Asset Details from Client Side for Go-Live.

[former_member214876]

Dear All,

We have gone live on 01.04.2014. However we did not start Asset Module at that time.Now the client is interested to start Asset module from 01.04.2014 onwards.

My basic requirement is what data of Asset should I collect from Client (Asset Master Template) in order to start Asset Module from 01.04.2014 onwards. I have searched Google before posting this. I have never worked on Asset module before this. Hence I need your support.

Regards

Soumya.

[Former Member]

Hi Soumya,

Please follow these steps :

1. Specify Teransfer Date/ Last Closed Fiscal Year

IMG : Financial Accounting (New) : Asset Accounting : Asset Data Transfer : Parameters for Data Transfer : Date Specifications : Specify Transfer Date/ Last Closed Fiscal year

2. Specify Last period posted in Prv. system (Trnsfer during FY)

Asset Data Transfer : Parameters for Data Transfer : Date Specifications : Specify Transfer Date/ Last Closed Fiscal Year

Then do the following :

Step
1 :- Copy Reference Chart of Depreciation/ Depreciation Area

Step
2 :- Assign Chart of Depreciation to Company Code

Step
3 :- Specify Account Determination

Step
4 :- Create screen Layout Rule

Step
5 :- Define Number range Interval

Step
6 :- Define Asset Classes

Step
7 :- Determine Depreciation area in the Asset Class

Step
8 :- Assignment of General Ledger Accounts

Step
9 :- Specify Intervals and Posting Rules

Step
10 :- Define Screen Layout for Asset master data

Step
11 :- Define Screen Layout for Asset Depreciation Areas

Step
12 :- Define Depreciation Methods

Step
13 :- Maintain Depreciation keys

Step
14 :- Depreciation Run

Step
15 :- Create Asset Master  (AS01 , AS91 : Old Asset Creation)

Reward points if it helps !!

Regards,

Prakash Kumar

[Former Member]

Hi Soumya,

To transfer data from legacy system AS91 would be the most helpful T code for you.

You should have following items on your action list:

1. Classfying assets and categorizing them into asset classes.

2. You can start with all the basic settings in Asset accounting wherein you have to do valuation. Here you Set your chart of depreciation and define depreciation areas as per your client's requirement.

3. Set the calculation for the depreciation that you want to carry out for your assets whether declining balance, straight line method etc.

4. Assign GL accounts in the integeration with the GL which will then reflect balances of asset acquisition, loss/ profit on asset accumulation etc after your are done with accounts determination.

5. After you are through with this,then simply put you can start with, creating new assets(AS01), Capitalize them (F-90), run depreciation (AFAB) and so on.....

Regards

Sukham

[Former Member]

Hi,

For transferring the Asset module from Legacy data to SAP, many documents would be available explaining the things to be done for the same. For legacy data you have to create the depreciation areas, depreciation keys, asset classes, chart of depreciation, etc as per the requirement of client. Also for transferring asset values in FI through GL use of T-Code OASV or ABF1 is to be made by which the entries will flow to FI. e.g. If Asset is having cost of 100 Rs and already 30 Rs the depreciation is posted in the legacy system so now you have to pass the NBV of that Asset with 70 Rs. So in Asset Accounting you have to go to T-Code AS91 and there enter all values by which the Asset Accounting will get updated. And for FI you have to pass a journal entry as follows:

Acquisition GL A/C Dr. (Maintained for Acquisition in AO90 T-Code) 100

      To Accumulated Depreciation GL (Maintained for Acquisition in AO90 T-Code) 30

      To Suspense Clearing GL (Set off G/L)                                                          70

By this the entry will come into GL in FI books of accounts.

Regards,

Malhar.  

[former_member198650]

Hi Soumya,

1. Asset group

2. Depreciation method along with dep.rates and any scrap value

3. Depreciation areas -

Regards,

Mukthar

[former_member224726]

Hi,

Check the tcode AS91, it will give you a fair idea.

Suresh