Reclassification of asset

Hi
experts
The user wants to transfer an asset from one asset class to another asset class.
A depreciation expense of the new asset class is assigned to another account
determination. The user wants to transfer APC, accumulated depreciation, and
depreciation expenses to G/L accounts that are assigned to the new asset class.
Transaction code ABUMN has fields for ACP and accumulated depreciation.
The user is wondering how depreciation expenses will be transferred from the
old accounts to the new account.
Please guide me on this issue.
Please reply in step by step..how to solve the issue
Thanks in advacne

Hi,
If the capitalisation was done to asset, which is created in wrong asset class, just create the new asset in correct asset class and transafer the old asset to new asset by ABUMN, using posting date/asset value date as same as your wrong asset's capitalisation date. So automatically system will transfer the APC Values and Accum Dep from Old asset to new asset.
Basically there is no transfer of Dep Expenses to new asset at all. As i told above, if you transfer the asset on the same day of capitalisation, there is no point of dep exp even in sending asset also.
In case if you are not able to transfer on the same date of capitalsiation, the dep expense value wont be transfered to receiving asset.
Regards,
Srinu

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I need small help in resolving one issue:
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Hi Guru's
Situation is like this:
Project System captures the cost through WBS. This cost is then transferred to AUCs. Based on the settlement profile this cost will settle to final asset. When the cost is settled following problems are occurring:
Depreciation is wrongly calculated for few assets.
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Tax DDA calculations are wrong.
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Useful life gets changed as well for few assets.
asset reclassification: from tangibles to intangibles and vice versa
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What should be the drilldown approach as to verify that these are the real problem in fact?
What figures should be studied in detail.
Is there a way a report or InfoCube can be made so that minutest detail can be obtained?
In a sense that all above problems are easy to locate in report/InfoCube.
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Hi,
We are implementing FA (on 11i release) in an organization. This organization is divided on 20 cost centers.
The requirement is that each cost center have its own balance sheet.
Related to FA, I need Asset cost account and Asset expense account to be detailed also on CC level. There are 4 types of assets (which are registered in 4 different natural accounts)
I have implemented by:
Create one book for all the organization.
Create one category for each type of asset and each CC (in total 80 categories).
So the registration of "asset cost" account on asset categories window looks:
Assets belonging for the first cost center:
01-CC1-1111-00
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Hi
You need to perform mass reclassifications for the same which is done at the book level.
In the Asset to reclass section you will populate the details of the asset numbers and the existing category information
In the Reclass section provide the details of the future category information.
Thereafter click on the preview button to preview the selection of assets found eligible for reclassification based on the input criteria entered, once you are satisfied with the output, run the mass reclassification program to bring the category transfer in effect.
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Requirement:
Where two accounts net to either an asset or a liability, then the accounts that show the opposite sign to the net result must be reclassified to asset or liability.
Example:
Load from Data Stream:
Acct 1000 (asset) = +$1000
Acct 2000 (liability) = -$500
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and vice versa
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Allocation functionality contains a few options but I can't see any that would succeed:
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Thansk Marsy, here it is here:
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I hadn't realised (due to not having used it before) that once selected, the condition selections can be independent of the trigger selections.
Looks like this should give me what I need:
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Example 2
Load from Data Stream:
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Acct 2000 (liability) = -$1500
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Condition = Acct 1000+2000 >0
Source = Acct 2000
Target = Acct 1000
BCS reclassification setup (step 2 - net result is a liability)
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Condition = Acct 1000+2000 <0
Source = Acct 1000
Target = Acct 2000
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Acct 1000 (asset) = +$500
Acct 2000 (liability) = $0
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BCS data after reclassification - example 2:
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hi
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Asset#A1 already depreciated some amount.
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=====================================================================================================
Error msg, "Maximum selection does not contain value 9999999999 of subassignment HFM CD2 & Asset Type "
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Also, In the method defined for RECLASSIFICATION in workbench, in the TARGET parameters, the" HFM CD2 and Asset Type" is blank but the "DEFAULT is TICKED" which makes it a mandatory derivation rule.
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Your replies on it are highly appreciated.
Thanks and Regards,
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Edited by: Anka on Mar 10, 2010 12:51 PM
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