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Asset Revaluation both Commercial & Tax Purpose via AR29N

November 29, 2015, 11:19 pm
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Hi there,

 

Our organisation is going to implement asset revaluation both commercial and for tax purposes via AR29N. What we have configured are described below :

 

1. OABW

     Tick both book depreciation and tax balance sheet

          OABW.png

2.  AO90

     Account assignment for revaluation account assignment and account assignment for revaluation on depreciation

3.  OAYR

     Tick post revaluation

4.  AUFW

     Create revaluation measurement

5.  AFAMS

     Change base value to 24

     AFAMS.png

We then test the asset revaluation using AR29N with these parameters:

Current Net book value asset :          2.450.023.285

Asset value after new valuation :      3.700.000.000

Gain (Loss) :                                          1.249.976.715


On commercial side (the book depreciation), the output has been passed as below print screen :AR29N.png

AW01N for commercial side display as below print screen:

AW01N.jpg


However, the output for the tax purpose, (tax balance sheet) the revaluation ord.dep. did not appear, therefore the gain loss revaluation value was incorrect. Below is print screen AW01N for tax purpose.

AW01N Tax Purpose.jpg

Furthermore, the Asset Net Book Value become to high as the revaluation ord depr. was not properly calculated.



Below is the calculation used for Dep key fiskal (tax balance sheet)

AW01N Tax Calculation.png

 

 

Does anyone have any experience in asset revaluation on both commercial and tax purpose?

Is there any missed configuration in order the revaluation value on tax purpose accordance to its commercial ?

 

Any help will be greatly appreciated.

Thanks

 

 

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FEBAN is displaying in different

January 2, 2016, 2:23 am
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Hi

 

 

i am finding different screens in FEBAN.  Kindly see the attachment of FEBAN new and old.  How to bring back to FEBAN old screen.

 

where do we use FEBAN new attachment screen.

 

 

Kindly give some light on this.

 

 

Thanks and Regards

Krishna

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Period control for retirement

January 3, 2016, 8:20 am
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Hi All,

 

We have a SLM dep key with period control 01 set for retirements.

Now when we try to retire the asset on the last day of the month the asset was depreciated 100%, the last month's depreciation is being reversed and posted as loss.


This is strange  as we would expect with period control 01 and the retirement value date as the last date of any given month, system should consider that month's depreciation ( or pro rate). If I give the next month's date as the value date the result is fine. So there seems to be an with period control method 01.


Please note we have posted last month's dep and did not set 'dep to the day' in the key.


The only other thing I would like to add is the base value in the Multi level methid is set as 027 and 024, not sure if this makes any difference.


Could anyone please guide me what else should I be checking or what is missing?


Thanks in advance,

Vamsi

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Asset Revaluation: depreciation getting posted double

August 2, 2013, 9:46 pm
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Dear All,

 

I am trying to post revaluation entry but system post depreciation to both depreciation area 01-Book Dep Area, 20- Revaluation Dep Area.

 

 

Revaluation of asset on 1st April, 2011  by  ₹ 1,000

 

(Dep Area 20)                                                                                                                     1

    Entry for Revaluation
Asset   A/c   (at Gross Block) Dr.         1000
       To  Revaluation Reserve  A/c                                 Cr.                    1000
  
(Dep Area 20 & 01)                                                                                                             2   Entry for Depreciation
Depreciation  A/c Dr.         500
Revaluation Reserve A/c Dr.        250
       To  Accumulated Depreciation   A/c                     Cr.                    750

 

 

Second entry may be split as well (both way it will do)

(dep area 01)

Depreciation A/c Dr. 500

    to Accumulated Depreciation     500  

 

(dep area 20)

Revaluation Reserve A/c Dr. 250

   to Accumulated Depreciation     250

 

 

But system posting as much depreciation in 20 (750) as in dep area 01-Bokk Depreciation). I want to post depreciation revalued value only in dep area 20.

 

Please help in reaching this solution.

 

Best Regards

Ruksana Khan

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How to become zero to Initial Upload A/c (Legacy data Offsetting Account) in Asset Accounting-OASV

January 3, 2016, 6:40 pm
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Hello Expert,


I have clarification about how to setting off the Legacy balance account become zero value.


