Do we have solutions in SAP ERP addressing IFRIC 1?

IFRIC 1 address the rules for decomissioning, restoration and similar liabilities. I was questioned quite a few times by our APJ customers whether SAP ERP Financial could address this requirement. Do we have a definite answer for this and what details in our solutions could address this requirement? Thank you very much!

Hi,
ECC 6 can adequatly address this requirement.
All you need to do this is develop scenarios and for each scenarios you should come with a solution.
In generic terms,Decomissioning, restoration and similar liabilities are the values that need to be added or subtracted from the Related assets.Here the liabilities should be discounted using risk adjusted rates;then reduce this amount from the Asset value.
The solution:
1] discount the liabilty.This is done outside SAP.
2] Reduce this from the Asset value.Done in SAP.
3] If you have already made a provision in the Balalnce sheet,then this should be transferred to the related asset.This is done in SAP.
4] Appropriately adjust the depreciation.Done in SAP.
Hope this helps.
Regards
Ramesh

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Edited by: Arijeet Ganguly on Sep 15, 2009 11:49 PM

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>
Charles Yu wrote:
> Q1: Oracle RAC with 9.2.x on HP-UX?
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> Charles
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>
Charles Yu wrote:
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> Charles
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Do we have solutions in SAP ERP addressing IFRIC 1?

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