Relating to asset account

Hi Gurus
currently i am in Construction project implementation.
here my requirement in asset accounting is as fallows
i have an asset thats purchased from out side finance.here the points?
1)monthly installment payment to vendors?
2)interest posting at site level for that asset?
3)depreciation at the plat level for use of the asset?
how i can develop this requirement in sap?

aaaa

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Relating to asset accounting

1)awaited capitalization
2)asset disposal
3)asse revaluation
what are the exact differences between these three

Hi,
not sure what you mean by "awaited" capitalization. The capitalization date is typically the date when you take over the asset into your ledger. You would start the first depreciation period from this date.
Asset disposal: this would be the date when you get rid of the asset. This could be sale or scrap.
Asset revaluation: Take Mexico as example, this is a high-inflation country. An asset that was bought for 5.000 might cost 7.000 by the end of the year. The revaluate their assets regularly in order to reflect the impact of inflation. The idea is to write up the asset value towards a reasonable replacement value under inflationary circumstance.
Hope this helps.
Kind regards,
Rudolf

New Blogs: Asset Accounting and Project Systems

There are two new blogs out this month in the ERP space.
Dominic Nadeau has blogged about a useful tcode in PS to track changes to a project.
/people/dominic.nadeau/blog/2008/06/09/fields-in-problem-in-a-project
I've written a blog on the Schedule Manager Monitor. I've given an example related to Asset Accounting but it works for most all areas in FI/CO.
/people/nathan.genez/blog/2008/06/17/gaining-more-insight-into-fixed-asset-job-monitoring
-nathan

When you create the WBS in will create from there an AUC. In the auc in the tab origin you see the project number.
When you settle it from the AUC (in PS) to the final asset you found the AUC number back in the asset tab origin. You can click to on the posting on the asset

About asset accounting

i m working on asset report development ,and i m stuck on one point,any body plz tell me teh relation between asset accounting with internal order ,purchase order and GRR no.

Hi,
typical process would be an
internal order
purchase order (with IO assignment)
place order
receive goods (GRIR)
create AUC (WIP assets)
settle IO to AUC (KO88 or KO8G)
complete AUC purchase
settle AUC to Asset (AIBU/AIAB)
post depreciation
Rgds.

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.

Depreciation Expense For Related Project Assets

Dear All,
I have a question, Please help.
How can I post depreciation expense from Oracle Asset to Oracle Project Costing for assets that working and assigned to Projects like equipments and Cars that assigned to project..... and we want to post their deprecation expense as burden in oracle project costing ????
++Please find the below my search conclusion in past few days.++
1- Oracle Say that "There is currently no interface between Oracle Assets and Oracle Projects which allows you to post depreciation expenses directly to projects."
2- I have non-complete idea: I have a project Segment in AFF so I can Post depreciation expense for related project assets to GL directly, with Project segment value and create Expenditure Batch in Oracle costing to manually enter depreciation expense as lump-sum in Oracle costing but it is not preferred to create Entries in Subledger Accounting and not send it to GL so my question in this work-around, Can I Create Expenditure Batch and only create Distributions 'PRC: Distribute Labor Costs' ???
And don't create rest steps "PRC: Generate Cost Accounting Events,PRC: Create Accounting, PRC: Transfer Journal Entries to GL"
Please suggest best solution or help me in my work-around, its urgent
Thanks in Advance
I Orouk

Kindly find the below case as example ---
There are 5 equipment like trucks and cars that working in project X100 so I want to show depreciation expense for the mentioned assets as Burden on the X100 Project in Oracle Project Costing Module..
Please Consider the below focal points:
1- Regarding Oracle Assets business Cycles. Oracle Assets send depreciation expense to GL directly and there is no any impact in Oracle Project Costing about Depreciation expense(for Project related assets )
2- Project X100
Project Cost = 10000 $
Depreciation Expense for the 5 equipment (Project related assets) = 1000 $
Real Project cost = Project Cost 10000 + Depreciation Expense for the 5 equipment 1000 = 11000 $
I want to show Real Project cost in Costing Module so I have to record Assets Depreciation Expense for the Project related assets in Oracle Project Costing .... Can you help me about what the best way to record Assets Depreciation Expense for the Project related assets in Oracle Project Costing and please review my suggestion about expenditure batch in 1st post
Thanks in Advance
Iorouk
Edited by: user12255659 on Jan 23, 2012 12:56 PM

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

Profit Center Derivation : Asset Accounting (New General Ledger) ?

