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Chart of Depreciation

Hi

Normally when I have configured fixed assets I have copied the country specific chart of depreciation and used a separate chart of depreciation for each company code dependant on the country requirements. e.g. copied the GB sample for GB compny codes, copied the US sample for US compny codes. However my requirement now is that the same chart of depreciation needs to be copied and assigned to all company codes that reside in different countries. I would then need to add new depreciation areas for each counties requirements e.g US GAAP, FR GAAP so that all requirements across the globe are in included in this one chart of depreciation. There will be no group currency dep area because parallel currencies are not being used. I think this option is achieveable however I would like to know if anyone else has done this and if they have had any limitations from doing this.

thanks

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  • Best Answer
    Posted on Nov 22, 2011 at 05:08 PM

    Usually the best practice is to have one chart of depreciation per country.

    E.g.

    ZUS - Chart of Dep for US

    ZIN - Chart of Dep for India

    ZTH - Chart of Dep for Thailand

    And all company codes maintained in US must use ZUS, for company codes reside in India must use ZIN.

    This is because, for example you manage USGAAP reporting, IFRS reporting, Local Reporting, Tax reporting you can manage them easily.

    Example

    USGAAP - Book 01, IFRS - Book 02, Local Book (Local GAAP) - 03, Tax Book - 04

    Let say you want to know difference between USGAAP and Local GAAP you can create derive dep area 90.

    Ifyour requirement is to use one Chart of Dep to all coCodes around the globe, SAP will still permit you to do that but, remember we can only create 99 dep area per chart of dep, If you manage let say > 100 countries and the business requires you to create local book for each Country, you will be outnumber in terms of dep area. And also what if you also manage to create derive depreciation area, tax books. etc.

    If you are so sure that only USGAAP and IFRS are required book of your client and will not include Local Gaap, it think it will be ok. But again it is not the best practice,

    Thanks!

    Jhero

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2011 at 07:44 PM

    thanks I have tried to persuade them to use chart of dep by country, because I know it was best practise it is just good to know that it others agree. I have told them the limitations as you have described so will try and keep pushing for this option. I have given given you points for this.

    thanks

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