Intangible Assets

Hi All,
What are the steps have to be considerd for Intangible Assets in Asset Accounting?
Apart from the normal asset class and asset master records, is there any other additional steps have to be considered for Intangible asset class and asset?.
I request you to all, please knidly give your values.
Thanks with regards,
Ran.

The following links will guid u dear...
http://help.sap.com/search/highlightContent.jsp
http://help.sap.com/search/highlightContent.jsp
http://help.sap.com/search/highlightContent.jsp
Assigne points
Dasharathi

Similar Messages

Transfer posting (OASV) issue for the existing Intangible Assets

Hi SAP Experts,
In our system the APC and Acc. Dep. for ord. dep. has maintained the same G/L Account (A090) so due to this in Fin. Statement it shows the Net Book Value. Now, our client wants to migrate to IFRS, as per this it has to show like ( Intangible Assets - Acc. amortization - Acc. Impairment Loss). Now, I have created new account i.e. 'Accumulated Amortization for Intangible Assets A/c and removed the old G/L A/c (the one which is same for both APC and Acc. Dep.). Now, the old G/L has the APC and Acc. Dep. values so I need to transfer the Acc. Dep. from old G/L to New G/L A/c by using OASV (Transfer posting).
If I make the transfer posting like (the both G/L Accounts are Recon. A/cs)*
      Debit Old G/L A/c    - xx,xx,xxx
      Credit New G/L A/c - xx,xx,xxx
Is it any impact on the values (Intangible Assets) Dep. Area wise? Since, APC and Acc. Dep. already posted to old A/c up to this point of time. Another doubt is, while posting the above entry shall I need to switch off (Reset) Recon. A/c for this Intangible Assets? OR without Reset Recon. A/c can I post this transfer posting? Is this correct procedure or other than this is there any other alternative?
we have 9 Dep. Areas out of which 3 Dep. Areas have posting indicator as '1'. In that out of 3 Dep. Areas one Dep. Area namely 'Impairment Loss' is there but there are no positings till now. After config. change it should allow ABIF tr. that we completed already.
Could anyone explain why this 'Investment Support' Dep. Area (Impairment Loss) doesn't allow APC values by default?
Thanks in advance.
Best Regards,
Sri.

Hi Sri,
Let me clarify your points individually.
1) From system the prospective, it does not make any diff in functionality for a tangable asset or an intangable asset.
2) Add the new GL account in the respective account dtermination as a balance sheet account for accum dep. (while adding, the GL account should be as recon account)
3) Please switch off the recon account indicator in the both GL accounts with OAMK.
For Ex: Lets say you have already posted APC value 10000 Dr and Accum dep 2000 Cr to the old GL account, so the net book value will be 8000 Dr.
In this case Please find out the total value of line items (2000 Cr as per the above example) for accum dep, that was already posted to the old GL account.
4) Post a journal voucher through F-02 like
                                                  Old G/L A/c Dr - 2000
                                                                New G/L A/c Cr - 2000
So after passing this entry you will find account balance as 8000 Dr in old GL account and 2000 Cr in new GL account.
5) after passing the above entry you need to switch on the recon account for both the GL accounts
Hope this will help.
Thanks,
Srinu

Asset Accounting - Depreciation Repeat Run

Hi Seniors,
Depreciation run upto period 7 is over. Now, client wants to create few Intangible assets and depreciation needs to be run from period 1. I created one Intangible asset in Quality Server and tried to do repeat run for that particular asset. It says the posting will be done in Period 7. But, client wants the depreciation to be posted every month. Is there any way for this? Periods are open.
with sincere Regards

Hi Kumar,
Repeat run option is only for running the depreciation for the previous month only in this case period 7. The system calculates the amount from the period 1-7 and posts in period 7.
One option you can try is. You can create the repeat depreciation run for period 7 for this particular asset in background and process the same in foreground, changing the posting date and amount. Make sure your period is open.
Test this scenerio in your test client.
Regards
Sridhar

Asset under constructions

Dear Experts,
I am new to this concept
When i am settlement of AUC to main i asset i want create one cost element for external settlement.
cost element catagery 22. My doubt is this cost element comes under expences or revenue.
Regards
venkataswamy

