acquis. and production cost account specification for AO90

[Former Member]

In AO90, for Dep Area 50 and 51, B/S account determination, we have given Acquision: acquis. and production cost account and Contra account: Acquisition value account same. Is this a remmandable practice?

In any case. can you please tell me what should be the specifiations of

(1) Bal. sheet account: Acquisition and production costs

(2) Contra account: Acquisition value posting

Thank you for your help.

[dominic_holdstock · Accepted solution]

Hi,

This is not recommendable since it defeats the purpose of the areas posting to G\L accounts.

First check and consider why you want to post the APC values for these areas to G/L accounts, then model the accounts accordingly or set the the areas to reporting only.

Kind regards

[Former Member · Accepted solution]

Dominic:

Thank you for your prompt reply. When I run ASKBN, it thorws an error that Contra account Contra Account: Acq Value not found for Dep Area 50 as well as 51. FYI ~ 50 AND 51 are differential Dep area (Book - Tax and Book - Stat). Hence i thought of using Bal. sheet account: Acquisition and production costs account as Contra account. After I made this change to AO90,, system thew another error that account 2360100 ( Which is my Bal. sheet account: Acquisition and production costs account) is a Assets Recon Account and can not be used as a Contra account. Can you please throw some idea to handle this?

Also, please let me know the inplecation of setting the areas to reporting only and how is it done. Thank you!!!

[Former Member]

Hi Gurus: Awaiting for your response......