What is financial fixed assets ?

Hi Guru,
When mentioning financial fixed assets , what this refer to, what is the difference between it and normal fixed asset. Thanks in advance.

Hi
Assets like Stocks, Bonds etc which have some obligatory(Contractual) claim attached to them comprise what are known as financial assets. Generally, Financial Assets are not tangible and hence, they differ from normal fixed assets in this way
Assign points if the information is useful to you
Regards
Sanil Bhandari

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Oracle Financial- Fixed Asset Module

I have a problem in retiring a particular asset. I can retire the asset succesfully and save it but when I run the depriciation process it gives an error.
The error reads:
the code combination is 300000000. APP-01930 Flexbuilder failed to generate a CCID for row 0 in fdfmap.
the account CCID parameter is 0. Where do I check further. Please help

If you want to add additional cost on exsisting assets, it depends on two situations:
1. Depreciation should be calculated seperately (from new depreciation date) for the additional amount
2. Depreciation should be calculated on the basis of remaining life of exsisting asset.
For the 1st case, Sub Number concept can be used. (Sub asset master creation will be using AS11). In this case main asset number will be same, but sub number will be created. Once its done, acquire assets (through normal procedure)
For the second case, addition is done using normal procedure. But here old asset number needs to be given.

What is Security by FA Book in Fixed Assets Module

Hi,
Could anyone explain the concepts on 'Security by FA Book in Fixed Assets'
In my opinion,,
'Security by Book is the model that allows organization security in Fixed Asset module'.
To achieve this, do we need any setup to do.
Anyone can help me?
I am in the middile of the project.
They have one BG and two operating units, and they want one user should not enter the asset in other operating unit.
Pls help
Srikanth
Edited by: user8691386 on Aug 13, 2009 4:47 PM

Hi Srikanth
Security Book to Restrict Employees to restrict Using of Books. Security Profile Option can be Assigned at User Level or Responsability Level so People can use only respective book.
Regards
Guhanadh
Edited by: Guhanadh on Aug 15, 2009 10:20 AM

Fixed Asset import - Life Parameter

Hi All.
I'm attempting to import legacy fixed assets. In the log file I am getting a Life Parameter error.
Can you please check my logic and / or correct me.
End of Financial Year is 30/06/09 (2009-06-01) . Useful life = 48 months. Depreciation start date = 2009-07-01
I am attempting to upload a remaining life of 47 months
Capitalisation date = 2009-06-01
Depreciation Start Date = 2009-07-01
Remaining Life = 47
Have I got this right? Anyone have any ideas on what could be the issue?
Thanks
Peter

Hi,
The import functionality is mainly designed to import legacy data , meaning that user wants to have start of fiscal year values of a fixed assets with capitalisation-start depreciation date in a year earlier than fiscal year of the import
In your scenario, the Fiscal year of start depreciation is 2009 and you want to import values at start fiscal year of 2009, logically this
means that start depreciation date is not earlier than first day of fiscal year 2009, so the reamining useful life must be equal to total useful life.
For acquisitions in current fiscal year I would recommend to use the module 'adquisition' rather than import
I stronlgly recommend to visit in SAP Channel portal, Business One, SELF-HELP & LIBRARY, Financial Add-ons: There, under root cause , there is one item dedicated to Fixed assets problems and in particular to import processes.
Jose Antonio Castillo
SAP Business One Support Consultant

Fixed asset import

Hi,
I understand the FA import only allow us to import starting from the beginning of the financial year (e.g. Jan 2010).
My question is what about fixed asset purchased after Jan 2010. My customer is going live on 1 Jul 2010. Does it mean they have to key in manually?
For asset purchased before Jan 2010, my depreciation start date should be Jan 2010, and the useful life should be equal to the remaining life. Do I need to date back my accumulated depreciation back to Jan 2010?
Thanks.

There is a SAP note containing a work around whereby assets can be imported for the current financial year, you should find it by searching the self help.
For the system to calculate the correct book value, you should import the original cost and the accumulated depreciation to date

Parallel ledgers and currencies in Fixed Assets

Hi all,
I have a difficult scenario in Fixed asset related to parallel ledgers and parallel currencies. This is the one.
We have
Area 01-1- Loc Cur-L1
Area 06-0- Grp Cur (takes values from 01)
Area 30-3-Loc Cur-L2
Area 31-0-Grp Cur (takes values from 30)
Area 33-6- L1 This area is derived from 30-01
The issue here is that when I post for example a retirement. First with ABAVN values from area 01 are posted to every ledger. If I check the posted document and I have the values of area 01 in local currency column and the values in area 06 and in group currency column. But, when I run ASKBN to post area 33 which is the difference between 30 and 01, the local currency value is correct (30-01) but the group currency amount is not correct. This value in group currency is not 31-06, is the local value multiplied by the Exch Rate at the retirement date.
How to do to have the group currency in a derived area as the difference of the group áreas which are related to the original one (31-06 in my case)?
I hope my question is clear!!
Thanks a lot, Iu2019m complete lost.
Adela.

