Hi,
Can any expert advise me how to to address the issue following?
We are currently on SAP B1 9.3 PL05 and we have a requirement of do the fixed asset revaluation. However, according to the IFRS reporting standards the Accumulated Depreciation of a fixed asset won't automatically taking into the consideration when posting a revaluation entry.
Example
Current asset value is 165,500,410 and new asset value is 328,000,000 (APC is 179,000,000). In the revaluation posting we see the entry similar to this
Capital Reserves 162,499,590(Cr)
Asset Balance Sheet Account 162,499,590 (Dr)
But our expectation as follows,
Accumulated Deprecation 4,475,003.00(Dr)
Capital Reserves 166,974,593(Cr)
Asset Balance Sheet Account 162,499,590.00(Dr)
Regards
Che