Period Control in Asset accounting

Can someone explain me how the period control works? Also how will we determine period control for 'Mid-Quater' convention.
Please help me out on this. Thanks and regards,
Vishal.

Period Control Method is a system object that controls what assumptions the system makes when revaluating asset transactions that are posted partway through a period.
Using the period control method, for example, you can instruct the system only to start revaluating asset acquisitions in the first full month after their acquisition.
The period control method also allows different sets of rules for different types of asset transactions, for example, acquisitions and transfers.
Regarding determining period control 'mid quarter', it is based on the assumptions of the business for the asset revaluation.
PS: Please award points if you find the answer as useful. Your rewarding will motivate me in the future to answer more questions. Thanks.

Similar Messages

Period closing for assets accounting

HI experts
Since we are in 2009 i need to transfer the assets from 2008-2009, while doing the same through AJRW message is coming to close the books for 2007. on closing the books for 2007 through AJAB the error message comes some of the assets depriciation has not been completely posted . Actually the depriciation for dec'07 has been posted during book closure in dec'07 & BS has been printed on the basis of the same . However during 2008 we found some of assets having the start dep date is wrong , hence we have changed the date in 2007. the Depriciation for Jan to Nov'08 has already been posted without any error . kindly advice me how to proceed .
Regards
Saroj

Hi Saroj
Usually, during the year end closing process for Assets we initially need to close the previous Fiscal Year through TC: AJAB.
At this point of time if the depreciation run is not done in the past or depreciation for some of the assets not posted completely we cannot close the FY.
Similarly an error relating to determination of the base insurable value for asset will also occur in company code. Message: The base insurable value for this asset could not be determined.
Usually missing index figures are the cause for this error.
Therefore check the insurance specifications using master data maintenance. You should analyze the error by using the fiscal year change function in the screen for the insurance specifications.
I hope this will solve your problem
Regards
Murali Kanth Natti

Different Fiscal Year for Asset Accounting

Hi experts,
My fiscal year was april to march, but for my MIS purpose i want to see the asset related reports January to December. I want to see the both periods reports in asset accounting is there any configuration required for this?
We are following parllel ledger concept, we have 5 ledger groups, i..e. 0L for leading ledger,DG for dutch gaap Jan to Dec,IG for Indian gaap Jan to Dec, IL for indian ledger April to march, IN for ledger groups for indian postings.
In depreciation area target group assigned as IN
for IN ledger Group ledgers assigned to 0L and IG.
please help me
Usefull answers duly rewarded
thanks in advance
sai krishna

You have to assign them to the depreciation areas and not to the company code.
Before doing this test and understand what are the consequents from you requirements!!
When you do quarterly depreciation then you dates perhaps 31.03.**** 30.06.***** ..........
Then the depreciation is posted in FI for 31.03.**** in period 03 or 04 dependent from your FI calendar!!
For me I don't see a reason to it quarterly and not by period. perhaps the old system did.
The only reason to us a different calendar is for fiscal reason and then mostly in combination with parrallel ledgers if FI

Asset accounting revaluation and period control

Hi, does somebody know how is the period control determined for Revaluation? For example, I make manual revaluation in ABAW with asset value date 01.01.2007 and I want the effect on the depreciation to begin from the same month. Now it begins from next month and I suppose the period control is linked to the period control for 'acquisitions' (set up as from next month).
To say it directly, how can I customize the period control for Revaluation?
Thanks in advance,
Lyubomir

Hi Andreas,
I have tried this too, but when I create it I cannot navigate to this view. Obviously this can only be acheived through direct maintenatce in the table. However one upgrade will overwrite your changes and this is not a good solution.
Thanks for your help. I understood that the period control can be viewed in table TABWG as well - there I understood saw that the period control of my transactio types have period control as for acquisitions.
Best regards,
Lyubomir

Where we have to open and close posting periods in asset accounting

hi sap gurus
can anybody give where we have to open and close posting periods in asset accounting
thank you
venkatareddy

