Asset change to inventory

Hi all,
For some of the assets in our company, the auditor suggested us to change it as inventory. it should not in assets.
what is the procedure to follow? shall i retire the asset and take it as inventory or any way to solve this?
Kindly give the procedure.. its very urgent.
Raghav

is there any option to give the a/c entry like this:
Inventory a/c Dr - 1000000
asset a/c Cr - 1000000
because the assets should belongs to the inventories. which t.code we have to change this?

Similar Messages

CO Assingment to Change in Inventory A/c

User is trying to transfer finished goods from one plant to another plant and the system is giving message that "Change in inventory a/c requires a CO assignment.."
I want to know what is the accounting entry generated at the time of stock transfer from one plant to another plant ? (Whether 'change in inventory a/c' is updated ?)

Thanks for providing the link.
However, I find in the reply to the above link that no 'Change in inventory a/c' is mentioned in the accounting entry. The accounting entries as provided in the link is as follows:
At the supplying plant
Stock Account Credited BSX
Cost of Goods sold Acc Debited GBB - VAY
At Receiving plant
Stock Account Debited BSX
GR/IR Clearing Acc Credited WRX

Consumption and Change in Inventory

Hello All,
We have some Consumption Accounts seperate for (ROH, FERT and HALB) and Also Some Change in Inventory Accounts seperate for (FERT, HALB and ROH) they are now P&L Accounts as well as Cost Elements.
Management now decides that they need to be in the Balacne Sheet since they are not reflecting the real Profit or Loss Based on the balances commin from them.
I know if Create new GL's in balance sheet and Change the Assignment in OBYC for these new balance sheet will this be ok or will it effect my production order costing since the old GL's (Cost Elements are Part of my OKTZ) and if i now use this BS accounts they cannot be created as Cost Elements.
The issue between us and the management is that when we see these intermediate accounts (Change in Inventory and Consumption accounts when grouped together it is not giving us the ZERO Balance )
Can any one help me out in this regards
Thanks in Advance
Best Regards,
Ravi

Thanks Ajay for your immediate reply
can you please tell me how to explain the management how they should have the change in inventory as a P&L Accounts and not in Balance Sheet
Best Regards,
Ravi
Edited by: Ravi Eddhula Reddy Kumar on Jun 13, 2011 4:56 PM

COGS and Change in Inventory Reporting

Dear All,
Client want to Cross Verify the Cost of Goods Sold (COGS) during the Month with change in inventory during the month in the system, how can we do that.
Example
In F.01
If we enter 1 to 5 period in Reporting periods
And we enter 1 to 4 period in Comparison periods
We will get the difference between the 4 and 5th period in difference column
So the material GL account will show the difference in difference column that will be equal to change in inventory during the month.
Now they want to cross verify this amount with COGS.
Regards,
Shayam

Hi,
for example there is a country version report of turkey as belwo shown (trx. FTRUE or under FSI6)
I think you need a smiilar one for your clients reqeust..
BR Tarik
Form                   0TR-UE-01     Sales Costs TR
                                         Fiscal Year          Fiscal Year          .........
Cost of Sales Table
Production Costs
A.Direct Materials Costs                         XXX.XXX.XXX          XXX.XXX.XXX
B.Direct Labor Costs                             XXX.XXX.XXX          XXX.XXX.XXX
C.Production Overhead                            XXX.XXX.XXX          XXX.XXX.XXX
D.Change in Inventory: Semifin. Products         XXX.XXX.XXX          XXX.XXX.XXX
1-Inventory at Start of Period               XXX.XXX.XXX          XXX.XXX.XXX
2-Inventory at End of Period                 XXX.XXX.XXX          XXX.XXX.XXX
Finished Product Costs                          XXX.XXX.XXX          XXX.XXX.XXX
E.Change in Inventory: Finished Products         XXX.XXX.XXX          XXX.XXX.XXX
1-Inventory at Start of Period               XXX.XXX.XXX          XXX.XXX.XXX
2-Inventory at End of Period                 XXX.XXX.XXX          XXX.XXX.XXX
3-Internal Consumption                       XXX.XXX.XXX          XXX.XXX.XXX
I- Cost of Products Sold                         XXX.XXX.XXX          XXX.XXX.XXX
A-Stock on Hand at Start of Period            XXX.XXX.XXX          XXX.XXX.XXX
B-Purchases for the Period                    XXX.XXX.XXX          XXX.XXX.XXX
C-Stock on Hand at End of Period              XXX.XXX.XXX          XXX.XXX.XXX
II-Cost of Trading Goods Sold                    XXX.XXX.XXX          XXX.XXX.XXX
II-Service Costs                                 XXX.XXX.XXX          XXX.XXX.XXX
Cost of Sales                                    XXX.XXX.XXX          XXX.XXX.XXX