Hi
Category 22 is for the external settlement and not comes under expense or Revenue.Primery GL account will be under Profit and Loss account group only but in the Financial statement grouping -FSE3 generally it comes under Balance sheet --Asset --Intangible Assets.
But it depends on the Company decision also , it can be kept under Expense and gradually moved to Fixed Assets only as and when settled.
Mukta

Amortization calculation for an asset

Dear All,
I received a requirement from the users to do amortization for a fixed asset. Can somebody please help me to understand the business process of amortization and what is the requirement to do amortization for a fixed asset since I do not have prior experience on this.
I am looking forward your help
Thanks & Regards
Ramki

Hi Ramki,
I'm not sure if you really mean amortization:
The process of reducing the value of intangible assets by spreading the costs over the useful life of the asset.
This can also be achieved by making a value adjustment on the balance sheet key date. From a consolidation point of view, the amortization of goodwill during the first consolidation is relevant. Typically, the procedures for amortization are governed by external regulatory bodies.
Or if you mean depreciation:
http://help.sap.com/saphelp_46c/helpdata/de/4f/71fd71448011d189f00000e81ddfac/frameset.htm
hiere you'll find under the 4th link a complete documnetation
regards Bernhard
Edited by: Bernhard Kirchner on Oct 22, 2010 12:18 PM

Asset cost transfer.

Hi,
I wanted to reclassify certain amount from 188000 (goodwill a/c) to 189000 (Intangible asset a/c) in company 5000. We donu2019t want to set up the depreciation(Dep. should not be calculated) u2013 only want to add value to account 189000. How can we do it?
It wonu2019t work in FB50 because 189000 is asset recon account. is there any other transaction code is there to transfer the cost from goodwill account to intangible asset a/c(recon a/c).
Please advised
Regards,
Sam
Moderator: Please, avoid asking basic questions

Hi....
Use T.code ABUMN with in same company code
like from tangible asset 1234 company code ABCD to Goodwill asset 5678 company code ABCD
Use T.code ABT1N with different company codes
Like from tangible asset 1234 company code ABCD to Goodwill asset 5678 company code EFGH
I hope you will get some idea...
Regards
vamsi

Write off the asset

Hi,
Please can someone advice me how do we write off the asset.
Regards,
Parul

hi
You can call up the asset history sheet as a totals list, or as a detail list showing individual assets. The detail list shows the capitalization date for each asset, and, if applicable, the deactivation date and any transactions in the year being reported.
There is a special history sheet version defined for showing special reserves for special depreciation. This version shows the
·        Initial balance
·        Allocation to special reserves
·        Write-off (depreciation) of special reserves
·        Write-off of special reserves due to asset retirements
·        Write-off of special reserves due to transfers
·        Closing balance
Procedure
       1.      Call up the report for creating the asset history sheet (Info system ® Report selection ® Balance sheet explanations).
       2.      Enter the start parameters for the report. Make the following particularly important entries
         Company code for the report
         Report date
         Sort version that you want to use
         Asset history sheet version that you want to use
         Use the current book value indicator to specify if you wish to show planned annual depreciation, or the depreciation already posted.
       3.      If you have not posted the actual retirement of low value assets, you can use the asset history sheet to simulate their retirement (in order to minimize the transactions necessary for their retirement). In this case, enter the asset class for low value assets.
You also need to specify a time period for the retirement simulation. Please note that the simulation time period must begin on the same date every year so that LVAs can be shown continuously and correctly in the history sheet. This fixed start date should lie in the distant past (for example 1900). Using the same start date each year ensures that LVAs, for which retirement has already been simulated, do not appear in the history sheet with their APC in subsequent years. In addition, the end date for the simulation time period has to be in a fiscal year that is still open.
The same procedure applies for intangible assets.
Graphic: Simulation Time Period
       4.      Limit the report as needed. If needed, make additional entries for lists created using batch input.
for furthur notes
http://help.sap.com/search/search_overview.jsp
http://help.sap.com/erp2005_ehp_03/helpdata/EN/4f/71e286448011d189f00000e81ddfac/frameset.htm
nagesh

Transferring values from G/L accounts into Intagible Assets

Hi all,
We have an issue. We have created new asset classes for intangible assets. Now we want to create assets for intangible assets and transfer the balances from already existing intangible accounts to the newly created assets. CAn anyone tell me how we cando this.
Thanks,
Kris

hi Mohan,
so simply use transaction f-91
so that you can clear your G/L-acc.
Andreas
pls reward useful answers
thank you

Depreciation of Assets

Dear Seniors,
Can we create Intangible assets now and run the depreciation from March? For other assets Depreciation run is over till September.

