Inflation Accounting on Fixed Assets

Hi ,
Could anyone advice how to configure for Inflation Accounting on Fixed Assets wherein Accumulated Depreciation needs to get Revalued.
Is there any Notes to be applied in this regard.
regards,
M Suresh Kumar

You can use as basis SAP Note 725957 - Inflation adjustment of fixed assets in Turkey
https://service.sap.com/sap/support/notes/725957
The compleet set-up is in there, perhaps there is a version for your own country
Me setup is:
03 Local books               (create postings)
13 Local books inflation   (create postings)
14 = 03 + 13                  (for reporting)

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Modified Historic Accounting query tools/Inflation Accounting tool for Assets

Modified Historic Accounting query tools/Inflation Accounting tool for Assets
Does anybody know if Oracle provide such a product, or is it a third party solution that interfaces with Oracle? If you have any info on this, I would be grateful
Thanks

First check if you can add the function associated with the tools option to "responsibility exclusions" using sysadmin.
See http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/fnd/fndscrsp.htm
If not, then consider writing a personalization (one for each tools>menu option)
The personalization will fire on the "special7" (or whichever the number is).
In the actions, you should display an error message that says "This option is not available". That will prevent the user from opening the form.
Hope this helps
Sandeep Gandhi
Independent Techno-functional Consultant

Account for Fixed asset

we have a AUC(asset under construction) clearing account, there two posting to this account
1. 70 Asset A 1200 USD
50 AUC clearing account 1200 USD
2. 40 GL conversion account 120000 USD
50 AUC clearing account 120000 USD
The first posting document type is AA, the second one is SA
how can I clear this AUC(asset under construction) clearing account?

F-03 say no open item, what should I do to clear the account?

Credit Note in Fixed Assets add-on

Hi experts,
I really do not understand how Credit Note is working in this add-on.
Depreciation(accounting impact):
Dr                                                                                Cr
510000 - Depreciation (Personal Computers)        110000 - Personal Computers
So, for my Credit Note is a little bit differen(I am using Credit Note without Vendort:
I want the Credit Note to perform as following:
Dr                                                                         Cr
110000 - Personal Computers             510000 - Depreciation (Personal Computers)
My G/L setting in Fixed Assers add-on:
Balance Sheet of Asset Acc. Cost - 110000
Clearing - (for this account, I have tried placing 110000 and 510000)
Ordinary Depreciation Acc. - 510000
But, it does not work.
Please advice on that.

Hi Gordon,
I thought this account was for Credit Note purposes but it wasn't.
So, for 1st scenario I tried putting 110000 and then I made a Credit Note without Vendor thought of debiting back depreciated amount into my fixed asset account and crediting the depreciated amount in my depreciation account. The result was unfavorable, it worked out the same way as I did for depreciating my assets:
Dr                                                                    Cr
510000 - Depreciation Account                     110000 - Fixed Assets Account
In fact, for 2nd scenario I tried replacing 110000 in Clearing Account with 510000 thought of achieving my goal below:
Dr                                                                    Cr
110000 - Fixed Assets Account                     510000 - Depreciation Account
But the outcome was same exactly as 1st scenario.
How can I produce the goal in 2nd scenario, please advice.
Thank you.

Modify fixed asset master data thru migo

Hi experts,
I make PO with account assigment 'fixed asset'. This asset is created during the PO creation. When materials arrive more fields of that fixed asset master data are known (ie serial number). I'd like to have a way to save those data in asset during the GR without using 2 different transactions.
In MIGO t/c i see the fixed asset number and double clicking on it i access to display asset: master data (as i was on AS03 tc).
Do you think a way to call AS02 (change asset master data) thru MIGO exists?
Best regards,
Ruben

Hi Ruben,
Did you find a solution to your problem? I have a similar requirement.
I was planning on using the user-exit MBCF0005 to call a pop-up screen where the user can input the serial number and from there calling the BAPI to update the asset.
Cheers
Wayne

How to define Approval Hirearchy for Fixed Assets?

