on 10-13-2008 8:25 AM
Hello all,
I want to that in revaluation how we can post depreciation amt. to P& L a/c before and after revaluation the dep amount should got in B/s A/c.
how this process can be done?
suggest
Hi prem,
Configuration Steps for Revaluation
Goto OABW enable Revaluate APC and Depreciation for required Dep area
Goto OAYR Enable post revaluation option.
Maintain account determination for Revaluation
Goto ABAW revalate the assets.
Revaluation of asset based on two ways
1.periodic revaluation
2.Price index series
while Revaluation the system generate an accounting like
Depreciaiton revaluation account Dr
TO Acc.dep Revaluation account
at time of revaluation the new values are not updated to G/l accounting
during the Depreciation Run (AFAB) only the new values get Updated to G/L.
Regards
Chakri
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Dear Saurav,
There is a very good explained documentation, you can find on
http://help.sap.com/bp_bl603/BBLibrary/Documentation/508_BB_ConfigGuide_EN_CL.doc
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/CAINTCL/CAINTCL.pdf
Check this documentation, maybe it helpful, but still if you cant resolve, please let us know, what kind of issue you are seeing, will try to work it out.
Thanks,
Nishan Dev
Hi NIshan , I checked the Document ,
i already have this documents, can you please verify the following requirement that i have weather it is doable or not.
We have to inventory revaluation using this standard functionality, we don't need to change any values in the Material master , just have to post it into tax ledger for the reporting purpose.
I have three business scenarios
1. Domestic inventory from second half of calendar Year
Calculation: need to find the Highest value from invoice, contract or agreement document and do the following calculation
so for example
Product PO date PO Price
Material A 04-22-2012 $ 500
Material A 04-22-2012 $ 480
Material A 04-22-2012 $ 495
Data in the MM
Product Units Standard Price (CLP) Inventory Total
Material A 100 485 48.500
Adjust 1.500
Total 100 500 50.000 j
just calculate the inflation using the inflation index . so just 1500 will go into tax ledger
2. Domestic inventory from first half of calendar Year
Product PO date PO Price
Material A 04-22-2012 $ 500
Material A 04-22-2012 $ 480
Material A 04-22-2012 $ 495
Product Units Standard Price (CLP) Inventory Total
Material A 100 485 48.500
Adjust 1.500
Total 100 500 50.000
Infl.Adjust (1,8%-2011) 509 50.900
1500(difference from total value)+900(inflation) will go into tax ledger
SO Adjust the inventory according to the Total value of that material and take the difference and post into tax ledger. Is it Possible with the standard functionality of inventory revaluation using J1AX and J1AZ? ? Please let me know if this is possible
3. Domestic inventory from previous year calendar Year
- calculation based on last years inflation.
Please let me know if this is possible.
Thanks & Regards
Saurav.
Saurav,
I don't have ready setup to run a test, but I have gone through the scenario, and it seems for Chilean accounting regulations, this is a mandatory requirement to calculate your materials' replacement costs once every half year.
The process goes like this, and there are prerequisite to run replacement cost valuation, and if those are not maintained at Material Master Records, then I afraid even we can use standard functionality, may be this year they can start maintaining it, and going forward every month they can run the program once per posting period, assuming Fiscal Year - 1st Jan to 31 Dec.
If the market price determination program records a replacement cost for a material, the
system sets a hidden flag in the material master that shows that a market price has been
determined for this half year (this feature is relevant to Chile only).
Also it need to be maintained separate material, one for Domestic material and other for Imported material, as imported material will cross check with exchange price.
You run this program every month end, then the market price determination program sets the flag for each material that it has covered, and the inflation index adjustment program calculates inflation on all the other materials.
Even if they need to report this year to tax per inflation, they can use their traditional way, which is a hard way, by calling all the Material valuation report, and get the highest price PO,Contract, agreement, and have 3 G/L account based on your material material class maintained, and process offset entry to Tax as inflation JE.
I am not sure of any other way in which standard functionality can be supported, if prerequisite are not maintained.
Please also share your thought process, what is your route to cover this scenario ?
Best Luck,
Nishan Dev
Hi
Check the below path
SPRO-Financial Accounting-Asset Accounting-Special Valuation-Revaluation of Fixed Assets-
Check all the nodes here.
Srinivas
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi Prem,
You have only to set up revaluation and not inflation! (it is in the same menu path and some times it is not clear what is what)
Revaluation you have only in asset accounting. Inflation is in combination with FI and not only used for asset accounting. Inflation is used in countries with hyper inflation like Turky (in the past) Mexico, Chili,..
Paul
User | Count |
---|---|
91 | |
7 | |
7 | |
4 | |
3 | |
3 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.