Hi Venkatareddy,
You make specifications for fiscal years and posting periods in the SAP R/3 System in Customizing for Financial Accounting. This is done in the fiscal year variant in the global parameters of the company code. These settings are, in general, also binding for Asset Accounting. The depreciation periods in Asset Accounting then correspond to the posting periods in Financial Accounting.<b> It is usually not necessary to create a separate fiscal year variant for Asset Accounting.</b>
The period control in the depreciation key determines the start and end of depreciation when asset transactions are posted . The period control determines the relationship between the calendar period in which the asset transaction is posted and the depreciation period.
These calendar periods are independent of the posting periods in Financial Accounting. The only restriction is that the beginning of the first calendar period and the end of the last calendar period defined in a period control have to match the start date and final date of the fiscal year in Financial Accounting.
Kindly let me know if this useful for you

Impact of Changing Posting Periods in FI on Assets Accounting

Dear Friends,
I did a testing by changing the No of normal posting periods from 12 to 13 in FI Fiscal Variant. I did a testing in different areas of GL, AR and AP and the posting was well with no error at all.
I have a issue with Assets accounting, in the Assets Master Data, Usefull life was throwing error. Depreciation Posting was having the problem so is the reitrment ABAVN.
Any body has idea, how to overcome the Assets accounting issues.
Regards
VK

Thanks for watching

Effects of reopening closed periods in Asset Accounting.

Hi SAP Gurus,
My client wants to open the closed periods in Asset accounting. I have used T Code OAAQ and changed the last closed period.
I would like to know what are the effects of opening the closed periods.
Will it effect the already posted depriciation and what further steps should I take after the entries are passed.
Even after I opened the period both in FI and AA it still is giving me a message that I cannot post to this year.
Can you kindly suggest.
Thanks in advance,
Hari

If you post any entries to the asset , the depreciation will change in asset accounting and will not match with the general ledger unless depreciation posting run is executed.
However, since you have already executed depreciation posting, AFAB selecting repeat run in the last period or special period if your company code have special periods.
Caution: It will change the P&L and Balance sheet balances.
Please check the Post Capitalization Option (ABNAN) for asset values missed in the past for capitalization

How to Open & Close the periods in Asset Accounting for Depreciation.

Dear All,
How to to How to Open & Close the periods in Asset Accounting for Depreciation ? Please let me know
If there is any T.Code or procedure for it.
Your help is highly appreciated.
Thanks & Regards,
Pankaj.

Dear Alex ,
1) I am facing one problem that one of my asset 123 I Capitalized on 13.09.2006 have deactivated on
14.05.2008. with value of Rs.1.00.000/- all the activities are closed down related it on deactivation date.
In 2009 a new asset 456 purchased with different value. But in T.code OARP in column cumulative acquisition
value it is showing value of Asset 123 instead of it's own capitalization value.
2 ) And about my Asset 123 it is also showing a Cumulative Acquisition value in year 2009 which it
should not display because I have already deactivated that asset. ( The same checked in AR03 )
Please help.
Your help is highly appreciated.
Regards,
Pankaj.
P.S :- Keep the discussion on for further assistance.

Control Account - Assets Account

Dear All,
Does everyone know what is Assets Account for in control account payable window?
Thanks
Kevin

Check this link
G/L account for Assets
Jeyakanthan

Asset Accounting: Lineal Depreciation

Hey!
I have implanted the module of Asset Accounting. We have defined a lineal depreciation Key for some assets. But when we enter to the Asset explorer (AW01N), we can see that we have different values for each posting period (the posting periods are defined in months). I think this is because each month have diferente days so Sap calculate different values. We think that SAP is considering if the month has 31 days or 30 days.
I want the depreciation to be calculated with the same value each month. In what point of the cuztomizing I can define this?
Thank you in advance,
Leyre

Pls check the settings for the period control methods where you can define the no.of days with FV, based on the days wise you can restrict the depreciation amounts calulation, but the specific amounts option will not be available to serve your purpose.
Let me know for any further info.
Regards,
Suresh

Asset accounting-QUESTIONS

Hi Gurus,
I got some questions for asset accounting request all of you to kindly extend your help
my questions are
    What is Asset History? ( OAOA)
2)     How the data flows from Asset Accounting to Controlling?
3)     When the asset value is zero and the Company is still using the asset then, how the Company generally proceed to calculate depreciation further? (Curb) (SPRO>Financial Accounting>Asset Accounting>Depreciation>Valuation Methods> Depreciation Key>Calculation Methods> Define Base Methods)
4)     In asset accounting, why 0% Tax code is created for not taxable transaction and why it is compulsory to do it before assigning the chart of depreciation to company code?
5)     What configuration is required to bring all the Fields in depreciation area tap of Asset master creation?(AO21) and (AS01)
[If we make any changes in Tcode AO21 and they are not getting reflected in depreciation area (Last Tab) in creation of asset master (AS01). So how to make the configuration to get those changes reflected in dep. area (last tab) in creation of asset]
6)     What are difference between Germany Chart of Dep. and Great Britain Chart of Dep. (UK)?
Be assured about the points
Thx
Vinod R Khelani

