Asset reversal prior year in SAP. Could you please let me the process to rever

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

Question Posted / mmlg.m

2 Answers
17084 Views
M&M Associates, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of a..

Answer / venkatesh.cgip@gmail.com

Hi,
You can reverse the Asset in T.C: ABO8
If you reverse the asset, the depreciation also
automatically reverse. You can see the report in T.C: AW01N
Then please post asset in T.C: ABSO by creating the
Customized transaction type.
Once you create the asset, then please run the depreciation
as Unplanned for previous periods.

I hope you will understand the above process. If not?
please reach me at venkatesh.cgip@gmail.com

Is This Answer Correct ?

9 Yes

1 No

Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of a..

Answer / 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 ?

4 Yes

1 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

some thing about solution manager?

2 Answers Cap Gemini,

Hello friends, when configuring GL master data an option called maintain externally exists.what is the purpose of this Maintain externally option? In which way is this helpful to us?

2 Answers Infosys,

What is reversal posting?

6 Answers

what is the client level, company code level

1 Answers

ageing process in a/r?

2 Answers IBM,

I have a customer and I have a special agreement with him that he always come to my premise and takes delivery and making by cash. In this case instead of debiting customer you have to debit the cash account. Is this possible ? If so how and why and If not how and why ?

0 Answers Kaar Technologies,

What is the difference between "costing based" (cb) and "account based" (ab) co-pa ?

0 Answers

Can you assign more than one company code to a company ?

0 Answers

what is controlling area, cost center, cost element,internal order & profit center?what does it control?what is relationship between each other?

5 Answers Art Technology and Software, Atlas Engineering, Cap Gemini, Infosys,

What is the account assignment category? : fi- accounts payable

0 Answers

Explain the purpose of the account type field in the gl master record?

0 Answers

what is the material ledger in co ?what is use of material ledger? please urgent

1 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here