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Jan 20, 2008 at 04:42 AM

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