Hello
Charts of depreciation are used in order to manage various legal requirements for the depreciation and valuation of assets. These charts of depreciation are usually country-specific and are defined independently of the other organizational units. A chart of depreciation, for example, can be used for all the company codes in a given country
In the simplest scenario, all of your company codes are in the same country and are subject to the same legal requirements for asset valuation, meaning that you only need one chart of depreciation.
The chart of depreciation consists of the following parts:
In general, you are required to calculate values for assets for different needs, both internal and external (such as book depreciation and cost depreciation). Therefore, the Asset Accounting component enables you to manage values for assets in parallel in up to 99 depreciation areas. The chart of depreciation, therefore, is a directory of depreciation areas organized according to business management requirements. You define the characteristics, and thereby the significance, of the individual depreciation areas in each chart of depreciation. A depreciation area is always assigned to only one chart of depreciation.
You flexibly define the keys for the automatic depreciation of assets in each chart of depreciation. They are based on elements for calculation (calculation methods, period controls, and so on) that are available client-wide.
Use
SAP supplies typical reference charts of depreciation for each country. They have different depreciation areas and depreciation keys depending on that countrys specific requirements. You cannot use these charts of depreciation directly. You must create your own chart of depreciation by copying the reference chart of depreciation. Delete any depreciation areas that are not needed.
You can document the meaning of any chart of depreciation you set up in the system by writing a description for it.
Reg
*assign points if useful

Assets accounting error

Hi Experts,
I am getting error while configuration of assets accounting.
Actually i done with all the configuration required and created 1 assets its get sucessfully created ,but getting error whild exploring the assets AWO1N "Posting period varient C5 was not matained for calender year 2011"
Although i had already maintained the same form FI side also close and open the period in respect of assets through AJRW/AJAB, still getting the same error.
So kindly advice on this...........??????

Hi
1, Please have a look at the following SAP Notes:
164999 Error message AF002, FGV002 FIRST_DAY_IN_PERIOD_GE
6556 Periods for fiscal year not maintained
2, Check if all of period controls which is conbined to period variant C5 and used in T-cd:AFAMP have been defined in OAVH accordingly.
Hope itu2019s helpful.
Regards
George
Edited by: George Lin on Aug 29, 2011 8:19 AM

Superhero Asset Accounting Tax Question

My future best friend/s-
Background:
I work for an energy company specifically natural gas. We have assets (pipelines, metersu2026etc) that are placed in service (put in the ground) and maintained in a excel spreadsheet. After they go through an internal approval process (which causes a huge backlog for input) they are entered into SAP (or the asset is created). My problem is some assets are installed one year (amounts are maintained in the offline excel spreadsheet) and entered into SAP in another year after the previous year is closed. Our SAP isnu2019t catching the tax books depreciation amounts correctly.
Example:
Asset entered in 2008 (pipe put in ground and tracked in excel)----->Asset entered/created in SAP 2010 (after 2008 and 2009 is closed).
Possible solutions I am looking for:
1.     Can I make the tax books have a different fiscal period or none at all?
2.     Is there something I can do with the depreciation keys, useful life, period control or anything that will help with me?
3.     I know about the write-up functionality, however, the tax accountants (funny I never knew how difficult accountants could beu2026especially since I use to be one) will only use it as a last resort.
4.     Is there any books or web-videos that can teach me this type of stuff in SAP that donu2019t read like stereo instructions (I guess this is a general question).
If you can solve this problem you will be a superhero in my book. Please let me know if you need more info (BTW this is my first blog ever).
Thanks,
Jack

