Impact of Asset fiscal year opened

[Former Member]

Hi:

W hat is the impact is in AA if previous fiscal year has been left as opened . ?

Br

[srinivasa_maruvada · Accepted solution]

If you do not close the Fiscal year, below error will appear and you can not proceed further for any transactions in next year

You cannot post to asset in company code XXXX fiscal year XXXX

Message no. AA347

Diagnosis

A fiscal year change has not yet been performed in Asset Accounting for company code XXXX

Procedure : Check the asset value date.

You need to change the date to previous year and FI periods need to be opened at OB52 which is generally not acceptable.

Srinivas

[Former Member]

The issue is not resolved yet. The closed fiscal year for co code A in prd OAAAQ is 2010 (it should have been 2011,had it been it closed)but still user can make posting to the asset , execute depreciation run. I do not know why it is happening.

[Former Member]

Hi

At any point of time only 2 Fiscal years can be open in Asset Accounting. For any asset postings, to impact FI, you need to have the financial year also open. In FI, we normally maintain only the current month as open period. You can check transaction code OB52 to see the FI Posting period.

For any prior Asset accounting year which is open, it will not have any impact unless your financial period pertaining to that year is open.

Malathi

[Former Member]

Hi:

Our fiscal year is from July to June .Currently we are in 2012 7th month.. In OAAQ i can see AA fiscal year for co code A 2010 and for co code B 2011. For co code B Asset fiscal year closing has been done successful but due to some issues Co code A , AA fiscal year could not be closed. In OB52 only 2012, 7 month is opened.

The purpose of raising the thread was to know the impact on asset posting if AA fiscal year is not closed which i am unable to understood.

[former_member309133]

You need to close the asset year 2010 for company code A. Else you will not be able to post to assets accounting in 2012.

Sangram

[Former Member]

Hi:

But the fact is i can do asset postings in 2012, periodic processing is also being done b y end user like dep run e.t.c

[Former Member]

Hi

As you have mentioned only period 7 is open in OB52 for your company code B, you cannot do depreciation run for this company code in FY 2011. You can do depreciation only for period 7 FY 2012. You can check this by doing a test run in AFAB giving 2011 as FY and any period in 2011. You will get error message saying "Posting period is closed"

Asset accounting module is not a independant module. Any entries you post for an asset should flow to Financial accounting also. As your financial accounting period is not open for prior FY, no entries like depreciation, acquisition or retirement can be posted with date in FY 2011.

Hope this is clear.

Malathi

[Former Member]

You can do postings in 2012 because, 2012 is open in Asset accounting and Financial Accounting (Period 7)

Please not at any point of time 2 years can be open in Asset accounting.

[Former Member]

dear

will impact all the periodic processing transactions like depreciation run, if you running reval asset it will ask for closing of previous fiscal year.execute AJAB at year end its mandatory.

regards

rohit