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asset revalue

Former Member
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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

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member222730
Participant
0 Kudos

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

Former Member
0 Kudos

HI Chakri,

I am facing some issue with the asset revaluation can you provide your email id so that i can discuss further?

former_member222730
Participant
0 Kudos

Hi,

ncp.chakri@gmail.com

Regards

Chakri

Former Member
0 Kudos

I just sent u the mail..\\

Please check.

Thanks

nishan_dev
Active Contributor
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It would have been kind, and good for forum, if the issue would have been discussed here instead of private email exchange.

We work together on SCN.

Thanks,

Nishan Dev

Former Member
0 Kudos

Hi Nishan ,

Sure, will keep that in mind going forward,

Thanks.

nishan_dev
Active Contributor
0 Kudos

Thanks  Saurav.

Good Luck,

Nishan Dev

Former Member
0 Kudos

Hi Nishan,

I am doing Material inflation for Chile, getting some issues ,

Just wanted to have you ever done Inflation accounting for Asset and  Material for Chile ?

Thanks

nishan_dev
Active Contributor
0 Kudos

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

Former Member
0 Kudos

Alright, i am going to check it out and let you know,

Thank you

Former Member
0 Kudos

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.


nishan_dev
Active Contributor
0 Kudos

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

srinivasa_maruvada
Active Contributor
0 Kudos

Hi

Check the below path

SPRO-Financial Accounting-Asset Accounting-Special Valuation-Revaluation of Fixed Assets-

Check all the nodes here.

Srinivas

Former Member
0 Kudos

Hello sri,

when i am doing asset inflation the system is giving error "Inflation adjustment not activated for company code 1000"

Former Member
0 Kudos

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

Former Member
0 Kudos

Hi Srinivash , I am facing few issue with the Inflation for material and asset,

can you please provide you e-mail or contact number so that i can explain?

Thanks