Situation:- We are following fiscal year is Jan to Dec. we purchased an asset f

Situation:- We are following fiscal year is Jan to Dec. we
purchased an asset for Rs 1,00,000 /- and we are calculated
on this asset depreciation is 10%. At the time of 12th
period (Dec) my client is realized that we should have been
charged at 5% instead of 10% depreciation.
Question:- How you will adjust the depreciation to 5% which
has already been charged with 10% on the previous periods
(i.e Jan to Nov).
Note: it has been changed the depreciation key to 5% on Dec
month and same assigned to the particular asset master data.

Your valuable suggestion on this much appreciated.

Question Posted / mariks

2 Answers
6916 Views
Mphasis, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Situation:- We are following fiscal year is Jan to Dec. we purchased an asset for Rs 1,00,000 /- an..

Answer / keith

This situations not normally exist. But if depreciation is
wrongly posted then sap doesnot suggest to reverse
depreciation if the client is in production mode. We have
to reverse the posting in General Ledger and subsequently
in Asset Accounting. After this we need to run depreciation
again for all the periods with new key assigned in Asset
master record. Bye

Is This Answer Correct ?

7 Yes

1 No

Situation:- We are following fiscal year is Jan to Dec. we purchased an asset for Rs 1,00,000 /- an..

Answer / chandu

Change the depreciation key with correct depreciation rate
then run unplanned depreciation for the asset

Is This Answer Correct ?

2 Yes

0 No

Post New Answer

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

What are all the prerequisites for posting in a foreign currency?

0 Answers

what are the configuration steps in FICO we need for a tax code (Indian) to work properly?

1 Answers HP,

what r the month end activites for a consultant which enduser cannot do?

3 Answers Accenture,

What is configuration procedure for Asset procured through purchase order

0 Answers Mind Tree,

What is archiving? How does it differ from deletion? : fi- general ledger accounting

0 Answers

What is the use of sort key?

2 Answers

In General Business scenario we use cost center for cost collection and for short term or special purpose we use Internal order. If we use Internal Order insteed of cost center accounting so what happend. any data volume or periodic lost data we face.

1 Answers HCC,

what r the problems faced during realtime support project if fico? how to solve it?

0 Answers IBM, TCS,

Kindly give me suggestion about Dunning for Vendors how can do the Vendor dunning, kindly provide the one by one required steps…

3 Answers

What differentiates one dunning level from another? : fi- accounts receivable

0 Answers

What are closing operations? How we have done closing operations?

3 Answers

Someone kindly explain to me where can i set up in vendor master Cost Center / Business Center / Segments Optional, please help freind. i cant find out. i waiting for my sap group freinds valid responds

0 Answers

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