Asset reversal prior year in SAP. Could you please let me
the process to reverse a prior year of an asset with
depreciation and the risk that it might involved?
Many thanks
- 2 Answers
- 15413 Views
- M&M Associates, I also Faced
- E-Mail Answers
Answer Posted / dheeraj sachdev
If the previous year is closed (AJAB), then you cannot reverse.
Else AB08 will do the necessary.
Asset Value Date and Posting dates need to be carefully selected. If the posting date is in the current year, the Asset Reports will not tie with GL.
If Asset Account is not closed (but the financial year has been reported on, then this is clearly a high risk scenario because SAP and published report will not tally.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is the difference between business area and profit center?
What is a credit control area in sap ?
SAP DEPRECIATION RUN ERROR: I have a problem with depreciation posting. I have searched the forum but did not find any answer. Net book value of $ 559,350 as on April 2012 was fully depreciated by 31 Mar 2017. Additions between April 2012 and March 2017 were correctly depreciated. However, additions from 01 Apr 2017 were fully depreciated when depreciation program was executed. For example, asset acquisition on 01 May 2017 $ 2400 was fully depreciated ($ 2400) which is not correct. It should be $ 2000*20%/12*11 = $ 440. Subsequently, in Jan 2018, on the acquisition of $ 207, the system has posted a positive depreciation of $ 47,469 on the base value of $ 1,640,423.72!!! More surprisingly, acquisition after that is correctly depreciated. For example, acquisition on Jan of $ 3,488.94 was correctly depreciated by $ 174.45 (3488.94*20%/12*3 months). Here are the details of the configuration of depreciation: · Depreciation method SLM · Base method 0014 · Useful life: 5 years (20% depreciation). · Period control 01/01/01/01 · Depreciation after the end of planned life – the box is “checked”. · There is only ordinary depreciation. · “Only negative values and zero allowed” checked in Rule for positive/negative sign for ordinary depreciation in Depreciation Area. · Fiscal year: April to March · SAP ECC 6.0 Can anybody suggest/help how to fix this?
What is partitioning characteristic in co-pa used for? : co-pa
What is a year dependent and independent fiscal year variant?
Explain complex assets and asset sub numbers? : fi- asset accounting
What is a year shift/displacement in fiscal year?
How is component scrap maintained in sap?
In accounts receivable, what’s the difference between the ‘residual payment’ and ‘part payment’ methods of allocating cash?
Does functional module level configuration come under workbench request or customizing request?
Explain asset class
What is the number of configured currencies per company code?
What are the kinds of assets in sap? : fi- asset accounting
How can you create credit control area in sap?
Hai i completed MBA finance and done SAP FICO than i want start my carrer with sap fico entry level .Is there any openings such jobs .suggest me any one plz................
