Implementing Fixed Assets

Hi Friends,
My company is planning to have a add-on fixed assets to FI/CO, can you please tell me what would be the requirement for this. Like what we need to do this. We have our Fixed Assets data in excel sheets.
Pls guide me,
Line

Hi Line,
I can't give you all prerequisite because I can't
But one thing : For the Asset transfer, there is an easy and useful BAPI :
BAPI_FIXEDASSET_OVRTAKE_CREATE
( = txn AS91)
Hope this helps,
Erwan

Similar Messages

Oracle Fixed Assets using Oracle GL

Hello Colleagues, We have a project that we are busy with, moving from another Fixed Assets program to Oracle Fixed Assets. We also have a GL program that we use. My question is, why do I need Oracle GL for Oracle Fixed Assets if I am going to post from Oracle FA to my other GL program?
Thanks in advance for any advice.

Hi,
it is purely becoz of the design of the Oracle ERP, there is interdependacy on every Module ....
GL is the foremost module that needs to be implemented for configuring any of the subledger applications ......To Implement fixed assets, one needs to have the Chart of Accounts details which can be obtained by creating a Ledger in the General Ledger Module.... Once done, Fixed Asset module can be configured, transactions can be recorded and accounting of transactions could be done in assets module ..... Transfer can be done by your external GL program by performing a customization ......
Regards,
Ivruksha

Add_on Fixed Assets

Hello, when acquiring a new asset, using the menu item on Procurement (Finance -> Fixed Assets -> Procurement), if the purchase of the property is not the first day of the year a negative amortization and therefore the net book value of good records it incorrectly. Please someone knows how to acquire an asset to avoid this error.
Thanks.
Carlos Luis Zea

Hello Carlos Luis Zea,
You may check this thread first:
Re: How to Implement Fix Asset ?
Thanks,
Gordon

Fixed Asset: market value

Hi All!
Due to IAS we must post an special provision:
when the inmaterial fixed asset value market is minor than fixed asset net value we have to post a provision by depreciation (in order to reflect the possible loss when we sale it)
This provision does not affect the fixed asset countable net value. So that provision don't have post in 01 depreciation area. But:
1- when we sell the assets the provision must appear in the sale affecting to the benefit or loss.
2- I need to know the provision for each fixed assets. That's why we need SAP shows its in FI-AA area.
With the transactions under Manual Value Correction folder (fixed asset menu) the fixed asset net value is modified.
We've tried to implement a second area doesnt affect to fixed
asset values from the 01 depreciation area and vice verse to post there this provision. But The system doesnt allow that (message error number AC528)
Do have more ideas?
Thank You in advance

Hi Vijay, thank you for your answer but...
It seems that Transferred Reserves is used to sell a fixed asset and transfer the benefit to other asset (If I've undertood right)
I put an exemple to fix the question:
I adquiered a fixed asset by 1.000 euros (a building) in 2005
- Deprecation key: LIND (Str.-line) / Use Life: 10 years
In 2007 my building on second hand house market is valuated in 500 euros (minor than fixed asset countable net value 800 euros).
So I must post a provision by depreciation by 300 euros. That post does'nt affect to fixed asset countable net value (is just a provision). My fixed asset countable net value is 800 euros.
In 2010 I sold my asset by 1.000 euros. My fixed asset countable net value is 500 euros. So my profit is 500 euros. Then I must to reverse the provision post in 2007 .
I need to post that provision related to fixed asset but without affect to asset net value, to reverse that in the asset sale.
Thank You very much
Francesc

Posting of accounting entry related to Fixed assets

Dear All,
I have an issue as below:
We have implemented ECC 5.00 in oct,06. As part of implementation, asset management also has been implemented.
We have uploaded the asset values properly. At the same time we have posted an accouting entry through OASV to update the GL account balance.
It was observed that Fixed account and accumlated depreciation account has been posted with higher amount.
Value of the assets as per register 100,000
Less Accumulated dep.,                   10,000
Net value as per asset register          90,000
At the same time GL account balance has been posted as below
GL Account(cost of asset) :150,000
Less accumulated dep a/c     60,000
Net value as per B/s              90,000
When we compare asset register and GL balance, we could not find any difference as both are showing 90,000 only.
But when we compare cost of asset account(as per b/s) with value of the asset as per asset register we can found difference amount of 50,000.(150000-100000)
Same situation for Accumulated depreciation also. 50,000 has been posted excessivly.(60000-10000)
Now can some one tell me how to adjust the difference between asset register and b/s.
Is there any way we can get the individual balance sheet accounts to mirror the fixed asset register.
Can i post any adjustment entry through OASV as below
Accumulated dep account dr 50,000
cost of asset a/c                  50,000
Is it suggestble to post an account entry in 2006 as above.
Also let me know is there any side effects?
Thanks in advance
Regards,
Prasad