Dear Kumar,
If posting period is open then you can only post the acquisition value in the month of march.
"Repeat run" can be done for the last planned dep.run (in your case "September month") can't be from the month march.
If you do "Repeat run" in the month of september system will compute dep. from March to Sept. and post it in the month september.
"Repeat run " can be done only for specific assets but not necessary for all.
Hope it helps.
Regards,
Murali

Amortization of assets

Hi to All,
I have intangible assets in my Company code and i want to assign amortization accounts to them
In integration with GL i come across balance sheet and depreciation accounts
Where are the settings were i can actually assign amortization accounts .
Thanks in advance
tanuja

think you did already...
depreciation = amortization

Using ABUMN for depreciated asset,, possible?

Hi Gurus,
I need to do a assets class transfer, for eg: Computer Software to Intangible Assets. Currently I already close off my fixed assets till 31Jul09, that mean I had posted Jul09 depreciation, so when I do this transfer, can I back date the posting date, asset value date to 31Mar09 ? Of cos, I will need to open the period for Mar09, in order to do this transaction, but is it the correct way to do it? My doubt is I already completed depreciation till Jul09, am I allow to back date it again to 31Mar09 for the transfer? Please advice
Thanks

Hi,
The test here is till what date do you want to charge depreciation for the computer? And from what date do you want to consider the asset as an intangible asset?
You can post with posting date in Aug 09 but provide asset value date as 31 Mar 2009. The extra depreciation on the computer (Apr to July) will be reversed in the month of Aug when you execute the Aug depreciaton posting. In addition the system will also pass the depreciation from Apr to July on the new intangible asset if you have maintained depreciation rates for this asset in Aug.
Rgds
Shivram.

FSG report not printing column values on same line but sequentially

FSG report problem:
We have defined 2 FSG reports 'Balance Sheet - Total' and 'Balance Sheet - Detail'. Both reports have 3 column values, namely the value in Euro (our Functional Currency), the value in MUR - Mauritian rupees (our reporting currency) and the rate of exchange.
The report 'Balance Sheet - Total' displays these values for assets e.g.:-
EURO MUR Rate of exchange
Non-current assets
1. Intangible assets ? ? ?
2. Other investments ? ? ?
(note: ? represents a certain value)
The report 'Balance Sheet - Detail' displays values as follows :-
Account EURO MUR Rate of exchange
1. Property & Equipment
A10101 Building Cost ? 0.00 0.0000
A20105 Motor Veh Accum Dep ? 0.00 0.0000
TOTAL ? 0.00 0.0000
A10101 Building Cost 0.00 ? n/m
A20105 Motor Veh Accum Dep 0.00 ? n/m
(note: ? represents a certain value)
What we don't understand s why the 'Balance Sheet - Detail' report repeats the display of column values in MUR FOLLOWING the display in EURO, instead of displaying column values for EURO and MUR on the same line, just like in the case for 'Balance Sheet - Total'.
Is there anything in the definition of column set, row set or report set should I change?
Can anybody help. Thanks.
null

The problem is related to defining the column set properly. It is OK with the first report and needs modification for the second. Formatting is also important so that they appear in the same line(row). The columns need to be linked to the fileds and assignment to set of books is also important as mentioned by Rajsekhar

F.01 Balance Sheet-Report to see in company code wise

Hi Experts
Goodevening
We are recently upgraded to ECC.6 version of SAP.
The issue is, when we use Tcode F.01 relating to Balance Sheet Report it is giving the result in Business Area Wise of all the assets and liabilities.
Is there any possiblility to see the report in company code wise and not the business area wise. since the same asset is displayed in different business area wise.
eg.,
21100/1011004 Gross Block - Intangible assets 647,080.00
21100/1011004 Gross Block - Intangible assets    22,048.00
21100/1011004 Gross Block - Intangible assets 2,847,283.25
21100/1011004 Gross Block - Intangible assets 92,040.00 21100/1011005 Gross Block - Plant And Machin75,258,226.67 21100/1011005 Gross Block - Plant And Machin   216,968.87
          the problem is like above
now we want to see the report in lumsum, without business area wise.
pls suggest me how to get the report
thanks in advance
warm regards
kishore

