Asset retirement

[Former Member]

Dear Friends,

i want to scrap an asset partially in the previous year it is allreadu calculated dep for the previous year and year also closed in asset accounting,

i would like to know what is the impct on dep and year clsing and steps to do the scrap.

If useful points are assured.

Thanks,

Srini.

[Former Member · Accepted solution]

Hi,

If the previous year has been closed, you cannot scrap the asset in ABAVN with retrospective effect.

Thanks

Jagdish

[Former Member · Accepted solution]

Hi Jagdish,

Is it possibe to open the closed fiscal year for asset and FI.

Thanks,

Srini.

[Former Member · Accepted solution]

Hi Srini,

thats possible, but not recommendable.

Why? Asset historysheet and balance have been audited, if you post a scrapping it will have an impact on the profit/loss sheet and as well in the asset history sheet.

As far as I can evaluate this businesscase it's better to post the retirement in current year.

Best regards

Horst

[srinivasavepa · Accepted solution]

Hi Horst Rn,

You are right. It is not recommendable. It is better to post the retirement in the current year and am sure it will not be materially significant as far as the current financials are concerned.

The financial regulations need to be kept in mind while trying to solve an issue in SAP.

Appreciate your answer.

Srinivasa Vepa

[Former Member · Accepted solution]

Dear Horst/Srinivas,

Thanks for your reply,

Actually my client capitalized excess value for an asset wrongly during the previous year, and books are not audited but in system periods are closed in asset and FI

now iam looking for how to reopen the periods and post difference amount in asset during the previous fiscal year.

I came across 2 options

1) scrap

2) credit memo

I would like to know depreciation impact on these two options and procedure to reopen periods and recalculte correct depreciation

Thanks,

Srini.

[Former Member · Accepted solution]

use credit memo. its better than scrap

[Former Member · Accepted solution]

Hello Sri,

I agree with sarmas, a creditmemo is the better possibility because it has no impact on the gain/loss from a retirement.

Posting a creditmemo means also to start a repeatrun of depreciation in last fiscal year because the creditmemo reverses the posted depreciation.

Best regards

Horst

[Former Member · Accepted solution]

Hi Horst/Sarma,

can you please explain the procedure to open the closed fiscal year in asset accounting and how to adjust depreciation after posting credit Memo.

Thanks,

Srini.

[Former Member · Accepted solution]

How you did you close your asset accounting? If its through AJRW then simply open FI periods post credit note and then run AFABN in the special period.

If you have done the closing of asset acounting using AJAW then, you need to reverse the closing of teh period by using "S_ALR_87009081 - Cancel Year-End Closing " or by Asset Accounting-Preparing for Production Startup-Tools-Reset Year-End Closing.

[Former Member · Accepted solution]

Hello Sri,

if Year ends closing for AM has been executed, the balance/asset historysheet has not been audited and accountancy requests a correction of the depreciation last fiscal year:

- use TA oaaq and change last closed fiscal year for the companycode (i. e. 2007 to 2006)

- open posting periods FI S_ALR_87003642 i. e. for 12.2007

- post creditmemo

- execute repeatrun depreciation for 12.2007

- close fiscal year with ajab.

Best regards

Horst