I have configured & activated new GL Accounting in my system (ECC 6.0). All my splitting & derivation is working except for transactions related to assets. Whenever I try to do a posting against asset, I get following generic error.
Balancing field "Profit Center" in line item 001 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 001, even after document splitting.
System Response
The document cannot be posted.
Procedure
First check your entries.
Additional causes could be:
No value can be derived for this field from the current document data.
You have entered a document type that is not designed for this business purpose.
I have done & checked the following :
1. given cost center in asset master which derives the business area. the profit center is given in the cost center master
2. checked the field status group for the asset recon. a/c, posting keys 70, 75 where PC is optional.
3. Confirmed that doc type AA and asset recon ac are characterised for splitting.
I am clueless why is the asset not taking the profit center during transactions.
any welcome would be deeply appreciated. ?
pls answer ??
Moderator: Please, search SDN

Hi, you need to activate cost center in AA,and make it optional for account and posting key, then PC'd derive from Cost center
Also check While posting F-90 profitcenter is blank and Grey mode
Edited by: alex ice on May 23, 2011 8:28 AM

SAP BI Asset Accounting Procedure

Hi All
What is the procedure to integrate 0FI_GL_4 into Asset Accounting in SAP BI 7.0
Thanks and Best Regards
Subin K

Hii
i would like to know when u last run ur depreciation run.
i mean u r trying to run for year 2006 right. but right now system is in 2008.
so it may be issue related to closing and opening of a fiscal year.
try once closing the year end 2006
now open fiscal year 2008 and than
reopen the closed fiscal year 2006 and than proceed for the depreciation run.
the reason is as per the fucntionality it will allow u to keep open 2 fiscal year at a time but
than u need to close the last year and enter into new fiscal year and match the fiscal year of asset accounting and system date..
i think it will helps u to run the depreciation run.
Thanks
sejal

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

Clarifications in Asset Accounting

Dear Experts,
Please clarify below questions.
1) What is the difference between Depreciation Area and Depreciation Key?
2) What is the importance of Recalculate value button in Asset Accounting?
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I
can see the other depreciation values? If we cant see for which purpose we are using other
depreciation areas?
5) Vendor and Customer balances get update regularly or once in a month or year?
6) Where we have to create number ranges either in Production or Development Environment?
7) How can we transfer GLs from one environment to another?
Full points will be assigned as way of thanks
Regards,
Vineela

Hi Krishna,
Thanks for your reply,But still I need some more clarifications please respond........
2) What is the importance of Recalculate value button in Asset Accounting?-
(A)recalculates depr when asset parameters are changed
Where it will be there as it(recalculate button) is not there in AFAB
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
(A)select those 200 and run depreciation
Here Assets Selection option is there only in test run not there in update run.
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I can see the other depreciation values? If we cant see for which purpose we are using other depreciation areas? (A)use AW01N- you cans ee all dep areas
In AW01N only book depreciation values is displayed,how can I see other depreciation area values
Regards
Vineela
Edited by: Vineela Siri on Apr 9, 2008 7:22 AM

Re - Process asset accounting year end process

Hi,
Case- XYZ company is already on K4 fiscal year variant, they want to switch from K4 (calendar year) to V3 (Non- calendar year). Standard SAP process is to create shortened fiscal year for 3 months. But this is only allowed if no entries posted in new fiscal year. This XYZ company is already in the month of Feb. How can we manage this situation in SAP. Asset accounting is implemented in the system. Planned depreciation has already been calculated for 12 months, how can we rewrite planed depreciation? and depreciation has been posted for one Jan 2011.
Plan 1- Keep K4 variant as it is and control this with the help of OB52 to restrict posting. This will allow them to run their day to day process with out any errors in fiscal year 2011
Plan 2 - Maintain K4 as shortened fiscal year and update table T093C to allow system to identify that this 2011 fiscal year is shortened fiscal year. but in both cases question remains what to do with planned depreciation of remaining 9 months?
Waiting for your feed back.
Thanks and Regards,
Sany..