You can post this entry. This makes your recon perfect. However, it may not be advisable to post in 2006. Please find out from your finance users and try to post in the beginning of 2008, since 2007 must also be closed by now

Transfer of a fixed asset to a WBS

Hello Everybody ,
I need your help.
A new scenario has come over here and i am not getting how to implement it in
SAP .
Scenario is :
1. We have a fixed asset at cost center .
2. Now the asset is need to be replaced .
3. We settled new asset at that cost center .
4. Old asset needs to be used in a project.
Problem is :
Client is required that old asset that was replaced, should be transferred to a new project or WBS where the asset final cost
(including depreciation) should consume the budget from the WBS .
Example:
Asset cost along with depreciation is say Rs 50000.
We transferred an Asset to a new WBS where budget is defined 80000.
So as asset gets transferred , remaining WBS budget value should be 80000 - 50000 = 30000 means old asset value should get expensed by WBS .
Then later on we can settle the asset along with the AUC of WBS.
Conclusion:
We need to transfer an fixed asset that is not in anymore used in that defined cost center and need to be replaced and after replacement it should get transferred to a WBS where WBS budget value would be reduced equal to asset value along with depreciation and later on we could transfer it to a cost center where asset is required.
Thanks,
Jagjeet Sandhu

Hi Sunil.
Thanks for your valuable response .
But issue is bit different
Scenario is :
We dont have to make asset as an scrap.
Ex:
We have to take the same asset to another WBS without making scrap and the current asset value should be expensed from the defined WBS budget .
How the asset at cost centre would be transferred to WBS and should be capitalised again at new WBS .
Kindly share the procedure .
Thanks & Regards

Assets (Investment profile): Transfer value from AuC to Fixed asset

Good afternoon all,
We have implemented Assets across investments profile. The settlement of investment is u201CSummary settlementu201D and we do not have u201CList of Originsu201D.
We have created a project and then a WBS that automatically creates the AuC (asset under construction). Transaction code CJ20N.
Then we have created the purchase order (ME21N) and afterwards we have carried out an entry sheet (ML81N) where we have informed the WBS previously created.
Through CJ88 we have done the settlement of the WBS and we have checked it.
Now we have created the fixed asset and we would like to transfer the value of the AuC to the fixed asset. I am not able and I am a bit lost. I do not how to perform it.
Any idea?
Many thanks and regards in advance. Daniel

Hi Renfe,
If the asset is an asset under construction belonging to an investment measure, then the transaction code KO88 needs to be used.
Warm regards,
Murukan Arunachalam

How to clear all fixed assets in SAP Business One

Client wants to clear all fixed assets and create new ones. What is the best way to do it.
Thanks.

Hi,
My assumption is that your customer is using 9.0, is it?
I assume that the reason is because there was a mistake during the implementation, meaning that assets created using the application or using import fixed assets master data from excel are not what the user wanted.
The existing rule is that only assets in status 'new' can be removed, and this is a consistency requirement, both technical and from accountancy point of view.
So if the asset is not in status 'new' , it cannot be removed.
What you can do is cancel all transactions generated for the asset, acquisitions, retirements, etc, starting from the last, transaction, until you cancel the first.
Then you execute again depreciation run, to ensure any automatic posted depreciation is reverted.
This way the asset will remain in the system, but with no value. And you can eneter the new assets that will substitute them.
Jose

Integration with EBS HR & Fixed Asset module

Let me know the integration possibilities between:
a) Oracle's EBS's HRMS module and Workforce Planning
b) Oracle's EBS's Fixed Assets module and Workforce Capex Planning
c) Oracle's EBS's AP module and Financial Planning

I am assuming you are implementing Hyperion Workforce/Capex out of the box, right?
In either case (out of the box/custom)... you have (at least) options.
1) Export a flat file from the EBS HRMS/Fixed Asset system and load via FDM.
2) Have FDM connect (via an FDM script) to the EBS HRMS/Fixed Asset database system and pull the correct data needed. This option is assuming you know the HRMS/Fixed Asset database table structure.
I know this is a FDM forum but another option is Oracle Data Integrator (ODI).

