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Calculation of delta depreciation between IGAAP and IFRS depreciation area


Hi,

My Client is going to implement IFRS implementation for Asset Management. There is a requirement to calculate Delta Depreciation between IGAAP and IFRS.

Please suggest how to take care of it.

Is it possible to have one more depreciation area as Delta Depreciation Area (IGAAP-IFRS)? or Zreport is only solution for it.

Regards,

Vs

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    author's profile photo Former Member
    Former Member
    Posted on Jan 20, 2014 at 05:49 PM

    Dear Ajay,

    I have heard about this concept but don't have much clearity.

    Do i need to create One Addtional Depreciation Area as Delta Depreciation Area (Book Dep - IFRS). What other IMG setting i have to follow?

    Please guide me.

    Regards,

    VS


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    • Former Member Ajay Maheshwari


      Hi Ajay,

      My client is already live since 2008. They are having two Depreciaiton Area Dep Area 01-Book Dep with Pst key 01 and Dep area 10- Tax Dep Area with Pst Key 0.

      Ok, i will go ahead with Report only.

      But going forward what my Client wants that Wef 1st April, 2014 they want to maintain only one Depreciation Area i.e. IFRS. In such case we have to change the posting indicator of Depreciation Area 01-Book Depreciation from 1 to 0. Is there any implication to change the indicator?

      Kindly suggest.

      Regards,

      VS

  • Posted on Jan 20, 2014 at 05:35 PM

    Hi

    When you create two dep areas that post to gl, system will mandate it to have a derived dep area which is delta of both. So, in short you will have 3 areas

    Ajay M

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