Dear Kishore,
While executing in F.01 give all parameters without Business Area and Execute
Apart from that if you need to additional thing go through dynamic selection in F.01.
Assign point.........thanks in Advance.
Rgds
Madhuri

Implemention of IFRS on New G/L

Hello,
We are planning to implement IFRS with New G/L. what would be the guidelines to do it?
I was reading that recommendation is:
1. Migration of New G/L
2. Implementation of IFRS (why?)
Can I migrate previous fiscal year to make a comparation with the new fiscal year (already new g/l)?
How can I do it?
What are the impact on system level? Why?
Looking forward heard from you.
Thanks,
Silvia

Hi,
Find the below table for IAS (IFRS) standards
IAS 1 Presentation of Financial Statements 2003
IAS 2 Inventories 2003
IAS 7 Cash Flow Statements 1992
IAS 8 Policies, Changes in Accounting Estimates, and Errors 2003
IAS 10 Events After the Balance Sheet Date 2003
IAS 11 Construction Contracts 1993
IAS 12 Income Taxes 2000
IAS 14 Segment Reporting 1997
IAS 16 Property, Plant, and Equipment 2003
IAS 17 Leases 2003
IAS 18 Revenue 1993
IAS 19 Employee Benefits 2002
IAS 20 Accounting for Government Grants and Disclosure of Government
Assistance 1983
IAS 21 The Effects of Changes in Foreign Exchange Rates 2003
IAS 22 Business Combinations 1998
IAS 23 Borrowing Costs 1993
IAS 24 Related Party Disclosures 2003
IAS 26 Accounting and Reporting by Retirement Benefit Plans 1987
IAS 27 Consolidated Financial Statements 2003
IAS 28 Investments in Associates 2003
IAS 29 Financial Reporting in Hyperinflationary Economies 1989
IAS 30 Disclosures in the Financial Statements of Banks and Similar
Financial Institutions 1990
IAS 31 Financial Reporting of Interests in Joint Ventures 2000
IAS 32 Financial Instrumentsu2014Disclosure and Presentation 2003
IAS 33 Earnings per Share 2003
IAS 34 Interim Financial Reporting 1998
IAS 35 Discontinuing Operations 1998
IAS 36 Impairment of Assets 2000
IAS 37 Provisions, Contingent Liabilities, and Contingent Assets 1998
IAS 38 Intangible Assets 1997
IAS 39 Financial Instrumentsu2014Recognition and Measurement 2003
IAS 40 Investment Property 2003
IAS 41 Agriculture 2001

Budgetory Control Issue

Hello Dina
I am trying to create a project specific purchase requisition (PR) from Oracle Purchasing responsibility with project details in distribution. At the end of process I put tick in the checkbox for reserve and then forward the same using approval hierarchy. When I forward it, system is showing error as "Line #1 Distribution #1 could not map to a budget line while deriving budget account".
Actually as per process I have created a project, project budget and its baseline successfully. I also have generated accounting (Encumbrance) entries for project budget and posted the same in General Ledger. Also there is corresponding Budget exists in the General Ledger. And in GL Budget journals are posted.
At the end of approval process for purchase requisition, workflow notification is showing same error message as "Failed to reserve funds as Line #1 Distribution #1 could not map to a budget line while doing budget account". And status of this requisition remains as Pre-Approved.
Can you please suggest me what exactly is missing in the process.
Thanks & Regards
Dhananjay

Hi. In CO you can control budget via IO or WBS. Customizing for both almost similar.
The most important things:
1.maintain Budget profile. Here you specify Activation type- it control AVC activation (manual, automatic after budget maintain, no AVC)
2 maintain Tolerance profile- here you specify which activity group assigned to AVC(PO,PR), action(error etc),and usage.
For example you can specify action=warning if Usage=90% and action=error if usage=100%
3 Specify exempt - here you can exclude cost element from AVC (e.g. Intangible assets)

Intangible Assets

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