Multiple depreceation areas in Fixed asset module

Hi All
My customer wishes to implement the fixed asset module and is currently running three separate books in his asset register.
Each asset has a separate net book value for each book (i.e. depreciation area) since they are depreciated at different rates.
Now i need to upload all the fixed assets but need to upload the three different net book values per asset based on the depreciation area selected - but cant seem to find a way to do this.
If i create a new asset and then depreciate it, SAP shows the different net book values - so the system obviously supports the process. But how can i put in the assets?
Any assistance would be appreciated.
Thanks
Wendy

Hi,
Good Morning,
We are using Oracle R 12 Version 12.1.3
and the issue i m facing Corporate Book as we have not yet started Tax Book
The Addition posted period is closed, but I want to change life in Open Period Mar 12 ( latest open period).
Yes Depreciation Run for March 12.
Please help
Regards
Anant Danve
9820077180

How to get historical currency rate for second group currency transactions in Fixed Assets

Hello,
My client had MXN (Mexico Currency) as a legal currency and when the company code was implemented (went live) group currency was not implemented. After 3 years this company code implemented second local currency as USD and is now a USD functional Company. When Fixed assets movements such as depreciation, retirement etc are posted; the postings in local currency is fine but postings in group currency is not fine the reason is the exchange rate for group currency must be 'historical rate" but instead of that the entries are being posted in "current rate". To rectify this issue we need to set the exchange rate as the historical rate. Now my question is where/how can I get the historical rate (rate when asset was acquired/purchased). When the assets were acquired the amount was in MXN and there was no maintenance of USD exchange rate as there was no second local currency so then how can I get the historical exchange rate for USD. Most of the assets were acquired/purchased before 5-10 years then how can I find the USD exchange rate for those periods.
Thanks,
Rinki

It is necessary yo have a different rate type for average. The month-end rate type cannot be used.
The M-rate type is typically the month-end rate.

Parallel ledgers and currencies in Fixed Assets

Hi all,
I have a difficult scenario in Fixed asset related to parallel ledgers and parallel currencies. This is the one.
We have
Area 01-1- Loc Cur-L1
Area 06-0- Grp Cur (takes values from 01)
Area 30-3-Loc Cur-L2
Area 31-0-Grp Cur (takes values from 30)
Area 33-6- L1 This area is derived from 30-01
The issue here is that when I post for example a retirement. First with ABAVN values from area 01 are posted to every ledger. If I check the posted document and I have the values of area 01 in local currency column and the values in area 06 and in group currency column. But, when I run ASKBN to post area 33 which is the difference between 30 and 01, the local currency value is correct (30-01) but the group currency amount is not correct. This value in group currency is not 31-06, is the local value multiplied by the Exch Rate at the retirement date.
How to do to have the group currency in a derived area as the difference of the group áreas which are related to the original one (31-06 in my case)?
I hope my question is clear!!
Thanks a lot, Iu2019m complete lost.
Adela.

Dear Adela.
1 - Define Currencied for Leading Ledger Like: Group/Index what ever you want.
SPRO >> Financial Accounting (New) >> Financial Accounting Global Settings (New) >>> Ledger >> Define Currencies of Leading Ledger
2 - Maintain Group Currency in Non Leading Ledgers
SPRO >> SPRO >> Financial Accounting (New) >> Financial Accounting Global Settings (New) >>> Ledger Define and Activate Non-Leading Ledgers
3 - Assign Non Leading Ledger to your Dep Area
SPRO >> Asset Accounting >> Asset Accounting (Lean Implementation) >> Organizational Structures >> Depreciation Areas >> Define How Depreciation Areas Post to General Ledger
Regards,
TML