Lets say a example:


1.  Legacy Asset uploading through AS91 – Plant & Machinery


      Take over values – 5,00,000/-

           Acc Ord Depreciation – 1,00,000/-

           Net Book Value – 4,00,000/-


2.  Next move to bring these amount into G/L Account – OASV


      Plant & Machinery A/c Dr - 5,00,000.00

           Acc Ord Dep Cr - 1,00,000.00

             Initial Upload A/c (Legacy data Offsetting Account) – 4,00,000.00


3. Next offsetting the G/L Account – OASV


     Initial Upload A/c (Legacy data Offsetting Account) Dr – 4,00,000.00

           Plant & Machinery A/c Cr - 4,00,000.00


 
  Please assist me whethere am going correct path, if wrong means please correct me.

 

Thanks in advance !!!


Thanks & Regards,

Kuha


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Depreciation Expense for Estimated Future Capex

January 4, 2016, 1:32 am
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Dear Experts,

 

Our compay has a requirement where the current UOP(Unit Of Production) depreciation method needs to be changed in line with IFRS accounting. Where the Estimated Future Capex for oil ( in order to extract the estimated reserves) must be included in the calculation of the UOP depreciation to be charged.

 

In the current actual method, we depreciate the oil asset on the following basis:

Depreciation Expense = Net book value * Units produced in the period / reserves

 

The new method would be as follows:

Depreciation Expense = (Net book value + Estimated Future Capex) * Units produced in the period /Estimated Total Reserves.

The  Estimated Future Capex will not be shown in the books of accounts only for the purpose of depreciation calculation.


How to perform this calculation in SAP.

 

 

Thank you

LIN

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Can't Run AFAB - Posting run requested for future period

February 16, 2011, 7:05 pm
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Hi,

While taking depreciation run for company code in AFAB system is generating the error message "Posting run for future period requested (check entry)" SAP error AA697

 

 

Diagnosis

There was a check of your entries in the company code and posting period fields for the current system date. The result of this check is that you requested a posting run for company code xxxx for a future fiscal period.

 

Please help me, cause I must close the period.

 

Thanks

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Error during asset transfer

January 3, 2016, 9:45 pm
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Error occurred during asset transfer ABUMN

 

user posted down payment in USD currency

 

and posted invoice with reference to the down payment

 

while transferring the asset from CWIP to Main asset through tcode ABUMN system showing below error.

 

Depreciation areas configured in client as below.

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Partial paralysisof an depreciation area

January 4, 2016, 6:28 am
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Hello,

 

You can paralyze a depreciation area partially?

Other than through depreciation keys.

 

Example: I want to paralyze an active day 01/12/2015 until 12/15/2015, so it will depreciate only half of the planned amount.

 

HELP ME

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Italy 2016 - Special Asset Tax Depreciation at 140%.

January 4, 2016, 9:07 am
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Hi, everybody,

 

according to the recent Italian 2016 Budget Law, Italian companies will benefit from an increased depreciation of 140% for machinery and equipment, such as computers, if they were bought between October 15th,2015 and December 31st, 2016.

 

 

In Italy this procedure is known as 'Super Ammortamento al 140%'.

 

 

I would like to know if SAP is working at a specific localization for this new legal requirement or is there a customizing solution already released and ready to use or to be implemented to deal with this issue.

 

I was told to consider the Depreciation Type (TC: AFAMA) special tax depreciation (ammortamento anticipato). Is this a possibile path? How?

 

Thank you for your help.

Regards,

S.