Dear Adela.
1 - Define Currencied for Leading Ledger Like: Group/Index what ever you want.
SPRO >> Financial Accounting (New) >> Financial Accounting Global Settings (New) >>> Ledger >> Define Currencies of Leading Ledger
2 - Maintain Group Currency in Non Leading Ledgers
SPRO >> SPRO >> Financial Accounting (New) >> Financial Accounting Global Settings (New) >>> Ledger Define and Activate Non-Leading Ledgers
3 - Assign Non Leading Ledger to your Dep Area
SPRO >> Asset Accounting >> Asset Accounting (Lean Implementation) >> Organizational Structures >> Depreciation Areas >> Define How Depreciation Areas Post to General Ledger
Regards,
TML

Doubt on Depreciation in Fixed Assets Module

Dear Members,
When we run depreciation we have an option to select the "Close Period" check box and Oracle Standard user guide says that "Depreciation can be run as many times as needed in the current period as long as it is not closed".
Now when we run depreciation by selecting the check box "Close Period" we can see the amount depreciated for the assets in the period.
Navigation we use to see the amount depreciated for the period is:
Fixed Assets Super User-->Inquiry-->Financial Information-->Books(B)
But if we run the depreciation without selecting the check box "Close Period" we cannot see the amount depreciated for the assets in the period.
Can any one explain us what is the reason?
If user wants to see the depreciation amount for certain assets before closing the period then where he can see the amount?
Thanks in advance for your valuable replies.
Best Regards

Hello,
Steps:
a) Are you querying the Correct Asset?
b) Are you querying the Correct Asset Book?
If you have added a new assets in the same period and run the depreciation without checking the checkbox then the system will calculate the deprecation.
Please reply what is the question you need to ask
What is the actual problem r u facing.
Srikanth

Fixed Assets: Changing Category, Depreciation, life

hi
i have an requirement where we need to change asset category, depreciation method, no depreciation and life(1 month). And want to make total depreciation to zero.
Ex:
Asset#A1 already depreciated some amount.
Original category X and degault rules are set to Depreciable.
Defined to new category Y and associate default rules to all CORP and TAX books to not depreciate.
Changed from category X to Y
Now after reclassification, it is depreciating entire amount of the asset and posting to current open period. As the reclassification does not default the new category depreciation flag, it is depreciating entire fixed asset cost immediately. I didn't run depreciation.
Now how do i change YTD depreciation to zero?
Thanks in advance for all your suggestions.....
Need it immediately.....

Hmm, did you not test this out in a test environment first before doing this in production? Can you be specific on the choices that you made when you changed this asset? Maybe you chose to expense the adjustment in the current period rather than to amortize? Because you originally had it in a depreciable status, then changing it to new financial information, looks like it is choosing to expense the remaining asset cost immediately (which is why you are getting depreciation without having run depreciation). You may need to contact Oracle support at this point to find out how to best recover from this. Though if just one asset, you can just do a journal entry to reverse the depreciation. Then you would want to contact support to find out what is the best way in the future to make this kind of change. The documentation unfortunately does not address the kind of change you were making here. Doe show that it is important to get the depreciation setup correct before activating an asset.
John Dickey

Fix Asset - Write Downs Impairment

FA Experts,
Our company is in the process to book an impairment amount to some of our manufacturing assets. Since this is a procedure rarely use I am not too familiar with the configuration process. We have SAP 7.0 does anyone have any information as to where I can find information as the best SAP practice for Impairment? or can anyone point me to the right direction? I have done some research in the SDN but I am not finding detail information that can help me enough as to what to watch out for and how to configure it, reports available etc.
Your help will be greatly appreciated

Here are the steps I took for impairment, basically SAP does not provide an impairment procedure as there are many ways of doing it. We did a REVALUATION of fix assets using tcode ABAW.
Here are the steps you need to configure:
1) FI     SPRO     IMG > Financial Accounting > Asset Accounting > Integration with General Ledger > Post APC Values Periodically to General Ledger > Specify Document Type for Periodic Posting of Asset Values
2) FI     AFAMP     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Calculation Methods > Maintain Period Control Methods
3) FI     AFAMS     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Calculation Methods > Define Multi-Level Methods
4) FI     AFAMA     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Maintain Depreciation Key
5) FI     AO90     IMG > Financial Accounting > Asset Accounting > Integration with General Ledger > Assign GL accounts
6) FI     OABW     IMG > Financial Accounting > Asset Accounting > Special Valuation > Revaluation of Fixed Assets > Revaluation for Balance Sheet > Determine Depreciation Areas
7) FI     OAYR     IMG > Financial Accounting > Asset Accounting > Organizational Structures > Specify Intervals and Posting Rules
regards,

Fix asset that is not amortized...........

