, you can calculate depreciation in these company codes on the basis of half months or half periods. Using this method, you can work with 24 periods in Asset Accounting, although the fiscal year version in Financial Accounting has only 12 normal periods (without using a different fiscal year version for Asset Accounting).
You should be aware, however, that the specifications for periods in the transactions in Asset Accounting (such as, useful life) have to be based on whole periods (12).
Example
Half periods are, for example, necessary to represent the "mid quarter/month rule". This is a version widely used in the U.S.A. With this rule, it is important for the determination of depreciation whether an acquisition takes place in the first or the second half of a period.
Caution
When you specify the use of half periods in the definition of an asset company code, half periods are automatically specified in all other company codes that use this fiscal year version.
You cannot use half periods with non-calendar fiscal months.
You cannot take back the use of half periods once the specification has been made. It is noted internally by the system in the asset master records.
Requirements
The number of the posting periods in the fiscal year version used must correspond to the number of calendar months (12).
Activities
1. Specify the use of half periods by entering the date (for example, the 15th) for the middle of the period for the company codes.
2. If you have defined period controls yourself
(see Period Control),
you must provide for the use of half periods in their assignment rules. For monthly and quarterly periods, corresponding period controls have already been created as standard in the system.
Thanks!
Jhero

Change in Useful life of asset in mid year, but the previous posted depreciation should not be changed

Dear Experts,
I have a requirement in one of my client, We need to extend the useful life of asset in mid of an asset fiscal year and the depreciation which was posted in the previous should not be changed.
Requirement:
Useful life of asset is to be extended after completing depreciation for 4 years and in-between the current asset fiscal year. Provided the present asset value has to be taken as the new book value of the asset and the depreciation posted henceforth to be posted based on the new asset value till the remaining useful life.
Previously posted depreciation should be unchanged.
Analysis:
1.      The fiscal Year followed - October to September.
2.      The useful life of asset will be changed, and the depreciated value posted till 31/mar 2014 will have the old depreciation value ( based on the original acquisition value)
3.      The Depreciation key used in of type LINR (linear), depreciation value will be calculated based on the Book value till the asset value becomes ZERO at the end of useful life of the asset.
4.      We can change the useful life of the asset at the end of a Asset fiscal year say FY- 2014, if this is done the existing configuration will take the Book value of the asset at the end of the Fiscal as the asset value and the new depreciation will be calculated based on the new useful life of the asset. The asset value will become ZERO at the end of the newly changed Useful Life.
5.      But the requirement is that the useful life of the asset will be changed exactly half way in between existing Asset fiscal (i.e., 31/03/2014), if this is done system will change the depreciation value based on the new useful life ( since the Dep Key is LINR), but the depreciation value will change from the fiscal start say October 2013 to September 2014 ), which will not satisfy the requirement of the client. Since the depreciation which is already posted from October 2013 to March 2014 should not be changed.
Note:
1. We are not willing to retire the asset and create a new asset with the remaining book value as asset value and start depreciation.
Kindly let me know if the requirement can be fulfilled without retiring the asset.

Dear All,
This requirement has been completed.
1. I created New Multi level valuation method with base 26 ( Net book value w/o Revaluation ).
2. New depreciation key was created and the above method was assigned to it. I never changed the Base method.
3. new interval was created in the depreciation area, with this created dep key and extended the useful life of the asset. The depreciation was calculated according to the requirement.
Originally the asset had useful life of 5 Years, I changed the asset useful life to 8 years now with new Depreciation key 2001.
Depreciation was already posted to the asset till 04- 2013 for an amount of 148.27 SAR.
Net Book value carried forward to 2013 = 1575.56 SAR
Depreciation already posted till 4th period =   148.27 SAR
Current Net book value after useful life extension           = 1427.29 SAR .
Now the new depreciation key 2001 with Multilevel method 201, will take this Net-book value as Asset value and will depreciate along the useful life of the asset till it becomes zero.
Planned depreciation of 2013 ( remaining 6 months) = 166.24 SAR
Planned depreciation of 2014 = 225.96 SAR
Planned depreciation of 2015 = 225.96 SAR
Planned depreciation of 2016 = 225.96 SAR
Planned depreciation of 2017 = 225.96 SAR
Planned depreciation of 2018 = 225.96 SAR
Planned depreciation of 2019 = 131.25 SAR
Total      = 1427.29 SAR ( the Asset value becomes zero at the end of its remaining useful life.
The previously posted depreciation from 01.01.2013 to 30.04.2013 was untouched.

Fixed asset acquisition report by month?

Hi,
We're using the fixed asset acquisition report thru tcode 'S_ALR_87012050 '.
but there is only the report date input with the last day of the fiscal year concerned.
Is there any standard report to see acquisition amount with month-end or specific date?
Thanks for your help.