Hi
The system will show you the list of Assets which are incomplete.
I think for the incomplete asset you have not assign the group asset.
Hence in AS02 transaction enter one by one the incomplete assets and complete the same. then run the AJAB transaction which will allow you to close the asset year.
if the answer is helpful kindly assign points
Thanks & Regards
Mahesh

FICO: Asset Accounting : Retirement

Dear Friends,
Can someone share the asset disposal posting for the below scenarios.
1 . Asset disposal end of its life with customer with gain or loss
2 . Asset disposal mid of its life with customer with gain or loss
3 . Asset disposal end of its life without customer with gain or loss
4 . Asset disposal mid of its life without customer with gain or loss
Thanks,
Regards,
Perumal
help.sap.com

Hi,
Welcome you post on the forum.
However this forum is not a proper one for you. You need to post on the [ERP Financials - Asset Accounting|SAP ERP Financials - Asset Accounting; forum.
Please close this one.
Thanks,
Gordon

Error - Asset Accounting

Hi All,
I have an Issue in Asset Accounting.Details are mentioned bellow. Pls help me with your advices to resolve this.
Fiscal year assigned for our Company Code is Z1 and it starts from April 2007 till March 2008. We have run the depreciation for 8 periods (i.e., from April 2007 to Dec 2007). After posting the depreciation for December 2008, Management has decided to change the fiscal year to April 2007 to Dec 2007. So that we will have the Calendar year as the Fiscal year from 2008 (jan 2008 to Dec 2008). So that i have change the posting periods by shortened the fiscal year.
As System calculates the depreciation for 12 months and it distributes into 12 periods in that year, postings are done for the first 9 months (Apr 2007 to Dec 2007). And there is balance of 3 months depreciation not posted in the system according to the system initial calculation. So while running the depreciation for 1st Posting Period of 2008 (jan 2008) system has shown error. And so that i have test run the depreciation (AFAB) for the December 2007 with selection of Repeat Run. Results of the test run shows as Amount Posted in Dec 2003 is with correct figures and amount to be posted is with the amount of the 3 months depreciation. So system is expected to post the 3 months Depreciation. Only then we could able to run the depreciation for January 2008.
But we are not required to post those 3 months depreciation in Dec 2007 as that is the last posting period in 2007 and we have already posted the depreciation for this month.
Pls help me to provide the solution to change the amounts which are shown in Amount to be posted column if i repeat run for Dec 2007.
Thanks in advance
Regards
Rao

Check whether you haev made the settings in the following path.
SPRO-Asset Accounting-Integration with the General Ledger-Valuation-Fiscal Year-Fiscal Year Variants-Specify Other Versions on Company Code Level
and
SPRO-Asset Accounting-Integration with the General Ledger-Valuation-Fiscal Year-Fiscal Year Variants-Shortened Fiscal Years-Define Reduction Rules for Shortened Fiscal Years

FICO : Asset Accounting - Depreciation Run Issue

Dear Friends,
I have an issue in asset accounting.
Let me explain the actual background of this issue.
1. I created a new company code(2000) by copying the existing one(1000 along with the closed year 2009
2. After that when i was trying to post acquisition for an asset i got the below error
You cannot post to asset in company code 2000 fiscal year 2011
3. Then i closed the year 2010 and opened 2011, it allowed me to post in the month of june
4. Now i am trying to run the depreciation for june, its giving the below error.
According to posting cycle, you should post period 001 next
5. What could be the reason for this error , is it the correct procedure what i am doing it now?
Please help if someone has an idea about that
Thanks ,
Perumal.

Hi,
You can get the solution if you double click the error message.
Please note that depreciation of current month can only be posted if the depreciation dycles till the previous month is completed. Coming to your case, you have opened the year 2011 and trying to post depreciation for period 6. You need to run the depreciation cycles from period 1 to 5 before trying to post for period 6.
Regards,
Kiron Kumar T.

Relating to asset account

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