Revaluation of Fixed Assets

[Former Member]

Hi All

I have a requirement where i need to revalue all the existing fixed assets within the system.

Can anyone please recommend me the best way to go about this?

Thank you

Rukshana

[Former Member]

This message was moderated.

[Former Member]

HI

1) Create new depreciation area 20 with depreciation terms are allowed like Revaluation, Transfer of reserves and Revaluation ord.dep posting with GL indicator 4 or 3.

2) Specify Intervals and Posting Rules and set check box post revaluation

3) Assign separate GL accounts for Revaluation depreciation area 20.

4) Limit Transaction types in OAYA like Book depreciation area 01 is 100 and revaluation depreciation area 20 is 800.

5) During legacy data transfer AS91 make sure values added into asset take over values (Gross block and acc depr) in Revaluation deprecation area 20.

6) Use Transaction code is: ABAW for revaluation of assets

7) During Depreciation run system will pass accounting entries like

Book Depreciation a/c Dr

Acc depreciation Cr

Revaluation Rev Depreciation a/c Dr

Revaluation fixed asset Accounting Dr

Rev Acc depreciation a/c Cr

Revaluation Reserves account Cr

Prasanth

[Former Member]

Hi guys

I still cant seem to get it to work

When I try to do it with AR29n - i get the below message:

Transaction type 800 cannot be used for activity 'New Valuation (with Depreciation Write-Back)'

Message no. AAPO176

Then when i try it with the ABAW - {after defining a new depr area - made it real time postable and allowed it for revaluation and defining manual revaluation in ODAC}

I still get the below message:

Posting not possible (Asset does not manage postable areas)

Message no. AA439

What am I doing wrong?

Thanks for the support

Rukshana

[Former Member]

Hi Guys

Any suggestion on this issue please?

Thank you

Rukshana

[Former Member]

Hi Guys

i somehow managed to get the ABAW to post using transaction type 800.

Now however, when i run the S_ALR_87011963 report - i dont see any visibility of the revaluation amount i posted...

the asset value remains exactly as it was before i did ABAW...

What am I missing and what can i do to rectify it

Thank you

Rukshana

[former_member182098]

Refer 1144500 note for Revaluation.

Please note this is not a generic note for all countries and industries, this is for UK public sector undertakings only. But, this you can use it as a guide.

You can post revaluation by using ABSO / AB01 by using the relevant transaction type.

When your run the depreciation, the relevant adjusted depreciation entries get posted.

[Former Member]

Dear Ravi,

I have the same issue for revaluation of Asset, My Scenario is:

Asset acquired at 01.07.2012

Revalued at 01.10.2012.

Now my client wants that the revalued amount should be depreciated from 01.10.2012 and as far as system is concerned it deducts depreciation from 01.07.2012.

Kindly Guide!!!

Zain.

[iklovski]

Hi,

Transaction AR29N is supposed to deal with this.

Regards,

Eli

[Former Member]

Hi Eli

Thanks much for that..

But whats the transaction type I use?

Rukshana

[iklovski]

Hi,

You have 8* (800, for example) standard transaction types for performing revaluation.

Regards,

Eli