How to Add a field in Asset 'Change Document'

Asset Change documents displays only room number & room type in old & new fields. I would like to add fields like BUILDING NAME, ROOM NUMBER, ROOM TYPE & LOCATION STATUS CHANGES.
Thanks,
Kiran
Edited by: kiran dasari on May 26, 2010 12:47 AM
Edited by: kiran dasari on May 26, 2010 10:49 PM

Please follow these steps :
1. Use the user exit AIST0002 and add coding in :
EXIT_SAPLAIST_002 and EXIT_SAPLAIST_003
2. Add new fields in CI_ANLU structure
3. Develop subscreen in function group XAIS
4. Determine the Layout. Open t-code : AOLK then select Asset Class which you want to implement then click on folder 'General Assignment of layout'. Note the tab layout but the tab layout default is 'SAP'.
5. Open t-code : AOLA. Copy the tab layout 'SAP' to create another layout ex : 'YSUB'. Then Add a new entry and double-click on the folder 'Tab Page Titles'. You want to put your custom fields in the tab page u201CGeneralu201D. So, select this tab page entry and double-click on the folder "Position of Groups". Here, all the field groups currently residing in the tab-page u201CGeneralu201D are shown. Add an entry for your newly created fields. Select the group box from the list. An entry will come with u201CUu201D padded with the custom subscreen prepared by you. Then, save and come out.
6. Assign the new layout to Asset Class..Open t-code : AOLK again.
7. Open t-code : AS01/AS02/AS03 again.

Opatch problem , change Central Inventory

Hi guys,
i've try to use opatch utilities with oracle db user but when i launch it shows me this err:
OPatch failed to locate Central Inventory.
Possible causes are:
The Central Inventory is corrupted
The oraInst.loc file specified is not valid.
LsInventorySession failed: OracleHomeInventory::createInventoryObj() gets a null OiicStandardInventorySession object
I've find that Central Inventory is wrong, because it's set to Grid Agent Home, look follows:
Central Inventory : /home/oraagent/oraInventory
so, someone can says me how i can change Central Inventory for correct this problem?
thanks very much
Andrea

Are you trying to install a patch?
The central inventory location is where oraInst.loc points. oraInst.loc resides in /var/opt/oracle (in Solaris actually, look at the documentation for your platform). So, if you have a central inventory you can point the file to it.

Asset and Serial Inventory

Hello,
Where does the ZCM10 Inventory Asset Tag and Serial Number fields come from
? (The SMBIOS ? Which fields ? )
We purchase generic INTEL PC's from a local pc vendor (not a dell, or ibm).
Currently the only asset/serial information is attached adhesivly to the
PC's.
I'm looking at a process to modify the SMBIOS via Intel's Integrator
Toolkit, I have the option to set the following SMBIOS values:
System Serial Number
System Version
Chassis Asset Tag
Chassis Serial Number
Using a third party SMBIOS browser I've verified the values are being set
and changing. Unfortunatly ZCM 10 does not update the "Asset Tag" or the
"Serial Number" (Even when I click scan now). Where are these values
(Currenly blank) being pulled from on the PC?
Thanks,
-Paul

Hello,
After a bit of research It looks like ZCM is looking for the asset/serial as
part of the BIOS/DMI.
I have the SMBIOS populated with the information that I would like to
inventory.
Is is possible to redirect the asset/serial scanning on the adaptive agent
to the SMBIOS?
Is is possible to add a new field which is autofilled via WMI (SMBIOS) ?
Thanks,
-Paul
Paul Kimberley wrote:
> Hello,
>
> Where does the ZCM10 Inventory Asset Tag and Serial Number fields come
> from ? (The SMBIOS ? Which fields ? )
>
> We purchase generic INTEL PC's from a local pc vendor (not a dell, or
> ibm). Currently the only asset/serial information is attached adhesivly to
> the PC's.
>
> I'm looking at a process to modify the SMBIOS via Intel's Integrator
> Toolkit, I have the option to set the following SMBIOS values:
> System Serial Number
> System Version
> Chassis Asset Tag
> Chassis Serial Number
>
> Using a third party SMBIOS browser I've verified the values are being set
> and changing. Unfortunatly ZCM 10 does not update the "Asset Tag" or the
> "Serial Number" (Even when I click scan now). Where are these values
> (Currenly blank) being pulled from on the PC?
>
> Thanks,
> -Paul

Standard Asset report - INVNR (Inventory field) requirred

Hi Guys
Is it possible to get inventory field (INVNR) in standard asset reports. I dont want to use dynamic selection in any standard report.
That means in a standard asset report i need one more column for inventory name for every assets
Warm Regards
Bala

Bala,
Yes, it is very much possible. Create a new sort version in OAVI and select the filed INVNR from the talbe ANLAV.Using this version while you execute the report and call in this field from the change layout.
Thanks
Jagdish

Asset accounting and Inventory management.

