Impairment of assets(product licence)

Hi,
I have a product licence called xyz with a net book value of rs10,000 on the Market Cost Register . I want to fully impair i.e. write down this asset so that the net book value is zero. Just to clarify I want the asset still listed on the register but with a net book value of zero. In order to enable me to do this I need to know:
Please let me know how to do this?
Thanks & Regards,
Prasad

this issue got resolved by changing the depreciation key in the asset master ...
whenever they can execute the next depreciation run, value becomes zero and is asset will display in the relevant report with zero value.

Similar Messages

Process for Impairment of asset

Hi,
Please expalin me the process for impairment of asset. my client want to perform impairment process for one of the assets.
Thanks&Regards,
Bhaskar Suruvu

Hi,
In some countries, it is legally required that companies calculate depreciation after asset impairment. To do this, you have to use specific depreciation rates and base values that are contained in a special formula. The localization of the New Depreciation Engine for these countries implements this formula and enables you to calculate asset depreciation after impairment postings have been made, in accordance with the requirements. The following depreciation keys are delivered for this purpose:
Depreciation Key                                                                                Description
IDB                                                         Declining balance method for impairment with 5% scrap value
IDM                                                        Declining balance method for impairment with 0% scrap value
ILI                                                          Straight-line method for impairment with 0% scrap value
ILT                                                         Straight-line method for impairment with 5% scrap value
Features: Each depreciation key calculates depreciation using a specific formula, as follows:
●     Depreciation key IDB
Depreciation = Book value after impairment * Rate
where Rate is calculated as: 1 - (( Remaining Value / Book value after impairment )1/Remining useful life).
Depreciation is calculated in the following years based on the net book value of an asset.
●     Depreciation key IDM
Depreciation in the year of impairment = Book value after impairment * Rate * 10/9
where Rate is calculated as: 1 u2013 0.11/Remining useful life.
Depreciation in the following years = Remaining depreciable value * Rate * 10/9
where Remaining depreciable value is calculated as: book value after impairment * ( 1 u2013 Rate ) past years.
●     Depreciation key ILI
Depreciation = Book value after impairment * 1 / n
where n is remaining useful life.
●     Depreciation key ILT
Depreciation = ( Book value after impairment u2013 remaining value ) * 1 / n
where n is remaining useful life.
Hope this helps.
Rgds
Manish

Product Licence importing via tab delimitted file questions

I am looking at using the import purchase records functionality to import licence data from a CMDB.
Because i have product licencing data in another system, i need to integrate them somehow, and came across the import feature.
it is a business requirement to produce software compliance reports that are accurate on any given day. Now i can get the data out of
the CMDB and into the required tab delimited format
Doing an initial extract and import seems pretty straight forward, basically get all the software products and thier associated allowed installations figure, do reconcilliations.
But over time, when updates are required, how does ZAM handle subsequent imports of the same products. eg. if on the first import
say theres initially 10 licences for ABCSoftware.
next import, 2 licences have been added since the last import giving 12 current licences
and likewise the extract from our CMDB says theres 12 licences for ABCSoftware.
once imported into ZAM, will ZAM report 12 licences or 22 (10 previously and new 12)
how does this work? the documentation does not give this level of detail.
And similar for expired or decommisioned licences, if we've gone from 10 to 5 licences for ABCSoftare, does the import function have any smarts to it?
would it be required to delete previosly imports product licences and start again, having to do rreconcilliatios for every product again?
Hope this make sense. Thanks.

dozenmatta,
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My photoshop application showing the error Your Product licence has expired

My photoshop application showing the error Your Product licence has expired

Without more details, sounds like you need to call Customer Support.

Impairement of Assets in R12 Oracle Assets

Dear All,
May i know Impairment of Assets functionality Exists in R12.1.1 Oracle Assets. I found that functionality in 11.5.10.2.
Can any one Help me.
Thanks

Did you mean to say Downward Revaluation which is the opposite of Upward Revaluation?
Since there is a separate Impairment functionality which is aking to UK Local Authority Accounting and this is different to downward revaluation which is a standard functionality.
Thanks and Regards
Manish

Impairment of assets.

