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Asset Accounting-Unposted depreciation in closed FY

Hi Gurus,

The client has transferred some AUCs to assets just before closing the FY in FI-GL. Unfortunately they forgot to run depreciation prior to closing the FY and they also did not close the FY in AA however they closed the FY in FI-GL. This is almost 10 months ago, now they have realized the situation. They want to close the FY in AA without re-openning the FY in FI-GL. The unposted depreciation in closed FY is negligible and they want to do the corrections in the new year.

My question is, do you see anyway to close the FY in AA without opening the FY in FI-GL and running the depreciation. Can I assign a new depreciation key to these assets "no depreciation" and close the FY in AA? Do you see any solution to this problem

Thx

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    author's profile photo Former Member
    Former Member
    Posted on Jan 20, 2008 at 09:34 AM

    HI Cyrus

    The implicatoins are

    1) You cannot close the AA FY since for all the assets depreciation has not posted.

    2) Is your customer is ok, for the FY if depreciation has not been calculated and posted.

    3) If he agrees instead of assining No Depn Key, try to change the Ord Depn Start Date in those asset masters under "Depn Area" Tab.

    Please revert back whether the solution is ok for you.

    Regards

    A Chandrasekaran

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    • Thanks I was thinking about using the Depr start date unfortunately the client has posted unplanned depreciation against some of these assets which has complicated the situation. I tried to reverse these documents since they are only against the subledger but the system complains that the FI-GL is closed. So I'm hoping the Depre Key can do the job.

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