Hi gurus, I need your advice.
We want to control our inventory and our fixed assets in order to be able to match the amounts between both modules. The main difficulty is that not all the items we register into the inventory module generate a fixed asset (we have sixty thousand inventory items and seven thousand fixed assets).
The way I have thought to solve it is the next: currently we have and asset class per Fixed Asset GL Account. I want to create two asset classes per GL Account, one for the fixed assets that are into the Inventory Module and other for the Fixed Assets that aren´t in the Inventory Module.
Do you think it is ok or do you have a better/easier solution??
Many thanks in advance.
BR//Alberto.

Since you mention there is an inventory module, and there is a fixed assets module - consider that the two are very different.
Inventory is merchandise for sale. When its costs are recognized, those costs are recorded as costs of sale or costs of goods sold. Inventory can be purchased or it can be constructed, but when we sell the items to customers we recognize both the revenue and the costs at the same time. The gross margin is the net gross profit or loss. Inventory has no depreciation.
Fixed assets are capital assets used by the organization to do the things the firm is in the business of doing. The tools used to build/construct inventory are capital assets (used in more than one year). Fixed assets will not be sold as a main purpose of the organization. Only inventory is sold as a main purpose of the organization to earn a profit. Since fixed assets benefit the organization for more than one year, we spread the costs over all those years in which revenue is generated by the fixed asset use. This is the matching principle to recognize costs when the revenue is recognized. To achieve this, we use the AFAR and AFAB depreciation process to spread that APC value across all periods that will benefit from the "tools."
I think you are already using MM for your inventory module. There can be different classes of inventory just as there can be different classes of fixed assets in SAP. Each class has its own reconciling account. Each is its own subsidiary ledger/listing of items that sum to the balance in the reconciling account. Subledger transactions will automatically update the reconciling account balances for the class - whether we are talking fixed assets or inventory.
I hope this can help, since it sounded like the terminology was confusing. Neither SAP or accounting is simple. Regards

Assets management and inventory Management.

This may be simple situation often encountered in industries. The need is to manage an item as an asset as well as manage inventory functions of purchasing, receiving, physical inventory and issue of these assets to customers as inventory materials. The materials are also needed to accounted for depreciation functions.
Can experts throw some light on the kind of best practice process flows that we could often consider.
Thanks in advance for contributors.

Good questions: I think I need to explain the full scenario.
This is for a health care industry. The intention is to purchase the materials as assets and these come from different vendors, but often, it could be the same material. The current thinking is as follows:
1. Forecast the reqiuirement of the materials according the different sizes. For example : small, medium and large. Each of these sizes could come from different vendors with different model numbers, but are groupd under the sizes.
2. Based on the forecast probably using APO, the materials are purchased in ERP for these sizes. But we still need to carry the vendor model number as part of the attributes of the materisl. Here there seems to be three options.
- One is to use Material classification and use capture the model number of the vendor.
- second is to utilise the Form Fit Function functionality of SAP IS for A&D.
- Third potential option might be to use Batch management and capture manufacturer number in batch characteristic.
Once the materials are purchases these are settled to assets and then there is a need to manage their inventory as the requirement is to utilise Logistic execution functionality including sales, delivery and goods issue functionality. In addition the materials also need to be transferred between different SAP plant locations.
There is also a challenge to manage the requirement as more often, the need is for just the size. but sometime there is a requirement for a specific model within a particular size.
I am not too sure whether there is an absolute need to manage seralisation for individual material numbers, but from asset management perspective, is there a need> Pl clarify
Any comments / suggestions on the above is very welcome.
Appreciate your time and thinking and value contribution.
Venkatesh

Asset Change - AS02

Hi,
When I am trying to change the Main Asset Master Record, when I am assigning a Cost Center in Time dependent tab, the changes are not effected, it is giving a message "Update Terminated contact your system administrator",
Update was terminated
System ID....   PSS
Client.......   800
User.....   SRINIVEL
Transaction..   AS02
Update key...   5992A6322B55493484CC68D6CD66F79F
Generated....   03.01.2007, 10:56:23
Completed....   03.01.2007, 10:56:23
Error info...   AA 051: SYST:ANLZ not updated (Contact your System Specialist)
can you please help me in this regard.
Thanks,

Hi,
Please refer to following SAP notes
a. Note 856011 - BAPI_FIXEDASSET_CHANGE: Update termination with error AA 051
b. Note 572660 - Update termination AA051 SYST:ANLZ not updated
c. Note 559523 - Update termination when changing several fixed assets
The above notes may help.
Rgds.