Hi SAP FICO Experts,
Can anybody explain about impairement of assets with configuration steps?
Thanks in advance for the same.
Reg.

hi
impairment of assets means causing damage to assets.
try these links
http://help.sap.com/search/highlightContent.jsp
http://help.sap.com/search/highlightContent.jsp

Permission Set, Asset & Production Filters

How do i make a user only see "Asset" that has association with the Production he/she has access to?
Lets say
Asset A,B,C is associated with Production 1
Asset D,E,F is associated with Production 2
Asset G,H,I is associated with Production 3
and the "user" only has Permissions to "Production 1 & 2" (by Production Filter Title{Any of}) So the user can only see Asset A,B,C,D,E,F and NOT G,H,I
=)

So here's a starting point.
Setup seperate Group Permission and Permission Sets to test this.
Configure the Permission Sets using an approach below:
Setup some common Metadata like Job Number & Client Name
Restrict the users access to certain Productions by filtering for example by Job Number equals "1234" and Client equals "Clientx"
Restrict the users access to certain Assets by filtering for example by Job Number equals "1234" and Client equals "Clientx"
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Asset Production order

Dear Expert,
In our company we make die in house by using raw material and this is we are using as Asset of Company.
How to create Production order for Asset?
Thanks
Pert

It is not possible to capitalize the value of production order to Asset directly unfortunately.
I suggest you value the FG material, receive into inventory as normal. Then use movement type 241 to issue inventory quantity (as well as value) to asset.
For the variance in production order (assuming FG is std.costs). If it is serious for your asset valuation as well, you may want to discuss with CO team about how to do it (i.e., settlement to IO then IO to asset, for example).
Bear in mind that the posting date will be your asset valuation date which is important if your depreciation is in days (some countries use number of days in calculate depreciation).
Hope it helps.

Product Licence key code for CrystalReports11_5_Net_2005.msi

I have installed Crsyatl Report Server XI [OEM Embedded] in our Production Server.
This installation does not have 11.5.3700 assemblies, which is referenced in our Project.
So we decided to install CrystalReports11_5_Net_2005.msi in our production server. This installation asks for product key code. I have provided the key code what we he has for Crsyatl Report Server [OEM Embedded], but this key code is not accepted.
How to obtain these assemblies in our producrion server.
Also I would like to the MSI CrystalReports11_5_Net_2005.msi is Redistributable to our clients.
Regards,
Padmanaban V
Edited by: Padmanaban Viswanathan on Feb 4, 2010 12:34 PM
Edited by: Padmanaban Viswanathan on Feb 4, 2010 12:36 PM

Hi Padmanaban,
Please contact your OEM Account Representative to discuss getting a CR Designer keycode for your distribution package. You may want to check with your Product team first, they may already have one for your use.
Thank you
Don

Asset Intelligence - Licence 14A Microsoft Volume Licensing Reconcilation report - Zero Inventory Count

I have a SCCM 2012 SP1 Installation. I have set the client to report software and hardware inventory every 1 day. I have installed the Asset Intelligence Synchronization Point and sync it with Microsoft. I have enabled all the AIS Reporting Classes
to be reported on.
I have had the clients deployed for several days and I am getting no reporting on the inventory count. Software Metering and other reports are working fine. Could I please have some guidance on how to resolve this? Which logs in particular may resolve me
issue?

Yes, I know this is an old post, but I’m trying to clean them up. Did you solve this problem, if so what was the solution?
Garth Jones | My blogs: Enhansoft and
Old Blog site | Twitter:
@GarthMJ

Asset Impairment

< MODERATOR: Message locked. Please post this message in the [Asset Accounting forum|SAP ERP Financials - Asset Accounting;. >
Hi,
We are planning to do asset impairment for which we created a new Depreciation Area 91 and Asset Impairment Key Z1. When we try to impair assets after assigning the new Depreciation Area 91 and the new Key Z1, the values posted in Depreciation Area 91 is not similar to Book Depreciation Area 01 values. We tried to change the useful life of the asset by giving it a value of the remaining useful life(of the original asset) and by changing the depreciation start date.
We tried to impair the asset using Transaction Code ABIF after assigning the Depreciation Area 91 and Key Z1 in the asset master.
What is the correct process to impair an asset? What should be the depreciation start dates for the impaired asset(both for Book Depreciation Area 01 and Area 91)?
What should be the useful life of the impaired asset? Is it the remaining useful life of the original asset?
Any info. would be highly appreciated.
Thanks.
VS

Thanks for your reply..
But it didn't help me dude... Just i wanna know if anyone got this similar requirement. I am writing my requirement clearly again here..
Impairment: The initial impairment occurs when the asset is still in use, but is being reserved for. We need to bring this into 10K report.
For example, The acquisition value of an asset is 1000, Accumulated Depreciation is 300.
When we impaired this asset the transaction should be
DR. Exp account for $700 ( Acquisition amount Acc.Dep.)
CR. Reserve for Impairment $700
Impairment Disposal: This occurs when we dispose of assets previously impaired as above. We need a transaction other than retirements for this and a separate designation on the 10K report.
When we disposed the transaction should be
CR. Cost $1000
DR. Original Dep. $300
Dr. Reserve for impairment $700
I tried by defining some Z transaction types. But it didn't solve my issue. Can anyone please help me on this.
Thanks,
Satya

Impairment of Fixed Assets

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
Shayam

In 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.