Schedulling Concurrent Program in Fixed Assets

Hi Team,
Currently we are working on the Oracle Assets implementation. We want to know that what all concurrent programs like Post Mass addition program that are normaly scheduled by the business? Client wants to plan the concurrent programs that should be scheduled in Fixed Assets. So based on the experience with the business users, kindly guide us that what all programs should be scheduled in Fixed Assets?
Thanks
Garima Arora
Ph no 9642355228

Hi Garima,
While uploading assets into the system you may have to run
1) Post mass additions for adding assets to corp books from interface table.
2) Periodic mass copy to copy assets into tax books from corp books.
Other than this you may have to schedule 'Depreciation run' request set to close the books at the end of every period.
Thanks,
Vinod

Data source for fixed assets

Hello All,
I would like to know what is the new version of data source for fixed assets. I believe it is 0FI_AA_20. But, this data sources has less number of fields compared to the old version data sources viz. 0FI_AA_11.
Which data source is presently being used widely. Is IT 0FI_AA_20 or is it 0FI_AA_11. If so, for what reason?
In case you are using old version data source viz. 0FI_AA_11, how did you justify to the client that 0FI_AA_11 is the appropriate data source.
Regards.
Shanker Ramabhotla

Hi Lokesh,
Thanks for your reply.
We have already implemented the notes in our development vut it did not help. It looks like we have a problem with the extractor checker too. I ran the extractor checker today but the total record count is exceeding the records in there.
If anyone has faced a similar situation with this particular data source, then please provide me valuable inputs.
Any help would be greatly appreciated.
Thanks,
Vinay

Design Fixed Assets Star Schema from OLTP DB

Hi,
Scope : Design Fixed Assets logical Star Schema for Demonstrate with OLTP tables
Our platform is Oracle 10g Forms and Reports deployed on Oracle 10g App Server._ At the moment we don’t have data warehouse constructed. We are pumping OLTP Data into Staging DB thru jobs and then by using materialized views getting the data in DWH DB which is in progress.
OBIEE 10g installed and working fine for testing.
We are planning to implement OBIEE for Reporting. As a starting point I would like to design Fixed Assets star schema to demonstrate FA reports in OBIEE from OLTP Tables.
FA- OLTP Tables:_
AC_UNIT_MASTR           – Business Units
AC_ACNT_MASTR           - Nominal Codes
AC_COST_CENTR_MASTR      - Departments
AC_MANTN_ASTS           - Assets transaction table
AC_AST_BAL_DETLS           – Period wise Asset summary
AC_AST_BAL_DETLS_V      - View
To achieve this
1).Import tables in physical layer and set physical joins
2).identify and create dimensions and set complex joins and then move to presentation layer.
Please suggest best approach to design Repository
Thanks
Regards,
Kulkarni
Edited by: hai_shailesh on Jan 25, 2012 11:36 PM
Edited by: hai_shailesh on Jan 25, 2012 11:38 PM
Edited by: hai_shailesh on Jan 25, 2012 11:39 PM

Hi Saichand,
Thanks for the response.
Already i referred that doc and completed practically. now i have to work on Finance data . as a starting point working with Fixed Assets module. already i designed centralised fact with dimensions as below
in physical&BMM layer defined relationship as below()
AC_UNIT_MASTR_D                  --> AC_AST_BAL_DETLS_F
AC_ACNT_YEAR_MASTR_D        --> AC_AST_BAL_DETLS_F
AC_ACNT_PERD_MASTR_D        --> AC_AST_BAL_DETLS_F
AC_COST_CENTR_MASTR_D      --> AC_AST_BAL_DETLS_F
AC_AST_GRP_MASTR_D            --> AC_AST_BAL_DETLS_F
AC_AST_SUBGRP_MASTR_D      --> AC_AST_BAL_DETLS_F
and
AC_ACNT_YEAR_MASTR_D        --> AC_ACNT_PERD_MASTR_D
When iam trying to create a dimension for Periods(AC_ACNT_PERD_MASTR) , Periods dimesnion created with two tables
AC_ACNT_YEAR_MASTR_D,AC_ACNT_PERD_MASTR_D
Please advice..
Regards,
Kulkarni

Implementing Fixed Assets

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