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Assets Impairment vs Unplanned depreciation

December 29, 2015, 7:37 am
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Dear Experts,

 

Can you please suggest which is the best approach to impair the assets

 

What are pros & cons of implementing Std Impairment (ABAW) over unplanned depreciation ( ABAA)

 

Scenarios - Partial impairment ( curr year & prior year) , Full impairment ( curr year & prior year)

 

 

Thanks

Sanjai


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Asset photo report

December 29, 2015, 8:10 pm
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Hi

We have few fixed assets which has been uploaded with photos under attachments attached in the PDF format. I want to know for which asset is updated with a photo and which asset is not updated with a photo. I dont want to see the photo which is uploaded. I just want to see whether its got a photo or not. Is there a standard report to check this requirement

 

 

Thanks

Arith

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Issues in config of new asset accounting

April 10, 2015, 3:09 am
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Hi,

 

I'm currently setting up the new asset accounting config.

 

I have activated the relevant Business function and set the new asset accounting to in preparation.

 

I have changed the deprecation area ledger assignment for most depreciation plans. But there are 1 or 2 which I cannot Change due to the error message ACC_AA116 - "Parallel crcy area (crcy type 31) missing for area 01 ch. of deprec. GB".

I checked everything and compared the depreciation plan and the relevant Company codes to similar dep. plans and Company codes but can't find any difference.

 

What can I do? Please advise.

 

Thanks

Exberliner

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Fiscal Year change while doing AJRW 2015

May 9, 2015, 2:12 am
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Hi SAP Expert,

 

while doing AR01 getting Error for Fiscal year Change goes to new Fiscal Year Change if i give new Fiscal Year 2015 getting Error

see the Screen show Below

 

 

 

 

when i Check thru Table as well T.Code to Closed Fiscal year Showing 2010, when i m going to close the Fiscal Year 2011 no Error again i go for Fiscal year closed for 2012, getting error , first close the fiscal Year 2011. ryt now in current DEV system OAAQ : 2010 and Current Fiscal Year 2014.

 

kindly suggest wht should i do in this case.

 

Thanks in Advance.

 

Kind regards

Pranav .

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Fixed Assets:- Base Value issue

January 4, 2016, 10:12 pm
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Hello Experts,

 

Need your Expertise on the below Business requirement.

 

Leading Ledger FY ( April to March)

 

Business using Fixed Assets from 2009 and depreciating the fixed assets based on %, but from 01.01.2015 business want the depreciation to be calculated on Useful life basis. Now due to system componentization issue they are going to scrap all assets and load the assets again  as on 31.12.2014. So we suggested to upload new assets as Legacy assets with APC and Accumulated depreciation( which is calculated based on %).

 

Now the requirement is system should take value as 31.12.2014 as base value for calculating depreciation.

 

For Example :-

 

Assets:-XXXXXXX

Useful Ife :- 8 Years

Expired "- 5 Years 96 days ( as on 31.12.2014)

Capitalization date:- 28.09.2009

Ord Depreciation start date :-01.01.2015 ( to meet requirement )

 

Cumulative Acq.:-   4,946,572.00

Acc Ord. Dep:-     1,294,070.00

 

NBV as on 31.12.2014(9 Period) :- 3,652,502.00

 

Depreciation for Jan to March ( Based on useful life) :- 329054.23 ( Base value for calculating depreciation 3,652,502.00)

 

Depreciation from April to December:- 1437620 ( Base Value is 3652502-329054.23=323447.77)

 

Which is not Business Requirement.

 

Could you please help to get below result depreciation Expected from April to December 1005443.49( Base Value 3652502).

 

BR

Jay

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Is OBYA settings valid for ABT1N?

January 6, 2016, 3:33 am
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When we execute ABT1N with variant 7 - Gross Variant (affiliated company) it is not resulting in posting to Cross-Company clearing accounts (from OBYA). Instead it is posting to AO90 Accounts (i.e. Clear- rev sale to affiliated company and Acquisition from affiliated company).

 

Which of the following is true: -

 

1.ABT1N is not designed to carry out cross company clearing account posting (from OBYA settings)? It can take clearing accounts from AO90 only.
      OR

2.ABT1N is designed to carry out cross-company clearing - however I am missing something in configuration?

 

If point 2 is true I will continue my search for correct configuration. If point 1 is true then I will live with AO90 settings.

 

Need expert comments.

 

Deepak

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AJAB Error AU070

January 6, 2016, 3:37 am
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Hi Friends,

 

When we are trying to close the asset fiscal year 2014 using AJAB we are getting error "Asset XXXX - depreciation not posted properly".