Asset change

hi all,
Can we change the Cost center of an Asset, if there are any posting on that particular asset ?
if yes, plesase let me know the settings to change it?
ranjit

hi once again,
I cannot change the Cost Center of the Particular Asset...
I see that the Cost center field has been disabled....
Also let me know that if any posting are there for that particular Asset of that Cost center.... can i change it?
Please let me know the procedure...
ranjit

Fixed Assets: Changing Category, Depreciation, life

hi
i have an requirement where we need to change asset category, depreciation method, no depreciation and life(1 month). And want to make total depreciation to zero.
Ex:
Asset#A1 already depreciated some amount.
Original category X and degault rules are set to Depreciable.
Defined to new category Y and associate default rules to all CORP and TAX books to not depreciate.
Changed from category X to Y
Now after reclassification, it is depreciating entire amount of the asset and posting to current open period. As the reclassification does not default the new category depreciation flag, it is depreciating entire fixed asset cost immediately. I didn't run depreciation.
Now how do i change YTD depreciation to zero?
Thanks in advance for all your suggestions.....
Need it immediately.....

Hmm, did you not test this out in a test environment first before doing this in production? Can you be specific on the choices that you made when you changed this asset? Maybe you chose to expense the adjustment in the current period rather than to amortize? Because you originally had it in a depreciable status, then changing it to new financial information, looks like it is choosing to expense the remaining asset cost immediately (which is why you are getting depreciation without having run depreciation). You may need to contact Oracle support at this point to find out how to best recover from this. Though if just one asset, you can just do a journal entry to reverse the depreciation. Then you would want to contact support to find out what is the best way in the future to make this kind of change. The documentation unfortunately does not address the kind of change you were making here. Doe show that it is important to get the depreciation setup correct before activating an asset.
John Dickey

Changing of Inventory Valuation: Standard to Moving Average Price

I work at a service-based company and have also been asked to research the impact involved with switching our inventory from standard price to moving average price.
Scenario: Change material type TRAD (trading goods) from standard price to MAP.
Process: Change settings in SPRO at the level of u201CDefine Attributes of Material Typesu201D. Currently, this is set for u201CStandard priceu201D with the indicator u201CPrice ctrl mandatoryu201D set. Upon change to u201CMoving average price/periodic unit priceu201D, Iu2019m thinking I need to de-activate the u201CPrice ctrl mandatoryu201D field so any current materials with an u201CSu201D in the Price control field on the Material Master Accounting 1 tab can be changed to u201CVu201D. Is this correct? Also, is there a program that already exists to mass update the Price control field on the Material Master? If not, I was looking to create a CATT for this changeu2026.any other ideas? In some of the forum posts it was mentioned to use t-code MR21 however, even with the u201CPrice ctrl mandatoryu201D field de-activated, the Price control column is grayed out.
It was mentioned in a previous post that all open documents (PO to IR) need to be completed before changing the price control setting, at what point does this stop the process? Does SAP generate a system error message?
Also, any suggestions as to when this price switch is best to take place like after inventory?
Are the above mentioned areas the only areas I should be concerned about or am I missing some areas that should be addressed?
P.S. We do not use have our ML (material ledger) activated or use split valuation.
Thanks~
Dawn

Hi,
If you want to change material from standard to moving average price, Follow the below process
1)first the material quantity and value should be zero
2)if you want to keep value and quantity and want to change price control in future you have to create new material with price control "V' and lock the previous material for posting.
Regards,
Sreekanth

How to change the inventory structure

I am now running Oracle 11.0.3, 15 users, AP,AR,GL,INV,OE and PO
on MS NT platform. The existing inventory item is using 10
segments and 20 characters which is very difficult for data
entry. Thus I would like to change it to 1 segment and 10
characters. I want to keep all transactions (all data) in AR,AP
& GL and I would give up (purge way) all data in OE, PO and INV
after restructuring as it has different structure on item master.
One way is to create a new instance/database, re-configure the
AR, AP & GL setting and convert all data from AR,AP & GL, then
configure the new item master structure and re-enter about 500
items. This will take too much time (20-30 mandays).
The other way is after the month-end closing, disable all 10
segments, purge way all transactions in INV, OE & PO. Then
create a new segment with 10 characters and re-compile it. I
would prefer this method as it has minimum effort.
My question is whether the 2nd method is feasible or not? Will
there be any problem in using this method?

You don't really need to convert the value to a string? The problem is that the value of the individual ring items are not 0 and 1, as you assumed. The values generated by the controls are:
DC Voltage: 1006
DC Current: 1007.
You can find this out by viewing the properties for the "Output Function" and going to the "Edit Items" tab.
So, all you need to do is change the 0 to 1006 and the 1 to 1007 for your case items.
By the way, your sequence frame serves no purpose.

Asset change to inventory

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