Hi Expert,
As per client requirement, want to amortize the the fix asset. so, we would like to chagne depreciation key with LINR for for depreciation area 21.
You can see in below screenshot:-
But when we tried to change depreciation area, system show the following error log.-
Please request you to please send me the resolution on above regard.
Thanks & Regards
Raj Kumar

Then what is your question about the error message? It tells you exactly what is triggering the error and what to do to move past it. You could also probably search using the exact text of that error message and find the answer. I just searched and found 25 forums posts.
Diagnosis
    You have initiated a recalculation of asset values for fiscal year .
    However, fiscal year is still open is Asset Accounting, but not in
    Financial Accounting.
System Response
    Due to this inconsistency between the General Ledger and the the
    subsidiary ledger, processing is terminated.
Procedure
    Close fiscal year in Asset Accounting as well.

Fixed Asset Data Migration Wizard

Hi All,
I tried to use Fixed Asset Data Migration Wizard to migration my fixed asset data from 8.82 to 9 in the development server. The server only accessible by myself.
When I start the migration run, system prompt me " To Continue with the fixed asset data migration, you must be the only user logged on to this company data".
In fact I'm the only user in the company data and system not allow me to execute the migration.
What are the causes that system recognise there is another user in the system?
Please advise.
Thanks in advance.
Best Regards,
Foong Yee

Hi,
If you're using SQL Server, try Detach (close existing connections) and re-Attach the database again then re-login and try executing again the wizard.
Regards,
Donald

Fixed Asset and Depreciation method in SAP B1 2005B

Hi All,
I want to know what is the method by which we can do depreciation for fixed asset in SAP Business One 2005B.
Looking for a postive response from all.
Regards,
Kawish

Hi Kawish,
The system supports the following forms of depreciation:
u2022Ordinary Depreciation
u2022Unplanned Depreciation
u2022Special Depreciation
And for the depreciation methods:
Straight-line
Immediate writeoff
multilevel method
declining-balance method
special depreciation
You can get more helpful documentations through partner portal:
Solutions-> SAP Business One-> Solution Overview-> Documentation
Resource Center-> SAP Business ONe Add-ons 2005-> Fixed Assets
Regards,
Candice Ren
SAP Business One Forums Team

Fixed asset import problem because of validation

Hi all,
I have a problem caused by the validation of the import tool for fixed asset.
Because the customer is using a depreciation method starting on the first day of the next period I cannot import the remaining life in months properly.
Here are the facts for my example:
- Fiscal year from January to December
- 36 months linear depreciation
- Import done on Jan 1 2009
- Asset bought in March 2008
- Start depreciation in April 2008
As per the validation in the import tool I need to put 26 months remaining but the reality is 27 months remaining.
What can I do to solve this issue?

Hi Michel,
Post the message to SAP Business One Partner Solutions (Add-ons) Forum
Regards
Jambulingam.P

Import fixed asset data, error occur.

Dear all,
I imported fixed asset master data as following:
FA21600111;602;Dell电脑;OPTIPLEX 380DT ;2010-03-26;;;;G300662098;非生产设备;104;;3179;1;3179;100;2010-04-01;60;60;LINP;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
SB1 prompted system message: Import end; Number of successfully imported:0; Number of processed assets:1
and I open the log file, it says:
2010-05-06 12:12:43.420 0 BA ER CBAMasterDataTransfer::CBAMasterDataTransfer Life Parameter: FA21600111;602;Dell电脑;OPTIPLEX 380DT ;2010-03-26;;;;G300662098;非生产设备;104;;3179;1;3179;100;2010-04-01;60;60;LINP;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
what's that means?
and I found that if the asset's Capitalization Date is current year, It can't be imported and show the message in the log file, why?

Hi,
You may check this thread first:
How can we import Fixed asset of the current year ?
Thanks,
Gordon

Import Fixed asset Master Data From Microsoft Excel

Hi
I'm trying to import fixed master data throught .txt file but it shows me the folowing error "The depreciation start date of asset "A2" for depreciation area "COLGAP" cannot be in the import fiscal year"
Where A2 is Fixed Asset Code and COLGAP is "Depreciation Area"
I attach some images with fixed assets setups and data template
Do you have any idea what is the error?
Thank you so much

Hi Deepak
Thanks for your answer. I checked your document and I followed it step by step, but I have another issue when I tried to import. It says "Cannot import "A2"; its active depreciation areas must be the same as those defined in the corresponding asset class"
I attach again the images. Can you tell me what is my problem?
Thank you

What is financial fixed assets ?

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