Chris,
I have just one more suggestion. Even though you have to use a yearend Report date for a closed prior-year, you could define a range in the Posting date selection criteria. In other words, if you would like to see the acquisitions for a given month or range of months in a closed prior-year, then give a 12/31/PY for the Report date and a specified date range in the Posting date selection criteria.
Hope this helps.
Thanks,
Chad
Edited by: Chad Busbee on Feb 8, 2008 2:56 PM

Error while doing asset acquisition

Hi Friends
I am tryin to post an asset acquisition but gettin the following error-
Contact your system administrator (table error)
Message no. AA824
Diagnosis
No accounts have been entered for depreciation area 01 for account allocation 11000 (chart of accounts CAIN).
Procedure
Maintain the accounts for depreciation area 01.
I have done the Account determination for Dep Area 01.
Am i missing something here? Help would be greatly appreciated.

Hello Vishal
Use report RACKONTO to have an extended log of eventual inconsistencies in any of your account determinations. Make sure the log is error free for all the account determinations.
Regards
Javier Reviriego

Error while posting asset acquisition

hai
while posting asset acquisition in f-90 iam getting error that "asset is incomplete' when analysed using RAUNVA00 , it is asking to update field group-22 i.e scrap value, but this field is not found in asset master, pls help me.
thank u
shivaji.a

In AS02 you go the Depreciation key and double click on the depreciation key. In the following screen "additional Specifications" you give Scrap value.

Asset Acquisition Error: Global Company is not supported

Dear All
i am trying to post and asset acquisition through F-90 when i try to save the document i am getting the
following message
Global company XXXXX is not supported
Message no. GI102
Diagnosis
The direct posting function could not find the global company specified. The global company has either been entered in the document or read from table T001 based on the transferred company code. Each global company must be defined in table T880.
System Response
Direct posting to General Ledger cannot take place.
Procedure
Check the document as well as tables T001 and T880.
Please tell me how to rectify this problem
Regards
Bilal

Hi Have a look to SE16 if the values are in both tables are the same.
In SM30 you can fill in the table name and click on the button Customizing to found where you have to change the settings
Paul

Document Splitting problem while posting asset acquisition using F-90

Hi,
We are using ECC 6.0 with document splitting functionality and are facing problem while posting asset acquisition using F-90.
The transaction entry details are as below:
Document Type - KR
Vendor Line Item PKey - 31
Amount - 10000
Asset Line Item with PKey - 70, Transaction Type - 100
Amount - 10000
The Document Splitting Rule - 0000000012 is used and the Field Status Group for the Vendor Reconciliation Account and Asset Reconciliation account have Cost Center, Profit Center and Segment as "Optional" field.
The Balance Sheet Item - Asset Reconciliation Account has been created as
Secondary Cost Element - 90.
The Profit Center and Segment field have been made mandatory and zero balancing is also set in the settings for Document Splitting.
While posting asset acquisition using F-90, we are getting the error message - "Balancing Field "Profit Center" in line item 001 not filled"
The first line refers to the Vendor Line item.
Please let me know how to overcome this error.
Regards,
Ramanand

Please follow the below path and do config :-
IMG>FA>Asset Accounting>Integration with the General Ledger>Additional Account Assignment Objects>Specify Account Assignment Types for Account Assignment Objects
here you have to put KOSTL (Cost center) for both against APC and Dep run for each Dep area.
Thanks
Pyare

External Asset Acquisitions

Dear
FI/CO PROFESSIONALS
In External Asset Acquisitions, we have Different methods to post purchase order like with FI-AP/FI-MM ,with integration ,with non intigraton
KINDLY EXPLAIN ME whats these methods really? what is integration/non integration in this scenario , in which criteria we use these methods ?
We use Fi with vendor directly to save time but iam confusing with other methods plz
explain me ...
thanks regards
raju

