Unplanned Asset Book Depriciation
Hello
I have posted Unplanned Tax Depriciation . but book depriciation is also posted. and when i try to reverse the unplanned book depriciation through AB08 the system gives a message that no FI document is created but the Entry is already passed in General Ledger So how to reverse this document .. I am using ECC 5.0
Kindly assist me in this Issue ASAP ..
Reagrds
Wasim Juwale
Even if you dont fill the asset book field, it will not impact you adversely.
Also when you provide the Asset clearing/CIP Clearing account, system automatically update the Track as asset checkbox which can be viewed using the Folders>Show Field.
In R12 we have been provided with additional functionality whereby we can provide the asset book and asset category at the invoice level. This functionality was not available in earlier releases i.e. R11i.
Since when you will be running the transfer from AP to FA, system will ask you to provide the asset book against which you want to process the invoices lines.
Even if you provide the asset book at the invoices level and if the same is incorrect i.e. not in sync with the Asset clearing/CIP Clearing account defined at the asset category, your processing of the invoice lines from AP to FA will fail.
You can make the asset book field as Required using Forms personalizations, however that would be applicable for all invoices entered,
However i am not sure how to make this field (Asset book) required in conjunction with the Asset Clearing/CIP Clearing account. That needs to be explored and looked into.
And as per your post, since amyway you have different sites and corresponding asset book against each sites, you can anyway enter the associated asset book in the field and process it accordingly.
Hope this helps.
Thanks and Regards
Manish Jain.
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Asset not depriciated , even though date of capitalization is filled
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=== ODM Solution /Action Plan ===
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RaviAsset Book security by responsibility is possible.
Please review the user guide/white paper.
Here is the note.
Subject: Attaching existing depreciation book to organization hierarchy
Doc ID: 139518.1 Type: BULLETIN
Modified Date: 22-OCT-2008 Status: PUBLISHED
This article is being delivered in Draft form and may contain
errors. Please use the MetaLink "Feedback" button to advise
Oracle of any issues related to this article.
Purpose
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This can useful mainly for customers after upgrade to 11i.
Prerequisites
Following steps assume an Asset Organization is already defined.
Step by step instructions
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Hello
We use Asset Clearing ang CIP Clearing Account everytime we record a purchase of an asset in PAYABLES MODULE...and also we fill in the ASSET BOOK field so that after run processes, it would go to its assigned asset book in our ASSET MODULE.
Can I set a security wherein the OFIN would not allow to save the entry for Asset Clearing and CIP Clearing unless the asset book field is filled out?
thanks a lot!
JannaEven if you dont fill the asset book field, it will not impact you adversely.
Also when you provide the Asset clearing/CIP Clearing account, system automatically update the Track as asset checkbox which can be viewed using the Folders>Show Field.
In R12 we have been provided with additional functionality whereby we can provide the asset book and asset category at the invoice level. This functionality was not available in earlier releases i.e. R11i.
Since when you will be running the transfer from AP to FA, system will ask you to provide the asset book against which you want to process the invoices lines.
Even if you provide the asset book at the invoices level and if the same is incorrect i.e. not in sync with the Asset clearing/CIP Clearing account defined at the asset category, your processing of the invoice lines from AP to FA will fail.
You can make the asset book field as Required using Forms personalizations, however that would be applicable for all invoices entered,
However i am not sure how to make this field (Asset book) required in conjunction with the Asset Clearing/CIP Clearing account. That needs to be explored and looked into.
And as per your post, since amyway you have different sites and corresponding asset book against each sites, you can anyway enter the associated asset book in the field and process it accordingly.
Hope this helps.
Thanks and Regards
Manish Jain. -
Hello
I have 2 asset Books.. Book A and Book B. I created an Asset Category and assigned the 2 Books in it using different asset clearing accounts.
I entered invoices in AP and assigned book to respective invoices. Both book A and book B has a potential asset accounts that will be transferred to FA.
First i ran Mass Additions for Book A. It's a success, the potential assets for Book A transferred to FA.
But when I ran Mass Additions for Book B, it no longer transfer potential asset for Book B to FA. :-(
Why is this so?
Can somebody tell me how to fix this issue?
thanks a lot
emgeeHi,
please answer these to questions to better understand your issue:
1- Is each of you asset book is under a different ledgers?
2- If your answer Yes to Q.1; Are you using security by book functionality?
3- When you enter invoice in AP do you select the correspondent asset book on the invoice line?
Regards,
Mohamed Badry -
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Hi Experts,
We have purchased a machinery. I want to know what would be the correct procedure to book the machinery from the following or any other and why it would be correct??????
