Chapter
7
FIXED ASSETS
Asset procurement process:
Creation of material master (MM01)
Material Code example : -ASSETS
Provide the values as shown above Click on select views button
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Extension of Vendor Master ( XK01)
In vendor master CIN details fill the following values
Or we can go with J1ID
For maintain excise details
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Creation of internal order (KO01)
Click on save button
Click on above selection
Asset no: 90000005
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Click on save button
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Click on save button.
Release Purchase order( ME29N)
Now the Purchase Order is released to the Vendor . We can receive the material so we can go for GR.
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Settlement of internal order (KO88)
Remove the tick in test run check box
Execute
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For plant and machinery only need to fill shift factor
Double click on book depreciation line item for filling variable dep portion (this is required only for plant and machinery)
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Click on save button.
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Settlement of CWIP to Main asset.(KO02)
For maintain settlement rule
Provide the wer order number And click on enter
Provide the values as shown above
Click on save button.
Final settlement of CWIP to Main asset (KO88)
Remove the test run tick in above screen
Note : - Change Processing Type Automatic to Full Settlement
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Execute and we can view the following Accounting Entry.
Depreciation Run ( AFAB)
Execute the above tcode for posting the monthly depreciation for a Company code. Incase if a display is required prior to posting the actual Depreciation, select the option of Test run and execute. Normally, the radio button for Planned posting run will be used. However, if any changes Have been made to the depreciation terms and depreciation needs to be recalculated then the option of Repeat run needs to be selected. Due to this the Differential amount of depreciation now gets posted.
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Incase of no errors in the Depreciation run, the message for successful completion of the test run will be given as shown above.
An update run for actual posting must always be executed as a Background job. The accounting entry then gets generated else the batch input
Sessions needs to be run in the foreground and the error rectified.
After we are satisfied with the Results we can run in the Final Mode and Final Mode can only be run in the Background
Remove the test run in the above screen
Click on execute button
Select the back ground option as shown above
Provide the out put device as LP01.
Click on immediate button in the above screen
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Depreciation document
Document entry level
Ledger level
Asset sale with Customer
F-92
Specify the Company code for which the Customer Invoice is being booked. Enter the Invoice number in the Reference field as shown in the screen.
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Use posting key 50 and 390000 asset clearing account and transaction type 210 press enter
Enter the amount and the relevant Cost center to which the disposed asset belongs to. Next click on the small checkbox for Asset retirement and click on enter.
The adjacent screen comes up wherein details of the asset that is to be disposed off needs to be entered. Click on the option of Complete retirement if the whole asset is being disposed off. Else Partial retirements, the amount or qty fields can be specified.
Simulate the document and Post. Correct the highlighted lines before posting.
Save the Document
Asset sale without Customer - ABAON
Specify the Company code for which the asset disposal transaction is being posted. Enter the Asset value date and click on the Simulate option.
Select Rev. From NBV radio button and put the value 01 and click on save button.
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Sales of Assets
Place the cursor on the Gain and Loss item and click on Additional account assignment . Enter the Cost center and save the transaction.
Display of AW01N for the asset now shows the disposal entries.
Assets Scrapping ( ABAVN)
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Provide the existing asset number Provide the dates Select new asset Radio button Click on master data
Provide the values as shown above and click on additional data button in the above screen Provide the required values and Come back from the above screen And click on save button