Hi NagaRaju,
An external asset acquisition is a business transaction resulting from the acquisition of an asset from a business partner (in contrast to an acquisition from in-house production). You can post the acquisition of a purchased asset in several different ways, using different components of the R/3 System:
In Asset Accounting (FI-AA) in integration with Accounts Payable (FI-AP), but without reference to a purchase order:
(ii)In Asset Accounting, without reference to a purchase order, without integration with Accounts Payable (posting to a clearing account - with or without clearing).
(iii) In Materials Management (MM) at goods receipt or invoice receipt (refer to Processing Asset Acquisitions in Purchasing (FI-AA/MM) and Goods Receipt and Invoice Receipt with Reference to Asset).
Process Flow:Integrated Asset Acquisition Posting
If you are also using SAP R/3 Accounts Payable (FI-AP), it is recommended that you take advantage of this integration and post the asset acquisition (without reference to a purchase order) With vendor. This means that you can post the asset acquisition and the corresponding vendor payable in one transaction. Using this transaction reduces the time and energy required for data entry and the possibility of discrepancies.
Non-Integrated Asset Acquisition Posting:You can post the acquisition of a purchased asset to a clearing account rather than using integrated posting to Accounts Payable. There are two scenarios:
The asset acquisition comes before the receipt of the invoice. The offsetting entry is posted automatically. As the acquisition amount, specify the actual net amount to be capitalized. Regardless of the document type (gross/net) which you use, the system does not deduct a discount here.
The asset acquisition is posted after the receipt of the invoice. You posted the invoice as an open item to a clearing account, and now you need to clear this entry. If the clearing account used is an open item account, when you post the acquisition, you can manually clear the posting to the clearing account (vendor invoice) at the same time (transfer with clearing). The corresponding transaction allows you to select all open items, per clearing account (account type S for General Ledger account) according to varying criteria.
Cash Discount:When posting an asset acquisition integrated with Accounts Payable, your choice of document type determines whether you post gross (without cash discount deducted) or net (with cash discount deducted).
When you use a document type for net posting, the system determines the cash discount deduction automatically by means of the specified terms of payment, and capitalizes the invoice amount on the fixed asset, minus sales tax and cash discount.
During the payment run, differences may arise between the amount paid and the capitalization amount, because too little or too much cash discount was deducted. In this case, make adjustments to the APC using collective processing in the General Ledger (General Ledger->Periodic processing->Closing->Regroup-> Prof.segment adjstmt).
When you post an asset acquisition without integration with Accounts Payable, you have to capitalize the actual APC amount (without cash discount being deducted) to the asset. In this case, the cash discount is treated only on the vendor side.
Acquisition with Value Adjustments:You can post gross acquisitions, if you want to post assets that not only have APC, but also have value adjustments already. In order to use this option, set the gross acquisition indicator in the transaction type you use. The system then permits you to enter APC and accompanying value adjustments when you post the acquisition using the transaction under Postings ->Miscellaneous.
Hope I had been able to help you. Pleaae assign points.
Rgds
Manish

FI MM integration _ Asset acquisition through PO

Hi,
in FI MM integration , Asset acquisition through PO - Do we need any configuration in OBYC/OBYD?
Thank you
Vedavatee

When you receive the asset through MIGO for Asset PO, system automatically consume this material for the specied Asset and Gl account which are mentioned in the PO.. these happened through the settings in OMWN..
Same way, you can stock the asset and later you issue to a Asset number and Gl account... so setting in OMWN with 201 movement and VBR are required. OMWN is mostly SAP standard and you can only change the account modifier if you want to have your own account modiefer for some specific reason. otherwise you dont need to change anything in OMWN.

Report S_ALR_87012050 - Asset Acquisitions

Hello,
The report S_ALR_87012050 - Asset Acquisitions is bringing only information from the "current year" acquisition - Tty 336, and it's not bringing information from the "prior year" - Tty 331.
Is it a customizing in the report to change it, or is it default by SAP?
Comparing to the report S_ALR_87011990 - Asset History Sheet, the values from the acquisition don't match because of this difference.
Thanks,
Barbara

Hi Barbara,
In our system we don't have ttype 331 and 336.
Have a look in SPRO what Transaction type grp you are using (31 or 33 should be in)
Financial Accounting / Asset Accounting / Transactions / Transfers / Define Transaction Types for Transfers.

Asset acquisition date (How to change?)

Hi all,
As per http://www.jt77.com/financials/finan-15236.html
Asset capitalization date = 1day of depreciation calculation
Asset acquisition date = day of first cost allocation to the asset
Asset value date = date of effect in asset account of a posting
From the above dates, I would like to have a try to give my understanding on them.
Let say I have acquire an asset through a PO -> GR -> IR on 15 Oct 2007.
If I set the Cap Date as on 01 Nov 2007, and Asset Value date as on 01 Dec 2007, does this mean that ...
Question 1:
My Asset depreciation will starts on Dec, with 2 months depreciation, which is Nov and Dec (because my Asset Cap Date is on 01 Nov 2007)?
Question 2:
What if I want to change the Asset acquisition date to, say 01 Nov 2007?
I tried AB08 to reverse the asset, and change the GR posting date (through MIGO), and these date affect asset value date only.
I tried also to reverse the IR (using MR8M) and re-post the IR using Miro, with different Invoice and Posting date, these date only affect the FI documents.
I tried AS02, and I can only change Cap date, and NOT the acquisition date.
Please help on this, and clarify the usage / importance of the acquisition date.
As per AS03 (wrong first acquisition date)
Andreas Mann said that crucial is the "asset value date" (field BZDAT)it should be 31.05.2007, than first acquisition date is not important

Capitalization Date= Date on which the asset will be capitalized
Acqusition Date= Date on which first transaction is done on the asset after creation. It cannot be changed once a value is posted to the asset
Asset Value Date is important to determine the Depreciation
Asset value Date determines the postings to the asset. You can set the configuration for default asset value date. It is the date with which user wants to post to the asset, i.e it can be Document Date, Posting Date, Capitalization Date, Goods Receipt date. Check the list in
Asset Accounting> Transactions> Specify How Default Asset Value Date is Determined
Ordinary Depreciation Start Date Date on which the system starts calculates and posts depreciation
Ordinary Depreciation Start Date can be determined by the system through Priod controls defined or entered manually by the user. If entered manually it surpass the system calculated date.

Asset acquisition - mid quarter convention - USA

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