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Hope this below query may help u
you can get all the amounts by passing asset id , from_date and to_date
SELECT far.cost_retired,
far.nbv_retired,
far.proceeds_of_sale,
far.gain_loss_amount
FROM fa_retirements far, fa_transaction_headers fah
WHERE 1 = 1
AND far.asset_id = p_asset_id
AND far.book_type_code = p_corp_book
AND to_char(fah.date_effective, 'DD/MM/RRRR') >= p_from_date
AND to_char(fah.date_effective, 'DD/MM/RRRR') <= p_to_date
AND far.status = 'PROCESSED'
AND fah.transaction_key = 'R'
AND far.asset_id = fah.asset_id
AND far.book_type_code = fah.book_type_code
AND far.transaction_header_id_in = fah.transaction_header_id
AND far.transaction_header_id_in =
(SELECT MAX (far1.transaction_header_id_in)
FROM fa_retirements far1, fa_transaction_headers fah1
WHERE far1.asset_id = far.asset_id
AND to_char(fah1.date_effective, 'DD/MM/RRRR') >= p_from_date
AND to_char(fah1.date_effective, 'DD/MM/RRRR') <= p_to_date
AND far1.book_type_code = far.book_type_code
AND far1.status = 'PROCESSED'
AND far1.asset_id = fah1.asset_id
AND far1.book_type_code = fah1.book_type_code
AND fah1.transaction_key = 'R'
AND far1.transaction_header_id_in = fah1.transaction_header_id);
Please let me know if u need any help
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Prasanna -
Hi All,
Our implemetation has 9 instances (9 BGs) in 9 countries, I've created one asset book in each country,
the problem is system shows all the asset books in the list of values from any asset responsibility when adding assets or running depreciation.
That's why I need to secure the asset books, to assign one for each country.
Best Regards,Hi,
Follow the below steps for set security by book in FA:
1. Create Organizations with the classification as Asset Organization. You can create new organization or assign the classification to exisiting organizations. For the Asset Organisation, provide the Asset Book in the "Other" information. Here you should attach the asset book to which the organization has access.
Navigation: Setup->Security->Organization->Description
2. Create Organization Hierarchy - Start from Top to bottom. All Asset organizations, which do not have access to each other's FA Books, should be created at same level.
Navigation: Setup->Security->Organization->Hierarchy
3. Create Security Profiles - you have to create security profiles according to the number of responsbilities or asset organization. In the Security Profiles, select only those asset organizations, to which you want the users to have access.
Navigation: Setup->Security->Security
4. Run Security List Maintenance Program for security profiles
5. Attach the Security Profiles in Profile Option FA: Security Profile at the Responsibility Level
DONE!!!!
Gajendra -
Asset value for Calculation of Tax Depreciation
We have been told that many of the assets created as of 1/1/2008 have a different (lower) tax value than their beginning book value. Book value is correct for standard book depreciation. Is there a process to update the tax value of assets created in SAP similar to the transaction AS92 used to update values for Converted Assets?
It was suggested that we use the method of Unplanned Depreciation tcode ABAA with TTY 642/652 to change the tax value of the asset. When I tested this I found the various tax depreciation methods were calculated based on the beginning book value for year 1 and not using taking the special depreciation into consideration until subsequent years. This is using Depreciation Area 10, MACRS, Dep. Key M200.
Is there a better method of altering asset book value for tax purposes or a better way to alter the tax depreciation calculation so it takes Unplanned Depreciation into consideration during year 1?
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Beg. BV $1,000
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tax depreciation for year 1 $100
tax depreciation for years 2-10 $88.88
The preferred depreciation is $90 years 1 - 10.
Thanks for your assistance,
JeffI think I had the cart before the horse on this problem. The correct way to look at this is what is the best way to get the correct "Net Book Value" and not the correct tax depreciation posting as it never actually gets booked.
By knowing the incorrect Beginning BV, the rate depreciation is applied in year 1 and finally the desired Net BV value at the end of year 1 for tax purposes I am able to calculate the correct Unplanned Depreciation for tax to make everything work out correctly.
correct beginning tax BV $1,200
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Net BV for tax at end of Yr1 $960 ; or 1,200 - (1,200*.2)
With the know values above that makes my unplanned depreciation for Yr 1 to be $480. Year 1 and all following years depreciate correctly after the Unplanned Depreciation is posted.
I am marking this as resolved unless someone sees an error in my thinking.
Thanks,
Jeff -
Hi,
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