Hello All,
Couls someone please tell me How to define Approval Hirearchy for Fixed Assets which should be different as compared to normal item purchase.Reply me ASAP
Regards
Aditya

Hi,
The AP invoice approval used AME rules for finding the approver. You can base you AME rules on virutally anything.
In this particular case, you can base your AME rules on one of the followings:
1. If any of the Distribution Accounts contain Fixed Assets natural account
2. You can define a separate document category which should be used with invoices for FA Purchase and use the category in AME rules to find approver
3. You can have a DFF at the Invoice Header level to indicate that this is a fixed asset purchase invoice and have this DFF to be used in AME rules.
Gajendra

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

Accounting entries process in Fixed Asset Module

Dear all,
I don't know Accounting entries process in Fixed Asset Module. I don't know how to post accounting entries and manage fixed assets
Anyone can share me documents that is relevant to business transaction in fixed asset module.
My ID: [email protected]
Thank in advance
Minh
Edited by: Tran Binh Minh on Apr 21, 2008 5:04 AM

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

Accounting principle gap for fix asset

Dear all,
Our company has two accounting principle, for certain fix asset, local principle require it post to fix asset, depreciation will be posted to expense account and allocate to production order via cost center expense allocation in the month end. for group principle, it will be posted to A&D expense, not fix asset. this means that inventory cost and COGS are different.
We would like to generate two sets report for local goverment and group. does anyone has experience of this requirement? really appreciate if you share with me.
Rgds,
Ben

Hi,
For this kind of situation. you have different methods
1. Account solution
2. Ledger solution
3. Co Code solution
If you are using ECC5 or ECC6, you can have parallel ledgers (leading and non leading). If not you need to use Account solution that is you need to have diff depreciation areas and post accordingly.

Fixed Assets GL Accounts

Hi,
We have uploaded the fixed assets and after uplaoding the same ran the Asset Balances Report to veiw the details of the acquisition costs and accumulated depreciation in respect of the uploaded assets. The Report is running fine, however, when we view the GL Accounts, using the T Code FAGLL03, the account does not show any balance and the message appears "No items selected". Also when we run the GL Balances Report using the T Code FAGLB03, the message appears "No data found for fiscal year -
". Could any one advise as to why this is happening and what could be the remedy for this ?
Thanks in adavance

Hi
Also Follow the below steps to complete your legacy data upload for asset accounting.
When the asset is uplaoded from legacy only the asset account gets updated and not the GL.
To update the GL you have to go to T.code-OAMK reset your Asset recon accounts and take the balace in total for each GL and do posting maually via T.code-OASV.
After completion of posting you have to again reset the recon accounts via OAMK.
Hope this helps
Good Luck
Hari

Report for Inflation Accounting for Mexico

Hello Experts,
I am implementing fixed assets module for Mexico and as per the business requirements, the customer needs to adjust fixed assets values (APC and depreciation) for inflation. I have been able to configure the system for this but the problem is in reporting for inflation. There are no standard reports available in SAP for inflation accounting. Has anyone else too faced this problem in the past and what solution was used for this ?
Thanks,
Rohit

Hi,
Since you have a seperate area ,you can use all the standard reports for your requirements. It is strange that you do not post the area to G/L , but that is probably your clients requirement.
Currently Inflation Accounting is not required in Mexico as the rate is below the threshhold.
Kind regards

Fixed Asset: Current Year Depreciation

Dear Experts,
Previously, fixed assets was managed manually in an excel sheet and depreciation was calculated manually in the excel sheet.
My client wants to start using the FA Addon in March. I managed to import all the fixed asset master data with its Cost, Acc. Depn and NBV. They all tally with the GL balances as at 31.12.2010 which is the last day of the accounting year.
However, I have problem with the current year accumulated depn figure. When I run depreciation for Jan-Feb, the figure does not tally with the GL balances as at 28.02.2011.
For example:
Fixed Asset Cost: $5,859.00
In SAP B1
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Planned monthly depreciation: $162.77 <-- Not sure how B1 get this figure
Therefore, accumulated depreciation for current year as at 28.02.2011 = $325.54
Manual via Excel
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Accumulated depreciation for current year as at 28.02.2011= ($5,859 x 33.33%) / 12 x 2 = $325.47
How do I get the current year depreciation to tie with the GL?