How can I create a tree tab for a flex asset definition ?

I have several tabs in my content tree and I want to show specific tabs to users with specific roles.
The problem is, for instance, the asset product has the subtype cellphone and the subtype tablets and I want to create a tab to show just cellphones to a users with role A and I want to create a tab to show just tablets to a users with role B.

Hello,
I don't think its just possible with UI, you will have to build a custom tree tab and add your own logic. Example is provided for proxy asset in guide, modify according to your requirement - http://docs.oracle.com/cd/E29542_01/doc.1111/e29634/proxy_assets.htm#WBCSD6369
Added:
Or you can use the same logic to add in your custom element as present in - OpenMarket/Gator/UIFramework/LoadOrphanNodes and OpenMarket/Gator/UIFramework/LoadOrphanChildrenNodes.
In LoadOrphanChildrenNodes, there is this line - <ASSET.GETSUBTYPE TYPE="Variables.AssetType" OBJECTID="PList.assetid" OUTPUT="stype" />
After this line you can add a check, if subtype = "SubtypeA", then proceed else not. Similarly, another element for the SubtypeB where you will have subtypeB check.
After your custom element are ready, you can create tree tab with correct element selected and add the correct role.
Regards,
Guddu

Assets Revaluation

Hello,
I need some help, please!
I have to do this kind of revaluation:
E.g.: aquisition value = 50000; useful life = 10 years
        depreciation per year = 5000
After 2 years: the revaluated value = 64000;
                    the accumulated depreciation = 10000
                    the book value = 50000 - 10000 = 40000
It means that we have an increase in asset value = 64000 - 40000 = 24000
Now I have to do the posting:
            24000      asset value = reserves from revaluation 24000
but I want to keep historically the aquisition value(50000) and the revaluation(24000).
The remaining life is 8 years and the new depreciation is 64000/ 8 = 8000
After 1 year: the new revaluated value of this asset = 30000
                    the accum. deprec. = 8000
                    the book value = 64000 - 8000 = 56000
It means that we have a depreciation = 56000 - 30000 = 26000
So, I have to post:
     ______________________________ =   asset value 26000
     24000   reserves from revaluation
       2000   expensive from depreciation
                     / impairment of assets
I want to keep also the aquis. value and all revaluation values.
Well, can somebody tell me what should be the solution? (I need different revaluation area, etc)
Thanks!

Hi,
I don't know your set up.
In this situation I will use 3 depreciation area.
01 Normal creating postings
10 Values from 01 and the revaluation Statistical one
20 Area 10 - 01 creating postings for the differences between 01 and 10.
Don' forget to allow negative values for area 20 (and perhaps 10)
Paul

Asset value transfer day

In my asset module, some one change the asset cut over day to be 2010.9.28 and complete AS91, in that case, how to find the list of those legacy assets transfered at cut over day, any table or T-code to check? if asset is transfered at 2010.9.28, in Sept 2010, do we do AFAB in new system or old system? in Oct 2010, do we do AFAB in new system or old system?
My system is strange, last depreciation month for book depreciation is 2006.4, inconsistent with asset cut over day (2010.9.28),
what's the reason of this design? I create asset using AS91 under cutover day 2011.9. it shows from Jan .2011---Aug. 2011 plan depreciation for that asset, and plan depreciation for Oct 2011 onwards is inconsistent with old original asset.
if I change last depreciation period to be 2011.9 under SPRO asset production set up , it shows correct plan depreciation, does it mean we need to change last depreciation period to be same as cutover day? is it necessary?

Hi,
Below are my comments.
1) for listing of legacy fixed asset transfer, a short description for e.g. "FA xfer 2010", usually entered into the text / assignment / reference field which could be used for future reference. If such information is not available, the next option will be to use table 'BKPF' > filtered by 'Co. code', 'Transaction code = AS91', 'Posting date from 01.09.2010 to 30.09.2010' and etc.
2) If the asset transfer cutover date is 28 Sept 2010 and last depreciation period set to Sept 2010 (the depreciation for period 09/2010, i.e. within cutover period, should have already been carried out in the legacy system). After the legacy assets have been transferred into the new system, then the depreciation of assets from period 10/2010 onwards will be done in the new system.
3)For the last period depreciation, 2006.4 setting is indeed strange for cutover date (2010.9.28), but SAP allows this setting to be changed accordingly.
4) As for cutover and last depreciation period, the recommendation is to have the same periods but it is not a must, you can have cutover date on 28.09.2011 and last depreciation period on 08/2011 then you only have maximum three days to finalise asset transfer including depreciation run for period 09 in the new systems. If the last depriciation is 09/2011 then you have more time to finalise asset transfer and depreciation run for period 10 in Oct 2011.
Hope the above helps.
Kind regards,
John Chin

Impairment of assets(product licence)

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