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author's profile photo Former Member
Former Member

Fixed Assets - AuC deactivation

We have a situation where we need to deactivate some AuC's.

We are using investment management.

We have settled and investment order to an AuC, at a later time we made entries to zero the investment and close the order. This was also settled. So the order and the AuC have a zero balance. The problem is we cannot deactivate the AuC because it has a value in the group currency deprecation area (area 31) but the IFRS (area 01) the value is zero.

We have not had any success in getting the area 31 values to zero.

Any assistance would be appreciated.

Best regards,

Chet

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2014 at 08:37 PM

    Hi Chet,

    Even though if you have balance in AUC still system will allow you to block from acquisitions.

    Otherwise

    You Can block the order since nobody can post entries to AUC asset directly. System won't allow expenses or acquisitions postings to AUC. So Blocking the order will help you.

    Regards,

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    • Former Member

      Hi Suresh,

      Thank you for the reply.

      The problem is we have a value in the euro depreciation area and no values in the IFRS area so we need to zero out the euro values caused by the timing of the activity, e.g. posted to the order and setttled in a different date and at a different exchange rate than the posting to the order that remove zero the order. The exchange rate difference has already been written off in FI but it was not carried through to the AuC.

      Best regards,

      Chet

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