Hi Joyce,
I understand the issue you are facing is that
accumulated depreciation for current year as at 28.02.2011(calculated by Fixed assets addon) = $325.54,
but
accumulated depreciation for current year as at 28.02.2011(calculated by excel)= ($5,859 x 33.33%) / 12 x 2 = $325.47
you want to know how system calculate the accumulated depreciation as $325.54?
in order to make it clear,
please let me know how did you define the FA master data,such as the net book value,useful life,remaing life and so on.
Please check the FA master data->general tab and calculation tab,as it is not possible to attach the screenshot to show the relevant data,please log a SAP message for the further assistance.
Kind regards,
Eleven

Fixed Asset Sale through SD & AA Module

Dear All,
While selling the fixed asset, carried out the following procedure. Is it correct?
In India, we need to pay excise. Due to this, the asset which is required to be sold, needs to be created as a material.
Following steps are carried out -
a) Material code created under Material Type Finished Goods with Sales View. Value of the asset which is to be sold is put in as a Standard Price.
b) For sale, created inventory of the Finished Goods ( which is created for the asset) by way of Initial upload.
Accounting Entry - Finished Goods -
Dr 25000
                               To Initial Upload -
25000
c) Now, through SD , created PGI i.e.Post Goods Issue.
Accounting Entry -
FG COGoods Manufactured -
Dr 25000
(Exp Account)
      To Finished goods               25000
d) Billing Document Created
Accounting Entry -
Customer Account -
Dr   17996.16
    To Sales Offsetting A/c                  15000
    To Cenvat Suspense                        2400
    To Cenvat Suspense                           48
    To Cenvat Suspense                           24
    To CST Payable                               524
Excise Document Created
Cenvat Suspense A/c -
Dr   2472
           To BED Payable                      2400
           To E.Cess Payable                      48
           To Hr E.Cess payable                   24
e) Now carried out Asset Accounting Transaction
    ABAON - Asset Sale Without Customer
Accounting Document created
Sales Offsetting Account -
Dr 15000
Loss on Sale of Asset            Dr   9996
Accumulated Depre               Dr         4
     To Asset Account (sold asset)               25000
I m not sure on the initial upload & FG COGM effects. Whether I carried out correct process? Whether the accounting effects are correct?
Pl help. this is very urgent
Thanks in advance,
Gov.

Rakshith,
You are using Asset Sale Clearing Account for credit istead Non-valuated material. Your the Asset is your "stock material".
please also check:
Sale Of Fixed Assets from SD
Sales Order For Asset Sale
regards

FIXED ASSET Note 113711 - FA ISR Depreciation Adjust. & IMPAC Balance Aver

Hi Gurus, I have a question about this note referent at Fixed Asset , in the next topic:
After release upgrade the import has to be repeated for the new
release.
Please take the transport from SAPSERVx, path:
~ftp/specific/latinamerica/MX/note.0113711
Directory note.0113711 contains the following transports files:
- For Rel. 3.0F and 3.1 please transport:
R900246.LD3 (data)
D900246.LD3 (cofile)
which will create the next objects:
DEVC ZAA Development class
DOMA ZINDE Domain for INPC value
DTEL ZINDE Data element for INPC value
FUGR ZINP Function group for table maintenance
PROG ZAAUFW01 MAIN PROGRAM
PROG ZXANLU04 Include with calculation logic
TABL ZINPC Table for INPC values
I don't understand the sentence :
"Please take the transport from SAPSERVx, path:
~ftp/specific/latinamerica/MX/note.0113711"
I don't know how connect at this server for download files .LD3.
that request the note 113711.
Thanks for the help.

Thanks for your answer Sreenivas, I have a doubt :
The first part of the note refered at release 3.0 and 4.0.
I have worked the version 5.0, and in the Note 113711 there is a paragraph that says:
"If you want to transport the INPCs values into the ZINPC table, please
AFTER having transported the previous files, transport files:
R900248.LD3
K900248.LD3
which contains the INPCs values since 1950.
- For Rel. 4.0B and after, please transport:
R900040.LD1
K900040.LD1
In rel. 4.0B and after, the program uses the INMA indexes tables. There is no need to create a table ZINPC anymore to maintain the INPCs values.
The Index that the program uses is the general one defined in the Inflation Method for the company code for FI. It uses the definive values of it."
My question is if I have download the files *.LD3 for release subsequent at 4.0 because I actually have worked version 5.0 of SAP R/3.
Thanks for your answer.

Fixed Assets

Hi experts,
I did a acquisition with vendor through fixed assets add-on but I cannot see the particular invoice when I run the Purchase Analysis report(by Purchase Invoice)?So the report is inaccurate.
Why the fixed assets add-on is not linked with SAP standard modules? or I missed out some important settings?
Please advice.
Thank you.

The addon will create a journal but not an AP Invoice to the vendor.
If you want to see an invoice, create a service invoice to the vendor where the GL account is your defined Fixed Assets clearing account, then do your acquisition without vendor to the clearing account.

Inflation Accounting on Fixed Assets

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