Disposal Of asset Issue

[Former Member]

Dear Experts,

Due to the external audit request

·   We need to dispose 3 assets as on 31.12. 2011

·   However we have already posted depreciation on these asssets for Jan, Feb and March 2012

·   Please let me know how can we dispose off these assets in year 2011 and what needs to be done to effect this requirement.

Appreciate your cooperation.

Regards,

Leena...

[Former Member · Accepted solution]

Are you able to do it or want more clarification?

Thanks,

Inder

[Former Member · Accepted solution]

Hi

Can you please explain again what would be the impact of disposal in previous year i.e. 2011?  Remember there is depreciation posted until March 2012.

Will the system not give any error while doing it?

What should be the dates used in Document, Posting and Value date fields while disposing in ABAON?

I am asking these questions since we are going to do it in the live production system.

Please suggest.

Thanks and Regards,

Leena...

[Former Member · Accepted solution]

Hi Leena,

only error message will come if you have closed you FY 2011. If you Fiscal year is open for that company code then no error will occur.

Example:

I have an asset and i have acquired it in FY 2011 and posted depreciation for 2011(full) and till 9th period of FY 2012.

Now i am going to retire this asset fully in FY 2011. i am choosing the last day of last period in FY 2011 for this( it can be any period).

See system will post that much +ve amount in FY 2012 for which you have posted depreciation in FY2012.

Then you have to run depreciation for FY2011 and Till 10th period of 2012( in my example).

Document date, posting date and asset value date you can give anything but its better if you give last day of last period in FY 2011.

Please let me know in case of any  concerns

Thanks,

Inder

[Former Member · Accepted solution]

Thanks all for your valuable inputs. I would also like to share one setting that we did for this particular case. We have amended the transaction key Z51 which was used in ABAON. We changed the depreciation area settings in OAXB by allowing to dispose these asset values only from Dep area 01.

Otherwise we followed Inder's instructions.

Regards

Leena

[Former Member]

Hi Leena,

Just go ahead and do full retirement of those three assets on 31.12.2011 in FY11.

After you will post full retirement to these assets system will post positive values for Jan, Feb and March 2012 to balance the previous depreciation posting.

Then you have to run 2 depreciation runs under AFAB first for FY11 under Repeat run and second for FY12.

Then these assets will count as disposes on 31.12.2012.

Please let us know for any information you require.

Thanks,

Inder

[Former Member]

Thanks for the reply.

These assets are capitalized in FY 2011, so will the system allow me to post disposal as on 31.12.2011 in FY 2012? Or do I have to open the period in 2011?

Regards

Leena...

[Former Member]

Hi Leena,

You want to dispose these asset as on 31.12.2011 according to this date fiscal year is 2012. if understood your fiscal year settings then do following things.

While posting retirement you have to just choose Current year acquisition and Prior year acquisition. If assets acquisition date is in FY2011 then use prior year else use current year while posting.

No Need to open any period of 2011 as you want these assets to be disposed till 31.12.2011 which is FY 2012.

If you want more clarification then please share your Fiscal year start and end months.

Thanks

Inder

[atif_farooq]

Hi:

          If asset fiscal year 2011 is closed then you have to open it first using OAAQ and then open FI posting period using OB52. It is better to post the disposal of asset in special posting period of fiscal year 2011 so that these could be identified separately by auditors.

Br