 

However, the asset XXXX does not exist in the system now. May be someone deleted it. However, there are values for the asset in table ANLC for year 2014.

 

We need to urgently solve this as without closing 2014 we cannot open 2016 in AA.

 

The client is not ready to do any postings in 2014 as the accounts are already audited.

 

Even if he becomes willing, the asset itself does not exist in the system.

 

Thanks & Regards,

Sameer

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Depreciation calculation after change of useful life

July 29, 2013, 2:32 am
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I acquired an asset on 01.06.2012 for $841,259.35. The useful life for the asset is 15 years. The depreciation will be calculated to the exact day.

In March 2013, I changed the useful life of the asset to 10 years.

 

I would like the asset to recalculate its depreciation from the depreciation start date (01.06.2012) when I change the asset useful life? I do not want the system to calculate as NBV/Remaining Useful Life.

 

With useful life = 15 years

Depreciation on 2012 = $32,792.26

 

If the useful life is 10 years in the beginning.

Depreciation on 2012 would be 841,259.35/10 x 214/366 = $49,188.39

Depreciation per year would be $84,125.94

 

Therefore, when I change the asset useful life in March 2013, the depreciation for 2013 should be:

49,188.39 - 32,792.26 + 84,125.94 = $100,522.06

 

If I change the useful life in March 2013, all the adjustments should be posted in March.

March 2013 depreciation should be $28,072.88 which is the summation of the differences of depreciation from June 2012-Feb 2013 and the actual March 2013 depreciation. I have worked it out as below:

 

 

PeriodSAP PostingSAP Calc. Supposed CalculationRequired depr in SAPDifference
Useful LifeStatus15 Years (A)10 Years (B)after change(B) - (A)
Jun-12Posted4,597.056,895.57
        2,298.52
Jul-12Posted4,750.287,125.42
        2,375.14
Aug-12Posted4,750.287,125.42
        2,375.14
Sep-12Posted4,597.046,895.57
        2,298.53
Oct-12Posted4,750.287,125.42
        2,375.14
Nov-12Posted4,597.056,895.57
        2,298.52
Dec-12Posted4,750.287,125.42
        2,375.14
Y2012 Depr32,792.2649,188.39
      16,396.13
Jan-13Posted4,763.827,144.944,763.82        2,381.12
Feb-13Posted4,302.816,453.504,302.81        2,150.69
Mar-13Planned4,763.837,144.9428,072.88
Apr-13Planned4,610.156,914.466,914.46
May-13Planned4,763.827,144.947,144.94
Jun-13Planned4,610.166,914.466,914.46
Jul-13Planned4,763.827,144.947,144.94
Aug-13Planned4,763.837,144.947,144.94
Sep-13Planned4,610.156,914.466,914.46
Oct-13Planned4,763.827,144.947,144.94
Nov-13Planned4,610.166,914.466,914.46
Dec-13Planned4,763.827,144.947,144.94
Y2013 Depr56,090.1984,125.94100,522.06

 

 

What is to be configured for the depreciation key in AFAMA to cater for the above scenario?

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Asset balance report doesn't consider write-up amount during the fiscal year

January 7, 2016, 1:53 am
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Hi,

 

I have posted ABZU write-up for an asset during fiscal year (posting date is 01.01.2016).

 

When I run the asset balance report (S_ALR_87011964) with report date as 31.01.2016, the book value is NOT reduced by write-up amount. This leads to a mismatch between Asset vs. GL balance for period 2016-01 in terms of reporting.

 

Is there any other report that could consider the write-up into book value?

 

Thanks,

Sukhee

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How does Period Control Method works

December 7, 2010, 8:43 pm
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Dear all,

 

i understand that we assign the period control method to depreciation key, the period control method is assigned with a period control for acquisition, retirement and others.

 

we need to define the period controls as per our fiscal year variant in calendar assignement in customizing, how does this works.

 

regards

 

saurabh patni

 

Edited by: Saurabhpatni on Dec 8, 2010 5:50 AM

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