Hi Jack,
What has been said above is right. In AS01 all you do is use the 'post-capitalization' indicator at the start, then you see in the 'General' tab that the 'Capitalization on' field is (in my system at least) a required field. Here for example I enter 01.01.2008. Once hitting enter, following fields are filled automatically and remain greyed out:
First acquisition on 01.01.2008
Acquisition year     2008 001
In tab 'Depreciation areas' in AS01 field ODepr.Start is also automatically filled with value 01.01.2008.
Then comes the posting: as for the value you post, for example in the open fiscal year 2010 (e.g.01.01.2010) you can observe nicely the different system behaviour in case you post an normal external acquistion (ANZON) or indeed a post-captitalization (ABNAN). You will see that in later transaction (ABNAN) you find a value adjustment is posted in AW01N to represent the ord.depreciation calculated and so adjusted for 2008 & 2009. So, only the remaining ord.depreciation will then be planned and posted in the remaining useful life
However, if you for example post a normal external acquisition to an asset (set up with 'post-capitalization' indicator and cap.date 01.01.2008 in AS01), you will also observe, that the FULL depreciation for the asset is now calculated and spread over the remaining useful life.
And yes, whether or not in the first period the planned depreciation is a 'catch-up' amount or an equal 'smooth' amount depends on your setting in the company code in OAYR, just as well explained already above (indiator 'Smoothing').
I hope this further clarifies and helps explain - best of luck!
Kind regards,
Brigitte

Issue with Period Control 03 for Depri key MSTL with 6446

Hi Gurus,
We want to use mid-month calculation for Dep. key MSTL using period control 03 (i.e. 03/03/03/03). We are also using 6446 as year-depedent Fiscal year (i.e. Jan and Dec 6 weeks other rest 4 weeks). period control 03 is pro rata at mid period
period 12 for 2009 start 11/14/09 ends 12/25/09
period 1 for 2010 start   12/26/09 ends 02/05/10
as per period control 03 mid month is Dec-04-2009 (setup in OAVH)
When i acquire an asset on Dec-04-09, the dep start date is Nov-14-09 which is correct and all calculation is correct
however when i acquire an asset on Dec-06-09 the dep start date is still Nov-14-09 which is not correct infact it should start dep from next month which will be Dec-26-09 (This is 1st period of Fiscal year 2010)
As mentioned above we are using 6-4-4-6 fiscal year
When acquiring an asset with mid month concept at year end we are facing problem in depri start date and hence calculation.
The setting in OAVH for period control 03 are as below
FV   Period Control     Desc.                             Year   Month   Day    Period    MidMonth
NL        03              Pro rata at mid period          2009    12        4         12           ticked
NL        03              Pro rata at mid period          2009    12        25       12           ticked
NL        03              Pro rata at mid period          2009    12        31        1            ticked
NL        03              Pro rata at mid period          2010    1          15        1            ticked
Thanks in advance

Deepak,
Your period 12/2009 starts and ends between 11/14/09 ends 12/25/09. Now you acquire an asset on 12/4/2009. As per OAVH, you want depreciation calculation start mid-period. Then how is depreciation start date of Nov 14, 2009 for this case?
Then you acquire an asset on Dec6, 2009. This, as per OAVH, falls into period 12/2009. Then why should the calculation start from period 1/2010 for this case?
Thanks,
Asheesh

Asset Accounting - Mid month Convention

Hi,
I have a problem in Asset Accouting for configuring a mid-month convention (and mid-quarter), settings. I activated the use of half-month in my company code (value 15), and defined Calender assignment for my Fiscal year variant, for Period control 03. The depreciation start date is correctly calculated for the tax depreciation area (period control 03). But, for my book and group depreciation area (period control 01 - 1st of acquisition month), the system also calculating 15/mm.
For Book Depreciation area I need to calculate depreciation for the entire period in which Asset is acquired (period Control 01) Currently If I acuire the asset before 15th of month its calculating depreciation for entire month and If I acquire the asset after 15th of month its calculating only for half month.
Is there a way to have mid-month calculation only applying to specific depreciation area ? Did i miss something in the customizing or do I have to change the period control 01 to force the start date at the first of the current month ?
If you require any futher info to provide input on this issue, Please let me know.
Thanks in advance to everyone who could help me.

As long as the depreciation keys are different between the depreciation areas you should be able to have one calculating at mid-month and the other at full month, respectively.
Just a thought: Go into transaction "OAVH" and make sure that the periods are assigned correctly for your Period Control "1". It should have one line item with a "0" in the month and day field and the period field should be 'blank'.
If the Period Control is correct, you should try creating a custom Period Control that defines each period as the last day of the month.
Hope this helps,
Chad

Period Control in Asset accounting

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